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Business

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UPS to cut 20,000 jobs, close facilities amid Amazon slowdown
UPS to cut 20,000 jobs on reduced Amazon deliveries as tariffs weigh

ATLANTA, Georgia: United Parcel Service is cutting 20,000 jobs and closing dozens of facilities, marking one of its biggest shakeups...

JERA to consider Alaska as a potential LNG supplier
Japan's JERA may consider Alaska as LNG supply option

TOKYO, Japan: Japan's biggest power company, JERA, says it might buy liquefied natural gas (LNG) from Alaska. This comes as Japanese...

U.S. stocks bounce higher on non-farm payrolls data
Positive jobs report lights up Wall Street

NEW YORK, New York - A better-than-expected jobs report boosted U.S. stock markets Friday.  Total nonfarm payroll employment increased...

Toyota considers major buyout of key supplier Toyota Industries
Toyota could invest in potential $42 billion buyout of key supplier

TOKYO, Japan: Toyota Motor is weighing a potential investment in a primary buyout of one of its key suppliers, Toyota Industries, the...

UK economic confidence plunges to record low, Ipsos poll reveals
Poll: Britons' confidence in economy is lowest since at least 1978

LONDON, U.K.: Britons' outlook on the economy has hit an all-time low, with public confidence plunging to its weakest point since records...

Huawei targets Nvidia with new AI chip in tech showdown
WSJ: China's Huawei develops new AI chip, seeking to match Nvidia

BEIJING, China: China's Huawei Technologies is stepping up efforts to challenge U.S. dominance in artificial intelligence hardware,...

Middle East

Section
Israel blamed for drone strike on Gaza protest ship
SOS issued after drones strike ship protesting Gaza blockade

Drones have struck a ship on a mission  to highlight the halting of humanitarian aid to the blockaded Gaza Strip, triggering a fire....

Israeli prime minister hosts 80 international diplomats
Netanyahu on the defensive as dozens die in Gaza

JERUSALEM - More than 80 ambassadors and heads of mission from across the world were addressed by Israeli Prime Minister Benjamin Netanyahu...

Global leaders to convene in Abu Dhabi for inaugural Governance of Emerging Technologies Summit
Global leaders to convene in Abu Dhabi for inaugural Governance of Emerging Technologies Summit

Abu Dhabi [UAE], May 3 (ANI/WAM): Under the patronage of Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister,...

Saudi Arabia showcases cultural transformation at Abu Dhabi International Book Fair
Saudi Arabia showcases cultural transformation at Abu Dhabi International Book Fair

Abu Dhabi [UAE], May 3 (ANI/WAM): Saudi Arabia is taking part in the 34th edition of the Abu Dhabi International Book Fair (ADIBF),...

YEMEN-SANAA-HOUTHI GROUP-ISRAEL-MISSILE ATTACKS
YEMEN-SANAA-HOUTHI GROUP-ISRAEL-MISSILE ATTACKS

(250503) -- SANAA, May 3, 2025 (Xinhua) -- Houthi military spokesperson Yahya Sarea (2nd R, top) delivers a statement in Sanaa, Yemen,...

UAE President, VPs congratulate President of Poland on Constitution Day
UAE President, VPs congratulate President of Poland on Constitution Day

ABU DHABI, 3rd May 2025 (WAM) -- President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President...