Business

US tech giant Intel plans to invest over €80 billion to massively expand its European production facilities, focusing on next-generation microchips measuring two nanometres and smaller, using the latest technology, Christin Eisenschmid, head of Germany […]

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The economic recovery from the pandemic is being hampered by an omicron-driven rise of coronavirus cases, The Hill reports. The rapid and unprecedented rise in coronavirus infections has slowed consumer spending, prompted layoffs, and pushed […]

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A video demonstrating the battered exterior of one of Qatar Airways planes that, according to the airline, underscores some serious and legitimate safety concerns, has been released by the airline in the middle of the […]

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A new hospitality brand that will manage and convert into ultra-luxury boutique hotels a myriad of iconic historic and cultural palaces in Saudi Arabia was launched Thursday by Saudi Crown Prince Mohammed bin Salman and […]

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The US electric car manufacturer Lucid Motors intends to build its first factory in Saudi Arabia by 2025 or 2026 and it’s turning all its attention to details that are now being negotiated with Kingdom’s […]

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China has agreed to use crude oil from its national strategic stockpile during the Chinese New Year celebrations as part of a plan in which the US is teaming up with other major oil consumers […]

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Kingdom Holding, the investment company controlled by Saudi Prince Alwaleed bin Talal, has gone with the 8.29 billion Saudi riyals deal to sell half of its stake in Four Seasons global hospitality company. After the […]

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Exxon Mobil Corp has decided to sell its stake in the giant West Qurna 1 oilfield to the Iraqi National Oil Company in a deal approved by the Iraqi government, Iraq’s Oil Minister Ihsan Abdul […]

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Elon Musk’s Tesla has opened a new showroom for the company in China’s Xinjiang province, where Chinese authorities have committed years of gross human rights abuses against the Uyghur people. Tesla’s decision to begin working […]

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Tesla is recalling more than 475,000 cars in the United States. The company, owned by Elon Musk — the richest man in the world — announced it was recalling some of the Model 3 Teslas […]

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According to a text message that many buyers received from Alibaba on Monday, the Chinese e-commerce giant will no longer serve Palestinians that want to make purchases on AliExpress.com. According to the announcement from the […]

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Despite a series of setbacks in the retail industry, holiday sales soared this year, The Hill reported citing AP. This year’s Christmas season had the highest sales growth in 17 years, up 8.8 percent over […]

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The new Miami-based investment fund Affinity Partners that Jared Kushner formed last summer after deciding to step away from politics, has raised over $3 billion in committed funding from international investors. According to a person […]

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After a tumultuous year, OnlyFans is getting a new female chief executive to lead the content subscription website.  The founder of the adult content website OnlyFans, Tim Stokely, announced this week that he is stepping […]

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Multiple women have filed lawsuits against Tesla alleging sexual harassment. Six more women who work at the plant in Fremont, California filed suits against the company. It comes a month after another suit accused the factory […]

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US corporate behemoths are using every means available, including spying on their own staff to prevent them from unionising, leaked internal documents show as quoted by Newsweek. The best-known examples of how employers use surveillance […]

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Signing $10 billion worth of contracts on Monday, Saudi Arabia’s oil giant Aramco has kickstarted the development of its massive Jafurah unconventional gas field it is thought to be the largest known free gas field […]

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Co-founder of Twitter Jack Dorsey is stepping down from his position as chief executive officer of the social media giant.  The surprise change brings to an end Dorsey’s tenure as the CEO of Twitter. He […]

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Following the strong growth in its home market of Egypt, valU, the fintech subsidiary of EFG Hermes, intends to expand next year in Saudi Arabia and North Africa, its CEO Walid Hassouna confirmed. Established in […]

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Beijing’s municipal government has approved on Thursday a permit for Baidu’s Apollo Go robotaxi business to collect fares in a part of the capital city, greenlighting a major step for the Chinese tech giant toward […]

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High-tech home appliance maker Dyson Ltd has sent on Wednesday notices of termination of contract to its Malaysian supplier ATA IMS Bhd following the audit of its labour practices and allegations by a whistleblower that […]

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In a move that will cement its strategic position in one of the world’s fastest-growing agricultural regions, and in coordination with its African subsidiary Meridian Group, the Saudi Arabian Mining Company (Ma’aden) will open a […]

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After a $12 billion (€33.2 billion) takeover approach from US fund KKR, the Italian phone group Telecom Italia (TIM) saw record trading volumes on Monday, with more than 8% of its ordinary capital changing hands. […]

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