Court Cast

US Trade Court Clips Trump’s Tariff Push, But Leaves Most Duties Standing

3 minutes of reading

A fresh judicial setback has landed on President Donald Trump’s trade agenda, with a U.S. trade court declaring his recently imposed 10% global tariffs unlawful under a decades-old trade statute. Yet the ruling stopped short of dismantling the policy nationwide, limiting relief to only a handful of challengers. The decision from the U.S. Court of …

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Lesha Bank Expands Into Qatar’s School Sector With $53 Million Sharaka Deal

1 minute of reading

Qatar’s financial sector is making a deeper push into education, with Lesha Bank moving to secure a controlling position in Sharaka Education Holdings in a transaction valued at nearly 192.5 million Qatari riyals ($53 million). The Doha-listed bank said the acquisition will be carried out through its subsidiary, LB for Educational Services WLL, which is …

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Gulf Equities Advance as Earnings Cheer Markets, Iran Diplomacy Hopes Add Momentum

2 minutes of reading

Stock markets across the Gulf traded higher on Thursday, with investors drawing confidence from a wave of upbeat corporate earnings and renewed speculation that tensions between Washington and Tehran could ease in the coming weeks. Saudi Arabia’s main index edged up 0.2%, helped by a strong rally in energy and technology-linked stocks. ACWA Power climbed …

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Emirates Defies Regional Turbulence With Highest-Ever Annual Profit

2 minutes of reading

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

2 minutes of reading

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

2 minutes of reading

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

2 minutes of reading

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

3 minutes of reading

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

3 minutes of reading

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

3 minutes of reading

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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