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Chinese AI Optics Billionaire Eyes Dual Listing In Hong Kong After 340% Stock Rally
AsiaEditors' PickChinese AI Optics Billionaire Eyes Dual Listing In Hong Kong After 340% Stock RallyRoboTechnik Intelligent Technology’s Shenzhen-listed shares soared 340% over the past year, propelling founder Dai Jun’s net worth to $2.4 billion. ByZinnia Lee,Forbes Staff. I cover billionaires and startup founders in Asia.Follow AuthorMay 15, 2026, 03:32am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.@font-face{font-fa...
TT Electronics sales drop as it refreshes board following ill-fated takeover
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UAE CEOs fear losing jobs if AI plans fail, study finds
Dubai: Artificial intelligence is rapidly becoming one of the biggest pressure points for CEOs in the UAE, with a new study showing many business leaders now believe their jobs could depend on whether AI delivers measurable business results.Sign up for our daily business newsletter, Cheques & Balances.New research from Dataiku, a French-American artificial intelligence and machine learning company, found that 79 per cent of UAE CEOs believe their roles are at risk if their companies fail to achi...
UAE’s new West-East pipeline to double ADNOC’s export capacity through Fujairah
UAE is set to accelerate the delivery of the new West-East Pipeline project, which would double ADNOC’s export capacity through Fujairah.The pipeline is currently under construction and is expected to become operational in 2027.The decision was taken after Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, chaired a meeting of the executive committee of the ADNOC board of directors, held at the company’s headquarters in Abu D...
Iran conflict plunges European chemical industry into crisis — FT
According to the publication, high energy prices and weak demand have already led to the closure of two plants in the chemical cluster of the Port of Rotterdam
Petrol, diesel price hike: Indian Oil director calls it ‘very small rise’
The government on Friday raised petrol and diesel prices by Rs 3 per litre nationwide. In Delhi, petrol prices increased from Rs 94.77 to Rs 97.77 per litre, while diesel rates moved up from Rs 87.67 to Rs 90.67 per litre.
Bank of Korea’s New Board Member Flags Inflation, Housing Risks
The Bank of Korea’s newest board member highlighted mounting inflation and financial-stability risks tied to the Middle East conflict, housing prices and capital flows in his inaugural remarks Friday, reinforcing expectations the central bank is moving toward a hawkish bias.
British Gas hit with £20million bill over forced prepayment meter scandal
British Gas apologies for controversy in which debt agents working on its behalf had broken into the homes of vulnerable customers to fit prepayment energy meters
Fuel gets costlier: Centre raised petrol, diesel prices by Rs 3 - key details
Fuel prices saw a Rs 3 per litre increase on Friday. This move follows significant losses for state-run oil companies due to soaring global crude oil prices. The conflict in West Asia disrupted key shipping routes, pushing up import costs for India. This price adjustment comes after a period of frozen rates, impacting transportation and other sectors.
US signs 'fantastic trade deals' with China — American leader
Donald Trump did not elaborate on any details
British Gas customers to receive up to £112m in compensation over prepayment meters
Redress for force-fitting devices in homes of vulnerable includes £20m penalty, £22m support package and up to £70m of debt write-offsThousands of British Gas customers who had prepayment meters force-fitted in their homes will receive up to £112m in compensation and debt write-offs on their energy bills.Great Britain’s energy regulator found that British Gas forced prepayment meters on homes that were not keeping up with their bills at the height of the Russian gas crisis, in one of the most co...
Abu Dhabi utility giant TAQA ramps up spending despite lower Q1 revenue
Abu Dhabi: Abu Dhabi utility major TAQA reported a net profit of Dh2.1 billion for the first quarter of 2026, as the company accelerated investments in UAE power, water and transmission infrastructure despite lower revenues.Sign up for our daily business newsletter, Cheques & Balances.The company said revenues for the three months to March 31 fell to Dh13.7 billion from Dh14.1 billion a year earlier, mainly because of lower sales volumes in its oil and gas business. However, earnings before inte...
British Gas agrees £20m payout and compensation for prepayment meter failures
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India raises fuel prices as global energy crisis adds pressure on economy
New Delhi: India raised fuel prices by 3 rupees ($0.03) per liter Friday as the government moved to offset losses due to higher global oil prices.In New Delhi, gasoline prices rose to 97.77 rupees ($1.17) a liter, while diesel climbed to 90.67 rupees ($1.09) a liter.India imports about 90% of its oil and has been hit hard by rising energy prices and supply disruptions linked to the Iran war and the closure of the Strait of Hormuz. It had until now avoided raising retail fuel prices despite sharp...
British Gas to pay £20million compensation to thousands of customers after prepayment meter scandal
British Gas is set to pay a £20million settlement to thousands of customers impacted by the firm's prepayment scandal, Ofgem has confirmed.The nation's energy regulator has taken action the energy firm and demanded compensation is paid to customers who had a prepayment meter installed without permission.Ofgem's investigation looked into installation activity between February 2018 and February 2023.At the time customers claimed they had prepayment meters installed under warrant without adequate s...
India raises retail fuel prices for first time since Mideast war started
India’s state-run fuel retailers have raised petrol and diesel prices for the first time in four years by 3 Indian rupees ($0.03) per litre, or more than three per cent, according to dealers, to recoup some of the losses incurred due to higher global crude oil prices. India — the world’s third-biggest oil importer and consumer — is one of the last major economies to raise retail fuel prices following the disruption to shipping through the Strait of Hormuz by the war started by US-Israeli attacks...
British Gas pays £20m to settle probe into force-fitting of prepayment meters
British Gas pays £20m to settle probe into force-fitting of prepayment metersJust nowShareSaveAdd as preferred on GoogleGetty ImagesBritish Gas has agreed to pay £20m into a redress fund to settle an investigation by the regulator into the forced fitting of prepayment meters.Three years ago it emerged that debt agents working for British Gas had broken into the homes of vulnerable customers to fit prepayment energy meters.The regulator Ofgem said British Gas, which has apologised for the scandal...
Price prediction: Where are gold rates headed today & what should investors do?
Gold price prediction today: Gold prices are seeing a weak intra-day bias, says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities. He recommends a sell on rise strategy:
Trump-Xi Have Made 'Fantastic Trade Deals, Great For Both Countries'
President Donald Trump said he had made "fantastic trade deals" with China's Xi Jinping, as the pair met on Friday at final talks of a superpower summit that according to the US leader has also reaped a Chinese...
Hormuz crisis: India’s oil stock down 15% since US-Iran war - here’s what it means
Analysts believe that if supply disruptions persist for an extended period, refiners may eventually have to scale back refinery runs or reduce crude processing activity. They say this could partly explain Prime Minister Narendra Modi urging citizens to conserve fuel.