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Battery storage allows the sun to shine in the day and at night

Critics of renewable energy love to point out that the “wind doesn’t always blow and the sun doesn’t always shine”. After decades of research by scientists confirming this observation, Abu Dhabi has the solution. Its giant solar and battery combination will provide electricity day and night, summer and winter. The project was announced at Abu Dhabi...

2025-01-20T03:00:56Z

Indian fintech Paytm's Q3 adjusted loss narrows sequentially as payments business recovers

(Reuters) - India's Paytm reported a narrower sequential third-quarter adjusted loss on Monday as its digital payments business recovered from the winding down of its payments bank unit. The company posted a loss of 2.04 billion rupees ($23.6 million) before exceptional items and tax for the third quarter ended Dec. 31, compared to a 4.07-billion-rupee loss in the second quarter. On a net basis,

2025-01-20T07:17:30Z

DIB bumps up stake in Türkiye’s T.O.M. Group to 25%

The group includes TOM Katılım Bankası – Türkiye’s first licensed digital retail bank; TOM Pay Elektronik Para ve Ödeme Hizmetleri and TOM Finansman

2025-01-20T06:11:57Z

Heineken's United Breweries to resume beer supply to Indian state

By Nandan Mandayam (Reuters) -Heineken's Indian unit United Breweries will resume beer supplies to India's Telangana state, the company said on Monday, weeks after it halted supply over pricing and non-payment of dues by the state government. "We have decided to restart our supplies... for the time being. This is an interim decision in the interest of consumers, workers and stakeholders," United

2025-01-20T06:48:52Z

Malaysia Airports buyout offer extended to Feb 4

(Reuters) -A takeover offer for Malaysia Airports Holdings by a consortium comprising the country's sovereign wealth fund and BlackRock has been extended for a third time this month to Feb. 4, a stock exchange filing on Monday showed. The consortium, including Malaysia's sovereign wealth fund Khazanah and BlackRock's Global Infrastructure Partners, has now secured an additional 45.63%

2025-01-20T09:46:45Z

UAE economy to grow 4% in 2025, faster than last year, says World Bank

UAE’s forecast for 2026 is 4.1 per cent, making it the third fastest growing economy in the GCC after Qatar and Saudi Arabia

2025-01-19T16:22:53Z

Australia's Optus mulls selling sports streaming service to Nine, AFR reports

(Reuters) - Singapore Telecommunications-owned Optus, Australia's No. 2 telecom carrier, is looking to sell its sports streaming platform Optus Sport to media house Nine Entertainment, the Australian Financial Review (AFR) reported on Monday. A potential deal would grant streaming rights for the English Premier League to Nine's local streaming service Stan, while allowing Optus to focus on its

2025-01-20T08:12:51Z

Celebrity Net Worth: Jennifer Lopez and Ben Affleck agree to split proceeds from sale of $68m LA mansion

After finalising their divorce, former Hollywood couple Jennifer Lopez and Ben Affleck agreed to split the proceeds from their Los Angeles mansion equally following the terms of their agreed-upon arrangement, according to wealth tracking platform Celebrity Net Worth. Lopez, 55, and Affleck, 52, purchased the 12-bedroom, 24-bathroom estate in May 20...

2025-01-20T05:01:11Z

Australia's Star Entertainment reports second-quarter loss

(Reuters) - Australia's troubled casino operator Star Entertainment reported a second-quarter loss on Monday, adding to the rising uncertainty about its future revamp and earnings turnaround. For the three months ended December, Star logged a loss before interest, tax, depreciation and amortisation of A$8 million (excluding significant items) ($4.95 million). ($1 = 1.6150 Australian dollars) (

2025-01-19T23:22:22Z

TikTok creators react to restored service: 'My whole livelihood was on the line this weekend'

TikTok restored its US services on Sunday, easing the concerns of content creators who make their living off the platform — at least for now.

2025-01-20T00:14:28Z

Trump promises to revive TikTok, website restored for some US users

By David Shepardson WASHINGTON (Reuters) -President-elect Donald Trump on Sunday said he would revive TikTok access in the U.S. when he returns to power on Monday, but even before then, some U.S. users reported being able to access the Chinese-owned service's website. The TikTok app itself did not appear to be immediately available on Sunday. TikTok stopped working for its 170 million American

2025-01-19T16:56:53Z

TikTok restores service, thanks Trump

By David Shepardson WASHINGTON (Reuters) -TikTok said on Sunday said it was restoring its service after President-elect Donald Trump said he would revive the app's access in the U.S. when he returns to power on Monday. The statement came after U.S. users reported being able to access the Chinese-owned service's website while the far more widely used TikTok app itself did not appear to be

