Dubai Telegraph

French AI firm Mistral valued at 21 bn euros after latest funding

Mistral announced Tuesday that it had raised three billion euros ($3.5 billion) in what it described as the largest-ever European tech fundraising, valuing the French AI firm at over 21 billion euros.

Canada's counter-tariffs take effect on various US goods

Canada's retaliatory tariffs on billions of dollars in US products took effect Tuesday, as a trade war between the North American neighbors heats up.

China's trade booms as focus turns to expected Trump-Xi summit

China's imports and exports surged in August, helped by a global AI buildout that has fuelled demand for technology products and ahead of an expected meeting between President Xi Jinping and US counterpart Donald Trump.

Yen extends gains as traders eye rate hike, tech rallies again

The yen extended gains Tuesday, putting it in range of a 2026 high against the dollar as investors ramp up bets on Bank of Japan interest rate hikes, while tech firms once again stood out on equity markets.

Mongolians wait hours for fuel as reliance on Russia bites

After a five-hour wait for petrol, Mongolian pensioner Nasanjargal is still 10 places from the pump, with dozens of cars behind him in a queue snaking into the arid steppe.

Eiffel Tower closed in row over women removed for Hindu group

The Eiffel Tower was closed on Monday because of a strike by staff over the removal of female colleagues during a visit by a Hindu religious group, workers and management said.

CapTLX Launches Institutional Gateway to U.S. Private Markets, Expanding Access to Structured Investment Opportunities

CapTLX announced the continued development of its institutional investment platform designed to provide qualified investors with structured access to selected U.S. private-market opportunities.

Alleged killers of Australian, US surfers go on trial in Mexico

The suspected murderers of two Australian surfers and an American at a Mexican surfing hotspot went on trial Monday, two years after their killings in a suspected robbery.

Robots protest rampant AI in Poland

Waving flags, "chanting" slogans, and marching in circles: around 30 robots took to the streets of Warsaw on Monday to campaign for AI regulation in front of the Polish digital affairs ministry.

Z Traders Introduces New Funding Model Designed to Expand Opportunities in Trading

Z Traders has introduced a new trading funding model designed to give eligible participants greater flexibility in accessing trading education and digital trading credits. Since launching on August 13, the company reports that more than 1,000 users have joined the platform, with participation continuing to grow.

Cipheras Group - Apex AI Fund Deploys 290-Billion-Parameter Proprietary Large Language Model

Private AI equity fund becomes one of the first investment vehicles in the world to integrate a purpose-built LLM into the daily management of a live equity portfolio

Tech firms rally, with eyes on US inflation update

Technology firms rallied on stock markets Monday, with traders gearing up for key US inflation data this week that could lock in a September interest rate rise from the Federal Reserve.

Jaguar Land Rover to cut 4,000 jobs as European car sector hits skids

Jaguar Land Rover said Monday that it would cut "around 4,000 roles over the next two years", or about ten percent of its global workforce, in a further blow to Europe's automobile industry.

US average diesel price rises to record $5.90 a gallon: AAA

Average diesel prices in the United States climbed to a new record Monday, the motorists' association AAA said, as damage to Gulf refineries during the war against Iran disrupted supplies.

Dukascopy Bank Unveils AI-Powered Trading, 25,000+ Stock CFDs and a New Flagship E-Banking App

Swiss-regulated bank brings AI-powered trading, 25,000+ stock CFDs and a new flagship app to clients in a single innovation drive

Tech firms rally but Asian markets mixed, with eyes on US inflation

Tech firms rallied on a mixed day for Asian stocks Monday, with traders gearing up for a crucial week of events culminating in US inflation data that could determine the Federal Reserve's decision on interest rates.

Nepal holds day of mourning as families pray missing still alive

Nepal held a national day of mourning Monday for victims of devastating glacial floods, as families of missing hydropower workers feared trapped in tunnels prayed rescuers might yet find them alive.

Jakarta airport extends closure after volcano eruption

Jakarta's main airport and three others delayed reopening on Monday after halting operations due to a volcanic eruption and leaving hundreds of thousands stranded.

Lonely woman director in Venice sees industry backsliding on gender

When Danish director May el-Toukhy was selected for the top competition at the Venice Film Festival in July, she was the only female filmmaker in a 20-strong field -- with a movie "about the invisibility of women".

Tech firms rally on mixed day for Asian markets, with eyes on US inflation

Tech firms rallied on a mixed day for Asian stocks Monday, with traders gearing up for a crucial week of events culminating in US inflation data that could determine the Federal Reserve's decision on interest rates.

ECB set to hike interest rates as Iran war flares anew

The European Central Bank is expected to raise interest rates again this week as renewed fighting in the Middle East pushes up energy costs and risks further stoking inflation.

AI data centers are less thirsty now, tech giants say

Data centers are running into a wall of public anger in the United States over their thirst for water and power.

Far-right AfD claims crushing victory in east German state vote

Germany's far-right AfD won a landslide victory in a key regional election Sunday in the ex-communist east, a result seen as a stinging rebuke for Chancellor Friedrich Merz, but looked set to miss out on an absolute majority to govern alone.

Vandals uproot Berlin tree commemorating Pride attack victims

A tree planted at the site of a fatal attack on this year's Berlin Pride march has been destroyed, just days after a commemorative rainbow bench there was vandalised, German police said on Sunday.

Indonesia's main airport suspends operations after volcanic eruption

Indonesia halted operations at its main international airport outside Jakarta on Sunday after ash spewed from the Anak Krakatoa volcano more than 150 kilometres away, impacting thousands of passengers.

Indian Oscar-nominated filmmaker turns camera on his cancer

Indian filmmaker Shaunak Sen's new documentary began as a "coping" mechanism after a shock cancer diagnosis, but continues the motifs of environmental degradation and caregiving that drove his previous work.

'The flood is coming': How a Nepal principal saved 900 students

Rajendra Dawadi was inside his school near Nepal's Trishuli River with around 900 students last week when a colleague delivered an urgent warning.

Bangladesh measles toll nears grim 1,000-child mark

Bangladesh's deadliest measles outbreak in decades is nearing the grim milestone of 1,000 child deaths, as a devastating epidemic sweeps through the country and crowded hospital wards fill with struggling babies.

Bolivia farmers return to streets over diesel price hikes

Several hundred coca farmers and supporters of former Bolivian president Evo Morales demonstrated in the central city of Cochabamba on Friday over the government's doubling of diesel prices, AFP reporters said.

S&P Revises Outlook on Freedom Holding Corp. and Core Subsidiaries to Positive

S&P Global Ratings has revised the outlook on the long-term credit ratings of Nasdaq-listed Freedom Holding Corp. and its four core operating subsidiaries from “stable” to “positive,” while affirming their international credit ratings.

Moody’s Assigns First-Time Insurance Financial Strength Ratings to Freedom Insurance and Freedom Life

Moody’s Ratings has assigned insurance financial strength ratings to two Freedom Holding Corp. (Nasdaq: FRHC) insurance subsidiaries for the first time. Freedom Finance Insurance JSC, operating as Freedom Insurance, received Ba1 local- and foreign-currency insurance financial strength ratings, while Freedom Life JSC received Baa3 ratings. Both carry stable outlooks.

Job growth but record-high diesel prices -- Trump's midterms mixed bag

Fresh economic data on Friday brought US President Donald Trump's Republican Party good and bad news ahead of midterm elections, with the labor market showing strong growth but record-high diesel prices likely to further fuel inflation.

Dubai Telegraph - Economy (English)

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