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The New York Times said that is preparing to fire some 10,000 workers in corporate and technical positions starting this week. The Wall Street Journal cited a person who claimed the business intended to fire thousands of workers. According to the article, the cuts would be the biggest in the company’s history and would mostly […]
UAE CEOs, who make up more than twice as many CEOs as those from other countries, are more confident than their global counterparts about their company’s future than average, with 60% of them anticipating earnings growth of between 2.5 and 4.5% annually over the next three years. These conclusions are among the most recent ones […]
Top officials urged affluent nations to finally fulfil their broken $100 billion promise as the U.N.’s premier climate summit got underway, and the contentious topic of reparations was added for the first time to the official agenda. Delegates from around 200 nations have gathered in Egypt’s Red Sea resort town of Sharm el-Sheikh for the […]
Without giving specific figures, Twitter and Tesla CEO Elon Musk stated on Friday that the social media network has experienced a “huge loss in revenue” as a result of advertisers stopping their expenditure there. Despite Musk’s assertions of the revenue dip, MediaRadar, an ad analytics tool, found that Twitter’s ad spending had been declining before […]
The so-called Uber Files’ leaker, Mark MacGann, claimed on Wednesday that although the ride-hailing company appeared to be making progress in improving its workplace culture, its business model was still “clearly” unsustainable. In an aggressive effort to enter new markets from 2013 to 2017, Uber Technologies Inc. breached the law and secretly influenced lawmakers, according […]
In order to create a worldwide digital supply chain for its clients, COSCO Shipping Holdings Co Ltd announced on Monday that it had reached an agreement to purchase port assets from its parent for a total of 19.7 billion yuan ($2.7 billion). The Chinese shipping company announced that it would pay 18.9 billion yuan to […]
After six months of public and legal battling over the purchase, Elon Musk finally completed his $44 billion acquisition of Twitter, according to sources familiar with the situation, placing the world’s richest man in charge of the faltering social network. Twitter will now be a private corporation and shareholders will receive $54.20 per share. The […]
“I will unite our country, not with words, but with action”, Rishi Sunak swears in as the new Prime Minister of the United Kingdom, after his predecessor Liz Truss resigned. Rishi Sunak, who was selected as prime minister at the age of 42, has surpassed his former boss David Cameron, who held the record at […]
Jeffry Azmi Mohd Shah has been named the new Chief Executive Officer of Sun Life Malaysia Takaful Berhad (SLMT) with immediate effect, according to a statement released by Sun Life Malaysia, a life insurance and family takaful company. In his role as CEO, Jeffry will be in charge of creating and implementing strategic initiatives to […]
The recipients of the Nobel Peace Prize are representatives of domestic civil society. They have long supported the freedom to challenge the status quo and defend citizens’ basic rights. They have worked extremely hard to gather evidence of power abuse, war crimes, and violations of human rights. Together, they serve as an example of the […]
A new board has been established by the Abu Dhabi Chamber of Commerce and Industry for the Abu Dhabi Businesswomen Council (ADBWC). The action is a component of the chamber of commerce’s initiatives to assist businesswomen and female entrepreneurs in the emirate so that they may improve their economic impact on the capital city. The […]
Yesterday, Eviation’s Alice electric aircraft made its inaugural flight, hinting at a time when regional trips of hundreds of miles will be completed with no emissions and a great deal less noise. Even though it’s still some time off, today’s demonstration demonstrates that it’s only a matter of time and money. The Alice is a […]
