PayPal has become the first firm to drop out of Facebook's digital currency project Libra.
The online payments company made the announcement on Friday without specifying what had prompted the decision.
PayPal was among a group of 28 companies and non-profits that were joining forces to develop Libra.
It said it "(remained) supportive of Libra's aspirations" but had chosen to focus on its own core businesses.
There have been growing concerns about how people's money and data will be protected.
Dubai retains position as leading maritime city
Dubai has retained its position as the Middle East's leading maritime city and ranked 12th globally in the 2026 Leading Maritime Cities report by DNV and Menon Economics.
Nvidia CEO Jensen Huang steps down
Nvidia CEO Jensen Huang is stepping down, leaving the AI industry without its biggest champion and clouding the future of the chipmaker he built into an AI powerhouse.
DEWA reports record-breaking AED25.74 billion revenue in 2026
Dubai Electricity and Water Authority (DEWA) has reported record-breaking revenue of AED25.74 billion in the first nine months of 2026 - up 3 per cent on last year.
Nakheel unveils new sustainable community beside Palm Jebel Ali
Nakheel, a member of Dubai Holding Real Estate, has unveiled Palm Springs, a 3.8 million sq m residential masterplan adjacent to Palm Jebel Ali in southern Dubai.
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The Saturday Brunch Episode 19: Comedy, Music & Festival Season
Thursday 29 Nov - Weekend vibes are here EARLY!!
