Dubai Telegraph

Featured

Basel backs splashing the bucks to host Eurovision

Basel voters on Sunday overwhelmingly approved the city putting up nearly $40 million towards hosting next year's Eurovision Song Contest, meaning the continental TV extravaganza will go ahead with its customary full-on razzmatazz.

Edinburgh's alternative tour guides show 'more real' side of city

Edinburgh, one the most visited cities in Europe, is offering tourists the chance to see it from a different angle -- through the eyes of tour guides who have slept on its streets.

Last news

SoftBank's $40 bn sale of chip group Arm to Nvidia collapses

Japan's SoftBank confirmed Tuesday that the $40 billion sale of chip business Arm to Nvidia had collapsed because of "significant regulatory challenges" over concerns about competitiveness, and said it planned to now take the unit public.

SoftBank's sale of chip group Arm scrapped over regulator challenges

Japan's SoftBank confirmed Tuesday the collapse of a $40 billion deal to sell chip business Arm to Nvidia because of "significant regulatory challenges" over concerns about competitiveness.

Australia PM apologises for abuse, bullying in parliament

Australia's prime minister apologised for widespread sexual harassment, abuse and bullying of political staff Tuesday, a year after a high-profile rape allegation rocked the country's parliament.

Chinese women's Asian Cup win sparks calls for gender pay equality

The dramatic triumph of China's women footballers at the Asian Cup has sparked calls on social media for equal pay, with commenters contrasting their performance with the dismal men's side.

Chinese drug giant halts trading as US move triggers stock plunge

Wuxi Biologics suspended trading in Hong Kong on Tuesday following a record slump in its share price, after Washington added the Chinese pharmaceutical giant to a list that could restrict its US operations.

Asian markets mostly rise but inflation data, Fed plans in focus

Asian markets mostly rose Tuesday as investors await key US inflation data later in the week, though the volatility that has characterised the year so far is expected to continue as central banks bring an end to the era of cheap cash.

Mired in poverty, dozens of Lebanese join jihadists in Iraq

Zakaria al-Adl was presumed to have attempted a sea escape to Europe after he had gone missing over the summer, but then the young Lebanese man turned up dead in Iraq.

Nvidia to scrap $40bn takeover of chip firm Arm: report

US firm Nvidia is scrapping its $40 billion bid to buy UK mobile chip technology powerhouse Arm from SoftBank after persistent objections from regulators, the Financial Times reported Tuesday.

Lockheed Martin wins NASA contract to bring Mars samples back to Earth

Lockheed Martin's space division has won a NASA contract to build the rocket that will return the first Mars rock samples to Earth in the 2030s, the US space agency said Monday.

World must work together to tackle plastic ocean threat: WWF

Plastic has infiltrated all parts of the ocean and is now found "in the smallest plankton up to the largest whale" wildlife group WWF said on Tuesday, calling for urgent efforts to create an international treaty on plastics.

US eases Trump-era tariffs on Japanese steel

The United States will ease tariffs on steel imported from Japan, officials announced Monday, in the latest move by President Joe Biden's administration to resolve trade disputes started under his predecessor Donald Trump.

'Freedom Convoy' raises funds on Christian site after GoFundMe cutoff

The organizers of a trucker-led protest in Canada against Covid mandates have turned to a Christian fundraising site after being cut off by the popular GoFundMe platform.

No plans to quit Europe amid data spat: Facebook's Meta

Facebook's parent firm Meta said Monday it has no plans to pull its services from Europe, after raising the possibility amid an ongoing row over transferring European data to the United States.

Mountain glaciers hold less ice than thought, and that's bad news

Mountain glaciers shrinking due to climate change are less voluminous than previously understood, putting millions who depend on them for water supply at risk, researchers reported Monday.

Stocks waver as traders eye rate hikes, Ukraine

European stock markets rose on Monday but Wall Street fell as investors track corporate earnings, expected interest rate hikes and the standoff over Ukraine.

Stocks rise as traders eye rate hikes, Ukraine

Stock markets in the United States and Europe mostly rose Monday as investors track corporate earnings, expected interest rate hikes and the standoff over Ukraine.

France's nuclear ambitions take shape with turbine deal

French electricity giant EDF prepared Monday to close a deal for the nuclear turbines business of General Electric, the latest step in President Emmanuel Macron's plans to revive his country's atomic power drive.

Stocks steady as traders mull interest rate outlooks

Stock markets largely steadied Monday with sentiment dominated by the outlook for interest rate rises as inflation soars.

