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Business

Section
Tourists shift from U.S. to Europe as spending surges
Europe set for 11% rise in tourist spending, WTTC report says

MADRID, Spain: Europe's tourism sector is poised for a strong 2025, with international visitor spending projected to grow by 11 percent...

Tough competition, weak economy hits European investments in China
European firms cut spending amid economic slowdown in China

BEIJING, China: European companies are spending less and cutting back on investment plans in China because the Chinese economy is slowing...

Elf beauty buys Hailey Bieber's Rhode in $1 billion Deal
Hailey Bieber sells makeup brand Rhode to Elf Beauty for $1 billion

LOS ANGELES, California: Model Hailey Bieber's skincare and makeup brand, Rhode, is being bought by Elf Beauty for around US$1 billion....

Airbus delivery delays now stretch to 2028, airlines warned
Airbus tells airlines to expect jet delivery delays into 2028

PARIS, France: Aircraft delivery delays at Airbus are now expected to stretch into 2028, as the European planemaker continues to grapple...

GameStop makes $513 million bitcoin bet in digital asset shift
GameStop buys $513 million in bitcoin to fuel crypto strategy

GRAPEVINE, Texas: GameStop has taken a significant step into the world of cryptocurrencies, revealing this week that it has purchased...

US housing outlook dims as buyers await lower rates, BofA finds
Uncertainty hits US homebuyers as mortgage rates climb again

NEW YORK CITY, New York: Rising mortgage rates and economic uncertainty are leaving many Americans unsure about whether to buy a home—just...

Middle East

Section
Dozens dead as Israeli military opens fire on starving Gazans
Israeli Tanks fire on Gazans seeking aid, 32 killed, over 200 injured

GAZA - At least 32 Palestinians were killed and more than 200 wounded after Israeli forces opened fire on crowds waiting for food at...

Critics warn Erdogan’s plan may extend rule beyond 2028
Erdogan launches legal team to draft new Constitution

ANKARA, Turkey: Turkish President Recep Tayyip Erdogan said this week that he has appointed a group of legal experts to begin drafting...

UAE participates in Eurasian Group's Plenary Meeting on Anti-Money Laundering
UAE participates in Eurasian Group's Plenary Meeting on Anti-Money Laundering

MOSCOW, 2nd June, 2025 (WAM) -- The United Arab Emirates participated in the 42nd Plenary Meeting of the Eurasian Group on Combating...

FNC, Japanese Parliament discuss bolstering parliamentary diplomacy
FNC, Japanese Parliament discuss bolstering parliamentary diplomacy

TOKYO, 2nd June 2025 (WAM) -- Dr. Marwan Obaid Al Muhairi, Member of the UAE Federal National Council (FNC), met with Ken Saito, Chief...

US senator posts ominous message to Greta Thunberg
US senator posts ominous message to Greta Thunberg

Lindsey Graham has said he hopes the activist, who is sailing to Gaza to protest the Israeli naval blockade, can swim ...

Government of Fujairah partners with UAE Government to implement Zero Government Bureaucracy Programme, Global Star Rating System
Government of Fujairah partners with UAE Government to implement Zero Government Bureaucracy Programme, Global Star Rating System

DUBAI, 2nd June 2025 (WAM) -- H.H. Sheikh Mohammed bin Hamad Al Sharqi, Crown Prince of Fujairah, affirmed that the partnership between...