AI in an ‘industrial bubble’ but will benefit society: Bezos
Turin, Italy - Artificial intelligence technology is in an "industrial bubble," Amazon founder Jeff Bezos told a tech conference in...
Economy
Putin vows ‘significant’ response to ‘Europe’s militarisation’
Russian President Vladimir Putin on Thursday promised a "significant" response to "Europe's militarisation", as he addressed a foreign policy forum...
Geostrategy
Business
Microsoft and US labor group join hands on AI
The alliance comes as workers and governments are fretting over the potential repercussions of AI on work, with fears that...
- Microsoft will train labor leaders and workers on how artificial intelligence works
- The labor group and the tech giant will also collaborate on how to shape public policy
Economy
Jordan’s mission to save its ancient olive trees
Jordan's culture ministry, Gharaibeh's organization is working to add the trees to the UNESCO Intangible World Heritage List, hoping this...
- Jordan has 11 million olive trees in groves that make up 20 percent of all cultivated land in the country
- They produce 50,000 tons of olives and 25,000 tons of olive oil annually, contributing $169 million to the economy
Houthi missile hits Norway-flagged tanker off Yemen: CENTCOM
US warships patrolling the Red Sea have shot down Houthi missiles and drones several times since the militants began the...
- The night-time attack occurred as the chemical tanker passed through the Bab-el-Mandeb, the strait between Yemen and northeast Africa
- The attack is the latest escalation from the Houthis in Yemen, who have increasingly targeted ships off the coast with missiles and drone attacks
Economy
Turkish top-flight suspended after ‘vile, inhumane’ referee attack
According to local media Halil Umut Meler was the transferred to a hospital due to his injuries. the TFF said...
- Ankaragucu chief floored referee Halil Umut Meler with a vicious punch to the face on the pitch following Monday's game
- Turkish president Recep Tayyip Erdogan condemned the incident which took place in the capital city, Ankara
Geostrategy
UN assembly moves past Security Council to take lead on Gaza
With calls for a ceasefire multiplying, "it is safe to assume that the majority will be greater" this time, Richard...
- The US, one of only five permanent members of the Security Council, used its veto on Friday to halt a draft text calling for a ceasefire, the latest sign of impasse
- UN Secretary-General Antonio Guterres has warned of a looming "complete breakdown of public order" in the besieged Gaza Strip
COP28 UAE
COP28 last chance to keep 1.5C target alive: John Kerry
US climate envoy issued the warning after COP28 president Sultan Al Jaber proposed a draft deal that did not include...
- He said that nobody at COP28 wants to be part of the failure to live up to this responsibility
- The 2015 Paris Agreement set the increasingly elusive target of limiting warming to 1.5 degrees Celsius
Geostrategy
West Bank, Jerusalem Palestinians go on strike over Gaza onslaught
Activists had called for a strike in solidarity with the besieged territory covering businesses, public workers and education. Many Palestinians...
- He described the protest as part of a global effort to put pressure on Israel to stop the war, reporting strikes taking place in parts of Jordan and Lebanon.
- In Lebanon, public institutions, banks, schools and universities closed after the government decided on a nationwide strike in solidarity with Gaza.
COP28 UAE
COP28 draft deal calls for ‘reducing’ fossil fuel production, consumption
The draft no longer mentioned a "phase-out". The text prepared under COP28 president Sultan Al Jaber, the head of the...
- The document calls for reducing the consumption and production of fossil fuels in "a just, orderly and equitable manner so as to achieve net zero by, before, or around 2050".
- A previous draft on Friday included the word "phase-out" which climate campaigners, low-lying island states and the European Union have been pushing for.
Business
Bosch to cut 1,500 jobs
The firm said the cuts will be completed by the end of 2025.
- Bosch is facing major structural changes when it comes to transmissions as the shift to electromobility gathers pace.
- The company stressed there would be no compulsory redundancies in the forthcoming cuts, in line with a recent agreement.
Business
TikTok announces online shop deal
Indonesia is TikTok's second-largest global market.
- Indonesia in September banned sales on social media to protect small businesses that were losing out to e-commerce giants
- With 125 million users, Indonesia is TikTok's second-largest global market after the United States, according to company figures
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
AI in an ‘industrial bubble’ but will benefit society: Bezos
Turin, Italy - Artificial intelligence technology is in an "industrial bubble," Amazon founder Jeff Bezos told a tech conference in...
Economy
Company News
Latest News
Gaza rescuers say 31 killed near a US-backed aid site, Israel denies involvement
Israel has faced growing condemnation over the humanitarian crisis in the war-ravaged Gaza Strip, where the United Nations has warned...
Geostrategy
Egypt unveils plan for new desert city in latest megaproject
The new city, named Jirian meaning "Flow" in Arabic, is part of Egypt's Nile Delta scheme, a massive agricultural initiative...
Geostrategy
Saudi FM says blocking of West Bank delegation shows Israeli rejection of peace process
Ministers from Saudi Arabia, Egypt, Jordan and Bahrain, along with the Arab League chief, had planned a trip to the...
Geostrategy
Most Read
Business
Oil under $65 a boon for consumers, but a burden on producers
London, United Kingdom -- US President Donald Trump's tariffs, his call to "drill baby drill" and especially a decision by...
- The fall in oil prices has contributed to a global slowdown for inflation, while also boosting growth in countries reliant on importing crude, such as much of Europe.
- Cheaper crude "increases the level of disposable income" consumers have to be spending on "discretionary items" such as leisure and tourism, experts say.
Business
The five biggest-selling gaming consoles
From the first video game consoles of the 1970s to the Nintendo Switch 2 due out on Thursday, hundreds of...
- Japanese tech and entertainment giant Sony sparked a global frenzy with the release of PlayStation 2 in 2000.
- The Nintendo Switch, released in 2017, had a tablet format allowing users to play on a large screen at home or on public transport, helping to turn it into a sensation.
Geostrategy
Israeli gunfire kills 10, wounds over 100 near aid site in Gaza
"At least 10 Palestinians were killed and more than 100 others... were wounded due to gunfire from Israeli vehicles towards...
- The dead and wounded were transferred to Nasser Hospital in Khan Yunis, he said.
- Israel has come under increasing international criticism over the dire humanitarian situation in the Palestinian territory.