BUSINESS

The 20th edition of Automechanika Dubai will also feature eight specialized product sections including parts & components, electronics & systems, accessories & customizing, tires & batteries, car wash & care, oils & lubricants, diagnostics & repair, and body & paint.

"This agreement underscores Mubadala Capital and Petrobras' shared commitment to the energy transition, and we are excited to work alongside Petrobras to create a novel, carbon-neutral, product that will speed up the transition into a sustainable future," he Chief Investment Officer and Head of Brazil at Mubadala Capital, Oscar Fahlgren said.

The head of the International Energy Agency urged the United States and China to set aside their differences and align on climate change, warning in an interview Monday that "geopolitical fractures" risked holding back the clean energy transition.

Tesla and Chinese carmakers showed off their newest electric models at the Munich auto fair on Monday, throwing down the gauntlet to their European rivals as competition in the sector intensifies.

Young Saudis wander through a museum of video game history stretching from the original Pac-Man to PlayStation 5, a project intended to inspire them to create their own blockbuster titles.

Chinese developer Country Garden has won approval from creditors to extend a deadline for a key bond repayment, narrowly avoiding a potential default, Bloomberg reported Saturday.

Chinese manufacturers will be out in force at next week's IAA auto show, one of the industry's biggest, revving their new electric models on the turf of German carmakers, which have been lagging in the e-mobility race.

The social media platform X will begin offering video and audio calling, owner Elon Musk announced on Thursday, a step towards turning the former Twitter into an "everything app."

China's biggest developer Country Garden on Thursday faces a crunch vote on extending debt repayment terms that could determine whether it defaults, plunging the country's property market deeper into turmoil.

China's Baidu rolled out its ChatGPT rival ERNIE Bot to the public on Thursday, in a major leap for the country's tech sector as it aims to cash in on the global artificial intelligence gold rush.

The fourth phase of the Solar Park was inspected by the MD & CEO of Dubai Electricity and Water Authority (DEWA), Saeed Mohammed Al Tayer.

Oil companies are paying popular influencers to pump their gas on social media, sparking a backlash from some climate-conscious fans for promoting planet-warming fossil fuels among young people.

Welcoming back potentially misleading political messages at X came less than a week after former president Donald Trump posted there for the first time since January 2021.

Google on Tuesday said it was weaving artificial intelligence (AI) deeper into its cloud offerings as it vies for the business of firms keen to capitalize on the technology.

As UBS prepares to post earnings this week, investors and employees are eagerly awaiting clues as to how Switzerland's largest bank is faring after swallowing up its fallen rival Credit Suisse.

Workers at two of Chevron's major natural gas plants in Australia are set to go on strike next week, the US energy giant said Tuesday, threatening up to five percent of global LNG supplies.

Toyota said Tuesday it halted operations at 12 of its 14 factories in Japan due to a system glitch, but that it did not appear to be a cyberattack.

Iga Swiatek launched the defence of her US Open crown with an emphatic opening victory on Monday as Novak Djokovic eyed a return to the top of the men's world rankings on his long-awaited return to the tournament.

OpenAI on Monday said it was launching a business version of ChatGPT as its artificial intelligence sensation grapples with declining usership nine months after its historic debut.

BYD, China's leading electric carmaker, said on Monday its half-year net profit had tripled based on record demand.

The quest to generate alpha has taken lifelong investor Zachary Cefaratti on a journey from California to Dubai

Chinese electric car giant XPeng said Monday it would buy the EV subsidiary of ride-hailing platform Didi for more than $740 million and launch a new brand of vehicles.

Asian markets rose Monday after Federal Reserve chief Jerome Powell said officials would take a careful approach regarding interest rate hikes, while Chinese shares soared after the government cut the duty on trades.

Shares in troubled Chinese property giant Evergrande plummeted more than 80 percent in Hong Kong on Monday morning after the lifting of a 17-month trading suspension.

US Commerce Secretary Gina Raimondo met with her Chinese counterpart in Beijing on Monday, as Washington works to cool trade tensions between the world's two largest economies.

Silicon Valley's favourite philosophy, longtermism, has helped to frame the debate on artificial intelligence around the idea of human extinction.

Breakneck development of artificial intelligence risked repeating mistakes made by the tech industry at the start of the social media era, Microsoft president Brad Smith told a business forum on Friday.

The letters said UN experts had received information "concerning Saudi Aramco's business activities... which are adversely impacting the promotion and protection of human rights in the context of climate change".

The world's major tech titans must crack down on illegal content and keep European users safe online from Friday, when far-reaching EU rules force digital firms to fall into line.