Business from Friday, May 13th, 2022

  • Emirates Airline revenue up 91% in 2021-22 report

    Emirates Airline's revenue for last year increased 91 per cent to AED 59.2 billion, as the carrier expanded global capacity following the easing of pandemic-related restrictions.

  • 'Stablecoin' collapse crushes crypto

    Cryptocurrencies nursed large losses on Friday, with bitcoin pinned below $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets.