Kuwait has launched a new 15-year residency program for eligible foreign investors, business owners, and senior executives to attract global capital and talent. The initiative aims to boost FDI, create jobs, and diversify the economy away from oil, aligning with regional trends like the UAE's Golden Visa.
City & Guilds former CEO Kirstie Donnelly and finance chief Abid Ismail allegedly awarded themselves nearly £3m in unauthorized bonuses following the £166m sale of the vocational charity. An internal investigation found the payments breached duties and caused reputational harm, with PeopleCert seeking recovery of the funds and making referrals to authorities.
Huawei is considering deploying its new Ascend AI chips in its cloud and AI services across Latin America, according to Mark Chen, president of Huawei Cloud Latin America. This move could increase Chinese hardware presence in a region traditionally served by US suppliers.
TSMC CFO Wendell Huang acknowledged rising costs due to inflation but denied plans for sudden, drastic price hikes. He stated that any increases would reflect the company's technological leadership and manufacturing excellence. Huang also addressed the AI boom, denying it's a bubble, and explained global expansion is driven by customer demand, not geopolitical pressure.
Embraer expects to introduce its E2 jets to China, positioning them as a complement to domestically developed aircraft, with potential to connect cities and offering flexibility to airlines.
China Mobile International is planning a new route to connect Central Asian countries with Hong Kong's submarine network for more efficient data transmission. The company aims to leverage Hong Kong's infrastructure to bridge the gap for landlocked Central Asian nations.
Snowy Hydro executives received over $1 million in bonuses last year despite the Snowy 2.0 project's escalating costs. CEO Dennis Barnes earned $323,000 in bonus pay on top of his $1.69 million salary.
Matt Brittin, the new BBC Director General, has warned staff of "tough choices" and "sweeping cuts" as his first day coincided with a strike by journalists over increased workloads. Insiders see the strike as a sign of challenges Brittin faces in implementing budget cuts.
Manchester United's senior executives to recommend Michael Carrick as permanent manager to Sir Jim Ratcliffe, citing his successful caretaker stint securing Champions League qualification.
Microsoft is reorganizing its leadership following Rajesh Jha's retirement. Key divisions like Windows, Office, and Copilot are being reassigned to senior executives. This shake-up aims to align product groups with the company's AI and cloud focus. Several leaders will now report directly to CEO Satya Nadella as part of this significant internal shift.
A Swiss International Air Lines flight LX147 from Delhi to Zurich aborted take-off on April 26 after an engine fire at IGI Airport. All 241 people on board were evacuated safely, though four passengers were hospitalized and one crew member injured. A passenger praised the airline crew's professionalism during the emergency but alleged severe mismanagement on the ground, including lack of headcount, insufficient forms and pens, no megaphone for announcements, and poor passenger handling that took hours to resolve.
Anthropic is hiring a London-based Transaction Principal to secure data centre capacity across Europe, offering up to £270,000. The role will focus on key hubs including Frankfurt, London, Amsterdam, Paris, and Dublin, as well as emerging Nordic regions with lower energy costs. The San Francisco-headquartered AI company is extending its infrastructure buildout beyond the US, having committed over $100 billion to Amazon Web Services and expanded operations to Paris and Munich last November.
