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Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.
  • US, Saudi, India, UAE eye railway accord at G20 summit: report

    New Delhi, India - President Biden, along with the leaders of India, Saudi Arabia, and the United Arab Emirates (UAE),...

    The initiative aims to establish a comprehensive railway network connecting the Gulf and Arab nations while also facilitating connections to India

    The primary objective of this project is to strengthen the US presence and influence in the Middle East, especially as China's role in the region grows

  • Expansion may offer limited economic boost to BRICS

    The anticipated inclusion of six nations into BRICS, including Saudi Arabia and UAE, is expected to ease tensions among them,...

    The anticipated inclusion of six nations into BRICS, including Saudi Arabia and UAE, is expected to ease tensions among them, and foster increased bilateral collaboration

    After expansion, the bloc will represent 30% of global GDP, 45% of the population, control 80% of oil production, and account for 16% of global trade by next year

  • Saudi crown prince says ready for economic partnership with BRICS

    DUBAI, UAE – Saudi Arabian Crown Prince Mohammed bin Salman in a telephonic conversation with Russian President Vladimir Putin has...

    The Russian president and the Saudi crown prince discussed the outlook for BRICS expansion.

    The two leaders reviewed cooperation between the two countries within the OPEC+ agreement framework.

  • Lebanese army blocks entry of 1200 Syrian migrants

    Millions of Syrians have fled abroad since their country's civil war broke out in 2011 following the government's repression of...

    It had announced on August 23 that it turned back 700 Syrians attempting to enter the eastern Mediterranean country irregularly.

    Lebanon, which has been mired in a crippling economic crisis for more than three years, says it hosts nearly two million Syrians.

  • Turkey to showcase market-friendly turn at investment roadshow

    inance Minister Mehmet Simsek told reporters he would then travel to New York and European economic powerhouses Germany and Britain...

    The Merrill Lynch veteran's attempt to talk up his reforms were boosted by a World Bank announcement that it was looking to boost its commitment to Turkey from $17bn to $35bn.

    Turkey suffered a lira crash in 2021 that set prices spiraling by 85% over a year when Erdogan forced the central bank to slash the interest rate far below that of inflation.

  • UN calls for age limits for AI tools in schools

    The UN's education body UNESCO warned that public authorities were not ready to deal with the ethical issues of rolling...

    A UNESCO official said AI can be a tremendous opportunity for human development, but it can also cause harm and prejudice"

    UNESCO guidance said AI tools have the potential to help children with special needs, act as an opponent in "Socratic dialogues"

  • EU asks Turkey to address democracy before membership

    EU chief Charles Michel said last month that the bloc should get ready to admit new members from eastern Europe...

    Ankara secured a pledge from Brussels to resurrect stalled membership negotiations in exchange for lifting its blockade of Sweden's drive to join NATO.

    But Ankara accuses Brussels of never seriously considering membership for what would be the largest majority-Muslim nation of the 27-nation bloc.

  • 2023 likely to be hottest year in human history, says EU climate monitor

    "2023 is the year that climate records were not just broken but smashed," said Mark Maslin, a professor of climatology...

    The average global temperature in June, July and August was 16.77 degrees Celsius (62.19 degrees Fahrenheit), surpassing the previous 2019 record of 16.48C.

    "The three months that we've just had are the warmest in approximately 120,000 years, so effectively human history," C3S deputy director Samantha Burgess told AFP

  • G20 shirking ‘critical’ climate issues: UN climate chief

    The G20, which accounts for about 85 percent of the world's economy and greenhouse gas emissions, will meet in New...

    Simon Stiell, the head of the UN Framework Convention on Climate Change, said technological solutions are within reach to curb the warming that is already showing effects.

    The G20 summit is the next major set of negotiations in a packed calendar of meetings crucial for action on global warming, culminating at the UN COP28 talks in the UAE.

  • Big power disputes cast shadow on Southeast Asia summits

    The 10-member Association of Southeast Asia Nations (ASEAN) was holding separate summits with China, Japan, South Korea, the United States...

    Host Indonesia told an ASEAN leaders' summit on Tuesday that the bloc would not become a proxy for big power competition as US-China tensions continue to flare over Taiwan

    Wednesday's meetings will be more regional in scope before an 18-member East Asia Summit on Thursday to be attended by Russian Foreign Minister Sergei Lavrov