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
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...
Geostrategy
Economy
How China leveraged its rare earths dominance over the US in tariff war
China's stranglehold on the rare earths industry -- from natural reserves and mining through processing and innovation -- is the...
- Rare earths are crucial for the defence sector -- used in fighter jets, missile guidance systems and radar technology -- while also having a range of uses in everyday products
- At a high-stakes meeting in South Korea late last month, Trump and Chinese counterpart Xi Jinping agreed to a one-year truce in tariff war between the world's top two economies
Geostrategy
Trump sends Witkoff to Moscow in hopes of finalizing Ukraine deal
An initial US plan which was heavily weighted in Russia's favor has been replaced by one taking in more of...
- Trump posted on his Truth Social platform that there were "only a few remaining points of disagreement" -- but European leaders were skeptical
- He also expressed hope to meet "soon" with Putin and Ukrainian President Volodymyr Zelensky, "but ONLY when the deal to end this War is FINAL or, in its final stages."
Geostrategy
China’s Xi pushes Taiwan issue in call with Trump
Chinese leader Xi Jinping pressed the ever-sensitive issue of Taiwan in a phone call Monday with US President Donald Trump,...
- China claims Taiwan as part of its territory, and Xi told Trump that its return was an "integral part of the post-war international order."
- Taiwan Premier Cho Jung-tai hit back at Xi's comments, telling reporters on Tuesday that Taiwan "is a fully sovereign state."
Arts & Culture
Fake AI videos have a new generation loving 1980s life
New York, United States - "The 1980s are calling," a teenager with a throwback hairstyle tells viewers as "Everybody Wants...
- The fake montage -- entirely generated using artificial intelligence -- has racked up more than 600,000 "likes" on Instagram and is part of an internet fad known as "AI nostalgia."
- The soft-focused fantasy land comes thanks to generative AI tools like OpenAI's Sora, Google's Veo or Luma AI's Ray that enable creation of strikingly realistic videos
Geostrategy
Hezbollah mourns top commander killed in Israel strike, Iran Guards urge revenge
Haytham Ali Tabatabai is the most senior commander from the Iran-backed group to be killed by Israel since a November...
- Haytham Ali Tabatabai is the most senior commander from the Iran-backed group to be killed by Israel since a November 2024 ceasefire sought to end over a year of hostilities
- Sunday's raid came with Israel escalating its attacks on Lebanon and Washington increasing pressure on the government to disarm the group and cut off its sources of funding
Geostrategy
Tabatabai: Hezbollah military chief who led the group in Yemen, Syria
Beirut, Lebanon - Haytham Ali Tabatabai, Hezbollah's top military chief whom Israel killed on Sunday, had taken the role after...
- He is the most important Hezbollah figure to have been killed since a November 2024 ceasefire sought to end over a year of hostilities between the militant group and Israel
- The strike hit an apartment building in Beirut's densely populated southern suburbs, where the group holds sway, killing five people, according to Lebanon's health ministry
Geostrategy
Trump peace plan: Washington, Kyiv say a peace deal must ‘fully uphold’ Ukraine sovereignty
US President Donald Trump had given Ukraine until November 27 to approve his plan to end the nearly four-year conflict,...
- US President Donald Trump had given Ukraine until November 27 to approve his plan to end the nearly four-year conflict, which began after Russia launched a full-scale invasion
- Kyiv was seeking changes to the draft that accepted a range of Russia's hardline demands, with the 28-point plan requiring the invaded country to cede territory, and cut its army
Geostrategy
G20 grapples with splintering world order
"Too many countries are retreating into geopolitical blocs or the battlegrounds of protectionism," Canadian Prime Minister Mark Carney told reporters....
- He and the other leaders at the summit -- which was boycotted by the United States -- held a searching discussion on how the G20 can survive in a fragmenting world.
- The United States is to host next year's G20 summit, with Trump planning to hold it at a Florida golf club he owns.
Geostrategy
Israeli strikes kill 21 in Gaza, dozens more wounded: Civil defense
Mahmud Bassal, spokesman for the civil defense agency, Bassal said one strike hit a house in Deir el-Balah in the...
- The Palestinian foreign ministry, based in the Israeli-occupied West Bank, condemned the strikes.
- It urged the international community to put "immediate pressure" on Israel to "stop the massacres".
Geostrategy
Amazon climate deal a ‘win’ for global unity but fossil fuels untouched
Nearly 200 countries approved the deal by consensus after two weeks of exhaustive negotiations on the fringes of the rainforest,...
- Brazilian President Luiz Inacio Lula da Silva, who staked political capital on the success of COP30, said the pact was proof that a fractured world could still unite in crisis.
- There was less euphoria in Belem, where defeated European ministers admitted they only took the watered-down deal to keep the entire process from imploding.
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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
Company News
Latest News
Egypt says $35 billion Israel gas deal ‘commercial’, not ‘political’
Under the agreement, Israel will increase the total volume of gas supplied to Egypt to 130 billion cubic meters, according...
Geostrategy
US, Qatar, Turkey, Egypt to hold talks on next phase of Gaza truce in Miami
Under the second stage, Israel is supposed to withdraw from its positions in Gaza, an interim authority is to govern...
Geostrategy
Putin says Russia will ‘certainly’ achieve its goals in Ukraine including seizing the territories
Russian President Vladimir Putin said on Wednesday Moscow would "certainly" achieve its goals in the offensive in Ukraine, including seizing...
Geostrategy
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Geostrategy
Global coal demand expected to hit record in 2025: IEA
In its annual report on the coal industry, the International Energy Agency said demand was on course to rise by...
- China and India are usually the main drivers of growth in coal consumption as the two emerging economies race to meet rising demand for electricity.
- The IEA sees demand in China, the top coal consuming nation, decreasing somewhat over the next five years.
Science
Ancient cures and AI: WHO seeks evidence for traditional medicine
New Delhi, India -- The World Health Organization opens a major conference on traditional medicine on Wednesday, arguing that new...
- The meeting in New Delhi will examine how governments can regulate traditional medicine while using emerging scientific tools to validate safe and effective treatments.
- The UN body hopes this push will help make ancestral practices more compatible with modern healthcare systems.
Business
Famed Jerusalem stone still sells despite West Bank economic woes
Sair, Palestinian Territories - Despite the catastrophic state of the Palestinian economy, Faraj al-Atrash, operator of a quarry in the...
- The war in Gaza, triggered by Hamas's October 2023 attack on Israel, dealt a severe blow to a Palestinian economy that was already in poor shape
- Israel, which has occupied the West Bank since 1967, has recently set up hundreds of new checkpoints across the territory, paralysing commercial transport