Spotify CEO says won't silence Rogan over racial slur

The head of music streaming giant Spotify Daniel Ek has condemned podcaster Joe Rogan's use of a racial slur but insisted that silencing him was not the answer.

Overmars quits Ajax over 'inappropriate' messages to female colleagues

Former Dutch international Marc Overmars resigned as sporting director of Ajax after admitting sending a "series of inappropriate messages" to female colleagues, the club announced.

Commodities drive Indonesia economic recovery in 2021

Indonesia's economy returned to growth last year as surging commodity prices helped drive a recovery from a coronavirus-triggered recession, data showed Monday, though officials warned the outlook depended on how well the fast-spreading Omicron variant is managed.

Toshiba unveils new plan to split into two companies

Japan's Toshiba on Monday announced plans to split into two companies, revising proposals to divide into three following a tumultuous period for the storied industrial conglomerate.

Asian markets mixed as US jobs data ramps up rate-hike bets

Asian markets fluctuated in early trade on Monday as a forecast-busting US jobs report reinforced optimism that the world's top economy was well on the recovery track but also ramped up interest rate hike expectations.

Cuba marks six decades under US sanctions

Cuba on Monday marks 60 years under a US economic blockade that has deeply affected the communist nation's fortunes and shows no signs of being lifted.

In-person Berlin film fest stands up to pandemic, streaming

The 72nd Berlin film festival opens Thursday, bucking a trend of pandemic on-the-couch streaming with a packed programme of live premieres featuring a stable of European screen legends.

Lata Mangeshkar 'Nightingale of India' dies aged 92

Bollywood superstar Lata Mangeshkar, known to millions as the "Nightingale of India" and a regular fixture of the country's airwaves for decades, died Sunday morning at the age of 92.

Wind powers change in England's industrial heartland

On the banks of the River Humber in northern England, the winds of change are blowing through Hull, where factory workers busily craft turbine blades in a green revolution.

Morocco boy found dead in tragic end to well ordeal

Moroccan emergency crews found a five-year-old boy dead at the bottom of a well late Saturday in a tragic end to a painstaking five-day rescue operation that gripped the nation and beyond.

Morocco bid to free boy from well reaches agonising final stretch

Morocco held its breath Saturday as rescue teams drew near a five-year-old boy trapped down a well for days, moving at a snail's pace for fear of triggering a landslip, AFP correspondents reported.

Ford curbs N.American production as chip shortage hits: media

Major automaker Ford will cut its North American vehicle production next week due to a semiconductor shortage, US media reported Saturday.

Metres to go in effort to free Moroccan boy from well

Moroccan rescuers were only metres away Saturday in their nerve-wracking but increasingly urgent effort to rescue Rayan, a five-year-old boy trapped underground whom they hope to find alive.

Austria Covid-19 'gargle' tests in expansion drive

Throughout the day, vans loaded with bags full of Covid PCR test kits arrive at a Vienna laboratory, currently analysing an average of 370,000 tests per day.

Oil prices extend gains as markets weigh strong US jobs data

Stocks were mixed Friday as markets weighed a surprisingly good US jobs report against concerns over tightening monetary policy, while oil prices pushed closer to $100 a barrel.

Meta adds 'personal boundary' tool after virtual world harassment

Facebook parent Meta began rolling out Friday a minimum distance between users' avatars in its virtual reality Horizon network after reports of harassment, one of the thorny issues for its metaverse vision.

Morocco bid to free boy from well reaches nerve-wracking final stages

Moroccan rescuers were in the nerve-wracking final stages Friday of a marathon effort to rescue Rayan, a five-year-old boy trapped down a well for a fourth night.

US lawmakers advance China competition bill

US lawmakers voted Friday to greenlight a multibillion-dollar bill aimed at jumpstarting high-tech research and manufacturing, countering China's growing influence and easing a global shortage of computer chips.

Oil prices, US jobs data weigh on stocks

A surge in oil prices to close to $93 per barrel as well as robust US jobs data weighed on stock prices Friday as they fuelled expectations central banks will move forcefully to raise interest rates.

US saw surprisingly robust hiring in January despite Covid surge

The US economy brushed off a spike in Covid-19 infections to add 467,000 jobs in January, far better than expected and a potential sign that the pandemic's days of disrupting businesses are numbered.

EU, US thaw trade tensions further with mollusc sales

The European Union and the United States signalled Friday a further thawing of trade tension as they agreed to resume trade in mussels, clams, oysters and scallops after a decade-long halt.

Dubai Telegraph - Economy (English)