Iran strikes damage hard to assess under Israeli military censorship
Such regulations are nothing new in Israel, where any written or visual publication deemed potentially harmful to the loosely defined...
Geostrategy
Iran lawmakers back suspending cooperation with UN nuclear watchdog
Tehran, Iran -- Iranian lawmakers voted Wednesday in favor of suspending cooperation with the United Nations' atomic energy watchdog, state...
Geostrategy
Science
‘Mystery’ boson finding contradicts understanding of universe
The W boson governs what is called the weak force, one of the four fundamental forces of nature, and therefore...
- The W boson governs what is called the weak force, one of the four fundamental forces of nature, and therefore a pillar of the Standard Model
- These collisions -- made by smashing particles together at mind-bending speeds to study them -- were done by the Tevatron collider in the US state of Illinois
Business
Shanghai lockdown snarls world’s busiest port and China supply chains
Beijing has refused to budge from its strict zero-Covid strategy, and that has forced many companies to halt production and...
- Shanghai has been sealed off almost entirely for a week following a Covid-19 outbreak fueled by the Omicron variant
- The financial hub of China, Shanghai is home to multinational firms and as well as the country’s busiest port
Science
First private mission readies for launch to ISS
Takeoff is set for 11:17 am (1517 GMT) from the Kennedy Space Center in Florida on a SpaceX rocket.
- Commanding the Axiom-1 mission will be former NASA astronaut Michael Lopez-Alegria, a dual citizen of the United States and Spain
- He accompanies American real-estate investor Larry Connor, Canadian businessman Mark Pathy, and Israeli fighter pilot-turned-entrepreneur Eytan Stibbe
Science
Omicron lasts three days less than Delta for boosted: Study
People who are vaccinated and have had a booster shot against Covid-19 recover from symptoms from the Omicron variant more...
- The study also found that people with Omicron are significantly less likely to lose their sense of smell, and confirmed previous research that it is less severe
- People who had two doses but no booster shot saw Omicron symptoms clear up in 8.3 days, compared to 9.6 days for Delta
Geostrategy
Spain’s Sanchez visits Morocco as tensions ease
The move came after Madrid reversed decades of neutrality on the Western Sahara conflict in a U-turn that has angered...
- Morocco lays claim to the Western Sahara as an integral part of it and sees it as a sensitive issue of security and national pride
- The desert territory boasts rich Atlantic fishing waters, phosphate resources and a route to lucrative markets in West Africa
Economy
Yemen president cedes powers to council as ceasefire holds
Houthi spokesman Mohammed Abdulsalam dismissed the move by President Abedrabbo Mansour Hadi as ‘a desperate attempt to rearrange the ranks...
- A United Nations-brokered truce that started on Saturday has offered a glimmer of hope in the conflict amid the humanitarian crisis
- The truce came as peace talks were unfolding in Riyadh without the participation of the Houthis, who refused talks on ‘enemy’ territory
Economy
IMF, Lebanon strike conditional deal on $3 bn aid
The IMF announced Thursday a conditional agreement to provide Lebanon with $3 billion in aid to help it emerge from...
- The country has been battered by triple-digit inflation, soaring poverty rates and the collapse of its currency since a 2020 debt default
- Experts reiterated doubts over the willingness of Lebanon's political elite, widely blamed for endemic corruption, to implement the reforms needed to resuscitate the economy
Business
Toshiba pauses spin-off plan
The Japanese firm will now weigh the possibility of going private.
- It was the latest setback for the engineering giant, which was once a symbol of Japan's tech and business prowess
- Toshiba has since then faced a series of scandals, financial troubles and shock high-level resignations in recent years
Geostrategy
Saudi sending envoy to Lebanon after Yemen war spat: State media
A diplomatic crisis broke out last October after the then-information minister George Kordahi was quoted criticizing the Saudi role in...
- The diplomatic row, which has also seen Saudi Arabia ban the imports of Lebanese goods, was a blow to a country already in the grip of economic crisis.
- We stress the fact that Lebanon is proud of its Arab allegiance and is adamant on maintaining the best ties with Gulf nations, PM Najib Mikati tweeted.
Business
Fuel price fall by five percent as demand takes a hit
The pullback came as US Federal Reserve meeting minutes showed several officials at the central bank favoring a hike in...
- Brent oil futures for June delivery fell 5.2 percent to $101.07 per barrel, while West Texas Intermediate for delivery in May slid 5.6 percent
- Oil executives rejected suggestions they had withheld supply to drive up prices and said they are in the process of increasing investments in response to higher commodity prices.
Most Read
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
Iran strikes damage hard to assess under Israeli military censorship
Such regulations are nothing new in Israel, where any written or visual publication deemed potentially harmful to the loosely defined...
Geostrategy
Company News
Latest News
Lloyds Group profit is $6.2bn
High interest rates benefitted the British lender and banking sector as a whole.
Business
Asian markets up, Tokyo hits record as US tech earnings jump
Hong Kong, China - Asian markets rose on Thursday, with Tokyo's benchmark index posting a record high after greater-than-expected earnings from...
Business
Rolls-Royce back into profit
The engine maker swung to profit of $3bn from a loss of $1.64bn in 2022.
Business
Most Read
Vietjet to buy 20 A330-900 planes
The company signed MoU with Airbus for the widebody aircraft.
- Vietjet signed MoU with Airbus for the widebody aircraft, which will replace its current fleet of leased A330-300 planes, Airbus said in a statement
- At list prices, the Vietjet order would be worth $5.9 billion, but customers usually get a discount when making bulk aircraft orders
Business
Nestle net profits up 20.9%
Sales grew 7.2% in value terms, fell 0.3% in volume.
- Nestle said turnover fell as a rising Swiss franc and a slight fall in sales volumes balanced out higher prices
- The maker of Nespresso, Maggi seasonings, and the Smarties range of sweets said turnover fell 1.5 percent
Business
Qantas half-year profits slide
Its net profit dropped 13.2% to US$570 million.
- Qantas said its net profit dropped 13.2 percent year-on-year to US$570 million in the six months to December 31
- The airline said travel demand was strong, led by the leisure sector but with business travel now approaching pre-Covid-19 levels