AI's dark side

EU urges Big Tech to alert users about AI’s ‘dark sides’

The EU is rushing to catch up and set rules for generative AI as it negotiates its AI Act, which will go up for a key vote in the European Parliament

coal

What counts as a carbon credit?

The UN panel’s final decision will have huge consequences for the carbon removal industry, as well as the direction the world takes when it comes to pulling carbon from thin air

hurricane season upon us

New York has world’s worst air pollution as Canada wildfires rage

Smoke blowing in from wildfires raging across Canada’s provinces have blanketed the city in haze

Kim Kardashian's crypto lawsuit moves ahead

Kim Kardashian’s EthereumMax crypto hype lawsuit advances

The presiding judge found that a Kardashian post suggesting that certain crypto tokens were scarce was misleading

Omega Speedmaster

Omega blames staffers over sale of fake $3m Speedmaster

The scandal underscores concerns that forgers are creating fakes or altering some vintage watches sold on the secondary market and at auction to achieve higher sale prices

Antony Blinken in Saudi Arabia

Antony Blinken meets Crown Prince Mohammad bin Salman in Saudi Arabia

The visit by the US State Secretary builds on President Biden’s visit to Saudi Arabia in 2022

UAE Egypt sign deal to build 10GW_wind farm Image Masdar

UAE, Egypt ink deal to develop Africa’s largest wind farm, project valued at $10bn

The wind farm will help Egypt meet its strategic objective of sourcing 42 per cent of its energy from renewables by 2030

World Environment Day. - Getty Images

World Environment Day 2023: 50 years on the transition to a circular economy

Held annually since 1973, and marked by millions, this day is the largest global platform for environment action

real estate

A new wave of real estate pain is coming after $148bn rout

The price of prime real estate office buildings in Paris, Berlin and Amsterdam have dropped considerably

solar

Solar beats coal in Europe for first time – but there’s a glitch

While the furious expansion of solar generation bodes well for efforts to replace fossil fuels, the breakthrough also exposed flaws in the energy system

Nvidia by Getty Images

Nvidia surge results in historic $1tn market valuation

Nvidia has powered past other semiconductor companies as it is the world’s biggest maker of the specialised chips needed to power AI products

Turkish lira

Turkish lira falls to record low against US greenback

Wall Street sees more weakness ahead for the lira, with Morgan Stanley warning that it may reach 26 per dollar sooner than earlier expected and slide toward to 28 by the end of the year

Turkey's president Recep Tayyep Erdogan

Recep Tayyip Erdogan seals victory in Turkey presidential elections

The incumbent prevailed 52.1 per cent to 47.9 per cent in a runoff vote with opposition challenger Kemal Kilicdaroglu

heat - hot areas image credit Getty Images

One in three people will live in dangerously hot areas by 2080

Global warming will create hot areas which will witness heat-related deaths, lower crop yields, spread of infectious diseases and more negative impacts

France implements short-haul flight ban. Image credit: Groupe ADP

France short-haul flight ban comes into effect: What it means for travellers

Domestic flight journeys that can be completed by train in less than two-and-a-half hours banned by French Transport Ministry

Meta

Meta unloads Giphy to Shutterstock at a loss of more than $260m

Facebook’s parent company Meta announced the sale of Giphy after its purchase of the GIF maker was blocked by competition regulators in the UK

Cold storage in Meta data center. Image Credit: META

Meta fined record $1.3bn in EU over US data transfers

The Meta fine coincides with the fifth anniversary of the EU’s General Data Protection Regulation, widely seen as the world’s benchmark for privacy

Jio Blackrock

What does India’s decision to withdraw INR2000 currency note mean?

The 2000-rupee note will remain legal tender, but citizens have been notified to deposit or exchange these notes

G7 annual summit was held in Hiroshima, Japan. Image Credit: MOFA, Japan

G7 Hiroshima Summit: Financial stability, energy transition and AI in joint statement

The G7 summit saw leaders speak on the banking turmoil, cryptocurrency markets, generative artificial intelligence and climate change

King Salman and Prince Mohammad bin Salman invite members to the 32nd Arab League Summit. Image Credit: Saudi Arabia's MOFA

Arab League Summit begins in Jeddah

The 32nd Arab League summit brings together 22 member countries and five observer nations in Saudi Arabia’s coastal town

UAE-UK Sheikh Abdullah bin Zayed Al Nahyan and James Cleverly meet for the Strategic Dialogue between the UAE and UK. Image Credit: MOFAIC

UAE-UK inaugural strategic dialogue: key takeaways

The strategic dialogue builds on the 2021 bilateral meet during which the two countries agreed to establish a partnership for the future

BT

BT announces plans to cut up to 42% of jobs by 2030

Chief executive officer Philip Jansen has been quietly shrinking the workforce over the last five years as he works to grow profit

Malaysia

MDEC: $2.8tn ripe for digitalisation in global Islamic economy

Muslims worldwide estimated to spend $2.8tn by 2025 on Islamic faith-inspired consumption needs – and Malaysia looks to capture digitalisation opportunities in the sector through MDEC

Walt Disney

Disney begins second round of job cuts, affecting thousands

Disney’s latest job reductions are part of chief executive officer Bob Iger’s ambition to save $5.5bn in annual costs

Sudan

Thousands flee Sudan fighting as countries pull out diplomats

The UK and US militaries airlifted their diplomats to safety, with the US ferrying consular staff in MH-47 Chinook helicopters

UAE, Germany

UAE, Germany explore partnerships to build on industrial ties and climate efforts

Ministry of Industry and Advanced Technology hosts around 30 German companies to discuss expanding cooperation in fields such advanced technologies and de-carbonisation

100 most powerful arabs 2023

Top 100 most powerful Arabs 2023

This year’s power list honours Arab leaders driving and shaping growth in industry, sports, entertainment, and culture from across the region and beyond

EFG Hermes exit Oman

EFG Hermes shuts Oman operations

The universal bank said the move comes in light of its efforts to drive shareholders’ value by optimising its operations and improving the return on equity metric

israel gaza crisis global financial markets

Global growth to fall from last year: IMF

The latest IMF World Economic Outlook update found that recession concerns have gained prominence, while worries about stubbornly high inflation persist

Egypt

Egypt inflation surges to highest since July 2017 on food prices

On a monthly basis, prices grew 2.7 per cent, compared with 6.5 per cent in February