- Muscat, Oman -- The nominal Gross Domestic Product (GDP) of the Gulf Cooperation Council (GCC) countries reached US$587.8 billion by...
The contribution of non-oil activities to the GCC's nominal GDP reached 77.9 percent by the end of the fourth quarter of 2024,
The manufacturing sector contributed 12.5 percent to the GDP, while wholesale and retail trade accounted for 9.9 percent.
- Washington, United States -- The US deadline of August 1 for imposing tariffs on its trading partners is firm and...
After the levies kick in, President Donald Trump -- who was negotiating with European Union officials -- is still willing to keep talking, Commerce Secretary Howard Lutnick said
Britain, Vietnam, Indonesia the Philippines, and Japan have struck deals with the Trump administration ahead of the Friday deadline.
- Policymakers at the independent Federal Reserve have kept the benchmark lending rate steady since the start of the year as...
With Trump's on-again, off-again tariff approach, Fed officials want to see economic data from this summer to gauge how prices are being affected.
When mulling changes to interest rates, the central bank, seeks a balance between reining in inflation and the health of the jobs market.
- Geneva, Switzerland -- The world urgently needs to find a global approach on regulating artificial intelligence, the United Nations' top...
Doreen Bogdan-Martin, head of the UN's International Telecommunications Union (ITU), said regulation was key as concerns rise over fast-moving technology.
Bogdan-Martin, the first woman to serve as ITU secretary-general in the organization's nearly 160-year history, also stressed the need to get more women into the digital space.
- China's Premier Li Qiang warned Saturday that artificial intelligence development must be weighed against the security risks, saying global consensus...
This week US President Donald Trump unveiled an aggressive low-regulation strategy aimed at cementing US dominance in the AI field
Opening the World AI Conference (WAIC) in Shanghai on Saturday, Li emphasised the need for governance and open-source development
- When both governments and international institutions are explicitly warning businesses about geopolitical risks, traditional corporate approaches to navigating international relations...
With rising geopolitical tensions, trade wars, and regulatory divergence, businesses must anticipate and respond to risks that can disrupt operations, and supply chains
From sanctions and cyberattacks to forced market exits, geopolitical events are now causing multi-billion-dollar losses and lasting brand damage — risks too big to ignore
- London, United Kingdom -- New UK age verification measures to prevent children accessing harmful online content came into force on...
Around 6,000 pornography sites have agreed to implement the curbs, according to Melanie Dawes, chief executive of British regulator Ofcom.
Around 500,000 youngsters aged eight to 14 encountered pornography online last month, according to Ofcom.
- Chinese Premier Li Qiang dismissed EU fears over Beijing's allegedly excessive subsidies to its industry, telling the bloc's leaders "we...
Speaking during a roundtable with EU chief Ursula von der Leyen on Thursday, Li insisted that "China is by no means doing what some call a subsidies policy or fiscal subsidies."
"We would not be stupid enough to use the fiscal funds accumulated through the government and the hard work of our people to sell our products to foreign consumers," Li added
- The 25-page "America's AI Action Plan" outlines three aims: accelerating innovation, building infrastructure, and leading internationally on AI. Overall, the...
According to US media reports, Trump was also to announce a series of executive orders to give key components of the plan additional legal weight.
AI "challenges America to build vastly greater energy generation than we have today," the plan said.
- US President Donald Trump announced Tuesday a "massive" trade deal with Japan, cutting a threatened 25-percent tariff to 15 percent...
Trump has vowed to hit dozens of countries with punitive tariffs if they don't strike a deal with the United States by next month
So far, Trump has only announced pacts with Japan, Britain, Vietnam, the Philippines and Indonesia, while talks continue with other trade partners





















