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Workers are worried about AI taking their jobs. Artists say it's already happening.

Goldman Sachs predict that 300 million jobs could be disrupted by AI, with workers worrying that they could soon be replaced by technology.

2023-10-01T09:24:26Z

Japan startup develops 'Gundam'-like robot with $3 million price tag

By Satoshi Sugiyama and Chris Gallagher YOKOHAMA, Japan (Reuters) - Tokyo-based start-up Tsubame Industries has developed a 4.5-metre-tall (14.8-feet), four-wheeled robot that looks like "Mobile Suit Gundam" from the wildly popular Japanese animation series, and it can yours for $3 million. Called ARCHAX after the avian dinosaur archaeopteryx, the robot has cockpit monitors that receive images

2023-10-02T01:06:42Z

China's factory activity recovery slows in September - Caixin PMI

BEIJING (Reuters) -China's factory activity expanded at a slower pace in September, a private-sector survey showed on Sunday, with sluggish external demand weighing on the outlook even as output increased. The Caixin/S&P Global manufacturing purchasing managers' index (PMI) fell to 50.6 in September from 51.0 in the previous month, missing analysts' forecasts of 51.2. The 50 index point mark

2023-10-01T23:11:26Z

SingTel to sell stake in Trustwave for $205 million

(Reuters) - Singapore Telecommunications on Monday said it entered into an agreement with MC2 Titanium, LLC to sell its stake in cyber security business Trustwave for $205 million. Southeast Asia's largest telecom firm began a strategic review of its 98% interest in Trustwave in 2021 after buying it for $770 million in 2015. The divestment comes after SingTel incurred an impairment charge of S

2023-10-01T22:56:35Z

Tesla launches updated Model Y in China, keeps starting price unchanged

SHANGHAI (Reuters) - U.S. automaker Tesla on Sunday released an updated version of its Model Y in China, with minor changes to the vehicle's exterior and interior. The changes include a new wheel design, according to a post by Tesla's official WeChat account. The starting price in China for the Model Y, the company's global best-seller, was unchanged at 263,900 yuan ($36,146). Tesla unveiled a

2023-10-01T07:45:25Z

Sam Bankman-Fried wanted to pay Donald Trump not to run for office. The price? $5 billion, says his biographer.

Sam Bankman-Fried, the disgraced FTX founder, heard that it would cost $5 billion to get Donald Trump not to run for office, Michael Lewis reported in his book, "Going Infinite."

2023-10-02T02:20:40Z

Germany welcomes China's support for G20 debt restructuring framework

BERLIN (Reuters) -Germany has welcomed a show of support from China for the G20 debt restructuring framework for poorer countries in a joint statement after their financial dialogue in Frankfurt over the weekend. "We welcome the fact that the Chinese side is also committed to this in our Joint Statement, because solutions are inconceivable without China as such an important player in world

2023-10-02T00:56:45Z

Japan startup develops 'Gundam'-like robot with $3 million price tag

By Satoshi Sugiyama and Chris Gallagher YOKOHAMA, Japan (Reuters) - Tokyo-based start-up Tsubame Industries has developed a 4.5-metre-tall (14.8-feet), four-wheeled robot that looks like "Mobile Suit Gundam" from the wildly popular Japanese animation series, and it can be yours for $3 million. Called ARCHAX after the avian dinosaur archaeopteryx, the robot has cockpit monitors that receive

2023-10-02T05:46:55Z

Oil records weekly loss but gains 22% in third quarter amid tightening supplies

Oil prices recorded a weekly loss last week on profit-taking and macroeconomic concerns but rose by about 22 per cent during the third quarter on tight supplies. Brent, the benchmark for two thirds of the world’s oil, settled 0.97 per cent lower at $92.20 a barrel on Friday. West Texas Intermediate, the gauge that tracks US crude, closed down 1 per...

2023-10-01T07:42:31Z

Credit Suisse, Mozambique secure out-of-court 'tuna bond' settlement

By Noele Illien and Kirstin Ridley ZURICH (Reuters) -Credit Suisse has reached an 11th-hour out-of-court settlement with Mozambique over the decade-old $1.5 billion-plus "tuna bond" scandal, the Swiss bank's new owner UBS said on Sunday, drawing a line under a damaging dispute it inherited. "The parties have mutually released each other from any liabilities and claims relating to the

2023-10-01T13:25:52Z

UAW strike chaos isn't all good news for Tesla

A big contract win for the United Auto Workers could give the union the credibility it needs to organize at Tesla and other automakers, experts said.

2023-10-01T10:59:31Z

Generation Start-up: How Shaffra is helping companies enter the metaverse affordably

Put on your virtual reality headsets and enter a new dimension. That is the message that Shaffra, a metaverse-as-a-service platform, has been trying to get across the UAE and the wider Gulf region. The start-up is focusing on how corporates and large entities such as government agencies can benefit from using the metaverse technology today. It has ...

2023-10-02T03:44:34Z

Nagorno-Karabakh: How the conflict is affecting global energy dynamics

Frozen conflicts sometimes rekindle but rarely melt away entirely. Azerbaijan may have just achieved that, retaking the territory of Nagorno-Karabakh from Armenia. Defeat for Russia’s position in the Caucasus and a success for Turkey reconfigures power in this critical region of energy transit. Nagorno-Karabakh, the “mountainous black garden”, was ...

2023-10-02T03:14:35Z

Peru Inflation Cools as Central Bank Braces for El Nino

Peru’s annual inflation slowed more than expected in September, as the central bank warns that price increases may remain above target due to looming effects from El Nino on farming.

