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Johnson & Johnson Vaccine Administered At Colorado Fire Department

US recommends pausing J&J vaccinations on clotting concern

As of April 12, more than 6.8 million doses of the vaccine have been administered

Oil steady near $59 as Fed’s Powell points to economic growth

Futures in New York traded near $59 a barrel after dropping 3.5 per cent last week

Mubadala discusses GlobalFoundries IPO at $20bn value

Technology companies have already raised $20bn in US IPOs this year

Biden reverses Trump travel ban, halts wall construction

The new president issued a proclamation ordering a stop to construction of Trump’s wall along the border with Mexico

UAE issues advisory to citizens in US

The embassy advised its citizens to abide by the curfew decision

Oil extends gains on signs OPEC+ edging toward keeping cuts

The producer group is considering keeping additional supply off the market for three to six months

Bahrain’s Investcorp sells eight US properties for over $900m

The properties were garden and townhome-style apartment buildings located in major metropolitan areas

In pictures: First passengers make maiden voyage in hyperloop pod to mark testing milestone

Josh Giegel, co-founder and chief technology officer, and Sara Luchian, director of passenger experience, were the first people to ride

US election update: Biden’s tightest path may run through Nevada

Democratic nominee Joe Biden needs a win in one more state provided that other race calls stand

Dubai’s Amanat invests in US-based edtech firm BEGiN

The acquisition is Amanat’s first ever venture capital investment

Oil holds losses near $40 amid deteriorating demand outlook

Prices jumped 10 per cent last week after Saudi Arabia indicated it would defend the market

Abu Dhabi takes $615m stake in US LNG exporter

Houston-based Cheniere operates two export facilities: Corpus Christi in Texas and Sabine Pass in Louisiana

UAE, Bahrain sign historic peace accord with Israel in the US

According to the Abraham Accord signed on September 15, Israel will cease further annexation of Palestinian territories

US Secretary of State Mike Pompeo arrives in UAE

His visit to the UAE forms part of a broader Middle East tour

Apple makes Wall Street history by breaking $2 trillion barrier

The company has been buoyed by the broad adoption of mobile internet-connected devices, apps and other cloud services

Jim Hackett and Jim Farley Ford

Ford appoints Jim Farley to replace Jim Hackett as new CEO

Jim Farley will join the board of directors from October 1

Brooks Brothers

Menswear major and America’s oldest retailer, Brooks Brothers, goes bankrupt

The company listed assets and liabilities of at least $500m each in court papers

Saudi oil exports to US plunge to lowest level in 35 years

The kingdom has exported just one cargo to the US so far in June, equivalent to about 133,000 barrels a day

facial-recognition-faces

Amazon suspends use of facial recognition technology by US law enforcement for a year

Amazon said that the reason was to give the US Congress time to develop stronger regulations to govern the use of the technology

Bank of America acquires stake in Dubai’s Emirates NBD

The acquisition of a 100 million shares is worth around Dhs900m

Aramco backs New York fintech firm offering Islamic investments

Wahed Invest got the financing from Saudi Aramco Entrepreneurship Ventures unit as part of a $25m funding round

houston

UAE consulate in Houston issues advisory regarding tropical storm Cristobal

The consulate added that the storm, accompanied by heavy winds and rain, is expected on Saturday evening or Sunday morning

Google faces $5bn lawsuit on tracking Chrome users in ‘incognito mode’

The class action lawsuit demands damages of at least $5,000 for each person affected by Google Chrome’s privacy policy

George Floyd New York City

UAE consulate in New York issues advisory regarding George Floyd protests

Protests have erupted across several cities in the US following the death of 46-year-old George Floyd in Minneapolis last week

Samsung Money

Samsung Money debit card readies for summer launch

Reward points can be exchanged for cash which will be deposited into the customer’s Samsung Money by SoFi account

Boeing restarts 737 Max factory in step to jet’s comeback

The manufacturer is rolling out more than a dozen initiatives aimed at improving safety and quality on its 737 assembly lines

Abu Dhabi’s Waha to invest bulk of $200m in US stocks

Waha Capital posted a loss of Dhs616m for 2019

Dubai’s Operation Falalel to expand to New York, London, Paris

The restaurant brand expects to roll out its first unit in New York by Q2 2020

China to halve tariffs on $75bn US goods from February 14

Chinese tariffs on American goods from September 1 last year will be lowered, with the rate on some dropping from 10 per cent to 5 per cent

TikTok security flaws may have exposed user videos to hackers

A series of vulnerabilities have been identified in the social media phenomenon that cyber-attackers could exploit to manipulate user accounts and information