Business
NEW YORK: U.S. stocks finished lower on Friday, Feb. 27, as a broad selloff in financial shares weighed on major indexes and capped a choppy week for markets. The S&P 500 slipped 0.4% to 6,878.88, while the Dow Jones Industrial Average fell 1.1% to 48,977.92. The Nasdaq…
CUPERTINO: Apple Inc. (AAPL) said on Feb. 24, 2026 it is on track in 2026 to purchase well over 100 million advanced semiconductors made by Taiwan Semiconductor Manufacturing Co. at the chipmaker’s Arizona facility. Apple described the expected volume as a significant increase from 2025. The company…
NEW YORK: Gold prices edged higher on Thursday as the U.S. dollar softened, lifting demand for the metal in international markets. Spot gold rose 0.5% to $5,195.99 an ounce by 0639 GMT, holding near levels last seen around a more than three-week high earlier in the week.…
CALIFORNIA: Nvidia reported record quarterly revenue and profit on Wednesday, saying demand linked to artificial intelligence continued to lift its data center business. The chipmaker said fourth-quarter revenue rose to $68.1 billion for the period ended Jan. 25, up 73% from a year earlier and 20% from…
WASHINGTON: President Donald Trump has raised a temporary, across-the-board U.S. import tariff to 15% from 10%, applying the higher rate to most goods entering the United States from all countries as the administration shifts to a new legal basis for its sweeping duties. The new tariff is structured…
NEW DELHI: India joined the Pax Silica initiative on Feb. 20 by signing the Pax Silica Declaration and a bilateral addendum titled the Joint Statement on the India-U.S. AI Opportunity Partnership at an event held on the margins of the AI Impact Summit. The documents were signed…
WASHINGTON: President Donald Trump on Friday announced a new 10% import duty on goods entering the United States from around the world, moving to replace a set of emergency tariffs that the U.S. Supreme Court struck down hours earlier. In remarks at the White House, Trump called the…
BENTONVILLE: Walmart said fourth-quarter revenue rose 5.6% from a year earlier to $190.7 billion during the holiday shopping period, while its earnings outlook for the new fiscal year came in below analysts’ expectations. The retailer reported adjusted earnings of 74 cents a share, up from 66 cents…
NEW YORK: Oil futures climbed on Friday as investors tracked heightened U.S.-Iran tensions and fresh warnings from President Donald Trump, adding a geopolitical risk premium to crude prices. Brent crude traded around $71.27 a barrel and U.S. West Texas Intermediate near $66.06, leaving both benchmarks up about 5%…
CALIFORNIA: A published report on Friday said Nvidia is in talks to invest up to $30 billion in OpenAI, a figure that would rank among the largest single equity checks into an artificial intelligence company. Nvidia and OpenAI have not announced any such deal, and neither company has…
WASHINGTON: The U.S. trade deficit totaled $901.5 billion in 2025, barely changed from $903.5 billion in 2024, as higher exports and higher imports largely offset each other despite new tariffs imposed during President Donald Trump’s return to office. The annual figures, released Feb. 19 by the Commerce Department,…
WASHINGTON: Federal Reserve officials showed a widening split over the next direction for U.S. interest rates, with some prepared to reduce borrowing costs if inflation cools and others wanting to keep rates steady longer, according to minutes released Feb. 18 from the Federal Open Market Committee…
TRUCKEE: Recovery crews have recovered the bodies of all nine backcountry skiers killed in a powerful avalanche near Castle Peak in the Lake Tahoe region, ending a…
VIRGINIA: Robert Duvall, the Oscar-winning American actor whose performances ranged from the steady consigliere Tom Hagen in The Godfather films to the broken singer at the center of Tender…
NEW YORK: United Nations Secretary-General Antonio Guterres has called on the international community to overcome divisions and step up support for people in need as Ramadan…
DETROIT: President Donald Trump has threatened to block the opening of the Gordie Howe International Bridge, a major new U.S.-Canada crossing between Detroit and Windsor, unless…
PHOENIX: A federal jury in Phoenix ordered Uber Technologies to pay $8.5 million to a passenger who said she was sexually assaulted by a driver, marking a…
MENA Newswire, WASHINGTON: The death toll from a sprawling winter storm and its aftermath across the United States has reached at least 90, as bitter cold, snow and…
MENA Newswire, WASHINGTON: The U.S. Senate approved a sweeping government funding agreement late Friday, but a short partial shutdown began after the House of Representatives left Washington without…
Luxury
The global luxury market faces a 2% decline in 2024, with 50 million consumers exiting due to high prices and reduced innovation, Bain & Company’s annual report reveals.
