Fitch Ratings has downgraded Hong Kong’s long-term foreign currency issuer default rating.
The global credit rating agency has reduced the Asian financial hub's standing from AA+ to AA.
It comes after more than three months of unrest in the city.
In a statement, Fitch Ratings said Hong Kong’s rating outlook is "negative."
Trump says Intel agrees to deal for US to take 10% equity stake
President Donald Trump said on Friday the US would take a 10 per cent stake in Intel under a deal with the struggling chipmaker and is planning more such moves, the latest extraordinary intervention by the White House in corporate America.
Musk sought Zuckerberg help for OpenAI bid, court filing shows
Elon Musk tried to enlist rival Mark Zuckerberg for the $97.4 billion bid that his consortium made for OpenAI earlier this year, but the CEO of Meta Platforms did not come on board, OpenAI said in a court filing on Thursday.
UAE Central Bank gold reserves rise 26% in five months
The UAE Central Bank (CBUAE) increased its gold reserves by 25.899 per cent during the first five months of the year to AED 28.933 billion, up from AED 22.981 billion at the end of December 2024.
Italian fashion house Valentino hires Riccardo Bellini as CEO
Italian fashion house Valentino has appointed industry veteran Riccardo Bellini as new chief executive, it said on Wednesday, adding he will take up the role at the start of September.
7:00pm - 11:00pm
Officially the UAE's favourite DJ, Dany Neville makes sure you have the soundtrack you need every Saturday night.
The legendary Craig David joins The Kris Fade Show for an unforgettable chat!
Hear Maz & James chatting to the featured artists every month with Flash Entertainment.
From taking us down memory lane to a possible BAD BOYS 5 in Dubai?
The Rock and Chris Evans: A Christmas Surprise!
