Cash strapped Indian airline Jet Airways has stopped all operations after failing to get a fresh bailout package.
The airline has $1.2 billion in outstanding debt and had cut down its 123 plane fleet to just 5 aircraft before ceasing all operations.
Neha Poonia reports:
China to impose tariffs of 34% on all US goods
China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.
Shares bruised, dollar crumbles as Trump tariffs stir recession fears
Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.
Wall Street futures sink as tariffs fuel recession fears
US stock index futures tumbled on Thursday after President Donald Trump's sweeping tariffs on major trade partners heightened fears of an all-out trade war that could push the global economy into a recession.
Trump to impose 10% tariff on UAE, Saudi Arabia imports
The UAE and Saudi Arabia will face a universal 10 per cent tariff on imports under US President Trump's sweeping duties on dozens of countries.
UAE tops global entrepreneurship rankings for 4th straight year
The UAE has been ranked first globally for the fourth consecutive year in the latest Global Entrepreneurship Monitor (GEM) report.
Dubai Police announced on Friday it arrested 222 beggars during Ramadan and Eid, after a campaign was launched under the slogan “An Aware Society, Free of Begging,” in partnership with other government entities.
Drivers will have to pay more for parking in some parts of Dubai starting Friday, with premium rates starting at AED 6 an hour.
The UAE's search and rescue team is continuing its relief efforts in Myanmar following the recent earthquake.
