British FM David Lammy in Turkey to bolster trade ties
Britain's top diplomat David Lammy held top-level talks in Ankara Monday that touched on developments in the Middle East and...
Geostrategy
Meta spending big on AI talent but will it pay off?
New York, United States - Mark Zuckerberg and Meta are spending billions of dollars for top talent to make up...
Business
Economy
Between searing drought and the Ukraine war, Iraq watchful over wheat
Iraq will have to import wheat this year as it may only grow 2.5-3 million tons of wheat, "not enough...
- Searing heat and a lack of rain were already threatening harvest in Iraq and now soaring oil and high-yield seed prices has become another financial burden for farmers
- Hamid al-Nayef said that the government was helping farmers by raising the purchase price in order to pay producers around $500 per ton of wheat
Business
Companies envision taxis flying above jammed traffic
Companies such as Archer, Joby and Wisk are working on electric-powered aircraft that take off and land vertically like helicopters...
- Neighborhood parking garage rooftops or shopping mall lots could serve as departure or arrival pads for electric vertical take-off and landing aircraft
- Commuters would make it the rest of the way however they wish, even synching trips with car rideshare services such as Uber
Business
Nigerian airlines suspend flights over soaring fuel prices
The cost of fuel has soared worldwide since Russia invaded its neighbor Ukraine in February and the West responded by...
- A customer will have to pay 120,000 naira ($289) for a one-hour flight as fuel price soared which is unaffordable for Nigerians, so Airlines decided to stop flying
- Aviation ministry urged airlines to "consider the multiplier effect of shutting down operations, on Nigerians and global travelers"
Geostrategy
Civilians leave Azovstal as Ukraine fears fresh Russia offensive
Ukrainian President Volodymyr Zelensky said that hundreds of people had been removed from the Azovstal steel plant in Azov, and...
- Earlier, Ukraine's defense ministry said Russia had resumed their assault on the Azovstal site, despite talk of a truce to help trapped civilians
- Fighting continues on many other fronts, and Ukraine's defense ministry has said it has destroyed another Russian vessel in the Black Sea
Geostrategy
Ukraine claims it sank Russia’s warship near Black Sea
The traditional parade of the Russian Black Sea fleet on May 9 this year will be held near Snake Island...
- Ukraine's defense ministry said in a statement an armed drone had destroyed a Serna-class landing craft
- Earlier this month Ukraine said its drones destroyed two Russian patrol boats, also near Snake Island
Geostrategy
North Korea fires submarine-launched ballistic missile
North Korea fired a submarine-launched ballistic missile Saturday, Seoul said, its second missile launch in three days, after the United...
- Pyongyang has dramatically ramped up its sanctions-busting missile launches this year
- Satellite imagery indicates North Korea may also be preparing to resume nuclear testing
Business
Indonesia seizes tanker for defying palm oil export ban
The Indonesian Navy has seized a tanker that was carrying palm oil out of the country in violation of an...
- Indonesia, the world's largest producer of palm oil, prohibited its export last week to counter skyrocketing domestic prices and shortages
- The ship was carrying 34 containers containing refined, bleached, deodorized (RBD) palm olein which is temporarily prohibited for exports
Geostrategy
Taliban order women to wear all-covering burqa in public
The Taliban on Saturday imposed one of the harshest restrictions on Afghanistan's women since seizing power, ordering them to wear...
- But they have already imposed a slew of restrictions on women -- banning them from many government jobs, secondary education, and from traveling alone
- During their first regime, the Taliban had made the burqa compulsory for women
Business
Boehly consortium to buy Chelsea for record $5.2bn
Chelsea confirmed on Saturday that a consortium led by LA Dodgers co-owner Todd Boehly has won the battle to buy...
- Owner Roman Abramovich put Chelsea on the market in early March, just days before he was sanctioned by the British government following Russia's invasion of Ukraine
- The total value of the deal smashes the previous record for the sale of a sports team -- $2.4 billion for the New York Mets baseball franchise in 2020
Business
Facebook accused of blocking Australian health sites
"Facebook intentionally put lives at risk to protect its bottom line," said Whistleblower Aid chief Libby Liu.
- US based organization said that Facebook "overblocked" websites in Australia that were providing support for vulnerable people
- Australia had passed a law to force Facebook to negotiate with news content providers after the five days of blackout
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
British FM David Lammy in Turkey to bolster trade ties
Britain's top diplomat David Lammy held top-level talks in Ankara Monday that touched on developments in the Middle East and...
Geostrategy
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Global criticism of Israel after ‘massacre’ of Gazans lining for food
Global condemnation flowed after Israeli forces in war-ravaged Gaza opened fire as Palestinian civilians scrambled for food aid during a...
Geostrategy
France calls for ‘independent probe’ into killing of Palestinians receiving aid in Gaza
Paris, France--France wants an independent inquiry into the deaths of scores of Palestinians during an aid delivery in the northern Gaza...
Geostrategy
‘Difficult discussions’ as WTO talks extended for third time
The WTO -- the only international body dealing with the rules of trade between nations -- is under pressure to...
Geostrategy
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Geostrategy
Former US ambassador to plead guilty to spying for Cuba
Rocha additionally faces a lawsuit filed Thursday in Florida by the widow of Cuban dissident Oswaldo Paya. She alleges Rocha...
- Victor Manuel Rocha, 73, was held in December for what US officials called "one of the highest-reaching and longest-lasting infiltrations of the US government by a foreign agent
- Rocha, a naturalized US citizen originally from Colombia, allegedly began aiding Havana as a covert agent of Cuba's General Directorate of Intelligence (DGI) in 1981
Geostrategy
Split over Gaza and Ukraine, G20 meeting ends in discord
Brazil's Finance Minister Fernando Haddad told a news conference in Sao Paulo that it was "impossible" to reach a final...
- The group is divided over Gaza, with the US and allies reluctant to condemn Israel
- A French official insisted that Russia should be named as the aggressor in Ukraine
Geostrategy
WTO ministers struggle to forge deals as talks go into overtime
ABU DHABI, UAE – World trade ministers were locked in disagreement Thursday on fisheries subsidies, agriculture and digital customs duties as...
- The meeting opened with disagreements between the body's 164 member states on key issues that dominated the agenda of the talks.
- They include fisheries subsidies, agriculture and a moratorium on customs duties for digital transactions.