China says to launch digital currency action plan
Beijing, China -- China will on January 1 launch an "action plan" for boosting management and operations of its digital...
Economy
Iraqis cover soil with clay to curb sandstorms
Samawah, Iraq -- Deep in Iraq’s southern desert, bulldozers and earthmovers spread layers of moist clay over sand dunes as...
Geostrategy
Economy
Turkish authorities make further arrests in football betting scandal
The betting scandal in Turkish football deepened on Friday as 29 people, including 14 footballers, were arrested, the Istanbul public...
- Their arrests follow the incarceration of six referees and the president of top tier club Eyupspor at the beginning of November
- Amongst those arrested were a former president of Turkish giants Galatasaray, Erden Timur, the vice-president of Eyuspor
Geostrategy
Zelensky to meet Trump in Florida on Sunday for talks on how to end the Russian invasion
Ukrainian President Volodymyr Zelensky is to meet US President Donald Trump in Florida on Sunday for talks on how to...
- The meeting to discuss new peace proposals comes amidst Trump's intensified efforts to broker an agreement to end the conflict
- The latest plan is a 20-point proposal that would freeze the front line but open the door for Ukraine to pull back troops from the east
Geostrategy
China’s high-speed rail network passes 50,000km mark
Beijing, China -- China's sprawling high-speed rail network passed 50,000 kilometers (31,000 miles) in total operating distance with the opening...
- The country has the world's largest rail network -- one-fifth longer than the circumference of the earth.
- China's rail network has expanded by around 32 percent compared to 2020, state-owned China Railway added Friday in a statement.
Geostrategy
Yemen separatists say Saudi air strikes will not deter them
A Yemeni military official said around 15,000 Saudi-backed fighters were amassed near the Saudi border -- but were not given...
- There were no immediate reports of casualties in the air strikes, which came amid a dramatic escalation in the decade-long conflict.
- The strikes came as a Yemeni government official in Riyadh told AFP that Saudi may be considering military action against the separatists if talks fail.
Economy
Syria to start replacing currency from Jan 1: central bank chief
Syria's central bank chief said Thursday that the country's currency would start to be replaced with a revamped version from...
- Central bank chief Abdul Qadir al-Hasriya said that "January 1, 2026, is the start date for the replacement process" for the currency
- Hasriya said the move comes at a "pivotal national juncture that reflects the beginning of a new economic and monetary era"
Geostrategy
14 countries condemn Israel’s expansion of West Bank settlements, say actions ‘violate international law’
Fourteen countries, including France, Britain, and Germany, condemned on Wednesday Israel's recent approval of new Jewish settlements in the occupied...
- In their statement, the countries stressed such unilateral actions "violate international law" and risk undermining the ceasefire in Gaza
- They also reaffirmed their "unwavering commitment to a comprehensive, just and lasting peace based on the two-state solution."
Geostrategy
Saudi Arabia urges Yemen separatists to cede seized territory
The Kingdom said the military movements in the governorates of (Hadramawt and Al-Mahra), recently conducted by the Southern Transitional Council,...
- "These movements resulted in an unjustified escalation that harmed the interests of the Yemeni people with all of its segments," it added.
- The 11-year war in Yemen has pitted the Iran-backed rebels against the internationally-recognized government, backed by a Saudi-led coalition that includes the UAE.
Business
Nvidia expands AI empire with Groq talent grab
San Francisco, United States -- Nvidia has hired the leadership of a promising AI chip startup, a statement said Wednesday,...
- Under the agreement, Groq founder Jonathan Ross and president Sunny Madra, along with other team members, will join Nvidia to help develop and scale the Groq's technology.
- Nvidia's domination of the AI training chip market has made it the world's biggest company by market valuation.
Geostrategy
Iran Guards seize foreign-crewed oil tanker in Gulf: state media
Iran's Revolutionary Guards on Wednesday seized an oil tanker in the Gulf carrying more than a dozen foreign crew members,...
- Iranian forces regularly announce the interception of ships it says are illegally transporting fuel in the Gulf
- They regularly target tankers that Tehran accuses of being part of the illicit trade in the Strait of Hormuz
Geostrategy
Israel to invest $110 billion over the next decade to develop its own independent arms industry
Prime Minister Benjamin Netanyahu said Wednesday that Israel would invest $110 billion over the next decade to develop its own...
- In a controversial speech, Netanyahu said Israel was becoming increasingly isolated and had to adopt a "super-Sparta" approach
- In 2026, Israel will allocate about 16 percent of its public budget to defence -- around $35 billion out of an overall budget of $208 billion
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China says to launch digital currency action plan
Beijing, China -- China will on January 1 launch an "action plan" for boosting management and operations of its digital...
Economy
Company News
France’s screen siren Brigitte Bardot dies at 91
Arts & Culture
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,...
China’s high-speed rail network passes 50,000km mark
Beijing, China -- China's sprawling high-speed rail network passed 50,000 kilometers (31,000 miles) in total operating distance with the opening...
Geostrategy
Yemen separatists say Saudi air strikes will not deter them
A Yemeni military official said around 15,000 Saudi-backed fighters were amassed near the Saudi border -- but were not given...
Geostrategy
Syria to start replacing currency from Jan 1: central bank chief
Syria's central bank chief said Thursday that the country's currency would start to be replaced with a revamped version from...
Economy
Most Read
Geostrategy
Saudi Arabia urges Yemen separatists to cede seized territory
The Kingdom said the military movements in the governorates of (Hadramawt and Al-Mahra), recently conducted by the Southern Transitional Council,...
- "These movements resulted in an unjustified escalation that harmed the interests of the Yemeni people with all of its segments," it added.
- The 11-year war in Yemen has pitted the Iran-backed rebels against the internationally-recognized government, backed by a Saudi-led coalition that includes the UAE.
Business
Nvidia expands AI empire with Groq talent grab
San Francisco, United States -- Nvidia has hired the leadership of a promising AI chip startup, a statement said Wednesday,...
- Under the agreement, Groq founder Jonathan Ross and president Sunny Madra, along with other team members, will join Nvidia to help develop and scale the Groq's technology.
- Nvidia's domination of the AI training chip market has made it the world's biggest company by market valuation.
Geostrategy
Iran Guards seize foreign-crewed oil tanker in Gulf: state media
Iran's Revolutionary Guards on Wednesday seized an oil tanker in the Gulf carrying more than a dozen foreign crew members,...
- Iranian forces regularly announce the interception of ships it says are illegally transporting fuel in the Gulf
- They regularly target tankers that Tehran accuses of being part of the illicit trade in the Strait of Hormuz