A Rhode Island federal judge has ordered the Trump administration to immediately restore full food aid for over 42 million Americans, blasting it for attempting to slash Supplemental Nutrition Assistance Program (SNAP) benefits amid an ongoing government shutdown. Judge John McConnell, presiding from Providence, said the administration’s plan to issue reduced benefits was “politically motivated” …
After more than ten years away from the syndicated loan market, UAE-based Mashreqbank is making a high-profile return—this time with strong Asian participation in a $1.5 billion dual-tranche facility. The deal is structured in two parts: a $1 billion three-year tranche and a $500 million five-year tranche, complete with an accordion option for future expansion. …
Mashreqbank Reenters Global Loan Arena with $1.5 Billion Asia-Backed Facility Read More »
Gulf International Bank – Saudi Arabia (GIB KSA), a key investment arm supported by the kingdom’s sovereign wealth giant, the Public Investment Fund (PIF), has made a strong market entrance with its first-ever Additional Tier 1 (AT1) bond. The bank priced its $500 million perpetual non-call 5.5-year AT1 bond at par, locking in a 6.625% …
Saudi-Backed GIB Raises $500 Million in Landmark AT1 Bond Debut Read More »
Abu Dhabi’s International Holding Company (IHC) has once again flexed its financial muscle — reporting a stunning 53% leap in third-quarter profit, driven by surging revenues across its sprawling empire. The powerhouse conglomerate pulled in AED 8.7 billion ($2.37 billion) in net earnings for the quarter, with revenue soaring 34.6% to AED 29.9 billion compared …
IHC’s Profit Machine Powers Ahead: Abu Dhabi Giant Posts $2.4 Billion Q3 Surge Read More »
Google has finally loosened its grip on the Android kingdom. In a landmark settlement with Fortnite creator Epic Games, the tech giant has agreed to tear down some of the barriers that have long frustrated developers and fueled antitrust battles. Filed in a San Francisco federal court, the proposal marks the possible end of a …
Google Bends, Epic Cheers: Android’s App Store Walls Begin to Crack Read More »
The U.S. Supreme Court found itself at the center of an economic and constitutional storm as justices from both ideological wings challenged the legality of former President Donald Trump’s sweeping global tariffs—a policy that has reshaped America’s trade posture and stirred global markets. For more than two hours, the court dissected whether a decades-old law …
Supreme Court Weighs Trump’s Global Tariffs, Questions Presidential Power Over Congress Read More »
A federal judge in Chicago has drawn a hard line on what he called “unconstitutional and inhumane” conditions at a suburban immigration facility, ordering federal officials to clean up their act—literally. The ruling, issued by U.S. District Judge Robert Gettleman, came after detainees at the Broadview, Illinois, holding center described squalid cells, filthy toilets, and …
The U.S. Senate has confirmed Eric Tung — a conservative legal mind shaped under the tutelage of Justices Neil Gorsuch and the late Antonin Scalia — to the influential 9th U.S. Circuit Court of Appeals, marking President Donald Trump’s first appointment to the San Francisco-based court in his second term. With a 52–45 vote, the …
Trump’s Bench Legacy Expands West: Eric Tung Joins the 9th Circuit Read More »
WASHINGTON — The Trump administration has nullified roughly 80,000 non-immigrant visas since taking office in January, part of an expansive clampdown on foreign nationals accused of crimes ranging from minor offenses to serious assaults. A senior State Department official confirmed the numbers, noting that visa revocations have spanned categories such as driving under the influence …
Trump Administration Cancels 80,000 Visas in Sweeping Crackdown on Non-Immigrant Holders Read More »
WASHINGTON — The U.S. Supreme Court rarely feels this crowded in the middle of a government shutdown. But on Wednesday morning, the marble chamber buzzed with energy as Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick joined a packed gallery to witness the legal fate of Donald Trump’s tariffs play out before nine black-robed …
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