May’s bet backfires, tech stocks feel the FANG

Dubai: The Business team discusses the recent announcement by some Arab countries to cut diplomatic ties with Qatar, and the implications of that. Four UAE airlines have already suspended flights to and from Doha, with analysts already discussing the potential of a food shortage in Qatar.

The team also discusses the general election in the UK that resulted in a hung parliament. What will that mean for the sterling? And what does heightened uncertainty mean for the UK economy?

Finally, in financial news, the team discusses the plunge in some of the Nasdaq-listed tech stocks late last week, including why share prices dropped, and whether equity markets in the US are in a bubble.