[ad_1] The government of Saudi Arabia plans to create a fund of about $40 billion to invest in artificial intelligence, according to three people briefed on the plans — the latest sign of the gold rush toward a technology that has already begun reshaping how people live and work. In recent weeks, representatives … Read more
[ad_1] Saudi Arabia’s crown prince transferred another 8% of shares in the kingdom’s oil giant Saudi Aramco to the country’s prominent sovereign wealth fund on Thursday. The shares are worth some $160 billion. Crown Prince Mohammed bin Salman’s decision comes as the kingdom is trying to build a series of megaprojects and invest … Read more
[ad_1] Amazon will pay out $1.9 million to more than 700 migrant workers to settle claims of human rights abuses following exploitative labor contracts, The impacted laborers were working at two of the company’s warehouses in Saudi Arabia. Amazon saying it hired a third-party labor rights expert to investigate warehouse conditions. The organization found numerous … Read more
[ad_1] India’s crude oil imports jumped to a 21-month high in January as the world’s third-biggest oil importer and consumer shipped in more fuel to meet surging demand led by strong industrial activity. Crude oil imports in January rose 9.5% month-on-month to 21.39 million metric tons, and were up 5.7% on year-on-year basis, … Read more