Business

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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Argentina and Brazil, South America’s two biggest economies, are reviving an often-discussed plan that would face numerous political and economic hurdles by renewing discussions on forming a common currency for financial and commercial transactions. In […]

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The clock is now ticking on the nation’s debt ceiling drama. Congress is gearing up for a debt ceiling standoff.  The U.S. is expected to hit its borrowing cap as soon as today, Thursday. But […]

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Saudi Foreign Minister Prince Faisal bin Farhan Al Saud spoke on the Kingdom’s economy, oil, Iran, and U.S. ties at Davos.  Speaking at a panel at the World Economic Forum, he said the Saudi-US partnership […]

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Saudi Arabia is becoming a regional leader in attracting the best talent, according to recruiters who work in the Middle East.  John Armstrong, founder and managing director of recruitment agency JCA Associates, wrote for the […]

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Laid-off Twitter workers who are suing the social media company over their termination must pursue claims in individual arbitration and not a class-action lawsuit after a judge ruled that they must drop their group suit. […]

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Adidas lost a trademark infringement lawsuit over the sportswear giant’s famous “three stripes” logo design. Adidas brought the suit against Thom Browne, after it claimed the luxury fashion brand used the design without its permission. The […]

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For the first time in nearly three years, inflation fell on a monthly basis. Consumer prices decreased by 0.1 percent in December, the Bureau of Labor Statistics reported in its Consumer Price Index.  The last […]

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The Federal Trade Commission has put under preliminary investigation beverage giants Coca-Cola and PepsiCo over potential price discrimination in the soft drink market as the agency strives to dust off a decades-old, but long-dormant price-discrimination […]

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Elon Musk’s satellite internet service Starlink is partnering with Dubai-based marine electronics company Elcome International to provide internet services to the maritime industry.  The service uses Starlink’s low-Earth orbit satellites. It will connect vessels, like […]

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Saudi Arabia’s Public Investment Fund (PIF) has remained among the top 10 world’s sovereign wealth funds, maintaining the sixth spot in the list with assets worth $607.42 billion, the latest data snows. With $1.350 trillion […]

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Millions of workers are subjected to non-compete agreements. That could be coming to an end.  The Federal Trade Commission took a bold move aimed at shifting the balance of power from companies to workers. The FTC […]

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Following this week’s operations that were severely hampered by a winter storm, Southwest Airlines got back to its regularly scheduled operations on Friday, Reuters reported. During the bustling Christmas holiday rush, Dallas-based Southwest struggled to […]

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Twitter is down to the bare bones under Elon Musk’s leadership, The New York Times reported. Musk has taken drastic steps to stabilize Twitter’s finances since the billionaire bought the social media platform for $44 […]

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Upwards of one year after New York made marijuana legal, the first licensed marijuana shop in the state finally opened its doors to customers on Thursday, Reuters reported. This came despite delays in creating the […]

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