Business
ISLAMABAD: Gold prices held steady on Thursday as investors weighed a fragile U.S.-Iran ceasefire, preparations for talks in Islamabad and a fresh round of U.S. inflation data that could shape the Federal Reserve’s next move on interest rates. The metal stayed range-bound after a…
TOKYO: Japan’s Nikkei share average fell on Thursday as investors pulled back after a powerful relief rally, with renewed concern over Middle East tensions and higher oil prices prompting a more defensive tone across the Tokyo market. The Nikkei 225 closed down 0.73% at…
TOKYO: Japan posted a current account surplus of 3.93 trillion yen, or about $24.8 billion, in February, as strong returns on overseas investments helped offset softer trade-related gains and a continued shortfall in services. Preliminary balance of payments data released by the Ministry…
BEIJING: China’s foreign exchange reserves fell to $3.3421 trillion at the end of March, official data showed on April 7, as a stronger U.S. dollar and weaker prices for major global financial assets weighed on the value of the country’s reserve holdings. The March…
Technology
NEW DELHI: India is preparing a new fund worth more than 1 trillion rupees, or about $11 billion, to support domestic semiconductor production, according to a report published Thursday. The report said the proposed funding would provide subsidies for chip design projects, manufacturing equipment and the development…
Automotive
MENA Newswire, ATLANTA: Mercedes-Benz USA has unveiled the 2027 S-Class Sedan as a major update to its flagship luxury sedan, adding new lighting signatures, a revised cabin technology stack and expanded personalization choices. The automaker said the model introduces an illuminated front grille with three-dimensional chrome star accents, and for the first time…
Entertainment
Lifestyle
Fresha, a leading global booking platform for lifestyle services, announced today that it has secured a $31 million investment from JP Morgan to enhance its machine learning and AI-driven robotics capabilities. This financial backing will enable Fresha to innovate further within its technology stack, aiming to streamline…
Adidas Originals and Highsnobiety, a prominent platform in fashion, design, and culture, have announced the launch of their limited-edition HIGHArt Campus sneaker. This collaboration represents a fusion of art and style, as Highsnobiety’s HIGHArt, an online showcase of products and stories, inspires the design of these unique…
In a world where we are inundated with options for almost everything, the name Starbucks stands out as the epitome of coffee culture, connecting billions of people across diverse geographies. How did a single coffeehouse chain from Seattle gain the global notoriety it has today? The answer…
On August 23, which would have been Kobe Bryant’s birthday, Nike released a revamped classic: the Kobe 8 Protro Halo. This shoe isn’t just another pair of kicks — it’s a tribute to a basketball legend and his “Black Mamba” identity. The release was made even more poignant as Vanessa…
Fashion is not merely an industry, but a reflection of society’s heartbeat at any given point in history. From the streets of Paris to the runways of Milan, fashion is a universal language spoken with fabrics, patterns, and trends. But with terms like ‘label’, ‘luxury’,…
The world’s most immersive mega-coaster, Mission Ferrari, will debut at Ferrari World Abu Dhabi on 12th January, 2023. As a result of this new addition, the World’s Leading Theme Park will offer even more Ferrari-inspired rides and attractions for adults and children alike. The highly…
Luxury
MENA Newswire News Desk: The personal luxury goods market, long seen as resilient against economic uncertainty, is witnessing a significant contraction for the first time since the Great Recession. According to Bain & Company’s annual luxury report, global sales are projected to decline by 2% this year, driven by falling consumer confidence, surging prices, and shifting buyer priorities.…