Business

In its first rating of Saudi Arabia’s sovereign wealth fund, Moody’s Investors Service has assigned on Monday an A1 long-term issuer rating – its fifth-highest investment grade rating- to the Public Investment Fund (PIF). The […]

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The US tech giant Meta was slapped £1.5 million fine for breaching its obligation under the terms of an earlier order issued by the UK’s Competition and Markets Authority (CMA) watchdog, related to its acquisition […]

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Software company TurboTax is getting into cryptocurrency. TurboTax has partnered with Coinbase in order to allow users the option to deposit both state and federal tax returns into cryptocurrency.  Coinbase, a U.S. company that operates a […]

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A damning internal report into mining giant Rio Tinto’s workplace culture has found disturbing patterns of sexism, sexual harassment, sexual assault, and racism in its company.  The 85-page report was publicly published Tuesday by Rio […]

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As data is increasingly becoming the world’s new oil, the US tech giant Dell Technologies has announced its plans to invest over $20 billion in six major technologies in the next five years, including 5G […]

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The world’s oldest automaker, Daimler AG, has formally renamed itself as Mercedes-Benz Group AG. As of February 1, the German car manufacturer has restored the corporate name for the first time in nearly a quarter of […]

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As part of the “Google for India Digitization Fund” launched in 2020, Google will provide affordable access to smartphones to more than a billion Indians and speed up the use of cloud-based computing for business […]

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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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