TSMC says started mass production of ‘most advanced’ 2nm chips
Taipei, Taiwan -- Taiwanese tech titan TSMC has started mass producing its cutting-edge 2-nanometre semiconductor chips, the company said in...
Business
Kuwait signs $4.1 billion deal with China to build port
Kuwait City, Kuwait -- Kuwait has signed a deal worth $4.1 billion with China to complete the construction of a...
Business
Economy
US Fed expected to look beyond Trump win and cut rates again
The labor market has remained resilient, despite a sharp hiring slowdown last month due to adverse weather conditions and a...
- Fed policymakers are expected to focus instead on the health of the US economy
- Their favored inflation gauge eased to 2.1 percent in the 12 months to September
Business
AI-Driven technologies drive operational excellence, helping meet sustainability goals
Industrial AI and digital technologies are revolutionizing energy infrastructure, helping companies across asset-intensive sectors achieve operational excellence
- The rising costs of conventional energy provide a strong argument for investing in energy efficiency
- Carbon capture is a definitive decarbonization solution, although requiring substantial capital and energy to operate
Business
Altegio in UAE market to local boost digital transformation
Unlike other automation platforms that redirect customers to third-party websites, Altegio keeps booking processes within the client’s own ecosystem.
- Altegio’s platform offers over 30 specialized tools that streamline operations across marketing, sales, finance, and team management
- Founded in 2022 by a group of international entrepreneurs, Altegio has rapidly grown to serve over 10,000 businesses across 89 countries
Business
Global VC investment falls to lowest level in nearly seven years
Global VC investment fell from a five-quarter high of US$95.5 billion in Q2'24 to a nearly seven-year low of US$70.1...
- Global VC investment drops from US$95.5 billion to US$70.1 billion quarter-over-quarter
- AI accounts for six of ten largest VC deals globally in Q3'24
Business
Troubled Boeing faces investors and awaits strike vote
Boeing, the beleaguered aviation giant announces what is expected to be its biggest quarterly loss in four years, and striking...
- Analysts estimate a loss of US$6.1 billion, its biggest since the fourth quarter of 2020
- On October 15, Boeing announced it plans to raise up to US$25 billion to navigate the period
Science
Microsoft unveils autonomous AI agents for business tasks
San Francisco, United States - Microsoft on Monday said it was enhancing its AI offerings with new autonomous agent capabilities as...
- AI agents are specialized programs designed to perform routine tasks autonomously, such as sifting through sales leads or handling customer service inquiries
- The AI agent has become the newest buzzword for major software companies that are investing billions in powerful AI models, which they believe will shape the future of computing
Business
Netflix adds millions of subscribers but growth slows
San Francisco, United States - Netflix on Thursday said it added more than five million subscribers in the recently ended quarter...
- The streaming juggernaut said it ended September with 282.7 million subscribers, reporting a profit of $2.4 billion
- Netflix shares rose nearly five percent to $720.75 in after-market trades, trading at slightly more than double the price from a year earlier
Boeing to cut 10% of workforce
The company has projected a large third-quarter loss.
- The aviation giant must "reset our workforce levels to align with our financial reality," Chief Executive Kelly Ortberg said
- The company announced a series of belt-tightening measures and production delays in the wake of the nearly monthlong strike of 33,000 workers
Business
Riyadh Season 2024 signs sponsorship agreements with local, global partners
Riyadh, Saudi Arabia-- A signing ceremony for Riyadh Season 2024 sponsorships was held on Thursday at Via Riyadh. General Entertainment...
- Riyadh Season provided a sponsorship worth SAR2 million to the Association of Saving Food
- It is a major opportunity for companies to achieve maximum exposure in global and local markets
Business
US considering Google breakup following monopoly ruling
The US Department of Justice (DOJ) made recommendations for Google’s search engine business practices on Tuesday, according to US media....
- Structural remedies that would prevent Google from using products such as Chrome, Play, and Android
- Google will likely appeal, drawing out the process potentially for years
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
TSMC says started mass production of ‘most advanced’ 2nm chips
Taipei, Taiwan -- Taiwanese tech titan TSMC has started mass producing its cutting-edge 2-nanometre semiconductor chips, the company said in...
Business
Company News
Latest News
Emirates NBD H1 profit $3.40bn
Business
Trump, Intel announce deal giving US a 10% stake in chipmaker
Chipmaker Intel has agreed to give the US government a 10-percent stake in its business, the company and President Donald...
Business
‘Hell is Us’ looks to break mould of big-budget gaming
Paris, France - Developer Jonathan Jacques-Belletete has taken a gamble on forthcoming game "Hell is Us", hoping to ape the...
Business
Boeing in talks to sell up to 500 planes to China: Bloomberg
New York, United States -- US aviation giant Boeing is in talks to sell up to 500 aircraft to Chinese...
Business
Most Read
Business
Turkish Airlines says offer to buy stake in Spain’s Air Europa accepted
Turkish Airlines on Tuesday said Air Europa had accepted its 300-million-euro ($350 million) offer to purchase a minority stake in...
- In a statement to the Istanbul Stock Exchange regulator (KAP), the Turkish flag carrier said "the binding offer submitted has been accepted by Air Europa."
- "The minority shareholding ratio to be acquired will be finalised following technical and financial adjustments to be made at the closing," it said.
Business
Google and Australia’s national newswire strike AI deal
Sydney, Australia - Australia's national newswire has agreed to provide content to Google's Gemini artificial intelligence to improve its responses,...
- The deal would help deliver real-time information to "enhance" responses in the Gemini app, said Nic Hopkins, Google's head of news partnerships for Australia and New Zealand
- Australian Associated Press, which was established 90 years ago, said its journalism would ensure timeliness and accuracy in the information Google's products provide
Business
Big-ticket events boost international tourism and economic growth
Dubai, UAE -- ‘Big-ticket’ events are playing a pivotal role in driving international tourism and accelerating economic growth, according to...
- In the GCC alone, the event and exhibition market is expected to reach US$827 million by 2029.
- Global business travel reached a record US$1.4 trillion in 2024 and is projected to rise to US$2 trillion by 2030.