• US private employers added 571,000 jobs in October: ADP

    WASHINGTON: Private businesses hired 571,000 workers last month, payroll services firm ADP reported yesterday, the latest sign that the US economy is bouncing back from the Delta wave of COVID-19. 

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  • Finance takes the center-stage at world leaders’ COP26 summit

    GLASGOW: Focus at the COP26 summit turned yesterday to how the world will pay for its ambitions to quit fossil fuels and help vulnerable nations survive climate change, as campaigners urged caution over promises of billions from financiers and governments. 

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  • Facebook ends facial recognition over privacy fears

    WASHINGTON: Scandal-hit Facebook is shutting down its long-criticized facial recognition system and deleting scan data on a billion people, it said Tuesday, in a shock response to privacy concerns. 

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  • Toyota Mirai sets new Guinness World Record with 1,360km zero emission journey

    KUWAIT: Toyota’s deep-rooted commitment to sustainable mobility was in the spotlight recently as the 2021 Toyota Mirai set a new world record for the longest distance travelled by a hydrogen Fuel Cell Electric Vehicle (FCEV) without refueling. 

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  • Greening deserts: India powers renewable goals with solar push

    BHADLA, India: As camels munch on the fringes of Thar desert, an oasis of blue solar panels stretches further than the eye can see at Bhadla Park-a cornerstone of India’s bid to become a clean energy powerhouse. Currently, coal powers 70 percent of the nation’s electricity generation, but Indian Prime Minister Narendra Modi has pledged that by 2030, India will produce more energy through solar and other renewables than its entire grid now.

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  • Google and Indian billionaire launch budget smartphone

    MUMBAI: Online giant Google and Asia’s richest man Mukesh Ambani opened advance orders in India for an entry-level smartphone billed as the world’s most affordable, joining the race to tap into the booming budget market. Ambani’s conglomerate Reliance Industries announced in July last year that it would partner with Google to launch the 4G smartphone, competing with Chinese and South Korean manufacturers that already have a strong foothold in the South Asian nation. 

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  • Tesla’s Elon Musk downplays deal to supply cars to Hertz

    LISBON: Tesla shares sunk in early trading yesterday after founder Elon Musk cast doubt on a deal to supply Hertz with rental cars. 

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  • KFH wins World’s Best Islamic Financial Institution 2021 award

    KUWAIT: Kuwait Finance House (KFH) won the World’s Best Islamic Financial Institution 2021 Award from Global Finance Magazine at its 14the annual awards for the World’s Best Islamic Financial Institutions for this year.

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  • Whistleblower blasts Facebook’s Meta rebrand

    LISBON: Whistleblower Frances Haugen issued a stinging rebuke of Facebook’s “Meta” rebrand, accusing the company of yet again prioritizing expansion over people’s safety. 

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