Bitcoin falls below $80,000 first time since November amid market volatility
Hong Kong, China -- Bitcoin sank below $80,000 on Friday for the first time in more than three months as...Business
Asian markets swing as traders assess latest tariffs volley
Asian markets were mixed Wednesday after President Donald Trump broadened his tariff threats, while traders were also assessing the geopolitical...Business
EU examines Microsoft large investment in OpenAI
Brussels, Belgium - The EU, racing to regulate the fast-moving world of artificial intelligence, said on Tuesday it has started a...The early-level examination is "checking whether Microsoft's investment in OpenAI might be reviewable under the EU Merger Regulation," the European Commission said.
The move is part of efforts by Brussels to make sure its regulatory oversight can catch up with AI developments and stop major players shutting out competitors.
GSK to buy Aiolos Bio
The focus is on an asthma medication still at the testing stage.The acquisition hands GSK access to AIO-001, a long-acting antibody which is ready to enter Phase II clinical development for the treatment of adults with asthma
AIO-001 was exclusively licensed to Aiolos outside of China by Jiangsu Hengrui Pharmaceuticals, which initially developed the asthma treatment
EVA Air orders 33 Airbus planes
The deal could be worth as much as $8.5 billion.The 33 planes ordered include 18 long-range A350-1000 planes and 15 single-aisle A321neo models
The wide-bodied A350-1000 type can seat up to 410 passengers and travel up to 18,000 kilometers non-stop
Tokyo’s Nikkei climbs to its highest level since Mar 1990
Tokyo, Japan - Tokyo stocks closed higher on Tuesday on the back of gains in US tech stocks, pushing the Nikkei...The benchmark Nikkei 225 index climbed 1.16 percent, or 385.76 points, to end at 33,763.18
In Tokyo trading, chip-linked shares were higher with Advantest surging 6.04 percent to 4,945 yen
Mubadala lists dollar, dirham bonds
This is Mubadala's seventh listing of a green debt instrument on ADX.The listings on ADX included Mubadala’s highly oversubscribed debut Green Bond and Mubadala’s inaugural dirham-denominated bond.
The listing of Mubadala’s green bond marks the seventh listing of a green debt instrument on ADX.
Air cargo demand up 8.3 percent in November 2023, says IATA
GENEVA, SWITZERLAND - The International Air Transport Association (IATA) released data for November 2023 global air cargo markets indicating the...This reflects a fourth consecutive month of strengthening demand for air cargo.
Most of the capacity growth continues to be attributable to the rise in belly capacity.
Boost investment to avert ‘decade of wasted opportunity’: World Bank
Global growth is set to slow from an estimated 2.6 percent in 2023 to 2.4 percent this year, 0.75 percentage...Growth in advanced economies is expected to slow to just 1.2% this year, while emerging market and developing economies should see growth ease slightly to 3.9%.
After seeing reasonable growth in 2023, the United States and China -- the world's two largest economies -- are both likely to slow in the year ahead, the World Bank said.
Nakilat expands its fleet
The Qatari firm placed orders for 6 carriers with HSHI.Upon delivery, Nakilat's LNG fleet will expand to 71 vessels, and the LPG fleet will grow to eight vessels with the addition of the four new vessels.
The orders include two cutting-edge LNG carriers with a cargo capacity of 174,000 cum each and four modern Very Large LPG/ Ammonia Gas carriers.
SEC, Emaar Economic City sign agreements
RIYADH, SAUDI ARABIA - The Saudi Electricity Company (SEC) and its subsidiary National Electricity Transmission (NET) have signed here two...The two agreements aim to deliver electrical service to the second and third phases of KAEC projects.
These aim to provide electrical energy for major projects related to achieving the goals of the Kingdom’s Vision 2030.
ByteDance to sell gaming arm
It is in talks with buyers including tech giant Tencent.The discussions would see the firm sell Nuverse, a video game publisher that is a subsidiary of ByteDance
Nuverse was once viewed by the firm as a vital component in its bid to catch up with Tencent
