Oxfam, a global charity, has released new research on International Workers’ Day revealing that workers in Ireland faced a 3.9% pay cut last year due to the wage growth lagging behind inflation. This pay cut, according to Oxfam, resulted in a loss of €2,107 in real wages, which translates to working 8.3 days for free….

Qatar Airways is scheduled to operate its first commercial flight using a Boeing 737 MAX 8 on May 15th, according to its filing with OAG and Cirium. The airline plans to use the aircraft to fly to Abu Dhabi, Dammam, and Kuwait from May 15th until the end of the month. The carrier currently has…

Sony is set to introduce its latest flagship Xperia smartphone in less than two weeks. However, ahead of the official launch, a billboard in Hong Kong has appeared to confirm the upcoming device as the Xperia 1 V. The billboard, showcasing the phone’s design and focus on camera performance, has piqued the interest of tech…

eXtra, the Saudi consumer electronics company, has announced that it will no longer pursue expansion plans in Egypt following a feasibility study, citing negative financial impact. The company had initially planned to establish its first subsidiary outside the Gulf Cooperation Council in Egypt in 2021 with an investment of 1 billion Egyptian pounds ($32.41 million)….

BitOasis, a crypto exchange based in the United Arab Emirates, has become the first broker-dealer to receive an operational license from Dubai’s Virtual Asset Regulatory Authority (VARA), the company announced on Monday. The license enables the company to provide broker-dealer services to qualified retail and institutional investors in the emirate under VARA’s regulatory framework. Dubai’s…

Quest Diagnostics, a provider of diagnostic information services based in Seacaucus, New Jersey, has acquired Haystack Oncology, an early-stage oncology company based in Baltimore, Maryland, for $300 million in cash. Quest will also pay up to an additional $150 million in future performance milestones. The transaction is expected to be completed in the second quarter,…

Astellas Pharma, Japan’s third-largest drugmaker by sales, has announced its biggest-ever acquisition with the purchase of US-based Iveric Bio for around $5.9 billion. The deal marks the company’s fifth major overseas acquisition since 2019, as it looks to shore up its pipeline with new treatments following the loss of patent protection for its main products….

Digital ministers from the Group of Seven (G7) nations have agreed on Sunday to adopt “risk-based” regulations on artificial intelligence (AI), in a move that sets a landmark for how major countries govern AI amidst privacy concerns and security risks. The G7 ministers said that such regulations should “preserve an open and enabling environment” for…