2025-01-19T17:42:10Z

Mitsubishi Chemical has given Bain first refusal right to negotiate purchase of subsidiary, Nikkei says

TOKYO (Reuters) - Mitsubishi Chemical Group has given the U.S. investment fund Bain Capital the right of first refusal to negotiate the purchase of its pharmaceutical subsidiary, Tanabe Mitsubishi Pharma, the Nikkei reported on Monday. Mitsubishi Chemical is likely to sell Tanabe Mitsubishi Pharma to Bain Capital for more than 500 billion yen, the report said. (Reporting by Kaori Kaneko; Editing

2025-01-20T10:48:11Z

India's Zomato's Q3 profit tumbles as store ramp-ups take a toll

(Reuters) -India's Zomato reported a 57% fall in third-quarter profit on Monday as its margins continued to face pressure from increased spending on opening more centres to fulfil orders at its Blinkit quick commerce platform. Its consolidated net profit fell to 590 million rupees ($6.8 million) in the quarter ended Dec. 31, from 1.38 billion rupees a year ago. Zomato's revenue from operations

2025-01-20T10:05:43Z

EU plans ban on 'forever chemicals' in consumer products

By Kate Abnett BRUSSELS (Reuters) - The European Commission intends to propose a ban on the use of PFAS, or "forever chemicals", in consumer products, with exemptions for essential industrial uses, the EU's environment chief told Reuters. PFAS, or Perfluoroalkyl and Polyfluoroalkyl Substances, do not break down in the environment, raising concerns about the consequences of them building up in

2025-01-20T09:23:48Z

Country Garden expects to reach terms with creditors in February, lawyer tells court

By Clare Jim HONG KONG (Reuters) -China's Country Garden expects to reach terms with creditors next month regarding the restructuring of $16.4 billion in offshore debt, and apply for court approval of the terms in April, its lawyer told a Hong Kong court on Monday. The property developer was granted an adjournment until May 26 in a hearing held to gauge the extent to which restructuring is

2025-01-20T05:27:45Z

HID sees Middle East as highest growth centre

Company has pledged to achieve Net Zero by 2050

2025-01-19T17:37:55Z

Relieved US TikTok enthusiasts hope 'magic' returns as app is restored

By Doyinsola Oladipo NEW YORK (Reuters) - On Saturday night, for the first time in five years, millions of American TikTok users who logged on for a late-night scroll were met with an unwelcome notice that their beloved app had been banned and shut down. Their exile lasted less than 24 hours, ending when the Chinese-owned company restored service on Sunday after President-elect Donald Trump, who

2025-01-20T00:17:07Z

Australia's Optus mulls selling sports streaming to Nine, AFR reports

(Reuters) -Optus, Australia's No. 2 telecom carrier, is in talks to sell its sports streaming platform Optus Sport to media house Nine Entertainment, the Australian Financial Review (AFR) reported on Monday. A deal would let Nine's local streaming service Stan stream matches from the Premier League, England's major club football league, while Singapore Telecommunications-owned Optus would focus

2025-01-20T09:13:00Z

Australia's Star Entertainment posts smaller quarterly loss

(Reuters) -Australia's Star Entertainment posted a smaller second-quarter loss on Monday compared with the previous three-month period, as the casino operator benefited from its cost-out programme and strong December performance. The debt-laden gaming firm has been grappling with various issues including multiple regulatory inquiries and long closures of casinos. Shares of the company fell 3.6%

2025-01-20T00:12:27Z

‘Neuroscience is the cornerstone of my leadership coaching’

Neetu Choudhary is one of the UAE’s top professional development coaches

2025-01-19T17:37:57Z

Trump to revive TikTok, but wants 50% US ownership

By David Shepardson WASHINGTON (Reuters) -President-elect Donald Trump said he would revive TikTok access in the U.S. by executive order after he is sworn in on Monday, but said he wants the popular social media app to be at least half owned by U.S. investors. TikTok stopped working for its 170 million American users late on Saturday before a law shutting it down on national security grounds

2025-01-19T16:46:51Z

India's Bharti Airtel to offer Bajaj Finance's loan products

BENGALURU (Reuters) - Indian telecom major Bharti Airtel will be offering non-banking lender Bajaj Finance's financial products in the country, the companies said on Monday. Airtel will initially offer Bajaj Finance's products through its application, and later via its physical stores, they said in a joint statement. The partnership will enable Bajaj Finance, the country's largest private-sector