2023-10-01T15:19:21Z

Saudi Arabia to tap international debt markets

Kingdom expects budget deficit of 2% of GDP this year

2023-10-01T13:03:30Z

Thailand to inject $15.2 billion into economy through digital wallet plan - PM

BANGKOK (Reuters) - Thailand's Prime Minister Srettha Thavisin said on Monday his government would inject 560 billion baht ($15.23 billion) into the economy next year through its signature digital wallet policy. The stimulus will be driven by the key plank of Srettha's Pheu Thai Party's electoral platform, where each citizen over 16 will receive a 10,000 baht ($282) handout in the form of digital

2023-10-02T03:21:45Z

Amazon sent an email that sounded like a gift card scam to warn about gift card scams, confusing customers

Amazon customers were confused when the company sent them an email telling them they had bought a gift card and warning about scams. But the customers never purchased a gift card.

2023-10-01T18:00:03Z

Bain Capital invests $200 million in Vietnam conglomerate Masan

HANOI (Reuters) -U.S. private equity firm Bain Capital has made its first investment in Vietnam, with at least $200 million in the Masan Group conglomerate, and could bring in other investors to raise that to $500 million, the firms said on Monday. The deal is set to boost competition in Vietnam's retail market, as rapid urbanisation draws domestic and foreign investors looking to expand or gain

2023-10-02T05:07:02Z

How companies spy on their employees as they push return-to-office — from monitoring badge swipes to tracking breaks

Companies like JPMorgan, Amazon, and Goldman Sachs monitor compliance with return-to-office mandates by keeping electronic tabs on workers.

2023-10-01T09:14:20Z

Thailand to inject $15.2 billion into economy through digital wallet plan - PM

BANGKOK (Reuters) - Thailand's Prime Minister Srettha Thavisin said on Monday his government would inject 560 billion baht ($15.23 billion) into the economy next year through its signature digital wallet policy. The stimulus will be driven by the key plank of Srettha's Pheu Thai Party's electoral platform, where each citizen over 16 will receive a 10,000 baht ($282) handout in the form of digital

2023-10-02T03:51:46Z

Ackman Considers Musk’s X for New Investment Vehicle, WSJ Says

Billionaire Bill Ackman would be interested in pursuing a deal with Elon Musk-owned X Corp. as part of a new investment vehicle, the Wall Street Journal reported.

2023-10-02T03:50:18Z

Peruvian annual inflation eases to lowest level in more than two years

(Reuters) - Annual inflation in Peru decelerated to 5.04% in September to hit its lowest level in more than two years, according to official figures published on Sunday, though consumer prices remained some way above the central bank's target rate. Data from national statistics agency INEI showed the key index based on the metropolitan region of Lima slowed to its lowest level since August 2021,

2023-10-01T15:20:50Z

Is pilot shortage holding back Akasa Air and India's aviation sector from taking off?

Akasa Air, the latest addition to India’s list of airlines, had been flying high following its launch last year. Recently, however, it has hit some turbulence, as dozens of pilots walked out, leading to hundreds of cancelled flights and angry customers. Experts say the challenge Akasa is facing only highlights what is set to become a much bigger pr...

2023-10-02T04:44:09Z

Abu Dhabi's non-oil economy grows 12.3% in second quarter to hit highest level since 2014

Abu Dhabi's non-oil gross domestic product grew by an annual 12.3 per cent to Dh154 billion ($41.96 billion) in the second quarter of this year, the highest since 2014, as the emirate continues to diversify. The emirate's total GDP for the three months to the end of June also grew by 3.5 per cent on an annual basis, underpinning the “competitivenes...

2023-10-02T05:59:07Z

Philippines eyes maiden sukuk issue in November

MANILA (Reuters) - The Philippines plans to issue its maiden sukuk bonds by the end of November, its finance secretary said, as it seeks to develop alternative funding sources for its budget. Finance Secretary Benjamin Diokno, who last month said he hoped to raise $1 billion from the maiden offer, said the government will target institutional funds in the Middle East which would be allowed to buy

2023-10-01T16:05:56Z

Turning the tide: Sri Lanka's remarkable investment renaissance in Abu Dhabi, Dubai

UAE Investment Forum was a watershed moment, thrusting Sri Lanka and Port City Colombo into the limelight of the investor community

2023-10-01T10:48:21Z

Oil to sustain rally ahead of Opec+ meet on October 4

Producer group and allies unlikely to change current output policy

2023-10-01T12:03:25Z

Applebee's is bringing back the $1 margarita that miraculously lifted the company out of a sales slump

Applebee's is reintroducing its iconic $1 margarita to its menu after three-year hiatus.

2023-10-01T12:04:35Z

BOJ board discussed factors that could affect exit timing - Sept summary

By Leika Kihara TOKYO (Reuters) - Bank of Japan policymakers discussed various factors that must be taken into account when exiting ultra-loose policy, a summary of opinions at their September meeting showed on Monday. One board member said the second half of the current fiscal year, ending in March 2024, will be an "important period" in determining whether the BOJ's price target will be

2023-10-02T00:26:42Z

S&P raises Oman's credit rating on higher crude prices and non-oil sector growth

S&P Global Ratings has raised Oman's long-term foreign and local currency sovereign credit ratings to "BB+" from "BB" with a stable outlook on "favourable" oil sector dynamics, along with higher output in the non-hydrocarbon sector. The "BB+" rating is one notch below investment grade. "High hydrocarbon prices should continue to support fiscal surp...

2023-10-01T10:12:38Z

Adipec gathers global energy leaders in Abu Dhabi tomorrow

Event is expected to attract more than 160,000 attendees

2023-10-01T13:48:33Z

Interest is allowed to calculate taxable income, albeit with conditions

Interest capping rules have been introduced in the UAE’s corporate tax law

2023-10-01T12:03:25Z