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BUSINESS

BUSINESS latest

Mark Zuckerberg in U.S. Capitol Hill
July 8th, 2026 - 12:01 GMT
P. Choiaqo

P. Choiaqo

Meta sued for $1.4 trillion for addicting young users

ALBAWABA - Four states in the U.S. are suing Meta for $1.4 trillion - 93 percent of the company’s value - for allegedly purposefully designing its Facebook and Instagram platforms to addict young users. The enormous figure was revealed by Meta during court filings as the trial is set to begin in August in California, which is one of the four states suing Meta, alongside Colorado, Kentucky and New Jersey ...
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A break below $4,612 could cause a loss into the range of $4,177-$4,413. (Shutterstock)
November 20th, 2018 - 07:29 GMT

Bitcoin Crashes Below $5,000, All Time Low Since 2017

The outage came a day after Facebook unveiled a new update to Messenger which will allow over 1.3 billion users delete sent messages from chat threads, under 10 minutes of sending. (Shutterstock)
November 20th, 2018 - 07:24 GMT

Facebook Messenger Down Worldwide

The industry last year generated $25 million in cinema ticket sales, ACC estimates, and with earnings hard to come by, filmmakers tend to stick to popular genres such comedy and action. (Shutterstock)
November 20th, 2018 - 07:21 GMT

When Will Investors Realise the Financial Benefits of Investing in Arab Filmmakers?

The Bahraini delegation met with Vice Mayor of Shenzhen, Ai Xuefeng, and a number of local government officials and business leaders at the Bahrain – Shenzhen Business Forum and the China High-Tech Fair. (Shutterstock)
November 20th, 2018 - 07:16 GMT

Bahrain Joins China's Bandwagon With 8 Landmark MoUs

In the study, researchers at University of Hawaii at Manoa examined how the rapid increase in the use of cryptocurrency like bitcoin would harm the climate. (Shutterstock)
November 20th, 2018 - 07:12 GMT

How Does Bitcoin Mining Affect Climate Change?

Approximately 60 per cent of men said that they were against their wives working in a work place where males were present, 44 per cent of which stated that “she might be harassed” as a reason. (Shutterstock)
November 20th, 2018 - 07:07 GMT

Jordan's Female Workforce Faces Pushback From Male Relatives

"[We have] decided that Germany should impose an entry ban on 18 Saudi citizens, who are presumed to be in connection with this deed, in the Schengen information system," Maas told reporters. (Shutterstock)
November 20th, 2018 - 07:02 GMT

Germany Applies Sanctions on 18 Saudis Over Khashoggi Murder

La Gare, the dynamic downtown of Addis Abiba boasting one of the largest mixed-use developments in Ethiopia and offering more than 4,000 residences.
November 20th, 2018 - 07:02 GMT

Eagle Hills Abu Dhabi Expands to Ethiopia With the Launch of 'La Gare'

Urging that details of the murder of Saudi journalist must be revealed, Le Drian said the culprits should be unmasked. (Shutterstock)
November 20th, 2018 - 06:58 GMT

France Launches Sanctions on Saudi Arabia Over Khashoggi Murder

“We hope Europe will deliver on what it had promised. This is an internal issue of Europe and we still hope these three European countries will show their true power and find their rightful place,” Foreign Ministry spokesman Bahram Qassemi said at a press conference on Monday. (AFP/File)
November 20th, 2018 - 06:53 GMT

Iran Not Happy With Slow Progress of EU's SPV Implementation

SirajPower’s first purpose was to address the commercial industrial market in Dubai following the strong political will and the new regulatory framework that emerged.
November 20th, 2018 - 06:51 GMT

DP World Partners With UAE’s SirajPower to Contribute to Nation’s Green Strategy

Eager to save a 2015 nuclear accord with Iran from which the United States has withdrawn, the EU has focused its efforts in trying to keep trade flowing with Iran in the face of renewed US sanctions, in order to keep Tehran from pulling out. (Shutterstock)
November 20th, 2018 - 06:48 GMT

EU Mulls Imposing Sanctions on Iran Over Botched France Attack Plot

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