Business

SK Telecom Co., South Korea’s premier wireless service provider, announced a strategic $100 million investment in U.S.-based artificial intelligence (AI) powerhouse, Anthropic. This move underscores…

China’s economic landscape is undergoing a seismic shift as it witnesses deflation for the first time since early 2021. Official data reveals a 0.3% decline in the consumer price index for July. This…

In a staggering turnaround, WeWork, once pegged at a valuation of $47 billion, saw its shares plummet to near zero. The company sounded the bankruptcy alarm, marking a monumental downfall for a…

The economic prospects of India, the world’s largest democracy, are poised to reach new heights with an expected annual growth rate of 6.7% from 2024, according to a report by leading research and…

Egypt’s economy has demonstrated significant resilience and growth, as indicated by a marked reduction of 61.2% in its current account deficit, down to just US$ 5.3 billion. This figure, reported in…

Prime Minister Narendra Modi launched the grand International Exhibition cum Convention Centre – Bharat Mandapam in New Delhi, proudly asserting it as a symbol of India’s vibrant and flourishing…

In a setback to the vibrant housing sector, the U.S. saw a slight dip in new single-family home sales in June, after a triumphant surge over three consecutive months. The overarching trend, however,…

Masdar and Iberdrola have entered into a strategic agreement to co-invest in Baltic Eagle, a 476-megawatt (MW) offshore wind farm situated in the German Baltic Sea. Under the terms of the agreement,…

Mubadala Energy, a global energy player, and Pertamina, Indonesia’s state-owned integrated energy firm, have joined forces. The collaboration focuses on energy transition initiatives, specifically…

The world watched as the United Arab Emirates (UAE) and Turkey took a significant stride in their relationship. The leaders of the two nations, President Sheikh Mohamed bin Zayed Al Nahyan of the UAE…