Category: Business

Speaking at the launch of UNCTAD’s 2025 Report on the Economy of the Occupied Palestinian Territory, the agency’s Deputy Secretary-General Pedro Manuel Moreno said decades of movement restrictions, combined with the latest military operations, had “wiped out decades of progress” and left both Gaza and the West Bank facing long-term devastation. “What we see today […]

Amazon has announced a landmark $5 billion agreement with the US government to expand artificial intelligence and supercomputing capacity across federal agencies. The deal, reported by Chloe Jaenicke, underscores Washington’s push to secure leadership in emerging technologies while strengthening national infrastructure for AI‑driven operations azzet.com Aljazeera. Scope of the Investment The project, set to break […]

But António Guterres warns this shift will not guarantee stability.  “Multipolarity alone is no guarantee of peace,” he said. Without strong cooperation, it can fuel rivalry rather than balance.  Speaking at a summit between the African Union (AU) – the continent’s political and economic union – and the European Union (EU), the bloc of 27 European states, he […]

The “Green Revolution” is believed to have saved millions of lives in India during the 20th century, introducing new scientific techniques that led to a surge in yields, providing food and livelihoods.  But the use of synthetic fertilisers and pesticides came at a huge cost, both to the environment and to health, leading to a […]

Finnish telecoms giant Nokia has announced a landmark $4 billion investment in the United States, working in collaboration with President Donald Trump’s administration to expand its research, development, and manufacturing footprint. The move is aimed at accelerating the rollout of AI‑ready network infrastructure, positioning Nokia as a key player in America’s rapidly evolving artificial intelligence […]

Bayer has reported a major clinical trial success for its experimental stroke drug asundexian, a development analysts say could transform the German pharmaceutical giant’s fortunes. Following the announcement, Bayer’s shares surged nearly 9% in European trading, reflecting renewed investor confidence in its pipeline Investing.com Morningstar Invezz EconoTimes Alpha Spread. Trial Success The late‑stage OCEANIC‑STROKE Phase […]

“Industrial development is critical to strengthening economies, fighting poverty, and creating jobs and prosperity,” declared UN Secretary-General António Guterres in his message to the event, delivered by the senior UN official in Saudia Arabia, Mohamed El-Zarkani.  Lifting the burden of poverty  Delegates from governments, private sector and civil society have arrived in the Saudi capital […]

“First, we need to end the war. Then, we have to restart the factories,” says Basher Abdullah, advisor to Sudan’s Minister of Industry and Trade.   Like many of the world’s poorest countries, Sudan’s attempts to develop its economy are severely hampered by conflict. Yet, even amidst the brutal civil war, the UN Industrial Organization […]

AI music platform Suno has closed a $250 million Series C funding round, catapulting its valuation to $2.45 billion, up from roughly $500 million in 2024. The round was led by Menlo Ventures, with participation from NVIDIA’s NVentures, Lightspeed, Matrix Partners, and Hallwood Media, underscoring investor confidence in the company’s rapid growth and its role […]

Siemens Energy has unveiled plans to invest $2.3 billion (€2 billion) in expanding and modernizing its global manufacturing network for power transformers and high‑voltage switchgear by 2028, underscoring the company’s ambition to strengthen electricity transmission infrastructure as demand surges worldwide ESG News esg-investing.com World Energy. Expanding Grid Capacity The investment will be directed toward new […]