Business Crypto

DYOR partners with Ava Labs

News Desk 26/01/2025

To enhance crypto users’ resources DYOR, a cutting-edge cryptocurrency research and analytics platform, has announced a strategic partnership with Ava Labs, the innovative company behind the Avalanche blockchain and AVAX token. The partnership aims to enhance crypto users’ resources

Business

World leaders outline bold visions for the future

Arnold Pinto 26/01/2025

At annual meeting 2025 in Davos Global leaders at the World Economic Forum Annual Meeting in Davos have unveiled ambitious plans and shared compelling visions for the world’s future. This year’s event, which brought together around 3,000 policymakers, business leaders, and activists, was marked by high-profile speeches, including one from US President Donald J.

Business Logistics

UD Trucks drives into 2025 with optimism as GCC market demand remains strong

Arnold Pinto 21/01/2025

With 26% market share growth in 2024 Amid a global economic landscape marked by uncertainty and geopolitical instability, UD Trucks is preparing to navigate the challenges ahead while continuing to meet rising demand in key markets, especially within the Gulf Cooperation Council (GCC) region, said Mourad Hedna, President of UD Trucks (MEENA), while briefing the […]

Appointments Business

Mark Irwin is to retire as Group Chief Executive of Serco

News Desk 18/01/2025

Anthony Kirby appointed replacement Serco has announced that Mark Irwin, the company’s Group Chief Executive, will retire on February 28, 2025, after 12 years of service. During the transition period, he will continue to support the company as a strategic adviser. Anthony Kirby, who currently serves as CEO of Serco’s UK & Europe division, will […]

Aviation Business

Lockheed Martin delivers 10 S-70 Black Hawks to the Philippines

Arnold Pinto 17/01/2025

For multi-mission roles In 2024, Lockheed Martin delivered 10 S-70i Black Hawk helicopters to the Philippine Department of National Defence (DND) as part of the country’s ambitious military modernisation programme. The delivery is a key milestone under a contract for 32 Sikorsky Black Hawk helicopters, a component of the DND’s Additional Utility Helicopters

Business Interviews

Milestone Systems set to strengthen strategic partnerships in 2025

Arnold Pinto 16/01/2025

And pioneering VMS and AI-powered analytics Headquartered in Copenhagen, Denmark, Milestone Systems is a world leader in developing and providing cutting-edge data-driven video technology that safeguards and secures public spaces in cities and businesses. The company’s cutting-edge AI and data-driven video technologies empower societies, people, and businesses worldwide by

Automotive Business

Audi delivers nearly 1.7 million vehicles globally in 2024

Arnold Pinto 15/01/2025

12 per cent drop compared to 2023 Audi delivered around 1.7 million vehicles globally in 2024, with over 164,000 fully electric models. This represents a significant step in Audi’s ongoing model initiative despite a challenging year marked by difficult economic conditions, a highly competitive automotive market, and limited parts availability. The total number of

Automotive Business Tech

Cognizant and Siemens forge partnership

Arnold Pinto 14/01/2025

To transform software-defined vehicles Cognizant has partnered strategically with Siemens Digital Industries Software, integrating Siemens’ PAVE360 into its software-defined vehicle (SDV) solution accelerator. The partnership introduces an enhanced accelerator to address the automotive industry’s increasing demand for innovation, customisation, and

Automotive Business

Bentley Motors aligns operations into a single EMEA region

Arnold Pinto 14/01/2025

With 95 retail partners Bentley Motors has announced a significant reshaping of its operations. It will combine its UK, Europe, Middle East, Africa, and India business units into a single EMEA (Europe, Middle East, Africa, and India) region. This new alignment will make the EMEA region the largest and most crucial for the UK-based luxury […]

Aviation Business

Lufthansa Group set to hire 10,000 new employees in 2025

Arnold Pinto 13/01/2025

To keep pace with air travel demand The Lufthansa Group has set an ambitious target of recruiting 10,000 new employees this year. These will be positions in various professions within the airline’s extensive operations. The hiring push is part of the group’s ongoing efforts to keep pace with the growing demand for air travel as […]

