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Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.

Nobel economist warns of AI dangers amid “amazing possibilities”

Washington, United States - A winner of this year’s Nobel prize in economics warned Monday that artificial intelligence offers "amazing...
  • The remarks from Canadian Peter Howitt, professor emeritus at Brown University in the United States, came amid growing concerns about how AI will impact society and labor market
  • Howitt was one of three economists honored Monday by the Royal Swedish Academy of Sciences for work on how technology drives and affects growth

As Trump mulls imposing additional 100% tariff, China says will ‘fight to the end’ in trade war

China said on Tuesday it was ready to "fight to the end" in a trade war with the United States...
  • "On the matter of tariff wars and trade wars, China's position remains consistent," an unnamed commerce ministry spokesperson said
  • Concerns spiked over the weekend that the trade war between the world's top two economies will worsen after Trump announced extra 100 percent tariffs on all Chinese goods

AI or inequality tipped for economics Nobel

Stockholm, Sweden - The Nobel economics prize wraps up the 2025 season when it is announced on Monday, as experts...
  • Last year it went to Turkish-American Daron Acemoglu and British-Americans Simon Johnson and James Robinson for research into wealth inequality between nations
  • For Micael Dahlen, a professor at the Stockholm School of Economics, it is important to look at the disciplines recognised in previous years

China accuses US of ‘double standards’ over new tariffs threat

Beijing, China -- China accused the United States of "double standards" on Sunday, after President Donald Trump threatened an additional...
  • China said on Friday that it would impose "special port fees" on ships operated by and built in the US, calling it a "defensive action."
  • The US leader also threatened to pull out of a mooted meeting with Xi at the Asia-Pacific Economic Cooperation summit in South Korea.

Trump says no reason to meet Xi, threatens ‘massive’ China tariffs

US President Donald Trump said Friday he no longer feels the need for a summit with Chinese leader Xi Jinping...
  • In a lengthy and unexpected Truth Social post, Trump railed against China imposing export controls on rare earth minerals -- a critical component in modern technology
  • "Some very strange things are happening in China! They are becoming very hostile," Trump said in the post, which he sent as he headed for medical check-up at a military hospital

Silver price hits decades high as gold rush eases

Stock markets, meanwhile, were mixed as traders weighed a slew of issues: massive AI investments, corporate results, US interest rates,...
  • The price of silver topped $50 an ounce for the first time since 1993 in the wake of sister safe-haven gold soaring to record highs.
  • The metal hit $50.1900, while gold retreated after hitting a record above $4,000 an ounce on Wednesday.

Gold tops $4,000 for first time on political, economic worries

New York, United States - Gold topped $4,000 an ounce for the first time Wednesday as investors flocked to the...
  • US and European stock markets rose while Asian equities fell as investors also kept tabs on the AI investment boom and the prospect of further US interest rate cuts this year
  • Gold, considered a safe investment in times of uncertainty, reached an all-time high of nearly $4,060 an ounce Wednesday with silver also rising close to a record high

WTO hikes 2025 trade growth outlook but tariffs to bite in 2026

The WTO raised its forecast for trade volume growth in 2025 to 2.4 percent -- up from 0.9 percent in...
  • In an unusual move, the global trade body has revised its estimates several times this year due to uncertainties surrounding the new tariffs imposed by the Trump administration.
  • Since returning to office in January, Trump has slapped several waves of new tariffs on imports entering the United States.

Tech leaders unite to propel future-critical sectors at GITEX GLOBAL 2025

Dubai, UAE: With capabilities of AI advancing every year, its potential to address challenges once thought unsolvable is rapidly expanding,...
  • The event brings together the world’s most advanced AI and tech enterprises and leaders from 180 countries, from 13-17 Oct at Dubai World Trade Centre.
  • Expand North Star celebrates its 10th edition from 12-15 October at Dubai Harbour.

OpenAI signs multi-billion dollar chip deal with AMD

OpenAI signed a multi-year partnership Monday with chipmaker Advanced Micro Devices as the ChatGPT-maker continues an investment spree to secure...
  • The companies announced the plan to develop AI data centers that the chipmaker said would bring in tens of billions of dollars in new revenue over the next five years
  • AMD's share price surged 35 percent when markets opened on news of the agreement that would see the company deliver six gigawatts worth of chips to the ChatGPT-maker

Non-Human Identities: How Agentic AI is creating a new, unseen frontier in enterprise cybersecurity risk

Adept at grasping context, planning and adaptive problem-solving, the agentic AI execute complex, multi-step processes with minimal human intervention or...

Latest News

IMF says Omicron could slow global growth

According to the economists, Omicron's threat to economy will likely be less severe than the previous waves.

Qatar takes key step to control own airspace

Qatar said on Tuesday that it has been given a preliminary green light by a UN body on a proposal...

G20 ministers set to green light global tax reform

Finance ministers from the G20 richest nations are expected to give the green light Saturday to a historic deal to...

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private...

Saudi Arabia to create 40,000 jobs for its nationals

Job creation is part of Saudi strategy to help residents obtain high-quality jobs The strategy seeks to push more Saudi...

AI or inequality tipped for economics Nobel

Stockholm, Sweden - The Nobel economics prize wraps up the 2025 season when it is announced on Monday, as experts...

China accuses US of ‘double standards’ over new tariffs threat

Beijing, China -- China accused the United States of "double standards" on Sunday, after President Donald Trump threatened an additional...

Trump says no reason to meet Xi, threatens ‘massive’ China tariffs

US President Donald Trump said Friday he no longer feels the need for a summit with Chinese leader Xi Jinping...

Most Read

Gold tops $4,000 for first time on political, economic worries

New York, United States - Gold topped $4,000 an ounce for the first time Wednesday as investors flocked to the...
  • US and European stock markets rose while Asian equities fell as investors also kept tabs on the AI investment boom and the prospect of further US interest rate cuts this year
  • Gold, considered a safe investment in times of uncertainty, reached an all-time high of nearly $4,060 an ounce Wednesday with silver also rising close to a record high

WTO hikes 2025 trade growth outlook but tariffs to bite in 2026

The WTO raised its forecast for trade volume growth in 2025 to 2.4 percent -- up from 0.9 percent in...
  • In an unusual move, the global trade body has revised its estimates several times this year due to uncertainties surrounding the new tariffs imposed by the Trump administration.
  • Since returning to office in January, Trump has slapped several waves of new tariffs on imports entering the United States.

Tech leaders unite to propel future-critical sectors at GITEX GLOBAL 2025

Dubai, UAE: With capabilities of AI advancing every year, its potential to address challenges once thought unsolvable is rapidly expanding,...
  • The event brings together the world’s most advanced AI and tech enterprises and leaders from 180 countries, from 13-17 Oct at Dubai World Trade Centre.
  • Expand North Star celebrates its 10th edition from 12-15 October at Dubai Harbour.