Billionaire Bezos announces restrictions on Washington Post opinion coverage
Washington, United States - The Washington Post will no longer run views opposed to "personal liberties and free markets" on...Business
Saudi Arabia’s sports fund invests in DAZN streaming service
Paris, France - Saudi Arabian sports investment fund SURJ, linked to the kingdom's sovereign wealth fund, has acquired a minority stake...Business Geostrategy Sports
Airbus profit drops 11 percent
The group plans to deliver "around 800" aircraft in 2024.The group said it had received orders for 2,094 aircraft in 2023, beating a previous record dating back to 2013
Group revenues increased by 11 percent to 65.4 billion euros, with commercial aircraft revenues increasing 15 percent
WSG has ushered in a new decade of positive impact: Hamid Al Zaabi
Dubai, UAE-- The World Governments Summit (WGS) has ushered in a new decade of positive impact, inspiring governments and societies...Al Zaabi said digital transformation has become a reality and threats from the transition affect the economic and social security of countries
He said the anti-money laundering office has enhanced the fight against financial crimes and protects the nation's economic security
ADNOC L&S profit spikes 138%
Its revenue jumped 41% to US$748 million in 2023.The company reported 93% hike in EBITDA to $876 million (AED3,217 million) as all business segments continued to perform strongly
Its board of directors recommended distributing a cash dividend of $130m, equivalent to 6.45 fils per share, for the second half of 2023
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.
