Sheikh Ahmed opens Airport Show in Dubai as aviation sector in the emirate is flying high
World
airport services
Dubai’s dnata CEO: Airport check-in queues could be ‘eliminated’ with new technology
In an exclusive interview, Dnata’s Group chief executive Steve Allen revealed plans to introduce more automation and new technologies like baggage scanning to optimise operations and enhance the passenger experience
Artificial intelligence
OpenAI announces launch of GPT-4o
GPT-4o is tipped to be twice as fast as, and will come at half the cost of GPT-4 Turbo
Bill & Melinda Gates Foundation
Melinda Gates to exit Bill & Melinda Gates Foundation; to run own philanthropy
The billionaire benefactors parted ways in 2021 after 27 years of marriage, but had pledged to continue their philanthropic work together
generative AI
OpenAI releases “deepfake detector” to combat misinformation amid global surge
OpenAI will also be joining forces with Microsoft and Google as calls for AI content accountability continues
Boeing
Boeing plane catches fire in Senegal, 10 injured
It was reportedly the third incident involving a Boeing airplane this week
Australia
Australia tightens student visa rules in bid to check migration
The intensified scrutiny of student visas could particularly impact students from India, the second-largest source country for international student enrollments in Australia
China
China trade beats expectations as April exports rise 1.5%
The Chinese economy is being supported by trade due to the rise of overseas economies, especially the US
cepa
UAE and New Zealand launch CEPA negotiations to boost $765m trade
UAE and New Zealand have agreed to start negotiations for a Comprehensive Economic Partnership Agreement
China
China tourism booming as visa-free travel for 15 countries climbs over 266%
China welcomes more foreign visitors after it expands visa-free travel for 15 countries
Apple
Apple announces record $110 billion buyback amidst falling sales
Revenue down 4% to $90.8 billion, but beats market expectation; CEO Cook expects return to revenue growth this quarter
Amazon
Amazon beats market expectations with stellar Q1 results
Will invest $5.3 billion in new infrastructure Region in KSA; Sales up 13% to $143.3 billion; net income triples to $10.4 billion
alternative assets
Binance crypto founder Changpeng Zhao sentenced to 4 months in prison
Binance founder sentenced to four months in a US prison
AstraZeneca
AstraZeneca acknowledges its Covid vaccine can lead to rare blood clot side effects: Report
Covishield, developed by AstraZeneca and Oxford University during the pandemic, was widely administered in many countries including India and the UAE
Samsung
AI-led demand lifts Samsung’s operating profit by 933%
Korean giant reports revenue of $52.3 billion, up 12.81%, and operating profit of $4.79 billion
Elon Musk
Tesla gets a major win in China to boost sales
The data security clearance is expected to boost Tesla’s sagging sales in China, and comes during Musk’s visit to Beijing to seek approval to introduce driver-assistance software
