Economy

Meta to axe nearly 500 Irish jobs
Meta, which owns Facebook and Instagram, is planning to axe nearly 490 jobs from its Irish operation. These redundancies will affect about 18% of the full-time Meta employees in Ireland at Facebook, Instagram and WhatsApp. The company employs thousands of Read More

AIIB says will invest in emergency relief
The Asian Infrastructure Investment Bank (AIIB) is to invest in its member countries an emergency relief fund for those who are being hit by natural disasters and climate change. China might use the AIIB to compete directly with the World Read More

Qatar Economic Forum kicks off
The third annual Qatar Economic Forum, powered by Bloomberg, began in Doha on May 23, With the theme ‘A New Global Growth Story’ the two-day May23-25, 2023 Forum is being held under the patronage of Amir H H Sheikh Tamim Read More

BKK Int’l Food Fest from May 26-30
The Tourism Authority of Thailand (TAT) is hosting the ‘Bangkok International Food Festival 2023’ with an aim to offer experience-based tourism and leverage ‘Food’ – one of the kingdom’s 5F soft-power foundations to elevate Thailand’s status as a world-class gastronomy Read More

New narratives in tourism
A special Thematic Session at the 118th session of the UNWTO Executive Council in Punta Cana assess the evolution of tourism communications for more effectively portraying tourism as an essential driver of development. With tourism high on the political agenda Read More

UNWTO Executive Council meets in Punta Cana
With global tourism on track to reach pre-pandemic levels by the end of the year, the United Nations World Tourism Organization (UNWTO) convened its Executive Council to advance plans to place education, investments, and sustainability at the center of the Read More

US-Moldova ink air deal
The United States of America and the Republic of Moldova signed an Open Skies Air Transport Agreement. The first bilateral air transport agreement negotiated by the two countries was inked on May 18 in Chisinau by the U.S. Deputy Secretary Read More

C4IR Malaysia to accelerate green transition, digital transformation
The Centre for the Fourth Industrial Revolution Malaysia (C4IR Malaysia) was officially launched today by the Prime Minister of Malaysia, Anwar Ibrahim, and the President of the World Economic Forum, Børge Brende. C4IR Malaysia will play a crucial role in Read More

Tourism backs to track: UNWTO
International tourism is well on its way to returning to pre-pandemic levels, with twice as many people travelling during the first quarter of 2023 than in the same period of 2022. The second UNWTO World Tourism Barometer of the year Read More

Growth Summit 2023 gives knowledge to leaders for job creation and reskilling
At a time of heightened economic uncertainty, the Growth Summit brought together more than 400 leaders in Geneva, Switzerland, to deepen understanding of the new context for growth and to chart a future of growth that is resilient, sustainable and Read More