Dubai Telegraph

UK inflation jumps as Mideast war propels energy prices

Britain's annual inflation rate jumped to 3.3 percent in March as the Middle East war sent oil and gas prices surging, official data showed Wednesday.

Oil falls, stocks mixed as traders weigh outlook after Trump extends truce

Oil prices fell and stocks were mixed Wednesday as investors assess the chances of US-Iran peace talks after Donald Trump extended his ceasefire at the eleventh hour but kept his blockade of the Strait of Hormuz in place.

Chinese carmakers aim to build up presence in Europe

Chinese carmakers have quickly built up their presence in the lucrative European auto market, buoyed by technological advances their competitors are trying to copy, and analysts say their next step is to begin producing locally.

Young Chinese use AI to launch one-person firms over job anxiety

Young Chinese, many who fear age discrimination in their workplace after turning 35, are increasingly starting "one-person companies" that have artificial intelligence do most of the work.

AI-powered robots offer new hope to German factories

A blue-eyed humanoid robot carefully opens a box and places a tool inside as a crowd of visitors watch the demonstration of "physical AI" skills at a major industrial trade fair in Germany.

One month phone-free: Young Americans try digital detox

Getting around without Google Maps. No longer scrolling Instagram at the bus stop. Ditching your headphones to hear the birds sing.

Questions about Tesla spending binge ahead of earnings

Questions about Tesla's progress towards achieving fully autonomous driving at scale are expected to figure prominently when the company reports results Wednesday.

John Ternus to lead Apple in the age of AI

The future of Apple is being entrusted to a company veteran said to combine hardware brilliance with "the soul of an innovator."

Stocks fall, oil climbs amid uncertainty over US-Iran talks

Oil prices climbed and stocks slid Tuesday as uncertainty reigned over US-Iranian peace talks resuming, and the expiration of the two-week ceasefire in the Middle East loomed.

Mexico pyramid shooting was planned attack, officials say

Mexican authorities said Tuesday that the man who killed a Canadian woman and wounded 13 others the day before at the famed Teotihuacan pyramids had planned the attack in advance.

Maker of Argentina's first Oscar-winning film, Luis Puenzo, dies at 80:

The director of the first Argentine film to win an Oscar, Luis Puenzo, died on Tuesday aged 80, the main organization representing Argentine creatives said Tuesday.

US Fed chair nominee says will not be controlled by Trump

Donald Trump's choice to lead the US Federal Reserve, Kevin Warsh, stressed Tuesday that he would not be controlled by the president as he fielded questions on his assets and central bank independence during his confirmation hearing.

US Fed chair nominee says he will not be controlled by Trump

Donald Trump's choice to lead the US Federal Reserve, Kevin Warsh, stressed Tuesday that he would not be controlled by the president as he fielded questions on his assets and central bank independence during his confirmation hearing.

In Portugal, Lula urges return to multilateralism

Brazilian President Luiz Inacio Lula da Silva on Tuesday championed trade multilateralism, saying Brazil seeks commercial ties "without preference" with partners from China and the United States to Russia and France.

Chery wants to make small electric car in Europe

Chinese carmaker Chery said Tuesday it wants to manufacture a small electric vehicle in Europe for the European market.

US official says gas prices have peaked despite Iran war

US Energy Secretary Chris Wright said Tuesday that gasoline prices appeared to have peaked after a surge linked to the Iran war -- a marked shift in tone a day after President Donald Trump publicly rebuked his earlier, more cautious outlook.

Mideast war lights fire under energy transition plans

Painful surges in oil prices are spurring countries to quickly rethink how to reduce dependence on fossil fuels, as shortage risks from war in the Middle East grow greater by the day.

Bangladesh fuel crunch forces hours-long wait at the pump

Day and night, drivers queue for hours for the chance to refill fuel tanks, as import-dependent Bangladesh grapples with shortages due to the Middle East war.

Oil and stocks steady as US-Iran truce expiry looms

Oil prices dipped and stocks edged higher Tuesday as investors held out hope that despite conflictual rhetoric there was scope for a deal to end the Middle East war and reopen the Strait of Hormuz to oil and gas shipments.

No Iran delegation sent to US talks yet as truce expiry nears

Iran said Tuesday it has not yet sent a delegation for new peace talks with the United States, as the temporary ceasefire which paused the Middle East war was set to expire.

Apple's Tim Cook to step down as CEO after 15-year run

Apple's Tim Cook will step down as the California tech giant's chief executive this year, handing the top job to a company veteran as it navigates a technology landscape being upended by AI.

Oil prices dip, stocks rise on lingering Iran peace hopes

Oil prices fell on Tuesday while stocks rose on lingering hopes for a deal to end the US-Iran war and reopen the Strait of Hormuz, even as Tehran said it had not decided whether to attend peace talks.

Associated British Foods to spin off Primark clothes brand

Associated British Foods announced Tuesday that it would spin off its budget fashion chain Primark, splitting up one of the country's largest consumer businesses.

Turkmenistan, the gas giant increasingly dependent on China

In the desert expanse of Turkmenistan, Chinese engineers are hard at work at the vast Galkynysh gas field -- a mega project that is deepening the closed Central Asian state's already extensive ties with Beijing.

Chinese AI circuit board maker soars on Hong Kong debut

Shares in a Chinese tech firm that supplies US chip titan Nvidia soared almost 60 percent on its Hong Kong debut Tuesday, having raised more than US$2 billion in the city's largest listing this year.

Tim Cook's time as Apple chief marked by profit absent awe

An Alabama-born engineer seen as a supply-chain savant, Tim Cook took on the daunting challenge of succeeding Apple's iconic boss Steve Jobs 15 years ago.

Amazon invests another $5 bn in Anthropic

Amazon on Monday said it pumped another $5 billion into Anthropic as it ramps up its collaboration with the startup behind Claude artificial intelligence.

US, Iran warn ready for war as talks in limbo

The United States and Iran on Monday each warned they were ready for war as the clock ticked on a ceasefire, with uncertainty on talks that President Donald Trump had announced would resume in Pakistan.

Apple's Tim Cook to step down as CEO in September

Apple on Monday announced that Tim Cook will step down as the tech giant's chief executive officer in September, handing the top job to company veteran John Ternus.

Colombian environmental activist honored amid threats and exile

Afro-Colombian woman Yuvelis Morales, a 25-year-old who has spent most of her adult life working to block the world's biggest oil companies from exploiting fragile ecosystems, won the environmental equivalent of a Nobel prize on Monday.

US-Iran talks in limbo as Trump vows no let-up in blockade

Iran said Monday it had not decided whether to attend a new round of peace negotiations with the United States, while President Donald Trump vowed no let-up in a blockade and threatened to start bombing again.

EU to host Taliban officials for talks on deporting Afghans

Taliban officials are expected in Brussels in the coming weeks for talks on deporting Afghans from the EU to their home country, sources told AFP.

Dubai Telegraph - Economy (English)

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