News
MENA Newswire News Desk: In a significant bilateral meeting today, UAE President Sheikh Mohamed bin Zayed Al Nahyan welcomed Nikos Christodoulides, President of the Republic of Cyprus, to discuss enhancing strategic partnerships and furthering economic ties. The discussions centered around deepening cooperation in the economic, developmental, and energy sectors to bolster mutual interests. The UAE and Cyprus leaders reviewed existing…
Business
China has issued a stern warning to Japan, threatening significant economic retaliation if Tokyo proceeds with additional restrictions on the sale and servicing of chipmaking equipment to Chinese firms. The move complicates ongoing US-led efforts to curb China’s access to advanced semiconductor technology. Japanese officials have been briefed on…
China has issued a stern warning to Japan, threatening significant economic retaliation if Tokyo proceeds with additional restrictions on the sale and servicing of chipmaking equipment to Chinese firms. The move complicates ongoing US-led efforts to curb China’s access to advanced semiconductor technology. Japanese officials have been briefed on…
The S&P 500 rebounded in August after a rocky start, ending the month with a 2.3% gain. This marked a reversal from the early August slump, where the index dropped by 6.1% in the first three trading sessions. Despite the volatility, 71% of stocks in the S&P 500 posted gains for…
China’s economic foundations are under intense strain as key sectors struggle to maintain momentum. Factory activity contracted for a fourth consecutive month in August, signaling deepening deflationary pressures. The National Bureau of Statistics (NBS) reported that the official manufacturing purchasing managers’ index (PMI) fell to 49.1 from 49.4 in July, marking…
Travel
Private jet flights have declined by 15% during the first half of the year, falling from their peak in 2022, signaling a significant downturn in the industry’s demand. This waning interest contrasts sharply with the surge in travel seen during the pandemic, marking a shift…
Delta Air Lines is grappling with unprecedented flight cancellations as it struggles to recover from a major IT outage linked to Microsoft that began on Friday. The Atlanta-based airline has canceled over 4,600 flights from Friday through Sunday, surpassing any other carrier, and had to cancel an additional…
Ryanair shares plunged 14% on Monday after the budget airline reported a significant 46% drop in quarterly profit, attributing the decline to weaker-than-expected fares. The airline also warned of lower fare expectations in the upcoming months, adding to investor concerns. By 11:28 a.m. London time, Ryanair’s…
Air France-KLM has expressed concerns over potential financial setbacks due to the Paris Olympics, projecting a substantial decrease in travelers to and from the city this summer. As the city gears up to host the international sporting event later this month, the airline anticipates losses ranging…