Bloomberg Intel Corp. is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with a sputtering personal-computer market. The layoffs will be announced as early as this month, with the company planning to make the move around the same time as its third-quarter earnings report, said the people, who asked not to ...

Bloomberg The pound rallied and UK bonds surged as more of Prime Minister Liz Truss’s package of unfunded tax cuts were reversed. Stocks rise, with investors preparing for a number of key earnings reports this week. Chancellor Jeremy Hunt said the UK will raise £32 billion ($36.15 billion) with new measures, scrapping plans to cut income tax and dropping a ...

  Bloomberg Chinese regulators are ramping up efforts to support the stock market, which saw little reprieve from President Xi Jinping’s speech amid continued pressure from geopolitical tensions and the Covid Zero policy. A series of market-supporting measures are in the pipeline, including proposals to encourage companies to buy back shares and to ease curbs on short-term transactions by overseas ...

  Abu Dhabi / Gulf Time The Emirati Talent Competitiveness Council (ETTC) and AD Ports group have signed an MoU to enhance the participation of UAE nationals in the private sector. As per the terms of the agreement, AD Ports will be working with Nafis to recruit 7,500 UAE nationals over the next five years, at a rate of 1,500 jobs ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, made a phone call to His Excellency Recep Tayyip ErdoÄŸan, President of the Republic of Türkiye, during which he offered his sincere condolences over the victims of the explosion that occurred in a mine in the northern state of Bartın, which resulted in the deaths and ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) has marked another breakthrough by achieving the Guinness World Records title for the second time for owning and managing the Largest Single-Site Water Desalination Facility in the World with production capacity of 490 million Imperial Gallons of water per Day, which is equivalent to 2,227,587 cubic metres per day. This is ...

Bloomberg Food importers from Africa to Asia are scrambling for dollars to pay their bills as a surge in the US currency drives prices even higher for countries already facing a historic global food crisis. In Ghana, importers are warning about shortages in the run up to Christmas. Thousands of containers loaded with food recently piled up at ports in ...

  Dubai / Gulf Time Emirates’ flagship A380 made a landmark touchdown at Bengaluru’s Kempegowda International Airport, marking the first commercial flight to the South Indian city’s airport of the world’s largest passenger aircraft. The special service from Dubai to Bengaluru, operating as EK562 and greeted with a procession of follow-me vehicles, arrived ahead of the launch of scheduled A380 ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has marked another breakthrough by achieving the Guinness World Records title for the second time for owning and managing the Largest Single-Site Water Desalination Facility in the World with production capacity of 490 million Imperial Gallons of water per Day, which is equivalent to 2,227,587 cubic metres per day. This ...

Dubai / WAM The 1 Billion Meals initiative, the region’s largest food donation drive to support the underprivileged and undernourished in 50 countries across four continents, announced the completion of the distribution of more than 2.5 million meals across seven Asian countries, in collaboration with the Mohammed bin Rashid Al Maktoum Humanitarian and Charity Establishment (MBRCH). Organised by Mohammed bin ...