Google won a major legal victory as the EU’s second-highest court annulled a €1.5 billion antitrust fine, ruling the European Commission failed to assess key factors.
Business
Idris Elba fronts the UAE’s ‘Invest in the Emirates’ campaign, which seeks to attract global innovators by showcasing the country’s thriving business environment and support for ventures.
RBI Governor Shaktikanta Das warns that the global debt, now at $315 trillion or 333% of global GDP, poses a serious threat to emerging markets and fiscal stability.
European Central Bank lowers key rate to 3.5% as it aims to counter slowing economic momentum and maintain inflation near the target level in challenging times.
Inflation concerns dampen hopes for significant Fed rate cuts, leading to a downturn in U.S. stocks with the Dow dropping 414 points and S&P 500 faltering.
Belgium has delayed submitting its budget plans to the EU, citing the need for more time due to ongoing government formation talks.
India and the UAE today signed major agreements in nuclear energy, petroleum, and advanced technologies, reinforcing the Comprehensive Strategic Partnership between the two nations.
Travel
Etihad Airways celebrates 20 years of operations to India, marking a significant milestone with expanded routes and increased flight frequencies between Abu Dhabi and key Indian cities.
Technology
South Korea’s latest data shows a rapid increase in COVID-19 levels in wastewater, reflecting a larger summer outbreak.