2025-01-20T10:05:44Z

Country Garden expects to reach terms with creditors in Feb, lawyer tells court

By Clare Jim HONG KONG (Reuters) -Chinese property company Country Garden, which has defaulted on debt repayment obligations, expects to reach agreeable terms with creditors next month, the firm's lawyer told a Hong Kong court on Monday. The court hearing, which was held to measure progress in reaching an agreement with creditors, was then adjourned until May 26 by Hong Kong judge Linda Chan

2025-01-20T02:42:32Z

Malaysia Airports buyout offer extended to Feb. 4

(Reuters) - A takeover offer for Malaysia Airports Holdings by a consortium comprising the country's sovereign wealth fund and BlackRock has been extended for a third time this month to Feb. 4, a stock exchange filing on Monday showed. The consortium, including Malaysia's sovereign wealth fund Khazanah and BlackRock's Global Infrastructure Partners, has now secured an additional 45.63% stake as

2025-01-20T05:46:18Z

Santander reviews UK retail banking presence amid broader assessment, source says

(Reuters) -Banco Santander is reviewing its presence in Britain, a person familiar with the matter said, two decades after its acquisition of Abbey National made it a major player on the country's high streets. Santander's review is part of a regular assessment of its major businesses, the person said speaking on condition of anonymity because they were not authorized to speak publicly. This

2025-01-20T08:56:47Z

Hong Kong's New World Development denies debt restructuring talks

(Reuters) - Hong Kong property developer New World Development said on Monday it had not started any discussions with creditors regarding a proposal to restructure its existing debt. The embattled developer's clarification came after it noted certain "market rumours" over restructuring talks. New World has the highest debt among its Hong Kong peers at HK$199 billion ($25.57 billion), JPMorgan

2025-01-20T08:46:24Z

TikTok is restoring service, thanks Trump

By David Shepardson WASHINGTON (Reuters) -TikTok said on Sunday it was restoring its service after President-elect Donald Trump said he would revive the app's access in the U.S. when he returns to power on Monday. "As a result of president Trump's efforts, TikTok is back in the U.S.," the platform said in a message to users. TikTok also issued an earlier statement after U.S. users reported

2025-01-19T20:33:06Z

Majority of UAE and Saudi Arabia professionals plan to switch jobs this year, LinkedIn says

Three quarters of working professionals in the UAE and Saudi Arabia plan to look for a new job this year as they seek a better work-life balance and higher salaries, a new global poll of 22,010 employees by professional network LinkedIn has found. Professionals in marketing, education, finance, sales and media are most keen to look for new opportun...

2025-01-20T06:01:08Z

The payments revolution: Strategic imperatives for payment service providers

Payment service providers need to rethink their business model and take advantage of their customer relationships to offer more diversified services that meet the changing needs of consumers and businesses

2025-01-20T09:12:01Z

Indian fintech Paytm's Q3 adjusted loss narrows sequentially as payments business recovers

(Reuters) -India's Paytm, on Monday, reported a narrower third-quarter adjusted loss compared with the previous quarter as its digital payments business recovered from the winding down of its payments bank unit. The company posted a loss of 2.08 billion rupees ($24.05 million) before exceptional items and tax for the third quarter ended Dec. 31, compared to a 4.07-billion-rupee loss in the second

2025-01-20T05:37:51Z

Dubai realtor plans Dh600 million projects this year

Valores' debut flagship project in Furjan almost sold out

2025-01-19T17:37:55Z

Indonesia wants more independent power plants under new energy plan

JAKARTA (Reuters) - Indonesia will rely more on private investors for its planned 71 gigawatt expansion in power capacity over the next decade, with the government to focus on transmission for renewable generation, the country's energy minister said on Monday. Bahlil Lahadalia said state utility Perusahaan Listrik Negara's (PLN) 2025-2034 power supply plan will include 71 GW of new power capacity

2025-01-20T06:16:20Z

Santander reviews UK retail banking presence amid broader assessment, source says

(Reuters) -Banco Santander is reviewing its presence in Britain, a person familiar with the matter said, two decades after its acquisition of Abbey National made it a major player on the country's high streets. Santander's review is part of a regular assessment of its major businesses, the person said speaking on condition of anonymity because they were not authorized to speak publicly. This

2025-01-19T15:55:44Z

Chinese investors pile into Bridgewater-style funds, eyeing Trump return

By Samuel Shen and Summer Zhen SHANGHAI/HONG KONG (Reuters) -Chinese hedge fund managers are racing to launch products styled on Bridgewater Associates' popular "All Weather" strategy, to meet hot investor demand for a cushion against expected volatility during Donald Trump's second U.S. presidency. Bridgewater founder Ray Dalio's "All Weather" is a volatility-mitigating, multi-asset strategy

2025-01-20T10:43:02Z

Mubadala’s KELIX bio acquires Julphar’s DiabTec

DiabTec operates a state-of-the-art facility equipped with 20,000-litre drug substance reactors and a separate cartridge fill-finish facility for drug products

2025-01-20T08:27:01Z

All the changes coming to Starbucks this year

From self-serve milk to more free refills, Starbucks has been making multiple policy changes under CEO Brian Niccol.

