UAE Minister of State for Entrepreneurship and SMEs, Dr Ahmed Belhoul Al Falasi, has held wide-ranging talks with the UK Minister for Business, Energy and Industrial Strategy.
Dr Al Falasi and Lord Gerald Edgar Grimstone discussed the implications of the COVID-19 pandemic, Brexit and expanding economic ties during their online meeting.
They also examined diversifying their partnerships in small and medium-sized enterprises and tourism.
Dr Al Falasi highlighted the UAE’s keenness to strengthen cooperation and develop a strategic partnership between the two countries in advanced sectors.
"The tourism sector is one of the drivers of economic development in the UAE and one of the key areas of cooperation between the two countries. The UAE received around 1.4 million visitors from Britain in 2019, and UK citizens accounted for some seven per cent of hotel guests in the UAE during the same year," he said.
Microsoft and OpenAI reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and giving it more freedom in its business operations.
Apple topped $4 trillion in market value for the first time on Tuesday, the third Big Tech company to hit the milestone, as robust demand for its latest iPhone models allayed fears over its slow progress in the AI race.
Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.
US air travel turmoil deepened as nearly 7,000 flights were delayed nationwide, with air traffic controller absences surging as the federal government shutdown reached its 27th day.
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Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.