Airlines may not substitute vouchers, travel credits or other forms of compensation unless the passenger affirmatively chooses to accept alternative compensation, stipulates the new rule
World
binance
US prosecutors seek 36-month jail term for Binance founder Changpeng Zhao
Zhao is expected to be sentenced on April 30 in Seattle
India
UAE businessman Jalan-led consortium’s bid to take over Jet Airways faces turbulence with airline’s lenders filing case against ownership handover
The National Company Law Appellate Tribunal, in an order in March, upheld the grounded airline’s ownership transfer to the Jalan-led consortium
IMF
Saudi Arabia and India will be fastest growing economies of 2025: IMF
IMF raises Saudi economy forecast for 2025, places it second only to India for growth
Ear
Nothing unveils new wireless earbuds with premium sound and AI integration
Nothing Ear will be priced at AED549 whilst Ear (a) will cost AED379 when available to pre-order in the UAE from April 22 ahead of open sales from April 27
Oil prices
Crude oil price jumps more than 3% on Middle East worries
Analysts said a disruption or likely closure of the Strait of Hormuz, a key chokepoint which sits between Iran and Oman could lead to oil prices to shoot higher
climate change
Climate change damage could cost $38 trillion per year by 2050: Study
The German government-backed research calculates climate change will shave 17 percent off the global economy’s GDP by the middle of the century
Google
Google fires workers protesting $1.2 billion Israel contract
The protesters have demanded that Google pull out of the “Project Nimbus” contract — in which Google Cloud and Amazon Web Services provide cloud-computing and artificial intelligence services for the Israeli government and military
Brent Crude
Oil prices regain $90 level
Crude prices declined on Monday amidst the new flare ups in the Middle East
IDC
Samsung pips Apple to clinch top global phone maker spot: Report
Global smartphone shipments also posted a 7.8 percent jump to reach 289.4 million units on a year-on-year basis in Q1 this year, the report by IDC said
electric vehicle
Tata Group company wins Tesla deal for making chips for EV major’s global operations: Report
The report comes amidst Tesla’s keen interest to enter India, the world’s fastest-expanding major automotive market
European Space Agency
Car-sized asteroid ‘narrowly misses’ collision with Earth
International space agencies have reported an asteroid has narrowly avoided a collision with Earth
Apple
Apple plans to overhaul entire Mac line with AI-focused M4 chips
The move is seen to be aimed at boosting sluggish computer sales
Bankruptcy
Sam Bankman-Fried appeals FTX fraud conviction, 25-year sentence
The 32-year-old former billionaire was the poster boy for cryptocurrency, gracing magazine covers and enjoying audiences with lawmakers, before the speculator collapse of FTX in 2022
Global oil demand
OPEC: Global oil demand to rise by 2.25m bpd this year
OPEC says global oil demand will grow in 2024 and 2025
Google
Google Photos to roll out Magic Editor, Magic Eraser, other AI editing tools to all users from next month
The company said these features will start rolling out to consumers beginning from May 15 and continue throughout the coming months