Wednesday , 31 December 2025

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Walmart plans competitor to Amazon’s video marketplace

Bloomberg Walmart Inc is looking to create an online store that would sell other companies’ video services, according to people familiar with the talks, opening up a new front in its fight with Amazon.com Inc. The world’s largest retailer has approached several media companies about reselling their streaming services, according to the people, who asked not to be identified because …

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Abu Dhabi fund earmarks $3bn for education, health

ABU DHABI / Emirates Business In a bid to elevate the standard of living in developing countries and eradicate global poverty, Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has highlighted its allocation of nearly AED11 billion ($2.99 billion) towards development projects in the education as well as healthcare sectors. In its report marking International …

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WTO must confront China over trade abuses, says US

Bloomberg US and Chinese officials clashed in Geneva on Tuesday as the world’s two largest economies disagreed over how to reform the global trading system. Deputy US Trade Representative Dennis Shea said the World Trade Organization (WTO) must confront China’s trade abuses while rethinking its preferential rights as a developing nation. Chinese Ambassador Zhang Xiangchen countered that “no one can …

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