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Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

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%.
  • Air travel momentum up as countries lift Covid restrictions: IATA

    Air travel recovery was gaining momentum as countries were lifting restrictions, with a sharp 11-percentage-point increase for international tickets sold in recent weeks, according to the International Air Transport Association (IATA). Data released by IATA said that in the period around 8 February (seven-day moving average) the number of tickets...
  • Markets rally on hopes for easing Russia-Ukraine tensions

    While not verified, the claims by Russia provided some much-needed relief for investors, who had grown increasingly fearful of a conflict in Eastern Europe.
  • Intel to acquire Tower Semiconductor

    The acquisition for around $5.4bn part of Intel's IDM 2.0 strategy.
  • Global diesel supplies fall as demand rises in post-pandemic recovery

    Global supplies of diesel are dwindling as refiners struggle to keep pace with rapid post-pandemic demand recovery, exacerbating an acute global energy shortage that has already sent the prices of gas, coal and crude oil soaring. At a time when global central banks are fretting over inflation rates not seen...
  • Qatar to host gas exporters summit as Ukraine crisis simmers

    The US has sought the help of its close ally Qatar in providing emergency supplies if pipelines to Western Europe are cut. Organizers did not immediately confirm whether Russia's President Vladimir Putin would attend the biannual Gas Exporting Countries Forum (GECF) summit on Feb 22.
  • SoftBank Arm sale scrapped

    The company plans public offering of Arm by March 2023.
  • EU joins chips race with 42 bn euro bid to rival Asia

    The production of semiconductors, also known as chips, has become a strategic priority in Europe as well as the United States, after the pandemic choked off supply.
  • Task Force explores options to ban trade with illegal Israeli settlements

    The Brussels-based European Coordination of Committees and Associations for Palestine (ECCP) is an “Inter-Parliamentary Task Force to Promote Palestinian Human Rights,” a trans-Atlantic initiative which brings together North American and European lawmakers to provide a platform for collaboration, knowledge sharing and joint strategies to promote Palestinian human rights. It is...
  • Can’t rescue Europe alone if Russia cuts gas, says Qatar

    Qatar's energy minister told the European Union on Tuesday that his country could not rescue Europe alone if Russia turned off gas supplies amid spiking tensions over Ukraine. But the minister, Saad al-Kaabi, told EU Energy Commissioner Kadri Simson that Qatar was ready to help Europe "in times of need"....
  • High gas prices to hit demand in 2022: International Energy Agency

    IEA said the demand for natural gas is expected to fall sharply in Europe and slow in Asia. Gas demand rebounded last year as the world economy recovered from the Covid pandemic and restrictions were eased, while an unusually cold winter also drove up consumption.
  • Disney takes on OTT platforms with MENA expansion

    Netflix currently rules the roost in the Middle East. Therefore, the Disney+ expansion should be a clarion call for regional OTT platforms.
  • Qatar looks to profit from Europe gas fears over Ukraine

    Qatar ruler Sheikh Tamim bin Hamad Al-Thani has the Ukraine crisis, efforts to engage the hardline Taliban administration in Afghanistan, and backroom talks on reviving a nuclear accord with Iran on the agenda for his White House meeting with US President Joe Biden.
  • Istanbul’s snowed-in airport stirs back to life

    Istanbul Airport closed on Monday for the first time since it took over from the old Ataturk Airport as the global hub of Turkish Airlines in 2019.
  • Covid restrictions hit spending, slowing eurozone growth

    Economic growth in the eurozone slowed sharply in January, a key survey showed Monday, as new coronavirus restrictions hit consumer spending, raising a new obstacle for the region's recovery.
  • Qatar and US talk gas supplies as Russia threatens Ukraine

    Qatar is in talks with the US and other gas exporters to prepare a contingency plan for a possible disruption in gas supplies should Russia decide to invade Ukraine.
  • Google appeals EU fine

    It was fined €2.4-billion for abusing its search engine dominance.
  • Europe showcases work on circular economy at Expo 2020

    An event at the Expo 2020 Dubai showcased Europe's work for the transition to the circular economy and how it brings together stakeholders from across the spectrum.
  • Inflation second on external concern list, worry global CEOs

    As prices have surged, inflation has soared as a worry for global executives, overtaking concerns about Covid-19 disruptions in some regions, according to a survey released Thursday. In a "seismic shift," inflation now ranks second on the list of top external concerns after labor shortages, up from 22nd last year,...
  • World economy at risk as Omicron engulfs Europe

    More than half of people in Europe will likely catch Omicron by March, the WHO has said amid a World Bank warning that it could hamper global economic recovery.
  • World passes 300 million Covid cases as Omicron breaks records

    The virus mutant has spurred the world to record 13.5 million cases in the last week alone -- 64 percent higher than the previous seven days -- the global average of deaths dropped three percent. France's public health authority said Friday that the risk of hospitalisation was about 70 percent...
  • Omicron surge may lead to newer, more dangerous variants: WHO

    A top WHO official has sounded an ominous note of caution, that the soaring infection rates could have the opposite effect. According to him, the Omicron variant of coronavirus could pose a greater threat because of the sheer number of cases.
  • Emirates declared safest airline globally by Hamburg-based JACDEC

    The Hamburg-based Jet Airliner Crash Data Evaluation Centre (JACDEC) has again named Emirates Airline as the world’s safest airline in a survey carried out for Aero International aviation magazine, media reports said. Emirates Airline is the world's largest operator of double-decker Airbus A380s - the largest passenger jet in history. With...
  • Kuwaitis told to avoid European travel over Omicron surge

    Kuwait has called on its citizens to avoid travel to several European countries hit hard by the Omicron coronavirus variant. In a series of statements overnight Sunday, the oil-rich Gulf state also urged  Kuwaitis already there to return home because of the surge in cases on the continent. The foreign ministry...
  • Tunisia rescues 48 illegal migrants at sea

    Tunisian coastguards have rescued 48 illegal migrants trying to reach Europe from neighboring Libya in a makeshift boat.
  • SBA signs pact with Rimini Meeting for cross-cultural exchange

    Prominent world personalities hosted at Rimini Meeting over the years include Pope Francis; Dr. Boutros Boutros-Ghali, former UN Secretary-General
  • Foreign shoppers swarm Turkey after lira crash, rush likely to increase

    Local traders say that the number of foreign shoppers has risen four to fivefold. Turkey's lira has crashed after Erdogan pushed the central bank to slash interest rates in fervently-held belief that this will finally cure Turkey's chronic inflation problem.
  • Israel to ban travel to US over Omicron spread

    Lawmakers from Israel also approved the health ministry recommendation to bar Israelis from travel to France, Ireland, Norway, Spain, Finland, Sweden, and the United Arab Emirates.
  • Rossi appointed Acer Mideast VP

    Michele Montecchio was appointed as Country Manager for the Middle East.
  • Binance may move to Dubai as part of crypto deal

    TRENDS broke this news in October. The agreement will regulate the offering, issuance, listing and trading of encrypted assets of the firm that is based in Seychelles.
  • Iran says nuclear deal ‘within reach’ if West shows goodwill

    Iran's top diplomat said Thursday that an agreement to revive his country's nuclear deal with world powers was "within reach" but that this depended on the goodwill of the West. Foreign Minister Hossein Amir-Abdollahian also said on Twitter that negotiations in Vienna were "proceeding with seriousness" and that the removal...
  • World races to contain new Covid variant

    Fears mounted Saturday that a highly-infectious new coronavirus strain was pushing its way into Europe as the world brought the shutters down to contain the new Omicron variant.
  • Arab countries ban travel from African nations

    The United States and several European countries have taken similar steps, banning travel from at least seven southern African countries. South African Health Minister Joe Phaahla told reporters that he felt some of the reactions to the new Covid-19 variant that was found in South Africa were ‘unjustified.’
  • New Covid-19 variant spooks global markets

    Firms linked to travel were among the worst affected as investors fretted over the possibility of more government-mandated restrictions.
  • Syria eyes visitor resurgence, especially from Europe

