Microsoft overthrows Apple as global market cap leader
Microsoft Corp. has overthrown Apple Inc. as the global market capitalisation leader, with its focus on generative…
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AI may impact 40% of jobs around globe – IMF chief
Artificial Intelligence (AI) will affect around 40 per cent of jobs around the world, “replacing some and…
China holds key rate
China’s Central Bank held a key interest rate on Monday in preparation for a “difficult year,” Bloomberg reported.…
Apple cuts iPhone 15 prices in China
Apple cut the prices for iPhone 15 in China by 500 yuan ($70) in light of growing competitive pressure in the…
Egypt’s finance minister seeks strategic partnership with NDB
Egypt’s finance minister Mohamed Maait said on Sunday that Egypt is seeking a strategic partnership with New…
BYD، Brazil’s Sigma Lithium JV likely
Chinese automaker BYD is in talks with Brazil’s Sigma Lithium for a supply deal and a joint venture or acquisition,…
Egypt’s QNB Al Ahli profits rise by 57% in ’23
Qatar National Bank (QNB) Al Ahli in Egypt witnessed an increase in nets profits in 2023 by 57 per cent, QNB Group…
Hertz to sell 20,000 EVs, shift back to gas-powered cars
Hertz Global Holdings Inc. is planning to sell 20,000 EVs, almost a third of its EV fleet, to reinvest in…
ABB buys Swiss tech company to boost industrial robots
ABB bought Sevensense, a Swiss start-up specialising in boosting the mobility of industrial robots, in the latest…
Google lays off hundreds of employees to cut costs
Alphabet’s Google announced it would lay off hundreds of employees across various teams as the company continues to…