• Chip shortage puts the brakes on automakers

    PARIS: A shortage of silicon chips is forcing automakers to cut back on production across the globe and may encourage efforts to cut reliance on Asian suppliers. 

    Read More
  • Firms hope for post-COVID profits from ‘digital nomads’

    PARIS: Companies around the world are betting that spiking interest in working from abroad during the pandemic will prove the foundation for a profitable new sector that can thrive in the years ahead. 

    Read More
  • Kuwait announces 987 new COVID-19 cases, five deaths

    KUWAIT: Kuwait’s Ministry of Health (MoH) yesterday listed 987 new coronavirus (COVID-19) cases, bringing the caseload of contaminations to 173,983. MoH official spokesperson Dr Abdullah Al-Sanad said that there also were five new fatalities due to infection with the contagious virus registered during the same period, thus mortalities’ toll rose to 980.

    Read More
  • Huawei CEO hopes for reset with US under Biden govt

    TAIYUAN, China: The CEO and founder of Chinese telecom giant Huawei called yesterday for a reset with the United States under President Joe Biden, after the firm was battered by sanctions imposed by Donald Trump’s administration.

    Read More
  • Crisis-hit Nissan upgrades annual forecast despite its Q3 net loss

    TOKYO: Crisis-hit Japanese carmaker Nissan yesterday upgraded its full-year forecast for the second straight quarter, as the global auto industry shows signs of recovery from the coronavirus pandemic. 

    Read More
  • Small US businesses increasingly fearful about economy: Survey

    WASHINGTON: Small businesses saw no light at the end of the COVID-19 tunnel as optimism about the US economy waned in January, according to an industry survey released yesterday. 

    Read More
  • British Airways eyes greener jet fuel from 2022

    LONDON: British Airways yesterday unveiled a partnership with US startup LanzaJet to produce jet fuel aimed at cutting carbon emissions from 2022. The announcement comes as the global aviation industry is looking to bounce back from a collapse in demand caused by the coronavirus pandemic grounding planes. 

    Read More
  • Kuwait reports 1,002 new COVID-19 cases, 6 deaths

    KUWAIT: Kuwait said 1,002 people tested positive for coronavirus with six related deaths reported yesterday, taking total COVID-19 cases to 172,996, while deaths increased to 975, according to the health ministry. 

    Read More
  • Kuaishou: China’s $160bn app for ‘ordinary people’

    BEIJING: On Lu Kaigang’s feed, sheets of tarp are transformed into haute couture as China’s mountainous backdrop becomes his catwalk, a 22-year-old villager sashaying to fame via a video-sharing app for the everyman-Kuaishou. 

     

    Read More