Its green bond program hits $2.75 billion.

San Francisco, United States - OpenAI CEO Sam Altman on Monday said the company behind ChatGPT would continue to be run as a nonprofit, as it abandoned a highly contested plan to turn into a for-profit organization. The issue had become a serious point of contention for the artificial intelligence...

Bangkok, Thailand -- Massive planned US duties on solar panels made in Southeast Asia could be a chance for the region to ramp up its own long-stalled energy transition, experts say. Earlier this month, Washington announced plans for hefty duties on solar panels made in Cambodia, Vietnam, Thailand and Malaysia....

A fall in by-products sales leads to profit dip.

The company's net profit was $66m in Q1 2024

The Group's revenue increased 8 percent YoY.

Doha, Qatar -- The Trump Organization signed on Wednesday its first development deal in Qatar to build a golf course and residential villas near the capital Doha, real estate firm Qatari Diar said. Eric Trump, executive vice president of the Trump Organization and the US president's son, attended the signing...

The total dividend paid to shareholders in 2024 $1.3bn.

Boeing had pushed back the first delivery to 2026 from 2025.

San Francisco, United States -- Social media behemoth Meta unveiled its first standalone AI assistant app on Tuesday as it tries to take on ChatGPT by giving users a direct path to its generative artificial intelligence models. "A billion people are using Meta AI across our apps now, so we...

Project Kuiper, a subsidiary of the online retail giant founded by Jeff Bezos, is playing catch-up with Starlink - SpaceX's sprawling network of internet satellites that has reshaped the sector and handed Musk significant geopolitical clout.

The two companies will establish a joint venture company.

Washington, United States -- After delaying an earlier attempt due to bad weather, Amazon is preparing to launch its first batch of Project Kuiper internet satellites on Monday, stepping into direct competition with Elon Musk's Starlink. The mission, called Kuiper Atlas 1, is scheduled to lift off from Cape Canaveral...

A321LR features First Suite - a private, enclosed space with a sliding door.

Dubai, UAE - Gen Z travellers in the UAE are reshaping the future of tourism, prioritizing cultural immersion, sustainability, and digital convenience, according to new research by Wyndham Hotels & Resorts. The study, conducted by YouGov, found that nearly two-thirds (63%) of Gen Z respondents prefer accommodations that reflect local...

The Group reported a revenue of $5.12 billion.

Shanghai, China -- At the huge Auto Shanghai industry show this week, the chatter was less about powerful engines and more about cutting-edge technology and passenger comfort. Hundreds of carmakers and equipment supplies have filled the exhibition space since Wednesday, showcasing models packed with screens, massage seats and other add-ons...

Even if they don't all acknowledge it so openly, firms in many different sectors are stockpiling their products in the United States. In March, exports of Swiss watches to the United States jumped nearly 14 percent compared to the same month last year.

Voels, Austria -- At a laboratory in Austria's mountainous Tyrol province, scientists are DNA testing about 100 honey samples a month to learn about their composition -- and in some cases to determine whether they have been adulterated. With fake honey flooding markets, and only a few European laboratories running...

The generator, known as a range extender, is connected to the cars' batteries and feeds them only when needed. Since it is not connected to the wheels, the vehicles, known as EREVs, always run in 100% electric mode even though they consume petrol and emit toxic gases.

its assets increased by 20.08 percent to $43.65bn.

Dubai, UAE: The Arabian Travel Market, which will take place from Apr 28 to May 1 at the Dubai World Trade Centre, will bring together professionals and leaders from all travel sectors and verticals including leisure, business events (MICE), luxury and corporate travel sectors. At a press conference, RX Global,...

Shanghai, China -- Once blithely dominant in China, European automakers are now launching full-fledged charm offensives at consumers in the world's largest car market, seeking to claw back sales lost to domestic rivals. At this week's Auto Shanghai, the largest global industry show of its kind, foreign firms -- in...

Last year, it announced 9,000 job cuts worldwide.

New York, United States -- Boeing's CEO confirmed Wednesday that China had stopped accepting new aircraft due to the US-China trade war, as the company's shares surged following a smaller than expected loss. In a televised interview with CNBC, Boeing Chief Executive Kelly Ortberg said Chinese customers had "stopped taking...

10 of these being acquired for its flydaeal low-cost airline

Q1 2025 net profit before tax increased 18% YoY.

The bank's profit crossed AED 1bn mark for the first time.

The $10.55 bn sale includes portions of digital aviation solutions business.

