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TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

Davos25: Kyrgyzstan beckons with lax tax regime, says CEO of country’s tech hub

Davos, Switzerland -- Aziz Abakirov, the CEO of the High Technology Park of the Kyrgyz Republic, represents a unique initiative...
  • Companies in Kyrgyzstan High Technology Park enjoy 1% tax on turnover and zero tax on certain activities, including crypto.
  • Our main focus is to attract partners who value skilled talent and are looking to collaborate with us, Abakirov said.

Davos25: Working in silos can’t resolve systemic issues, says Catalyst Now’s Galtung

Davos, Switzerland -- Some of the biggest problems in the world today are systemic problems, which cannot be resolved with...
  • From 200 organizations in 2020, Catalyst Now has grown to 3,800 organizations working in 140 countries.
  • It's for the first time that there's a Social Innovation House in Davos. There is a commitment to do it again next year.

Exclusive: ADP’s Nela Richardson on how AI is reshaping the global workforce

Davos Switzerland - The rapid adoption of AI and automation is redefining labor markets, reshaping industries, and transforming skills globally,...
  • Drawing from insights in the Future of Jobs Report 2025, Dr. Richardson emphasized the dual forces of opportunity and risk that AI introduces to labor markets
  • Reflecting on the findings of the report, Dr. Richardson highlighted the critical gaps that need to be addressed, including the skills gap and the employers-employee disconnect

Workers should have a say in AI implementation, says TUAC general secretary

Davos, Switzerland -- The transformation seen in the labor market brought about by green transition and new technologies has raised...
  • Nilsson said that in the green transition, the new jobs that have been created are of lower quality and workers are less protected.
  • AI can reduce discrimination in hiring but the technology itself can be rigged to increase discrimination, she warns.

EXCLUSIVE: ILO chief urges action on job gap and reskilling at Davos 2025

Davos, Switzerland -- The world labor market is nearing the pre-Covid levels but gender gap and other concerns remain, International...
  • Houngbo said he saw the unemployment gap between young women and young men to the disadvantage of women.
  • The most important thing is that the private and public sectors need to step up investment in reskilling, he said.

EXCLUSIVE: AI agents to reshape the future of work, says CEO Automation Anywhere

Davos, Switzerland: AI agents are set to revolutionize the way businesses operate, with tasks being divided into autonomous, AI-assisted, and...
  • Mihir Shukla reveals AI agents will revolutionize work, blending autonomous, assisted, and manual tasks
  • The company operates 300 million AI agents globally, with a growing presence in the Middle East

Nations retreating inward making global cooperation harder, Dr Masood tells TRENDS at Davos

Davos, Switzerland - The world is grappling with challenges that demand collective action, but rising nationalism and geopolitical tensions are...
  • The world faces problems that can only be solved if people and countries come together, Dr. Masood said
  • He pointed to US-China tensions as a major barrier to addressing shared global challenges

Oman launches New Nation Brand at Davos to enhance global presence

Muscat, Oman – Oman on Tuesday launched its New Nation Brand at the World Economic Forum in Davos in an...
  • Speaking at the event, Oman’s Minister of Economy Dr Said Mohammed Al Saqri expressed confidence in the brand’s ability to enhance the country’s standing on the global stage
  • He continued that the launch of the brand  in Davos was not only as an invitation to international investors and media to explore Oman's opportunities

There’s nothing more interlinked and global as international financial markets: Swiss president

In an exclusive interview with TRENDS, Swiss President Karin Keller-Sutter emphasized the critical role of financial stability in safeguarding global...
  • Keller-Sutter emphasized that financial stability is vital for maintaining global economic health, highlighting the deeply interconnected nature of international financial markets
  • She stressed the importance of countries acting from internal strength to ensure resilience and contribute effectively to global financial stability.

Securing the digital future: AI and global cooperation foster cyber resilience

While AI accelerates the detection and management of threats, cybercriminals also leverage this technology for sophisticated attacks, says WEF's cybersecurity expert Filipe Beato.
  • Beato said cyber risks are among an organization’s highest priorities, and the threat keeps increasing, a fact emphasized by WEF since 2020.
  • With the increased connectivity and dependencies of critical sectors and services, improving ecosystem cyber resilience requires collaborative action.

GCC is rewriting the narrative on cultural diplomacy

Partnerships with institutions like the Victoria & Albert Museum, Venice Biennale, and Hollywood productions elevate the GCC’s cultural landscape.

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Readying for jobs of tomorrow: WEF’s Till Leopold stresses upskilling

Davos, Switzerland -- In the next five years, millions of jobs will be created. Governments, employers, and education institutions, therefore,...

Lithium-sulfur batteries will transform energy storage, says Lyten’s Horvath

Lyten, a Silicon Valley-based company, is revolutionizing the energy storage market with its groundbreaking lithium-sulfur battery technology. These batteries offer...

‘Middle East is a promising area with a lot of initiatives going on in the UAE, Saudi Arabia’

Beyond AI, new technologies will leverage artificial intelligence to drive the next phase of the Fourth Industrial Revolution, Alphaeus Hanson,...

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Davos25: Qatar, Saudi, UAE to lead GCC transformation, says Cytomate COO

DAVOS, Switzerland -- Bilel Al Souaied is an entrepreneur and venture capitalist. He is the COO of Cytomate, a leading...
  • Since the discovery of hydrocarbons, GCC has been experiencing several economic models. Some of them proved to be working, some not.
  • "We do have one of the most advanced educational ecosystems. Qatar is leading the way in terms of that," Bilel said.

Davos25: Kyrgyzstan beckons with lax tax regime, says CEO of country’s tech hub

Davos, Switzerland -- Aziz Abakirov, the CEO of the High Technology Park of the Kyrgyz Republic, represents a unique initiative...
  • Companies in Kyrgyzstan High Technology Park enjoy 1% tax on turnover and zero tax on certain activities, including crypto.
  • Our main focus is to attract partners who value skilled talent and are looking to collaborate with us, Abakirov said.

Davos25: Working in silos can’t resolve systemic issues, says Catalyst Now’s Galtung

Davos, Switzerland -- Some of the biggest problems in the world today are systemic problems, which cannot be resolved with...
  • From 200 organizations in 2020, Catalyst Now has grown to 3,800 organizations working in 140 countries.
  • It's for the first time that there's a Social Innovation House in Davos. There is a commitment to do it again next year.