Ericsson CEO Börje Ekholm to Step Down, Per Narvinger Named Successor
STOCKHOLM: Swedish telecommunications giant Ericsson announced on Monday that its President and Chief Executive Officer, Börje Ekholm, will step down…
Business
Bank of Japan Raises Interest Rates to 31-Year High Amid Inflation Concerns
TOKYO: The Bank of Japan (BOJ) raised interest rates to a 31-year high on Tuesday, marking a significant step in…
India Temporarily Blocks Telegram Over Alleged Exam Fraud Concerns
New Delhi: India has temporarily blocked the messaging platform Telegram until June 22, citing its alleged misuse in facilitating fraud…
Google to Appeal German Court Ruling on AI Overviews Liability
MUNICH / FRANKFURT: Alphabet’s Google has announced that it will appeal a German court ruling which held the company legally…
UK Economy Contracts in April as Middle East Conflict Disrupts Sporting Events and Services Sector
LONDON: Britain’s economy contracted by 0.1 percent in April, marking its first monthly decline since August, as the ongoing conflict…
EIB Group Approves €7.9 Billion Financing for Innovation, Clean Energy and Global Connectivity
Brussels: The European Investment Bank (EIB) Group and the European Investment Fund (EIF) have approved €7.9 billion in new financing…
Tajikistan Showcases Energy Sector Achievements at Global Energy Forum in Washington
Washington: Tajikistan highlighted its energy sector achievements and ongoing infrastructure projects at the Global Energy Forum in Washington, according to…
Sterling Holds Steady as Markets Weigh Middle East Tensions and Key UK Economic Events
LONDON: The British pound remained broadly stable against the U.S. dollar on Wednesday as investors monitored escalating tensions between the…
Britain Reviews Proposed Steel Tariff Regime Following Industry Concerns
LONDON: The British government has launched a consultation with industry stakeholders on its proposed new steel tariff regime, as concerns…
US Job Market Shows Gradual Recovery but Remains Sluggish, Raising Concerns Over Youth Employment
WASHINGTON: The American job market has moved out of a recent slump but continues to grow at a tepid pace,…