Business

Global markets slide as Trump announces new tariffs on Canada, Mexico and China

Stocks in Europe and Asia fell sharply after US President Donald Trump imposed tariffs on Canada, Mexico, and China, while also vowing to target the European Union.

OpenAI, SoftBank and Oracle to invest $500 billion in AI infrastructure project in US

American President Donald Trump revealed a new partnership involving OpenAI, Oracle, and SoftBank, which aims to invest up to $500 billion in infrastructure projects related to artificial intelligence.

Honda, Nissan and Mitsubishi begin talks to create world’s 3rd largest automaker

Honda and Nissan have formally entered talks on a possible merger by summer 2026, a deal that would create the world’s third-largest automaker.

Saudi Arabia set to become a global tourism powerhouse

Saudi Arabia is ready to become a global tourism powerhouse by securing the rights to host two major events, the 2034 FIFA World Cup and the 2030 World Expo. “The next decade we’ll host two of the largest events,” said...

Oman Investment Authority acquires stake in Elon Musk’s xAI

The Oman Investment Authority (OIA) has announced a strategic investment in xAI, the artificial intelligence company founded by Elon Musk.

World’s 25 Richest Families in 2024: Waltons claim the top spot, UAE royalty ranks second

The Walton family, renowned for founding retail giant Walmart, has been crowned the wealthiest family in the world

India signs $100 billion free trade deal with 4 European countries

India has signed a trade agreement with four-member European trade bloc European Free Trade Association (EFTA), which includes Norway, Switzerland, Iceland, and Liechtenstein.
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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
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