Amazon’s founder and CEO has become the third-richest person in the world. The company’s earnings beat analysts’ expectations, and, according to Forbes magazine, Jeff Bezos has become the third richest person in the world. He owns 18% of Amazon’s shares and is estimated to be worth AED239 billion (USD65.3 billion). The 52-year-old came in behind number one Microsoft founder - Bill Gates, and Zara founder Amancio Ortega.
US holiday shoppers shake off economic blues for online spending spree
US consumers shrugged off worries about the economy after their Thanksgiving dinners and went on a $23.6 billion three-day online shopping frenzy that exceeded analyst expectations, kicking off the holiday season.
UAE, Kuwait sign MoU to expand space partnerships
The UAE and Kuwait have signed a Memorandum of Understanding (MoU) aimed at building a comprehensive framework for collaboration in space sciences, advanced research, and national capacity development.
Amazon and Google launch multicloud service for faster connectivity
Amazon and Google introduced a jointly developed multicloud networking service on Sunday to meet growing demand for reliable connectivity the companies said in a statement, at a time when even brief internet disruptions can cause major outages.
Airbus hit by new A320 quality problem after software recall
Airbus confirmed on Monday it faced an industrial quality issue with metal panels on some A320-family jets, in its latest challenge after a recall to fix a computer glitch.
Airbus says most of its recalled 6,000 A320 jets now modified
Airbus fleets were returning towards normal operations on Monday after the European planemaker pushed through abrupt software changes faster than expected, as it wrestled with safety headlines long focused on rival Boeing.
