Baker Hughes is working under the assumption that the Strait of Hormuz may not fully reopen for months, a senior executive at the influential oilfield services firm said Friday. Baker is assuming in its financial guidance that the U.S.-Iran conflict continues through the end of June and the strait may not be fully operational until the […]
Dubai has eased requirements for its two-year property-linked residency visa, removing the minimum property value for sole owners while introducing a Dh400,000 minimum share per investor for jointly owned assets. The update, issued by the Dubai Land Department (DLD) through its Cube platform, replaces the earlier Dh750,000 threshold for individual buyers with a more flexible ownership-based […]
Brent crude oil prices surged above $120 per barrel on Thursday after US President Donald Trump said the naval blockade of the Strait of Hormuz will continue until Iran agrees to a deal with the United States. In an exclusive interview with Axios on Wednesday, Trump said the blockade is being used as a key […]
Saudi Arabia’s Ministry of Interior Saudi Arabia has reiterated that expatriates who overstay their entry visas will face strict penalties, including up to six months in prison, fines of up to SR50,000 and deportation. In a statement, the ministry urged all visitors to comply with regulations governing this year’s Hajj season, underscoring the importance of […]
Electric car giant BYD has become the first Chinese business to be raised in the European Parliament over allegations of labor abuses in Hungary, CNBC has learned, following a watchdog’s investigation into working conditions at the site. Contractors hired to build BYD’s factory in Hungary allegedly kept thousands of employees working seven days a week, […]
King Charles and Queen Camilla arrived at the White House on Monday for a state visit in Washington, a city still rattled by a weekend shooting and a transatlantic alliance showing fresh signs of strain. British flags could be seen lining lamp-posts outside the White House, where Donald Trump and the first lady, Melania Trump, greeted Charles and […]
Japan’s famously conscientious but overburdened baggage handlers will soon be joined by extra staff at Tokyo’s Haneda airport – although their new colleagues will need to take regular recharging breaks. Japan Airlines will introduce humanoid robots on a trial basis from the beginning of May, with a view to deploying them permanently as a solution […]
This summer’s World Cup will be a “bonanza of sportswashing” according to human rights organisations, who claim the Trump administration is using sport as a political tool to “cover up abuses”. With supporter groups warning they have “absolutely no clue” what will happen to fans if they do “stupid stuff” in the US during the tournament, the […]
Michael, the big-budget Michael Jackson biopic, has shrugged off bad reviews and a troubled production to launch with a $97m opening in North American theaters, contributing to its enormous $217m (£160m, A$303m) worldwide box office and shattering the record for the biggest biopic opening of all time. The film, a highly authorised portrayal of the […]
If you’re a rich and famous star, chances are you have no problem affording things like soap, shampoo, and deodorant, right? With the money a Hollywood paycheck racks in, cleanliness seems a small cost to pay to keep up red carpet appearances. Some A-listers aren’t so convinced, however, and it may surprise the public to […]
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