DHL to stop global shipments worth over $800 to US consumers
Washington, United States -- Global shipping giant DHL will "temporarily" suspend the shipping of parcels worth more than $800 from...Business
Tariffs could lift Boeing and Airbus plane prices even higher
New York, United States -- Commercial plane prices, already lifted in recent years due to pandemic supply chain shocks, are...Business
Fit at 40: the revolutionary Apple Mac in numbers
Paris, France - Forty years ago Steve Jobs revolutionised personal computing by launching the Apple Macintosh, the first PC with a...The first Mac came with 128 kilobytes of memory space, one million times less than top-of-the-line MacBooks today
Apple paid a whopping $800,000 ($2.5 million in today's money) to air the one-minute ad, seen by 77.6 million TV viewers
Do Kwon’s Terraform Labs files for US bankruptcy
Kwon, who co-founded Terraform in 2018, was arrested last year in Montenegro and is awaiting extradition to the United States...Kwon faces fraud charges in both countries related to the crash
According to the filing, Kwon holds 92 percent of Terraform's shares
SABIC to build petrochemical plant in China
The Saudi giant will develop the US$6.4bn plant in Fujian.SABIC will own 51% of the project and Fujian Fuhua Gulei Petrochemical Co. Ltd. will have 49% ownership of the joint venture
The company said that the complex will consist of a mixed feed steam cracker with an annual ethylene capacity of up to 1.8m tons
Sony ends merger deal with Zee
It pulled out of the US$10bn merger of its Indian operations.According to media reports, Sony had sent a termination notice to Zee and that a formal announcement was expected soon
The reports said that Sony cited conditions of the merger agreement not being met as the reason for the decision
Qatar Chamber discusses ways to boost ties with Korean companies
Doha, Qatar--The Qatar Chamber (QC) discussed ways to enhance cooperation and exchange expertise with Korean companies in agriculture and food...The discussion between the chambers and Hyundai Research Institute (HRI) centered upon ramping up ties in the agriculture sector
A chamber official emphasized the status of Qatar as a leading investment destination and how it can become a hub for food security
GCC at the forefront of 2024 sukuk market expansion
This year, emerging markets, led by the UAE, issued record bonds against declining yields and expected rate cuts by major...This year, emerging markets, led by the UAE, issued record bonds against declining yields and expected rate cuts by major central banks.
According to Kamco Invest, this surge is driven by a combination of factors including geopolitical tensions and evolving economic challenges.
Quiet and not-so-quiet luxury at Paris Fashion Week
PARIS, FRANCE - The Paris Fashion Week menswear shows draw to a close on Sunday. Here are some of the highlights...Celebrity presence has always been a big part of the fashion game, with sporting tie-ups playing an increasingly big role.
New York label KidSuper scored big by convincing Brazilian footballer Ronaldinho to walk the catwalk.
UAE foreign investment projects second highest in world: UNCTAD
Abu Dhabi, UAE -- The UAE recorded the second-highest increase in the number of new foreign investment projects around the...The number of these projects increased by 28 percent compared to 2022, said the UNCTAD report entitled “Investment Trends Monitor”.
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, emphasized that the UAE is benefiting from the forward-looking vision of its leadership.
ArcelorMittal wants ‘amicable solution’ on Italy steelworks
ROME, ITALY - ArcelorMittal has offered to sell its stake or become a minority shareholder in an Italian steelworks after Rome...Italy considers the steelworks a strategic asset, but it has long been plagued by financial problems and environmental concerns.
Talks with ArcelorMittal, which owns a 62-percent stake, had broken down over how to keep production going.
Saudi GACA issues air carrier, airport classifications for December 2023
RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) issued its monthly classification index for air transport service...Flynas had the fewest complaints among airlines, 42 per 100,000 travelers and a complaint resolution rate of 100 percent.
SAUDIA Airlines came second, with 61 complaints per 100,000 travelers and a resolution rate of 99 percent.
