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'We Need People To Come Back': Dubai's Tourism Industry Reels As Foreigners Flee
'We Need People To Come Back': Dubai's Tourism Industry Reels As Foreigners Flee
Via Middle East Eye
Dubai is facing an existential crisis with the US and Israeli war on Iran forcing tourism numbers to fall sharply, with widespread hotel closures and job losses decimating the global tourism hotspots' hospitality sector.
On Monday, Dubai Airports reported that first-quarter passenger traffic was down by at least 2.5 million from the same period in 2025, with March seeing a 66 percent drop in passenger numbers as travelers chose to steer clear of the Gulf.
Empty beds are pictured before high-rise buildings along a beach...
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Jun 15, 2026 / Tyler Durden
US Futures, Global Stocks Surge, Oil Tumbles On Iran Deal
US Futures, Global Stocks Surge, Oil Tumbles On Iran Deal
Global markets soared in a risk-on rally following the announcement of a US-Iran deal Sunday night. Stocks and bonds rallied while oil tumbled to a three-month low after the US and Iran said they have reached an interim agreement to reopen the Strait of Hormuz and halt the war. This will provide a 60-day window for negotiation. As of 8:00am ET, Nasdaq 100 futures advanced 2.1%, while those for the S&P 500 rose 1.3%. In the pre-market, Mag 7 are all higher...
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Sep 9, 2026 / Tyler Durden
Jack Dorsey's Block Seeks US Trust Bank Charter For Bitcoin, Stablecoin
Jack Dorsey's Block Seeks US Trust Bank Charter For Bitcoin, Stablecoin
Authored by Ezra Reguerra via Cointelegraph,
Jack Dorsey's payments company Block seeks to establish a federally regulated trust bank to provide custody services for Bitcoin and stablecoins.
Block said Tuesday it had submitted an application to the Office of the Comptroller of the Currency (OCC) to create Builders Bank & Trust, an uninsured national trust bank.
If approved, the bank would operate under OCC supervision and offer custody and related fiduciary services.
Block said the charter would give its custody operations a consistent...
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Jul 13, 2026 / Tyler Durden
China's Memory-Chip Challenger Faces A Test Of How Far US Curbs Can Reach
China's Memory-Chip Challenger Faces A Test Of How Far US Curbs Can Reach
ChangXin Memory Technologies is approaching a turning point.
The Chinese memory-chip maker has advanced far enough to draw interest from some of the world's largest technology companies, including Apple Inc., which has considered using its chips. But the same growth that has raised CXMT's commercial standing has also made it a more prominent target in the widening technology confrontation between Washington and Beijing.
The Pentagon has blacklisted the state-backed company over alleged links to China's military. In South Korea,...
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