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Business from Thursday, April 17th, 2025
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Mubadala announces $600M investment in Nord Anglia Education
Abu Dhabi-based Mubadala Investment Company has signed an agreement to acquire a $600 million (around AED 2.203 billion) minority stake in private school operator Nord Anglia Education.
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Shein, Temu to hike prices under pressure from Trump's trade policies
Chinese online marketplace Temu and fast-fashion retailer Shein will raise prices on their products next week as US President Donald Trump's crackdown on low-value imports and sweeping tariffs increase expenses for the companies known for their low-priced offerings.
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US issues new sanctions targeting Chinese importers of Iranian oil
The United States on Wednesday issued new sanctions targeting Iran's oil exports, including against a China-based "teapot" oil refinery, as President Donald Trump's administration seeks to ramp up pressure on Tehran.
