Business News from Thursday, October 1st, 2026

Paramount gets court green light on Warner Bros deal

A US judge has entered an order on Wednesday allowing Paramount to close its $110 billion acquisition of Warner Bros., ending a months-long holdup, as the company named Mattel's Ynon Kreiz as co-CEO to help run the combined business.
Google announces Gemini 4 flagship AI model after months of delays

Alphabet's Google has announced a new top-tier artificial intelligence model to anchor its Gemini 4 generation of models on Wednesday in a fresh bid to catch up to rivals Anthropic and OpenAI in the AI race.

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UAE condemns Houthi drone attack on Madinah power station
The UAE has strongly condemned a Houthi drone attack on the Taiba power distribution station in Madinah, Saudi Arabia.
Emirates flight to London diverted following medical emergency
An Emirates flight from Dubai to London Heathrow was diverted to Frankfurt due to a medical emergency involving a passenger onboard.
Dubai private school enrolment up 4.6% for new academic year
Dubai's private schools saw 406,563 students enrolled for the 2026-27 academic year, marking an annual increase of 4.6 per cent, the Knowledge and Human Development Authority (KHDA) announced on Thursday.