WTO pushes for reform, warns multilateralism ‘under attack’
Speaking on the first day of MC13, WTO Director-General Ngozi Okonjo-Iweala highlighted a need to "reform the multilateral trading system"...Business
Commercial vehicle sales in China soar 79.6% in January
Beijing, China--China's commercial vehicle sales soared 79.6 percent year on year to 324,000 units in January, according to industry data.Specifically,...Business
UAE Innovates Month: 19 Dubai Customs innovations win awards
Dubai, UAE--The number of innovations at Dubai Customs have been significantly increasing, as shown by the department's Innovation League, which...Nineteen of the innovations won team awards, three at the department level and one champion of the Innovation League.
Innovation League is Innovation Centre's leading initiative to stimulate and encourage competition between departments and employees to develop more innovations.
Google’s immersive Street View could be glimpse of metaverse
There was not yet talk of online life moving to virtual worlds when a "far-fetched" musing by Google co-founder Larry...The internet behemoth is introducing an "immersive view" that fuses Street View images with artificial intelligence to create "a rich, digital model of the world
Facebook renamed its parent company to Meta last year to emphasize its virtual reality vision, and opened Horizon World virtual reality platform to the North American public
US raids properties of sanctioned Russian billionaire: media
Federal agents and local police officers were spotted carrying boxes after they left an apartment in Manhattan's lavish Park Avenue...Authorities are also searching a property on Miami's Fisher Island believed to be linked to Vekselberg, NBC reported
Vekselberg is the head of the Renova Group, a Moscow-based conglomerate, and one of several wealthy Russians who have been targeted by sanctions
Starbucks names outgoing Reckitt leader as next CEO
Narasimhan, who was most recently chief executive of Anglo-Dutch multinational Reckitt, will relocate to Seattle from London and join Starbucks...The transition comes as Starbucks navigates a burgeoning US unionization push following a difficult stretch for workers during Covid-19
Neil Saunders, analyst at GlobalData Retail, said the appointment was a "good move" in light of Narasimhan's record in overseas markets
Twitter starts trial of edit option after months of speculation
The trial of "Edit Tweet" will begin with internal employees, then be expanded out to the platform's "Twitter Blue" subscription...Tesla Chief Executive Elon Musk, who is locked in a lawsuit with Twitter, had backed an edit button
A Twitter spokesperson said the test will not necessarily be employed universally on the platform
Saudi economy pins hope on female entrepreneurs
Saudi women, who had begun with small projects, are now creating startups and setting up factories, highlighting drastic change in...Saudi women have achieved exceptional success through entrepreneurship, particularly with the change in the business environment.
The goals of Vision 2030 are not limited to increasing entrepreneurship but also increasing women's participation in economic fields.
Work begins on world’s first model of green steam cracking unit
Riyadh, Saudi Arabia--SABIC, BASF and Linde have begun work on the construction of the world's first model of an electrically...The new technology relies on the use of electricity from renewable sources instead of natural gas, which can reduce carbon emissions of the process by 90 percent.
The fully electric heating unit will be integrated into one of the existing steam crackers at BASF's Verbund site in Ludwigshafen, Germany.
ADNOC’s first shipment of low-carbon ammonia leaves for Germany
Abu Dhabi, UAE: Abu Dhabi National Oil Company (ADNOC) announced on Thursday that its first shipment of low-carbon ammonia has...The demonstration cargo will be delivered to Aurubis, a leading global provider of non-ferrous metals and one of the largest copper recyclers worldwide.
Aurubis plans to utilise the low-carbon ammonia as a feedstock in its wire rod plant, testing its application as an additional, lower-carbon energy source for industrial use.
Markets volatile, world economy likely to grow 3.2% in 2022
As the world economy struggles to recover from the after-effects of the pandemic, financial markets are more volatile than ever.Global investors need to factor in how demand and supply chains will impact trade around the world
The ongoing stop-and-start recovery from COVID has also disrupted global supply chains, leading to more instability in economies all around the globe
UBS partners with Qatar for green project in Gulf country
Qatar Financial Center Authority and UBS Asset Management will collaborate to set up a green sustainable private markets initiative in...The collaboration intends to develop a joint vision for the initiative with the objective of establishing Qatar as a center for environmentally sustainable investments
To give a boost to the partnership Qatar will make an initial seed investment of up to $500 million
