Saudi's Public Investment Fund (PIF) partners with a pension fund to establish an aircraft leasing company.
The European Union has announced plans to impose sanctions and tariffs on Israel as it expands its conflict in Gaza, marking a tougher stance against the country. This move comes amidst growing concerns over the humanitarian crisis in the enclave.
In Malawi, former leader Peter Mutharika is set to return to power in today's elections. The elections highlight the gerontocracy leading the world's youngest continent, with Mutharika being 80 years old.
Football fans are eagerly awaiting the return of seven-time Super Bowl winner Tom Brady, who is coming out of retirement to play flag football in Saudi Arabia at the Fanatics Flag Football Classic in Riyadh in March. The city is set to host a monthslong festival, Riyadh Season, which will feature a WWE Royal Rumble and a comedy lineup including Bill Burr, Aziz Ansari, and Dave Chappelle.
Saudi Arabia aims to position itself as the Middle East's fintech hub, attracting more than 1,000 investors and executives from mostly US and Chinese firms to a packed exhibition hall in Riyadh.
In the realm of artificial intelligence, Jeronimo Gonzalez, CEO of Anthropic, has long predicted that AI, or 'AI' as it's often referred to, will wipe out jobs. Meanwhile, Anthropic's CEO is creating 20 times more code than a few months ago, with 95% of it written by Claude, the company's chatbot.
Russia and Belarus are conducting military drills that include rehearsals involving the launching of tactical nuclear weapons, causing unease across Europe. The suspect in the assassination of prominent conservative US activist Charlie Kirk has been charged with aggravated murder, and the US is seeking the death penalty in the case.
Anthropic's CEO creates 20 times more code than a few months ago, 95% of it written by Claude, the AI chatbot. The joint venture between Saudi Arabia's state pension fund and the country's aviation leasing unit of AviLease will be managed by Mohammed Al-Ghamdi. The new venture will be majority owned by Hassana, the $320 billion pension fund.
US President Donald Trump's UK state visit is being characterized by lavish ceremony, promises of mutual investment, and protests from a British public with whom he is deeply unpopular. US stocks shot to record highs on Monday as investors bet that an interest rate trim this week and tax cuts will provide a fresh economic boost.
The 81-year-old Ugandan leader Yoweri Museveni has announced his intention to seek reelection next year. US retail sales rose in August for a third straight month, a sign of consumer resilience despite other gloomy economic signals.
The US and China have struck a 'framework' deal over TikTok, according to Treasury Secretary Scott Bessent. OpenAI has announced a version of ChatGPT for teens, as tech companies face growing pressure to protect minors who use chatbots.
Israel launched its ground offensive into Gaza City, further eroding prospects for a ceasefire in the enclave. The new joint venture between Saudi Arabia's state pension fund and the country's aviation leasing unit of AviLease will provide 10 aircraft currently leased to Saudi airlines to the new venture.
Experts fear the growing age gap between rulers and the ruled could feed unrest on the African continent. Saudi and Omani firms are looking to make significant investments with Iraqi companies to help support the country's private sector. Three-quarters of companies working with Claude, the AI chatbot, use it for 'full task delegation'.
Omani and Egyptian investors are pouring $265 million into a new economic zone in Muscat to draw startups working on AI. China's economic slowdown appears to be deepening, with retail sales, industrial production, and investment levels all below analysts' expectations in August.
The US, Mexico, and Canada are beginning consultations ahead of a high-stakes review of their $2-trillion trade agreement. The partnership between Saudi Arabia's pension fund, Hassana, and the kingdom's sovereign wealth fund comes at a time when there is growing attention on Saudi Arabia's ability to fund its economic diversification plans, with tourism and logistics forming key pillars of the strategy.
President Donald Trump said the US military struck another Venezuelan ship allegedly carrying drugs, part of Washington's expanding crackdown on Latin American cartels. Cameroon's Paul Biya may extend his term next month.
Saudi and Omani firms are looking to make significant investments with Iraqi companies to help support the country's private sector. Three-quarters of companies working with Claude, the AI chatbot, use it for 'full task delegation'.
In a bid to combat the growing threat of AI, OpenAI has announced a version of ChatGPT for teens. The joint venture will be majority owned by Hassana, the $320 billion pension fund. The seven-time Super Bowl winner will join current and former NFL stars at the Fanatics Flag Football Classic in Riyadh.
Experts fear the growing age gap between rulers and the ruled could feed unrest on the African continent. Saudi and Omani firms are looking to make significant investments with Iraqi companies to help support the country's private sector. The US, Mexico, and Canada are beginning consultations ahead of a high-stakes review of their $2-trillion trade agreement.
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