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Abu Dhabi Registration and Licensing Authority (ADRA) has reported growth in key indicators related to consumer and commercial protection during 2024. The percentage of consumer complaints against economic establishments that were resolved amicably rose to 90 percent of the total in 2024, up from 83.4 percent in 2023. This increase, Abu Dhabi Media Office reported, reflects the effectiveness of ADRA‘s efforts to enhance consumer rights and support the vitality of the business sector. The estimated total value of goods and services related to these complaints was AED26.3 million.In addition to addressing and resolving consumer complaints, ADRA conducted field visits to…

Passengers can securely pay using bank cards, digital wallets, and wearables like smartwatches Ajman Transport Authority (ATA) has introduced an open and contactless payment system for public buses, marking it as the first entity in the UAE to adopt this cutting-edge technology.This new system, WAM reported, enables passengers to make secure payments using bank cards, digital wallets like Apple Pay and Google Pay, and wearable devices such as smartwatches.Smart payment devices have been installed throughout the entire public bus fleet, with the service currently active on internal routes and plans to expand to external routes in the near future.Furthermore, the…

In a major development on the digital payment front, Google Wallet is now available in Pakistan, allowing users to make online, in-app, and contactless payments via mobile devices. The app provides people safer, simpler, and more helpful payment experience and supports digital items such as loyalty cards and boarding passes, read a statement. Google Wallet is a digital wallet app developed by Google that allows users to store and manage their payment cards, loyalty cards, transit passes, and other digital items securely on their smartphones. It enables contactless payments using NFC (Near Field Communication) technology. “Pakistan’s digital payments landscape is…

China’s so-called “DeepSeek moment” is likely to be good news in the global race to develop artificial intelligence models that can carry out more complex tasks, according to Jean-Pascal Tricoire, chairman of French power-equipment maker Schneider Electric.”I actually think its good news. We need AI at every level,” Tricoire told CNBC’s Steve Sedgwick at CONVERGE LIVE in Singapore on Wednesday.”We need AI to optimize your whole enterprise at all levels, so that you can buy better, consume better, decide better, source better. To do all of this, we need models to operate on a smaller scale,” he added.Tricoire said the…

This growth reflects the ministry’s digital and AI integration, enhancing services and customer experienceThe UAE Ministry of Human Resources and Emiratisation (MoHRE) announced that it has completed over 34 million smart transactions during 2024, marking a remarkable 59 percent increase compared to the previous year, which recorded more than 20 million transactions.This growth showcases the ministry’s effective embrace of digital solutions and the integration of AI technologies, promoting its initiatives to reduce bureaucracy, enhance its service ecosystem, and elevate the overall customer experience.Strengthening national competitivenessAdditionally, it plays a significant role in the nation’s leadership and competitiveness within government services, solidifying…

President Xi Jinping’s high-profile meeting with technology business leaders last month significantly enhanced the confidence of Chinese companies, prompting Alibaba Group Holding to make substantial investments in artificial intelligence (AI), according to company chairman and co-founder Joe Tsai during a conference in Singapore.“I wouldn’t underestimate the importance of that event,” Tsai said on Wednesday at a gathering hosted by US broadcaster CNBC. “The message is very, very clear that the government is looking to private enterprises to come back and boost the economy.”Xi’s business symposium in February – which included Alibaba founder Jack Ma and other executives from major Chinese…

Experts estimate that a basic phishing attack involving ransomware can cost novice cybercriminals at least $20,000Moscow Exchange-listed cybersecurity firm Positive Technologies has released a comprehensive study on the dark web market, examining the pricing of illegal cybersecurity services and products, as well as the costs incurred by cybercriminals in executing attacks.Among the most expensive forms of malware is ransomware, with a median cost of $7,500. Zero-day exploits are highly sought after, often fetching millions of dollars, the report said.Despite the steep costs, the profit from a successful cyberattack can be as much as five times the initial investment required to…

U.S. Treasury yields inched lower on Wednesday as investors keenly awaited the consumer inflation reading and monitored the latest tariff news.At 4:40 a.m. ET, the benchmark 10-year Treasury yield was over one basis point lower to 4.275%. The 2-year Treasury yield fell less than a basis point to 3.936%, after after falling to its lowest level since October on Tuesday morning.One basis point is equal to 0.01% and yields and prices move in opposite directions.Investors are looking ahead to the consumer price index report which the Bureau of Labor Statistics will publish at 7:30 a.m. ET. It will be used as a key gauge for…

Digital wallet app Google Wallet became available in Pakistan on Wednesday, according to a statement issued by the tech giant. According to the statement, Google Wallet provides people a safer, simpler, and more helpful payment experience. It also supports digital items such as loyalty cards and boarding passes. Users can get started by downloading the application through the Google Play Store. “Pakistan’s digital payments landscape is evolving rapidly, and with more people embracing digital transactions, Google Wallet provides a secure, seamless, and efficient way to make payments, shop, and travel,” said Farhan Qureshi, Country Director for Google Pakistan. “It will…

Workers of German steel manufacturer Salzgitter AG stand in front of a furnace at a plant in Salzgitter, Germany, March 1, 2018.Fabian Bimmer | ReutersThe European Union has reacted swiftly to U.S. President Donald Trump’s 25% tariffs on steel and aluminum imports that came into effect Wednesday, retaliating with their own punitive counter-measures that it said were needed to protect consumers and businesses.The White House confirmed the duties — which will affect Canada, Australia, the EU and others — late Tuesday, but said that Trump no longer planned to raise tariffs on the metals from Canada to 50%.The EU responded…