Mistral cements AI lead in Europe with cash infusion
Paris, France -- France's Mistral on Tuesday cemented its position as Europe's top AI hope against far larger US and...Business
EU hits Google with $3.47 billion fine despite Trump threats
Brussels, Belgium -- The EU slapped Google with a massive 2.95 billion euro ($3.47 billion) antitrust fine for favoring its...Business
Global bond selloff spreads to Japan, gold hits record high
Wall Street stocks opened mostly higher, with shares in Google parent-company Alphabet shooting up nearly seven percent after winning a...Yields on 30-year Japanese government bonds rose to an all-time high of 3.29 percent on Wednesday, while 20-year yields reached their highest since 1999.
The selloff in Japanese debt mirrors widespread moves in the United States and Europe, with investors spooked over substantial piles of government debt globally.
Borouge to pay $660m H1 dividend
Its net profit for H1 was $474 million.The company also reaffirmed its intention to pay a total dividend of 16.2 fils per share for 2025.
Since its June 2022 IPO, Borouge shareholders have approved $4.24 billion in dividends.
Chinese cluster now world’s top innovation hotspot: UN
Geneva, Switzerland -- Shenzhen-Hong Kong-Guangzhou has overtaken Tokyo-Yokohama to become the world's top cluster for innovation, the United Nations said...The UN's World Intellectual Property Organization (WIPO) said the Chinese cluster had leapfrogged its Japanese rival in its 2025 Global Innovation Index.
The change at the top of the world's 100 leading innovation clusters was down to WIPO broadening the criteria to include VC investments to formulate the annual rankings.
Global passenger demand grows 4% in July: IATA
GENEVA, 31st August 2025 (WAM) -- The International Air Transport Association (IATA) said Sunday that global passenger demand grew by...Total capacity, measured in available seat kilometers (ASK), was up 4.4 percent year-on-year.
Capacity was up 5.8 percent year-on-year, and the load factor was 85.6 percent (-0.4 ppt compared to July 2024).
China manufacturing shrinks in August despite new US trade truce
Beijing, China -- China's factory output ticked up in August but still recorded a fifth straight month of contraction, official...The Purchasing Managers' Index -- a key measure of industrial output -- was 49.4, the National Bureau of Statistics (NBS) said, up slightly from 49.3 in July.
The last time China recorded a figure above 50 -- indicating growth -- was in March.
UAE continues to attract major global companies for new headquarters
Dubai, UAE -- The United Arab Emirates has continued to attract global companies looking to establish regional or global headquarters....This trend is supported by the country's legislative and digital infrastructure, as well as its strategic location.
A report from the Kearney Foundation ranked the UAE second among emerging markets in its "FDI Confidence Index 2025."
New wave: Sea power turned into energy at Los Angeles port
San Pedro, United States -- Floating blue paddles dance on the waves that lap a dock in the Port of Los...Floating paddles on a dock move with the waves, causing hydraulic pistons to push a fluid.
The pressurized fluid then spins a turbine to generate electricity.
ADNOC completes $316 million sale of ADNOC L&S shares
ABU DHABI – Abu Dhabi National Oil Company (ADNOC) has sold a 3 percent stake in its logistics and shipping...The placement of 222 million shares to institutional investors was significantly oversubscribed by seven times within a four-hour accelerated bookbuild.
The transaction, priced at AED 5.25 per share, will increase ADNOC L&S’s free float to 22 percent, a key step toward achieving MSCI index inclusion.
Labubu fans flock to stores after launch of mini dolls
Beijing, China -- A dozen furry dolls strung together on a metal chain dangled from Labubu fan Maki Li's neck...Made by Chinese toymaker Pop Mart, the fanged creatures have taken the world by storm, adorning the handbags of celebrities such as Rihanna and Dua Lipa.
Last month, commerce minister Wang Wentao used the toothy-grinned dolls as an example of "new forms of consumption.
Ajman records real-estate deals worth $381 million in July
Ajman, UAE -- Real estate transactions valued at AED 1.48 billion ($381 million) were recorded in Ajman in July 2025....Commercial properties accounted for the largest share of the total valuation value at AED943 million.
Residential properties amounted t AED198 million, while industrial properties ranked third with a total of AED336 million.
