Iceland's Wow Air has ceased operations and cancelled all flights, leaving thousands of passengers stranded.
On Thursday morning, Wow said on its website: “Wow Air has ceased operation. All Wow Air flights have been cancelled."
WOW Air is the latest casualty among budget airlines, after efforts to raise more funds failed.
"I will never forgive myself for not having acted earlier," WOW CEO and founder Skuli Mogensen wrote in a letter to the company's 1,000 employees.
Apple launches into foldable market as iPhone Duo sales begin
Sales of Apple's first folding phone, the iPhone Duo, began on Friday, with market watchers betting on whether the device can reinvent the small foldables market in the same way the iPhone did for smartphones.
Microsoft develops AI tool that can diagnose 'sequentially' like a doctor
Microsoft researchers say an AI tool that diagnoses patients step by step, as doctors do, was more than twice as accurate as general physicians at solving complex medical cases, according to a study published on Thursday in Science.
UAE-Greece Strategic Forum opens new horizons for trade, investment
The UAE and Greece have announced 18 agreements and commercial partnerships worth a total of €12.75 billion, strengthening economic and investment cooperation.
UAE to invest additional €15 billion in Greece
The UAE has announced plans to invest an additional €15 billion under its joint investment initiative with Greece, strengthening their long-term economic and strategic partnership.
UAE enters global top 10 in Government Support Index
The UAE has climbed six places to rank 10th globally in the 2026 Government Support Index, achieving its target of entering the world’s top 10.
The UAE has announced the success of a new mediation effort between Russia and Ukraine, resulting in the exchange of 540 captives, with 270 released from each side.
Dubai Humanitarian has launched a new air bridge to deliver winter aid to families in Gaza, under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
The UAE's Ministry of Climate Change and Environment has confirmed that an oil spill from a tanker is the reason for the foul smell that residents across Sharjah, Ajman and Umm Al Quwain have been reporting, adding that there is no health risk associated with it.
