Nigeria refinery aims to be world’s biggest with expansion
Lagos, Nigeria -- Nigeria's Dangote oil refinery, already the largest in Africa, aims to become the biggest in the world...Business Energy Geostrategy
Trump’s granddaughter launches clothing brand from White House
Washington, United States - US President Donald Trump's granddaughter has unveiled a clothing brand bearing her name, with promotional photos...Don Jr.'s daughter stood near the 79-year-old Republican on Friday wearing one of her brand's pullovers, as he answered reporters' questions outside the White House
"This is Kai, by the way," he told the Washington press corps, introducing his 18-year-old granddaughter who had given a short speech at last year's Republican National Convention
Turkish Airlines inks big Boeing deal after Erdogan visits US
Istanbul, Turkey -- Turkish Airlines announced on Friday a deal to buy up to 225 Boeing jets, one day after...Erdogan-Trump meet raised Ankara's hopes of seeing Washington lift sanctions that since 2020 have blocked it from buying American F-35 fighter jets.
The measures were imposed in retaliation for Turkey's purchase of the Russian S-400 missile defense system.
Bosch to cut 13,000 jobs
This is a blow to Germany's ailing car sector.The cuts, all of which will take place in Germany, represent about 10 percent of Bosch's total workforce in the country.
Bosch said the layoffs were needed to help make annual savings of 2.5 billion euros ($2.9 billion) in the group's automotive unit.
UAE raises $299 million in Islamic Treasury Sukuk auction
Abu Dhabi, UAE — The UAE Ministry of Finance (MoF), in collaboration with the Central Bank of the UAE, has...The auction underscores growing demand for UAE’s dirham-denominated sukuk, reflecting robust investor confidence in its credit and economic outlook.
With tight spreads over US Treasuries, the sukuk issuance demonstrates competitive pricing while advancing the UAE’s local debt market development.
Aldar ups stake in Aldar Estates
Acquires Modon Holding’s 17.45% stakeAldar Estates has become the region’s largest integrated real estate services company with over AED3 billion worth of active contracts.
The platform manages more than 155,000 residential units, which is a 15 percent increase in the past two years.
The next chapter in branded residences: A deep dive with top experts
Experts predict continued growth, with developers increasingly seeking partnerships for brand prestige, service excellence, and higher premiums.Branded residences have grown by a staggering 180 percent globally over the past decade, reaching a total of 1,746 schemes, with 779 completed projects and 967 in the pipeline.
Hotel brands account for 79 percent of the sector globally, whereof approximately two-thirds are positioned within the luxury segment.
Americans would dominate board of new TikTok US entity: W.House
A deal for the Chinese parent company of popular video-sharing app TikTok to sell its US operations would see the...The United States has forcefully sought to take TikTok's US operations out of the hands of Chinese parent company ByteDance for national security reasons
Under President Donald Trump's predecessor Joe Biden, the US Congress passed a law to force ByteDance to sell its US operations or face a ban of the app
Top music body says AI firms guilty of ‘willful’ copyright theft
Paris, France -- AI companies have sucked up the world's entire music catalogue and are guilty of "willful, commercial-scale copyright...AI music generators such as Suno and Udio can produce tracks with voices, melodies and musical styles that echo those of original artists such as the Beatles and Mariah Carey.
The Recording Industry Association of America, a US trade group, filed a lawsuit in June 2024 against both companies.
Stocks rise on $5 billion Nvidia-Intel deal, Fed rate cut
Nvidia announced a $5 billion investment in struggling US rival to jointly develop chips for PCs and data centers. The...Investors were also reacting to Wednesday's US central bank decision to lower rates by 25 basis points, its first cut of the year.
The decision to cut came even as US inflation runs well above policymakers' two-percent target, but analysts said the main focus was on the jobs market.
Trump says US, China ‘have a deal’ on TikTok
"We have a deal on TikTok, I've reached a deal with China, I'm going to speak to President Xi (Jinping)...The deal was negotiated over two days of talks in Madrid between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng.
A US federal law requiring TikTok's sale or ban on national security grounds was due to take effect the day before Trump's inauguration on January 20.
