Business

WEF 2025: Saudi Arabia's services trade hits $144 billion with 7 percent annual growth

WEF 2025: Saudi Arabia's services trade hits $144 billion with 7 percent annual growth

Saudi service trade hit 540B riyals in 2023, up 7%. The service sector, crucial for global GDP & employment, is key for Saudi Arabia with investments in infrastructure.

Treasury steps in to protect car loan firms' payouts

Treasury steps in to protect car loan firms' payouts

Govt intervenes to avoid car loan firm losses after court ruling on hidden commissions. Firms face huge payouts, potentially disrupting market. Treasury aims to protect UK competitiveness.

Stargate: Tech giants announce AI plan worth up to $500bn

Stargate: Tech giants announce AI plan worth up to $500bn

OpenAI plans a $500B US AI infrastructure project, "Stargate," backed by global investors. Musk claims funding issues; Altman denies it. Project faces energy, foreign investor concerns.

TikTokers offered $5,000 to join Facebook and Instagram

TikTokers offered $5,000 to join Facebook and Instagram

Meta offers up to $5k to US creators joining Facebook/Instagram. Aims to lure them from other platforms (like TikTok). Must post Reels regularly.

LinkedIn accused of using private messages to train AI

LinkedIn accused of using private messages to train AI

LinkedIn is sued for allegedly sharing premium users' private data for AI training without consent, then changing policy. Lawsuit calls actions cover-up.

Three major supermarkets hit back at farm tax

Three major supermarkets hit back at farm tax

UK supermarkets (Tesco, Aldi, Lidl, etc.) oppose new inheritance tax on farms >£1m, fearing food security risks. Farmers may cut investment, OBR says.