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Oil-rich UAE turns to AI to grease economy
Oil-rich UAE turns to AI to grease economy
by  AFP

Deep in the Abu Dhabi desert, a vast AI campus a quarter the size of Paris is starting to emerge, the oil-rich UAE's boldest bet yet on technology it hopes will help transform its economy. Now, the UAE is hoping that AI can help fill the gap when oil demand inevitably wanes.

Nepal faces economic fallout of September protest
Nepal faces economic fallout of September protest
by  AFP

When Nepal's government was toppled in September after deadly youth-led protests against economic stagnation and corruption, many in the impoverished country hoped for a period of meaningful political change. Protests, initially triggered by anger over a brief government ban on social media, were spearheaded by protesters under the loose "Gen Z" umbrella.

Veggie 'burgers' at stake in EU negotiations
Veggie 'burgers' at stake in EU negotiations
by  AFP

EU countries and lawmakers will wrangle Thursday over whether to give plant-based "sausages" and veggie "burgers" the chop, amid a push to restrict such labels to meat products. Lawmakers at the European Parliament in October backed a proposal to reserve a list of labels including burger and sausage for foods containing meat.

South Korea chip giant SK hynix mulls US stock market listing
South Korea chip giant SK hynix mulls US stock market listing
by  AFP

South Korean chip giant SK hynix said on Wednesday it was considering a US stock market listing using treasury shares as part of efforts to boost shareholder value. In a regulatory filing, SK hynix said it was "considering various measures to enhance shareholder value, including listing on the US stock market using treasury shares, but no decisions have been finalised yet".

ExxonMobil slows low-carbon investment push through 2030
ExxonMobil slows low-carbon investment push through 2030
by  AFP

ExxonMobil is slowing medium-term investments in low-carbon ventures by some $10 billion compared with its outlook a year ago, the oil giant announced Tuesday. Under either investment scenario, the low-carbon ventures represent a small percentage in the company's overall capital budget, which is still heavily tilted towards conventional fossil fuels.