21 convicted in one of biggest residency visa fraud cases in Dubai, fined Dh25.21 million

Dubai Citizenship and Residency Court found culprits guilty of using 33 fake companies to illegally recruit workers on residence visas

Amazon ranks last again in UK grocery code compliance

Amazon, which sells groceries through its website and Amazon Fresh stores, has been subject to the Code since 2022

U.S. foreign direct investment falls to $52.8 billion in first quarter amid tariff uncertainty

The fall in investment contributes to a widening of U.S. current account deficit, which rises to a record $450.2 billion in the first quarter

Oil prices rise as investors assess Iran-Israel ceasefire

Brent crude futures rise 1.3% to $67.99, US West Texas Intermediate crude gains 1.4% to $65.24 a barrel 

Asia stocks edge up, dollar droops as Middle East ceasefire buoys confidence

Regional stocks flat after relief rally on Wall Street overnight; Ceasefire fragile with Israel vowing response to Iran missiles

China auto industry inflates sales by exporting new cars as ‘used’

The practice only gain national attention after Chinese automaker Great Wall Motor criticized the sale of zero-mileage used cars within China in May

Trump says China can keep buying oil from Iran

China remains the largest buyer of Iranian oil and rejects what it calls Washington’s use of unilateral sanctions

France orders Tesla to stop deceptive business practices

French investigators cite issues with sales contracts missing key delivery information and delays in processing customer refunds

U.S. consumer confidence dips as job market fears and tariff anxiety weigh on sentiment

Confidence index falls to 93.0 amid growing concern over employment prospects, inflation, and uncertain economic outlook

Uber and Waymo launch autonomous ride service in Atlanta

The launch covers a 65-square-mile area of Atlanta and adds to growing efforts to bring self-driving vehicles to more cities

UK pledges Cold War-era defence spending as Starmer warns of wartime threats

New security strategy targets 5% of GDP for defence by 2035; citizens to undergo national resilience drills amid rising global tensions

Trump allows China to resume Iranian oil imports after U.S. strikes, urges purchases from U.S. too

Following U.S. bombing of Iranian nuclear sites and brokered ceasefire, Trump signals easing of oil sanctions for China

Dollar slips in broad risk rally after Trump announces Israel-Iran ceasefire

Euro rises 0.1% to $1.1588, and the yen gains 0.72% to 145.13 per dollar

Gautam Adani denies wrongdoing in response to U.S. bribery charges

The group continues to cooperate with legal processes and has not stepped back despite ongoing scrutiny, says Adani

LNG shipping costs rise to 8-month high on war risk, tight supply

More U.S. cargoes are now being sent to Asia due to similar profit margins for deliveries to both Europe and Asia