Anthropic hit with class-action lawsuit over copyright infringement
Anthropic, the Amazon-backed artificial intelligence startup, on Monday, was hit with a class-action lawsuit in California federal court over alleged...Business
Apple makes changes to App Store after EU warning
From the autumn, Apple said developers in the EU "can communicate and promote offers for purchases" wherever they want, for...Business
MENA ups cybersecurity ante to combat GenAI risks
With GenAI emerging as a new frontier for cyber threats, and stricter data privacy laws coming into effect, organizations are...With GenAI emerging as a new frontier for cyber threats, and stricter data privacy laws coming into effect, organizations are investing heavily to safeguard their futures.
A surge is seen in security and risk management spending, highlighting critical need for robust cybersecurity measures and a proactive approach to manage digital risks.
Lloyds Group profit is $6.2bn
High interest rates benefitted the British lender and banking sector as a whole."The group delivered a robust financial performance in 2023, meeting our guidance," said chief executive Charlie Nunn
Banks in the UK and elsewhere are gaining from higher interest rates as central banks, including the Bank of England
Asian markets up, Tokyo hits record as US tech earnings jump
Hong Kong, China - Asian markets rose on Thursday, with Tokyo's benchmark index posting a record high after greater-than-expected earnings from...Highly anticipated earnings results from Nvidia beat expectations late Wednesday, with the firm reporting a quarterly profit of $12.3 billion
Hong Kong, Shanghai and Seoul stocks closed higher, and markets in Taipei, Bangkok, Manila and Wellington were also up
Rolls-Royce back into profit
The engine maker swung to profit of $3bn from a loss of $1.64bn in 2022.Shares in Rolls soared almost ten percent in afternoon trading, topping London's benchmark FTSE 100 index
Its share price more than trebled last year but at the end of 2023 it was still only up 6.5 percent over the previous five years.
Vietjet to buy 20 A330-900 planes
The company signed MoU with Airbus for the widebody aircraft.Vietjet signed MoU with Airbus for the widebody aircraft, which will replace its current fleet of leased A330-300 planes, Airbus said in a statement
At list prices, the Vietjet order would be worth $5.9 billion, but customers usually get a discount when making bulk aircraft orders
Nestle net profits up 20.9%
Sales grew 7.2% in value terms, fell 0.3% in volume.Nestle said turnover fell as a rising Swiss franc and a slight fall in sales volumes balanced out higher prices
The maker of Nespresso, Maggi seasonings, and the Smarties range of sweets said turnover fell 1.5 percent
Qantas half-year profits slide
Its net profit dropped 13.2% to US$570 million.Qantas said its net profit dropped 13.2 percent year-on-year to US$570 million in the six months to December 31
The airline said travel demand was strong, led by the leisure sector but with business travel now approaching pre-Covid-19 levels
Doha Insurance net profit up
The profit jumped to US$41.40m in 2023.Its earnings per share for the year ending December 31, 2023 stood at QR0.30, up from QR0.21 for the same period in the previous year
The board of directors announced its intention to propose a cash dividend distribution to the General Assembly in the upcoming meeting
Nvidia profit soars to US$12.3bn
The company's revenue spiked to US$22.1bn.The chip titan posted profit of $12.3 billion on record revenue of $22.1 billion in the quarter than ended late January
Its shares jumped nearly eight percent to $732.99 in after-market trade, following the release of the earnings results
Korea’s H2O sets up base in Abu Dhabi
It will collaborate with Abu Dhabi Investment Office.The move is indicative of deepening economic ties between South Korea and Abu Dhabi with a focus on innovation and technology
The company's headquarters in Abu Dhabi Global Market (ADGM) will drive the next phase of its international growth out of Abu Dhabi