Category: Industry

The UAE confirmed its commitment to supporting all global efforts to reinforce international trade and investment. This statement was made during the country’s participation in the closing meeting of G20 trade and investment ministers, which was held remotely and chaired by Saudi Arabia. The UAE was represented by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade. During his speech at the meeting, Dr. Al Zeyoudi stressed the importance of promoting international…

Wellington: New Zealand’s gross domestic product (GDP) has suffered its largest fall on record as the economic impact of Covid-19 hit, the government’s official data agency reported on Thursday.   The country’s GDP fell 12.2 percent in the three months ended June 30, the largest fall since comparable records began in 1987, Stats New Zealand said, according to Deutsche press agency (dpa).   Senior manager Paul Pascoe said the results showed a widespread drop in…

London, Britain’s unemployment rate rose for the first time since the coronavirus lockdown began in March, official data showed on Tuesday.   The unemployment rate increased to 4.1% in the three months to July from 3.9% in the April-June period, the Office for National Statistics said, according to Reuters.   Economists polled by Reuters had expected the unemployment rate to rise to 4.1%.   However, a fall in the number of people in employment was…

Seoul, LG Group, South Korea’s fourth-largest conglomerate, said Sunday it has formed a research consortium with global partners to discover high-performance materials with artificial intelligence (AI) and robot technologies.   LG Science Park, the research and development (R&D) hub of LG Group in Seoul, joined hands with French energy firm Total S.A., Canada’s McMaster University and the University of Toronto, and the National Research Council of Canada to launch the Alliance for AI-Accelerated Materials Discovery…

Manama, The American Chamber of Commerce in Bahrain (AmCham Bahrain) will host a free informational session for Bahraini exporters interested in promoting their products in the United States.  The session will discuss how to attend ASD Market Week, one of the oldest and largest consumer trade shows in the U.S., now available for online attendance.   Though the show was unable to happen in-person, many are anxious to get back to business, which is why the…

Brussels, Two years after agreeing to a self-regulatory code of practice to tackle disinformation, Facebook, Alphabet’s Google, Twitter and other tech rivals must try harder to be more effective, the European Commission said on Thursday.   Fake news related to COVID-19 has accelerated calls for social media to be more proactive in combating the issue.   The companies, including Mozilla and trade bodies for the advertising industry, signed up to the code in 2018 in…