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

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 - MAERSK

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