Red Sea - MAERSK

Hapag-Lloyd to seek cost cuts in 2024 as Red Sea crisis hits profit margins

Habben Jansen said the Red Sea crisis had rather enforced route changes

McDonald’s suffers global tech outage

The outage seemed to be have impacted customers in Australia, Japan, Hong Kong, New Zealand and the UK as well

Egypt raises minimum wage by 50% as part of ‘urgent’ package

Egyptians remit more money home after devaluation

The devaluation was part of an $8bn financial support agreement that Egypt last week signed with the International Monetary Fund

Sanjay Shah

Denmark begins court trial against Sanjay Shah in fraud case

Anthony Mark Patterson, who is seen as Shah’s closest accomplice, was in February sentenced to eight years in prison in Denmark’s first criminal cum-ex trial

Boeing

Passengers flung to roof as Boeing 787 to Auckland plunges mid-flight

Plane maker Boeing is coming under further scrutiny following yet another incident with one of its planes, this time on a flight from Sydney to Auckland

UAE President receives Egypt President photo Wam

S&P upbeat on Egypt rating after $35bn UAE deal

Moody’s on Thursday affirmed its CAA1 rating but changed its outlook on Egypt to positive citing significant official and bilateral support

Boeing 737 max- boeing

More trouble for Boeing as FAA audit finds dozens of issues in 737 MAX production: Reports

Reports say that Boeing failed a check which dealt with the component that blew off the Alaska Air jet

UAE - GREECE

UAE-Greece talks: Masdar, Mubadala expand partnership

Trade volumes between the UAE and Greece surged by 6.2 per cent during the first nine months of 2023, underscoring the resilient bilateral economic relations

Gold

Gold rally hits pause ahead of US inflation data

Gold set a record peak of $2,194.99 for the fourth straight day on Friday after data signalled a cooling US labour market

TikTok

US could ban TikTok within weeks

The app is popular and getting legislation approved by both the House and Senate in an election year may be difficult

Egypt raises minimum wage by 50% as part of ‘urgent’ package

How big are Egypt’s economic challenges?

As many as 60 per cent of Egypt’s 106 million citizens are estimated to be below or close to the poverty line

Poland

Top 5 must-visit destinations in Poland: Uncover the hidden gems of Eastern Europe

Whether you’re an adrenaline junkie or seeking a cozy winter retreat, Poland is a destination that promises unforgettable memories

A recap of MWC 2024: The weird and the wonderful gadgets on display

From flying cars to gadgets that look like jewellery, the MWC 2024 saw tech companies showcase a range of futuristic concepts

shipping

Risk is the new normal in ocean shipping as Red Sea tensions reign: Experts

The Red Sea tensions have spurred cargo delivery disruptions and soaked up excess vessel capacity, raising global shipping costs

Italy Trade Commissioner

Italian Trade Commissioner on why the UAE loves ‘Made in Italy’

Highlighting the positive trends in the market, Soldani underscores the opportunities for trade and cooperation between the two countries

Geopolitical tensions to complicate WTO deal-making in Abu Dhabi

4 key outcomes from WTO negotiations in Abu Dhabi

Talks ended at the WTO Abu Dhabi meeting after five days of negotiations which didn’t see breakthroughs on key topics

Tech Mahindra - MWC 2024

Tech Mahindra’s successful outing at MWC 2024 with key signings

From signing on new clients to displaying its expertise in the green transition, Tech Mahindra made the most of its time in Barcelona

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. - Sanjay Shah

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

Summer solstice - 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