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Gold prices extended their retreat as investors recalibrated expectations for US interest rates after stronger labour-market signals collided with a worsening conflict in the Middle East, a combination that lifted the dollar, pushed oil higher and revived concerns that inflation could stay stubborn for longer. Spot bullion has come under pressure even as geopolitical risk remains elevated, an unusual pattern that reflects how sharply energy costs and […]

Justin Bieber’s headline-grabbing purchase of a Bored Ape Yacht Club NFT for about $1.3 million in January 2022 has become one of the clearest symbols of how sharply the NFT market has deflated, with comparable pricing for the collection now hovering around $11,000 to $12,000. The singer bought Bored Ape #3001 for 500 ether at a time when digital collectibles were commanding extraordinary sums, fuelled by celebrity […]

Kalshi’s push to keep offering sports-linked prediction contracts in Nevada suffered another setback on 3 April, when Carson City District Court Judge Jason Woodbury said he would grant a preliminary injunction preventing the New York-based platform from operating in the state without a gaming licence. The judge said the contracts were effectively no different from conventional sports betting, extending an earlier temporary restraining order through 17 April […]

Italy has introduced temporary jet fuel limits at four airports as supply strains tied to the Middle East conflict begin to hit European aviation, raising the prospect of operational disruption just as airlines prepare for heavier spring and summer traffic. Notices to airmen issued for Bologna, Milan Linate, Venice and Treviso said Jet A1 availability from Air BP Italia was limited, with restrictions running between April 2 […]

Coffee Stain has shut its mobile-focused Malmö studio, ending a unit that was set up to bring the company’s irreverent game brands to phones and tablets and leaving fresh questions over how the newly listed Swedish group intends to handle mobile development. The closure was disclosed by Daniel Persson, the company’s vice-president of mobile, who said Coffee Stain had decided to close the office in Malmö and […]

Ether traded just above the $2,000 mark on Sunday, holding a level that traders have treated as a key psychological floor, while BitMine Immersion Technologies’ continued accumulation of the token added to a broader argument that institutional buyers still see value in the market after a bruising first quarter. The second-largest cryptocurrency by market value was priced at about $2,055 in Sunday trading, little changed on the […]

Cloudflare’s launch of EmDash has opened a fresh front in the struggle over the future of web publishing, landing at a moment when WordPress is already under pressure from courtroom battles, security criticism and questions over who gets to define the rules of the world’s biggest content management ecosystem. EmDash, presented by Cloudflare as a “spiritual successor” to WordPress, is being pitched as a modern, open-source alternative […]

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Attackers behind the compromise of the widely used Axios package have widened their campaign, turning from code repositories to the people who maintain them and exposing how a single deceptive approach can threaten vast stretches of the software supply chain. Security researchers and the Axios maintainer’s own post-mortem show the March 31 breach was not an isolated package hijack but part of a co-ordinated social-engineering operation aimed […]

Greenlogue/AP Parched hillsides and a sharply weaker winter rain pattern are putting Darjeeling tea under fresh strain, with planters warning that the famed first flush harvest is again under pressure and that the flavour profile underpinning the tea’s global prestige is becoming harder to preserve. Rainfall deficits across eastern and north-eastern parts of the country were severe through early February, and Darjeeling itself was reported to have […]

Arabian Post Staff -Dubai Uber has launched a five-day promotion in the UAE offering 20 per cent off rides to selected destinations in Dubai and Abu Dhabi, in a campaign aimed at steering more residents and visitors towards local shopping, dining and cultural districts at a time when consumer-facing businesses are navigating softer momentum across the non-oil economy. The offer began on April 3 and runs until […]

Arabian Post Staff -Dubai Iran’s downing of a US F-15E Strike Eagle and the loss of another American combat aircraft in the Gulf theatre have pushed Washington’s war with Tehran into a more dangerous phase, exposing the risks of a campaign that has already rattled oil markets and widened instability across the Middle East. US officials said one member of the F-15E crew was rescued while another […]

Arabian Post Staff -Dubai Dubai authorities said on Saturday that no fire or injuries were reported after debris from an aerial interception struck the façade of a building in the Marina district, an incident that briefly pushed one of the emirate’s best-known residential and leisure zones into the expanding shadow of regional conflict. The update came through the Dubai Media Office, which said emergency teams responded after […]

