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MENA Newswire News Desk: Complaints of fraud and scams have surged to a six-year high, driven largely by a rise in online bank transfers used in investment scams. The Financial Ombudsman Service (FOS) reported receiving 8,734 complaints from consumers between April and June this year, marking a 43% increase…
China announced on Tuesday that it will initiate an anti-dumping investigation into canola imports from Canada. The move comes shortly after Canada imposed significant tariffs on Chinese electric vehicles (EVs), leading to a sharp increase in domestic rapeseed oil futures in China. Last week, Canada…
China has issued a stern warning to Japan, threatening significant economic retaliation if Tokyo proceeds with additional restrictions on the sale and servicing of chipmaking equipment to Chinese firms. The move complicates ongoing US-led efforts to curb China’s access to advanced semiconductor technology. Japanese officials…
The S&P 500 rebounded in August after a rocky start, ending the month with a 2.3% gain. This marked a reversal from the early August slump, where the index dropped by 6.1% in the first three trading sessions. Despite the volatility, 71% of stocks in the S&P…
Travel
MENA Newswire News Desk: The UAE’s tourism sector is showing strong growth, in line with the UAE Tourism Strategy 2031, which targets AED100 billion in investments and seeks to boost the sector’s GDP contribution…
In a remarkable recovery from the COVID-19 pandemic, Tokyo welcomed a record-breaking 19.54 million international tourists in 2023, a sharp increase from previous years, as reported by the Tokyo metropolitan government. This surge represents a 28.7%…
Private jet flights have declined by 15% during the first half of the year, falling from their peak in 2022, signaling a significant downturn in the industry’s demand. This waning interest contrasts…
Delta Air Lines is grappling with unprecedented flight cancellations as it struggles to recover from a major IT outage linked to Microsoft that began on Friday. The Atlanta-based airline has canceled over 4,600 flights from…
Ryanair shares plunged 14% on Monday after the budget airline reported a significant 46% drop in quarterly profit, attributing the decline to weaker-than-expected fares. The airline also warned of lower fare expectations in…
Air France-KLM has expressed concerns over potential financial setbacks due to the Paris Olympics, projecting a substantial decrease in travelers to and from the city this summer. As the city gears up to…