Electric vehicle startup Fisker is facing a steep decline as the company seeks court approval to sell its remaining stock of SUVs at a fraction of the original price. The bankrupt company produced 3, 321 Ocean SUVs, initially priced around $70, 000 each. Now, Fisker is requesting permission to offload this inventory to a New York-based leasing company for just $14, 000 per vehicle. This fire sale […]
By Sushil Kutty Prime Minister Narendra Modi took his reply to the motion of thanks to the President’s address to the Rajya Sabha on Wednesday after a day of holding forth in the Lok Sabha. The opposition sought to drown Modi’s voice in the din of constant sloganeering. The Prime Minister did not let the […]The energy sector is poised for a significant technological leap as the Abu Dhabi National Oil Company (ADNOC) and e&, a UAE-based tech and telecom group, announced a groundbreaking partnership to develop the industry’s largest private 5G network. Spanning an impressive 11, 000 square kilometers, this high-bandwidth connectivity solution will revolutionize ADNOC’s operations across both onshore and offshore facilities. This strategic collaboration marks a significant milestone in […]
Dyloch, a participant in the CEO 2024 fighting game championships, might have wished for a more economical celebration after his Mortal Kombat 1 tournament win. After securing the final blow against his opponent, Rewind, Dyloch’s elation got the better of him. In a moment of exuberance, he flung his chair off the stage, inadvertently turning his victory lap into a costly one. The unfortunate target of his […]
By Harihar Swarup The RSS hints at the course correction from the BJP and Modi government 3.0, which it wants to be reflected in the choice of new party president. The third tenure of Prime Minister Narendra Modi got off to a turbulent start. A series of unrelated events — paper leaks, a train accident […]
A recent report by the World Intellectual Property Organization (WIPO) unveils China’s dominance in the field of generative artificial intelligence (AI). The report highlights a significant surge in generative AI patent filings by Chinese inventors over the past decade, surpassing those from the United States, South Korea, and other major technological powerhouses. This surge in patent activity reflects China’s aggressive pursuit of a leading role in the […]
Financial technology giant PayPal reported a 27% surge in profits for the first quarter, marking a positive start to the year. This increase comes alongside the company’s implementation of a new reporting structure that incorporates stock-based compensation. The shift in reporting reflects a growing trend within the tech industry, where stock options are a significant component of employee remuneration packages. By factoring in stock-based compensation, PayPal aims […]
SINGAPORE – Media OutReach Newswire – 4 July 2024 – Blissful Brides is thrilled to announce the upcoming Blissful One-Stop Wedding Show (BOWS) 2024, Singapore’s most anticipated wedding event, set to take place on September 28th and 29th at the Marina Bay Sands Convention Centre from 11 AM to 8 PM. This year’s event promises to be the grandest yet, offering couples a chance to win back […]
The United Arab Emirates (UAE) prepares to host the first edition of the Abu Dhabi Space Debate today, a landmark event designed to propel the global space industry forward. This two-day gathering, taking place on December 5th and 6th, 2022, will convene high-level government officials, industry leaders, and space exploration experts to tackle the most pressing challenges and opportunities facing the burgeoning space sector. The Abu Dhabi […]
By Nitya Chakraborty The first short session of the 18th Lok Sabha has just ended with the third time Prime Minister Narendra Modi giving the impression once again that nothing different happened in the Lok Sabha elections 2024, he remains the same unvanquished leader of the majority party BJP like he was after the 2014 […]
“Cancer Care” supports patients to navigate a challenging journey with more clarity and support HONG KONG SAR – Media OutReach Newswire – 2 July 2024 – Cancer is a complex and multifaceted disease, impacting the lives of thousands of patients and their loved ones. In Hong Kong, approximately 100 new cases of cancer are diagnosed every day[1], while data analysis from Bupa indicates that cancer accounts for […]
Tourist spending in Saudi Arabia has witnessed a significant surge in the first quarter of 2024, marking a positive trend for the kingdom’s tourism industry. According to data released by the Saudi Central Bank, inbound visitor expenditure reached a staggering $12 billion (SAR 45 billion), reflecting a year-on-year increase of 23%. This growth aligns with Saudi Arabia’s ambitious Vision 2030 strategy, which prioritizes economic diversification and positions […]
