Business News

Microsoft on Thursday announced a "unified" artificial intelligence (AI) for its Windows 11 platform and four new Surface devices, upping the appeal of its products spruced with the latest technology.

Rupert Murdoch stepped down as the chairman of Fox Corp and News Corp on Thursday, ending a long reign that saw him develop and lead a global media empire.

A startling revelation emerged during an ongoing trial as a senior Google executive testified that the tech giant covertly increased ad prices within its search results, resulting in hikes ranging from 5 per cent to 10 per cent for advertisers.

Dubai International (DXB) has been ranked the most connected airport in the Asia-Pacific and Middle East region.

Zero Carbon Ventures has raised $5 million in seed funding aimed at bringing carbon-reducing technology to the Middle East and North Africa.

The China-headquartered Asian Infrastructure Investment Bank (AIIB) has opened its first operational overseas office in Abu Dhabi.

Dubai is gearing up to welcome heads of state, business leaders and global investors to shape the future of business at the inaugural edition of the Dubai Business Forum.

Flydubai reported a strong summer this year, carrying more than four million passengers between June and mid-September, an increase of 30 per cent compared to the same period in 2022.

Ant Group, a Chinese fintech conglomerate, has reportedly made the strategic decision to divest its $100 million stake in A&T Capital, signalling a significant withdrawal from the cryptocurrency market.

Elon Musk has announced plans to introduce a subscription model for users of social media platform X, formerly known as Twitter, in a bid to tackle "vast armies of bots".

Dubai Health Authority (DHA) will soon launch the Elite Programme to attract citizens to take up jobs in the health sector.

The International Monetary Fund (IMF), the World Bank and Morocco on Monday announced the annual meetings of the two global institutions would proceed in October in Marrakech, despite a recent nearby earthquake left more than 2,900 people dead.

Mustafa Suleyman, one of the co-founders of Google DeepMind, recently shared his perspective on the evolving landscape of artificial intelligence during an interview with MIT Technology Review.

Employers in New York state with four or more employees must adhere to a new regulation mandating the inclusion of salary information or a salary range in all job postings.

Turkish President Recep Tayyip Erdogan met with Tesla CEO Elon Musk in New York City, asking him to establish the carmaker's seventh factory in his country.

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum has announced the UAE achieved exceptional consolidated fiscal performance in 2022, with an annual growth rate of 31.8 per cent in revenues.

China will actively expand the use of geothermal energy as the world's biggest energy consumer seeks to adopt cleaner power sources for heating.

The Sila Community Harbour and Al Fayiyi Island Marina were inaugurated in Al Dhafra Region as part of a series of marina developments by the Department of Municipalities and Transport.

TikTok has been fined 345 million euros ($370 million) for breaching privacy laws regarding the processing of children's personal data in the European Union, its lead regulator in the bloc said on Friday.

WhatsApp's top head on Friday denied a Financial Times report that said the Meta Platforms-owned messaging platform was exploring advertisements as it sought to boost revenue.

The governments of Dubai and Hong Kong have signed an agreement to establish an economic corridor for promoting cross border trading and strengthening cooperation in financial services.

The European Central Bank (ECB) raised its key interest rate to a record high of 4 per cent on Thursday, but with the euro zone economy in the doldrums, signalled this was likely to be its final move in a more than year-long fight against inflation.

Tesla CEO Elon Musk has called for a US "referee" for artificial intelligence after he, Meta Platforms CEO Mark Zuckerberg, Alphabet CEO Sundar Pichai and other tech chiefs met with lawmakers at Capitol Hill to discuss AI regulation.

A former Google executive, Chris Barton, has provided testimony, shedding light on the substantial efforts made by the tech giant to secure default status with mobile carriers.

Dubai Holding has inked a landmark deal with Accor Group's Ennismore and Banyan Tree Group to introduce a unique luxury lifestyle experience in the emirate.

Binance.US, the US affiliate of cryptocurrency giant Binance, has revealed significant organisational changes, including the departure of its Chief Executive Officer and a substantial workforce reduction of over 100 employees, representing approximately one-third of the company's staff.

Sam Bankman-Fried, founder of FTX cryptocurrency exchange, faced a setback on Tuesday as his bid for release from jail to better prepare for his upcoming October 3 trial on fraud charges was denied, according to a court filing.

Apple on Tuesday unveiled a new iPhone 15 with a brighter display and a 48-megapixel camera as well as 100 per cent recycled cobalt in its battery.

Apple's upcoming Wonderlust event is expected to reveal the latest range of iPhones – the 15, 15 Plus, 15 Pro and 15 Pro Max.

Bitcoin has experienced a 3 per cent decline over the past 24 hours, marking its lowest point in three months and triggering a broader downturn in the digital asset market.

Tesla rallied 6 per cent% on Monday after Morgan Stanley said its Dojo supercomputer could power a near $600 billion surge in the electric-car maker's market value by helping speed up its foray into robotaxis and software services.

