- Brussels, Belgium - Bank customers will soon be able to transfer money across Europe within seconds after the EU adopted a...
Under the new rules, people in Europe will be able to transfer money within 10 seconds at any time of the day, including outside business hours
The law is expected to enter into force formally by April, and banks in the eurozone single currency area must allow instant payments within 18 months of that date
- TOKYO, JAPAN – Japan's Moon lander has produced another surprise by waking up after the two-week lunar night, the country's space...
The unmanned Smart Lander for Investigating Moon (SLIM) touched down last month at a wonky angle that left its solar panels facing the wrong way.
As the sun's angle shifted, it came back to life for two days and carried out scientific observations, Japan Aerospace Exploration Agency (JAXA) said.
- ABU DHABI, UAE – Emirates Development Bank (EDB) has unveiled its 2023 results, showcasing an extraordinary year of achievements and...
EDB’s flexible financing solutions and patient debt approach have significantly bolstered industrial growth.
EDB has approved $353 million in financing under the Credit Guarantee Scheme with partner banks in UAE.
- Barcelona, Spain - Smartphone makers are packing their latest devices with flashy new artificial intelligence tools such as real-time voice translation...
The focus on AI comes amid sluggish smartphones sales as consumers are taking longer to upgrade their devices due to a lack of significant innovations.
Global smartphone shipments declined 3.2 percent to 1.17 billion units in 2023, its second consecutive yearly decline.
- Speaking on the first day of MC13, WTO Director-General Ngozi Okonjo-Iweala highlighted a need to "reform the multilateral trading system"...
The WTO is hoping for progress, particularly on fishing, agriculture and electronic commerce during the meeting scheduled to run until Thursday in Abu Dhabi.
But big deals are unlikely as the body's rules require full consensus among all 164 member states -- a tall order in the current climate.
- BEIJING, CHINA – The China National Offshore Oil Corporation (CNOOC) has announced the recent discovery of the largest metamorphic rock...
The Bohai 26-6 oilfield is situated approximately 170 kilometers from Tianjin Municipality.
It has been anticipated that the average daily oil production will surpass 390 cubic meters.
- The two firms have signed a $1 billion private credit deal.
The partnership will be managed by Private Credit at Goldman Sachs Alternatives, with a dedicated team across multiple Asia Pacific markets.
This mandate will enable both firms to continue scaling their investment activity in the large and growing Asia Pacific credit market.
- The merger will create a powerful entertainment giant.
The report of the deal comes as billionaire tycoon Mukesh Ambani readies to host Disney chief Robert Iger on March 1 for his son's wedding
The deal is expected to see the media unit of Reliance and its affiliates hold at least a 61% stake in the merged entity, with Disney holding the rest
- The US aluminum producer will buy Alumina for US$2.2bn.
Alcoa will offer 0.02854 of its own stock for each Alumina share, a 13 percent premium to the Australian group's Friday closing price
Alumina shareholders would own 31.25 percent and Alcoa shareholders would own 68.75 percent of the combined company




















