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Business

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Mamdani’s NYC victory rattles Wall Street, sparks tax worries
Mamdani’s NYC victory rattles Wall Street, sparks tax worries

NEW YORK CITY, New York: Wall Street reacted with unease as Zohran Mamdani, a self-described democratic socialist, was elected mayor...

Starbucks cedes China majority stake to Boyu to fuel expansion
Starbucks cedes China majority stake to Boyu to fuel expansion

SEATTLE, Washington: Starbucks is handing majority control of its China business to private equity firm Boyu Capital in a deal that...

Nasdaq Composite surges 151 points amid U.S. stocks resurgance
Nasdaq Composite surges 151 points amid U.S. stocks resurgance

NEW YORK, New York - U.S. stock markets closed higher on Wednesday, as gains in technology and industrial shares supported continued...

Amazon secures $38 billion OpenAI deal to fuel ChatGPT infrastructure
Amazon secures $38 billion OpenAI deal to fuel ChatGPT infrastructure

SEATTLE, Washington: OpenAI has struck a US$38 billion deal with Amazon to secure massive computing power for its artificial intelligence...

Bowen unveils free midday solar power plan for all Australians
Bowen unveils free midday solar power plan for all Australians

PERTH, Australia news: Australia will soon let millions of households tap into three hours of free solar power every day, including...

Kleenex meets Tylenol as Kimberly-Clark, Kenvue join forces
Kleenex meets Tylenol as Kimberly-Clark, Kenvue join forces

IRVING, Texas: In one of the most significant consumer-goods mergers of the year, Kimberly-Clark is buying Tylenol maker Kenvue in...

Middle East

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Top Israeli military legal chief in custody amid scandal
Top Israeli military legal chief in custody amid scandal

JERUSALEM, Israel: Controversy has erupted over the dramatic chain of events that included the sudden resignation, a brief disappearance,...

China, South Korea struggle as Trump’s tariffs hit Asia trade
China, South Korea struggle as Trump’s tariffs hit Asia trade

BEIJING/SEOUL: Asia's factory engines sputtered in October as U.S. tariffs and weakening global demand under U.S. President Donald...

Tokyo seeks US understanding on Japan’s energy dependence on Russia
Tokyo seeks US understanding on Japan’s energy dependence on Russia

TOKYO, Japan: Japan's new Prime Minister, Sanae Takaichi, told U.S. President Donald Trump during their meeting in Tokyo that it would...

Al Ain hosts UAE Warriors 65 next week
Al Ain hosts UAE Warriors 65 next week

ABU DHABI, 6th November, 2025 (WAM) -- UAE Warriors returns to Al Ain for a landmark night of mixed martial arts featuring 13 international...

ADNOC Distribution earmarks around $300 million annually for organic growth in UAE, Saudi Arabia, Egypt
ADNOC Distribution earmarks around $300 million annually for organic growth in UAE, Saudi Arabia, Egypt

ABU DHABI, 6th November, 2025 (WAM) -- ADNOC Distribution Chief Executive Officer Bader Al Lamki said the company earmarks between...

Theyab bin Mohamed bin Zayed meets participants of First UAE Second-Tier Leadership Executive Programme in China
Theyab bin Mohamed bin Zayed meets participants of First UAE Second-Tier Leadership Executive Programme in China

BEIJING, 6th November, 2025 (WAM) -- H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court...