Business

China’s GDP growth hits 5.3% in Q1-2024 – higher than expectations

Shanghai (Reuters): China's economy grew 5.3 per cent in the first quarter year-on-year, official data show, comfortably beating expectations and…

2 weeks ago

Abu Dhabi AI pioneerG42 Group gets $1.5b investment from Microsoft

Dubai (Gulf News): The US tech giant Microsoft is committing $1.5 billion in Abu Dhabi’s AI focused tech entity, G42.…

2 weeks ago

IMF projects UAE growth at 4.2% for 2025, highest in 3 years

DUBAI (Khaleej Times): The International Monetary Fund (IMF) on Tuesday projected higher growth for the UAE economy for next year…

2 weeks ago

Aurangzeb leaves banker life behind to fix economy

ISLAMABAD (Bloomberg): Pakistan's new finance minister is on a mission to fix his country. To many, it's an unenviable task.…

2 weeks ago

Bain proposes Japan’s Kioxia IPO to clear $5.8 bln loan refinance

TOKYO (Reuters): Bain Capital has proposed an initial public offering (IPO) of Japan's Kioxia Holdings as part of a plan…

2 weeks ago

Tesla’s global job cuts include leading markets US, China

SHANGHAI/BERLIN (Reuters): Tesla's global job cuts include reducing staff in the U.S. and China, the automakers' two biggest markets, across…

2 weeks ago

Oil prices rise on Middle East tensions

SINGAPORE (Reuters): Oil prices rose on Tuesday as the Chinese economy grew faster than expected, while heightened tensions in the…

2 weeks ago

Chinese economy beats growth expectations in first quarter

BEIJING (AFP): China's economy grew far more than expected in the first quarter of 2024, data showed Tuesday, even as…

2 weeks ago

Swiss watch brands making time for India

BERN (AFP): Swiss watchmakers are increasingly turning their sights towards India thanks to a new free trade agreement that is…

2 weeks ago

Lufthansa reports loss, cuts outlook after strikes

BERLIN (AFP): German airline giant Lufthansa reported a hefty first-quarter loss Monday and downgraded its 2024 outlook due to recent…

2 weeks ago

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