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DUBAI — Abu Dhabi artificial intelligence firm Presight bought a 51% stake in AIQ, a joint technology venture between the Abu Dhabi National Oil Company, or ADNOC, and G42, a major Abu Dhabi-based AI and cloud company.
Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff because it "simply had no other way to bring its spending in line with its revenue."
Pakistan seeks another long-term IMF programme to support its ailing economy but experts say the focus must be on reforms.
Norway's $1.6 trillion sovereign wealth fund says it will continue to advocate for investments based on environmental, social and governance (ESG) factors, brushing off the impact of a green political backlash.
SEOUL -- In the first meeting between South Korea's two most prominent politicians, the opposition leader called on the president to support a measure to provide a one-time cash handout to all citizens.
Support for the currency follows a years-long slide that even Japan’s first interest rate hike since 2007 and broad optimism about the economy has failed to arrest.
Trailblazing former Pakistan women’s cricket captain Bismah Maroof says ’emotional’ farewell was for team and family.
However, analysts warned that the plan could provoke Beijing into accelerating its lunar projects in a bid to claim a prestigious victory in space over its Asian rival.