US Fed poised for first rate cut of 2025 as political tension mounts
The Fed's likely move would follow a monthslong push from President Donald Trump to slash rates, and comes amid growing...
Economy
Suspect in Charlie Kirk killing caught, widow vows to carry on fight
The widow of prominent right-wing activist Charlie Kirk pledged Friday to carry on her husband's work, after US authorities announced...
Geostrategy
Geostrategy
Hamas rejects reported plan for US takeover of Gaza and relocation of its residents
Hamas denounced on Monday a plan reportedly being considered by US President Donald Trump for the United States to take...
- The Washington Post reported on Sunday that the White House was considering a plan that would see Gaza become a trusteeship administered by the United States
- The goal would be to transform the territory into a tourism magnet and high-tech hub, according to the US newspaper, which cited a 38-page prospectus for the initiative
Science
Apple to lower iPhone 12 radio power across EU
Paris, France - Apple will update software on iPhone 12 handsets across the EU to lower the power of their...
- The software update, scheduled "in the coming weeks" across the EU, is in line with a 2023 change made to the phones in France based on testing by ANFR radio frequency authority
- "We continue to disagree with the French ANFR's testing approach, (but) respect the European Commission's decision," Apple said in a statement
Arts & Culture
Tunisian brutalist landmark faces wrecking ball, sparking outcry
Tunis, Tunisia -- Tunisia's brutalist landmark the Hotel du Lac -- a 1970s postcard icon said to have inspired a...
- Built by Italian architect Raffaele Contigiani in central Tunis, the concrete-and-steel inverted pyramid opened in 1973.
- Its daring silhouette has since enraptured brutalism and modernist architecture admirers from across the globe.
Business
Chinese cluster now world’s top innovation hotspot: UN
Geneva, Switzerland -- Shenzhen-Hong Kong-Guangzhou has overtaken Tokyo-Yokohama to become the world's top cluster for innovation, the United Nations said...
- The UN's World Intellectual Property Organization (WIPO) said the Chinese cluster had leapfrogged its Japanese rival in its 2025 Global Innovation Index.
- The change at the top of the world's 100 leading innovation clusters was down to WIPO broadening the criteria to include VC investments to formulate the annual rankings.
Geostrategy
Shanghai Cooperation Organisation ‘strongly condemns’ civilian toll in Gaza
The 10-member SCO said they also strongly condemned US and Israeli strikes on Iran in June, in the statement issued...
- Member states express deep concern over escalating Israeli-Palestinian conflict, call for comprehensive, lasting ceasefire and unhindered humanitarian aid.
- They said Israeli and US military aggression on Iran violated international law and UN Charter principles.
Geostrategy
US would control Gaza, displace all its people under Trump’s new plan: report
The entire population of Gaza would be relocated and the United States would take control of the Palestinian territory under...
- The enclave reduced to rubble in Israel's war prompted by the Hamas attack of 2023 would be transformed into a trusteeship administered by the United States for at least 10 years
- Another goal of the plan modeled on President Donald Trump's stated vision of making it the "Riviera of the Middle East" is to transform Gaza into a tourism resort
Geostrategy
Leaders gather in China for SCO summit ceremony, Xi slams ‘bullying’ behaviour in world order
The SCO comprises China, India, Russia, Pakistan, Iran, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Belarus -- with 16 more countries affiliated...
- The SCO comprises China, India, Russia, Pakistan, Iran, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Belarus -- with 16 more countries affiliated as observers
- More than 20 leaders including Iranian President Masoud Pezeshkian and his Turkish counterpart Erdogan are attending the bloc's largest meeting since its founding in 2001
Geostrategy
Putin and Modi in China for summit hosted by Xi
President Xi Jinping gathered the leaders of Russia and India among dignitaries from around 20 Eurasian countries on Sunday to...
- The SCO comprises China, India, Russia, Pakistan, Iran, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Belarus -- with 16 more countries affiliated as observers
- Russian President Vladimir Putin touched down in Tianjin on Sunday with an entourage of senior politicians and business representatives
Geostrategy
Director Jarmusch ‘disconcerted’ over Mubi’s links to Israel military
Venice, Italy -- American director Jim Jarmusch said Sunday he was "disappointed" that arthouse film streaming platform Mubi had accepted...
- Mubi, a rival to Netflix, is one of the distributors of Jarmusch's latest film "Father Mother Sister Brother", which premieres at the Venice Film Festival on Sunday.
- The group accepted $100 million from Silicon Valley firm Sequoia Capital, which includes Israeli defense firm Kela in its portfolio, sparking a petition signed by Jarmusch.
Geostrategy
Lebanon parliament speaker calls for dialogue over Hezbollah weapons
Beirut, Lebanon -- Lebanon's Speaker of Parliament Nabih Berri, an ally of the Iran-backed Hezbollah, called on Sunday for dialogue...
- Lebanon's government this month tasked the army with drawing up a plan to disarm Hezbollah by the end of the year.
- Hezbollah strongly opposed the decision and Shiite ministers, including representatives from the group and Berri's Amal Movement
US Fed poised for first rate cut of 2025 as political tension mounts
The Fed's likely move would follow a monthslong push from President Donald Trump to slash rates, and comes amid growing...
Economy
Company News
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Europe hyperloop test hits new speed record in Dutch trial
The Hague, Netherlands -- A Dutch tech startup said Wednesday it had set a European speed record for its futuristic...
Geostrategy
Iran, IAEA sign cooperation framework in Cairo after suspension following Israeli strikes on nuclear sites
The agreement was signed in Cairo by Iranian Foreign Minister Abbas Araghchi and International Atomic Energy Agency chief Rafael Grossi,...
Geostrategy
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Geostrategy
Israel forum says concerned for Gaza hostages after Doha strikes
The main Israeli group campaigning for the release of hostages held in Gaza expressed "deep concern" following an Israeli attack...
- "The chance of bringing them back now faces greater uncertainty than ever before, with one thing of absolute certainty -- their time is running out," the statement said.
- Hamas and Israel have held multiple rounds of indirect ceasefire negotiations brokered by Qatar, Egypt and the United States throughout the nearly two-year Gaza war
Business
Stocks climb eyeing US rate cut, political turbulence
A steep downward revision to US job creation cemented expectations that the Federal Reserve would begin lowering its benchmark rate...
- US employment growth is likely to be revised down by 911,000 for the 12 months ending in March, official data showed.
- Investors are now looking to consumer inflation data coming Thursday, since a hot reading could keep the Fed from cutting further as it looks to curb price increases.
Geostrategy
Israel strikes Hamas officials in Qatar, the first of its kind on Qatari territory
Qatar, which has been a key mediator in efforts to broker a truce in Gaza, said Israeli strikes targeted the...
- Qatar, which has been a key mediator in efforts to broker a truce in Gaza, said Israeli strikes targeted the homes of several members of Hamas's political bureau
- Israeli Prime Minister Benjamin Netanyahu said he ordered the strikes in response to a Monday shooting in Jerusalem that killed six people and was later claimed by Hamas