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UAE Moments
4 hours ago
- UAE Moments
♍ Virgo: Daily Horoscope for July 12th, 2025
Dear Virgo, today's celestial dance invites you to embrace the beauty of order and detail. As you navigate your day, remember the spiritual advice: "In the tapestry of life, every thread has its purpose." Love Horoscope Today, Virgo, the celestial energies encourage you to open your heart and express your feelings more freely. While your natural tendency might be to analyze and critique, try to embrace the spontaneity of love. Whether you're in a relationship or single, let your guard down a bit and allow yourself to be vulnerable. Share a laugh, a story, or a dream with someone special. Remember, love isn't about perfection; it's about connection. So, let go of the need to control every detail and enjoy the beautiful chaos of human emotions. Career Horoscope At work, Virgo, your analytical skills are in high demand today. The Moon's opposition to Mercury suggests that communication may be a bit challenging, but your logical approach can help bridge any gaps. Take the time to listen actively and express your ideas clearly. Your attention to detail will be appreciated by colleagues and superiors alike. Remember, teamwork is key, so be open to collaboration and new ideas. Your ability to stay organized and focused will ensure that you navigate any challenges with grace and efficiency. Health Horoscope Your well-being today is closely tied to your ability to balance your meticulous nature with a bit of relaxation. The Moon's influence suggests that taking a break from your usual routine can do wonders for your mental health. Consider engaging in a creative activity that allows you to express yourself without judgment, like painting or dancing. Remember, Virgo, it's okay to let loose and have fun. Your mind and body will thank you for it, and you'll return to your tasks with renewed energy and clarity. Finance Horoscope Financially, Virgo, today is a day to focus on the details. The planetary alignments suggest that you might uncover a small but significant opportunity to improve your financial situation. Whether it's reviewing your budget, finding a better deal, or spotting an investment opportunity, your keen eye for detail will serve you well. Trust in your ability to make sound financial decisions, but also be open to advice from trusted sources. Remember, small changes can lead to significant improvements over time.
The National
12 hours ago
- The National
Microsoft's president says UAE AI partnership will advance Middle East prosperity
Microsoft's recent AI investments and partnerships in the UAE have the potential to bolster economies throughout the Middle East, the company's president has said. Brad Smith, who also serves as vice chairman of the Redmond, Washington-based technology giant, also said that various US endeavours with the UAE can help to bring technology to other parts of the world. "I believe and hope it will be a beginning that, you know, will advance economic development and prosperity and societal good in the Middle East itself, in places like the UAE, and Saudi Arabia, and Qatar, and the like," he said on Wednesday during an interview with the Centre for Strategic and International Studies (CSIS) in Washington. Over the past decade, the UAE − the Arab world's second largest economy − has sought be a leader in the AI sector as it diversifies its economy away from oil. Microsoft has been helping to support the country's AI aspirations in recent years. The company made a $1.5 billion investment in UAE AI and cloud company G42 in 2024, and later announced that it would open its research-based AI for Good Lab in Abu Dhabi. Mr Smith's comments about Microsoft's projects and programmes in the UAE come several weeks after he told Congress that the US should try to emulate the UAE's AI strategy. He praised Abu Dhabi's Tamm government services AI assistant, which acts as a one-stop-shop for government services including transport, health care, housing and police services. "We need to bring it to America," he told a US Senate commerce, science and transport committee hearing, referring to the need for apps that simplify the process of renewing driver licences, obtaining various forms and other services. During his interview with CSIS, Mr Smith also spoke in greater detail about Microsoft's investment and partnership with UAE's G42. He said the "financial and technological" relationship between the two companies had the potential to pay altruistic dividends around the world. "How do you take AI, which requires electricity, and bring it to countries and to people that don't even have electricity?" he said. "One is a financial and technology partnership, like what we are advancing between the US and the UAE, Microsoft and G42, so that G42 can build out datacenter infrastructure in Africa." During the interview, Mr Smith also addressed the increasingly controversial topic of export controls. "The US has the opportunity to become the world's leading exporter of not just digital technology services, but AI services in the future," he said. Over the last year, Microsoft has been a vocal critic of US export control policies which seek to prevent US AI technology from potentially being used by countries it views as adversarial, like China. Caught in the middle, however, were countries like the UAE, which were disproportionately affected by certain rules that would have limited their ability to obtain the chips required to fulfil their AI goals. In February, Mr Smith said the export rules, created under former president Joe Biden, would cause ally countries to "worry that an insufficient supply of critical American AI technology will restrict their opportunities for economic growth". A recent deal between the UAE and US, called the US-UAE AI Acceleration Partnership, largely alleviated many of those concerns, providing the UAE with a path to obtain the powerful chips. President Donald Trump's administration said that security guarantees within the partnership aiming to prevent diversion of US technology into the wrong hands played a crucial role in making the deal possible. While speaking at CSIS, Mr Smith also briefly touched upon the AI Acceleration Partnership, as well as Microsoft's investment with G42 which preceded it. "Let's do a better job of packaging ourselves," he said, talking about the importance of boasting the benefits of partnerships between companies and countries. "That's in effect what Microsoft and G42 in the US and UAE have started to do, let's continue to move in that direction."
Zawya
14 hours ago
- Zawya
US tariff rate may be more than 20% after latest round, global business group says
U.S. consumers face an effective U.S. tariff rate of more than 20%, the highest since the early 1900s, the International Chamber of Commerce has estimated following President Donald Trump's import levy announcements this week. Rates are already around 16%, their highest since the 1930s. The calculation is based on the tariffs included in letters sent by Trump's administration this week to trading partners, 50% copper tariffs, and the threat of duties as high as 200% on pharmaceutical tariffs, Andrew Wilson, ICC deputy secretary general told Reuters on Friday. The ICC represents 45 million companies in more than 170 countries. Wilson said it was notable that financial markets were "pretty sanguine" even after the raft of tariff threats this week. "I think what's particularly interesting this week is the disconnect between the reaction of the financial markets (...) and the reaction of companies, who I think remain acutely concerned about the direction of tariffs, U.S. trade policy, the inherent risks of that," he told Reuters. The relative market calm this week was in contrast to the selloff across equities and Treasuries in April after Trump announced sweeping tariffs and then hit pause for 90 days until July 9. This week he extended the deadline for trade deals until August 1. Investors seem to have accepted a 10% baseline tariff, Wilson said, although Trump floated the idea late on Thursday that it could go up to 20% for some countries. The ICC sees the latest moves as a way for the administration to test "in real time" the financial market's sensitivity to hefty tariffs. "Our view right now, based on what we've seen over the past few days, is the Administration is very much set on achieving the highest possible effective tariff rate for the U.S.," said Wilson. "There's no doubt they're sensitive to the equities market and the performance of US Treasuries. But basically, how high can they get the number without freaking out the financial markets?" he said. Wilson noted that the administration has been touting tariffs as a significant revenue source. Treasury Secretary Scott Bessent said Washington had taken in about $100 billion so far and could collect $300 billion by the end of the year. (Reporting by Josephine Mason Editing by Mark Potter)
