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Perp DEX trading volumes retreat amid softer crypto mood

Trading activity across major perpetual-futures decentralized exchanges has weakened, with key protocols reporting lower volumes as market sentiment across digital assets shows persistent strain. Data compiled by industry trackers indicates that the leading perpetual DEX, Hyperliquid, saw its trading volume fall by about 15.5 per cent over one 24-hour period, even as it remained by far the largest venue by daily activity. Hyperliquid processed roughly $60.3 billion […]

Parkin seeks tariff rise from RTA

Arabian Post Staff -Dubai Dubai’s largest paid public parking operator has asked the Roads and Transport Authority to revise its tariff grid and seasonal card structure, a move that could lift the weighted average fee motorists pay across the city. Parkin confirmed on Wednesday that it submitted a formal request to the RTA earlier this month, proposing adjustments to standard parking charges and to the pricing of […]

Cooler spell and showers forecast across UAE

Light rainfall and a dip in temperatures are expected across parts of the UAE early next week, as forecasters point to unstable weather conditions developing over the country. Authorities have advised residents and mariners to monitor updates, with maritime activity set to be affected by rougher seas in the Arabian Gulf by nightfall. The National Center of Meteorology has indicated that cloud cover will increase over coastal […]

Consumers push FedEx and Ray-Ban to refund tariff costs

A wave of class-action lawsuits filed by individual customers against large corporations has brought Washington’s tariff reversal into a new legal front, as shippers and retail buyers press for restitution of fees they say were unlawfully imposed. Plaintiffs have targeted delivery giant FedEx and eyewear maker EssilorLuxottica, which owns the Ray-Ban brand, arguing that costs passed on to consumers after a Supreme Court ruling invalidating former President […]

Festive Travel Surges on Airbnb as Searches by Malaysian Travelers Jumped Over 200% For Ramadan

Wear OS update enables standalone quake alerts

Google has upgraded its Wear OS platform to allow smartwatches to receive earthquake alerts independently of a paired smartphone, expanding a safety feature that until now relied largely on a connected handset. The update, delivered through Google Play Services, enables compatible Wear OS devices to display earthquake warnings even when they are out of Bluetooth range of a phone or temporarily disconnected. The change means users wearing […]

Ellah Lakes public offer falls short as agri-expansion plans move forward

Ellah Lakes Plc, the Lagos-listed agro-industrial group, confirmed its bid to raise up to ₦235 billion through a public offer for subscription did not reach the minimum subscription threshold required to proceed with share allotment, leading to a full refund of investor funds. The offer, which targeted up to 18.8 billion ordinary shares priced at ₦12.50 each, opened in November and closed in December but failed to […]

Russia escalates legal assault on Telegram founder

Moscow’s Federal Security Service has opened a criminal investigation into Telegram founder and chief executive Pavel Durov, accusing him of aiding and abetting terrorist activities linked to widespread content on the messaging platform and alleging refusal to cooperate with law enforcement. State-affiliated media in Moscow published material this week stating that the investigation falls under Russia’s criminal code provisions on assistance to terrorism, a charge that carries […]

Gold gains as dollar eases amid tariff unease

Gold prices firmed in early trade on Thursday as a softer dollar and renewed demand for defensive assets lent support, with investors assessing signals from Washington on tariffs and monitoring diplomatic exchanges between the United States and Iran. Spot gold rose 0.4 per cent to $5,192.28 per ounce by 0500 GMT, extending gains after touching a more than three-week high earlier in the week. US gold futures […]

AI slip-ups jar gamers as studios cut costs

Artificial intelligence is triggering frustration across the video game industry as developers deploy automated tools to reduce budgets, only to face backlash from players who say quality and creativity are suffering. Studios under financial strain are increasingly turning to generative AI to assist with coding, artwork, dialogue and quality assurance. While executives argue the technology speeds up production and lowers costs, gamers have highlighted glitches, awkward scripts […]

