VW faces ultimatum as 2025 strikes loom
AgenciesVolkswagen employees warned on Monday that management has one final opportunity to reach a compromise or face unprecedented strikes next year as negotiations commence in a tense dispute over wage reductions and plant shutdowns.VW staff downed tools at nine German sites while thousands marched with flags and
Google shows off new quantum chip ‘Willow,’ touts breakthrough
AgenciesTech giant Google unveiled on Monday its new state-of-the-art quantum computing chip which it said was a major breakthrough and could bring practical quantum computing closer to reality.A custom chip called Willow does in minutes what it would take leading supercomputers 10 septillion years to co
US clean energy, defense to be impacted by China export curbs
AgenciesChinas retaliatory export controls could take a toll on the growing US clean energy sector and its defense industry analysts say as a trade tussle escalates between the worlds two biggest economies. Beijing announced this week it would ban exports of gallium germanium and antimony to the United State
GTA workshop spotlights global minimum tax rule for large firms
QNADOHAThe General Tax Authority (GTA) on Tuesday organised a workshop to shed light on the mechanisms for implementing Pillar Two of the global minimum tax for multinational corporations. Representatives from about 40 global companies and institutions operating in Qatar attended the event which is part of the Authoritys efforts to enhance tra
Starbucks Japan ditches paper straws
AgenciesRoughly five years ago Starbucks Japan switched from plastic straws to paper ones in an effort to be more environmentally friendly. But while this change was made in order to make Mother Nature happy customers have had more mixed feelings.The common and consistent complaints have been that paper straws are flimsy and have a noticeably unpleasant taste wi
US Fed officials warn of ongoing risks from elevated inflation
AgenciesThe United States continues to face risks from underlying inflation despite recent progress in stabilizing prices two senior Federal Reserve officials said Friday with one indicating support for just one interest rate cut over the next two rate decisions. The Federal Reserve has a dual mandate from Congress to keep both inflation and unemployment under con
MoF, QDB lead Industry 4.0 push with digital transformation initiatives
Tribune News NetworkDohaIn a significant step towards enhancing Qatars digital economy and industrial capabilities the Ministry of Finance in collaboration with Qatar Development Bank (QDB) hosted the event Towards Digital Transformation & Industry 4.0 at Msheireb Downtown Doha.The event aimed to explore global developments foster promising
Europe’s economy seeks support amid political turmoil in France and Germany
AgenciesEven before the French and German governments collapsed Europes economy had enough difficulties. Tepid growth and lagging competitiveness versus the U.S. and China. An auto industry thats struggling. Where to find billions for defense against Russia? And now Donald Trump threatening tariffs.Solutions will be harder to find while the two countries that
Payroll gains highlight resilience amid rising jobless rate
AgenciesThe US manufacturing PMI rose to 48.4 in November up from 46.5 in October marking a five-month high but still indicating contraction. Notably new orders exceeded 50 for the first time in eight months signaling a potential rebound in demand. However the sector remains under pressure from weak backlogs and ongoing supply chain issues despite lower input costs.
BYD on course to top 2024 sales target of 4M, outpace Ford, Honda
AgenciesChinas top electric vehicle producer BYD gained market share as the worlds largest auto market recorded its fastest-growing month in 2024 setting the company up to surpass its global annual sales goal of 4 million units and overtake sector giants Ford and Honda.BYD has been on an extraordinary expansion this year growing capacity and undertaking a
Logistics sector key to Qatar’s green economic transformation
Tribune News NetworkDohaAs Qatar continues its drive for a sustainable and diversified economy the logistics and transportation sector must actively contribute to this transformation Sheikh Abdulla bin Fahad bin Jassim bin Jaber Al Thani GWC Group Managing Director has said.He was addressing the third Qatar Supply Chain Management Conference (SCMC)
Doha Bank launches Visa commercial pay
Tribune News NetworkDohaDoha Bank is set to be the first bank in the market to officially launch VISA Commercial Pay (VCP) and the first Bank in the CEMEA region to introduce the VCP-Mobile Module in collaboration with VISA for its Corporate Credit Card clients. This initiative aligns with the Qatari Governments vision of digitalising payments enha
Qatari economy grows 0.8% in 2nd quarter 2024
QNadohaThe Qatari economy recorded a real growth rate (at constant prices) of 0.8 percent during the second quarter of 2024 compared to the estimates for the second quarter of 2023.Data from the National Statistics Center at the National Planning Council (NPC) released Monday showed that the GDP estimates for the second quarter of 2024 at constant pr
QNB launches exclusive National Day promotion on loans
Tribune News NetworkDohaIn celebration of Qatar National Day QNB announced the launching of a limited-time special interest rate offer providing its retail customers a unique experience which combines banking convenience with national pride from 10th to 31st December 2024.Successful applicants for new personal or vehicle loans whether new and exist
Qatar Tribune was launched on the 35th Independence Day of Qatar, under the parentcompany QIM Group, which has a history in the publishing, printing & distribution field.
Satyendra PathakDohaPrime Minister and Minister of Foreign Affairs HE Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani on Tuesday inaugurated the Arabic Artificial Intelligence Large Language Model (LLM) Fanar.The inauguration took place during the ope
QNADohaLekhwiya launched its Strategic Plan 2024-2030 In the presence of Minister of Interior and Commander of the Internal Security Force (Lekhwiya) HE Sheikh Khalifa bin Hamad bin Khalifa Al Thani on Tuesday.The launch ceremony was attended by a number
Tribune News NetworkDohaThe FIFA Intercontinental Cup Qatar 2024 is set to get underway in Qatar. Four continental club champions will compete for a world title on 11 14 and 18 December. A new format for the tournament will see three trophies handed out making each
Tribune News NetworkDoha Gulf Warehousing Company (GWC) a leading logistics provider in the MENA region has announced the approval of a Sharia-compliant Sukuk program worth QR2 billion during its extraordinary general meeting (EGM). This initiative aims to diversify