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US credit rating downgraded

US credit rating downgraded from AAA by Fitch

The US is now rated AA+ by Fitch, one step below AAA, and the assessor has a stable outlook on the country

Donald Trump indicted over attempt to overturn Georgia 2020 Presidential election results

Donald Trump indicted over attempt to overturn 2020 US Presidential Election

Trump is accused of four felony counts in the grand jury indictment announced by Special Counsel Jack Smith

Twitter

Twitter changes logo to X, bids ‘adieu’ to its blue bird

Twitter’s brand toolkit page on its website calls the light-blue bird its most recognisable asset but that looks to change imminently

Nothing

Nothing 2 first impression: A $600 device rethinks how the back of your smartphone can look

Nothing was co-founded by Carl Pei of OnePlus, which makes quality phones with top specs at affordable prices

TITAN

Lost at sea: Titan submarine ‘imploded’, passengers confirmed dead

Titan’s passengers are confirmed dead after the US Coast Guard said debris found indicated their ship suffered a “catastrophic implosion”

Musk and Zuckerberg cage fight

Clash of the tech titans: Elon Musk challenges Mark Zuckerberg to ‘cage match’

The tech bosses have agreed to a ‘cage match’ after an exchange on their respective social media platforms

TITAN

Titanic sub search calls in lifting gear in race against time

As equipment and more vessels race to the search area, the hunt for Titan has zeroed in on unidentified noises detected underwater

Titan submersible by OceanGate

What it’s like on board the missing Titanic submersible

Extensive rescue operations are currently underway, with the Titan’s air supply thought to last a little under 40 hours

hurricane season upon us

New York has world’s worst air pollution as Canada wildfires rage

Smoke blowing in from wildfires raging across Canada’s provinces have blanketed the city in haze

Antony Blinken in Saudi Arabia

Antony Blinken meets Crown Prince Mohammad bin Salman in Saudi Arabia

The visit by the US State Secretary builds on President Biden’s visit to Saudi Arabia in 2022

Prince Khaled’s KBW Ventures invests in US-based foodtech startup

The funding round will help Black Sheep Foods scale up production for its debut lamb made from plants

Honda battery plant

Honda, LG will build $4.4bn EV battery plant

The duo will set up a joint venture for the plant with construction starting early 2023

Emirates Mexico

Dubai’s Emirates ramps up frequencies to Mexico with daily service

The Dubai-Barcelona-Mexico route is operated with a two-class Emirates Boeing 777-200LR

World Cup

New York, Miami among cities hosting 2026 FIFA World Cup matches

The US last hosted the World Cup in 1994, an event that gave rise to Major League Soccer

US President

US President to visit Saudi Arabia in July

Joe Biden will visit the country on July 15-16

Saudi Aramco

Saudi Aramco becomes world’s most valuable stock as Apple drops

Earlier this year, Apple boasted a market value of $3tn, about $1tn more than Aramco’s

Cover story: Dubai-based lawyer Shai Zamanian on how he is helping people migrate to the US

Zamanian aims to support families worldwide via immigration to the US. Here’s how he is bringing his goal to fruition

OPEC+ warns of response as Biden poised for oil reserve release

The Organization of Petroleum Exporting Countries and its allies will meet on December 2

New Arcapita venture to invest $2bn in US warehouses

The goal is to grow the portfolio to as much as $2bn in gross asset value across the top 25 US industrial markets

GlobalFoundries, Mubadala raise $2.6bn in top-of-range IPO

The listing is the third biggest on a US exchange this year

The US replaces China as world’s biggest Bitcoin miner

At the end of August, America accounted for 35.4 per cent of the global hash rate

Biden resists Afghan deadline pressure but seeks backup options

Biden promised his administration would spell out on Wednesday how many Americans remain in Afghanistan

Oil holds decline as investors track delta’s spread across China

West Texas Intermediate was slightly higher after slumping 3.6 per cent on Monday

Haiti president Jovenel Moise

Haiti’s President Moise assassinated in night attack on his home

First Lady Martine Moise was injured and is in the hospital

US issues new UAE travel advisory

The CDC issued a Level 4 Travel health notice for the UAE on Monday

Dubai investment firm FIM Partners considers raising SPAC

EFG Hermes agreed to buy a stake in FIM Partners in 2017

Johnson & Johnson Vaccine Administered At Colorado Fire Department

US recommends pausing J&J vaccinations on clotting concern

As of April 12, more than 6.8 million doses of the vaccine have been administered

Oil steady near $59 as Fed’s Powell points to economic growth

Futures in New York traded near $59 a barrel after dropping 3.5 per cent last week

Mubadala discusses GlobalFoundries IPO at $20bn value

Technology companies have already raised $20bn in US IPOs this year

Biden reverses Trump travel ban, halts wall construction

The new president issued a proclamation ordering a stop to construction of Trump’s wall along the border with Mexico