Huawei at MWC 2024

Huawei looks to entrench wearable dominance at MWC 2024

Huawei’s showcase at MWC 2024 is a glimpse into the tech giant’s capabilities in delivering high-end, fashion-forward, technology-driven products

Malaysia eyes sealing free trade deal with UAE by June

Amid the agreement, Malaysia hopes that the UAE will invest in its energy, digital economy, electric vehicle and chip sectors

Gemini - Sundar Pichai, chief executive officer of Alphabet Inc., during the Google I/O Developers Conference in Mountain View, California, US, on Wednesday, May 10, 2023. Google introduced a new large language model, used for training artificial intelligence tools like chatbots, known as PaLM 2, and said it has already woven it into many of the internet search company’s marquee products. Photographer: David Paul Morris/Bloomberg

Google to pause Gemini AI model’s image generation of people due to inaccuracies

Bard was rechristened as Gemini earlier this month and Google rolled out paid subscription plans

Nvidia

Nvidia stock soars as revenue outlook beats expectations, driven by high AI demand

Nvidia stock has gained more than 30 per cent so far this year as it jockeys with Amazon.com and Alphabet for a spot among the most valuable companies

Running on empty: Are you ready for the burnout crisis?

As organisations confront the existential challenge of burnout amidst the perma-crisis of 2024, it is imperative for businesses to prioritise employee well-being

nvidia-jensen-huang

Nvidia’s expected earnings is shaking up the options market

Nvidia is expected to post earnings of $4.56 a share, and a rise in quarterly revenue to $20.378bn

Oil

Iraq to compensate for January crude production increase

Iraq’s oil ministry has confirmed that it will compensate over the next four moths for the increase in crude production

Hedge fund

More woes for Sanjay Shah as ‘accomplice’ set to plead guilty

Anthony Mark Patterson, an alleged ‘accomplice’ of Sanjay Shah, is charged with participating in a scheme in which the Danish state lost more than 9 billion Danish crowns ($1.3bn)

Sam Altman of OPENAI

OpenAI hits $2bn revenue milestone, looks for investors in UAE

Investors have valued the San Francisco-based startup at more than $80bn

temperature - 1.5 degrees C

Global temperatures cross 1.5 degrees C threshold over 12 months

Every month since June 2023 has been the world’s hottest on record, compared with the corresponding month in previous years

PIA

Pakistan approves plan to sell national carrier PIA on eve of election

PIA has liabilities of PKR785bn and accumulated losses of PKR713bn as of June last year

Boeing 737 max

A timeline of Boeing’s ongoing 737 MAX crisis

The US NTSB published its preliminary report on the Alaska Air incident involving a Boeing 737 MAX jet

Apple - Vision Pro

Apple’s $3,499 Vision Pro: Is it the future or a geeky fad?

Vision Pro features multiple cameras and sensors built into the device, OLED displays, an external EyeSight display, internal stereo speakers, connectors, lens inserts and headbands, among other technology

KING CHARLES

King Charles diagnosed with cancer: Buckingham Palace

The British monarch has begun treatments and will take a break from public engagements

Amazon Rufus

Amazon launches AI chatbot Rufus: 5 ways to use it to shop better

The chatbot was launched in beta version to a small subset of customers in Amazon’s mobile app in the US and will be rolled out across the country in the coming weeks

Red Sea attacks: Here’s how shipping firms have reacted

Several major shipping companies have had to react to challenges being faced in the Red Sea

Red Sea shipping

Red Sea tensions to drive ocean freight shipping rates up by 243%

While the situation remains volatile and subject to change, the newly-released data is best indication of where the market is headed

Lewis Hamilton

End of an era in F1: Lewis Hamilton, Mercedes-AMG Petronas to part ways

Mercedes and Lewis Hamilton have confirmed that their partnership will come to an end after the 2024 season

Fitch Ratings cuts Egypt’s credit score one step to B-

IMF, Egypt agree on ‘main elements’ of economic reform programme

The International Monetary Fund has agreed with Egypt on key policy components of an economic reform programme

Nirmala Sitharaman presents interim budget

India’s Finance Minister Nirmala Sitharaman presents Interim Budget for 2024

From infrastructure to agriculture, from healthcare to income tax, expectations are high for the Indian government to provide relief despite inflationary pressures in its budget announcements

interest rate - US Fed

US Fed maintains interest rates, says more ‘confidence’ needed on inflation before rate cuts

Inflation has now been running below the Fed’s target on a seven-month basis while US economic growth and the job market have remained largely intact

UK Foreign Secretary David Cameron

UK Foreign Secretary David Cameron in Oman as Red Sea tensions escalate

His visit to Muscat follows regional travel last week where he met with leaders in Israel, Qatar and Turkey

Emirates joins forces with UK in sustainable aviation push Image Emirates X

Emirates joins forces with UK in sustainable aviation push

The Solent Cluster has the potential to create a sustainable aviation fuel plant with an estimated fuel production capacity of 200,000 tonnes (200 kt) per year

Ikea furniture price discount

Your next Ikea purchase could come at a discount as raw material costs ease

The furniture retailer has announced price cuts in Germany – its biggest market by sales – as well as Sweden and the UK

NEURALINK

Chips in human brains now a reality: Elon Musk confirms first Neuralink implant

The US Food and Drug Administration had given the company clearance last year to conduct its first trial to test its implant on humans

NRI - BUDGET 2024 - TAX

What do Indian expats expect from interim Budget 2024?

With the unveiling of Budget 2024 just round the corner, the NRI community hopes that the Tax Deducted at Source (TDS) process as well as the tax bracket is re-worked to provide relief

Business as usual for Suez Canal as Egypt denies suspension

Navigation movement in Egypt’s Suez Canal is regular from both directions, says a top official from that country

APPLE VISION PRO

Apple’s Vision Pro headset gets a release date, bookings start January 19

The headset starts at $3,499 and marks the company’s biggest product launch since the original iPhone went on sale in 2007

Sheikh Mohamed in Gujarat

UAE President Sheikh Mohamed lands in India for Vibrant Gujarat Global Summit

The Vibrant Gujarat Global Summit will see the participation of 34 countries and 16 international organisations in its 10th edition

Mukesh Ambani and Gautam Adani

Billionaire index: Gautam Adani surpasses Mukesh Ambani as India’s richest man

Adani currently ranks 12 among the world’s richest