Business
BEIJING: China’s rapid shift to electric vehicles is reshaping the world’s largest auto market and dulling growth in the transport fuel demand that once underpinned its appetite for imported crude, including heavy oil from Venezuela. The International Energy Agency said China sold over 11 million electric cars in 2024, with electric models accounting for almost half of all car…
MENA Newswire, NEW YORK: Gold and silver prices tumbled in a sharp, disorderly selloff that erased an estimated $7 trillion in notional value across precious metals, after a record-setting rally gave way to forced liquidations, margin pressures, and a stronger U.S. dollar. The…
WASHINGTON: More than seven years after President Donald Trump launched sweeping tariffs on Chinese goods, official data and widely cited economic studies show the measures raised costs inside the United States while leaving the core U.S. goods trade deficit with China largely intact.…
MENA Newswire, BUENOS AIRES: Argentina has repaid the United States $2.5 billion that it drew under a short term currency swap credit line from the U.S. Treasury, completing the repayment by the end of December 2025, according to statements from U.S. and…
Travel
Technology
MENA Newswire, SAN FRANCISCO: Microsoft on Jan. 26 introduced Maia 200, the second generation of its in-house artificial intelligence accelerator, built to run AI models in production across Azure data centres. The company said Maia 200 is designed for inference, the stage where trained models generate responses to live requests, and will be…
Automotive
Luxury
Rolex introduces the latest addition to its esteemed collection with the unveiling of the new Oyster Perpetual Rolex Deepsea model. Breaking tradition, this iteration marks the first-ever presentation of the divers’ watch in 18 ct yellow gold. Sporting a distinctive 60-minute…
The Rolex Oyster Perpetual Day-Date, a beacon of horological prestige, marries the elegance of 18 ct gold or 950 platinum with groundbreaking innovation. Since its launch in 1956, it has stood out as the first wristwatch to display both the date and…
The 53rd edition of the Watch & Jewellery Middle East Show, unveiled its treasures on January 31st in Sharjah. This prestigious event, a collaboration between Expo Centre Sharjah and the Sharjah Chamber of Commerce and Industry, has become a beacon for luxury connoisseurs worldwide,…
Porsche, the renowned sports car manufacturer, has teamed up with Frauscher Shipyard to unveil the 850 Fantom Air, their inaugural electric sports boat. Powering this maritime marvel is the drive technology slated for Porsche’s upcoming all-electric Macan. International media and enthusiasts recently…
The Rolex GMT-Master II is making waves with its two latest versions – one in yellow Rolesor, a blend of Oystersteel and yellow gold, and another in 18 ct yellow gold. These timepieces debut a groundbreaking grey-black Cerachrom bezel insert, redefining the…