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Inditex, the owner of Zara, reported stronger sales growth in May, with revenue rising 11.5% despite higher costs and economic uncertainty linked to tensions in the Middle East. The fashion giant said its diversified supply chain has helped maintain operations, while all of its nearly 480 stores across the region remain open.
04/06/2026
Meta is betting on a human-first AI future, but growing legal battles and declining public trust are putting Mark Zuckerberg’s vision to the test.
Saudi Arabia ranks among the world’s top 10 countries for private AI investment, according to the World Bank’s World Development Report 2026.
Apple shares came under pressure after Jefferies downgraded the stock to Underperform and cut its price target to $263.66, citing concerns that plans for a highly anticipated all-glass iPhone have been scrapped. Analyst Edison Lee pointed to production challenges, rising memory costs and uncertainty around Apple’s AI strategy, adding to recent concerns over the tech giant’s growth outlook.
11/08/2026
