McDonald's is moving its non-US tax headquarters to the UK from Luxembourg. It's a boost for the government as it tries to attract international investment despite Brexit. McDonald's says it's chosen the UK because of the high levels of staff it has in London. Richard Truer from stockbroker Hargreaves Lansdown says it's a significant move.
Tesla to pull the plug on Cybertruck after years of poor sales
Tesla will wind down Cybertruck production at its Texas gigafactory around mid-2027, CEO Elon Musk said on Friday, after years of persistently weak sales for a futuristic model once touted as a rival to legacy pickup trucks.
Investors wipe $2.5 trillion off Nasdaq as blue tsunami prompts AI fears
Tech-led Nasdaq has notched its deepest one-day drop since ‘Liberation Day’ in April 2025, wiping out trillions in market value on fears of more AI scrutiny, particularly on data center construction, after Democrats won big in US midterm elections.
Emirates Groups announces AED4.1 billion pre-tax profit in H1 2026
The Emirates Group has posted a profit before tax of AED 4.1 billion ($1.1 billion) for the first six months of 2026-27, despite disruptions and high fuel prices due to the regional conflict.
Disney's Pixar names Jonathan Garson president as Jim Morris steps back
Pixar Animation Studios announced on Wednesday that veteran Jonathan Garson will become president on January 4, replacing Jim Morris, who will step back from day-to-day leadership ahead of his eventual retirement.
DIP Holding places final IPO price
The final offer price for DIP Holding’s initial public offering (IPO) has been set at AED 1.12 per share following stronger investor demand.
The National Drug Enforcement Authority, in coordination with security forces in the UAE and Iraq, foiled an attempt to smuggle 200,000 Captagon pills and more than 30 kg of narcotics into the UAE.
The UAE has become the third country in the world to approve Foundayo (orforglipron) for the treatment of adults with type 2 diabetes.
Dubai Police have shut down 33 unlicensed nurseries across the Emirate and arrested 34 operators for violating health and safety standards.
