Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Northern Ireland’s executive faces the “inescapable” prospect of having to start charging households for water to help fund its infrastructure needs, the region’s budgetary watchdog has said.The warning on Tuesday, from the independent Northern Ireland Fiscal Council, came a day ahead of the UK government’s spending review in which the region’s Stormont executive is hoping for an increase in its funding from London.The region’s strained finances have hampered much-needed investment in infrastructure. Some large new housing developments have been put on hold…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Snap plans to relaunch its smart glasses to consumers next year, as the social media company rejoins a costly battle with Meta, OpenAI and Apple to create new artificial intelligence-powered wearable devices. The Los Angeles-based company on Tuesday announced a new device called “Specs”, a decade after its first camera glasses, which after an initial buzz of excitement ultimately failed to catch on with consumers. Since then, chief executive Evan Spiegel has invested more than $3bn to build and develop Snap’s own…
Image credit: Emirates/Website Emirates has introduced a new complimentary coach service for Economy Class passengers flying to and from Clark International Airport (CRK), further expanding its services for Filipino travelers. Starting June 10, the new service will link Trinoma in Quezon City directly to Clark International Airport in Pampanga, offering a smoother and more accessible travel experience. Read-Emirates SkyCargo launches new vertical: Here are all the details The dedicated coach service will operate for Emirates passengers holding valid Economy Class tickets issued by the airline (ticket numbers beginning with 176). Pick-up and drop-off points are located at the New Genesis…
McDonald’s stock was heading for its longest losing streak in 12 years after Redburn Atlantic recommended investors sell due to concerns over the impact of weight-loss drugs and relatively high prices. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldCitigroup is poised to increase provisions for potential bad loans by hundreds of millions of dollars for the second quarter, in a sign of growing financial stress among US consumers and businesses. “Given the macro environment [and] cost of credit compared to last quarter, we expect to be up a few hundred million dollars,” Citi’s head of banking Vis Raghavan told investors at a Morgan Stanley conference on Tuesday.The increase comes amid concerns that Donald Trump’s tariffs will slow US…
Musk has succeeded in one bold move in distancing himself — and thereby Tesla — from Trump and the MAGA brand. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Being 13 is tough. Your mum doesn’t get you. Your body is changing in strange ways that you don’t understand. School means running a gauntlet between cruel bullies and baffling maths classes. And to cap it all off, you don’t have any elbows.That last part may not be quite as relatable for the general readership, but it’s the precise predicament of Teen, the protagonist of the charming, oddball new indie game To a T. Teen’s arms stick out perpendicular to his body,…
Apple didn’t deliver any major AI announcements at its annual developers conference, but some analysts see other ways for the company to win in AI and drive iPhone sales. Source link
Investors shouldn’t be lulled into a sense of complacency, as the record high for the S&P 500 could be the next resistance level to watch. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The phrase “data is the new oil” has added meaning in the Gulf. Leaders in the region are investing heavily in artificial intelligence to diversify and modernise their fossil fuel-dependent economies. “Instead of exporting oil, we will export data,” said Saudi Arabia’s minister of finance, Mohammed al-Jadaan, early this year. The ambition makes sense. AI requires lots of capital, land and energy. The Gulf has all those in abundance. Humain, Saudi Arabia’s new state-owned AI company, is backed by the country’s $940bn…