BUSINESS | Google Seals Content Payment Deal With French News Publishers

PARIS - - Google and a French publishers’ lobby said on Thursday they had agreed to a copyright framework for the U.S. tech giant to pay news publishers for content online, in a first for Europe.The move paves the way for individual licensing agreements for French publications, some of which have seen revenues drop with … Continue reading BUSINESS | Google Seals Content Payment Deal With French News Publishers

Business News | BioNTech Investors, Amid Worry Over Shortage, Vows Vaccines To Be Delivered For Second Shot

MILAN – European countries should use all available vaccine doses provided by biotech firm BioNTech and its partner Pfizer because there will be enough for the requisite second booster shot due to a planned production ramp – up, BioNTech’s largest investor said. Some countries were believed to be withholding some vaccines for fear of shortage … Continue reading Business News | BioNTech Investors, Amid Worry Over Shortage, Vows Vaccines To Be Delivered For Second Shot

BREAKING NEWS | Saudi Arabia’s Crown Prince Reveals Project ‘The Line’ In Futuristic City Of NEOM

RIYADH - - Saudi Arabia's Crown Prince Mohammed bin Salman and Chairman of the Board of Directors of NEOM, announce the launch of 'THE LINE' in the city of NEOM, which is a model for what urban societies can be like in the future, and a scheme that ensure a balance to live with nature. … Continue reading BREAKING NEWS | Saudi Arabia’s Crown Prince Reveals Project ‘The Line’ In Futuristic City Of NEOM

SOCIAL MEDIA | Facebook Drops ‘Likes’ Button From Public Pages

MILAN - - Facebook Inc has dropped the 'likes' button from its redesigned public pages used by artists, public figures and brands, the social media company said on Wednesday. Facebook Pages will only show followers and have a dedicated News Feed where users can join conversations, interact with peers and engage with fans, the company … Continue reading SOCIAL MEDIA | Facebook Drops ‘Likes’ Button From Public Pages

BUSINESS | Arab Monetary Fund Adds Saudi Riyal As Settlement Currency in ‘Buna’

RIYADH - - The Saudi Central Bank and the Arab Monetary Fund (AMF) announced on Thursday the inclusion of the Saudi Riyal as a settlement currency in Buna, the regional cross-border payment system owned by AMF. The National Commercial Bank (NCB) has assigned as a settlement bank for the Saudi currency. NCB has been awarded … Continue reading BUSINESS | Arab Monetary Fund Adds Saudi Riyal As Settlement Currency in ‘Buna’

SOCIAL MEDIA | Twitter Planning To Create Label For Automated ‘Bot’ Accounts

MILAN - - Twitter Inc. is planning to create a new type of account for bots next year that will identify them as automated, the company said in a blog post on Thursday finalizing plans for a reboot of its long - paused verification program. The company said bot accounts 'can bring a lot of … Continue reading SOCIAL MEDIA | Twitter Planning To Create Label For Automated ‘Bot’ Accounts

ECONOMY | Saudi November Inflation At 5.8 Y/Y On Higher Food Prices

RIYADH - - Saudi Arabia’s consumer price index increased by 5.8% in November compared with the same month last year, official data showed on Tuesday, while remaining the same as October’s rate. The world’s largest oil exporter is facing a steep economic contraction this year amid low oil price, while coronavirus – induces restrictions curbed … Continue reading ECONOMY | Saudi November Inflation At 5.8 Y/Y On Higher Food Prices

BUSINESS | McLaren Optimistic On Prospects For Automotive, Says Walsh

The McLaren Group is optimistic about the prospects for its luxury sportscar maker after the COVID-19 pandemic dealt a big hit to revenues this year, executive chairman Paul Walsh said on Sunday. McLaren's third - quarter results published in November group revenues up 60% on the previous quarter but down 61% on the corresponding period … Continue reading BUSINESS | McLaren Optimistic On Prospects For Automotive, Says Walsh

SPORTS | U.S. – Based MSP Sports Capital Buys Into McLaren F1

MILAN - - U.S. - based investment group MSP Sports Capital is taking a significant minority stake in McLaren Racing in a deal the Formula One team said would give them the tools to return to the top of the sports. The long - term investment, announced on Sunday, is for an initial 15% holding … Continue reading SPORTS | U.S. – Based MSP Sports Capital Buys Into McLaren F1

SOCIAL MEDIA | Twitter, Tumbler, Vimeo Push Back Against EU Rules On Illegal Online Content

BELGRADE - JUNE 13, 2014 Social media website logos Facebook, Twitter and other printed on paper Twitter and three other U.S. tech companies have urged the EU to take a flexible approach towards harmful and illegal online content instead of blanket rules requiring takedown, saying this would preserve an open internet. U.S. internet media group … Continue reading SOCIAL MEDIA | Twitter, Tumbler, Vimeo Push Back Against EU Rules On Illegal Online Content