BUSINESS

Do social media echo chambers deepen political polarization, or simply reflect existing social divisions?

A fired Twitter product manager said Elon Musk ran the company newly renamed X by instinct not data, surrounded by sycophants with his mood changing unpredictably.

Ford lifted its full-year forecast Thursday after quarterly earnings nearly tripled on strong vehicle pricing in conventional autos that offset losses in electric vehicles (EV).

Shell and other energy majors posted sliding net profits Thursday after oil and gas prices weakened in the first half.

Tucked amid shell-pocked buildings and roadside tributes to fallen fighters, a less obvious byproduct of wartime is spreading across Yemen's capital: speciality coffee houses serving steaming cups of top-rated pour-over.

Equity markets rose Thursday on hopes that the Federal Reserve's latest interest rate hike will be its last as data indicates inflation is being brought under control and the US economy appears set to avert a recession.

Airbus and Boeing both stepped up deliveries of commercial aircraft in the first half of this year, boosting revenue as they strive to ramp up production to meet demand from airlines.

Elon Musk is rebranding his Twitter platform as "X" and wants to create a super-app where users will do all their finances as well as their socialising.

Coca-Cola lifted its full-year earnings targets Wednesday after second-quarter results topped estimates as it described plans to limit additional price hikes to emerging markets with the most intense inflation.

"UAE residents will now be able to fund their accounts in minutes, thanks to a partnership with a local UAE bank. Furthermore, customers are further protected through the supervision of a local regulator and thorough legal framework," the CEO and co-founder of Rain, Joseph Dallago wrote.

The US Federal Reserve is poised to announce a fresh quarter percentage-point hike to its benchmark lending rate on Wednesday to tackle inflation, while keeping the option open for more such moves in the coming months.

Last year, 11 Dubai restaurants were awarded the Middle East's first Michelin stars, with more joining the prestigious club this year.

TotalEnergies announced Tuesday it had started drilling wells for oil in Uganda as part of a huge project condemned by environmental and rights groups.

The world is heading for a record grain harvest in the 2023-2024 season thanks to gains for maize and rice, but the market remains under pressure thanks to El Nino and risks due to the war in Ukraine.

Spotify reported Tuesday a bigger-than-expected rise in active users at the end of the second quarter, a day after the music streaming giant announced price increases for its premium service.

In a scene Ford hopes to see across Europe "soon", the first hands-free car model allowed on the UK's fastest roads zoomed down a motorway before slowing down as the back of a truck appeared.

The Swiss banking giant UBS has been fined close to $400 million for misconduct by its recently-acquired subsidiary, Credit Suisse, the US Federal Reserve announced on Monday.

TikTok, the social platform known for its addictive video content, announced Monday that it will offer text-only posts, becoming the latest tech giant to offer an alternative to embattled Twitter.

Since buying Twitter, Elon Musk has made significant changes to the company as well as the app itself, from charging for features to killing off the bird logo.

Twitter launched its new logo on Monday, replacing the blue bird with a white X on a black background as the Elon Musk-owned company moves toward rebranding as X. The social media network's website showed the company's new logo, but its URL was still showing as twitter.com and the blue "Tweet" button was visible, suggesting the rebrand was not yet finalized.

After a wildly successful first few days, Threads popularity has waned in the weeks since Meta launched its challenge to Twitter, which lives on despite its problems.

Twitter owner Elon Musk and the chief executive he brought aboard just a month ago say the social media network will ditch the bird logo, rebrand the platform with the name X and move quickly into payments, banking and commerce.

Equities mostly rose Monday in Asia with investors gearing up for policy decisions at major central banks this week, while concern over the Chinese economy continued to dampen sentiment.

AI will be the "defining mega-trend" for the global computing industry, the head of chip giant AMD said Thursday in Taiwan, where the majority of the world's semiconductors powering the technology is produced.

Goldman Sachs reported a steep drop in second-quarter profits Wednesday as it continued to struggle with an anemic merger and acquisition market and weakness in trading.

"ADNOC is placing sustainability and decarbonization at the heart of its strategy and, while we decarbonize our operations today, we are making robust investments to be a supplier of choice for the clean energies of tomorrow," ADNOC Managing Director and Group CEO, Sultan Ahmed Al Jaber said.

Interest rate hikes are forcing mobile operators to scale back investment in 5G networks, with equipment manufacturer Ericsson reporting Friday a rare net quarterly loss and Nokia lowering its outlook.

After years of bad press and scandal, Mark Zuckerberg is seeing his reputation spruced up in the fickle world of tech, largely thanks to the increasingly unpredictable behavior of Elon Musk.

Taiwanese electronics giant Foxconn withdrew from a $19.4 billion deal with India's Vedanta to make semiconductors in the South Asian nation owing to "challenging gaps", it announced Tuesday.