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Why Saudi Arabia is withdrawing from sport
Economy

Why Saudi Arabia is withdrawing from sport

There are few major sports left that are not supported by investment from Saudi Arabia. But with the kingdom pulling out of golf and canceling planned events and contracts elsewhere, is the Saudi sports era over?

DW News
GameStop makes $56 billion offer to acquire eBay
Economy

GameStop makes $56 billion offer to acquire eBay

GameStop has made an offer to acquire eBay for $56 billion, which comes as part of GameStop CEO Ryan Cohen's plan to transform the online marketplace into a "legit competitor to Amazon," he tells The Wall Street Journal. In an announcement on...

The Verge
US airlines step up as Spirit winds down
Economy

US airlines step up as Spirit winds down

US carriers are stepping in after Spirit Airlines announced on Saturday that it had cancelled all flights and was winding down operations. The budget airline said soaring fuel costs were a major factor, after a last-minute White House rescue package...

France 24
Inflation surging past 50% in Iran
Economy

Inflation surging past 50% in Iran

The fragile ceasefire may have paused the fighting, but the economic fallout in Iran continues. A US naval blockade of Iranian ports has sharply reduced the Iran’s oil exports, while the cost of everyday goods has continued to rise. Across the...

France 24
Ukraine hits oil facilities in Russia
Economy

Ukraine hits oil facilities in Russia

Ukrainian drones have been striking oil facilities deep inside Russia in an effort to reduce Moscow’s oil exports, a key source of funding for its grinding invasion of Ukraine. So far, however, the broader economic impact remains unclear. Meanwhile...

France 24
Oil prices rise amid US-Iran impasse
Economy

Oil prices rise amid US-Iran impasse

Turning to the impact of the Middle East conflict on oil markets, global prices eased slightly on Friday after surging to a four-year high of over $126 per barrel the previous day, driven by fears that a prolonged war with Iran could worsen supply...

France 24
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