World Archives | Gulf Business

France short-haul flight ban comes into effect: What it means for travellers

Marisha Singh — Thu, 25 May 2023 00:59:43 +0000

Domestic flight journeys that can be completed by train in less than two-and-a-half hours banned by French Transport Ministry

The post France short-haul flight ban comes into effect: What it means for travellers appeared first on Gulf Business.

Meta unloads Giphy to Shutterstock at a loss of more than $260m

Marisha Singh — Wed, 24 May 2023 05:53:34 +0000

Facebook’s parent company Meta announced the sale of Giphy after its purchase of the GIF maker was blocked by competition regulators in the UK

The post Meta unloads Giphy to Shutterstock at a loss of more than $260m appeared first on Gulf Business.

Meta fined record $1.3bn in EU over US data transfers

Bloomberg — Tue, 23 May 2023 09:49:19 +0000

The Meta fine coincides with the fifth anniversary of the EU’s General Data Protection Regulation, widely seen as the world’s benchmark for privacy

The post Meta fined record $1.3bn in EU over US data transfers appeared first on Gulf Business.

What does India’s decision to withdraw INR2000 currency note mean?

Marisha Singh — Mon, 22 May 2023 11:58:27 +0000

The 2000-rupee note will remain legal tender, but citizens have been notified to deposit or exchange these notes

The post What does India’s decision to withdraw INR2000 currency note mean? appeared first on Gulf Business.

G7 Hiroshima Summit: Financial stability, energy transition and AI in joint statement

Marisha Singh — Mon, 22 May 2023 10:31:40 +0000

The G7 summit saw leaders speak on the banking turmoil, cryptocurrency markets, generative artificial intelligence and climate change

The post G7 Hiroshima Summit: Financial stability, energy transition and AI in joint statement appeared first on Gulf Business.

Arab League Summit begins in Jeddah

Marisha Singh — Fri, 19 May 2023 11:03:11 +0000

The 32nd Arab League summit brings together 22 member countries and five observer nations in Saudi Arabia's coastal town

The post Arab League Summit begins in Jeddah appeared first on Gulf Business.

UAE-UK inaugural strategic dialogue: key takeaways

Marisha Singh — Fri, 19 May 2023 08:03:25 +0000

The strategic dialogue builds on the 2021 bilateral meet during which the two countries agreed to establish a partnership for the future

The post UAE-UK inaugural strategic dialogue: key takeaways appeared first on Gulf Business.

BT announces plans to cut up to 42% of jobs by 2030

Bloomberg — Fri, 19 May 2023 04:30:21 +0000

Chief executive officer Philip Jansen has been quietly shrinking the workforce over the last five years as he works to grow profit

The post BT announces plans to cut up to 42% of jobs by 2030 appeared first on Gulf Business.

MDEC: $2.8tn ripe for digitalisation in global Islamic economy

Neesha Salian — Mon, 08 May 2023 11:38:51 +0000

Muslims worldwide estimated to spend $2.8tn by 2025 on Islamic faith-inspired consumption needs – and Malaysia looks to capture digitalisation opportunities in the sector through MDEC

The post MDEC: $2.8tn ripe for digitalisation in global Islamic economy appeared first on Gulf Business.

Disney begins second round of job cuts, affecting thousands

Divsha Bhat — Tue, 25 Apr 2023 04:48:54 +0000

Disney’s latest job reductions are part of chief executive officer Bob Iger’s ambition to save $5.5bn in annual costs

The post Disney begins second round of job cuts, affecting thousands appeared first on Gulf Business.