OpenAI reveals new GPT-4o model that is faster and free for all users
OpenAI on Monday launched a new AI model and desktop version of ChatGPT, along with an updated user interface, the...Business
Audi’s sustainable Middle East luxury drive
The Arab countries are experiencing a significant surge in the adoption of electric vehicles (EVs), particularly favoring premium models, says...Business
Mawani reports rise in container handling
The growth aligns with the aims of national logistics strategy.Saudi Arabia's overall ports recorded a 9.01% increase in annual container handling for 2023, reaching 11,380,302 TEU compared to 10,439,620 TEU in 2022
Transshipment containers also experienced an 8.96% increase in volume, with 3,237,490 TEU transshipped in 2023 compared to 2,971,233 TEU in 2022
Disinformation, misinformation hurt global businesses
"These risks are serious because they limit our ability to tackle the big global challenges we are facing. Changes in...Rebuilding trust and fostering global collaboration are essential to address the present challenges.
The role of AI and digital innovation in combating misinformation and boosting productivity.
Google to slash ‘few hundred’ jobs
The internet giant will cut jobs from its global ad team.The jobs will be cut by the company amid a push to use artificial intelligence for efficiency and creativity
The company made no mention of generative AI, which is disrupting many sectors including advertising.
WTO hopes to finalize fishing agreement
GENEVA, SWITZERLAND - The head of the World Trade Organization's fisheries talks voiced optimism on Tuesday about striking an agreement on...The 164 WTO members kicked off a month of negotiations this week at the global trade body's headquarters in Geneva.
The draft text is intended to help members reach agreement on a so-called "clean text" for submission to ministers in Abu Dhabi.
Shell halts Red Sea shipments over attack fears, say report
WASHINGTON, US - British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely, over fears of...The worries of escalation grew after United States and United Kingdom strikes on scores of sites in rebel-held Yemen.
The Houthis have been targeting what they deemed Israeli-linked vessels, but after the strikes, they declared US and British interests "legitimate targets."
Emirates to recruit 5,000 crew members in 2024
DUBAI, UAE – Emirates will hire 5,000 people as it awaits the arrival of its fleet of Airbus A350s. The airline...The airline is inviting fresh graduates with internships or part-time jobs on their résumés.
It is inviting individuals keen to embark on an exciting career travelling the globe. .
Nespresso faces $330 m lawsuit in Switzerland over capsules
Zurich, Switzerland - A French television star and a group of investors are demanding 280 million Swiss francs ($330 million) from...A French television show host Jacques Essebag, who goes by the name Arthur, is leading the suit against the Nestle subsidiary
Nespresso, when contacted by AFP, acknowledged the lawsuit filed by ECC but said it did not comment on ongoing legal proceedings
Counterfeit products cost Europe $13 billion, 200,000 jobs a year
Paris, France - Counterfeit products -- mainly clothes -- cost the European economy 16 billion euros a year and result in...The findings, based on data from 2018 to 2021, show that fakes take the biggest toll on the clothing sector, costing 12 billion euros ($13.1 billion) annually
The bulk of the counterfeiting occurred in just five EU members, with Germany, France, Italy, Spain and Austria accounting for half the yearly losses
Markets drop as Middle East tensions rise, rates cut delayed
While inflation is on a general downward path, there is a worry that it could pop back up anytime, particularly...Equities soared at the end of 2023 as falling inflation saw the Fed indicate that it was preparing to reverse more than a year of hikes to US interest rates
However, January has seen the wind come out of the sails with Fed officials saying they were keen to keep rates elevated for some time
Goldman Sachs profits up 58%
Revenues rose seven percent to $11.3 billion.In the fourth quarter, Goldman Sachs' revenues from equity trading surged 26 percent, while the bank's own holdings in public equities also enjoyed a hefty increase.
Rival financial heavyweight Morgan Stanley reported a 35 percent drop in profits to $1.4 billion on a one percent rise in revenues to $12.9 billion.