Browsing: Business

EU adds six new AI Factories to expand supercomputing capacity

October 13, 2025

BRUSSELS, October 11, 2025: The European Commission announced on Friday the addition of six new AI Factories to its growing network, marking a…

Collision Communications wins $445 million verdict against Samsung

October 13, 2025

MARSHALL, Texas, October 11, 2025: A federal jury in Marshall, Texas, has ordered Samsung Electronics to pay $445.5 million in damages to Collision Communications,…

Gold price hits record $4,000 as mining stocks surge globally

October 10, 2025

NEW YORK, October 9, 2025: Gold prices broke through the $4,000 per ounce barrier for the first time, prompting a sharp rally…

Gulf economies drive World Bank upgrade of 2025 regional forecast

October 7, 2025

WASHINGTON, October 7, 2025: The World Bank has raised its economic growth forecast for 2025 across the region encompassing the Middle East, North…

P&G, Shell, Microsoft lead Pakistan business exits

October 7, 2025

Multinationals including P&G, Shell, and Microsoft are exiting Pakistan amid economic instability and regulatory challenges.

OPEC+ to raise oil output by 137000 barrels per day in November

October 6, 2025

OPEC+ confirms a 137000 bpd oil production increase effective November 2025 as member nations coordinate to sustain global market stability.

Etihad Rail launches UAE innovation center at Global Rail 2025

October 4, 2025

Abu Dhabi, October 3, 2025: Etihad Rail unveiled a series of major initiatives at Global Rail 2025 in Abu Dhabi, reinforcing…

UAE and Alberta discuss trade and investment at business forum

September 27, 2025

UAE and Alberta strengthen trade and investment ties at the Investopia forum in Calgary, focusing on clean energy, tech, and economic cooperation.

European diamonds dodge US import tariffs under new deal

September 25, 2025

US exempts European polished diamonds from 15% tariffs under new trade deal, reinforcing Antwerp’s role in the global diamond supply chain.

EU exports of high-tech goods rise to €501 billion in 2024

September 24, 2025

EU recorded a €23 billion high-tech goods trade surplus in 2024 as exports rose to €501 billion and imports dipped to €478 billion, reversing a four-year deficit.

Apple market cap reaches 4.94 trillion to top Nvidia

July 29, 2026

The valuation shift reflects broader recalibrations across international financial markets as institutional managers re-evaluate capital commitments tied to artificial intelligence infrastructure. While competing hyperscale computing enterprises including Alphabet and Tesla accelerated capital investments toward data centers, robotics, and autonomous transport networks, Apple maintained disciplined expenditure controls over consecutive fiscal quarters. Market participants increasingly view Apple’s disciplined spending approach as a operational buffer, allowing the firm to expand its proprietary Apple Intelligence software ecosystem without incurring high infrastructure depreciation costs.

Gold prices fall on strong dollar ahead of central bank meeting

July 29, 2026

Precious metal values declined during Tuesday trading sessions as a stronger United States dollar increased purchasing costs for international buyers while financial institutions awaited the outcome of a critical central bank meeting. Official market reports published by Emirates News Agency confirmed that gold slips as firm dollar weighs; focus turns to Fed meeting perspectives across global commodity exchanges. Spot gold values retreated 0.7 percent to reach $4,045.89 per ounce following a brief advance of up to 1 percent recorded during Monday sessions. United States gold futures contracts for August delivery experienced a downward adjustment of 0.8 percent to settle at $4,046.20 per ounce. Concurrently, broader precious metals experienced downward pressure as spot silver declined 2 percent to $57.23 per ounce, platinum dropped 0.9 percent to $1,605.93, and palladium slid 1.6 percent to $1,270.97.

Porsche to cut 5000 more jobs under restructuring plan

July 28, 2026

The restructuring strategy, formally named the Future Package, was negotiated between the executive leadership of Porsche and the General Works Council in coordination with the metalworkers union IG Metall and the employers association Südwestmetall. Executives emphasized that workforce reductions will be executed through socially responsible mechanisms, including expanded partial retirement programs, voluntary severance packages, and natural demographic attrition. Management explicitly ruled out compulsory redundancies through 2035, while extending existing site guarantees for five years. In exchange for labor concessions, the automaker committed 2.1 billion euros in capital investments dedicated to upgrading its assembly plant in Stuttgart-Zuffenhausen and its research facility in Weissach.

Senate crypto bill faces pushback over conflict of interest rules

July 28, 2026

Ethics watchdogs and legal experts called on Congress on Monday to institute strict anti-corruption provisions in pending cryptocurrency legislation, warning that lawmakers must close the crypto conflict of interest loopholes or scrap the CLARITY Act entirely. In a joint statement, nonpartisan advocacy group Democracy Defenders Action and civil society organization Transparency International U.S. criticized the ethics text contained within the Digital Asset Market Clarity Act. The organizations argued that the current statutory framework fails to protect the integrity of the digital asset marketplace, American consumers, and the national economy from self-dealing by public officials.