Dubai port operator DP World is buying a $50 million stake in US tech start-up Hyperloop One. Los Angeles-based Hyperloop One is gearing to build a futuristic transport system that will move people and goods through a vacuum tube at more than 1,000 kilometres per hour. Apart from DP World, 137 Ventures, French National Rail Company and GE Ventures have made their contributions, taking the total funding to $160 million.
New US tariffs to affect imports from EU, China and dozens of other countries
The United States is introducing new tariffs on imports from 60 trading partners, including the European Union, China, Japan and South Korea, in a move that could reshape global trade flows and supply chains.
US-India trade deal could be signed in 3-4 months, US official says
A long-awaited US-India trade agreement could be signed within the next three to four months, a senior US official said on Wednesday, indicating negotiations between the two sides have been virtually completed.
Google hit with $1 billion EU fine, first under landmark rules
Alphabet's GOOGL.O Google was fined a total of €890 million ($1 billion) on Thursday for flouting European Union rules aimed at reining in the power of Big Tech, the European Commission said.
Trump announces 50% tariffs on wide range of Canadian imports
US President Donald Trump has announced sweeping new tariffs of up to 50 per cent on a broad range of Canadian imports, opening a new front in the trade dispute between the neighbouring countries.
Fitch assigns Invest Bank long-term credit rating of 'BBB+'
Fitch Ratings has assigned Invest Bank (INB) its first long-term credit rating of BBB+ with a stable outlook, marking the institution’s strong financial profile and positioning the bank for sustainable long-term growth.
The UAE has joined seven regional countries in condemning what they described as Israeli escalations at the Al Aqsa Mosque compound in occupied East Jerusalem.
The United Arab Emirates has condemned in the strongest terms the attack by the Houthi group targeting the Saudi-flagged vessel Encelia while sailing in the Red Sea.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has held talks with His Highness Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah.
