L’Oreal’s Asian sales overtake Europe

Paris: L’Oreal SA got more revenue from Asia than from western Europe for the first time last quarter as the region’s surging demand for luxury products continued to resist the drag of a slower Chinese economy. The shift for the maker of products like Maybelline mascara and Acqua di Gio Armani cologne is the latest […]

Alexa audio recordings not invasion of privacy: Amazon CTO

Dubai Amazon’s chief technology officer has defended the company’s collection of audio recordings taken from people’s interactions with voice assistant Alexa, calling them a vital part of machine learning. The Amazon Echo is a smart speaker that is equipped with Alexa, a virtual assistant than responds to vocal requests. She can be commanded to provide […]

UAE’s Brooge Petroleum to list on Nasdaq after merger

DUBAI: The United Arab Emirates’ Brooge Petroleum and Gas Investment Co (BPGIC) said it would list on the Nasdaq stock exchange after merging with US-based firm Twelve Seas Investment Co. The $1 billion (Dh3.67 billion) deal is expected to be finalised before July 1, Brooge said in a statement. The move is part of the […]