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In the race to be the global hub of Web3, there is significant opportunity

Will Dubai win the Web3 race?

The co-founder of Tahseen Consulting, one of the MENA’s top tech policy firms, rates Dubai’s chances of becoming a hub for the decentralised web and crypto exchange

Boeing 737 Max

Leasing giant AerCap says Boeing will ‘bounce back’

The head of the world’s largest aircraft leasing company threw his weight behind Boeing on Monday, saying the jetmaker would overcome a spate of industrial and certification problems. “I think Boeing will bounce back. There are a few scenes in this movie to be played out yet,” Aengus Kelly, AerCap’s chief executive, told the Airline […]

Netflix drops Meghan Markle’s animated series

Streaming platform Netflix Inc said on Sunday it had decided to stop work on Meghan Markle’s family series “Pearl” as it reviewed animated content. Dropping several projects, including Markle’s, was part of strategic decisions on production of animated series, the company said in a statement, without providing further details on its decision. Archewell Productions, the […]

Cisco unveils technology to predict network issues

Cisco Systems Inc on Wednesday unveiled a technology that it says can predict issues on enterprise networks before they happen to help prevent problems and increase reliability. The predictive software engine will gather data from various sources within a company’s network, learn the patterns and help engineers find hardware issues, bandwidth spikes and app configuration […]

Airlines forecast higher fares after energy price spike

Airlines will pass on rising oil prices to passengers through higher fares relatively quickly, but the spike in energy costs will worsen the industry’s overall outlook in 2022, according to the head of the International Air Transport Association. Speaking after JetBlue launched a counter-bid for US budget carrier Spirit Airlines, director general Willie Walsh also […]

Electronics, Mouse, Computer

Microsoft partners with Epic Games to bring ‘Fortnite’ to Xbox Cloud Gaming

Microsoft Corp is partnering with Epic Games to make “Fortnite” available with Xbox Cloud Gaming, Chief Executive Officer Satya Nadella said in a tweet on Thursday. The software behemoth has been looking to bolster its firepower in the booming videogaming market and earlier this year unveiled a $68.7 billion takeover of “Call of Duty” maker […]

Joe Biden is under pressure to bring down petrol prices in the US

Saudi Arabia leads OPEC move to drop energy watchdog’s data

A decision driven by Saudi Arabia that OPEC+ should stop using oil data from the West’s energy watchdog reflected concern about US influence on the figures, said sources, adding to strain on ties between Riyadh and Washington. The Organisation of the Petroleum Exporting Countries and allies including Russia, a group referred to as OPEC+, has […]

Facebook-owner opens access to AI large language model

Facebook-owner Meta Platforms Inc is opening up access to a large language model for artificial intelligence research, the social media company said on Tuesday. Meta said its model was the first 175-billion-parameter language model to be made available to the broader AI research community. “Large language models” are natural language processing systems which are trained […]

Person, Human, Plywood

Saudis ‘let down’ by US over Houthi security threats, says royal

Saudi Arabia feels “let down” by the United States in tackling security threats to the kingdom and wider region by Yemen’s Iran-aligned Houthi movement, a senior member of the Saudi royal family and former intelligence chief said. Traditionally strong ties between Riyadh and Washington have been shaken under U.S. President Joe Biden by the 2018 […]

$3bn IPO of Coca-Cola’s African bottler delayed

Coca-Cola’s estimated $3 billion initial public offering (IPO) for its African bottling unit will likely take place in the third quarter after market turmoil linked to the war in Ukraine upset plans to list earlier, three sources have said. The flotation of Coca-Cola Beverages Africa (CCBA) would be the biggest on the Johannesburg Stock Exchange […]

Upside Foods valued at $1bn from Abu Dhabi funding

Upside Foods has raised $400 million in a funding round led by Temasek and Abu Dhabi Growth Fund, valuing the cultivated meat company at over $1 billion, the company said on Thursday. SoftBank Vision Fund 2 and Synthesis Capital are among the investors who took part in the latest round, bringing the company’s total capital […]

Shopify’s revenue growth slowest in seven years, shares plunge

Canada’s Shopify Inc reported its slowest quarterly revenue growth since going public in 2015 and delivered a big miss on profit, sending the company’s U.S.-listed shares tumbling 17 percent on Thursday. Easing global e-commerce growth from the frenetic pace seen during the peak of the pandemic has hit Shopify, which provides merchants tools and service […]

Lobby, Room, Indoors

Google gives $100,000 worth of tech training to every US business

Alphabet Inc’s Google will provide any US business over $100,000 worth ofonline courses in data analytics, design and other tech skills for their workers free of charge, the search company said on Monday. The offer marks a big expansion of Google’s Career Certificates, a program the company launched in 2018 to help people globally boost […]

Oil prices have rocketed since the Russian invasion of Ukraine

Tapping oil stockpiles may not be enough to plug loss of Russian supply

Top oil consuming nations may find that one of their main tools to fight high global oil prices – the release of strategic stockpiles – will prove inadequate to soothe markets starved of Russian supply since its invasion of Ukraine. The 31-member International Energy Agency, representing industrialised nations but not Russia, presided over the fourth […]

Apparel to buy Karl Lagerfeld brand in $210 mln all-cash deal

Apparel Group Ltd said on Monday it has agreed to acquire the remaining 81% stake in Karl Lagerfeld for $210 million in cash, becoming the sole owner of the Parisian fashion brand. G-III, which owns brands including DKNY and Jessica Howard, will purchase the additional stake from a group of investors led by Fred Gehring […]

Chip startups using light instead of wires gain momentum

Computers using light instead of electricity for processing are gaining traction. And startups that have solved the engineering challenge of using photons in computer chips are getting big funding. Researchers say the technology could drive innovation in everything from quantum computing to driverless cars to artificial intelligence. California-based startup Ayar Labs is developing a technology […]

Actual COVID death toll near 15 million

The official death toll from the first two years of the coronavirus pandemic is about 5.4 million. But according to a new World Health Organization report, the actual number is around three times higher than that. The U.N. body said on Thursday there were 14.9 million excess deaths associated with COVID-19 by the end of […]

Ukraine war push egg prices higher worldwide

Severe outbreaks of bird flu in the United States and France are tightening global egg supplies and raising prices for the food staple as the war in Ukraine disrupts shipments to Europe and the Middle East. Higher prices are particularly painful for consumers who rely on eggs as a low-cost source of protein and substitute […]