Trump sees ‘progress’ on Gaza, raising hopes for ceasefire
"I think great progress is being made on Gaza," Trump said, adding that his special envoy Steve Witkoff had told...
Geostrategy
US Fed chair signals no rush for rate cuts despite Trump pressure
The Fed has a duty to prevent a one-time spike in prices from becoming an "ongoing inflation problem," said Federal...
Economy
Geostrategy
Ukraine claims Kyiv region as Russia pullback reveals aftermath
Ukrainian authorities said Saturday the body of a well-known photographer, Maks Levin, had been found near a village in the...
- In Bucha, 16 of the 20 corpses found on one street were lying either on the pavement or by the verge
- Three were in the middle of the road, and another lay on his side in the courtyard of a destroyed house
Business
Iraq exports oil worth $11bn in March, a fifty-year record
Iraq exported $11.07 billion of oil last month, the highest level for half a century, as crude prices soared amid...
- The figures published late Friday are preliminary data but final data "generally does not vary" much
- Oil revenues are financially crucial for Iraq's government, with the country mired in a financial crisis
Business
Iran to face off with US and England in football World Cup
Having fought to win the respect of Iran's football public, Dragan Skocic now has a World Cup showdown with England...
- England manager Gareth Southgate admitted he knew little about the Iranian team his side will face on the opening day of the World Cup
- FIFA has been urged to punish Iran for refusing to let women into a stadium for their last World Cup qualifier against Lebanon this week
India and Australia sign trade deal to cut tariffs
India and Australia signed an interim free trade deal on Saturday that cuts tariffs on billions of dollars of commerce...
- Both signatories are members of the Quad alliance with the United States and Japan, which is seen as a counterweight to an increasingly assertive China
- Two-way trade reached around $27.5 billion last year according to New Delhi, with resource-rich Australia exporting coal and other commodities, along with sheep meat
Geostrategy
Russia continues to batter Ukraine amid rescue efforts
Peace talks between Kyiv and Moscow resumed via video amid evacuations from Ukraine, but the Kremlin warned that what it...
- Mariupol has faced weeks of Russian shelling, with at least 5,000 killed, say local authorities
- The estimated 160,000 residents who remain face shortages of food, water and electricity
Economy
US allies agree to tap emergency oil reserves again
IAE repeated its warning that the prospect of large-scale disruptions to Russian oil production "is threatening to create a global...
- A ministerial meeting of IEA chaired by US Energy Secretary decided to tap its emergency oil reserve fifth times since 1991 to calm soaring energy prices
- IEA members had already vowed to release 62.7 million barrels of oil encouraged members to support Ukraine in the supply of oil products
Science
NASA begins critical final test on mega Moon rocket
Test milestones will be posted on NASA's blog for the Artemis mission, and the world will see the glimpse of...
- The "wet dress rehearsal" of Space Launch System rocket began, NASA confirmed in its Artemis blog at 5:00 pm Eastern Time
- NASA's blog for the Artemis mission will post the milestone of the test and world could see the glimpse of rocket venting vapor on the launch pad on its YouTube channel
Business
Ortega heiress heads Zara parent
Marta Ortega on Friday took the reins of Zara-owner Inditex.
- Worth some €62 billion, Zara-parent Inditex nearly tripled its profits last year to €3.2 billion
- However, its outlook for 2022 has been overshadowed by Russia's invasion of Ukraine
Geostrategy
Pentagon commits extra $300m in security aid to Ukraine
The package includes laser-guided rocket systems, drones, ammunition, night-vision devices, tactical secure communications systems, medical supplies and spare parts
- The package includes laser-guided rocket systems, drones, ammunition, night-vision devices, tactical secure communications systems, medical supplies and spare parts
- On Wednesday, US President Joe Biden and Ukrainian President Volodymyr Zelensky discussed "additional capabilities" to help the Ukrainian military
Geostrategy
Algeria warns of possible gas price rise for Spain
Algiers last month recalled its ambassador from Madrid in protest at a decision by Spain to back a Moroccan autonomy...
- Algiers last month recalled its ambassador from Madrid in protest at a decision by Spain to back a Moroccan autonomy plan for the ex-Spanish colony of Western Sahara
- Algeria has condemned the "abrupt about-turn" by Madrid, which had previously sought to maintain neutrality in the decades-old conflict
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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 sees ‘progress’ on Gaza, raising hopes for ceasefire
"I think great progress is being made on Gaza," Trump said, adding that his special envoy Steve Witkoff had told...
Geostrategy
Company News
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Europe’s gas demand at 10-year low, to peak in 2025: report
The invasion of Ukraine by Russia triggered a massive shift by European nations away from Russian natural gas delivered by...
Business
HSBC posts record profit of US$30.3bn
The bank would initiate a share buyback of up to US$2 billion.
Business
Musk says patient moves cursor with brain implant
The Neuralink startup, cofounded by Musk in 2016, aims to build direct communication channels between the brain and computers. The...
Science
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Pakistan parties reach power-sharing agreement, Khan loyalists left out
After weeks of negotiations, Khan's adversaries announced at a late-night press conference in the capital Islamabad that a power-sharing agreement...
- The army-backed Pakistan Muslim League-Nawaz (PML-N) and The Pakistan Peoples Party (PPP) said they had settled days of negotiations on securing a majority
- Candidates loyal to Khan's Pakistan Tehreek-e-Insaf (PTI) party won the most seats but were forced to stand as independents following a sweeping crackdown on the party
Geostrategy
Pentagon confirms Houthis shot down drone off Yemen
The downing of the drone came the same day that the Houthi rebels targeted two US-owned merchant vessels as they...
- A Pentagon official said the drone was shot down by a Houthi surface-to-air missile
- The Houthis that they had targeted "two American ships in the Gulf of Aden"
Science
What to know about the NASA-funded commercial Moon fleet
Washington, United States - The year 2024 promises to be a busy one for American Moon landings, all under a new...
- Fourteen companies have been pre-selected to be in the running for contracts, with eight firm missions so far planned
- Many of the companies involved are considered fledging, rather than legacy aerospace giants, reflecting the initiative's experimental nature