SEOUL: The Bank of Korea said on Friday that its 2025 net income climbed to a record 15.3275 trillion won, nearly doubling from the previous year as gains on foreign-currency assets and stronger securities prices lifted results. The total marked a 96.03% increase from 2024 and surpassed the…

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UAE President Sheikh Mohamed bin Zayed Al Nahyan and Egyptian President Abdel Fattah El-Sisi held talks in Abu Dhabi  on Thursday, focusing on bilateral cooperation and regional developments, according to official statements. The meeting took place during President El-Sisi’s visit to the United Arab Emirates. Discussions addressed ways to enhance cooperation, particularly in economic and development sectors,…

NEW YORK: Encyclopaedia Britannica and Merriam-Webster have sued OpenAI in Manhattan federal court, accusing the artificial intelligence company of using nearly 100,000 online encyclopedia and dictionary entries without permission to train ChatGPT. The complaint, filed on March 13 in the Southern District of New York, says OpenAI copied copyrighted reference material at scale and used…

SEOUL: South Korea posted an 11.3 trillion won managed fiscal surplus in January as stronger tax collection offset higher government spending, with value-added tax and income tax leading the increase in receipts. Finance ministry data showed tax revenue reached 52.9 trillion won in the month, up 6.2 trillion won from a year earlier, while…

GABORONE: Botswana is facing renewed pressure on its diamond-driven economy after S&P Global Ratings lowered the country’s long-term sovereign rating to BBB- from BBB and its short-term rating to A-3 from A-2, while keeping a negative outlook. The cut leaves Botswana at the lowest investment-grade level and comes as weaker rough diamond sales continue…

News

CAMPO GRANDE: Senior officials and delegates meeting in Brazil this week said migratory species that cross national borders face mounting threats from habitat loss, pollution, climate pressures and poorly planned infrastructure, as the 15th Conference of the Parties to the Convention on the Conservation of Migratory Species…

WASHINGTON: Newly compiled U.S. State Department data show the country issued about 250,000 fewer immigrant and nonimmigrant visas from January through August 2025 than in the same period a year earlier. That amounted to an 11% decline in permanent and temporary visas excluding tourist visas, which also…

Business

SEOUL: The Bank of Korea said on Friday that its 2025 net income climbed to a record 15.3275 trillion won, nearly doubling from the previous year as gains on foreign-currency assets and stronger securities prices lifted results. The total marked a 96.03% increase…

Read More

Health

Technology

NEW DELHI: India is preparing a new fund worth more than 1 trillion rupees, or about $11 billion, to support domestic semiconductor production, according to a report published Thursday. The report said the proposed funding would provide subsidies for chip design projects, manufacturing equipment and the development of a local semiconductor supply chain, covering…

Sports

DUBAI: Tallon Griekspoor will face former world No. 1 Daniil Medvedev in the men’s singles final of the Dubai Duty Free Tennis Championships after both players won their semifinals on Friday at the ATP 500 event. Griekspoor, ranked 25th, reached his first Dubai final by beating fifth seed Andrey Rublev 7-5, 7-6(6). Medvedev, the third…

Automotive

MENA Newswire, ATLANTA: Mercedes-Benz USA has unveiled the 2027 S-Class Sedan as a major update to its flagship luxury sedan, adding new lighting signatures, a revised cabin technology stack and expanded personalization choices. The automaker said the model introduces an illuminated front grille with three-dimensional…

Lifestyle

Fresha, a leading global booking platform for lifestyle services, announced today that it has secured a $31 million investment from JP Morgan to enhance its machine learning and AI-driven robotics capabilities. This financial backing will enable Fresha to innovate further within its technology stack, aiming to streamline operations and enhance customer experiences across its…