Emirates Defies Regional Turbulence With Highest-Ever Annual Profit

Emirates Defies Regional Turbulence With Highest-Ever Annual Profit

Even as conflict rattled Middle Eastern air corridors and fuel costs surged, Emirates managed to close its financial year with the strongest profit performance in its history, underlining the resilience of long-haul travel demand and Dubai’s role as a global aviation crossroads. The Dubai carrier reported a net profit after tax of $5.4 billion for …

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FAB Draws Heavy Demand as Gulf Debt Market Finds Its Footing Again

FAB Draws Heavy Demand as Gulf Debt Market Finds Its Footing Again

The Middle East debt market may be navigating geopolitical turbulence, but investors still lined up eagerly for paper from the UAE’s biggest lender. First Abu Dhabi Bank locked in $700 million through a five-year sukuk deal on Wednesday, attracting orders that climbed beyond $1.5 billion before books closed. The Islamic issuance, structured under a Wakala …

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Cairo Tightens the Clock on State Listings as IPO Drive Faces Pressure

Cairo Tightens the Clock on State Listings as IPO Drive Faces Pressure

Egypt’s push to revive its long-promised state privatisation programme has entered a faster, more demanding phase, with authorities giving a group of government-linked firms until the end of May to line up key advisers for potential stock market offerings. According to officials overseeing the programme, 12 state-owned companies that recently received temporary listings are now …

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Judge Pushes Back as Trump-Era Grant Cuts Face Scrutiny in Boston Court

Judge Pushes Back as Trump-Era Grant Cuts Face Scrutiny in Boston Court

A courtroom in Boston turned into a sharp examination of federal power on Wednesday as a U.S. judge openly questioned whether the Trump administration can simply pull the plug on billions in federal grants whenever political priorities change in Washington. At the center of the dispute is a little-known budget rule the administration says gives …

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Trump DOJ Targets Colorado’s Magazine Cap in Fresh Second Amendment Clash

Trump DOJ Targets Colorado’s Magazine Cap in Fresh Second Amendment Clash

The Trump administration has opened a new legal front in America’s gun-rights battle, filing suit against Colorado over its long-standing restriction on firearm magazines capable of holding more than 15 rounds. The challenge, launched by the U.S. Department of Justice, seeks to dismantle a law Colorado enacted in 2013 after the mass shooting inside an …

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Supreme Court Refuses Apple’s Bid to Freeze Epic Games Contempt Fight

Supreme Court Refuses Apple’s Bid to Freeze Epic Games Contempt Fight

Apple’s long-running courtroom war with Epic Games hit another wall on Wednesday after the U.S. Supreme Court declined to temporarily halt a ruling that found the tech giant in contempt over its handling of App Store payment rules. The decision keeps Apple on a collision course with a federal judge in California who has been …

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Trial Testimony Pulls Back Curtain on OpenAI Power Struggles

Trial Testimony Pulls Back Curtain on OpenAI Power Struggles

A federal courtroom in Oakland turned into a window into OpenAI’s turbulent inner workings this week, as former chief technology officer Mira Murati described a leadership culture she said was marked by confusion, mistrust and competing narratives under CEO Sam Altman. Murati, appearing through recorded testimony in Elon Musk’s lawsuit against OpenAI, told the court …

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Judge Allows FBI to Retain Fulton County’s 2020 Ballots Amid Renewed Election Probe

Judge Allows FBI to Retain Fulton County’s 2020 Ballots Amid Renewed Election Probe

A federal court in Georgia has handed the Trump administration a significant procedural victory by allowing the Justice Department to retain hundreds of boxes of 2020 election ballots seized earlier this year from Fulton County’s election facility. The ruling came from U.S. District Judge J.P. Boulee, who declined to order the return of the records …

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Wall Street Tips, Secret Deal Files and a Decade-Long Trail: US Unveils Massive Insider Trading Crackdown

Wall Street Tips, Secret Deal Files and a Decade-Long Trail: US Unveils Massive Insider Trading Crackdown

A sprawling insider trading operation allegedly fuelled by confidential merger documents stolen from elite law firms has triggered one of the largest securities fraud crackdowns in recent years in the United States. Federal prosecutors in Boston say the network ran quietly for nearly a decade, drawing in lawyers, traders and intermediaries who allegedly turned privileged …

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California Court Signals Caution Over Expanding Liability for Drug Innovation Decisions

alifornia Court Signals Caution Over Expanding Liability for Drug Innovation Decisions

California’s top court appeared reluctant on Wednesday to open the door to a sweeping new legal obligation that could force pharmaceutical companies to continuously pursue “better” versions of already approved medicines. At the center of the dispute is biotechnology giant Gilead Sciences, now facing claims from nearly 24,000 HIV patients who argue the company intentionally …

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