UAE Non-Oil Business Activity Surges to Nine-Month High in December

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 The United Arab Emirates' non-oil private sector recorded its fastest expansion in nine months in December 2024, buoyed by strong domestic demand and increased business activity, according to the latest S&P Global Purchasing Managers’ Index (PMI) report. PMI Highlights Robust Growth The seasonally adjusted UAE PMI climbed to 55.4 in December from 54.2 in November, signaling robust growth well above the 50.0 threshold that separates expansion from contraction. This marked the third consecutive monthly increase, underscoring sustained recovery in the non-oil sector. Key drivers of growth included a notable rise in new business activity. The new orders subindex rose sharply to 59.3 in December from 58.0 in the previous month, reflecting strong domestic demand. Challenges Amid the Growth While domestic demand flourished, export growth slowed, with the export orders subindex dropping to a seven-month low. Additionally, businesses faced mounting backlogs due to capacity constraints,...
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Trump to pay $1 million to settle "frivolous" lawsuit by Hilary Clinton

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Trump

Former US president Donald Trump and his attorneys were fined almost $1 million on Thursday for filing a "frivolous" lawsuit alleging that Hillary Clinton tried to rig the 2016 election.

The Republican, who wants to run for president again in 2024, was accused by District Judge John Middlebrooks of engaging in a "continuous pattern of judicial abuse" and filing the lawsuit "in order to dishonestly push a political narrative."

The complaint, which Middlebrooks dismissed last year, claimed that Clinton and others had spread a false story about Trump's campaign's collusion with Russia. Trump had requested $70 million in compensation.

In the 45-page written court judgement, Middlebrooks stated that the lawsuit "should never had been launched."

Its weakness as a legal claim was clear right away. No sane attorney would have submitted it. None of the allegations in the modified complaint presented a legally cognizable claim; they were all included for political purposes only, the judge said.

The order also penalises Alina Habba, Trump's attorney.

The entire amount of sanctions issued by Middlebrooks to pay the defendants' legal fees and expenses is $937,989.39, and the two are jointly and severally accountable for it.

Trump, according to Middlebrooks, is "a prolific and skilled litigant who frequently uses the courts to seek retribution on political rivals.

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