Arabian Post Staff -Dubai Dubai has rolled out a Dhs1 billion economic incentives package aimed at easing pressure on businesses and households, with the measures taking effect from April 1 for a period of three to six months as the emirate seeks to cushion the fallout from regional instability and protect economic momentum. The package, approved by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum in his […]

Staycations across the Northern Emirates and quieter destinations beyond Dubai and Abu Dhabi are gaining momentum as UAE residents rethink holiday plans amid flight disruption and wider uncertainty linked to the Iran war. Hotels in Umm Al Quwain, Hatta, Al Ain and parts of Fujairah have reported firmer domestic demand, with some properties saying residents are choosing short road trips over overseas travel during the Eid period […]

Wall Street’s rush to treat hyperscalers as the safest way to profit from artificial intelligence is running into a harder question: whether all that spending will generate returns fast enough to justify the cost. Microsoft, Amazon, Alphabet and Meta are pushing capital expenditure to extraordinary levels as they race to build data centres, secure chips and expand cloud capacity, but investors are facing a business model that […]

America’s labour market delivered a stronger headline performance in March, but the underlying picture still points to a jobs backdrop that remains exposed to shocks. Nonfarm payrolls rose by 178,000 and the unemployment rate edged down to 4.3 per cent, according to the Bureau of Labor Statistics, offering relief after February’s revised loss of 133,000 jobs. Yet the rebound was flattered by temporary factors, including the return […]

Dubai Municipality has unveiled a Dh150 million plan to install electric-vehicle supercharging facilities across 600 public parking spaces at parks, beaches and recreational sites, in a move aimed at widening access to charging beyond roadsides, malls and fuel stations. The scheme, announced on Friday, is being rolled out with Emarat EV Charging Stations Company, known as UAEV, and its first phase will bring 75 supercharging stations serving […]

  President Donald Trump on Thursday sharpened his threat against Iran by publicly celebrating the destruction of a major bridge and warning that more infrastructure could be hit unless Tehran accepts a deal, a move that deepened concern over the direction of the conflict and added to volatility across energy and financial markets. In a social media post, Trump said “the biggest bridge in Iran” had come […]

A powerful undersea earthquake off Indonesia’s eastern islands killed at least one person, damaged homes and public buildings, and triggered a tsunami warning that was later lifted after small waves were recorded along parts of the coast. Authorities said the magnitude 7.4 quake struck northwest of Ternate in North Maluku at a depth of about 35 km, sending residents into the streets in Ternate, Bitung and Manado […]

Arabian Post Staff -Dubai Kingdom Holding Company has agreed to buy Prince Alwaleed bin Talal AlSaud’s stake in Breakthrough Energy Ventures for 255 million riyals, or about $68 million, in a deal that pushes the Riyadh-listed investment firm further into climate-focused venture capital while underlining the growing role of Gulf capital in technology bets beyond conventional energy. The company disclosed the transaction on 2 April and said […]

Arabian Post Staff -Dubai   Banks across the Gulf are on course to set aside sharply higher sums for bad loans over the next two years, as investors and analysts weigh the knock-on effects of prolonged regional conflict, softer property sentiment and the possibility that stress in real estate could begin feeding through to bank balance sheets. Estimates compiled by Visible Alpha, part of S&P Global Market […]

Arabian Post Staff -Dubai A three-way alliance between the International Monetary Fund, the World Bank Group and the International Energy Agency has opened a new front in the battle against the widening energy and economic turmoil linked to the war in the Middle East, with the institutions agreeing to form a coordination group to help governments manage price shocks, funding strains and supply disruptions. The move, announced […]

Arabian Post Staff -Dubai Majid Al Futtaim has launched Ma’an, a new initiative with Dubai SME that opens parts of its retail, leisure and digital network to homegrown businesses across the UAE, giving selected small enterprises free access to high-footfall venues including Mall of the Emirates, THAT Concept Store, VOX Cinemas, Carrefour and the group’s SHARE loyalty ecosystem. The programme was announced on 1-2 April and positions […]

By Dr. Gyan Pathak While world’s untaxed wealth of the richest 0.1 per cent hidden offshore surpasses entire wealth of the poorest half of the humanity, India remains the receiver of the highest number of the regressive tax recommendations by the International Monetary Fund (IMF) that increases tax burden on the lower-income households more than […]

The article India Gets Highest Number IMF’s Advice To Tax Lower-Income Households More appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

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