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BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.
  • Internal strife diminishes Israel’s regional clout

    With a prolonged internal conflict anticipated and both the military and economy showing signs of strain, Israel's regional standing is...

    With a prolonged internal conflict anticipated and both the military and economy showing signs of strain, Israel's regional standing is being affected, say experts

    As Israelis gear up to celebrate the Jewish New Year on September 15, indications hint it won't be a joyous occasion unless internal unity is reestablished, they add

  • GCC Secretary General praises DCO role in digital transformation of Saudi economy

    RIYADH, SAUDI ARABIA –  Secretary General of the Gulf Cooperation Council (GCC)Jassem Mohamed Albudaiwi visited the Digital Cooperation Organization (DCO)...

    DCO plays an important role in e-development and helps in enabling countries to keep pace with the rapid growth of the digital economy.

    The GCC Secretary General stressed on the importance of digital cooperation between the regional organization and the DCO.

  • Iran targets $30bn in annual trade with Turkey: Amirabdollahian

    Tehran, Iran -- Iran and Turkey target $30 billion in annual trade in their endeavor to broaden political and economic...

    Amirabdollahian said they have held extensive negotiations and weighed plans to carry out the agreements reached in the recent meeting between the presidents of the two nations.

    "The transit routes in the region are not a factor of competition, but an element that strengthens relations between Iran and Turkey," he said.

  • Fahd al-Jarallah appointed new Kuwait FM amid economic challenges

    Kuwait City, Kuwait -- Kuwait Sunday announced the appointment of Fahd Abdulaziz al-Jarallah as the new Finance Minister. This decision...

    This decision comes on the heels of the resignation of Manaf Abdulaziz al-Hajri, who held the position since April this year.

    Kuwait, known for its vast oil reserves and robust fiscal stance, has been grappling with political disputes and bureaucratic hurdles.

  • White House race overshadows Biden visit to Florida hurricane zone

    Large trees, broken limbs and tattered signs littered the side of the motorcade route, a testament to the power of...

    DeSantis' office told US media on Friday the security requirements of a presidential visit would cause too much disruption to recovery efforts

    Biden visited the city of Live Oak on Saturday, surveying damage via helicopter before meeting first responders and local officials at an elementary school

  • UK unveils plans for ‘fitting tribute’ to Queen Elizabeth II

    Senior royal, political and other figures and experts are set to be appointed to the committee to develop ideas and...

    The "fitting tribute" to Britain's longest-reigning monarch will be unveiled to coincide with what would have been her 100th birthday

    A newly-formed entity will consider and recommend proposals for the memorial and legacy programme, government department said

  • Tech’s carbon footprint: can AI revolutionize responsibly?

    The planet's 8,000 or so data centers are the foundation of our online existence, and will grow ever further with...

    In 2019, researchers trained several large language models, and found that training a single AI model can emit the CO2 emission equivalent of five cars over their lifetimes.

    Between 2010 and 2018, global data center energy use rose by only 6 percent, despite a 550 percent increase in workloads and computing instances, according to the IEA.

  • Three killed in ethnic protests in Iraq’s Kirkuk

    The curfew was imposed in the evening after rival protests -- between Kurdish residents on one side and Turkmen and...

    Two people were shot in the chest and a third in the head, Ziad Khalaf, director of the local health authority told media

    Those wounded, including Kurds, Arabs and three members of the security forces, were hit by gunfire, stones or glass, said Khalaf

  • Iran receives first batch of Russian combat trainer jets

    According to an Iranian media outlet, a batch of advanced Yak-130 training aircraft flew into the Shahid Babaei Air Base...

    Iran and Russia have ramped up military cooperation in the recent years despite international sanctions

    Many in the West have accused Tehran of supplying Moscow with weapons for use in its war against Kyiv

  • Clashes hit Kurdish-held east Syria after curfew

    BEIRUT, LEBANON - Sporadic clashes took place on Saturday in a Kurdish-held area of eastern Syria, a monitor said, after a...

    "Calm has been relatively restored, as the intensity of fighting has decreased due to the 48-hour curfew," an official said.

    The violence has so far killed 54 people, including six children, said the Syrian Observatory for Human Rights, a Britain-based war monitor.