Technology

Ahead of the Qatar World Cup, the expanded Salwa border crossing was opened

Saudi Gazette report AL-AHSA – Prince Saud bin Nayef, Governor of the Eastern Province, inaugurated today, Monday, the new expanded Salwa border crossing with Qatar. The prince witnessed the trial operation of the passenger section of the new border facility. The border crossing has been expanded four times its previous capacity and can now accommodate …

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How has Canada lagged behind the world in advanced industries?

The 2022 federal government budget makes historic investments to help Canada enhance its advanced technological competitiveness. Unfortunately, if competition were a sport, Canada would perform like the Montreal Canadiens: poor and sluggish. In fact, Canada looks, in the words of First US Secretary of the Treasury Alexander Hamilton, more like “a wood-digger and a water-drawer”. …

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Ahead of the Qatar World Cup, the expanded Salwa border crossing was opened

Saudi Gazette report AL-AHSA – Prince Saud bin Nayef, Governor of the Eastern Province, inaugurated today, Monday, the new expanded Salwa border crossing with Qatar. The prince witnessed the trial operation of the passenger section of the new border facility. The border crossing has been expanded four times its previous capacity and can now accommodate …

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SoftBank sells full stake in Uber as Vision Fund losses grow

SoftBank revealed Monday that it has sold its remaining stake in US car rental giant Uber, as the Japanese conglomerate looks to raise cash amid mounting losses in its investment unit. The move comes after SoftBank’s Vision Fund, its technology investment vehicle, reported a loss of 2.93 trillion yen ($21.68 billion) in the June quarter, …

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Elon Musk challenges Twitter CEO Parag Agrawal to a bot debate

Billionaire Elon Musk has sparked Twitter and challenged CEO Paraj Agrawal in a “public debate” about fake accounts and spam amid a contentious legal battle over a $44 billion takeover. Musk submitted an offer to the Securities and Exchange to acquire Twitter back in April of this year. After the companies agreed to go ahead …

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Elon Musk’s legal team has provided its official response to the Twitter suit

New York CNN Business – Elon Musk’s legal team on Friday announced its official response to the lawsuit filed by Twitter in an effort to force it to complete its $44 billion acquisition deal. In responding to Twitter’s complaint, which includes counterclaims against the company, Musk’s team is trying to refute the company’s allegations that …

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Alibaba stock gains after earnings as company says trends are improving

Shares of Alibaba Group Holdings Ltd. closed 1.8% higher on Thursday after the Chinese e-commerce company beat expectations with its latest financial data and indicated that business trends had improved as the June quarter continued. The company reported net income of 22.7 billion yuan (3.4 billion US dollars), or 8.51 yuan per US deposit share, …

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American Express launches the 2021-2022 Environmental, Social and Governance (ESG) Report | Business

New York – (BUSINESS WIRE) – August 4, 2022 – American Express (NYSE: AXP) today released its Environmental, Social and Governance (ESG) report for the year 2021-2022. The report highlights the company’s progress in its ESG strategy and roadmap announced last year to advance its objectives across three main pillars: Promoting Diversity, Equality and Inclusion …

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Electronic Arts heading for more football success, despite FIFA deal expiring: Analysts

Shares of Electronic Arts Inc. down 0.9% in pre-market trading on Wednesday, buoyed by the company’s strong revenue growth in the first quarter and the continued popularity of its FIFA franchise. EA for Electronic Arts Inc. +3.41% The stock closed down 1.5% at $128.89 on Tuesday. Baffling fears that the pandemic boom in video game …

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Falsely accused of Muslims of waging “flood jihad” in the Indian state of Assam

GUWATI – After devastating floods hit northeastern India’s state of Assam, allegations that members of the local Muslim community were responsible for the disaster began to spread across the internet. But were these allegations true? One of the accused told the BBC his story. When the police knocked on his door in the early hours …

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