Troubled Boeing faces investors and awaits strike vote
Boeing, the beleaguered aviation giant announces what is expected to be its biggest quarterly loss in four years, and striking...Business
US considering Google breakup following monopoly ruling
The US Department of Justice (DOJ) made recommendations for Google’s search engine business practices on Tuesday, according to US media....Business
Iran-China trade down 11 percent to $8.5 bn in seven months
Tehran, Iran -- The trade exchanges between Iran and China in the first seven months of the current year reached...China’s top exports to Iran are mainly auto-industry related such as motor vehicles, parts and accessories, vehicle bodies (including cabs) and spark ignition engines.
China top imports from Iran are ethylene polymers, refined copper, raw aluminum, Iron ore and acyclic alcohols.
One fourth of all investors in state securities have left Russia: Minister
Moscow, Russia -- One fourth of all investors in state securities have been forced to leave the Russian market due...Russia's Finance Minister Anton Siluanov the government will find ways to replace the investors to create funds required for development of the economy.
Moscow's incursion into Ukraine has made Russia the most sanctioned country in the world. Western nations have regularly increased the sanctions.
GCC top export market for Dubai Chamber of Commerce members
Dubai, UAE -- The Gulf Cooperation Council countries were the top destinations for exports and re-exports of Dubai Chamber of...Saudi Arabia was named the top destination for members' exports, with the total value recording year-over-year growth of more than 15 percent to reach AED35 billion.
Members' exports to Kuwait during H1 2023 were valued at AED12.8 billion, while exports to Qatar grew by 39.3 percent.
Subway to sell for US$9bn
The fast-food chain has some 37,000 outlets across the world.In February, the company said it had hired JPMorgan to advise it on a possible sale, while saying it "remains committed to the future"
A few months back, it unveiled a franchising agreement to open some 4,000 restaurants in mainland China over the next 20 years
Saudi Esports Federation to launch ‘Next World Forum’ in Riyadh
Riyadh, Saudi Arabia--The Saudi Esports Federation will launch the "Next World Forum" on August 30 and 31 in Riyadh, at...Next World Forum will discuss opportunities in the gaming and esports industry valued to be at $170 billion globally
The forum will also hold a discussion on the challenges women are facing in achieving leadership roles in the industry
Saudi smart homes market builds on digitization drive
Saudi Arabia's smart homes market is growing due to government backing, tech advancements, and evolving consumer tastes. As the Kingdom...The Kingdom's smart homes market is being driven by growing affluence of Saudi population, govt emphasis on digitization, and rising popularity of smart home devices.
With the support of govt initiatives and technological advancements, the sector is poised to play an important role in shaping the country's future urban landscape
e& capital invests in Maxbyte
The funding aims to expedite growth by bolstering sales team.Maxbyte is a leading provider of Industry 4.0 solutions with a strong presence in the automotive, defense, utilities, and food and beverage sectors.
It aims to enable smart connected industrial enterprise for flexibility, productivity, predictable revenue and profit growth, as well as sustainability.
Facebook and Instagram users in Europe to have greater viewing control
One of the changes announced by Nick Clegg, Meta's president of global affairs, includes giving European users of Facebook and...Under a landmark EU law, digital giants will be forced to more aggressively police content online to protect users.
Other changes include providing more information about how Meta's artificial intelligence systems rank content on Facebook and Instagram.
Microsoft submits new Activision deal
A previous version of the acquisition deal was blocked.Xbox-owner Microsoft launched a bid for Activision Blizzard early last year, seeking to establish the world's third biggest gaming firm by revenue.
Britain's Competition and Markets Authority said it has "opened a new phase 1 investigation into the restructured deal by Microsoft to buy Activision".
Stocks advance but traders wary of US rates outlook, China concerns
The gains, including a jump in US tech stocks, "looked more like a correction than a reaction to fresh news,...The gains followed a mixed showing on Monday as investors tried to turn the tide of losses that have swept over markets in recent weeks.
Markets globally have struggled this month on the prospect that the US Federal Reserve will hike borrowing costs once more.
