Microsoft to add more fizz to Coca-Cola with 5-year pact

San Francisco: The Coca-Cola Company on Monday announced a five-year agreement with Microsoft for an undisclosed sum to utilise the capabilities of Microsoft Azure, Dynamics 365 and Microsoft 365. The solutions will help Coca-Cola gain new insights from data across the enterprise, enabling a 360-degree view of the business, and providing enhanced customer and employee […]

India mulls guarantee of $39b in small business loans

New Delhi: India is considering a proposal to guarantee as much as Rs3 trillion ($39 billion, Dh145.1 billion) of loans to small businesses as part of a plan to restart Asia’s third-largest economy, which is reeling under the impact of a 40-day lockdown, people with knowledge of the matter said. Under the proposal, small firms […]

Companies bet on AI cameras to track social distancing, limit liability

Oakland, California: Stores and workplaces eager to avoid spreading the novel coronavirus are equipping existing security cameras with artificial intelligence software that can track compliance with health guidelines including social distancing and mask-wearing. Several companies told Reuters the software will be crucial to staying open as concerns about COVID-19, the respiratory illness caused by the […]

COVID-19: $1 trillion debt pardon needed for developing economies, UN Says

Developing countries need about $1 trillion in debt canceled to free up funds to fight the coronavirus pandemic and avert a massive debt crisis, the United Nations said. Immediate payment waivers coupled with a debt overhaul will help countries stay solvent in the face of as much as $3.4 trillion in obligations due this year […]

Life after COVID: Dubai Future Foundation charts plans for entrepreneurs

Dubai: Empowering startups and entrepreneurs and promoting digital economic activities are critical for the future of a sustainable economy at both national and global levels, the Dubai Future Foundation said in its 5th report on the future of entrepreneurship and innovation launched jointly with the Dubai Future Council for Entrepreneurship and Innovation Ecosystem. The report, […]

Oil prices to remain under pressure amid supply gut

Abu Dhabi: Oil markets on Friday closed with yet another weekly loss, with Brent on $21.44 and West Texas Intermediate (WTI) at $16.94. The American benchmark saw its prices fall into negative territory last week for the first time in its history, highlighting the oil market’s current predicament. “Prices could again test sub-zero levels if […]