Washington, United States -- Global shipping giant DHL will "temporarily" suspend the shipping of parcels worth more than $800 from businesses to individuals in the United States as of Monday, the company said, citing delays in US customs clearances. "As a result of recent US Customs regulatory updates, we are...

China on Monday hit out at other countries making trade deals with the United States at Beijing's expense, promising countermeasures against those who "appease" Washington in the blistering tariff war.

Paris, France -- If "Andor" -- which returns from Tuesday for its second and final season -- has been received as one of the very best "Star Wars" TV series, that is largely thanks to the grittier, more adult approach taken by its creator Tony Gilroy. That standpoint -- far,...

New York, United States -- Commercial plane prices, already lifted in recent years due to pandemic supply chain shocks, are poised to climb further as Boeing and Airbus are buffeted by trade tariffs. "Compared with 2018, prices for commercial jets have risen by around 30 percent," an aviation expert told...

Washington, United States - A US judge on Thursday ruled that Google illegally wielded monopoly power in the online ad technology market, in a legal blow that could rattle the tech giant's revenue engine. The federal government and more than a dozen US states filed the antitrust suit against Alphabet-owned...

Its net revenue for the quarter soared nearly 42%.

The GCC’s luxury hospitality sector has become a global benchmark, yet behind every polished facade lies an increasingly complex financial reality. Costs are rising, investor expectations are shifting, and technological disruption continues to redefine both guest expectations and operational models. At the heart of this transformation is a simple but...

Paris, France -- Meta will start using public posts and comments by its European users to train generative artificial intelligence (AI) models from May 27, unless users opt out of the data-mining project. Meta, the owner of Facebook, Instagram and Threads, said earlier this week that it would develop its...

Riyadh, Saudi Arabia -- Total bank credit granted to the public and private sectors in Saudi Arabia reached its highest level at over SAR 3.042 trillion by the end of February 2025, according to the monthly statistical bulletin issued by the Saudi Central Bank (SAMA) for that month. This marks...

Nvidia on Tuesday notified regulators that it expects a $5.5 billion hit this quarter due to a new US licensing requirement on the primary chip it can legally sell in China.

Fakse, Denmark -- They have names, faces and email addresses, but the five new colleagues at Denmark's Royal Unibrew only exist in the virtual realm, which the brewer hails as a milestone to unleash the full potential of its staff. "What we as humans are good at is our creativity,...

Paris, France -- French group Hermes overtook LVMH as the world's most valuable luxury company on Tuesday after shares in the Louis Vuitton maker tumbled following weaker-than-expected quarterly sales. The market capitalization of Hermes reached 248.6 billion euros ($280.5 billion) at the close of trading in Paris, topping LVMH's 244.4...

Muscat, Oman -- Travel and tourism sector's contribution to the Gulf's GDP by the end of 2024 reached approximately 11.4 percent, with a value of $247.1 billion. The latest data released by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat) indicated that the growth rate...

Ajman, UAE --  Real estate transactions in Ajman reached AED 2.06 billion ($560 million) in March 2025, marking a significant increase of over 41 percent compared to the same period in 2024. Omar bin Omair Al Muhairi, Director-General of the Ajman's Department of Land and Real Estate Regulation, said the...

Riyadh, Saudi Arabia -- The Communications, Space, and Technology Commission (CST) has said that the Saudi space economy reached $8.7 billion last year, including all value-added activities and industries from space technologies and services. The size of the space market reached $1.9 billion, according to the KSA Space Market 2025...

Washington, United States -- The Trump administration has exempted a raft of consumer electronics from its punishing import tariffs -- offering relief to US tech firms and partially dialling down a trade war with China. A notice late Friday by the US Customs and Border Protection office said smartphones, laptops,...

Ireland's data protection watchdog, acting on behalf of the European Union, launched an inquiry Friday into the use of personal data by Elon Musk's platform X to train its AI chatbot, Grok.

London, United Kingdom -- Why do investors flock to gold when economic times turn tough? As the precious metal reaches record highs AFP explains why it remains such a trusted lifeline. The trading turmoil unleashed by US President Donald Trump's tariffs has triggered a record run for gold, widely viewed...

The opening in Riyadh comes with Tesla sales dropping.

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

San Francisco, United States -- Artificial intelligence giant OpenAI has filed counterclaims against multi-billionaire Elon Musk, accusing its former co-founder of waging a "relentless campaign" to damage the organization after it achieved success without him. In legal documents filed Wednesday in northern California's federal court, OpenAI alleges Musk became hostile...