Meta: Meta has commenced a restructuring process to lay off approximately 8,000 employees, representing roughly 10 percent of its global workforce, as part of a strategic shift to reallocate capital toward artificial intelligence. In an internal memor…
Berlin: Oil prices plunged on Wednesday, dropping more than 5 percent at settlement following statements from US President Donald Trump indicating that negotiations to end the conflict with Iran have entered their final stages. The benchmark Brent cru…
Geneva: The World Health Organisation announced on Wednesday that 600 cases of Ebola and 139 associated deaths have been recorded in the Democratic Republic of Congo, warning that figures are expected to rise due to the prolonged undetected spread of …
New york: The United Nations Conference on Trade and Development (UNCTAD) has projected global economic growth to slow from 2.9 percent in 2025 to 2.6 percent in 2026, warning that geopolitical risks have become the primary source of instability in th…
Abu dhabi: The Food and Agriculture Organisation of the United Nations warned on Wednesday that a prolonged closure of the Strait of Hormuz risks triggering a structural agrifood shock, which could culminate in a severe global food price crisis within…
Seoul: South Korea plans to extend the fuel tax cut scheme by two months through the end of July amid growing inflationary pressure in the wake of the Middle East crisis, the Korean Finance Ministry said Thursday. Finance Minister Koo Yun-cheol announ…
Washington: SpaceX aims to execute 10,000 launches annually within five years, the head of the US Federal Aviation Administration said Wednesday.
According to Emirates News Agency, FAA Administrator Bryan Bedford stated that he met with SpaceX Presi…
Abu dhabi: In the presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, and H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairma…