Firms lag as AI-driven fraud surges: Study
The report, published by the Association of Certified Fraud Examiners and analytics firm SAS, highlights widening gaps between rapidly evolving...
Business
Middle East conflict: Trade tensions rise as oil jumps and tariffs shake marketsÂ
Several ports suspended operations in the Middle East after drone strikes. DP World said operations at Jebel Ali port in...
Economy
Economy
China’s central bank cuts two key rates to boost economy
Beijing, China - China's central bank on Monday said it had cut two key interest rates to historic lows, in the...
- The cuts come just days after the country posted its slowest quarterly growth in a year and a half, underlining the deep economic woes the country faces
- Leaders are targeting annual growth of five percent this year, but that goal is being challenged by weak consumption and a prolonged and debilitating debt crisis
Putin thanks UAE president for positive role in prisoner exchange with Ukraine
UAE President Sheikh Mohamed meets his Russian counterpart Vladimir Putin to discuss bilateral ties and Middle East. Sheikh Mohamed will...
- Moscow and Kiev announced that they had swapped 95 prisoners each following negotiations led directly by the UAE
- The UAE and Russia ties have grown closer recently with Putin saying that their bilateral trade had tripled in the past three years to $11.1 billion
Economy
Gold breaks above $2,700 to record high as geopolitical uncertainty heightens
Hong Kong, China - Gold prices hit a record high above $2,700 on Friday as traders piled into the safe-haven commodity...
- Bullion hit an all-time high of $2,704.89 in early Asian trade, up from its previous record of $2,688.83 touched on Thursday
- Markets have been on edge over the crisis in the Middle East as Israel battles Hamas in Gaza and, more recently, Hezbollah in southern Lebanon
‘Starvation tactics’ being used against 25 million people in Sudan
UN experts on Thursday accused the two sides in Sudan's civil war of using "starvation tactics" against 25 million civilians,...
- The world must pay attention to the largest modern famine taking shape in Sudan today, says UN
- Experts say "the volume of aid currently being delivered through this corridor is not enough to meet the population's needs"
Economy
UN report says 1.1 billion people in acute poverty
More than one billion people are living in acute poverty across the globe, a UN Development Program report said Thursday,...
- 455 million live in the shadow of conflict, while 584 million people under 18 were experiencing extreme poverty
- India was the country with the largest number of people in extreme poverty which impacts 234 million of its 1.4 billion population
Economy
Asian markets track Wall Street losses on worries over tech rally
Hong Kong, China- Asian markets mostly fell on Wednesday after a tech-led sell-off on Wall Street fueled by worries about the...
- Chip titan and market darling Nvidia sank more than four percent
- Japan's Nikkei 225 was off more than two percent
Economy
Tech helps Singapore economy top forecasts in third quarter
Singapore's economy grew more than expected in the third quarter as a rush for everything related to artificial intelligence drove...
- The City's economic performance is often seen as a barometer of the global environment
- Healthy rebound in manufacturing sector powered the 4.1 percent year-on-year Q3 growth
Economy
Asia-Pacific markets gain ahead of US inflation data
Asia-Pacific markets traded higher on Thursday, following gains on Wall Street that saw the S&P 500 and Dow Jones Industrial...
- Overnight in the U.S., the S&P 500 rallied 0.71 percent to end at 5,792.04
- The labor market is perhaps stronger than FED officials favoring the 50 basis point move had expected
Economy
Oil prices at risk of further increases due to potential energy disruptions
Crude oil prices soared nearly 9% last week, marking the biggest weekly gain since March 2023, following a significant escalation...
- Israeli officials stated that Israel would target Iran's oil production facilities within Iran
- Iran is one of the top 10 oil producers globally, with production exceeding 3.3m barrels per day
Economy
Crude could spike by US$20 on Iran oil shock
Oil prices could shoot up US$20 per barrel if Iranian production sees a hit resulting from Israeli retaliation, according to...
- ...if Iranian production sees a hit resulting from Israeli retaliation, said Goldman Sachs
- Iran produces almost four million barrels of oil per day, an estimated 4% of the world’s supply.
Firms lag as AI-driven fraud surges: Study
The report, published by the Association of Certified Fraud Examiners and analytics firm SAS, highlights widening gaps between rapidly evolving...
Business
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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,...
Business
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...
Business
China’s chip challenge: the race to match US tech
Beijing, China - China's push to develop top-end artificial intelligence microchips is gaining momentum, but analysts say it will struggle...
Economy
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Economy
AI in an ‘industrial bubble’ but will benefit society: Bezos
Turin, Italy - Artificial intelligence technology is in an "industrial bubble," Amazon founder Jeff Bezos told a tech conference in...
- "Investors don't usually give a team of six people a couple billion dollars with no product... and that's happening today," Bezos told an audience at Tech Week in Turin
- Multiple technologies are in a kind of "golden age," he said, echoing language used by US President Donald Trump. "There's never been a better time to be excited about the future."
Economy
Abu Dhabi GDP grows 3.8% to $83.40bn in Q2 as non-oil sectors hit record
The non-oil economy expanded 6.6 percent year-on-year to AED174.1 billion — the highest quarterly value on record — and accounted...
- Manufacturing remained the largest non-oil contributor at AED30.1 billion, accounting for 9.8 percent of total GDP.
- Finance and insurance activities expanded 10.3 percent to a record AED21.8 billion, reinforcing Abu Dhabi’s position as a regional and global financial center.
Business
Amazon adds AI muscle to connected home lineup
New York, United States - Amazon on Tuesday unveiled the latest generation of connected products, featuring enhanced artificial intelligence capabilities...
- Nearly 20 years after the launch of the Kindle e-reader, the Seattle-based online retail giant now offers a family of connected devices
- The company has already made a major move into AI enhancements with the February launch of Alexa+, an upgraded version of the Alexa voice assistant