BUSINESS

US delivery service DoorDash has agreed to take over UK peer Deliveroo in a deal worth GBP2.9 billion ($3.9 billion), according to a joint statement on Tuesday.

The dollar rose in Asia on Tuesday fuelled by hopes for trade deals to avert Donald Trump's sweeping tariffs, while equities were mixed as investors await the Federal Reserve's latest policy decision.

OpenAI CEO Sam Altman announced Monday that the company behind ChatGPT will continue to be run as a nonprofit, abandoning a contested plan to convert into a for-profit organization.

Oil prices slumped on Monday after OPEC+ countries announced a sharp production increase despite oversupply concerns and growing fears that US President Donald Trump's trade war could weaken demand.

With their sleek curves and chrome grilles, the classic American cars on sale at Yosuke Fukuda's yard ooze Californian cool but on Japanese roads new US vehicles are a rare sight -- much to President Donald Trump's annoyance.

Stung by the rocketing price of eggs -- and US supermarkets rationing a basic breakfast staple -- Yong-mi Kim decided to get some chickens to secure her own supply in southern California.

Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and were disrupting its supply chain.

A US judge on Wednesday accused Apple of defying an order to loosen its grip on the App Store payment system to the point that criminal charges could be warranted.

US GDP figures for the first quarter are expected to show a sharp drop-off in growth -- and possibly even a recession -- reflecting a surge in imports before President Donald Trump's sweeping tariffs came into effect.

Social media behemoth Meta unveiled its first standalone AI assistant app on Tuesday, challenging ChatGPT by giving users a direct path to its generative artificial intelligence models.

Amazon on Monday launched its first batch of Project Kuiper internet satellites, marking the start of its push to rival Elon Musk's Starlink.

Emirates' new partnership with the Sharjah Commerce & Tourism Development Authority (SCTDA), effective immediately, will focus on launching targeted promotional campaigns and curated travel packages.

Stocks mostly rose on Monday as investors assess how the land lies on the trade war front with countries seeking to temper Donald Trump's eye-watering tariffs.

China's top leaders pledged on Friday to step up support for the economy and oppose "unilateral bullying" in global trade in a veiled rebuke of hefty tariffs imposed by US President Donald Trump.

New Intel chief executive Lip-Bu Tan on Thursday announced upcoming layoffs at the struggling US chip maker as White House tariffs and export restrictions muddy the market.

Google parent Alphabet on Thursday reported profit of $34.5 billion in the recently ended quarter, powered by its cloud computing and artificial intelligence operations.

Tesla electric car sales in Europe plunged in the first three months of the year, industry data showed Thursday, in a fresh blow to its boss Elon Musk who has been criticised for his work in US President Donald Trump's administration.

The EU on Wednesday slapped Apple and Meta with 700 million euros in fines for breaking digital competition rules, risking the wrath of US President Donald Trump.

The World Economic Forum confirmed Wednesday that it has launched an investigation into allegations made against its founder Klaus Schwab that reportedly prompted his resignation this week.

OpenAI is ready to buy Chrome if Google is forced to sell its popular browser as part of antitrust trial, a top executive testified Tuesday, according to media reports.

Elon Musk will significantly scale back his Trump administration work in May to focus on Tesla, the billionaire announced Tuesday as the electric vehicle maker reported a 71 percent drop in first-quarter profits.

Swiss pharmaceutical giant Roche on Tuesday announced plans to invest $50 billion in the United States over the next five years, following in the footsteps of rival Novartis, with US President Donald Trump's tariff war fuelling uncertainty in the sector.

US government attorneys urged a federal judge Monday to make Google spin off its Chrome browser, arguing artificial intelligence is poised to ramp up the tech giant's online search dominance.

IBM in the Gulf, Levant, and Pakistan, Shukri Eid explained that IBM is helping businesses use AI effectively in areas like HR, supply chain, procurement, and app development by identifying use cases that deliver strong results.

Sanaa Ouahmane, CEO of the Mobility Services division at AW Rostamani Group, emphasized that the partnership with UAEV is focused on more than just business—it aims to improve customer awareness, make EV charging more accessible, and promote sustainability.

Asian crime networks running multi-billion-dollar cyber scam centres are expanding their operations across the world as they seek new victims and new ways to launder money, the UN said on Monday.

The World Economic Forum said on Monday that its founder Klaus Schwab has stepped down from the board, turning a page in the history of the organisation that hosts the annual meeting of wealthy, famous and influential global elites at the luxury Swiss ski resort of Davos.

US Vice President JD Vance began a four-day visit to India on Monday as New Delhi looks to seal an early trade deal and stave off punishing US tariffs.

The United States unveiled new port fees on Chinese built and operated ships Thursday, in a bid to boost the domestic shipbuilding industry and curb China's dominance in the sector.