A former Merck & Co. analyst was sentenced to three years and a month in prison for passing merger tips to an ex-business school classmate who worked at Bank of New York Mellon Corp., prosecutors said. Zachary Zwerko pleaded guilty in February to giving inside information to the former BNY Mellon employee, who used it to earn $700,000 (AED2,571,065) in illicit profit. Zwerko said he was paid $57,000 (AED209,358) for the tip. (By Patricia Hurtado/Bloomberg)
UAE Cabinet approves 2026 federal budget
The UAE Cabinet has approved the federal budget for 2026, with projected revenues and expenditures both reaching AED 92.4 billion.
Trump confident of deal after 'successful' US-China talks
US President Donald Trump said he was confident of hashing out a deal with President Xi Jinping, whom he is expected to meet next week, after top economic officials from both countries concluded two days of discussions on Sunday to de-escalate a trade war.
70 patents submitted by TII cement UAE's global scientific stature
The Technology Innovation Institute (TII) has announced it currently has 70 patents in process across a wide range of advanced technology fields, an achievement that reflects the high output of its nine research centres.
Global Food Week concludes with AED6.6 billion in deals
The largest edition of Global Food Week has concluded in Abu Dhabi, with 58 agreements reached over three days at a value of AED6.6 billion, reflecting a 6.5 per cent increase to the previous edition.
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