Business

Getty Images and Shutterstock to merge

Arnold Pinto 12/01/2025

Valuation put at $3.7 billion Getty Images Holdings and Shutterstock will merge in a transaction valued at approximately $3.7 billion. The merger will create a new powerhouse in the visual content market under Getty Images Holdings. The combined company will continue trading on the New York Stock Exchange with the “GETY.” By joining forces, Getty […]

Automotive Business

Rolls-Royce to invest £300m in Goodwood production plant

Arnold Pinto 11/01/2025

2024 was a record year for the marque Rolls-Royce Motor Cars has announced a landmark investment of more than £300 million to expand its manufacturing facility at Goodwood. This marks the latest step in its ongoing commitment to delivering the most complex, personal, and valuable luxury automobiles. The significant investment reflects the company’s continued growth

Appointments Business

Aduna appoints Anthony Bartolo as CEO

News Editor 2 10/01/2025

Head of Ericsson’s new venture Aduna, a new venture launched in September 2024 by Ericsson in partnership with major global telecom operators, has announced the appointment of Anthony Bartolo as its new CEO. The company name, Aduna, is derived from the Latin term for “many entities uniting as one,” which reflects the venture’s mission of […]

Business Markets

WEF: Global labour market is poised for a significant change

Arnold Pinto 10/01/2025

Mainly driven by tech advancements The latest edition of the Future of Jobs Report, released by the World Economic Forum (WEF), shows that the global labour market is poised for significant change. By 2030, 22% of jobs are expected to undergo disruption, with a net gain of 78 million roles set to emerge from the […]

Business Sport

Formula E and Google Cloud sign multi-year partnership

Arnold Pinto 09/01/2025

New milestone for electric motorsport Formula E and Google Cloud have unveiled a new multi-year partnership. The partnership combines cutting-edge AI and technology to propel the league into a new era. The collaboration starts with the groundbreaking GEN3 Evo era, marking a milestone in the ongoing transformation of electric motorsport. As part of this agreement, […]

Business

Turkey’s Baykar acquires Italy’s Piaggio Aerospace

Arnold Pinto 07/01/2025

In strategic EU expansion plan Turkish technology firm Baykar has secured approval from the Italian government to acquire Piaggio Aerospace, a renowned Italian aviation manufacturer. The Turkish company says the acquisition will boost its presence in the European Union and mark a new era for the long-established aerospace giant. Baykar’s offer outbid two other contenders

Business

A Fresh Face in Dubai’s Competitive Digital Marketing World

News Desk 07/01/2025

Haris&Co Launches UAE Operations The UAE is one the booming countries for digital marketing with lots of agencies providing top-class services. Now, this vibrant ecosystem is welcoming a new player–Haris&Co, a full-fledged digital marketing agency with the potential to become one of the top players. Founded by Haris Aboobacker, Haris&Co. brings a lot to the

Business Real Estate

Emaar Properties in record dividend distribution for 2024

News Desk 06/01/2025

Totalling AED8.8 billion Emaar Properties will distribute 100% of its share capital as dividends in 2024, totalling AED8.8 billion ($2.4 billion). This is a 100% increase from the AED4.4 billion ($1.2 billion) in dividends in 2023. The dividend distribution will raise the total value of initial investments fourfold from their initial value, underscoring the company’s […]

Appointments Aviation Business

Boeing appoints Dana Deasy as Chief Information Officer

News Desk 05/01/2025

He succeeds Susan Doniz Boeing has announced Dana Deasy as its new Chief Information Digital Officer and Senior Vice President of Information Technology and Data Analytics. Effective December 31, 2024, Deasy oversees all information technology, security, and data analytics areas. He reports directly to Kelly Ortberg, Boeing’s President and CEO, and serves on the

Business Markets

Global VR headset shipments fell in Q3 2024

Arnold Pinto 04/01/2025

AR and AI technologies show promise Global shipments of Virtual Reality (VR) headsets fell by 4% year-on-year (YoY) and 16% quarter-on-quarter (QoQ) in the third quarter of 2024, marking the market’s third consecutive quarter of declines. This trend reflects a growing challenge within the VR market, as demand for tethered VR headsets dropped by 50% […]