Business from Monday, July 28th, 2025

Russian national flag carrier Aeroflot was forced to cancel dozens of flights on Monday after a crippling cyberattack claimed by a pro-Ukrainian hacking group, which one lawmaker called a wake-up call for Moscow.

The US struck a framework trade agreement with the European Union on Sunday, imposing a 15 per cent import tariff on most EU goods - half the threatened rate - and averting a bigger trade war between the two allies that account for almost a third of global trade.

The Dubai International Financial Center (DIFC) said Monday that company registrations grew 32 per cent in the first half of the year as the financial hub welcomed 1,081 new companies, including asset management firms, hedge funds and family offices.