The Group's revenue increased 8 percent YoY.
San Francisco, United States -- Social media behemoth Meta unveiled its first standalone AI assistant app on Tuesday as it...
Meta is accused of exploiting its dominant position in the market "by asking SIAE to accept an inadequate economic offer,...The Italian Competition Authority said it was probing Meta's "alleged abuse of economic dependence" of the Italian Society of Authors and Publishers.
The alleged unfair practices could prevent musical artists from "reaching the ever-widening category of users who enjoy social platforms," it said.
Products like the hugely successful iPhone meant Apple presided over a "wide-ranging digital ecosystem which is of great importance to...The Federal Cartel Office said it had determined Apple to be a company of "paramount significance for competition across markets'.
Apple joins Amazon, Google parent Alphabet and Meta, the group behind Facebook, in falling under reinforced monitoring.
Dubai, UAE – Jordan’s Ministry of Finance and Central Bank Wednesday said they have completed the issuance of $1.25 billion...The kingdom's finance ministry reduced the coupon rate by 25 basis points from 2022's issue of 7.75 despite the US Federal Reserve raising interest rates seven times since.
Jordanian media reports said the number of subscribers exceeded 230, including some of the largest global investment houses.
The World Trade Organization said 2023 global trade growth would be slightly better than feared, but would remain "subpar", weighed...The forecast was slightly better than feared last October, when the WTO projected 2023 trade growth would be as low as one percent.
The organization's economists also estimated that real global GDP growth at market exchange rates would be 2.4 percent this year.
The annual general meeting of UBS is being held in the St. Jakobshalle indoor arena, famously the stomping ground of...UBS and Credit Suisse shareholders had no say in mega-merger, which was engineered behind closed doors by Swiss government, the central bank and the financial regulators
Credit Suisse shareholders have seen the value of their investment plunge from 12.78 Swiss francs per share in February 2021 to 0.76 francs they will receive in the banks merger
Net Property Income for the period was $55 million.The REIT recorded a 4 percent year-on-year decline in Property Operating Expenses to US$12 million in 2022
Net Property Income increased 15 percent year-on-year, demonstrating the strong market for the REIT’s core assets
- LSG Group is to be sold to private equity group Aurelius.
The airline giant had already sold LSG's European operations activities to Swiss-based Gategroup in 2019.
The Lufthansa group was brought to the brink of bankruptcy when the COVID-19 pandemic saw global air travel grind to a halt.
All eyes are on whether Apple will commit to releasing long-rumored VR or augmented reality (AR) "goggles" at its annual...Apple's approach to the metaverse would likely be different from that of Meta, which has proclaimed it the future of the internet but slowed its substantial investments
Wedbush believes Apple will unveil "Glasses" AR/VR headsets at the developers conference in June, at a price in the vicinity of $2,500, though others say $3,000
Dubai, UAE--Emirates NBD has successfully priced a US$1 billion Senior Unsecured Sustainable Sukuk for Al Rajhi Bank, the world’s largest...Priced at a reoffer yield of 4.774 percent, the sukuk was in heavy demand, attracting orders worth more than $3.75 billion
The bank will use the proceeds from the sukuk to finance and refinance sustainable projects in line with its Sustainable Finance Framework
Paris, France--French energy giant TotalEnergies announced Wednesday an agreement with Iraq on a $10 billion project that had been delayed due...While TotalEnergies will own 45 percent stake, Iraq's Basrah Oil Company will get a 30-percent stake in the project and QatarEnergy will get 25 percent
The French company said that a one-gigawatt solar power plant will be built to supply electricity to the Basra regional grid, with Saudi firm ACWA Power joining the project
