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Technology

PitchBook: VCs have invested $192.7B in AI startups so far this year, putting 2025 on track to be the first year when 50%+ of VC funding goes to the AI industry (Lizette Chapman/Bloomberg)

Featured Podcasts Big Technology Podcast: The Sora 2 Breakthrough, Death Of The Creator Economy?, Apple’s SmartGlasses Roadmap The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators. Subscribe to Big Technology Podcast. Hard Fork: Sora and the Infinite Slop Feeds + ChatGPT Goes to…

Europe

Azerbaijan unveils hotel industry revenue figures for 1H2025

Isaac Hammouch10 months ago01 mins

Shorouk Express Economy Materials 26 July 2025 03:13 (UTC +04:00) Hotel industry revenues in Azerbaijan rose by 9.2 percent in the first half of 2025, reaching $170.5 million, driven primarily by room and catering services. Despite the income growth, overall capacity utilization remained low at 21.4%, with notable regional variations led by Shabran…

Europe

Ofwat to be abolished, minister confirms in overhaul of UK’s ‘broken’ water industry

Isaac Hammouch10 months ago05 mins

Shorouk Express Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email Water regulator Ofwat will be abolished as part of an overhaul of the “broken” regulatory system, the environment secretary has confirmed. Steve Reed said…

Europe

Montenegro’s industry shows steady energy consumption

Isaac Hammouch10 months ago01 mins

Shorouk Express Oil&Gas Materials 5 July 2025 00:39 (UTC +04:00) Montenegro’s latest energy statistics reveal the country’s heavy reliance on oil products and lignite for transport and electricity generation, alongside steady use of biomass sources like firewood and wood pellets. The data, released by the national Statistical Office, highlights consumption trends across sectors…

Europe

Von der Leyen lends an ear to German industry (again) as climate and trade crunches loom

Isaac Hammouch10 months ago02 mins

Shorouk Express Indeed, just as the CEOs were pouring out their woes to the Commission president, a few floors below, Teresa Ribera, commissioner for a clean industrial transition, was presenting the bloc’s climate targets for 2040. Von der Leyen’s center-right European People’s Party is widely accused of watering down the EU’s environmental agenda in order…

Technology

Runway now has its sights on the video game industry with its new generative AI platform

Isaac Hammouch10 months ago02 mins

The AI startup Runway, which recently partnered with AMC Networks, is now trying to break into the gaming industry. The company has plans to launch its latest platform, called Game Worlds, next week, according to The Verge. The new tool lets Runway users create something akin to an interactive text-based game that can generate text…

Europe

Kazakhstan rolls out strategic vision for petrochemical industry growth

Isaac Hammouch12 months ago01 mins

Shorouk Express Economy Materials 16 May 2025 16:39 (UTC +04:00) Photo: KazMunayGas Kazakhstan’s Ministry of Energy is advancing over $15 billion worth of petrochemical investment projects to boost industrial development and global competitiveness. Key initiatives include a polypropylene plant (500,000 tons/year, operational since 2022) and a polyethylene plant (1.25 million tons/year, under construction)….

Europe

Parking companies ‘don’t want’ to ticket drivers, says industry head

Isaac Hammouch1 year ago05 mins

Shorouk Express Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email Despite issuing approximately 41,000 tickets daily in Britain, private parking companies “don’t want to issue parking charges”, according to an industry leader. Will…

Europe

Production of Kyrgyzstan’s extractive industry declines in 1Q2025

Isaac Hammouch1 year ago01 mins

Shorouk Express Kyrgyzstan Materials 4 May 2025 01:04 (UTC +04:00) Between January and March, the output of the extractive sector reached more than 14 billion soms ($162 million), with actual production levels experiencing a slight decline relative to the previous year. The decrease was mainly attributed to lower extraction of oil, gas, and…

Europe

Azerbaijan to host annual construction week with key industry agreements

Isaac Hammouch1 year ago02 mins

Shorouk Express BAKU, Azerbaijan, April 3. The Association of Azerbaijani Construction Manufacturers (ATİA) is set to host its annual “Construction Week” in the country once again, said Shahana Sari, Secretary-General of the Association of ATİA, Trend reports. In a press conference dedicated to the “ATİA Construction Week” on April 10 – Builders’ Day, Sari shared…

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