Business from Friday, November 6th, 2026

ADNOC Gas and Sharjah National Oil Corporation (SNOC) have signed a strategic collaboration agreement to explore a range of strategic opportunities aimed at strengthening gas supply security and enhancing the resilience of the UAE’s energy infrastructure.

Tesla will wind down Cybertruck production at its Texas gigafactory around mid-2027, CEO Elon Musk said on Friday, after years of persistently weak sales for a futuristic model once touted as a rival to legacy pickup trucks.

Tech-led Nasdaq has notched its deepest one-day drop since ‘Liberation Day’ in April 2025, wiping out trillions in market value on fears of more AI scrutiny, particularly on data center construction, after Democrats won big in US midterm elections.