Business

Emirates Air posts $5.5B loss as virus disrupts travel

The Middle East's largest airline, Emirates, announced on Tuesday a net loss of $5.5 billion over the past year as revenue fell by more than 66% due to global travel restrictions sparked by the coronavirus pandemic.

Business

Streaming drives 7.4% global music growth in 2020

The global recorded music business grew by 7.4 percent last year, an industry body said Tuesday, as streaming continued to drive a fast-paced recovery from the doldrums of the piracy era.

Energy & Green Tech

Electrifying growth of renewables despite pandemic

The coronavirus pandemic may have dealt a blow to energy demand but growth of renewables in the electric power sector has continued at a record pace, an IEA report said Tuesday.

Business

Emirates airline to cut up to 9,000 jobs: report

Emirates airline has cut a tenth of its workforce during the novel coronavirus pandemic in layoffs that could rise to 15 percent, or 9,000 jobs, its president said, according to a report on Saturday.

Energy & Green Tech

Virus sparks record drop in energy investment: IEA

The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said on Wednesday, and while renewables are likely to fare better than oil, any swift economic recovery could create ...

Business

China becomes world's top patent filer: UN

China last year became the world leader in international patent filings, unseating the United States which had held the top spot for more than four decades, the UN said Tuesday.

Machine learning & AI

AI can now read emotions—but should it?

In its annual report, the AI Now Institute, an interdisciplinary research center studying the societal implications of artificial intelligence, called for a ban on technology designed to recognize people's emotions in certain ...

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