Rolex introduces the latest addition to its esteemed collection with the unveiling of the new Oyster Perpetual Rolex Deepsea model. Breaking tradition, this iteration marks the first-ever presentation of the divers’ watch in 18 ct yellow…
The Rolex Oyster Perpetual Day-Date, a beacon of horological prestige, marries the elegance of 18 ct gold or 950 platinum with groundbreaking innovation. Since its launch in 1956, it has stood out as the first wristwatch to…
The 53rd edition of the Watch & Jewellery Middle East Show, unveiled its treasures on January 31st in Sharjah. This prestigious event, a collaboration between Expo Centre Sharjah and the Sharjah Chamber of Commerce and Industry, has become a…
Porsche, the renowned sports car manufacturer, has teamed up with Frauscher Shipyard to unveil the 850 Fantom Air, their inaugural electric sports boat. Powering this maritime marvel is the drive technology slated for Porsche’s upcoming all-electric Macan.…
The Rolex GMT-Master II is making waves with its two latest versions – one in yellow Rolesor, a blend of Oystersteel and yellow gold, and another in 18 ct yellow gold. These timepieces debut a groundbreaking grey-black…
In the world of luxury watchmaking, certain introductions set the bar higher. The Aquanaut Luce Annual Calendar Reference 5261R-001 is just that – a testament to Patek Philippe’s continued commitment to pushing the boundaries of innovation while…
In the picturesque heart of Switzerland, the rhythm of innovation beats strong within Audemars Piguet’s walls. The legendary Swiss watchmaker brings forth yet another symphony of design: a novel rendition of their Royal Oak Offshore Music Edition, initially…
In the vast universe of luxury brands, Rolex occupies a unique celestial body, twinkling with prestige, precision, and timeless allure. It’s a name that, for over a century, has been synonymous with excellence in watchmaking. While many…
The Rock, an egg-sized white diamond billed as the largest of its kind to be auctioned, sold for more than CHF21.6 million ($21.75 million), including fees – at the low end of what Christie’s expected.…
Swiss watchmaker Montres Etoile announced the launch of its first complication, an automatic, tri-retrograde, Islamic Lunar and Gregorian Dual – calendar timepiece with moon face. This complicated wristwatch based on an automatic Swiss made movement…
La Lu gourmet chocolates, delightfully delicious creations fashioned from the finest ingredients in Italy intended to satiate the most discerning of tastes, luxuriously smooth in finish and ultra-refined in texture, crafted into a fascinating array…
Braun, the one-of-a-kind brand celebrating its 100 years in 2021, has entered a unique collaboration with the Chief Creative Officer and Founder of Off-White and Artistic Director of Louis Vuitton Menswear, Virgil Abloh. Today, the…
Hublot, has introduced a limited edition Big Bang e connected Premier League watch, a new evolution of its connected Big Bang with a dedicated application, new dial and new strap, in purple, the iconic color…
The Breitling Premier Norton Edition is a potent representation of a partnership between two iconic brands that share intriguingly similar timelines and powerful legacies. The watch expresses the style and performance expected from a maker…
Lifestyle
TOKYO, November 13, 2025: Apple and ISSEY MIYAKE have announced a new collaboration called iPhone Pocket, a 3D-knitted wearable accessory designed to hold an iPhone and other small items. The product, which combines the Japanese fashion brand’s textile innovation with Apple’s design precision, will be available beginning November…
Fresha secures a $31 million investment from JP Morgan to enhance its machine learning and AI-driven robotics.
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’,…
Global Sports Brand Targets Goal of $3 Billion WEST PALM BEACH, FL / ACCESSWIRE / June 6, 2023 / USPA Global Licensing Inc. (USPAGL) has announced that U.S. Polo Assn., the official brand of the United States Polo Association (USPA), has shattered the $2 billion milestone, delivering a…
Sport-Inspired Brand Brings the Seasons to Life with Global Photo Shoot in Santa Barbara, Calif. WEST PALM BEACH, FL / ACCESSWIRE / April 4, 2023 / U.S. Polo Assn., the official brand of the United States Polo Association (USPA), has launched its iconic, sport-inspired Spring-Summer Collection for…
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…
Southern California interior designer and popular lifestyle influencer Becki Owens has launched her home furnishings line, Becki Owens Living beckiowensliving.com. Owens created this custom collection of over 1000 pieces across 40 categories – from furniture to lighting to home décor – to curate her signature…
To celebrate the indescribable drive and competitive spirit of all athletes and fans, Apple launched the International Collection bands for Apple Watch, featuring 22 limited-edition Sport Loop bands with colorful designs that represent those nations across the globe. Each band also features a matching downloadable…
The talented team of watchmakers and designers at OLTO-8 just launched a unique mechanical watch for those who seek individuality and bold style. The motorsport inspired Infinity II watch boasts superb craftsmanship, precise timekeeping and iconic design. This stunning new watch has caught the attention…
Casio Computer Co., Ltd. announced the release of four new GST-B400 watches, the latest additions to the G-SHOCK family of shock-resistant watches. The new watches boast the slimmest*1 profile of any in the G-STEEL series, which is known for using appealing combinations of different materials.Presenting…
The LEGO Group has taken the covers off a new LEGO version of one of the most coveted nameplates in automotive history, with the unveiling of the two-in-one LEGO Porsche 911 Turbo and 911 Targa set that brings together two icons from the 1970s and…
Halal cosmetics market is projected to grow through to 2028 according to the 2021 Global Industry Research Report that provides market size, industry growth, share, development trends, investment plans, business ideas and forecasts by 2028. Scenarios and useful business decisions. The report includes subjective and comprehensive…