Business

States across the U.S. are dismantling long-standing child labor laws. Legislators in Republican states are invoking a widespread labor shortage to push bills that would weaken child labor laws. Some bills go beyond expanding eligibility or […]

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The United States’ share of global arms exports rose to 40 percent from 33 percent in the past five years. Saudi Arabia, Qatar, and Egypt ranked among the top ten largest importers of weapons in the […]

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The number of women in the workforce in February was higher than pre-pandemic levels for the first time. According to the latest jobs data, the number of women in the workforce rebounded. However, they still face […]

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The world’s largest oil-exporting company and second most valuable firm, Saudi Aramco reported record-high earnings for 2022 driven by higher crude prices. Saudi oil giant’s regulatory filing on Sunday to the Tadawul stock exchange, where […]

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The collapse of Silicon Valley Bank (SVB) on Friday in the largest bank failure in the US since the 2008 financial crisis has shaken the US regulators who are afraid that more insolvencies could follow […]

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The tech-heavy lender Silicon Valley Bank (SVB) Financial Group was closed on Friday by California banking regulators in the largest bank failure in the US since Washington Mutual during the height of the 2008 financial […]

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The maker of an unproven drug Makena intended to prevent premature births says it will voluntarily remove the product from the U.S. It comes as regulators signaled plans to follow through on a long-delayed effort […]

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The world’s top crude exporter Saudi Arabia signaled over the weekend it sees Asia and Europe’s oil demand picking up by raising most prices for crude shipments to the regions for the second month in […]

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The economy still risks falling into a recession, former Treasury Secretary Larry Summers warned. The U.S. economy could face a “Wile E. Coyote moment” as it seeks to tame inflation with interest rate hikes, Summers said.  […]

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Meta’s latest round of layoffs could hit as soon as this week. The parent company of Facebook and Meta could be laying off thousands of staffers. The company is trying to finalize its headcount before CEO […]

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Toblerone chocolate is about to look a bit different. The famous Toberlone chocolate is to lose the image of the Matterhorn mountain peak from its branding due to a change in where it is made. Originally […]

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In the latest in a series of efforts by Republicans to stop what they call “woke” investment decisions, the House voted to block a Biden administration rule that allows retirement plans to consider environmental, social, […]

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Saudi Arabia’s economy is expected to grow by 3 percent in 2023. The economic growth is expected to be due to a robust non-oil sector, according to a forecast by Riyad Capital.  The Riyad Capital forecast […]

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The Crypto industry has a new focus: Europe. Crypto lobbyists are in the midst of an intensifying battle with U.S. regulators. Now that Europe wants their business, they may have an extra edge.  Tough capital rules […]

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Amazon closed its acquisition of healthcare provider One Medical and its parent in a $3.9 billion deal.  The landmark deal will turn the e-commerce giant into a provider of primary medical care with access to […]

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Companies can no longer offer severance agreements that prevent employees from making disparaging remarks about their former employer, the National Labor Relations Board ruled. It reverses a Trump-era ruling.  Companies cannot require employees to waive […]

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The Amazon Academy Program is launching in Saudi Arabia to train and certify trainees in the digital field. The program aims to develop more than 30,000 trainees with digital skills that are much sought after in […]

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Hundreds of thousands of Starbucks Vanilla Frappuccinos have been recalled after the distributor warned the drinks may contain glass in them. The frappuccino drink is not sold in Starbucks stores but rather is distributed in supermarkets […]

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In a ruling on Friday, Starbucks was barred by a federal judge-issued order from firing workers who are trying to unionize, also ordering the company to rehire a former employee who was allegedly fired over […]

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Saudi Arabia is looking to invest billions into the gaming industry. It recently increased its investment in EA and Take-Two Interactive while pouring more money into esports as well. A series of financial disclosures this week […]

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The Saudi Ports Authority and Danish shipping company Maersk announced the establishment of the Middle East’s “largest logistics park” at the Jeddah Islamic Port. The Saudi Ports Authority, also known as Mawani, announced the new […]

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A company that focuses on hybrid work has released its first report on flexible work trends. A new tool called The Flex Index has launched this week to try and make employers’ flexible work policies […]

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Big Tech has Wall Street feeling down.  Big Tech failed to ease Wall Street’s concerns about slowing growth and the challenges the industry faces amid global economic uncertainty. This week’s earnings reports confirmed that Big […]

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Are you still watching?  Many may no longer be on Netflix.  The era of Netflix password sharing is coming to an end.  The streaming giant lost subscribers for the first time in a decade last […]

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Tesla on Wednesday reported a record net income of $3.69 billion and revenue of $24.3 billion for the fourth quarter – up 59% and 37%, respectively, from a year earlier – and sold 405,278 vehicles, […]

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The Real Estate Future Forum began in Riyadh, Saudi Arabia on Monday. On the first day of the industry conference in Saudi Arabia, real estate agreements totaling more than $2.66 billion were inked. The collaboration agreements […]

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At least 150 private jets flew business executives, billionaires, government officials, and celebrities into the World Economic Forum summit this year. Participants of the World Economic Forum at Davos said they were committed to fighting climate […]

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