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UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.
  • Trump pledges historic tax cuts, investment growth, oil price action, and Ukraine peace effort at Davos 2025

    The newly inaugurated president remarked that he would “like to meet with President Putin soon” and “get the war ended,”...

    The newly inaugurated president said he would reduce the US corporate tax rate from 21% to 15%, with foreign companies manufacturing goods in the US benefiting directly

    Trump also indicated that lowering oil prices could be a key step towards ending the Ukraine-Russia war, urging Saudi Arabia and OPEC to reduce the cost of oil

  • Workers should have a say in AI implementation, says TUAC general secretary

    Davos, Switzerland -- The transformation seen in the labor market brought about by green transition and new technologies has raised...

    Nilsson said that in the green transition, the new jobs that have been created are of lower quality and workers are less protected.

    AI can reduce discrimination in hiring but the technology itself can be rigged to increase discrimination, she warns.

  • EXCLUSIVE: ILO chief urges action on job gap and reskilling at Davos 2025

    Davos, Switzerland -- The world labor market is nearing the pre-Covid levels but gender gap and other concerns remain, International...

    Houngbo said he saw the unemployment gap between young women and young men to the disadvantage of women.

    The most important thing is that the private and public sectors need to step up investment in reskilling, he said.

  • Nations retreating inward making global cooperation harder, Dr Masood tells TRENDS at Davos

    Davos, Switzerland - The world is grappling with challenges that demand collective action, but rising nationalism and geopolitical tensions are...

    The world faces problems that can only be solved if people and countries come together, Dr. Masood said

    He pointed to US-China tensions as a major barrier to addressing shared global challenges

  • UNRWA: Reconstructing Gaza Strip exceeds agency’s capabilities due to severe damage

    Gaza, Palestine - The United Nations Relief and Works Agency for Palestine Refugees (UNRWA), confirmed today that the reconstruction process...

    UNRWA said that the agency can contribute to rehabilitating the infrastructure in the camps and returning employees to work inside them, and operating their wells.

    The agency emphasized that locating the missing—numbering in the thousands beneath the rubble—requires meticulous planning and the expertise of specialized teams

  • Trump’s second term begins: Highlights Middle East hostage return, promises diplomacy over conflict among top priorities

    Trump vowed to be a “peacemaker and unifier,” citing the Israel-Hamas ceasefire and hostage release as key steps toward peace,...

    "My proudest legacy will be that of a peacemaker and unifier. That’s what I want to be," Trump declared after taking the oath of office

    He highlighted the ceasefire and hostage release agreement between Israel and Hamas as a significant step toward peace

  • Ceasefire begins: Israel, Hamas exchange hostages and prisoners amid fragile hopes for lasting peace

    The 42-day truce's first phase involves prisoner exchanges and hostage releases, but the future remains uncertain as both sides navigate...

    In Gaza, Palestinians returned to homes reduced to rubble, checked on missing relatives, and prepared to bury their dead

    Humanitarian relief efforts also resumed, with more than 600 trucks carrying essential supplies entering the battered enclave

  • Ceasefire agreement between Israel and Hamas goes into effect, marking first steps toward peace

    As the first phase of the ceasefire takes effect, the world watches to see whether this temporary reprieve will be...

    The complex deal consists of three phases, each lasting 42 days, and it will see both sides release prisoners and hostages in exchange for a temporary halt to the violence

    Netanyahu’s warning that Israel retains the right to resume fighting and Hamas’s insistence on a complete Israeli withdrawal and a lasting ceasefire make the road to lasting peace

  • Joint Operations Room set up in Cairo to oversee Gaza ceasefire implementation

    Cairo, Egypt - A joint operations room has been established in Cairo to oversee the implementation of the Gaza Strip...

    The room, comprising representatives from Egypt, Palestine, Qatar, the US, and Israel, aims to ensure collaborative efforts and consistent adherence to the agreement's provisions

    This agreement, the source noted, represents a significant step towards preventing further escalation and fostering long-term stability in the Gaza Strip

  • Israel, Hamas ceasefire begins Sunday, includes hostage deal, phased Israeli withdrawal, more aid for Gaza

    The deal, brokered by the U.S., Egypt, and Qatar, includes Hamas releasing 33 hostages and Israel freeing hundreds of Palestinian...

    The deal includes release of 33 Israeli hostages, including women, children, and the elderly, and, in return, Israel will release hundreds of Palestinian captives

    The deal also allows for a dramatic increase in humanitarian aid to Gaza, with over 500 trucks of food, water, and medical supplies expected to enter the region daily