Panama's government has announced they will create a committee of experts to recommend ways to boost financial transparency. This comes after the leak of the "Panama Papers," 11.5 million documents that reveal how the law firm Mossack Fonseca helped some clients evade taxes and avoid sanctions. Panama president, Juan Carlos Varela said the report will be shared with other countries so the nations can move together towards further transparency.
Tesla invests $2 billion in Musk's xAI, reiterates start of Cybercab production
Tesla has said on Wednesday it will invest $2 billion in CEO Elon Musk's artificial-intelligence company xAI, and that production plans for its Cybercab robotaxi were on track for this year.
Amazon cuts 16,000 corporate jobs, undoing pandemic-era hiring amid AI push
Amazon confirmed 16,000 corporate job cuts on Wednesday, completing a plan for around 30,000 since October while leaving open the possibility of further reductions.
H.H. Sheikh Mohammed unveils AED 100 billion DIFC expansion plan
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has launched the DIFC Zabeel District — a landmark expansion of the Dubai International Financial Centre.
Dubai Media City marks 25 years of media innovation, leadership
Dubai Media City, the Middle East’s leading hub dedicated to the media and content creation sector, is marking its 25th anniversary of innovation and growth in the creative industries.
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