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HSBC fined £57.4m by Bank of England for “Serious Failings” in customer deposit protection

HSBC has been slapped with a hefty £57.4 million fine by the Bank of England over what regulators have deemed "serious failings" related to protecting customer deposits.

Tata Group and Airbus seal pact to manufacture helicopters, elevating Indo-French defense ties

Tata Group and Airbus have officially inked a pact for the joint production of civilian helicopters.

Global trade takes hit as Suez Canal sees 42% drop in transit volume amidst Red Sea crisis

The volume of commercial transit traffic through the vital Egyptian Suez Canal has plummeted by 42% in the past two months, according to the United Nations.

Panama’s coffee farmers brew resilience for the Canal amidst drought crisis

To combat environmental damage and bolster the drought-stricken Panama Canal, an innovative incentive program supporting coffee farmers has emerged as a beacon of sustainable change.

Gulf Air announces a new destination to AlUla in Saudi Arabia

Gulf Air to operate direct flights to AlUla biweekly, starting February 3rd, 2024, unlocking access to its cultural wonders and breathtaking landscapes.

Nuclear renaissance: International Energy Agency forecasts historic highs in 2025

The International Energy Agency (IEA) forecasts that nuclear power generation is set to soar to unprecedented heights in 2025.

The future of Britain’s steel industry at a crossroads

Amidst the looming closure of Tata Steel's blast furnaces at Port Talbot in South Wales, the United Kingdom finds itself at a crossroads for its steel industry.

UAE says no plans to impose income tax on individuals

The Ministry of Finance's Undersecretary, Younis Al Khouri, has emphatically stated that the UAE has no intentions to impose income tax on individuals.

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