AI needs to be smaller, reduce energy footprint: UNESCO study
Paris, France -- The potential of artificial intelligence is immense -- but its equally vast energy consumption needs curbing, with...
Geostrategy
Spain hosts European, Arab nations to pressure Israel on Gaza
Madrid will host 20 countries as well as international organizations with the aim of "stopping this war, which no longer...
Geostrategy
Business
Trump threatens Apple with a 25% tariff if iPhones aren’t made in US
Washington, United States -- US President Donald Trump on Friday threatened Apple with a 25 percent tariff if the iPhones...
- Trump's sweeping tariffs on major US trading partners have roiled global markets and upended international commerce.
- Trump's comments Friday echo statements he made last week while on a trip to Qatar, urging Apple to bring iPhone production to US shores.
Business
TOURISE 2025: Riyadh to host premier summit for sustainable tourism
Riyadh, Saudi Arabia -- Saudi Arabia's Minister of Tourism, Ahmed Al-Khateeb, has officially unveiled TOURISE, a groundbreaking global platform set...
- The inaugural TOURISE 2025 event will take place in Riyadh from November 11-13, bringing together public and private sector leaders, experts, and investors.
- Nominations will be accepted via an online portal, with winners announced at a dedicated ceremony during the platform.
Business
Trump administration refocuses US-China chip war on AI and Huawei
Beijing, China -- The United States has taken aim at China's Huawei over the cutting-edge chips powering artificial intelligence (AI),...
- The Trump administration is seeking to change the ways the US limits China's access to state-of-the-art semiconductors needed to develop AI.
- Chinese firms like Alibaba and Xiaomi have announced huge investments in AI in what experts say feeds into a national goal to cut reliance on foreign suppliers.
Geostrategy
Global anti-malware crackdown leads to 20 arrest warrants, Europol says
Authorities took down more than 300 servers worldwide, neutralized 650 domains and seized 3.5 million euros ($3.9 million) in cryptocurrency,...
- The software taken down, known as "initial access malware", is used "for initial infection, helping cybercriminals to enter victims' systems unnoticed.
- In total, "3.5 million euros in cryptocurrency" were seized, the agencies added, bringing the total amount of cryptocurrency seized during Endgame to 21.2 million euros.
Business
Xiaomi launches new advanced in-house mobile chip
Beijing, China -- Tech giant Xiaomi unveiled a new advanced in-house mobile chip on Thursday, a significant milestone for the...
- With the XRING O1, it becomes only the second smartphone brand globally after Apple to mass produce its own 3-nanometre chips, among the most advanced on the market.
- Xiaomi took early steps into semiconductors for smartphones with the launch of the firm's first in-house chip, the Surge S1, in 2017.
Business
May 2025 Islamic Treasury Sukuk auction attracts bids worth $1.88bn
Abu Dhabi, UAE -- The Ministry of Finance (MoF), in its capacity as the issuer and in collaboration with the...
- The total bids received reached AED 6.93 billion ($1.88bn), reflecting an oversubscription rate of 6.3 times.
- The auction results highlighted competitive, market-driven pricing with a Yield to Maturity (YTM) of 3.99 percent for the May 2027 tranche and 4.06 percent for the May 2030 tranche
Business
Ads pressured to evolve as AI changes Google search
San Francisco, United States -- As Google races to lead in artificial intelligence, it faces the challenge of making sure...
- The internet giant is dabbling with ads in its new AI Mode for online search, a strategic move to fend off competition from ChatGPT.
- A new AI Mode enables conversational interaction with Google during search queries, providing answers in diverse formats, such as video, audio or graphs.
Business
Turkey says increasing energy exports to war-torn Syria
Damascus, Syria -- Turkish Energy Minister Alparslan Bayraktar said Thursday in Damascus that his country would ramp up energy exports...
- Syria's Islamist authorities, who toppled Bashar al-Assad in December, are seeking to rebuild the country's infrastructure and economy after almost 14 years of civil war.