Representatives from the UAE and the Philippines have met to discuss enhancing trade between the two countries and shared updates on the Comprehensive Economic Partnership Agreement in place between the two nations.

The UAE has adopted a leading digital government strategy that many Indian cities look up to, and a digital collaboration is around the corner.

Meta has initiated the process of introducing cross-platform messaging to its popular application, WhatsApp.

Russia will return to the Black Sea grain deal 'the same day' as Moscow's conditions for export of its own grain and fertilisers to the global markets are met, Foreign Minister Sergei Lavrov told reporters on Sunday.

The Dubai Integrated Economic Zones Authority (DIES) has signed a partnership agreement with the Massachusetts Institute of Technology (MIT) to launch the “Dubai MIT DesignX Dubai” accelerator programme.

Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs, witnessed the launch of the Global Biofuels Alliance (GBA) at the G20 Summit in New Delhi.

British Prime Minister Rishi Sunak said on Saturday that he was confident a free trade deal with India could be secured but cautioned there was still hard work to do.

The European Union criticised Russia on Saturday for its "cynicism" in pulling out of the Black Sea grain deal, saying the offer of a million tons of grain to African countries was a "parody of generosity".

Russia said it was sticking to its conditions for a return to the Black Sea grain deal, which it quit in July and needed its state agricultural bank, and not a subsidiary of the bank, as proposed by the United Nations.

Turkish President Tayyip Erdogan held talks with Japanese Prime Minister Fumio Kishida at the G20 leaders' summit in New Delhi on reviving the Black Sea grain deal.

Global leaders announced a multinational rail and ports deal linking the Middle East and South Asia on Saturday on the sidelines of the G20 summit in New Delhi.

UK-based newspaper The Guardian has blocked access to its website for OpenAI, the owner of ChatGPT. 

Goldman Sachs is planning for another round of job cuts for employees who are deemed underperformers, which could come as soon as late October, the Finanical Times reported on Thursday, citing people familiar with the matter.

Shares in Apple have fallen for the second day in a row following reports that Chinese government workers have been banned from using iPhones.

A high-level delegation from the UAE held talks with senior officials from the European Union, UK and US to discuss export controls and trade of potential dual-use products.

Etihad Airways and Air France-KLM Group have signed a Memorandum of Understanding (MoU) aimed at enhancing their collaboration opportunities across passenger operations, loyalty programmes, talent development and maintenance.

Trade and investment relations between the UAE and G20 countries continue to witness steady growth.

Leading Chinese technology conglomerate Tencent recently unveiled a new artificial intelligence model, Hunyuan.

The United States government is intensifying its scrutiny of the Huawei Mate 60 Pro, a cutting-edge Chinese smartphone equipped with a state-of-the-art chip.

Emirates has announced it's increasing its daily flights to Hong Kong from November 1.

ADNOC Gas has announced an agreement, valued between $450 million (AED 1.65 billion) and $550 million (AED 2 billion), to supply Liquefied Natural Gas (LNG) to PetroChina International Company Limited (PCI).

Elon Musk reportedly took out a $1 billion loan from SpaceX, the space company he founded, prior to acquiring social media giant Twitter which he later rebranded X.

Chinese government officials have been reportedly prohibited from using Apple's iPhones while at work, in a move that is seen to further escalate the tech rivalry between the US and China.

Venice plans to experiment with a daily fee of 5 euros (AED 19.71) for day trippers next year to try to manage the flow of tourists drawn to its historic canals, the city council said on Tuesday.

India's Federation of Automobile Dealers Associations (FADA) has reported a notable increase in vehicle retail sales in August.

As India faces severe dry weather conditions, it has been compelled to increase its consumption of coal as a source of power.

In the world of cryptocurrency, Shiba Inu has made a name for itself by rapidly expanding its presence in the market and reaching a substantial number of 1 million wallets.

The governments of the UAE and Brazil have joined together in a partnership to exchange knowledge and expertise in economic fields.

Tesla showed off its restyled, China-made Model 3 sedan for the first time to the public at a trade fair in Beijing after launching it a day before in several countries.

Trade between Italy and China has not improved as expected since Rome joined Beijing's Belt and Road Initiative four years ago, Italy's Foreign Minister said on Saturday.

Expo 2020 Dubai has reaffirmed its commitment to gender equality and women’s empowerment.

Expo 2020 Dubai and the United Nations Global Compact are joining forces to hold a Sustainable Development Goals Business Forum.

More than 2,500 online travel agents, tour operators, hotel groups and airlines have signed on as Authorised Ticket Resellers (ATRs) for Expo 2020 Dubai.

A spectacular line-up of sights, sounds and tastes await visitors at Expo 2020 Dubai, through a series of specially curated itineraries.

Apple on Tuesday launched the iPhone 12 with faster 5G connectivity, which the company hopes will spur a wave of upgrades and keep its sales booming through the end of the year.