    Syria is an important destination for Shiite pilgrims, and has continued to welcome visitors from Iran, Iraq, and Lebanon during the conflict. However, European tourists —a constant before fighting started in 2011 — have not been visiting for a decade.
  • Turkish women fearful after treaty exit

    Turkish women feel more vulnerable and legally unprotected since Turkey withdrew from a convention that activists argued helped deter male violence, according to women's campaign groups.
  • Over 240,000 Lebanon expats register to vote in polls

    Lebanon's diaspora -- estimated to number at least three times the country's 6-million population -- will take part in the vote for the 128-seat parliament, making them a powerful electoral force. In some parts of Europe, volunteers set up registration centers to help compatriots sign up.
  • EU, GCC begin new era in relations

    However, the recent developments show that Europe has shed this energy-supplier image of the Gulf for a more realistic and pragmatic approach to strengthen the strategic partnership between the 27-member bloc and the GCC. In the new positive climate in EU-Gulf ties, talks on the FTA are likely to resume...
  • Lebanon stops 82 people attempting sea crossing to Europe

    Lebanese security forces on Friday said they thwarted an attempt by more than 80 people to illegally cross by sea into Europe from Lebanon. In a statement, the Internal Security Forces said they raided a "tourist resort" in the Qalamoun area of north Lebanon on Thursday after being tipped off....
  • Aleastur, top European metal producer, sets up base in Bahrain

    Aleastur, top European metal producer, has set up first plant for aluminum grain refiners and master alloys production in Bahrain.
  • PIF of Saudi Arabia looks to invest in China

    Public Investment Fund of Saudi Arabia is looking to diversify investments into Chinese companies after having confined its overseas holdings to the US and Europe.
  • Iran agrees to restart talks to revive nuclear deal

    Iran held six rounds of indirect negotiations in Vienna with President Joe Biden's administration on returning to the 2015 deal.
  • Pope urges intervention on Libyan migrant crisis

    Governments must stop returning migrants to "non-secure countries" like Libya, the 84-year-old pontiff said, while prioritizing saving lives in the Mediterranean.
  • European nations strive to cushion energy price hikes

    Price freezes, tax cuts, energy payments or credits, targeted aid... in the face of soaring energy prices European nations are deploying a variety of steps to cushion the blow for consumers.
  • US Iran envoy to hold nuclear talks with European powers

    The agreement between Iran and world powers to find a long-term solution to the now two-decade-old crisis over its controversial nuclear program has been moribund since former US president Donald Trump walked out of the deal in May 2018.
  • Jack Ma’s Europe trip sends Alibaba shares soaring

    Jack Ma’s Ma's presence in Spain was reported by the South China Morning Post, which is owned by Alibaba. The paper said the 57-year-old, who retired from the role of Alibaba's chairman in 2019, was attending a series of business meetings in Europe.
  • DMCC sells a rough 118-carat diamond for record $5.2 million

    Dubai Multi Commodities Centre (DMCC) has sold a 100+ carat rough diamond for $5.218 million (US$ 44,004 per carat) in a record tender hosted at the Dubai Diamond Exchange (DDE). The 118.58-carat type IIa stone was viewed by top diamond trading companies from Asia and Europe at a tender hosted...
  • Egypt and Greece to sign a deal for power interconnection

    Egypt and Greece will sign a preliminary deal to build an electricity interconnection between the two countries in Athens on Thursday, Athens-Macedonia news agency (AMNA) reported.
  • Natural gas market soars to record heights

    Europe's reference Dutch TTF gas price hit 162.12 euros per megawatt hour and UK prices leapt to 407.82 pence per therm in morning deals.
  • Emirates and Qantas extend partnership

    Together, the airlines are making millions of reward seats available for frequent flyers to access more than 100 destinations.
  • Germany: Uncertainty looms as rivals scramble to lead next government

    Preliminary results showed that the center-left Social Democrats had won the largest share of the vote at 25.7 percent. Chancellor Merkel's center-right CDU-CSU bloc garnered 24.1 percent, its worst showing in its seven-decade history.