Google to slash ‘few hundred’ jobs
The internet giant will cut jobs from its global ad team.Company News Business
Counterfeit products cost Europe $13 billion, 200,000 jobs a year
Paris, France - Counterfeit products -- mainly clothes -- cost the European economy 16 billion euros a year and result in...Business Economy
Turkey cuts interest rate for second successive month despite soaring inflation
Turkey's central bank cut interest rates for the second successive month on Thursday in what economists interpreted as confirmation of...The central bank has blamed rising inflation on "transitory" factors that will dissipate with time.
The lira extended its fall into record-low territory against the dollar and euro after the announcement.
ACWA Power plans to stop investing in non-renewable projects: CEO
ACWA Power has said it plans to end investment in non-renewable projects in its endeavor to reach net zero by...ACWA holds a one-third stake in the massive $5 billion Neom futuristic city project, which will be powered entirely by solar and wind.
The company, 44 percent owned by PIF, will be "very selective" about the type of gas-powered plants, says CEO
QatarEnergy partners for UK project
This is QatarEnergy and Shell’s first hydrogen agreement.QatarEnergy and Shell have signed an agreement to pursue joint investments in blue and green hydrogen projects in the UK
It apparently establishes a framework for collaboration and joint investment to develop hydrogen solutions in the UK
TAQA lands Aramco water project
The project will be used to make power and desalinate water.The Abu Dhabi National Energy Company or TAQA will develop a greenfield cogeneration power and water desalination project in Saudi Arabia
TAQA will do this along with the Marubeni Corporation for Saudi Aramco
New Zealand passes law to make banks report climate impact
New Zealand has passed a law that will force banks to reveal the impact of their investments on climate change....New Zealand’s Climate Change Minister James Shaw said the law was meant banks, insurance companies, and investment firms
He said it would require them to make mandatory disclosures about their portfolios' global warming record from next year
Trump launching new social media network called ‘TRUTH Social’
The long-awaited platform will be owned by Trump Media & Technology Group.The long-awaited platform will be owned by Trump Media & Technology Group
The platform also intends to launch a subscription video on-demand service
Augmented reality transforms fashion retail
Customers can try on and buy entire collections of eyeglasses, lipstick, nail color, jewelry, and even garments by using augmented...Customers can try on and buy entire collections of eyeglasses, lipstick, eye shadow, nail color, jewelry, and even garments by using AR and VR applications
All of this is enabled due to significant advances in facial recognition, feature tracking, and computer vision
Zain Group unveils unit to help boost regional telecom infrastructure
ZainTech will provide solutions for Cloud, Cybersecurity, Big Data, IoT, AI, Smart Cities and Emerging Technologies while incorporating NXN and...Solutions for Cloud, Cybersecurity, Big Data, IoT, AI, Smart Cities and Emerging Technologies remain key focus
Andrew Hanna has been appointed CEO of the newly launched ZainTech
Lloyds Bank, the British lender, to shut down 48 branches
Lloyds Banking Group will close a further 48 branches across England and Wales, the British lender said on Wednesday, as...The closures are the latest in a string of such moves by the bank, which in June announced the closure of 44 different branches
Lloyds said it is responding to customers using branches less frequently
EDB, ADIO join hands to boost business in Abu Dhabi
The two parties have signed an MoU to promote business establishments and Foreign Direct Investments.The main aim of the MoU is the expansion of the private sector in Abu Dhabi and inclusive economic growth
The collaboration is expected to enable investment in Abu Dhabi from SMEs, big firms, and startups
