UAE Non-Oil Business Activity Surges to Nine-Month High in December

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 The United Arab Emirates' non-oil private sector recorded its fastest expansion in nine months in December 2024, buoyed by strong domestic demand and increased business activity, according to the latest S&P Global Purchasing Managers’ Index (PMI) report. PMI Highlights Robust Growth The seasonally adjusted UAE PMI climbed to 55.4 in December from 54.2 in November, signaling robust growth well above the 50.0 threshold that separates expansion from contraction. This marked the third consecutive monthly increase, underscoring sustained recovery in the non-oil sector. Key drivers of growth included a notable rise in new business activity. The new orders subindex rose sharply to 59.3 in December from 58.0 in the previous month, reflecting strong domestic demand. Challenges Amid the Growth While domestic demand flourished, export growth slowed, with the export orders subindex dropping to a seven-month low. Additionally, businesses faced mounting backlogs due to capacity constraints,...
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Elon Musk says SpaceX's Starlink internet is active on all 7 continents

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Billionaire Elon Musk has announced that satellite internet service, Starlink, operated by SpaceX, is now available on all seven continents, including Antarctica.

The Starlink network is primarily designed for people in rural areas that don't have access to ground-based telecommunication infrastructure. Last week, in a significant move of installing terminals at the most extreme locations in the world, Musk's SpaceX tested one of its Starlink internet terminals at McMurdo Station in Antarctica. Starlink already provides satellite internet access coverage to 40 countries.

On Monday, the world’s richest man, on Twitter, officially announced, "Starlink is now active on all continents, including Antarctica." Earlier, he also said that Starlink will only be used for peaceful use.

As per SpaceX's website, SpaceX started launching Starlink satellites in 2019. The satellite internet service also aims for global mobile phone service after 2023. The website further said, "With high speeds and latency as low as 20 ms in most locations, Starlink enables video calls, online gaming, streaming, and other high data rate activities that historically have not been possible with satellite internet.”

According to the outlet, in 2023, SpaceX also plans to begin launching Starlink Version 2 satellites. Starlink is also designed to deliver high-speed broadband internet to locations.

The world’s richest man is always in the limelight for various reasons. Recently, he has been in the limelight because of the recent Twitter-Elon deal case.

In April this year, Musk announced the deal to buy Twitter for $44 billion. Later on, he discontinued the deal, arguing about Twitter’s spam accounts. Musk said he terminated the $44 billion Twitter takeover deal because of scepticism over Twitter's spam accounts and bot percentage. He claimed that Twitter’s method of estimating spam bots and accounts was flawed.

Twitter sued Musk and asked him to buy the social media platform at the agreed price. Musk also filed a countersuit against Twitter.

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