MELBOURNE, AUSTRALIA – Media OutReach Newswire – 3 July 2024 – JustCo, Asia’s leading flexible workspace provider, announced today the launch of JustCo Emporium Melbourne — its seventh centre in Australia. Addressing the growing emphasis on wellness across all facets of life, this work-life destination marks JustCo’s sixth location housed within a shopping mall or mixed-use development in the Asia Pacific region. This milestone underscores JustCo’s dedication […]
Dubai-based asset manager KHK & Partners has announced the launch of Ayala Capital, a dedicated unit focused on capital-raising activities within the MENA (Middle East and North Africa) region. This strategic move signifies KHK & Partners’ commitment to streamlining and enhancing their fundraising capabilities, ultimately aiming to better serve clients, investors, and stakeholders across the board. Ayala Capital will operate with a singular focus:providing top-tier capital-raising solutions […]
In a move signifying its ambition to become a prominent player in the Middle East and North Africa (MENA) region, India’s leading cryptocurrency exchange CoinDCX has acquired Dubai-based BitOasis. The acquisition, finalized on July 3, 2024, marks CoinDCX’s first major international expansion and strengthens its position in the burgeoning global crypto market. This strategic move comes on the heels of CoinDCX’s initial investment in BitOasis last August. […]
SINGAPORE – Media OutReach Newswire – 3 July 2024 – New miniLED gaming monitors have arrived to the Philips Evnia product line, catered towards gamers and gaming animators. Philips Evnia Releases New MiniLED Gaming Monitors The Philips Evnia 32M2N6800MW, 32M2N6800M, and 27M2N6800ML have been released today, coming with an array of features that elevate any gamer or animator’s experience. For example, these monitors’ IPS panels with a […]
India’s stock markets continued their record-breaking run, with both the Nifty and Sensex indices reaching new all-time highs on Tuesday. This surge was driven by strong gains in financials, metals, and power sectors. However, a recent regulatory move by SEBI, the country’s securities regulator, has cast a shadow over the brokerage industry. The new SEBI rules aim to standardize transaction fees charged by stock exchanges. This could […]
Bitpanda Mena, the regional arm of the leading European crypto investment platform, has revealed a significant rise in cryptocurrency adoption within the United Arab Emirates (UAE). This surge comes amidst a period of growing interest and regulatory clarity surrounding digital assets in the region. According to Bitpanda Mena, the UAE has witnessed a substantial increase in new user registrations on their platform. This trend reflects a broader […]
Saudi Arabian mobility leader Lumi announced a strategic partnership with global technology giant SAP to optimize its human resource (HR) processes and fuel the company’s ambitious growth plans. Through the implementation of SAP’s advanced HR system, Lumi aims to streamline operations, enhance employee experience, and make data-driven decisions to achieve its strategic goals. This collaboration will equip Lumi with the necessary tools to automate routine HR tasks, […]
European regulators are taking aim at Big Tech companies, with Nvidia potentially being the first to face an antitrust lawsuit. French authorities are accusing the chipmaker of abusing its dominant position in the AI market. This comes amidst a broader trend of the EU enforcing stricter digital competition laws, with investigations ongoing into Apple, Microsoft, and Meta. While some experts warn this could stifle innovation, others argue […]
The Audi RS7 Sportback is a car that defies easy categorization. On the one hand, it boasts the kind of blistering acceleration and sharp handling that would make any track enthusiast grin. Yet, beneath that potent exterior lies a surprising degree of everyday comfort and refinement. A recent road test by The National encapsulated this duality perfectly. The reviewer noted that the RS7 “tears around like it’s […]
Office market net absorption remained positive, high street vacancies stabilized The Hong Kong Grade A office market recorded growth for the third consecutive quarter, with overall net absorption remaining positive at 318,000 sq ft in Q2. Nevertheless, office rents remained under pressure due to the lifted availability rate, dropping 1.5% q-o-q. The overall high street vacancy rate stabilized, and rents continued to record low single-digit growth rate […]
Arabian Post Staff deVere Group, a global player providing specialist cross-border financial advice to international investors and expatriates, has announced United Arab Emirates (UAE), New Zealand, and Italy as the top three destinations for the organisation’s financial graduates to live and work in the first half of 2024. This trend reflects the growing demand for international financial advisory services from high-net-worth (HNW) individuals in these regions, driven […]
