Trump metal tariffs wreak havoc on US factory
Belcamp, United States -- In the sweltering US summer, metal containers decorated with snowmen and sleighs are taking shape --...
Business
Morocco’s Atlantic gambit: linking restive Sahel to ocean
Dubai, UAE -- A planned trade corridor linking the landlocked Sahel to the Atlantic is at the heart of an...
Geostrategy
Geostrategy
Turkey envoy meets Zelensky in Ukraine amid mediation
Turkey hosted a meeting between Moscow and Kyiv negotiators in Istanbul and another between Russian Foreign Minister Sergei Lavrov and...
- There were no immediate details about the content of the Turkish envoy’s meetings in Kyiv
- Ankara has been mediating between Ukraine and Russia in efforts to end the war in Europe
Business
Former tennis star jailed in Britain over bankruptcy
Former tennis star Boris Becker was on Friday jailed for two and a half years after being found guilty by...
- Becker also failed to declare a property in Germany and concealed 825,000 euros ($866,500) of debt and shares in a tech firm
- The six-time Grand Slam champion, 54, will serve half of the term having being convicted at Southwark Crown Court in London
Business
India seizes $725m from China’s Xiaomi over ‘illegal’ remittances
India seized $725 million from the local bank accounts of Xiaomi after a probe found the Chinese smartphone giant unlawfully...
- India's financial crime investigations agency began investigating the company in February and said it seized the money from the firm's local arm
- Relations between New Delhi and Beijing have been at a low ebb since a deadly Himalayan border clash between soldiers from both countries in 2020
Geostrategy
Turkey air force pulls out of military exercise in Greece
Turkey's air force has pulled out of a military exercise scheduled to be held in Greece next month, security sources...
- Turkish security sources said host countries draft a text each year made up of technical regulations ahead of the planned exercise and this year
- The sources accused Greek authorities of making additions into the document that "abuse disagreements between the two countries," without providing precise details
Geostrategy
Iraq PM says Saudi-Iran tension near end
An end to years of tension between regional rivals Iran and Saudi Arabia is near, Iraqi Prime Minister Mustafa al-Kadhemi...
- Iran and the Saudi kingdom support rival sides in several conflict zones across the region
- On Tuesday, the spokesman for Iraq's Foreign Ministry, Ahmed al-Sahaf, said the talks "are continuing''
Geostrategy
Top Algeria opposition figure arrested: rights groups
One of Algeria's leading opposition figures, Karim Tabbou, has been arrested again, rights groups have said. Tabbou was one of...
- Tabbou was one of the most-recognizable faces during unprecedented mass rallies, led by the Hirak pro-democracy movement, that began in February 2019
- He was detained Friday evening at his home, the rights groups said
Economy
Indonesia’s palm oil export ban heats up vegetable oil market
Indonesia's decision to suspend palm oil exports in the face of domestic shortages has pushed vegetable oil prices to new...
- Indonesia's export ban is designed to bring down prices in the country and limit shortages, according to authorities
- Indonesia's palm oil storage system, which was already holding substantial reserves, is now under further stress
Geostrategy
Russia admits striking Kyiv during UN chief’s visit
Russia's defense ministry said it had deployed "high-precision, long-range air-based weapons" that "destroyed the production buildings of the Artyom missile...
- Zelensky called for global response to recent strikes saying that "brutal humiliation of the UN by Russia has gone unanswered."
- Germany said, Thursday's "inhumane" airstrike on Ukraine showed that Putin has "no respect whatsoever for international law"
Geostrategy
North Korea leader warns of ‘preemptive’ use of nuclear force
Pyongyang should continue to build up its arsenal so that it can have the "overwhelming military muscle that no force...
- Kim Jong Un could use his atomic arsenal if North Korea's "fundamental interests" were threatened
- Kim's warning shows that he is not open to talk with South Korea's new government, analysts say
Geostrategy
Russia urges US, NATO to halt Kyiv arms supply: state media
Russia's foreign minister urged the US and NATO to stop supplying Kyiv with arms if they are "really interested in...
- Sergei Lavrov told China's official Xinhua news agency that the "special military operation... is proceeding strictly according to plan."
- The Kremlin had previously called Western arms deliveries to Ukraine a threat to European security.
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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
Trump metal tariffs wreak havoc on US factory
Belcamp, United States -- In the sweltering US summer, metal containers decorated with snowmen and sleighs are taking shape --...
Business
Company News
Latest News
Israel minister says Arab trade ties unfazed by Gaza war
In January, Israel's cabinet approved an additional 55 billion shekels ($15 billion) to meet the cost of the war, while...
Meta chief discusses AI risks with Japan PM during Asia tour
The 39-year-old mixed business with pleasure while in Japan, going skiing with his family and learning about sword-making from a...
Business
Most Read
AI the new obsession for venture capital investing
Stung by the struggles of cryptocurrency and other faded Silicon Valley fads of recent years, venture capitalists have quickly doubled...
- While layoffs and budget tightening became routine at tech firms last year, startups in the AI sector raised nearly $50 billion from investor, according to market trackers
- Scared off by the cost of entry, many venture capitalists have turned their attention to more narrowly focused AI startups that could shake up banking, healthcare and energy
Iran gears up for elections dominated by conservatives
Conservative daily Vatan-e-Emrouz hailed what it called the population's "interest in the candidates' electoral campaigns", which began on February 22....
- The vote comes amid mounting economic difficulties in Iran, which has also been grappling with the fallout of mass protests triggered by the 2022 death in custody of Mahsa Amini
- The Islamic republic's supreme leader Ayatollah Ali Khamenei is due to be the first to cast his ballot on Friday at 8:00 am (0430 GMT) at one of the 59,000 polling stations
Business
Nissan plans self-driving taxi service in Japan
It has been testing self-driving mobility services since 2017.
- Nissan said it will begin trials of the commercial service in the upcoming financial year from April, using minivans in south of Tokyo
- The company says it has been "testing business models for self-driving mobility services in Japan and abroad since 2017"