China is expected to lay off 1.8 million workers as part of its efforts to reduce overcapacity in its industrial sectors. Officials from human resources and social security say the job losses will come from the coal and steel industries. China is aiming to remove 500 million tonnes of coal production in the next three to five years. Authorities haven’t yet given a time frame for the work losses to be implemented.
ADNOC Drilling awarded AED6.24bn contract to unlock UAE’s unconventional energy resources
ADNOC Drilling Company has been awarded a AED6.24 billion contract by ADNOC to provide drilling and associated services for the recovery of unconventional energy resources.
EHRDC offer 50 private-sector job opportunities for Emiratis
A total of 50 private sector job opportunities have been announced for Emiratis during a highly successful Career Open Day held at the Al Khawaneej Majles.
Tokyo startup to develop reusable rocket
Tokyo-based startup Innovative Space Carrier Inc. will develop a reusable satellite launch rocket in partnership with a US rocket engine maker, aiming for commercial use by around 2030.
OpenAI strikes deal to bring Reddit content to ChatGPT
Reddit has partnered with OpenAI to bring its content to popular chatbot ChatGPT sending the social media platform's shares up 12 per cent in extended trade.
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