Business

Elon Musk becomes world’s first trillionaire after SpaceX’s huge IPO

Elon Musk has become the first person in history to surpass a net worth of $1 trillion, following the public market debut of SpaceX on the Nasdaq.

UAE’s e& sells 12.5% stake in Careem to Uber for $100 million

UAE telecommunications group e& has agreed to sell part of its stake in Careem Technologies to Uber Technologies for $100 million in cash

UAE to leave OPEC on May 1 in blow to oil cartel amid oil market turmoil

United Arab Emirates will withdraw from Organization of the Petroleum Exporting Countries (OPEC) on May 1, 2026

Trump signs order imposing 10% global tariff after Supreme Court ruling

U.S. President Donald Trump signed an executive order Friday evening imposing a new 10% global tariff on all imports.

China’s BYD overtakes Tesla as world’s top EV seller in 2025

Chinese automotive powerhouse BYD has officially dethroned Tesla to become the world’s leading seller of electric vehicles on a calendar-year basis.

Apple hits $4 trillion valuation amid iPhone 17 surge

Apple has become only the third publicly traded company in history to briefly crack the $4 trillion market value milestone.

Gold prices top $4,000 an ounce for the first time ever amid global uncertainty

In a historic marker for the global financial landscape, the price of gold surged past the $4,000 per ounce level for the first time.

Trump reaches trade deals with Japan, Philippines and Indonesia ahead of tariff deadline

The United States has struck new trade deals with Japan, Indonesia, and the Philippines, just days before the Trump administration’s self-imposed August 1 tariff deadline.

Astronomer CEO resigns after viral Coldplay concert scandal

Andy Byron, the CEO of Astronomer, has resigned from his position following the drama surrounding the viral Coldplay concert kiss cam.

Trump extends tariff deadline to August 1, threatens duties up to 40% on certain countries

Trump announced an extension of the deadline for imposing new reciprocal tariffs to August 1, while warning that duties of up to 40% will be levied on selected countries if trade agreements are not reached by then.
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World’s first large-scale 100% Hydrogen Engine tested to supply power to Spanish grid

Finnish energy technology company Wartsila has successfully operated what it describes as the world's first large-scale engine powered entirely by hydrogen to supply electricity to Spain’s national grid
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