We are witnessing the rise of a maturing Web3 world: Nicole Valentine
The world has known the Middle East for its oil. But a new fuel is taking the main stage: knowledge,...
Interview
Startups need more than funding: they need an ecosystem
Drew Propson, Head of Technology and Innovation in Financial Services at the World Economic Forum, explains how sustainable growth, AI...
Interview
Investigation
AI-powered ‘nudify’ apps fuel deadly wave of digital blackmail
Washington, United States - After a Kentucky teenager died by suicide this year, his parents discovered he had received threatening...
- The tragedy underscores how so-called sextortion scams targeting children are growing around the world, particularly with the rapid proliferation of "nudify" apps
- Elijah Heacock, 16, was just one of thousands of American minors targeted by such digital blackmail, which has spurred calls for more action from tech platforms
Research
Trump to unveil investments to power AI boom
Washington, United States - US President Donald Trump heads to Pennsylvania on Tuesday to announce energy and infrastructure deals intended...
- Trump will make the announcement at the inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University
- The tech world has fully embraced generative AI as the next wave of technology, but fears are growing that its massive electricity needs cannot be met by current infrastructure
Economy
Macron calls on EU to ‘defend European interests’ in US tariff talks
French President Emmanuel Macron on Saturday condemned US President Donald Trump's threat to impose 30-percent tariffs on the European Union,...
- US President Donald Trump on Saturday warned that Mexico and the EU would be slapped with 30-percent tariffs starting on August 1
- Expressing France's "very strong disapproval" of the announcement, Macron called on the bloc to "step up the preparation of credible countermeasures
Economy
UAE, Germany launch joint business council to strengthen economic ties
Berlin, Germany - Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Special Envoy to the...
- The event brought together more than 150 prominent business leaders from both countries and formed part of the official visit of Dr. Al Jaber to Germany
- The establishment of the UAE-Germany Business Council reflects the strong and long-standing economic partnership between the two nations
Economy
Demand for crude will continue to expand through 2050, says OPEC
In its latest annual report on the outlook for oil demand, OPEC sees global oil demand rising by 18.6 percent...
- That rising demand will be "driven by expanding economic growth, rising populations, increasing urbanization, and the new energy-intensive industries like AI.
- The IEA said last month that it expects global oil demand begin to decline in 2030, driven by the rise of electric cars and the shift away from crude to produce power.
Economy
Israel’s Bedouin communities use solar energy to stake claim to land
Tirabin al-Sana in Israel's Negev desert is the home of the Tirabin (also spelled Tarabin) Bedouin tribe, who signed a...
- Tirabin al-Sana in Israel's Negev desert is the home of the Tirabin Bedouin tribe, who signed a contract with an Israeli solar energy company to build the installation
- The deal has helped provide jobs for the community as well as promote cleaner, cheaper energy for the country, as the power produced is pumped into the national grid
Business
Nvidia tops $4 trillion as US stocks shrug off latest tariffs
After Congress gave Trump a big win last week with his fiscal package, the Republican's aggressive trade posture has returned...
- But stocks pushed higher nonetheless, with Nvidia jumping 2.5 percent to top $4 trillion in market capitalization on investor bullishness over Artificial Intelligence (AI) growth.
- Briefing.com analyst Patrick O'Hare said investors are not "overly concerned" about Trump's latest tariff threats.
Geostrategy
Trump says ‘no extensions’ to Aug 1 tariff deadline
While Trump imposed a sweeping 10 percent tariff on goods from almost all trading partners in April, higher rates customized...
- On Monday night, Trump had told reporters at a dinner that the August 1 deadline was "firm, but not 100 percent firm."
- Pressed on whether the letters were his final offer, Trump replied: "I would say final -- but if they call with a different offer, and I like it, then we'll do it."
Geostrategy
Trump warns of 10% additional tariff for countries aligning with BRICS’ policies
BRICS leaders on Sunday described Trump's stop-start tariff wars as "indiscriminate", damaging, and illegal, drawing a quick rebuke from the...
- The 11-nation grouping -- which also includes US allies Brazil, Saudi Arabia, and Indonesia -- is concluding a two-day summit in Rio de Janeiro.
- BRICS members account for about half the world's population and 40 percent of global economic output.
Economy
US tariffs to kick in Aug 1 barring trade deals: Treasury Secretary
Washington, United States -- US tariffs will kick in on August 1 if trading partners from Taiwan to the European...
- The tariffs were part of a broader announcement in April where Trump imposed a 10 percent duty on goods from almost all trading partners.
- Countries have been pushing to strike deals that would help them avoid these elevated duties.
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We are witnessing the rise of a maturing Web3 world: Nicole Valentine
The world has known the Middle East for its oil. But a new fuel is taking the main stage: knowledge,...
Interview
Company News
Latest News
G20 summit opens in South Africa without Trump
The Johannesburg gathering is being attended by a host of world leaders including French President Emmanuel Macron, Indian Prime Minister...
Geostrategy
China’s consumer prices rose in Oct, reversing stagnation
Beijing has struggled to maintain a strong economic recovery from the pandemic, as it fights a debt crisis in its...
Economy
UAE company inks $22 mn deal for stake in Latakia container terminal
Dubai, United Arab Emirates - AD Ports Group of the United Arab Emirates (UAE) signed a $22 million agreement Thursday...
Economy
Most Read
Economy
Bahrain: Financial pioneer of the Gulf
In the post-digital world, Bahrain’s center of activity, the city of Manama, has stiff yet healthy competition from the GCC...
- Today, Bahrain is reinventing its economy through focusing heavily on Fintech Innovation, developing data centers with partners such as Amazon Web Services
- The pioneer of conventional banking in the region in 1970s has been robustly supporting Shariah-compliant financial instruments amid the Fourth Industrial Revolution
Economy
Qatar warns will cut gas supply to Europe over EU’s green rules
Qatar's energy minister on Monday warned the Gulf state would halt its supply of liquefied natural gas to Europe over...
- The Corporate Sustainability Due Diligence Directive (CSDDD) requires large companies to fix the "adverse human rights and environmental impacts" of their supply chains worldwide
- The law was backed by a broad coalition of European politicians including the left and the greens as well as centrists, including some centre-right lawmakers
Business
OpenAI signs $38 bn infrastructure deal with cloud giant AWS
Under the seven-year agreement, OpenAI, which is partly owned by AWS's archrival Microsoft, will gain access to computing resources including...
- The deal will also give access to tens of millions of more conventional CPUs that will be used for the everyday deployment of so-called agentic AI.
- OpenAI will immediately begin utilizing AWS computing, with all capacity targeted to be used before the end of 2026, and the ability to expand further in the coming years.