AMD, Cisco, and HUMAIN partner to build 1 GW AI infrastructure in Saudi
Washington, DC., US – AMD, Cisco, and HUMAIN, a PIF-backed company delivering full-stack AI solutions, have announced plans to establish...
Business
Flydubai inks $13bn Boeing deal for 75 jets as city’s airlines build up
State-owned flydubai and its long-haul partner airline, Emirates, have been the chief deal-makers at this week's Dubai Airshow, the largest...
Business
Business
Amazon shares surge as AI boom drives cloud growth
San Francisco, United States - Amazon's share price skyrocketed by more than ten percent on Thursday after the online retail...
- The e-commerce giant's Amazon Web Services division, which recently suffered a global outage, saw revenues jump 20 percent to $33 billion in the third quarter
- Amazon's major rivals in the cloud computing space, Microsoft and Google, on Wednesday also reported sales increases in their cloud computing business
Arts & Culture
After delays, Egypt set for lavish opening of grand museum
Cairo, Egypt - With much pomp and circumstance, Cairo is due to inaugurate on Saturday the long-awaited Grand Egyptian Museum,...
- With a panoramic view of the Giza pyramids plateau, the GEM houses thousands of artefacts spanning more than 5,000 years of Egyptian antiquity at a whopping cost of over $1 billion
- More than two decades in the making, the ultra-modern museum anticipates five million visitors annually, with never-before-seen relics on display
Economy
Backed by its sovereign wealth fund, Saudi chases AI ambitions with homegrown firm pitched to global investors
The company, launched in May, is bankrolled by Saudi's powerful Public Investment Fund, which has played a key role in...
- The company, launched in May, is bankrolled by Saudi's powerful Public Investment Fund, which has played a key role in financing the kingdom's gigaprojects
- But Riyadh's ambitions to become a global AI hub face fierce competition from the neighbouring United Arab Emirates, which have invested in AI for years
Business
TotalEnergies net profit soars despite lower oil prices
Paris, France -- French oil and gas giant TotalEnergies reported on Thursday a sharp increase in third-quarter net profit despite...
- The company said net income grew around 61 percent to $3.7 billion compared to the same period last year, even as oil prices fell by more than $10 per barrel year-on-year.
- TotalEnergies shares were down 1.4 percent in afternoon trading while the Paris stock exchange's blue-chip CAC 40 index was 0.7 lower.
Geostrategy
Israel says received bodies of two Gaza hostages from Red Cross
Not including the latest two, Hamas have so far given back the remains of 15 of the 28 deceased hostages...
- Israel launched a wave of strikes on Gaza overnight from Tuesday to Wednesday after an attack that left an Israeli soldier dead in the south of the Palestinian territory.
- Hamas has said its fighters had "no connection to the shooting incident in Rafah" and reaffirmed its commitment to the truce.
Business
BYD Q3 profit down 33%
This was a 33% year-on-year decrease.
- The Shenzhen-based firm recorded revenue of 195 billion yuan over the same period, a slight decrease of 3 percent year-on-year.
- China's EV industry is world-leading but a cutthroat domestic market has weighed on companies' profitability.
Geostrategy
Israel hits another Gaza target after deadliest night since truce
Israel said it struck an arms dump in Gaza on Wednesday, hours after the deadliest night of bombing since the...
- The military announced it had carried out a strike on a site in the Beit Lahia area of northern Gaza where it said weapons were being stockpiled for "an imminent terror attack."
- Israeli troops, it said, would remain deployed in "accordance with the ceasefire agreement and will continue to operate to remove any immediate threat".
Business
Alphabet posts first $100 bn quarter
The growth was powered by cloud division buoyed by AI
- The tech giant's revenues jumped 16 percent year-on-year to $102.3 billion in the third quarter, beating analyst expectations
- "Alphabet had a terrific quarter, with double-digit growth across every major part of our business," CEO Sundar Pichai said
Geostrategy
Trade truce in balance as Trump meets ‘tough negotiator’ Xi: ‘We’ll have a great understanding’
The world's two top economies' trade tussle -- encompassing everything from rare earths to soybeans and port fees -- has rocked...
- Sitting opposite each other each leader was flanked by senior officials including Secretary of State Marco Rubio, Treasury chief Scott Bessent and Commerce Secretary Howard Lutnick
- Xi's team, which arrived from Beijing shortly before - the US side was already in South Korea - included Foreign Minister Wang Yi, and Commerce Minister Wang Wentao
Geostrategy
Israel hits dozens of targets as Gaza sees deadliest night since truce
Gaza's civil defense agency said more than 100 people were killed, including many children, but both US President Donald Trump...
- The Hamas-run territory's civil defense agency said at least 35 children were among the more than 100 killed.
- United Nations rights chief Volker Turk said the report of so many dead was appalling and urged all side not to let peace "slip from our grasp".
AMD, Cisco, and HUMAIN partner to build 1 GW AI infrastructure in Saudi
Washington, DC., US – AMD, Cisco, and HUMAIN, a PIF-backed company delivering full-stack AI solutions, have announced plans to establish...
Business
Company News
Latest News
Demand for air con set to triple by 2050, warns UN
Geneva, Switzerland -- Global demand for air conditioning could more than triple by 2050, the United Nations warned on Tuesday,...
Geostrategy
Sharaa’s US visit: Syria joins alliance against Islamic State after White House talks
Sharaa, whose rebel forces ousted longtime ruler Bashar al-Assad late last year, was the first Syrian leader to visit the...
Geostrategy
US mediator Kushner and Netanyahu hold talks on the second round of Gaza ceasefire
Kushner, the son-in-law of US President Donald Trump who helped broker the ceasefire, met Netanyahu in Jerusalem on Monday as...
Geostrategy
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Geostrategy
The Sudanese who told the world what happened in El-Fasher
Port Sudan, Sudan -- "Sixteen killed." "Seven killed." "Thirty-one killed." "People are eating cowhide to survive." "The bombs are getting...
- AFP's Sudan correspondent documented the grim siege of El-Fasher through civilians like doctors and activists who relayed vital, dangerous updates.
- These brave sources, including Dr. Ismail and Sheikh Moussa, have all been killed while documenting the ongoing war between the army and the RSF.
Geostrategy
UAE ‘probably’ won’t join Gaza stabilization force: senior official
Abu Dhabi, UAE -- The United Arab Emirates is not planning to join the international stabilisation force for Gaza because...
- The US-coordinated international force has been seen as likely to include troops from Egypt, Qatar and Turkey, as well as the UAE.
- Last week, US President Donald Trump said he expected the force to be in Gaza "very soon", as a fragile ceasefire holds following two years of war.
Science
No link between paracetamol and autism, major review finds
Paris, France -- There is no clear link between pregnant women taking the common painkiller paracetamol and autism in their...
- In September, the US president sparked outrage among the medical community by claiming that paracetamol -- also known as acetaminophen -- was associated with higher rates of autism
- The umbrella review called for better research, pointing out that there has been a "historical and ongoing underinvestment in women's health research".