US Federal Reserve cuts interest rates for the third straight time

The United Arab Emirates government has introduced hiring quotas for Emirati citizens in the private sector, aiming for them to constitute 10 percent of the workforce by 2026. This initiative seeks to address the long-standing reliance on government jobs and subsidies among the local population, as reported by FRANCE 24’s Sophie Guignon and Amélie Zaccour.

The UK has imposed sanctions on four senior commanders of Sudan's Rapid Support Forces (RSF) due to their alleged involvement in mass killings of civilians in El Fasher. These sanctions include asset freezes, while the UK has refrained from taking action against the RSF's key backer, the United Arab Emirates, or its chief commander, Mohamed Hamdan Dagalo, known as Hemedti.

Paramount Skydance has launched a $108.4 billion hostile bid for Warner Bros Discovery, intensifying the competition in the media landscape, particularly against Netflix, which previously proposed an acquisition valued at approximately $72 billion. Jared Kushner's involvement in financing this bid highlights the intersection of business and politics, especially given his ties to the Trump administration.

The US Federal Reserve has reduced its benchmark interest rate by 25 basis points, responding to persistent inflation and slowing job growth amid a lack of government data due to a shutdown. This marks a significant monetary policy shift as the Fed navigates economic uncertainties.