BEIJING / WAM China’s digital economy logged rapid expansion in recent years, with its scale increasing from 11 trillion yuan ($1.65 trillion) in 2012 to over 45 trillion yuan in 2021, official data showed. According to the state news agency (Xinhua), the proportion of the digital economy in China’s GDP rises from 21.6 percent to 39.8 percent in the ...

  Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (Added) on Monday signed a memorandum of understanding (MoU) with GE Digital to accelerate the digital transformation of the emirate’s manufacturing sector by leveraging innovative solutions to strengthen the UAE’s position as a global hub for the Fourth Industrial Revolution (Industry 4.0). The agreement was signed by Sameh ...

Bloomberg For all it’s been a tough year for equities, food delivery stocks have had it much worse. Just Eat Takeaway.com NV and Delivery Hero SE are among the 10 biggest losers in the Stoxx 600 Index in 2022, both down more than 60%, and when Deliveroo plc is added, the combined market value losses stand at $30 billion. The ...