Building futuristic sustainable urban cities starts from the underground up
Underground innovation, digitization, and AI are vital for sustainable, inclusive, and resilient future cities, says Sam Wiffen, director and founder...
Interview
Risks are interconnected, need collaborative solutions, says WEF’s Mark Elsner
Davos, Switzerland – Mark Elsner, Head, Global Risks Initiative, World Economic Forum sat with TRENDS during WEF’s summit in Davos...
World Economic Forum
Geostrategy
Residents of Gaza lament suspension of UN agency funding
Gazans lamented the suspension of funding to the UN agency for Palestinian refugees by several donor countries after Israel charged...
- Several countries, including the United States, France, Britain, Germany and Japan, have announced the suspension of further funding to the agency.
- In Rafah, where 1.5 million displaced people have taken refuge, Gazans said that the support they received from the agency amounted to a lifeline.
Geostrategy
UN chief calls for continuity in aid as battle rages in Gaza
Heavy fighting raged in Gaza amid a row over the UN agency for Palestinian refugees that has called its future...
- The Israeli army said special forces were continuing to engage in "intensive battles" in Gaza's main southern city of Khan Yunis.
- UNRWA said it had fired several employees over Israel's accusations of its staff
Geostrategy
Australia, Canada stop UN agency funding after Israeli allegations
Australia and Canada have suspended their funding to the UN agency for Palestinian refugees, after Israel accused several employees of...
- "We are speaking with partners and will temporarily pause disbursement of recent funding," Australian Foreign Minister wrote on social media platform X.
- Canada's International Development Minister announced that Ottawa had “temporarily paused any additional funding to UNRWA”.
Business
UAE plans to issue bonds, Sukuk valued at $1.3bn in Q1 2024, says official
HONG KONG - UAE Ministry of Finance Undersecretary Younis Haji Al Khoori announced that the ministry's issuance of bonds and...
- The Islamic Treasury Sukuk launched in 2023 and valued at US$299 million experienced robust demand, with bids received worth US$2.2 billion.
- The UAE is Hong Kong's largest trading partner in Middle East, with non-oil trade reaching $6 billion (AED22.2 billion) in the first half of 2022.
Geostrategy
Yemen-based Houthis fire missiles at ships in Red Sea, says US
Yemen's Iran-backed Houthi rebels fired three missiles at two merchant ships in the Red Sea in their latest attack in...
- One missile missed its target and a US Navy destroyer shot down the other two, National Security Council spokesman John Kirby said.
- The continuing Houthi action "means we're obviously still going to have to do what we have to do to protect that shipping," he said.
Geostrategy
EU plans measures to protect sensitive technology from China
The European Union unveiled plans to strengthen the bloc's economic security including measures to protect sensitive technology from falling into...
- The fallout from the war in Ukraine hit Europe particularly hard, forcing the bloc to find alternative energy sources.
- Now, it wants to avoid a similar over-reliance on China, which dominates in green technology production and critical raw materials.
Business
Dubai wins right to host 349 business event in 2023
DUBAI, UAE - Dubai consolidated its status as a central hub for international business events in 2023, with the city...
- Driven by Dubai Business Events, the wins reflected a robust 49 percent increase in successful bids compared to 2022.
- DBE brought a citywide offering to the global market that resonated with the core needs of the business events industry.
Business
Imane Ayissi brings African tradition to Paris couture
PARIS, FRANCE - Imane Ayissi is on a mission to put authentic African textiles in the spotlight but faces an uphill...
- Ayissi in 2020 became the first designer from sub-Saharan Africa at haute couture week and seeks to resurrect more traditional fabrics like rafia.
- Such fabrics are drawn from local trees and plants, that were used before the African market was flooded with imports during the colonial period.
Business
Mac computers could reach new glory due to AI
SAN FRANCISCO, US - Forty years after igniting a PC revolution, Apple's Mac is stronger than ever and could reach new...
- Macs became the preferred choice for Apple fans along with artists, film makers and other creative professionals.
- Apple has been making inroads in business, getting help from iPhone lovers using their smartphones for work.
Business
Tata Group retains IPL sponsorship rights for record $300m
New Delhi, India - Corporate behemoth Tata Group has again been awarded title sponsorship rights of the Indian Premier League for...
- Tata Group already holds the title sponsorship for the IPL and its sister competition, the Women's Premier League, which staged its first tournament last year
- The IPL attracts cricket's top international stars with bumper salaries, and features 10 sides competing in the sport's hugely popular Twenty20 format
Building futuristic sustainable urban cities starts from the underground up
Underground innovation, digitization, and AI are vital for sustainable, inclusive, and resilient future cities, says Sam Wiffen, director and founder...
Interview
Company News
EGA to acquire Leichtmetall
Business
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Masdar to buy stake in Terra-Gen
Business
OPEC Fund provides US$50m loan to support agriculture in quake-hit Türkiye
VIENNA, AUSTRIA – The OPEC Fund for International Development (OPEC Fund) is extending a US$50 million loan to Türkiye to...
Geostrategy
Iraqi PM to visit Washington for troop talks
Washington, US – President Joe Biden will welcome Iraq's prime minister on April 15 for talks on the US troop presence,...
Geostrategy
US, Israel hold talks as Gaza truce plan fails at UN
Israel plans to send troops into Gaza's Rafah even without US support, Prime Minister Benjamin Netanyahu told Antony Blinken, as...
Geostrategy
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Business
Lamborghini sales up in 2023
The deliveries sped up 9.5 percent to 10,112 vehicles.
- 2023 was the best year ever recorded," the brand said in a press release, with sales up 12.1 percent to US$2.9 billion
- Operating profit reached $785 million, up 17.8 percent, with operating margins widening to 27.2 percent, said Lamborghini
Business
EGA to acquire Leichtmetall
EGA is to buy 100 percent of firm from Leichtmetall Holding.
- The transaction is expected to close during the first half of 2024, subject to obtaining regulatory approvals.
- Leichtmetall’s production mainly consists of hard alloy billets up to 1,150 millimetres in diameter
Business
Russia not in danger of trading oil at a loss, says Lavrov
MOSCOW, RUSSIA – Russia does not see the risk of trading oil at a loss due to the redistribution of...
- Lavrov expressed confidence that Moscow is not frightened of relying on countries that will buy Russian oil and gas.
- OPEC+ regulates the market and prices in an equitable manner, taking into account the interests of consumers, the minister said.