Asian markets swing as traders assess latest tariffs volley
Asian markets were mixed Wednesday after President Donald Trump broadened his tariff threats, while traders were also assessing the geopolitical...Business
Saudi Arabia’s inflation rate 2 percent in Jan, rental prices main driver
Riyadh, Saudi Arabia -- Saudi Arabia's annual inflation rate in Jan 2025 reached 2 percent compared to January 2024, the...Business Economy
Cisco to cut thousands of jobs
Nearly 5% of its workforce will be hit by the cuts.According to several experts, job cuts can become a new trend for Silicon Valley in a big pivot to artificial intelligence
It posted a revenue of $12.8bn in the quarter ending in late January, down 6% from the same quarter a year earlier
Strengthen emotional security to thwart cyberattacks
While love, loneliness, and excitement are easily exploitable emotions, any factor impacting someone’s emotional state can make them a target....Social engineering exploits individual vulnerabilities, using human nature to gain the unauthorized access.
Heightened emotions, such as those around Valentine’s Day, can make individuals more susceptible to cyberattacks.
Global LNG demand to rise more than 50 percent by 2040: Shell
"Demand for natural gas has already peaked in some regions but continues to rise globally, with LNG demand expected to...Steve Hill, executive vice president for Shell Energy, said China was likely to dominate LNG demand growth in the current decade
Industry and many governments argue that LNG is a "bridge fuel" between coal and renewables such as wind and solar
UAE economy posts best growth rates in comparison to others: IMF official
Dubai, UAE-- The UAE's economy has recorded the best growth rates in comparison to other economies in the region, according...The IMF official said the country's non-oil sector has significantly contributed to the country's economic resilience
He said the UAE's diversification strategy has played a vital role in boosting the efficiency of the private sector
Higher prices boost Coca-Cola sales despite Middle East hit
Chief Executive James Quincey described consumers in North America as "holding up well," although he acknowledged "a little softening" through...Revenues for the soda giant rose seven percent from the year-ago level to $10.9 billion, reflecting a two percent rise in volumes and nine percent increase in price/mix
The ongoing conflict in the Middle East dented volume growth by about one point in the fourth quarter, said Chief Financial Officer John Murphy
Sony hikes net profit forecast
It now predicts full-year net profit to touch US$6.1 billion.The conglomerate now predicts full-year net profit of $6.1 billion
Sony also announced it would spin off its financial services division
CFOs at forefront of ESG integration in businesses
"The CFO's role as an ESG guardian and promoter varies significantly across organizations. CFOs with limited ESG experience should deepen...Integration of ESG into finance sectors highlights the evolving expectations from CFOs.
In-house research shows 89 percent of CFOs rate communication as the most vital skill.
Boeing expects Q1 hit from MAX troubles
The airline backs intensified oversight from the FAA.The company said it will support oversight from the Federal Aviation Administration after a near-catastrophic Alaska Airlines incident
The Federal Aviation Administration grounded more than 170 MAX 9 planes for about three weeks. after the Alaska Airlines emergency
UAE leads global charge in generative AI adoption
With 40 percent of UAE workers already exploring generative AI, the nation stands as a beacon of tech adoption, far...With 40 percent of UAE workers already exploring generative AI, the nation stands as a beacon of tech adoption, far surpassing the global average, say a report.
AI and machine learning are viewed by UAE tech leaders as pivotal for reaching short-term objectives, outpacing the perceived utility of the metaverse, it adds.
EU excuses Apple and Microsoft products from tougher tech curbs
Brussels, Belgium - Apple's iMessage and Microsoft's Bing search engine got a reprieve from tougher EU rules curbing how tech titans..."We thank the Commission for agreeing with us that iMessage should not be designated under the DMA (Digital Markets Act)," an Apple spokesperson said
The EU has built a powerful legal arsenal to take on the internet giants, including the DMA and its sister milestone law, the Digital Services Act (DSA)
