ALBAWABA – Il Foglio, the Italian daily newspaper with nationwide circulation, published its first edition created by artificial intelligence (AI)…
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Category: Economy
Latest Economy news from the Middle East and around the world
Japan awards $1.4M to wrongly convicted prisoner after 46 years in prison
ALBAWABA – The Japanese government awarded a man $1.4 million for being wrongly convicted of murder…
World's priciest golden visas: Trump's $5M ranks second
ALBAWABA – Last month, US President Donald Trump announced that golden visas would be offered to foreigners for $5 million, granting them the right to live and work in the United States…
Gen Z to become the wealthiest generation by 2035, Bank of America says
ALBAWABA – Generation Z, also known as Zoomers, the demographic cohort following Millennials and preceding Generation Alpha, will be the wealthiest generation by 2035, according to a recent report from Bank of America (BOA), the American multinational investment bank and financial services company…
Imagine a world without the internet: China unveils sea cable cutter
ALBAWABA – China has unveiled its new sea cable cutter machine. The cutter is a powerful, compact device capable of severing internet and communication lines, according to the South China Morning Post…
Android allows tracking other devices with permission
ALBAWABA – Android, an operating system based on a modified version of the Linux kernel and other open-source software, is primarily designed for touchscreen-based mobile devices such as smartphones and tablets…
Musk's administration reduces NASA's budget by $420M in one week
ALBAWABA – DOGE, the Department of Government Efficiency, an initiative of the second Donald Trump administration and Elon Musk’s administration, has announced a reduction of approximately $420 million in NASA’s budget within one week…
Perplexity plans to acquire TikTok, revealing its strategy
ALBAWABA – Perplexity AI, the search engine that leverages large language models to answer queries with web-sourced information and cites links in its responses, has announced plans to acquire TikTok, the Chinese social media platform for creating, sharing, and discovering short videos…
Zara retailer establishes flagship store in China, with cafe and content creation studio
ALBAWABA – Zara, the fast fashion retail subsidiary of the Spanish multinational fashion design, manufacturing, and retailing group Inditex, opened a new flagship store in Nanjing, China…
Meet Blue, Nvidia's first AI robot who talks and tells jokes
ALBAWABA – Nvidia, the American multinational corporation and technology company, launched its new artificial intelligence (AI) robot, Blue…
Pakistan to regulate and legalize crypto to attract foreign investment
ALBAWABA – In a recent move, Pakistan is seriously considering regulating and legalizing crypto in an effort to attract foreign investment to the country…
Italian company unveils reusable space rockets
ALBAWABA – Avio, an Italian leader in space propulsion, has unveiled a new project to develop reusable space rockets…
OpenAI launches its new expensive AI model
ALBAWABA – OpenAI, the American artificial intelligence (AI) research organization, has launched its most expensive AI model, o1-Pro…
X's valuation soars to $44B
ALBAWABA – Elon Musk’s X, the microblogging and social networking platform, recorded a valuation increase to around $44 billion in a rapid shift…
Abu Dhabi to become first AI government by 2027
ALBAWABA – The Abu Dhabi Government has signed a major agreement with Microsoft, the American multinational technology company, and Core42, a G42 company that empowers individuals, enterprises, and nations to unlock AI’s full potential through its comprehensive enablement capabilities…
Roblox launches 3D AI model on its online gaming platform
ALBAWABA – Roblox, the online game platform and game creation system developed by Roblox Corporation that allows users to program and play games created by themselves or other users, announced the launch of its first 3D artificial intelligence (AI) model: Cube 3D…
BYD introduces new 'five-minute' EV battery
ALBAWABA – BYD Auto, the primary automotive subsidiary of BYD Company—a publicly listed Chinese multinational manufacturer—has unveiled its innovative new electric vehicle (EV) battery that can fully charge vehicles in just five minutes…
New device lets paralyzed people control robotic arms with thoughts
ALBAWABA – A revolutionary new invention will allow paralyzed individuals to control robotic arms using only their thoughts…
Apple leaks: iPhone 17 Air to launch without USB-C charging port
ALBAWABA – New Apple leaks reveal that the tech giant plans to launch the iPhone 17 Air without a USB-C charging port…
Baidu launches new AI model, competing with DeepSeek for half the price
ALBAWABA – Baidu, the Chinese multinational technology company specializing in internet services and artificial intelligence, released a new reasoning artificial intelligence (AI) model, aiming to compete with DeepSeek…