German specialty chemicals group Evonik has announced key leadership changes, appointing a new chief financial officer while extending the mandate of its current chief executive officer until 2030. The company confirmed that Michael Rauch will take over as CFO following a recent board decision. His appointment comes at a time when companies......
France’s technology ecosystem has gained a new unicorn as Morpho, a decentralized finance (DeFi) startup, reaches a valuation of over $1 billion, highlighting the continued growth of the cryptocurrency sector. Morpho specializes in blockchain-based lending and borrowing, offering a platform that connects lenders and borrowers directly......
Demis Hassabis has warned that the most important challenge in artificial intelligence is not the race to build better chatbots but the safe development of artificial general intelligence. His remarks come amid renewed attention driven by a recent biography and a series of public appearances that have placed him at the center of debates over......
Global oil prices declined sharply on Friday, falling by around 5 percent as markets reacted to growing expectations of easing geopolitical tensions in the Middle East. Benchmark crude prices dropped below the symbolic $100 per barrel level, reflecting a shift in investor sentiment. Brent crude and U.S. West Texas Intermediate (WTI) both......
Canada’s housing sector showed signs of slowdown in March, as new residential construction fell by 6 percent compared to the previous month, according to data released by the national housing agency. The seasonally adjusted annual rate of housing starts declined to around 235,000 units, missing market expectations that had anticipated......
Tesla has launched a targeted hiring push in Taiwan for semiconductor engineers as its Terafab project gathers momentum, signaling a deeper move into advanced chip manufacturing. The recruitment drive focuses on experienced engineers with backgrounds in cutting edge fabrication processes, placing the company in direct competition for talent......
Artificial intelligence company Anthropic is in ongoing discussions with the European Commission regarding its range of AI models, including cybersecurity-focused systems that are not yet available in the European Union, according to the Commission. A spokesperson for the European Commission confirmed that the U.S.-based company has engaged......
European natural gas prices moved higher on Thursday as markets weighed uncertainty around ongoing diplomatic efforts between the United States and Iran, with a fragile ceasefire set to expire within days. The benchmark Dutch TTF contract climbed about 2 percent on April 16 to roughly 42.24 euros per megawatt hour, reflecting renewed concern......
Walmart-owned e-commerce giant Flipkart is preparing to enter India’s growing ticketing market, marking a new expansion move as demand for live entertainment continues to surge across the country. According to sources familiar with the matter, Flipkart plans to begin offering tickets for movies and live events, including concerts and......
Indian Prime Minister Narendra Modi and French President Emmanuel Macron held a phone call on Thursday to address the escalating crisis in West Asia, focusing on the urgent need to restore freedom of navigation in the Strait of Hormuz. The strategic waterway, critical for global energy supplies, has been largely closed to international shipping......
Swedish automotive safety supplier Autoliv, the world’s largest producer of airbags and seatbelts, reported a stronger-than-expected performance in its first-quarter results, with adjusted operating profit declining less than analysts had forecast. The company said that its performance during the period exceeded its internal expectations,......
El Salvador has introduced sweeping constitutional reforms allowing life imprisonment for minors as young as 12 years old, marking a significant escalation in the country’s hardline criminal justice policy. The reform, recently signed into law by President Nayib Bukele, permits life sentences for serious crimes such as homicide, femicide,......
The James Webb Space Telescope has recorded the first mid infrared spectroscopic observations of an interstellar comet, identifying methane in 3I/ATLAS as it leaves the solar system. The detection provides a direct view of volatile compounds formed outside our planetary system and preserved over cosmic timescales. Scientists used the telescope’s......
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GITEX Africa: The New Frontiers Of African Innovation
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