OpenAI says it raised $40 bn at valuation of $300 bn
San Francisco, United States - OpenAI on Monday said it raised $40 billion in a new funding round that valued...
Business
Trump puts world on edge as ‘Liberation Day’ tariffs loom
Trump kept rivals and allies alike guessing about who would be targeted and by how much, but promised to be...
Economy
Geostrategy
Jeddah Talks: Ukraine accepts US proposal of 30-day ceasefire with Russia
The positive response from Ukraine prompted President Donald Trump's administration to lift a freeze on military aid and to predict...
- We'll take this offer now to the Russians and we hope they'll say yes to peace. The ball is now in their court: Marco Rubio
- "I want to thank President Trump for the constructive conversation between our teams," says Zelensky
Geostrategy
Hamas pushes for phase two of Gaza truce talks
Hamas said its representatives met with mediators in Cairo at the weekend, emphasizing the need for humanitarian aid to re-enter...
- The high-level delegation also stressed the need for "moving directly to begin negotiations for the second phase" of the deal, which will lay the groundwork for a ceasefire.
- Hamas's demands for the second phase include a full Israeli withdrawal from Gaza, an end to the blockade, the reconstruction of the territory and financial support.
Geostrategy
Ukraine, US delegations to meet in Jeddah next week: Saudi
Riyadh, Saudi Arabia -- Saudi Arabia on Friday welcomed a meeting between the United States and Ukraine due next week...
- Saudi Arabia last month hosted a Russian-American meeting -- the first high-level talks between the two governments since the Ukraine war began in 2022.
- Relations between the US and Ukraine have rapidly deteriorated after an explosive meeting at the White House led to Washington cutting off military aid and intelligence sharing.
Geostrategy
UNRWA warns Israel’s West Bank operation aligns with annexation ‘vision’
The Israeli operation, which the military says targets militants in the northern West Bank, was launched shortly after a truce...
- Israeli forces carry out regular raids targeting militants in the West Bank, occupied since 1967, but the ongoing operation since late January is already the longest in two decades
- Israeli Defence Minister Israel Katz has said troops would remain for many months in the evacuated camps to "prevent the return of residents and the resurgence of terrorism."
Geostrategy
Hamas says Trump’s ‘DEAD’ threat to Gaza undermines ceasefire
"Release all of the Hostages now, not later, and immediately return all of the dead bodies of the people you...
- Trump said later he was "sending Israel everything it needs to finish the job" as his administration expedites billions of dollars in weapons.
- "These threats complicate matters regarding the ceasefire agreement and encourage the occupation to avoid implementing its terms," said Hamas spokesman Hazem Qasim.
Geostrategy
Arab leaders propose Gaza reconstruction under Palestinian Authority, reject Trump’s takeover plan
The prospect of the Palestinian Authority (PA) governing Gaza remains far from certain, however, with Israel having ruled out any...
- Tuesday's Arab League summit in Cairo offered an alternative with the adoption of a "comprehensive Arab plan."
- It announced the establishment of a trust fund to pay for the territory's reconstruction, and urged the international community to back it
Business
China, Canada retaliate to Trump tariff war as markets fall
Washington, United States -- Mounting trade wars between the United States and its largest economic partners deepened Tuesday as huge...
- Trump had announced -- and then paused -- blanket 25 percent tariffs on imports from major trading partners Canada and Mexico in February.
- The duties will hit over $918 billion in US imports from both countries, and are set to hamper supply chains for key sectors like automobiles and construction materials.
Economy
China says will fight to ‘bitter end’ if US pushes trade war
Pressure from Trump could motivate Beijing to strengthen the kinds of support for the economy seen last year -- interest...
- China is grappling with a prolonged property sector crisis and high youth unemployment
- China plans to deal with an increasingly unpredictable United States, its largest trading partner
Geostrategy
Gazans face food shortages, price hikes as Israel blocks aid amid ceasefire negotiations stalemate
Despite ceasefire negotiations, Gaza’s humanitarian situation remains critical, with markets facing inflation, displaced residents lacking proper shelter, and aid workers...
- Humanitarian groups warn that the aid suspension is worsening an already dire crisis in Gaza.
- Hamas official claims Israel allowed only 15 out of 65,000 promised mobile homes into Gaza
Business
Bitcoin falls below $80,000 first time since November amid market volatility
Hong Kong, China -- Bitcoin sank below $80,000 on Friday for the first time in more than three months as...
- The digital unit fell to as low as $79,525.88 in early Asian trade -- its lowest level since November 11 and sharply down from the record above $109,000 seen just last month.
- The unit saw an eye-watering rally after Donald Trump's election victory in November after he promised on the campaign trail to free up regulations surrounding digital token.
OpenAI says it raised $40 bn at valuation of $300 bn
San Francisco, United States - OpenAI on Monday said it raised $40 billion in a new funding round that valued...
Business
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Japan’s Masaki Kashiwara wins Abel Prize for mathematics
Arts & Culture
From cars to champagne: Trump’s expanding tariffs trigger trade war fears
Paris, France -- From champagne to steel and now cars: it is getting harder to keep up with US President...
Geostrategy
Lebanon cabinet appoints Karim Souaid central bank governor
Born in 1964, Souaid officially takes over after embattled former chief Riad Salameh's term expired in July 2023 with no...
Geostrategy
Israel PM threatens to seize parts of Gaza over fate of hostages
Prime Minister Benjamin Netanyahu threatened Wednesday to seize parts of Gaza if Hamas did not release hostages, while the militant...
Geostrategy
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Economy
Trump announces 25% tariffs on foreign-built vehicles
US President Donald Trump has announced steep tariffs on auto imports and parts, provoking threats of retaliation from trading partners...
- The duties take effect at 12:01 am (0401 GMT) on April 3 and impact foreign-made cars and light trucks while key automobile parts will also be hit within the month
- But the White House added that vehicles entering under the US-Mexico-Canada Agreement (USMCA) can qualify for a lower rate depending on their American content
Geostrategy
Macron hosts European leaders to discuss Ukraine’s security amid ceasefire talks with Russia
The meeting is seeking to set out what security guarantees Europe can offer Ukraine once a ceasefire deal is agreed,...
- Speaking alongside Zelensky in Paris on Wednesday ahead of the talks, Macron said this was now a "decisive phase to put an end to the war of aggression"
- Macron also announced a new French two billion euro ($2.2 billion) military aid package for Ukraine, with Paris ready to rapidly ship existing hardware from its stocks
Geostrategy
Over a billion pounds of Coke plastic waste to enter waterways: study
Washington, United States -- By 2030, Coca-Cola products will account for an estimated 1.33 billion pounds (602,000 metric tons) of...
- Coca-Cola ranks as the world's top branded plastic polluter, followed by PepsiCo, Nestle, Danone, and Altria, according to a 2024 study published in Science Advances.
- Oceana's estimate is based on Coca-Cola's publicly reported packaging data from 2018 to 2023, combined with sales growth forecasts to create a "business-as-usual" scenario.