Latest economy news, business developments, financial market updates, investment insights, entrepreneurship trends, and expert economic analysis from the Arab World and around the world. Stay informed about the economic issues shaping businesses, industries, markets, and public policy.
Fifa is under investigation over its ticket pricing ahead of the 2026 World Cup. The attorneys general of New York and New Jersey are investigating the association over allegations of “artificially inflating prices” and “misleading fans” over the sale of tickets. Fans have reportedly been “misled” about the location of seats, including through the creation…
Concern about rising prices has reached a fever pitch. A majority of Democrats, Republicans and independents said that they had changed their purchases from grocery stores to stay within budget in the last several months, according to polling from CNN. Another 59 percent of Americans said they had cut back on extras and entertainment. More…
It’s no secret that gross domestic product, the number that serves as a measure for economic progress around the world, is hardly a barometer of human flourishing. It registers the harvest of a forest as timber income, for example, without recognizing the resulting erosion and water quality degradation. It measures spending on hospitals, but not…
Early in the current season of “For All Mankind,” the Apple TV series about a hypothetical America shaped and defined by space exploration, a bar owner is cited for putting a barrier between his watering hole and a public walkway. He argues with the police, who smile and give him a ticket anyway. It’s an…
“The thinking now is to basically get small wins, small successes here and there, instead of these mega projects,” says Abdullah. “Like, for example, the Red Sea island resort of Sindalah could be one small win that they can promote, which is basically a very traditional style of resort, which can still be presented as…
Los Angeles is the birthplace of modern skateboarding, a city so chock-full of spots that whenever I leave the house for an errand or crosstown meeting, I scan the landscape looking for handrails and schoolyards I recognize from old skate videos. But four years after moving to the city, I have yet to skate any…
Ryanair has prepared for an “armageddon situation,” amid the jet fuel crisis, the budget airline’s chief financial officer told CNBC Monday. “Do we have plans for some kind of Armageddon situation? Of course, we do, but I don’t see that coming to pass. As things stand, we’re operating a full schedule this summer, and plan…
When Spirit Airlines shut down before dawn on May 2, work for pilot Steve Giordano was just beginning. Giordano, managing partner of the Nomadic Aviation Group, told CNBC he organized a massive repossession of more than 20 Spirit planes that lessors wanted returned. In just over a week, he said he and his team ferried…
Over the past three weeks, Elon Musk and his lawyers have argued in a California federal court that Sam Altman – with whom he founded OpenAI – has swindled him out of millions of dollars and reneged on the ChatGPT-maker’s original non-profit mission. Musk and Altman themselves testified in a case in which the future…
After workers in Kenya, tasked with watching videos made through Meta’s glasses to create AI training data for the company, said they were being required to watch graphic content like sex and bathroom usage, people who own the glasses filed two lawsuits. In one, people said they had no idea such videos had been made….
