Mediators Egypt, Qatar, others ‘concerned’ about Israel opening one-way Gaza exit
The countries voiced "their absolute rejection of any attempts to expel the Palestinian people from their land" and said they...
Geostrategy
US private sector lost 32,000 jobs last month in surprise drop
President Donald Trump has been touting the economy's health, and forecasts had incorrectly predicted the monthly data would show a...
Geostrategy
Business
Amazon unveils new AI chip in battle against Nvidia
San Francisco, United States -- Amazon Web Services launched its in-house-built Trainium3 AI chip on Tuesday, marking a significant push...
- The move intensifies competition in the AI chip market, where Nvidia currently dominates with an estimated 80- to 90-percent market share.
- AWS also announced it is already developing Trainium4, expected to deliver at least three times the performance of Trainium3 for standard AI workloads.
Economy
Saudi powers forward with deficit spending to fund reforms
The Arab world's largest economy is overseeing a major push to slash its dependence on oil revenues, with officials pouring...
- The state's general budget for 2026 would have total expenditures of 1.313 trillion riyals (350.1 billion dollars).
- The projected deficit amounts to 3.3 percent of GDP, which is lower than the deficit of 245 billion riyals estimated for 2025.
Economy
Saudi powers forward with deficit spending to fund diversification of its oil-dependent economy
Saudi Arabia greenlit its 2026 budget Tuesday, projecting a deficit of 165 billion riyals ($44 billion) as the kingdom presses...
- The Arab world's largest economy is overseeing a major push to slash its dependence on oil revenues, with officials pouring billions into projects to attract investment and tourism
- The budget figures will be keenly watched by energy industry experts, with the hopes of gleaning insights into where Saudi Arabia expects oil revenues to head in the near future
Geostrategy
If Europe wants war with Russia, ‘we are ready,’ says Putin as he meets US envoys over Ukraine deal
Washington has presented a 28-point draft to end the conflict, later amended after criticism from Kyiv and Europe, which viewed...
- The comments came as US envoy Steve Witkoff and President Donald Trump's son-in-law Jared Kushner were in Moscow for high-stakes talks on ending the nearly four-year war
- "They have no peaceful agenda, they are on the side of war," he added, repeating his claim that European leaders were hindering US attempts to broker peace in Ukraine
Business
Amazon tests ‘ultra-fast’ deliveries in two US cities
San Francisco, United States - Amazon on Monday began testing "ultra-fast" deliveries in two US cities, giving some shoppers the...
- Amazon is piloting its new “Amazon Now” feature in select neighbourhoods, offering items ranging from groceries to electronics
- Delivery fees for the ultra-fast service start at $3.99 for Prime members and $13.99 for non-members
Business
Bid by Netflix for Warner Bros Discovery signals streaming giant’s ambition to dominate global content production
Streaming giant Netflix has made a mostly cash offer to buy TV and film group Warner Bros Discovery as the...
- Netflix joined Paramount Skydance and Comcast, the owner of NBCUniversal, in a second round of an auction that was being negotiated throughout the US Thanksgiving holiday
- The parent company of HBO, CNN and the Warner Bros film studio officially put itself up for sale in October after receiving multiple unsolicited offers
Geostrategy
Trump warns Israel not to ‘interfere’ in Syria, days after deadly operation killed 13 people
"It is very important that Israel maintain a strong and true dialogue with Syria, and that nothing takes place that...
- "It is very important that Israel maintain a strong and true dialogue with Syria, and that nothing takes place that will interfere with Syria's evolution into a prosperous State,"
- Trump spoke to Israeli Prime Minister Benjamin Netanyahu and invited him for another White House visit, Netanyahu's office said shortly after Trump issued the warning
Geostrategy
Trump says US freeze on asylum decisions will last ‘a long time’
US President Donald Trump said Sunday his administration intends to maintain a pause on asylum decisions for "a long time"...
- "We don't want those people," Trump said. "You know why we don't want them? Because many have been no good, and they shouldn't be in our country."
