Apple’s changes contradicts European rules, 34 firms complain
Brussels, Belgium - Changes Apple is making to its services in the European Union "make a mockery" of new antitrust rules...Business Economy Global Tech & Media
Energy-related global CO2 emissions hit record levels in 2023, says IEA
PARIS, FRANCE – Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous years...Business Energy Global
Twitter working on AI despite Musk call for global pause: report
Musk has bought thousands of powerful, costly computing processors and hired AI engineering talent, Insider reported, while another tech-focused outlet,...The Insider report came less than two weeks after Twitter boss Elon Musk joined experts in signing a letter calling for a hiatus in the development of AI
Generative AI could also be put to work as a search or advertising tool, but it remained unclear what Musk intended its purpose to be at Twitter, the report said
e&’s board declares dividend
The dividend for H2 of 2022 will be at AED 0.4 per share.The chairman said the group's core businesses have posted solid performance even as mergers and acquisitons have contributed to the company's success
The consolidated revenue at $14.26 billion and a record net profit of $2.72 billion strengthened the company's financial performance during the year
IMF chief economist warns inflation could remain high until 2025
Washington, United States--The underlying drivers of historically-high global inflation could persist until 2025, the International Monetary Fund's chief economist told AFP...Following the fast reopening of the global economy after the Covid pandemic, prices around the world have risen exponentially
Inflation in many countries in the world has remained well above the two percent target, despite central banks raising interest rates
Boeing delivers 130 aircraft in Q1
It edged out its rival Airbus by just three aircraft.In order to reach its target of 720 units for the year, Airbus needs to picke up the pace in order to go past the 661 number in 2022
In mid-March Boeing restarted deliveries of its long-haul 787, which were temporarily halted at the end of February by the Federal Aviation Administration
Move over Pegasus, new Israeli spyware comes along to target journalists, politicians
Spyware like Pegasus has been widely used by governments and other actors to spy on opponents, media and activists. The...The spyware and related exploit or hacking software was created by the little-known firm QuaDream Ltd
Citizen Lab, which studies the abuse of digital technologies, said it identified five people targeted by QuaDream
Saudi Arabia’s Infath to hold 11 more public auctions in April
Riyadh, Saudi Arabia - Saudi Arabia's Attribution and Liquidation Center (Infath) will hold 11 public auctions, both physical and online,...Auctions start with 25 real estate in the Riyadh region in the Roshan, South Arrow and Ezz.
A total of 36 real estate properties in Jeddah and 24 such properties in Dammam will also be auctioned.
Middle East and Africa to see fastest AI spending growth in 2022-26: IDC
Dubai, UAE – Spending on artificial intelligence in the Middle East and Africa (MEA) — including Israel — will reach...While the spending on AI will reach $3 billion in 2023, it will hit about $6.4 billion in 2026.
Banking, retail, and federal/central government will be the MEA region's biggest spenders on AI in 2023.
Saudi Amiantit Q1 profit $0.5m
The net profit was down 78% compared to the previous quarter.The revenue increased by more than 65 percent year-on-year to 197 million riyals from 119 million riyals in Q1 2022.
The company’s accumulated losses reached 33% of share capital due to “applying the international accounting standards and the lack of liquidity in general.
Twitter ad ‘to fall’ 28% in 2023
Major advertisers suspended Twitter activity after Musk took over.In January 14 of the top 30 advertisers on Twitter stopped advertising on the platform since Musk took charge on October 27.
Musk's leadership has also cooled Twitter's remaining users, with Insider Intelligence forecasting a two minute drop in time spent on the platform to 34 minutes per day.
Tesla sued over workers’ alleged access to car video imagery
Tesla employees "circulated recordings of Tesla customers in private and embarrassing situations, without their consent," courtesy of sophisticated camera systems...San Francisco resident filed the suit in federal court, in the wake of a Reuters report citing former Tesla staff who said video or pictures had been accessed from people's cars
Cameras in vehicles captured "highly-invasive videos and images" which were used for "the tasteless and tortious entertainment" of Tesla employees, the suit maintained
