US seeks to blacklist Chinese artificial intelligence firms

San Francisco: The United States is blacklisting a group of Chinese tech companies that develop facial recognition and other artificial intelligence technology that the US says is being used to repress China’s Muslim minority groups. A move Monday by the US Commerce Department puts the companies on a so-called Entity List for acting contrary to […]

Dubai’s economic growth gathers steam in September

Dubai: Dubai Purchasing Managers’ Index (PMI), an indicator of the performance of non-oil private sector economy rose for the first time in four months during September, posting at 52.6 compared with a reading of 51.7 in August. The Dubai PMI complied by IHS Markit is derived from individual diffusion indices which measure changes in output, […]

Slower growth stalks 90% of world

Washington (Bloomberg): Kristalina Georgieva, in her first major address as head of the International Monetary Fund, painted a downbeat picture of the world economy and said a more severe slowdown could require governments to coordinate fiscal-stimulus measures. In a speech that sets the tone for next week’s annual meeting of the IMF, Georgieva said the […]