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Business

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Musk loses court fight with OpenAI as scrutiny of Altman grows
Musk loses court fight with OpenAI as scrutiny of Altman grows

OAKLAND, California: OpenAI has emerged victorious in its closely watched courtroom battle with Elon Musk, preserving its path toward...

Nasdaq Composite slides 220 points as U.S. stocks shed ground
Nasdaq Composite slides 220 points as U.S. stocks shed ground

NEW YORK, New York - U.S. and global stock markets closed with a broad selloff on Tuesday, driven by heavy losses in technology shares...

NextEra-Dominion merger targets soaring AI-driven power demand
NextEra-Dominion merger targets soaring AI-driven power demand

NEW YORK CITY, New York: NextEra Energy has agreed to acquire Dominion Energy in an all-stock deal valued at about US$66.8 billion,...

Tesla increases U.S. prices for several Model Y variants
Tesla increases U.S. prices for several Model Y variants

AUSTIN, Texas: Tesla has increased the prices of several Model Y vehicles in the United States, marking the first price hike for the...

SpaceX speeds up IPO plans, eyes June 12 Nasdaq listing
SpaceX speeds up IPO plans, eyes June 12 Nasdaq listing

NEW YORK CITY, New York: SpaceX is preparing to go public as early as June 12 on the Nasdaq, according to people familiar with the...

U.S. stocks enter new week Monday, on mixed note
U.S. stocks enter new week Monday, on mixed note

NEW YORK, New York - U.S. stocks finished Monday's trading session on a mixed note, as the Dow Jones Industrial Average extended its...

Middle East

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Corporate costs from Iran conflict top $25 billion worldwide
Corporate costs from Iran conflict top $25 billion worldwide

LONDON/NEW YORK CITY: The war involving the United States, Israel and Iran has already cost companies around the world at least US$25...

Global oil stockpiles shrinking rapidly, IEA chief says
Global oil stockpiles shrinking rapidly, IEA chief says

PARIS, France: The head of the International Energy Agency warned on May 18 that commercial oil inventories are being depleted quickly...

Iranians step up negotiations, put forward revised terms
Iranians step up negotiations, put forward revised terms

TEHRAN, May 18 (Xinhua) -- Iran has handed over its newest 14-point proposed plan for ending the war with the United States to mediator...

Trump says China wants Hormuz open; he is losing patience with Iran
Trump says China wants Hormuz open; he is losing patience with Iran

ABOARD AIR FORCE ONE/DUBAI: U.S. President Donald Trump said he was losing patience with Iran and claimed that China's President Xi...

Russian military showcases nuclear deterrent
Russian military showcases nuclear deterrent

The large-scale exercise coincides with President Vladimir Putins state visit to China The Russian Defense Ministry has released...

UAE real estate market navigates Q1 2026 with measured growth, sustainable trajectory
UAE real estate market navigates Q1 2026 with measured growth, sustainable trajectory

ABU DHABI, 20th May, 2026 (WAM) -- Colliers' UAE Real Estate Market Report for Q1 2026 highlighted a transition period for the market...