Chinese markets have responded positively to a new and "unprecedented" set of tools introduced by Beijing to stabilize capital markets and restore confidence, though concerns remain about whether these actions will be enough to rejuvenate the broader economy. The People's Bank of China (PBoC) announced on Tuesday a substantial Rmb800bn...

Nigerian billionaire Aliko Dangote is establishing a family office in Dubai, joining a growing number of ultra-wealthy individuals who have turned to the Middle East's financial hub in recent years. With a personal fortune of $13.2 billion, Dangote is the richest person in Africa and ranks 168th on the global...

Google is rolling out updated Street View imagery across nearly 80 countries, including Australia, Brazil, Denmark, Japan, the Philippines, Rwanda, Serbia, and South Africa. This update will also introduce Street View to several countries for the first time, including Bosnia and Herzegovina, Namibia, Liechtenstein, and Paraguay. The tech giant credits...

Stellantis has begun the search for a successor to its CEO, Carlos Tavares, amid rising tensions with dealership networks and autoworker unions. Though there remains a possibility for Tavares to extend his role beyond his current contract, which expires in 2026, sources indicate the company is considering future leadership options....

President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with Microsoft CEO Satya Nadella, BlackRock CEO Larry Fink, and Nvidia CEO Jensen Huang in Washington, D.C., to discuss the rapid advancements in technology and artificial intelligence (AI). These meetings were part of Sheikh Mohamed’s official visit to the United...

Denmark, one of 52 nations supporting development projects through the World Bank's initiative, is urging other countries to join in addressing the world's most urgent development and climate challenges. The country has announced plans to nearly double its financial commitment to the International Development Association (IDA), the World Bank’s fund...

The World Bank has cast doubt on Indonesia’s ambition to become a high-income economy by 2045, outlining significant challenges that middle-income nations typically face in making such a leap. To achieve this target, which coincides with the country’s centenary of independence, Indonesia would need to sustain annual GDP growth of...

OpenAI has launched a new initiative called OpenAI Academy, aimed at empowering developers from low and middle-income countries by awarding $1 million in API credits. The program seeks to ensure that the transformative potential of artificial intelligence is shared across underserved communities worldwide, according to the company’s announcement. The blog...

JP Morgan Chase CEO Jamie Dimon predicted that India is on track to become a $7 trillion economy by 2030, citing the country’s robust digital and physical infrastructure that continues to attract multinational corporations. Dimon credited Prime Minister Narendra Modi's leadership for positioning India as a key global player, sharing...