Parkin’s Dubai revenues and profit climb on paid parking expansion

Arabian Post Staff -Dubai Parkin Company PJSC, Dubai’s principal paid public parking operator, closed the final quarter of 2025 with its strongest earnings performance to date, propelled by an aggressive expansion of paid-for parking spaces and a strategic tariff overhaul that has reshaped the city’s urban mobility revenue landscape. The firm reported a net profit of Dh183.6m for the fourth quarter of 2025, a 53 per cent […]

Congo peatlands found venting ancient carbon

Vast peatlands beneath the Congo Basin’s blackwater lakes are releasing carbon that has been locked away for millennia, according to new scientific findings that raise fresh concerns about the stability of one of the planet’s largest tropical carbon stores. Researchers studying Africa’s most extensive tropical peat complex have identified that a notable share of carbon dioxide escaping from the region’s dark, tannin-rich lakes originates from ancient peat […]

Amazon Games to close Glowmade’s King of Meat

Amazon Games has confirmed that its online multiplayer title King of Meat, developed by UK-based Glowmade, will cease operations on 9 April 2026, less than six months after its launch as an ambitious co-op dungeon crawler and party platformer. The move follows sustained low player engagement, with the title removed from digital storefronts and refunds being offered to all purchasers, marking a swift reversal from its high-profile […]

US-China Rivalry Suddenly Intensifies In Bangladesh As Tarique Takes Over As PM

The bullish case for the Ferrari ADR in New York!

Matein Khalid I dedicate this post to my dear friend Abdulla Saeed Al Naboodah who has Ferrari in his spirit, bloodstream as well as in his garages. I went gaga on the Ferrari IPO in 2015 as I viewed the world’s preeminent luxury car maker as unique since it restricted supply to an elite global community rather than peddled product to any joe who could afford a […]

Trump rebuts Pentagon concerns over Iran

Arabian Post Staff -Dubai   President Donald Trump dismissed reports that the Pentagon harbours concerns about the feasibility of a prolonged military campaign against Iran, declaring that he alone would decide on any course of action while reiterating his preference for a negotiated settlement. “Everything that has been written about a potential war with Iran has been written incorrectly, and purposefully so,” Trump wrote on social media […]

Bitcoin faces cascade below $60,000

Bitcoin is hovering near the $60,000 threshold after a sharp weekly slide, with derivatives data indicating that a decisive break lower could unleash as much as $2.2 billion in forced liquidations across major exchanges. The world’s largest cryptocurrency has retreated from highs above $70,000 reached earlier this quarter, shedding momentum as risk appetite across global markets softens. Trading desks report heightened volatility and thinning order books around […]

Blizzard paralyzes US northeast with bans and flight chaos

Storm-related travel bans, widespread flight cancellations and severe blizzard conditions have thrown daily life into disarray across large swathes of the northeastern United States, disrupting transportation networks and leaving hundreds of thousands without power. Authorities in major cities including New York enforced bans on non-essential road travel, while some states declared states of emergency as heavy snow and fierce winds battered the densely populated East Coast. New […]

ESG investing isn’t dead. It’s evolving under pressure.

In recent months, headlines proclaiming the death of ESG investing have grown louder. From record fund outflows to political pushback in the United States, it’s easy to fall into the narrative that the environmental, social and governance approach to investing has run its course. Those stories, however, miss the deeper reality. ESG is not dead, it’s adapting to a more complex market environment and evolving client expectations. […]

Air India cancels New York and Newark flights amid East Coast blizzard

Air India has scrapped all its flights to and from New York City and Newark Liberty International Airport for both Monday, 23 February and Tuesday, 24 February, citing a powerful winter storm bearing down on the US East Coast that has forced widespread travel disruption and grounding of services. The airline said heavy snow, strong winds and hazardous conditions forecast across New York, New Jersey and adjoining states would significantly disrupt airport operations, prompting a precautionary halt to services to prioritise passenger and crew safety.

