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18935 articles published since 08 Mar 2022

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Dubai airport logs record travellers in first half
Dubai airport logs record travellers in first half
Economy

Dubai International Airport welcomed a record 46 million passengers in the first half of this year, authorities said on Tuesday, despite disruptions due to the Iran-Israel war The facility marked its busiest first half on record with a 2.3 percent year-on-year growth, Dubai Airports said in a statement, "despite temporary regional airspace disruptions in May and June".

Stock markets fall as trade relief fades, eyes on data and earnings
Stock markets fall as trade relief fades, eyes on data and earnings
Economy

Stocks fell Tuesday as the positivity sparked by recent US trade deals dissipated, with investors now focused on the release of key data and earnings, and the Federal Reserve's next policy meeting. Investors are also looking ahead to a busy few days that includes earnings from tech titans Apple, Microsoft, Meta and Amazon, as well as data on US economic growth and jobs creation.

Palantir, the AI giant that preaches US dominance
Palantir, the AI giant that preaches US dominance
Economy

Palantir, an American data analysis and artificial intelligence company, has emerged as Silicon Valley's latest tech darling -- one that makes no secret of its macho, America-first ethos now ascendant in Trump-era tech culture. Palantir was founded in 2003 by Peter Thiel -- Silicon Valley's preeminent conservative -- Karp, and others with CIA backing.

EU car industry sees relief - and pain - in US trade deal
EU car industry sees relief - and pain - in US trade deal
Economy

The car industry in the EU on Monday viewed the trade deal struck with the United States as a de-escalation -- but one that still puts sand in its gearbox. The 15 percent rate was similar to one reached in the deal the United States struck with Japan, another major car-exporting country.

AI Ray-Ban Meta glasses help EssilorLuxottica boost sales
AI Ray-Ban Meta glasses help EssilorLuxottica boost sales
Economy

EssilorLuxottica, the world's top maker of eyeglasses, said Monday a tripling of sales of Ray-Ban Meta AI connected glasses helped drive increase in profits. EssilorLuxottica said AI glasses gained momentum in the first half of the year, with Ray-Ban Meta more than tripling in revenue year-over-year.

Europe's carmakers still nervous despite EU-US trade deal
Europe's carmakers still nervous despite EU-US trade deal
Economy

Europe's auto industry is relieved that the EU-US trade deal reduces short-term uncertainty but many, particularly in the struggling German sector, remain deeply worried about the long-term impact. - German industry woes - The German auto sector stands to be hit particularly hard, with the United States the top market for German vehicle exports last year, receiving about 13 percent of the total.

Telegram's Durov questioned in France over alleged illegal content on app
Telegram's Durov questioned in France over alleged illegal content on app
Economy

Telegram founder Pavel Durov faced questioning by investigating magistrates in Paris on Monday about the platform's alleged complicity in criminal activity, sources close to the case said. Arriving at the Paris courthouse on Monday morning, the Russian-born entrepreneur faced his third round of questioning since being charged with multiple infractions linked to enabling organised crime.

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