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Business

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McDonald’s to shut down CosMc’s drink spinoff after short run
McDonald's to close standalone beverage concept

CHICAGO, Illinois: McDonald's is closing its experimental beverage spinoff, CosMc's, less than two years after launching the standalone...

China’s Lenovo profit plunges 64%, misses estimates sharply
China's Lenovo posts quarterly profit, short of estimates, shares slip

BEIJING, China: China's Lenovo reported a steep 64 percent drop in fourth-quarter profit, falling significantly short of analyst expectations...

Economic data gives welcome relief to Wall Street
Dow Jones soars 741 points on robust consumer confidence

NEW YORK, New York - Strong economic data jump-started U.S. stocks and the dollar Tuesday, a welcome reprieve after weeks of pressure...

PepsiCo cleared in FTC case over Walmart discounts
FTC drops price bias lawsuit against PepsiCo

NEW YORK CITY, New York: This week, the U.S. Federal Trade Commission (FTC) dropped its lawsuit against PepsiCo, which had accused...

Builder discounts drive sales spike, but housing outlook wary
April US new home sales hit 3-year high amid price cuts

WASHINGTON, D.C.: New single-family home sales in the U.S. rose sharply in April to their highest level in over three years as builders...

CEO says health push weakened Nestle, vows return to F&B roots
Nestle refocuses on core food business after diversification misstep

VEVEY, Switzerland: Nestle is realigning its focus on its core food and beverage operations after expanding into areas like health...

Middle East

Section
Canadians turn out in thousands to pay tribute to Israel
Tens of thousands march in support of Israel in Toronto

TORONTO, Canada - Tens of thousands of people from across Canada have marched in support of Israel in a massive turnout in Toronto....

Nine children from 1 family die as Israel Air force pilots hit 100 targets in Gaza
Israeli pilots kill 9 kids while their mother works at Gazan hospital

GAZA  - The home of a doctor working in the emergency room at the Nasser Medical Complex in southern Gaza was struck by Israel Air...

Trump vs. South Africa: Who is winning the clash over white genocide
Trump vs. South Africa: Who is winning the clash over white genocide

The decline of American influence in Africa is a long-term trend that largely does not depend on the administration in Washington ...

EU adopts legal acts to lift economic sanctions on Syria
EU adopts legal acts to lift economic sanctions on Syria

The EU would lift all restrictive measures related to trade, investment and financing, except those based on security grounds, said...

UAEREP approves shortlist of research proposals in its sixth cycle
UAEREP approves shortlist of research proposals in its sixth cycle

ABU DHABI, 28th May 2025 (WAM) -- The UAE Research Programme for Rain Enhancement Science (UAEREP), managed by the National Centre...

Letter from Mideast: Uncertainty and tear gas -- an on-site account of Israeli raid on Askar Camp
Letter from Mideast: Uncertainty and tear gas -- an on-site account of Israeli raid on Askar Camp

In May, Israeli forces conducted a three-hour raid on Askar Camp near Nablus amid an ongoing military campaign in the northern West...

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