Author: Ajay Rajguru

MENA Newswire News Desk: Apple has announced the rollout of its highly anticipated Apple Intelligence system, designed to revolutionize personal productivity by integrating advanced generative models with personal context. Starting next month, users will gain access to Apple Intelligence on iPhone, iPad, and Mac through iOS 18.1, iPadOS 18.1, and macOS Sequoia 15.1. The system, which blends privacy-focused machine learning with intuitive tools, is initially launching in the U.S., with additional support for localized English versions in Australia, the U.K., and other regions later this year. Apple Intelligence introduces groundbreaking features, including writing tools, improved photo editing capabilities, and enhanced Siri interactions. With…

MENA Newswire News Desk: London, UK – September 8, 2024 – A global survey conducted by JournalismAI between April and July 2023 has found that 75% of newsrooms worldwide are now utilizing AI across various operational areas, including news gathering, production, and distribution. The survey, which involved 105 media organizations from 46 countries, underscores the increasing use of AI in journalism, while also highlighting significant ethical concerns around bias, transparency, and editorial independence. Image used for illustration purposes only. Led by Professor Charlie Beckett and co-authored by Mira Yaseen, the survey explores how AI is reshaping newsrooms in regions such as Sub-Saharan Africa, the…

MENA Newswire News Desk: Seven & i Holdings, the parent company of 7-Eleven, has rejected a $38.6 billion acquisition offer from Canadian convenience store operator Alimentation Couche-Tard. The Tokyo-based company stated that the proposal “grossly undervalues” the business and does not reflect its growth potential or future shareholder value. In a filing with the Tokyo Stock Exchange, Seven & i revealed that Couche-Tard’s offer stood at $14.86 per share, which would value the company at approximately $38.55 billion. Despite the high value, Seven & i’s special committee, led by Chairman Stephen Dacus, dismissed the proposal as opportunistic and poorly timed, noting that it does not…

Job openings in the U.S. dropped to their lowest level since January 2021, adding to signs of a slowing labor market. The Bureau of Labor Statistics reported 7.67 million open positions at the end of July, down from 7.91 million in June. The July figure fell short of economists’ expectations, who had predicted 8.1 million job openings for the month. June’s initial figure was also revised downward from 8.18 million. The Job Openings and Labor Turnover Survey (JOLTS) report revealed other key labor indicators. The hiring rate rose slightly to 3.5%, while the number of hires increased to 5.5 million. Additionally, the quits rate,…

China has issued a stern warning to Japan, threatening significant economic retaliation if Tokyo proceeds with additional restrictions on the sale and servicing of chipmaking equipment to Chinese firms. The move complicates ongoing US-led efforts to curb China’s access to advanced semiconductor technology. Japanese officials have been briefed on the potential consequences by senior Chinese representatives in recent meetings, according to sources familiar with the discussions. A key concern within Japan is the potential impact on Toyota Motor Corp., which has expressed fears that Beijing could respond to new semiconductor restrictions by cutting off Japan’s access to critical minerals essential for…

With a 27-year background leading global practices delivering business and IT transformation leveraging the world’s leading applications platforms, Abe Iruegas brings a wealth of experience to K2 Partnering Solutions. His leadership will drive customer-focused excellence and growth across the business worldwide. MIAMI, FL / ACCESSWIRE / September 3, 2024 / K2 Partnering Solutions, a leading worldwide provider of consultative technology services and solutions in the enterprise applications, AI, and cloud space, has today announced the appointment of Abe Iruegas as Chief Revenue Officer. Mr. Iruegas brings a wealth of experience from his distinguished 27-year career, most recently as Global SAP…

China has issued a stern warning to Japan, threatening significant economic retaliation if Tokyo proceeds with additional restrictions on the sale and servicing of chipmaking equipment to Chinese firms. The move complicates ongoing US-led efforts to curb China’s access to advanced semiconductor technology. Japanese officials have been briefed on the potential consequences by senior Chinese representatives in recent meetings, according to sources familiar with the discussions. A key concern within Japan is the potential impact on Toyota Motor Corp., which has expressed fears that Beijing could respond to new semiconductor restrictions by cutting off Japan’s access to critical minerals essential for…

The S&P 500 rebounded in August after a rocky start, ending the month with a 2.3% gain. This marked a reversal from the early August slump, where the index dropped by 6.1% in the first three trading sessions. Despite the volatility, 71% of stocks in the S&P 500 posted gains for the month, with 52 of them rising by double digits. Kellanova led the charge after accepting an $83.50 per share buyout offer from Mars, pushing its stock up 38.6% for the year. Starbucks was another standout, with its shares surging 21.3% in August, largely due to the announcement of Brian Nicol as the new CEO. Nicol,…

China’s economic foundations are under intense strain as key sectors struggle to maintain momentum. Factory activity contracted for a fourth consecutive month in August, signaling deepening deflationary pressures. The National Bureau of Statistics (NBS) reported that the official manufacturing purchasing managers’ index (PMI) fell to 49.1 from 49.4 in July, marking a continued slump that has persisted for most of 2023. The ongoing downturn in the property market is exacerbating the economic challenges. Residential sales figures reveal a worsening slump, with the value of new-home sales by the top 100 real estate companies plummeting by 26.8% year-over-year in August. This decline, coupled…

India is set to unveil its largest deep-water port, Vadhvan, in Maharashtra on Friday, with Prime Minister Narendra Modi slated to lay the foundation stone, according to a report by Asian News International (ANI). The port, located in Palghar, is expected to significantly enhance India’s maritime capabilities and bolster its position in global trade. This development is part of a broader strategy under PM Modi’s leadership, which has propelled India to the forefront of the global economy. Under his administration, India has emerged as a superpower and one of the top five economies in the world. The country’s growth trajectory, which had been…