The United Arab Emirates did not qualify for the Qatar World Cup but it will be a winner anyway if an overspill of fans floods its hotels, restaurants and planes.. Any economic windfall, and reflected glory from the first World Cup on Arab soil, will come less than two years after Doha and the UAE were daggers-drawn over a regional blockade that isolated Qatar from its neighbours.
Asian markets dropped at the open on Friday, tracking Wall Street losses as investors continue to exhibit concern over persistently high global inflation and the likelihood of further interest rate hikes.. - Fed expectations - Analysts expect the Fed to continue raising interest rates, in a bid to cool an overheating economy and combat sky-high inflation, which remains near decades-highs in major economies.
Ukraine has lost nearly 15 percent of its grain storage capacity in the war with Russia, threatening its role as a key food supplier to the world, a new report said Thursday.. "Russia and Russia-aligned forces' damage and seizure of Ukrainian crop storage capacity threatens to turn Ukraine's current agricultural crisis into catastrophe," the report said.
Yvon Chouinard built an empire with his outdoor gear brand Patagonia, but the nature enthusiast has never done business like anyone else.. "Earth is now our only shareholder," Chouinard said in a letter posted on the Patagonia website.
Kanye West told Gap on Thursday he was unilaterally severing his partnership with the retail brand and had plans to open his own stores.. "Ye will now promptly move forward to make up for lost time by opening Yeezy retail stores."
The Biden administration announced plans on Thursday to expand the use of wind energy by building floating offshore wind platforms.. The Biden administration has previously announced a goal of deploying 30 gigawatts of offshore wind energy by 2030.
A jersey worn by basketball legend Michael Jordan during Game 1 of the 1998 NBA Finals, his last title victory, sold for a record $10.1 million Thursday, Sotheby's said.. The previous record for a game-worn basketball jersey was for one autographed by Kobe Bryant, who wore it in 1996-97.
The threat of a global recession is growing as central banks focus on bringing down soaring inflation rates, the World Bank warned Thursday, calling on governments to help boost supply to ease the constraints behind rising prices.. But in a new paper, World Bank economists warned that the actions may not be enough to bring high prices under control, leading to a need for more interest rate hikes, which in turn will put the brakes on growth.
TikTok on Thursday added an authenticity feature that has been a winner for French app BeReal, taking a page from Meta's playbook by copying a rival.. Instagram-parent Meta has a history of copying features such as ephemeral photos and live streaming video that proved hits with users of rival apps, bolstering the appeal of its platform while fending off competition. gc/sw
Britain on Thursday announced an "in-depth investigation" into Microsoft's planned $69-billion takeover of US gaming giant Activision Blizzard, citing UK competition concerns.. "The CMA has referred the anticipated acquisition by Microsoft Corporation of Activision Blizzard, Inc. for an in-depth investigation," a statement said.
