If you are an investor, you may have heard of artificial intelligence (AI) and how it is transforming the financial services industry. But what exactly is AI and how is it changing the way investors manage their money? AI is a branch of computer science that aims to create machines and systems that can perform…
Hertz to Go Electric, Plans 25% EV Fleet by 2024
Hertz, the world’s largest rental car company, is going electric. The company plans to have 25% of its 500,000 vehicle fleet be electric by the end of 2024, up from 10 percent now. Hertz has already made deals to buy 330,000 electric vehicles from Tesla, Polestar, and General Motors. The first GM vehicles are beginning…
Samsung to build new chip facility in Japan amid regional rivalry
Samsung Electronics, the world’s largest memory chip maker, has announced plans to build a new chip development facility in Yokohama, Japan, in a bid to boost its technological edge and foster cooperation with Japanese chip firms amid rising competition from China and Taiwan. The South Korean tech giant will invest over JPY 300 billion (around…
What is the difference between ChatGPT, Bing AI and Google Bard?
A chatbot is a computer program that simulates human conversation through text or voice. They are used in a variety of settings, including customer service, marketing, and education. Chatbots are needed because they can provide 24/7 customer service, answer questions quickly and accurately, and personalize the customer experience. Here are some of the benefits of…
Air Arabia to Connect Sharjah and Bangkok with Low-Cost Direct Flights
Air Arabia, a budget airline based in the United Arab Emirates, has announced its plans to launch daily flights between Sharjah International Airport and Bangkok Suvarnabhumi International Airport starting from June 30th. This marks the airline’s entry into the Thai market and adds to its network of more than 170 destinations. The route will be…
The Dos And Don’ts Of Investing In Gold You Need To Know About
Throughout history, gold has been the long-preferred form of payment, from ancient cultures to the current day. Buyers acquire gold for all kinds of reasons. Whether it’s protection from political upheaval and hyperinflation, or to convert into huge sums of cash later down the line, those looking to invest in gold need to listen up!…
Going Green: How Organic Farming is Changing the Game
Organic farming has become increasingly popular in recent years, as more and more people become aware of the benefits of sustainable agriculture. Organic farming is a method of growing crops and raising animals without the use of synthetic pesticides, fertilizers, or genetically modified organisms (GMOs). Instead, organic farmers rely on natural methods like crop rotation,…
ABHI becomes first fintech in MENAP region to issue Islamic bonds
KARACHI, PAKISTAN: ABHI, a leading embedded finance platform in the Middle East, North Africa and Pakistan (MENAP) region, has announced that it has issued Islamic bonds worth PKR 2 billion (US$7.1 million), making it the first Fintech in the region to do so. The Islamic bonds, also known as Sukuk, are financial instruments that comply…
Elon Musk to step down as Twitter CEO, successor to join in six weeks
Elon Musk, the owner of Twitter and the founder of Tesla and SpaceX, has announced that he will step down as the CEO of the social media platform and hand over the reins to a new leader. Musk tweeted on Thursday that he has hired a new CEO for Twitter, but did not reveal the…
Avani Resources acquires 29.86% stake in Bens Creek
LONDON, UK: Bens Creek (AIM:BEN), the owner of a metallurgical coal mine in North America supplying the steel industry, has announced that Avani Resources Pte Ltd (“Avani”), a Singapore-based commodities trader and investor, has acquired a 29.86 per cent. stake in the company from its largest shareholder, MBU Capital Group Limited (“MBU”). The transaction was…
Exchange rates for GBP against major currencies on May 12, 2023
LONDON: The latest exchange rates for GBP against major currencies such as USD, EUR, JPY, AUD and more. Stay up-to-date on the latest fluctuations and trends in the GBP-exchange market. According to www.exchangerates.org.uk: GBP-EUR 1.1455 Pounds to Euros GBP-USD 1.2522 Pounds to Dollars GBP-NZD 2.0018 Pounds to New Zealand Dollars GBP-AUD 1.8705 Pounds to Australian…
Karthik Balagopalan takes charge as Puma India’s new MD
Sportswear brand Puma has appointed Karthik Balagopalan as the new managing director of Puma India, one of its fastest growing markets1. Balagopalan, who has been with the company since 2006, will take over from Abhishek Ganguly, who has decided to pursue his entrepreneurial dreams after 17 years of service. Balagopalan has a rich experience in…