2025-01-20T10:35:07Z

Trump's crypto token surges to $11.7 billion market cap, bitcoin hits record high

By Rae Wee and Elizabeth Howcroft SINGAPORE (Reuters) -Donald Trump's newly-created cryptocurrency soared on Monday to nearly $12 billion in market value, drawing in billions in trading volume, while bitcoin hit a record high just hours ahead of the U.S. President-elect's return to the White House. Launched on Friday, Trump's meme coin, also known as $TRUMP, surged to $58.56 at 0820 GMT on

2025-01-20T08:57:34Z

Costco Teamsters vote to authorize US-wide strike, union says

(Reuters) - Teamsters said on Sunday its members at U.S. retailer Costco Wholesale voted in favor of a nationwide strike, as they entered a final round of talks to reach a new contract ahead of a Jan. 31 deadline. The union, which represents more than 18,000 workers at Costco, said 85% of its members voted to authorize a strike. "The vote is a direct result of the company’s continued failure to

2025-01-20T00:27:34Z

Insights: Key compliance trends in the Middle East

We look at how companies can navigate the compliance landscape in the Middle East

2025-01-20T06:26:57Z

Melania launches crypto meme, Donald Trumps falls by almost 50%

Melania Trump announced the launch of her cryptocurrency meme across social media.

2025-01-20T08:26:58Z

India tribunal orders liquidation of Go First airline, CNBC-TV18 reports

(Reuters) - An Indian tribunal has ordered the liquidation of Go First Airways after a request from the cash-strapped airline's lenders, CNBC-TV18 reported on Monday. Go First Airways did not immediately respond to a Reuters request for comment. In August, Go First's lenders had decided to liquidate the company's assets after rejecting bids by interested suitors to revive the bankrupt airline,

2025-01-20T06:35:39Z

Hong Kong's Oct-Dec unemployment holds steady at 3.1%

HONG KONG (Reuters) - Hong Kong's seasonally adjusted unemployment rate held steady at 3.1% in the October-December period versus the prior three-month period, the government said on Monday. The unemployment rate was steady to the September-November and August-October periods and was slightly up from 3% in the July-September period. "The labour market should remain largely stable in the near

2025-01-20T08:46:25Z

China's frugal young adults accelerate saving, raising economic risks

By Ethan Wang, Yukun Zhang and Ryan Woo BEIJING (Reuters) - The frugal trend that began in China during the economic disruption of the pandemic and deepened amid the crisis in the property market is intensifying as Gen Z shuns government calls to spend, spend, spend and doubles down on saving. On China's Instagram-like Xiaohongshu, or RedNote as it is known in the West, many under-30s are

2025-01-20T09:02:08Z

Santander reviews UK retail banking presence amid broader assessment, source says

(Reuters) -Banco Santander is reviewing its presence in Britain, a person familiar with the matter said, two decades after its acquisition of Abbey National made it a major player on the country's high streets. Santander's review is part of a regular assessment of its major businesses, the person said speaking on condition of anonymity because they were not authorized to speak publicly. This

2025-01-19T19:25:57Z

Costco's unionized workers vote to authorize a strike

Costco workers affiliated with the Teamsters have voted in favor of going on strike if no deal is made ahead of a January 31 contract deadline.

2025-01-19T21:38:49Z

Trump to revive TikTok, but wants 50% US ownership

By David Shepardson WASHINGTON (Reuters) -President-elect Donald Trump said he would revive TikTok access in the U.S. by executive order after he is sworn in on Monday, but said he wants the popular social media app to be at least half owned by U.S. investors. TikTok stopped working for its 170 million American users late on Saturday before a law shutting it down on national security grounds

2025-01-19T15:31:59Z

Czech billionaire Kretinsky's EPH joins suitors for Uniper, sources say

FRANKFURT/PRAGUE (Reuters) - Czech billionaire Daniel Kretinsky is among potential suitors that have been approached by Berlin about a purchase of German state-owned utility Uniper, three people familiar with the matter said. Berlin is currently exploring a divestment of its 99.12% stake in Uniper, which had to be nationalised during Europe's energy crisis in 2022, with options ranging from a

2025-01-20T08:52:28Z