WarnerMedia restructures to focus on HBO Max, senior executives out

New York:  WarnerMedia executives Bob Greenblatt and Kevin Reilly, who oversaw the creation of the HBO Max streaming business, will leave as part of a broad restructuring focused around the streaming service, the company said on Friday. The shake-up also includes the consolidation of film and TV studios under Warner Bros Chief Executive Ann Sarnoff. […]

Twitter expressed interest in buying TikTok’s US operations

Twitter Inc has approached TikTok’s Chinese owner ByteDance to express interest in acquiring the U.S. operations of the video-sharing app, two people familiar with the matter told Reuters, as experts raised doubts over Twitter’s ability to put together financing for a potential deal. It is far from certain that Twitter would be able to outbid […]

Oil prices hold steady with Brent at mid $40 range

Abu Dhabi: Oil prices continue to remain steady at the low to the mid $40 range, with oil markets last week seeing an upward push in prices which briefly took Brent to $45 before settling down. Prices on Friday saw Brent closing on $44.40 with West Texas Intermediate on $41.22, as both benchmarks recorded weekly […]

60 flights per week: Emirates ramps up Pakistan services

DUBAI: Emirates has announced it will increase its passenger services to/from Pakistan starting 10 August. This service ramp up offers customers enhanced connectivity to over 70 destinations within its current network, via Dubai. The airline is set to boost up its flight frequency to/from Karachi, Islamabad, Lahore, and Sialkot; and resume passenger services to Peshawar […]

RAK eases licensing for courier companies

Dubai: Emirates Post Group has signed a partnership agreement with the Ras Al Khaimah Department of Economic Development (RAK DED), to put into place processes to expedite the issuance of licenses for courier and delivery companies.  With the agreement, the service period for the license delivery process will be reduced to 1-2 working days, from […]