The cancellations form part of a wider aviation standstill triggered by one of the most intense nor’easter systems to sweep the Northeast this season. The National Weather Service has issued blizzard warnings stretching from Delaware through to Massachusetts, including the New York metropolitan area, where forecasters expect between 30 cm and 61 cm of snow, strong gusts and white-out conditions that threaten to make travel perilous. Municipal authorities have imposed travel bans on non-essential movement and activated emergency measures to cope with the storm’s impact.

Air India’s travel advisory advised travellers booked on affected services to contact the carrier’s support teams for rebooking and assistance, underscoring the airline’s efforts to manage disruption for customers despite the operational freeze. Dedicated ground teams have been deployed at airports to help passengers with alternative arrangements and support. The move mirrors actions by other international carriers, with Emirates and Etihad also cancelling flights to US destinations as the storm hobbles aviation corridors between the Middle East and the United States.

The storm system, dubbed a blizzard by weather authorities, has shut down road travel across much of the Northeast. New York City’s mayor has ordered a citywide ban on non-essential travel during peak weather, while neighbouring New Jersey and several states along the Eastern Seaboard have declared states of emergency, mobilising snow-clearing crews and National Guard units. Public transit services, including buses and commuter rail, face severe curtailments as snowfall rates surge.

Across the region, airports have reported thousands of flight cancellations and delays as shuddered operations ripple outward from the hardest-hit hubs. Alongside Air India’s transatlantic cancellations, major carriers have pulled back services at John F. Kennedy, LaGuardia and Boston Logan International Airports, where airlines have warned passengers to expect prolonged disruption as crews and infrastructure teams work to clear runways and de-ice aircraft.

The National Weather Service’s warnings reflect the storm’s scale. Blizzard alerts encompassing New York City mark the first of their kind in several years for the area, with forecasters noting that coastal flooding, damaging winds and snow loads that can down power lines are all present within the storm’s profile. Some jurisdictions are anticipating snow accumulations that could eclipse seasonal norms, heightening concerns over transportation and emergency response capabilities as attention turns to post-storm recovery.

The pattern of disruption emerging from this event follows a string of significant winter weather episodes across North America in recent weeks, including powerful storms earlier in the winter season that had already stressed transport networks and emergency services. This latest system’s timing and intensity compound logistical challenges for travellers and carriers alike, with airlines adjusting timetables, offering refunds and reshaping schedules as conditions evolve.

AI bot misfires gifting memecoin fortune

An automated crypto trading bot transferred tokens worth about $450,000 to a social media user after misreading a post seeking a small sum for medical treatment, triggering debate over the risks of linking artificial intelligence systems directly to blockchain wallets. The bot, known as “Lobstar Wilde”, had been operating on X as an experimental, autonomous trader designed to interact with users, analyse sentiment and execute on-chain transactions. […]

UK faces fallout from Trump tariff shift

Britain’s much-trumpeted trade understanding with Washington is under mounting strain after a United States Supreme Court ruling curtailed key elements of President Donald Trump’s tariff authority, raising the prospect that the UK could emerge as one of the most exposed partners in a rapidly changing trade order. For months, ministers in London had pointed to preferential access secured under a revised bilateral framework with the White House, […]

Blizzard threat grips US East Coast

More than 40 million people across the eastern United States were under blizzard warnings as a powerful winter storm pushed towards the Atlantic seaboard on Sunday, threatening to dump up to two feet of snow and unleash fierce winds from the Mid-Atlantic to New England. Forecasters warned that the system, driven by a rapidly intensifying low-pressure area offshore, could rank among the most significant winter storms to […]

Hungary warns of EU sanctions veto

Hungary has threatened to block the European Union’s 20th package of sanctions against Russia, escalating tensions within the bloc as Budapest links its support to the resumption of Russian oil deliveries. The warning underscores deep divisions in Brussels over how far to push punitive measures against Moscow while safeguarding member states’ energy security. Prime Minister Viktor Orbán’s government has indicated it could withhold approval for fresh restrictions […]