A former Merck & Co. analyst was sentenced to three years and a month in prison for passing merger tips to an ex-business school classmate who worked at Bank of New York Mellon Corp., prosecutors said. Zachary Zwerko pleaded guilty in February to giving inside information to the former BNY Mellon employee, who used it to earn $700,000 (AED2,571,065) in illicit profit. Zwerko said he was paid $57,000 (AED209,358) for the tip. (By Patricia Hurtado/Bloomberg)
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, Trump calls punishment 'illegal'
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.
United Arab Emirates President His Highness Sheikh Mohamed bin Zayed Al Nahyan has received the top-performing Year 12 students for the 2025-2026 academic year, along with a number of outstanding teachers and education leaders.
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.
