Ford has announced that it will layoff around 200 staff from one of its plants in Canada.
The American carmaker said workers at their Oakville, Ontario manufacturing site will be let go in September.
They also said more layoffs could be announced in January.
In total, around 4,600 people work at Ford's Oakville plant.
UAE lists second Sovereign Retail T-Sukuk on Nasdaq Dubai
The Ministry of Finance has announced the official listing and commencement of secondary-market trading for its second five-year Sovereign Retail T-Sukuk on Nasdaq Dubai on Friday, following the successful completion of subscription, allocation, and settlement.
Abu Dhabi invests AED 300 million to advance public transport
Abu Dhabi has announced plans to invest AED 300 million to upgrade its public transport system with smart tech.
Paramount gets court green light on Warner Bros deal
A US judge has entered an order on Wednesday allowing Paramount to close its $110 billion acquisition of Warner Bros., ending a months-long holdup, as the company named Mattel's Ynon Kreiz as co-CEO to help run the combined business.
Google announces Gemini 4 flagship AI model after months of delays
Alphabet's Google has announced a new top-tier artificial intelligence model to anchor its Gemini 4 generation of models on Wednesday in a fresh bid to catch up to rivals Anthropic and OpenAI in the AI race.
UAE budget strategy targets efficiency and future readiness
The UAE General Budget Committee has reviewed the draft federal budget framework for the 2027-2029 fiscal period as part of preparations for the government's next medium-term strategic plan.
Dubai Police have arrested 14 members of an international criminal network and foiled an attempt to smuggle drugs, weighing 2.3 tonnes and estimated to be worth over AED 115.1 million, hidden inside 113 cartons.
The UAE has strongly condemned a Houthi drone attack on the Taiba power distribution station in Madinah, Saudi Arabia.
An Emirates flight from Dubai to London Heathrow was diverted to Frankfurt due to a medical emergency involving a passenger onboard.
