Worldwide

GenAI: Welcome to the era of misinformation and smarter scams

90% of internet content to be AI-generated in a few years

Meta’s Threads: Time spent on app plummeting

Daily logins hit a dead end just a month after release

WeWork in cost cutting mode to avoid bankruptcy

Company’s share price closed at $0.18, down 98 percent in under 2 years

AI tech search query surges 500% in last 12 months

Propelled by success of ChatGPT and Bard

Mobile dominance could drive global gaming market towards $212 bn by 2026

Revenue surge predicted to reach $7.2 bn in the Middle East

Oil prices ease back from recent highs on increased U.S. inventory, economic concerns

Brent Crude slipped slightly from recent highs, settles at $87.59 per barrel

U.S. banks: The issue is far from resolved

Losses stemming from the most significant non-performing loans in three years

Will emerging COVID strain, Eris, reignite pandemic?

Numbers show that Eris accounts for 14.6 percent of COVID cases

World proven crude oil reserves soar by 17 bn barrels, reaching 1.564 bn

Saudi renews support for OPEC+ precautionary measures

Moody’s, Italy shake up banks… and fear of new disruptions

The agency lowered the rating of 11 American banks and placed major banks under review

BRICS summit 2023: Dates, location, discussions and attendees

No immediate plans for BRICS common currency?

Gamer Pakistan IPO coincides with Esports rage and UAE interest

Market boost can bring more attention to burgeoning industry,

Expected U.S. and Chinese inflation data weigh on market performance

Will U.S. inflation figures regain their upward pace?

New hope against malaria as breakthrough bacteria discovered

Naturally occurring bacteria can greatly reduce malaria parasite in mosquitoes

Bank of England raises interest rates by 25 basis points

This marks the highest level since early 2008

OPEC+ meeting on Friday, no changes in production

USA on the verge of experiencing its largest decline in oil inventories

Fitch downgrades the U.S. credit rating to AA+

White House strongly disagrees with this decision

Activities that can prevent the onset of dementia

In the MENA region, the number is expected to grow 367 percent, from 3 million to nearly 14 million

Gartner forecasts worldwide IT spending to grow 4.3% in 2023

Generative AI not yet significantly impacting IT spending levels

The World Wide Web as we know it is morphing to Web 3.0

The Internet Archive is keeping a memory of main websites alive

Global food supply disruptions, scarcity, cause for alarm

A closer look at recent disruptions in the global food supply