UAE to introduce 15% tax rate on corporate profit from Jan 2025
Dubai, United Arab Emirates -- The United Arab Emirates, home to the regional headquarters of numerous multinational companies, said Monday it...
Business
Trump touts tariffs, mass deportations and NATO skepticism
In his first formal television interview -- and just six weeks before he takes office -- Trump again signaled that...
Geostrategy
Geostrategy
Trump tells Israel media ‘you’re losing support’ over Gaza war
Former US president Donald Trump warned Israel in an interview that it was losing support over the war in Gaza....
- Trump frequently touts himself as a devoted ally of Israel, pointing to his decision to move the US embassy to Jerusalem.
- The former US President said he would have responded to Hamas's attack "very much the same way" Israel did.
Geostrategy
UN expert accuses Israel of several acts of ‘genocide’ in Gaza
"The overwhelming nature and scale of Israel's assault on Gaza and the destructive conditions of life it has inflicted reveal...
- United Nations chief Antonio Guterres meanwhile defended the UN agency for Palestinian refugees, UNRWA, describing it as a "lifeline of hope and dignity".
- "In a darkening world, UNRWA is the one ray of light for millions of people. I see that hope here. Now more than ever, we must not take away that hope"
Geostrategy
UN adopts resolution on immediate Gaza truce as US abstains
All 14 other members voted in favor of the resolution which "demands an immediate ceasefire" for Ramadan. The resolution calls...
- "The bloodbath has continued for far too long," said Amar Bendjama, the representative of Algeria, the Arab bloc's current member of the Council and a sponsor of the resolution.
- The United States had repeatedly blocked Security Council resolutions that put pressure on Israel but has increasingly shown frustration with its ally as civilian casualties mount.
Business
Mubadala acquires KELIX bio
KELIX bio is a specialty pharmaceutical business.
- KELIX bio was incepted in November 2020, and has since acquired manufacturing businesses in India, Egypt, Malta and Morocco.
- Mubadala said the acquisition aligns with Mubadala's goal to position the UAE prominently in the global life sciences sector.
Geostrategy
European Union probes Apple, Google, Meta under new digital law
Among six firms named as market "gatekeepers" under the EU's landmark Digital Markets Act -- along with Amazon, TikTok owner...
- The European Commission, the EU's antitrust regulator, said it suspects the measures the firms have put in place so far "fall short of effective compliance".
- Under the new rules, the commission can impose fines of up to 10 percent of a company's total global turnover. This can rise to up to 20 percent for repeat offenders.
Business
Nissan to shrink EV production costs
The automaker will slash production costs by 30 percent.
- By 2030, Nissan aims to make electric models at the same price as traditional combustion engine cars, the firm said as it announced a new mid-term strategy
- Japanese auto giant Nissan said Monday it aims to launch 30 new models over the next three years, 16 of which would be "electrified"
Geostrategy
Singapore makes Israel embassy delete ‘insensitive’ Palestinian post
Singapore, Singapore--Singapore made the Israeli embassy in the city-state take down an "insensitive" social media post about the Palestinians over the...
- Singapore's Minister for Home Affairs K. Shanmugam said he asked Singapore's foreign ministry to tell the Israeli embassy to remove the post
- The minister said the post was insensitive and inappropriate. and carried the risk of undermining our safety, security and harmony in Singapore
Geostrategy
Macron warns Israel over any Rafah forced population transfer
In a telephone call between the two leaders, Macron also "strongly condemned" Israel's announcement Friday of the seizure of 800...
- Macron told Netanyahu France would bring a draft resolution to the UNSC calling for a "lasting ceasefire"
- Emmanuel Macron had talks with Jordan's King Abdullah II, discussing the "humanitarian situation in Gaza"
Geostrategy
Christians of Gaza pray for peace in times of war and destruction
Christian families from Gaza have found refuge inside the church with the memory of two women killed in December by...
- Worshippers inside the church in their dress clothes lined the wooden pews decorated with palm fronds for the service marking the start of Easter week
- Away from Gaza, Palestinian Christians marked Palm Sunday in Jerusalem with the fate of the people trapped by war weighing heavily upon them
Geostrategy
China supports new UNSC draft resolution on Gaza ceasefire
Last Friday, the Security Council voted on a draft submitted by the United States that called for an "immediate" ceasefire...
- The health ministry in the Hamas-run Gaza Strip on Sunday put the total death toll in the territory at 32,226, most of them women and children
- Permanent Council member and key Israel backer the United States has unequivocally supported Israel's right to defend itself following Hamas's attacks
UAE to introduce 15% tax rate on corporate profit from Jan 2025
Dubai, United Arab Emirates -- The United Arab Emirates, home to the regional headquarters of numerous multinational companies, said Monday it...
Business
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Hezbollah says it clashed with Israeli troops who tried to ‘infiltrate’ Lebanon
Hezbollah said Wednesday it clashed with Israeli soldiers who tried to infiltrate into Lebanon, and also targeted Israeli troops across...
Geostrategy
Microsoft beefs-up its AI assistant with voice, vision
San Francisco, United States - Microsoft on Tuesday doubled down on deploying artificial intelligence to consumers, releasing an updated version of...
Business
GM reports US sales dip, that of EVs grew
The big Detroit automaker reported 659,601 US sales during the period.
Business
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Geostrategy
Updates: Iran launches missile attack on Israel
Iran has launched a missile attack on Israel's commercial hub Tel Aviv, state media reported Tuesday. The official IRNA news...
- Dozens of explosions boomed across Jerusalem on Tuesday night as air raid sirens rang out
- Air traffic paused at Israel's Ben Gurion airport: spokesman
Business
Covestro accepts ADNOC takeover bid
The deal values German chemicals group at $13.3bn.
- Under the terms of the agreement, valid until the end of 2028, ADNOC will make an offer for all remaining Covestro stock at a price of 62 euros per share.
- ADNOC will also inject around 1.2 billion euros into the chemicals firm through the issuance of new shares, once the deal is completed.
US says Iran preparing imminent missile attack on Israel
Iran is preparing an imminent ballistic missile attack against Israel, the United States said on Tuesday, warning that any such...
- "We are actively supporting defensive preparations to defend Israel against this attack," says US
- Hezbollah said it targeted an air base in Tel Aviv in retaliation for attacks on civilians in Lebanon