Author: Arabian Media staff
Image credit: WAM/Website Global air and travel services provider dnata has introduced a fleet of autonomous electric tractors at Dubai World Central – Al Maktoum International Airport (DWC), marking a significant step forward in smart ramp operations. Read-Timeline revealed: Driverless Ubers to hit Dubai roads The company is now operating six electric EZTow autonomous tractors developed by TractEasy, capable of towing up to four baggage containers (ULDs) at a time along pre-defined routes at speeds of up to 15 km/h, according to a WAM report. Traditionally, baggage movement between terminals and aircraft has relied on human-operated vehicles working under tight…
“The job market has become more soul-crushing than ever.” These steps can lead you to success. Source link
This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersHello and welcome to Energy Source, coming to you today from London and Calgary.In recent days I have been looking at expectations for oil demand growth this year and yet again forecasts are far apart. Last Friday the International Energy Agency said it expected global oil consumption to grow at its slowest pace since 2009, outside of the coronavirus pandemic, cutting its forecast…
Image: Getty Images The United Arab Emirates is at the forefront of a growing global trend in artificial intelligence governance, with more organisations appointing chief AI officers (CAIOs) than any other country surveyed, according to a new global study by the IBM Institute for Business Value (IBV), conducted in collaboration with the Dubai Future Foundation (DFF). The study, based on a global survey of over 600 CAIOs across 22 countries and 21 industries, reveals that 33 per cent of organisations in the UAE have appointed a CAIO, compared to the global average of 26 per cent. These leadership roles are…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nissan unveiled plans to end production after almost seven decades at the first car plant in Japan to use robots, just days before a crunch election in the world’s fourth-largest economy.The Japanese carmaker said on Tuesday that it would close the Oppama factory if it failed to find a buyer by the time production ceases in March 2028, marking the end of an era for one of Japan’s most renowned car plants that has produced almost 18mn vehicles.“We understand this is a…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A global climate alliance of top banks is at risk of losing key European members after lenders refused to commit to remaining in the group, further weakening its position after an exodus of Wall Street firms. Barclays, which joined in 2021, declined to confirm its membership plans in a conversation with the Net-Zero Banking Alliance’s leadership in recent days, a banker familiar with the matter said. The bank had discussed dates for its possible departure and was considering investors’ responses to HSBC’s…
This article is an on-site version of our Chris Giles on Central Banks newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersHello from FT towers in London — I’m Joel Suss, standing in for Chris Giles. Another week, another threat to oust Jay Powell. Markets seem unperturbed, with muted reaction to reports on Friday and over the weekend that President Donald Trump was again looking into firing the Federal Reserve chair, this time because of refurbishment cost overruns at the central bank. Markets also largely…
Saudi Arabia has reinforced its dominance in the Middle East and North Africa’s venture capital landscape, securing the top spot in H1 2025 with a total VC funding of $860m (SR3.2bn) — already surpassing the Kingdom’s full-year VC total for 2024. The “H1 2025 MENA Venture Investment Report” from venture data platform MAGNiTT revealed that Saudi Arabia accounted for 56 per cent of total capital deployed across the MENA region, underscoring its pivotal role in shaping the region’s startup and innovation economy. The Kingdom also saw a record-breaking 114 VC deals during the first six months of the year, signalling…
Stay informed with free updatesSimply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox.Standard Chartered has begun allowing institutional clients to directly trade bitcoin and ether, becoming the first major bank to enable spot cryptocurrency transactions.The London-based lender said it had launched bitcoin/dollar and ether/dollar trading from Tuesday for institutional clients such as corporates, asset managers and investors, and would soon add so-called non-deliverable forwards — contracts in which no physical settlement of the currencies takes place.The move highlights how crypto is becoming increasingly entwined with mainstream finance, and comes as more traditional companies seek to…
Two economics professors say the U.S. is facing another big shock from China, and it could be worse than the first. They have a survival plan. Source link