August 4, 2026

Business News

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Gulf Arab countries diversify economies.

** The Gulf Arab countries are undergoing a significant transformation, driven by the need to diversify their economies and reduce their reliance on oil exports. With the US-Iran deal looming, the region's leaders are working to strengthen their alliances, improve their military capabilities, and develop new trade routes, all while addressing the humanitarian implications of the war in Ukraine.

Coupang fined record £283 million by South Korean regulators.

Coupang, often referred to as the 'Amazon of South Korea', has been handed a record-breaking fine of £283 million by South Korean regulators for alleged breaches of competition and consumer protection laws, sparking a heated response from US authorities and putting diplomatic tensions between Seoul and Washington on the rise.