Business
Japan’s economy expanded for a second straight quarter as Q1 GDP rose 2.1 percent annualized, supported by exports and domestic demand.
China retail sales rose just 0.2 percent in April as industrial output and fixed asset investment also weakened across key indicators.
GME recorded its strongest trading week in two decades, with Oman crude futures exceeding 69,052 contracts traded.
China reported 5.6 percent industrial output growth through April, led by manufacturing, equipment production and high tech sectors.
Dubai Customs’ Green Corridor kept diverted cargo moving through Hatta as April declarations neared 100,000 and trade value topped AED8 billion.
South Korean companies posted Q1 operating profit above 156 trillion won as Samsung Electronics and SK hynix drove semiconductor gains.
Technology
South Korea’s US$665.5 million Industrial Growth Fund expands financing for manufacturing AI, R&D commercialization and regional industry growth.
Space42 says local assembly and testing of Foresight satellites in Abu Dhabi show the UAE is building stronger space manufacturing capability.
China launched a Long March-8 rocket from Hainan, sending 18 internet satellites into orbit for the seventh Qianfan networking mission.
Jensen Huang says companies will favor workers who use AI well, as Nvidia pushes a broader message that AI fluency is becoming a workplace advantage.
