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Saudi megafund’s success rests on fuzzy local bets

07-11-2024 RIYADH: Saudi Arabia’s main mission is to diversify its heavily oil-dependent economy. But that “Vision 2030” project is undergoing a transition of its own. The kingdom’s $950 billion Public Investment Fund (PIF), tasked by Crown Prince Mohammed bin Salman (MbS) with delivery, is increasingly focused on a collection of …

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Taiwanese suppliers move manufacturing abroad

07-11-2024 HANOI/ TAIPEI: Elon Musk’s SpaceX asked Taiwanese suppliers to transfer manufacturing off the island, leading to some relocating portions of their supply chain, according to sources employed by and close to the equipment makers and corporate documents. A source at a company that is one of the numerous subcontractors …

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German liberals bat away Greens’ peace offering on coalition

07-11-2024 BERLIN: The party leaders of Germany’s increasingly loveless coalition met for more crisis talks on Tuesday but a budgetary compromise that could avert the collapse of Chancellor Olaf Scholz’s government still looked elusive. The ideologically inchoate alliance was thrown into disarray when Finance Minister Christian Lindner’s neo-liberal Free Democrats, …

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Zimbabwe bans police from using mobile phones on duty

07-11-2024 HARARE: Zimbabwe’s government has banned “with immediate effect” police officers from using mobile phones while working. The ban is contained in a memo, ordering police officers to abandon their private communication gadgets while on duty. All officers are required to surrender their mobile phones to their supervisors once they …

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Cyber crimes up by 24% this year: CP C V Anand IPS

Hyderabad Annual Cybersecurity Knowledge Summit, H.A.C.K. 2.0, Unites Leaders to Shape a Secure Digital Future Theme: From Awareness to Action: Shaping a Secure Digital Future Together, we are building a secure digital future for Hyderabad. Hyderabad, Nov.6 (Shoukat-PMI): City police commissioner CV Anand IPS said today that Cyber crimes had …

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Trump and Harris pick up early wins

06-11-2024 WASHINGTON: Donald Trump wins Florida as both he and Kamala Harris pick up several US states. Vote counting is ramping up as polls close in the key battleground states of Georgia and Pennsylvania. Democracy and the economy are the top issues for voters, early exit polls suggest. Americans are …

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