- The Trump administration issued the pause in the aftermath of the shooting in Washington on November 26, that left 20-year-old Sarah Beckstrom dead and another guardsman wounded
Geostrategy
Trump optimistic after Ukraine talks as Rubio says ‘more work’ needed to end war
US President Donald Trump said Sunday there was a "good chance" of a deal to end the war in Ukraine...
- An initial 28-point US proposal -- drafted without input from Ukraine's European allies -- would have required Kyiv to withdraw from its eastern Donetsk region
- A source close to the Kyiv delegation in Florida told AFP on Sunday that "the process is not easy because the search for formulations and solutions continues."
Geostrategy
Pope urges Lebanese to stay in their country despite difficulties
Leo emphasized the need for peace, using the word more than 20 times during the address, without mentioning any specific...
- Urging reconciliation, Leo noted that "there are personal and collective wounds that take many years, sometimes entire generations, to heal".
- "If we do not work, for example, to heal memories, to bring together those who have suffered wrongs and injustice, it is difficult to journey towards peace," he said.
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Mediators Egypt, Qatar, others ‘concerned’ about Israel opening one-way Gaza exit
The countries voiced "their absolute rejection of any attempts to expel the Palestinian people from their land" and said they...
Geostrategy
Company News
Latest News
Air India probe of Boeing 787 fuel control switches finds no issues
Mumbai, India - Air India's inspection of the locking feature on the fuel control switches of its existing Boeing 787...
Israeli airstrike kills five Palestinians in West Bank
Palestinian medics said an air strike targeting a car in the occupied West Bank killed five people on Thursday, while...
Dubai roads, airport reel from floods after record rains
Power outages were reported around Dubai, which was dotted with flooded areas and submerged and abandoned cars. One road tunnel...
Heavy storms soak Gulf as Oman toll rises to 18
Flooding hit many areas of Dubai and Abu Dhabi, the UAE capital, and cut off major roads, snarling traffic and...
Number of journalists killed on job in 2023 declines despite Gaza: RSF
In the first 11 months of 2023, 45 journalists were killed carrying out their work, down from 61 last year,...
Saudi powers forward with deficit spending to fund diversification of its oil-dependent economy
Saudi Arabia greenlit its 2026 budget Tuesday, projecting a deficit of 165 billion riyals ($44 billion) as the kingdom presses...
Economy
If Europe wants war with Russia, ‘we are ready,’ says Putin as he meets US envoys over Ukraine deal
Washington has presented a 28-point draft to end the conflict, later amended after criticism from Kyiv and Europe, which viewed...
Geostrategy
Amazon tests ‘ultra-fast’ deliveries in two US cities
San Francisco, United States - Amazon on Monday began testing "ultra-fast" deliveries in two US cities, giving some shoppers the...
Business
Most Read
Geostrategy
Trump warns Israel not to ‘interfere’ in Syria, days after deadly operation killed 13 people
"It is very important that Israel maintain a strong and true dialogue with Syria, and that nothing takes place that...
- "It is very important that Israel maintain a strong and true dialogue with Syria, and that nothing takes place that will interfere with Syria's evolution into a prosperous State,"
- Trump spoke to Israeli Prime Minister Benjamin Netanyahu and invited him for another White House visit, Netanyahu's office said shortly after Trump issued the warning
Geostrategy
Trump says US freeze on asylum decisions will last ‘a long time’
US President Donald Trump said Sunday his administration intends to maintain a pause on asylum decisions for "a long time"...
- "We don't want those people," Trump said. "You know why we don't want them? Because many have been no good, and they shouldn't be in our country."
- The Trump administration issued the pause in the aftermath of the shooting in Washington on November 26, that left 20-year-old Sarah Beckstrom dead and another guardsman wounded
Geostrategy
Trump optimistic after Ukraine talks as Rubio says ‘more work’ needed to end war
US President Donald Trump said Sunday there was a "good chance" of a deal to end the war in Ukraine...
- An initial 28-point US proposal -- drafted without input from Ukraine's European allies -- would have required Kyiv to withdraw from its eastern Donetsk region
- A source close to the Kyiv delegation in Florida told AFP on Sunday that "the process is not easy because the search for formulations and solutions continues."