#US

Netflix

Netflix fires another 300 employees in latest round of cuts

The job losses are across the company, with most affected workers based in the US

Bitcoin

Bitcoin drops to one-month low as US CPI report hurts sentiment

The world’s largest digital token tumbled as much as 6.4 per cent to $25,593, its lowest level since May 12

Oil extends gain as US stockpiles tighten before driving season

West Texas Intermediate futures climbed toward $111 a barrel after rising 0.5 per cent on Wednesday

Berkshire Hathaway

Berkshire tweaks bank play with $2.9bn bet on Citi

Berkshire’s now betting on Citigroup as new management takes over

Sheikh Khalifa

The world offers tributes to Sheikh Khalifa bin Zayed Al Nahyan

Sheikh Khalifa bin Zayed Al Nahyan passed away on May 13, at age 73

Hub71

Abu Dhabi’s Hub71 welcomes 16 new startups to join ecosystem

The new cohort will have the opportunity to develop advanced technologies and gain access to the emirate’s innovation ecosystem

Oil extends advance above $100 as Ukraine crisis continues

US crude output will grow at a slower pace than previously expected

UAE and US’ Mars missions to collaborate on science data analysis

The partnership will enable the sharing and collaborative analysis of data and observations made by EMM’s Hope Probe and NASA’s MAVEN

Oil retreats as US weighs reserves release to combat inflation

West Texas Intermediate futures slid 5 per cent to trade near $102 a barrel, trimming a monthly advance

OPEC says it’s stabilised oil market

The Organization of Petroleum Exporting Countries and its partners have resisted calls to raise output faster

Innovative products and trends governed Gulfood 2022

Zero waste, food security, homegrown brands, organic and plant-based food products and innovation in agriculture were key highlights of this year’s F&B event

UAE’s non-oil foreign trade rises 27% in 2021

China ranked first as the country’s largest trading partner in 2021

Oil extends eight-week rally on intensifying Ukraine tensions

Crude surged to the highest since 2014 last week

Oil edges higher after drop in stockpiles

Oil has rallied over the past seven weeks to the highest level since 2014

Oil’s red-hot rally takes a breather after seven weekly gains

Oil has rallied on improving demand and supply outages, putting $100 a barrel within reach

Dubai’s Emirates to resume full US operations this week

Services to Chicago, Dallas Fort Worth, Miami, Newark, Orlando and Seattle will resume from January 21

Sir Tim Clark Emirates Airlines

US 5G rollout ‘utterly irresponsible’, says Emirates president

Sir Tim Clark noted that the airline wouldn’t take any risks

Dwindling OPEC+ spare capacity sets oil up for sizzling summer

Last month, the 10 OPEC nations in the accord managed only 60 per cent of their stipulated 250,000 barrel-a-day increase

Emirates Dubai USA

Dubai’s Emirates suspends flights to nine US destinations

The airline cited operational concerns with the planned deployment of 5G mobile network services at certain airports in the US

Getty Images

Israel to end Covid travel restrictions to several countries including UAE, UK and US

The travel ban was put in place in December as an effort to prevent people infected with coronavirus from entering the country

UAE says it’s suspending F-35 talks with the US

The UAE said it is reassessing the strategic requirements and the costs/benefits of the aircraft

Saudi Arabia raises oil prices for Asian and US customers

Oil slid for a sixth straight week due to the spread of Omicron and the prospect of more barrels coming to the market

OPEC+ warns of response as Biden poised for oil reserve release

The Organization of Petroleum Exporting Countries and its allies will meet on December 2

Shailesh Dash

What to expect from the US equity markets

Investors that identified sectors likely to benefit from the pandemic have enjoyed superior returns, writes entrepreneur and investor Shailesh Dash, who shares his perspective in this monthly column

US backs $650m air-to-air missile sale to Saudi Arabia

The Aim-120 missile is one of the US Air Force’s top air-to-air weapon systems

Oil extends losses as US stockpiles expand before OPEC+ meet

Nationwide US crude inventories increased by 3.29 million barrels last week

New Arcapita venture to invest $2bn in US warehouses

The goal is to grow the portfolio to as much as $2bn in gross asset value across the top 25 US industrial markets

Expo 2020 Dubai pavilions: Uzbekistan, US, Spain, Finland, UK, Oman, Sri Lanka, Brazil

Here’s a list of eight participating country pavilions and their offerings

Saudi ARabia

Saudi hoard of US Treasuries shrinks most since oil-price rout

The kingdom sold $4bn in US government debt, the most in over a year

The US replaces China as world’s biggest Bitcoin miner

At the end of August, America accounted for 35.4 per cent of the global hash rate