Top U.S. stock indices drop for third consecutive day on Wednesday
The S&P 500 dropped for a fourth consecutive session on Wednesday, as Nvidia and other struggling technology names put downward...Business
Tehran, Baghdad to launch maritime passenger transport line
TEHRAN, IRAN – Iran and Iraq will launch the first maritime passenger transport line within the next two months, an...Business Geostrategy Tourism
GSK to buy Aiolos Bio
The focus is on an asthma medication still at the testing stage.The acquisition hands GSK access to AIO-001, a long-acting antibody which is ready to enter Phase II clinical development for the treatment of adults with asthma
AIO-001 was exclusively licensed to Aiolos outside of China by Jiangsu Hengrui Pharmaceuticals, which initially developed the asthma treatment
EVA Air orders 33 Airbus planes
The deal could be worth as much as $8.5 billion.The 33 planes ordered include 18 long-range A350-1000 planes and 15 single-aisle A321neo models
The wide-bodied A350-1000 type can seat up to 410 passengers and travel up to 18,000 kilometers non-stop
Tokyo’s Nikkei climbs to its highest level since Mar 1990
Tokyo, Japan - Tokyo stocks closed higher on Tuesday on the back of gains in US tech stocks, pushing the Nikkei...The benchmark Nikkei 225 index climbed 1.16 percent, or 385.76 points, to end at 33,763.18
In Tokyo trading, chip-linked shares were higher with Advantest surging 6.04 percent to 4,945 yen
Mubadala lists dollar, dirham bonds
This is Mubadala's seventh listing of a green debt instrument on ADX.The listings on ADX included Mubadala’s highly oversubscribed debut Green Bond and Mubadala’s inaugural dirham-denominated bond.
The listing of Mubadala’s green bond marks the seventh listing of a green debt instrument on ADX.
Air cargo demand up 8.3 percent in November 2023, says IATA
GENEVA, SWITZERLAND - The International Air Transport Association (IATA) released data for November 2023 global air cargo markets indicating the...This reflects a fourth consecutive month of strengthening demand for air cargo.
Most of the capacity growth continues to be attributable to the rise in belly capacity.
Boost investment to avert ‘decade of wasted opportunity’: World Bank
Global growth is set to slow from an estimated 2.6 percent in 2023 to 2.4 percent this year, 0.75 percentage...Growth in advanced economies is expected to slow to just 1.2% this year, while emerging market and developing economies should see growth ease slightly to 3.9%.
After seeing reasonable growth in 2023, the United States and China -- the world's two largest economies -- are both likely to slow in the year ahead, the World Bank said.
Nakilat expands its fleet
The Qatari firm placed orders for 6 carriers with HSHI.Upon delivery, Nakilat's LNG fleet will expand to 71 vessels, and the LPG fleet will grow to eight vessels with the addition of the four new vessels.
The orders include two cutting-edge LNG carriers with a cargo capacity of 174,000 cum each and four modern Very Large LPG/ Ammonia Gas carriers.
SEC, Emaar Economic City sign agreements Â
RIYADH, SAUDI ARABIA - The Saudi Electricity Company (SEC) and its subsidiary National Electricity Transmission (NET) have signed here two...The two agreements aim to deliver electrical service to the second and third phases of KAEC projects.
These aim to provide electrical energy for major projects related to achieving the goals of the Kingdom’s Vision 2030.
ByteDance to sell gaming arm
It is in talks with buyers including tech giant Tencent.The discussions would see the firm sell Nuverse, a video game publisher that is a subsidiary of ByteDance
Nuverse was once viewed by the firm as a vital component in its bid to catch up with Tencent
CES gadget fest a showcase for AI-infused lifestyle
The annual Consumer Electronics Show gathering boasts more than 3,500 exhibitors and is expecting some 130,000 visitors. Companies big and...CES exhibitor and attendee numbers have jumped each year since the Covid-19 pandemic caused it to be an online-only event in 2021
While the show is increasingly a showcase for startups, big brands such as Amazon, Google, Intel, Netflix, Samsung, SonY will also be there