The Scoop Vail Resorts is working with takeover-defense bankers to help it assess its vulnerabilities to everything from labor groups to an outspoken billionaire to Mother Nature itself, according to people familiar with the matter. No activist investors have made a play for the company, shares of which are down ...
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How Gulf airlines are luring passengers back despite regional uncertaintyHow Gulf airlines are luring passengers back despite regional uncertainty
Emirates and Etihad have started offering insurance to travelers, in an effort to lure them back at a time when governments around the world still advise against non-essential travel to the region. International travel advisories invalidate most ordinary policies, leaving the UAE and neighboring countries effectively uninsurable for tourists. Emirates’ ...
Intel, Apple were in talks for months about chip deal claimed by TrumpIntel, Apple were in talks for months about chip deal claimed by Trump
The Scoop President Donald Trump’s late-night Truth Social post announcing a US chipmaking deal between Apple and Intel sent shares of the chipmaker surging 9% in Thursday trading. Among those surprised were Intel’s own executives, according to a person familiar with the matter. Intel and Apple have been in talks ...
How soccer fans in the Gulf are balancing work and the World CupHow soccer fans in the Gulf are balancing work and the World Cup
In the Gulf, football is less pastime than civic obsession — and this summer it is spilling into the workday. Every World Cup match airs overnight, so the cost lands the next morning. Companies around the region are giving employees flexible hours after their respective national teams play. In Saudi ...
Qatar eyes return of gas exportsQatar eyes return of gas exports
A Qatari LNG tanker sailed through the Strait of Hormuz on Thursday — one of the few transits made since the Iran war began and a hopeful sign for Doha as it looks to revive its gas exports and wider economy. The state-owned QatarEnergy has told buyers it could reach ...
US-Iran truce sparks frustration in IsraelUS-Iran truce sparks frustration in Israel
The US-Iran truce sparked frustration in Israel, potentially upending Prime Minister Benjamin Netanyahu’s reelection bid and fracturing the country’s ties with Washington. Israeli media condemned the deal Washington signed with Tehran as “a catastrophic capitulation” and “a betrayal.” With parliamentary elections due by October, Netanyahu’s party has scrapped plans to ...
UK special election could reshape politicsUK special election could reshape politics
Roughly 70,000 voters in a mostly suburban part of northwest England will today determine the fate of the UK government. Andy Burnham, the Manchester mayor, is aiming to win a special election by appealing for grand national renewal — and promising to address frustrations over local traffic congestion. Burnham leads ...
Apple to raise prices as memory chip costs surgeApple to raise prices as memory chip costs surge
Apple said it would increase prices on some of its products in response to the surging cost of memory chips, which analysts predict could rise even further in coming months. The rapid rollout of AI infrastructure has sent demand for semiconductors soaring, with the cost of memory rising around 90% ...
Iran’s energy weapon workedIran’s energy weapon worked
Tim’s view The deal signed yesterday between Washington and Tehran to reopen the Strait of Hormuz proved Iran’s energy weapon was powerful enough to take on the world’s mightiest military and come out ahead. Earlier in the conflict, US President Donald Trump repeatedly stressed that the war could only end ...
Saudi-US mining company turns to IranSaudi-US mining company turns to Iran
A major US-Saudi mining investment program is shifting its focus to Iran’s reconstruction. During Trump’s visit to Riyadh last year, the US investment firm Burkhan World signed a $9 billion MOU with the Saudi mining firm Grand Mines, aimed at strengthening Saudi access to critical mineral supply chains. Originally, the ...