Strong iPhone demand pushed Apple’s revenue to new records in the three months ending in September. The company closed its fiscal year with record profits despite global trade tensions and intense competition in artificial intelligence. Apple posted better-than-expected results on Thursday, driven mainly by the successful launch of the iPhone 17 series. CEO Tim Cook announced, “Apple achieved a September quarter revenue record of $102.5 billion, including all-time highs for iPhone and Services.” Apple earned $27.5 billion (€23.8 billion) in profit, nearly twice last year’s figure. Investors responded positively, sending shares up 2% in after-hours trading. Although the iPhone 17…
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Human Rights Watch urged Chancellor Friedrich Merz to condemn Turkey’s repression of opposition figures and the arrest of Istanbul’s mayor, Ekrem İmamoğlu. The opposition leader, viewed as a rival to President Recep Tayyip Erdoğan, has faced pretrial detention since March on corruption charges he denies. Turkish prosecutors recently filed new espionage accusations against him. Merz avoided naming İmamoğlu but admitted Turkey’s legal and democratic standards still fall short of European expectations. Erdoğan defended the judiciary, saying courts must act when anyone violates the law. Germany and Turkey Push Strategic Alignment During his first official visit to Ankara, Merz called for…
The Central Bank of the United Arab Emirates has reduced its base interest rate to 3.90%, the lowest level seen since 2022. This decision aims to support economic growth and make borrowing cheaper for both consumers and businesses. Experts say the move will encourage spending and investment across the UAE, potentially boosting sectors such as real estate, retail, and manufacturing. Lower interest rates typically make loans more affordable, helping households manage debt and supporting companies in financing new projects. Analysts note that the UAE’s rate cut aligns with global trends. Several major economies have recently eased rates to counter slowing…
Central Bank Expected to Maintain Steady PolicyThe European Central Bank is expected to keep interest rates unchanged at its forthcoming meeting, signaling a pause after several reductions earlier in the year. Officials have expressed confidence that monetary settings are appropriate for current conditions, often describing the stance as “in a good place.” With inflation gradually aligning closer to the 2% target and previous policy moves still working through the economy, the Governing Council appears inclined to wait before considering any further shifts. Export Decline Raises Concerns for GrowthRecent Eurostat figures point to a continued downturn in euro area exports, reflecting…
Romania Outlines Reduction in American Troop LevelsRomania’s Defense Ministry has announced that the United States will reduce its troop numbers stationed in parts of Eastern Europe following a broader reassessment of military strategy. The move affects rotational forces positioned at Mihail Kogălniceanu Air Base and several other NATO installations. Although no official figures were disclosed, Romanian officials confirmed that about 1,000 American personnel will remain to uphold defense cooperation and joint security missions with NATO allies. Pentagon Emphasizes Strategic Purpose of the MoveU.S. defense officials described the shift as part of a strategic repositioning aimed at improving flexibility and adapting…
Dubai has introduced a new program, Circle Dubai, to reduce community waste and support sustainability. The initiative was unveiled on 29 October 2025 at the Asia‑Pacific Cities Summit – Mayors’ Forum. The project focuses on reducing waste at its source, improving recycling rates, and promoting a circular economy through active community participation. Officials say Circle Dubai empowers residents and institutions to play a direct role in achieving sustainability goals. The initiative is part of Dubai’s zero-waste ambition, aiming to minimize landfill use and manage resources more efficiently. By involving the community, Circle Dubai hopes to create lasting environmental impact and strengthen civic engagement. Residents are…
Hurricane Melissa, a Category 3 storm, struck eastern Cuba early Wednesday with winds reaching 193 kph. The hurricane made landfall near Chivirico, in Santiago de Cuba province, after ravaging Jamaica and becoming one of the Atlantic’s strongest recorded storms. President Miguel Díaz-Canel said authorities evacuated more than 700,000 people before the storm hit. “We know there will be a lot of damage,” he said in a televised address. “No one is left behind, and no resources are spared to protect lives.” Forecasters warned that Melissa could bring storm surges of up to 3.6 meters and rainfall exceeding 51 centimeters in…
Dubai’s real estate market is moving from rapid, speculative growth to a more stable, fundamentals-driven expansion. Recent trends show record apartment sales, easing rents, and rising interest from end-users. Apartment transactions have hit record levels, fueled by a mix of domestic buyers and international investors. Lower mortgage rates have made property ownership more accessible, encouraging more end-users to enter the market. Rents in Dubai are gradually easing as new supply enters the market. This helps balance demand and prevent sharp price increases, supporting sustainable growth for both tenants and investors. Population growth is another key factor driving the market. Dubai…
An exclusive interview with Dr. Gerhard Podovsovnik, Vice President of AEA Justinian Lawyers Abu Dhabi Times:Dr. Podovsovnik, you have just issued a formal demand to the Swiss Federal Council and to Federal Councillor Suter, calling Switzerland a “historical perpetrator state.” What prompted such a drastic statement? Dr. Podovsovnik:What is drastic is not my language – it is the truth that Switzerland has buried for eighty years. The Bergier Report, commissioned by Switzerland itself, proved that the Swiss state, its National Bank and its private banks acted as willing economic accomplices of the Nazi regime. Switzerland bought stolen gold from the…
Sharjah’s economy has recorded strong growth of 8.4% in 2025, driven by robust performance in the real estate and transport sectors. Analysts say the increase reflects the emirate’s expanding business activities and strategic economic planning. Real estate remains a key contributor, with new developments, residential projects, and commercial properties fueling demand. Investors continue to show confidence in Sharjah’s property market, attracted by competitive prices and regulatory support. The transport sector has also been a major driver, benefiting from increased trade and logistics activities. Sharjah’s ports and logistics hubs are handling higher cargo volumes, helping businesses move goods efficiently across the…