- The conflict badly damaged Syria's power infrastructure, leading to cuts that can last for more than 20 hours a day.
Geostrategy
Iran-US nuclear talks set for Rome this week: Oman mediator
Iran and the United States will hold the next round of talks on the Islamic republic's nuclear programme in Rome...
- The arch-foes have held four rounds of nuclear talks since April 12, the highest-level contact between them since US President Donald Trump abandoned the 2015 nuclear deal
- Western countries, including the United States, have long accused Iran of seeking to acquire atomic weapons, while Iran insists its nuclear programme is for peaceful purposes
Geostrategy
Israeli ‘warning’ fire at diplomats sparks outcry amid Gaza pressure
EU foreign policy chief Kaja Kallas urged Israel to hold to account those responsible for the shooting near Jenin, a...
- The Palestinian foreign ministry accused Israel of having "deliberately targeted by live fire an accredited diplomatic delegation".
- The incident came as international pressure intensified over the war in Gaza, where Palestinians were desperate for supplies after a two-month aid blockade was eased.
AI needs to be smaller, reduce energy footprint: UNESCO study
Paris, France -- The potential of artificial intelligence is immense -- but its equally vast energy consumption needs curbing, with...
Geostrategy
Company News
22 killed in Israeli air strikes across Gaza
Geostrategy
Latest News
4 charged with plot to kidnap New York-based Iranian journalist
Four Iranian nationals were indicted Tuesday on charges of plotting to abduct a journalist in New York, the Justice Department...
G20 ministers set to green light global tax reform
Finance ministers from the G20 richest nations are expected to give the green light Saturday to a historic deal to...
Bomb-laden drones hit Erbil airport in northern Iraq
The attack took place at around 1930 GMT but caused no injuries or major damage Since the start of the...
Disagreement between UAE, Saudi Arabia hobbles OPEC
The UAE on Sunday pushed back against a plan by the OPEC+ group to extend a pact to cut oil...
Saudi Arabia to create 40,000 jobs for its nationals
Job creation is part of Saudi strategy to help residents obtain high-quality jobs The strategy seeks to push more Saudi...
Kuwait strips tens of thousands of citizenship since August 2024
The latest campaign abolishes naturalization by marriage, which only applied to women, and revokes citizenship granted to wives since 1987....
Geostrategy
Real estate transactions in five UAE emirates reach $65 billion in Q1
Abu Dhabi, UAE -- Real estate transactions across five emirates in the UAE surged to over AED 239 billion ($65...
Business
Trump expands Apple tariff threat to all smartphones
Washington, United States -- US President Donald Trump on Friday threatened Apple and other smartphone manufacturers with a 25 percent...
Business
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Geostrategy
Antonio Guterres denounces ‘cruelest phase’ of Gaza conflict
"For nearly 80 days, Israel blocked the entry of life-saving international aid," Guterres said. "The entire population of Gaza is...
- "The Israeli military offensive is intensifying with atrocious levels of death and destruction.
- "Today, 80 percent of Gaza has been either designated an Israeli-militarized zone or an area where people have been ordered to leave."
Business
Trump threatens Apple with a 25% tariff if iPhones aren’t made in US
Washington, United States -- US President Donald Trump on Friday threatened Apple with a 25 percent tariff if the iPhones...
- Trump's sweeping tariffs on major US trading partners have roiled global markets and upended international commerce.
- Trump's comments Friday echo statements he made last week while on a trip to Qatar, urging Apple to bring iPhone production to US shores.
Business
TOURISE 2025: Riyadh to host premier summit for sustainable tourism
Riyadh, Saudi Arabia -- Saudi Arabia's Minister of Tourism, Ahmed Al-Khateeb, has officially unveiled TOURISE, a groundbreaking global platform set...
- The inaugural TOURISE 2025 event will take place in Riyadh from November 11-13, bringing together public and private sector leaders, experts, and investors.
- Nominations will be accepted via an online portal, with winners announced at a dedicated ceremony during the platform.