Volkswagen has named Porsche head Matthius Mueller as its new CEO as the automaker tries to contain the damage from its emissions cheating scandal. Meanwhile, it has emerged that 2.8 million vehicles in Germany may have been affected. Ira Spitzer reports from Berlin:
World Bank approves $700 million for Pakistan's economic stability
The World Bank said it has approved $700 million in financing for Pakistan under a multi-year initiative aimed at supporting the country's macroeconomic stability and service delivery.
China's ByteDance signs deal to form joint venture to operate TikTok US app
TikTok's Chinese owner, ByteDance, has said it has signed agreements with three major investors to form a joint venture to operate TikTok's US app led by American and global investors on Thursday.
India reviewing allegations of antitrust breaches by IndiGo
India's competition regulator said on Thursday it was reviewing allegations of antitrust violations by budget airline IndiGo following recent flight disruptions that hit air travel nationwide.
DXB and DWC boost winter schedules with new routes
Dubai Airports has entered the winter travel season with one of its strongest networks in history, as Dubai International (DXB) and Dubai World Central - Al Maktoum International (DWC) welcome new airlines and expanded connectivity to meet rising seasonal travel demand.
Amazon in talks to invest in OpenAI
Amazon.com Inc is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence company at over $500 billion, a source familiar with the matter said on Tuesday.
Dubai's Roads and Transport Authority (RTA) has opened two new bridges at Trade Centre Roundabout, cutting journey times by up to 80 per cent and easing congestion at one of the city’s busiest junctions.
His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has welcomed remarks by US Secretary of State Marco Rubio calling for an end to hostilities in Sudan at the start of the new year, to allow humanitarian aid to reach those in need.
The UAE has become the second country in the world to approve the use of Itvisma to treat spinal muscular atrophy (SMA) in eligible adults and children aged two years and above.
