Conflicts and related fatalities triple since 2000, fueling extreme poverty: WB
Washington, United States -- Conflicts and related fatalities have more than tripled since the early 2000s, fueling extreme poverty, the...
Geostrategy
UN climate chief warns ‘lot more to do’ before COP30
UN climate chief Simon Stiell urged countries on Thursday to accelerate negotiations ahead of the COP30 in Brazil as there...
Science
Business
Dubai watches with awe rare rough ruby
A rare rough ruby dubbed one of the world's biggest has gone on display for the first time ahead of...
- The 8,400-carat stone -- nicknamed Burj Alhamal and weighing 2.8 kilograms (over six pounds) -- was mined in Tanzania and made its debut at a Dubai hotel on Friday
- Local reports have suggested the rough ruby with greenish and dark-purple hues could fetch up to $120 million
Geostrategy
Russia hits Kyiv missile factory after flagship sunk
Russia pounded a Ukrainian rocket factory following the sinking of its Black Sea flagship, as President Volodymyr Zelensky said his...
- Russia said it had used sea-based long-range missiles to hit the plant, which Ukraine's state weapons manufacturer says produced Neptune cruise missiles
- The Moskva had been leading Russia's naval effort in the seven-week conflict, and the fate of its crew of more than 500 was uncertain
Business
Elon Musk’s move to buy Twitter faces roadblocks
Even for the richest person on the planet, buying Twitter was always going to be a challenge –- a highly...
- Even with a moderate and inflexible proposal, which could help the board argue for rejection, itthat could end in lawsuits from just about everyone involved
- Musk has the option of sidestepping the board and trying to buy shares directly from shareholders on the market
Business
Twitter throttles Musk bid
It is to ensure that he doesn’t get a controlling stake in Twitter.
- Elon Musk's proposed buyout faces several hazards, including possible rejection and the challenge of assembling the money
- Musk buying Twitter could have significant impacts on the globally-used social media platform if the deal is consummated
Geostrategy
Iran Guards say ship smuggling fuel seized in Gulf, 7 arrests
Iran's Revolutionary Guards said Friday they seized another vessel smuggling fuel in the Gulf and arrested its seven crew members,...
- The incident comes in the wake of a wave of seizures of vessels in the sea lanes serving the Gulf, where a large portion of the world's oil is produced and shipped.
- Last week, Iran announced its seizure of a foreign boat carrying over 220,000 liters of smuggled fuel and the arrest of its 11 crew members, without giving further details.
Economy
Euro slides to two-year low as ECB dithers over rate hike
The euro slumped to a near two-year low on Thursday after the European Central Bank remained vague about when it...
- The drop in the single currency helped boost European stocks, while Wall Street equities resumed a downward slide amid worries over tightening US monetary policy
- The euro took a knock after the ECB's decision, slipping under $1.08 for the first time since May 2020, falling as low as $1.0758
Geostrategy
Israel to top up shrinking Sea of Galilee with desalinated water
Israel, a leader in making seawater drinkable, plans to pump excess output from its desalination plants into the Sea of...
- Irregular rainfall, rising temperatures and intensive pumping have overtaxed the world's lowest freshwater lake, which has served as the Jewish state's main sweetwater reservoir.
- Israel now plans to tackle the challenge by reversing the water flow through its vast network of pumps, pipes and tunnels dating to the 1960s, the National Water Carrier.
Economy
Sri Lanka imposes fuel rationing as economic crisis worsens
Cash-strapped Sri Lanka imposed fuel rationing on Friday in another worsening of the economic crisis that has sparked widespread demonstrations...
- The state-run Ceylon Petroleum Corporation (CPC), which accounts for two-thirds of the retail fuel market, said it would limit the quantities drivers can buy
- Energy ministry officials said they expected the country's other fuel retailer, Lanka IOC -- the local unit of Indian Oil Corporation -- to follow suit
Geostrategy
Iran begins production at centrifuge component workshop
Iran has started making components for machines used to enrich uranium at a new workshop in Natanz, the country's main...
- The new workshop replaces a nuclear facility in Karaj, near Tehran, after an attack there last year, which Iran said was an act of sabotage
- World powers are negotiating to revive a 2015 landmark agreement to rein in Iran's nuclear activities in exchange for sanctions relief
Geostrategy
More than 100 hurt in violence in Al-Aqsa compound
More than 100 people were wounded Friday in clashes between Palestinian demonstrators and Israeli police at Jerusalem's Al-Aqsa mosque compound....
- The latest clashes come after three tense weeks of deadly violence in Israel and the occupied West Bank, and as Passover and Easter overlap with Ramadan
- The mosque compound is at the heart of the Israeli-Palestinian conflict, falling within Israeli-annexed east Jerusalem
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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
Conflicts and related fatalities triple since 2000, fueling extreme poverty: WB
Washington, United States -- Conflicts and related fatalities have more than tripled since the early 2000s, fueling extreme poverty, the...
Geostrategy
Company News
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Israeli negotiators to arrive in Qatar for hostage talks
According to local media reports, the country's war cabinet endorsed the decision to dispatch negotiators to Qatar to continue talks...
Geostrategy
British lawmaker suspended over ‘Islamophobic’ comments
London, UK - Britain's ruling Conservatives on Saturday suspended their former deputy chairman from the parliamentary party, after he refused to...
Geostrategy
US lunar landing a ‘historic achievement’, says Biden
Washington, US - President Joe Biden on Saturday hailed the landing of a US spacecraft on the Moon as a historic...
Science
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Geostrategy
Gazans suffer from hunger, displacement as war rages
Palestinian Territories - At the Jabalia refugee camp in northern Gaza, Abu Gibril was so desperate for food to feed...
- The World Food Program said its teams reported "unprecedented levels of desperation" while the UN warned that 2.2 million people were on the brink of famine.
- On Friday, the health ministry in Hamas-run Gaza said a two-month-old baby died of malnutrition in hospital in Gaza City, seven kilometers away from Jabalia.
Geostrategy
Israeli strikes kill dozens in Gaza as truce talks continue in Paris
The negotiations come after a plan for a post-war Gaza unveiled by Israeli Prime Minister Benjamin Netanyahu drew criticism from...
- Hamas said on Saturday morning that Israeli forces had launched over 70 strikes on civilian homes in Deir al-Balah, Khan Yunis and Rafah.
- An Israeli air strike on Friday destroyed the Gaza home of well-known Palestinian comedian Mahmoud Zuaiter, killing at least 23 people.
Geostrategy
NORAD fighters intercept high-altitude balloon over US
WASHINGTON, US – A small balloon floating at a high altitude over the US state of Utah was intercepted by fighter...
- The US Federal Aviation Administration (FAA) "also determined the balloon posed no hazard to flight safety," according to NORAD.
- An unnamed US official told CBS News the balloon had a cube-shaped box about two feet long on each side hanging below it.