Latest economy news, business developments, financial market updates, investment insights, entrepreneurship trends, and expert economic analysis from the Arab World and around the world. Stay informed about the economic issues shaping businesses, industries, markets, and public policy.
As Chris Best, the co-founder and chief executive of Substack put it last week: “It’s getting harder to tell what’s real on the internet.” Announcing a new tool, external designed to let readers on the newsletter platform detect AI-generated writing, Best cited other research that has found up to 40% of writing on social media…
The North Sea has increasingly become a topic for political debate. In its 2024 general election manifesto, Labour said it would not issue new licences for drilling, but would honour existing ones. But in recent months, as the Iran war pushed up global oil prices, calls have grown for more North Sea drilling to be…
GM began rolling out Google’s Gemini in eligible model year 2022 and newer Cadillac, Chevrolet, Buick, and GMC vehicles in the U.S. earlier this year with Google Built‑in. Courtesy GM DETROIT – General Motors plans to launch its own in-vehicle artificial intelligence system that’s better tailored for its customers later this year. The new GM…
ExxonMobil and Chevron on Friday reported second-quarter profits that surged on rising oil prices due to the Iran war. Chevron’s net income soared to $12 billion, a nearly 400% increase compared to $2.5 billion in the same period last year. Adjusted earnings came in at $6.06 per share, 50 cents higher than Wall Street’s estimates….
Sainsbury’s has agreed to sell Argos for £120m after a long process of trying to offload it as the supermarket chain aims to focus on its main food business. Sainsbury’s said it would be “business as usual” for Argos customers, staff, and suppliers. Shoppers will see no change as Argos will still operate in Sainsbury’s…
A passenger on a British Airways flight that issued a distress call on approach to Heathrow Airport earlier this month has described the rising fear in the cabin and a lack of information from the crew. Edward Killiwick had been travelling back from a friend’s birthday party with his partner Julie, on the flight from…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apple projected weaker than expected revenue for the three months to September, reflecting pressure on tech supply chains from the AI infrastructure boom, as Tim Cook marked his last earnings report as chief executive. Kevan…
Prime Minister Andy Burnham will give all mayors of city regions in England a share of income tax revenue for the first time, as part of his drive to transfer power from Westminster to local leaders. Burnham will also allow mayors of English strategic authorities to keep some cash from business rates collected in their…
Investing.com – Russia stocks were lower after the close on Thursday, as losses in the Power, Oil & Gas and Mining sectors led shares lower. At the close in Moscow, the declined 1.26%. The best performers of the session on the MOEX Russia Index were PhosAgro PJSC (), which rose 2.62% or 147.00 points to…
More than one million 16-25-year-olds are not in education, employment or training – the highest level in more than 12 years, official figures show. A major review by former minister Alan Milburn found job and career opportunities for young people are “not growing, they’re shrinking” with one in six set to be out of work,…
