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  • 29, August 2024

    Google opening office in Vietnam, plans AI training, funding

    HANOI: Alphabet’s Google is considering building a large data centre in Vietnam, a person briefed on the plans said, in what would be the first such investment by a big US technology company in the Southeast Asian nation.

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  • 29, August 2024

    UK reshapes its AI strategy under pressure to cut costs

    LONDON: Britain’s Labour government is drawing up a new, cost-cutting artificial intelligence strategy ahead of a crunch autumn budget – prioritizing public sector adoption of the technology over direct investment into industry.

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  • 29, August 2024

    CBK launches Kuwait Overnight Interest Average (KONIA)

    KUWAIT, Aug 29 (KUNA) -- The Central Bank of Kuwait (CBK) Thursday announced the launch of Kuwait Overnight Interest Average (KONIA) as of next Sunday as part of its efforts to consolidate financial stability.

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  • 29, August 2024

    Meeting discusses financial, administrative issues of Arab League General Secretariat chaired by Kuwait

    CAIRO, Aug 29 (KUNA) -- The Arab League permanent committee for administrative and financial affairs chaired by Arab Affairs Supervisor at the Kuwaiti Ministry of Finance, Arwa Al-Musallam, held the 106 regular session of the Arab League on Thursday.

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  • 28, August 2024

    Unemployment rate is now Fed’s lodestar: Expert

    ORLANDO, Florida: Jerome Powell’s Jackson Hole speech has turned Sept 6 and Sept 18 into the two most important dates for US monetary policy in years, as events on both days center on the Fed’s new guiding light: the unemployment rate.

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  • 28, August 2024

    China’s solar sector blazes trail in commitment to renewables

    YINCHUAN, China: Hundreds of rows of gleaming panels blanket swathes of scrubby sand at sunset in a remote northern Chinese desert — once the biggest solar farm in the world.

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  • 28, August 2024

    Disney, Reliance win approval for $8.5bn India mega merger

    BENGALURU: Walt Disney Co and Reliance Industries won approval on Wednesday for an $8.5 billion merger of their Indian media assets after assuaging regulatory worries about their grip on broadcasting rights for cricket, India’s favorite sport.

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  • 28, August 2024

    Sky-high rents have Mumbai residents living on the edge

    MUMBAI: Among the swanky skyscrapers of India’s financial capital Mumbai, hundreds of dangerously dilapidated buildings facing demolition are crowded with families risking their lives rather than braving impossibly high rents.

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  • 28, August 2024

    Ethiopia says mega-dam on Blue Nile doubles electricity output

    NAIROBI: Ethiopia said it has more than doubled electricity production from its controversial mega-dam on the Blue Nile after two more turbines started operations.

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