Tesla Q1 sales sink 13 percent
The dip occurred amid lower production during factory upgrades.
Business
Geostrategy
Ukraine, US delegations to meet in Jeddah next week: Saudi
Riyadh, Saudi Arabia -- Saudi Arabia on Friday welcomed a meeting between the United States and Ukraine due next week...
- Saudi Arabia last month hosted a Russian-American meeting -- the first high-level talks between the two governments since the Ukraine war began in 2022.
- Relations between the US and Ukraine have rapidly deteriorated after an explosive meeting at the White House led to Washington cutting off military aid and intelligence sharing.
Geostrategy
UNRWA warns Israel’s West Bank operation aligns with annexation ‘vision’
The Israeli operation, which the military says targets militants in the northern West Bank, was launched shortly after a truce...
- Israeli forces carry out regular raids targeting militants in the West Bank, occupied since 1967, but the ongoing operation since late January is already the longest in two decades
- Israeli Defence Minister Israel Katz has said troops would remain for many months in the evacuated camps to "prevent the return of residents and the resurgence of terrorism."
Geostrategy
Hamas says Trump’s ‘DEAD’ threat to Gaza undermines ceasefire
"Release all of the Hostages now, not later, and immediately return all of the dead bodies of the people you...
- Trump said later he was "sending Israel everything it needs to finish the job" as his administration expedites billions of dollars in weapons.
- "These threats complicate matters regarding the ceasefire agreement and encourage the occupation to avoid implementing its terms," said Hamas spokesman Hazem Qasim.
Geostrategy
Arab leaders propose Gaza reconstruction under Palestinian Authority, reject Trump’s takeover plan
The prospect of the Palestinian Authority (PA) governing Gaza remains far from certain, however, with Israel having ruled out any...
- Tuesday's Arab League summit in Cairo offered an alternative with the adoption of a "comprehensive Arab plan."
- It announced the establishment of a trust fund to pay for the territory's reconstruction, and urged the international community to back it
Business
China, Canada retaliate to Trump tariff war as markets fall
Washington, United States -- Mounting trade wars between the United States and its largest economic partners deepened Tuesday as huge...
- Trump had announced -- and then paused -- blanket 25 percent tariffs on imports from major trading partners Canada and Mexico in February.
- The duties will hit over $918 billion in US imports from both countries, and are set to hamper supply chains for key sectors like automobiles and construction materials.
Economy
China says will fight to ‘bitter end’ if US pushes trade war
Pressure from Trump could motivate Beijing to strengthen the kinds of support for the economy seen last year -- interest...
- China is grappling with a prolonged property sector crisis and high youth unemployment
- China plans to deal with an increasingly unpredictable United States, its largest trading partner
Geostrategy
Gazans face food shortages, price hikes as Israel blocks aid amid ceasefire negotiations stalemate
Despite ceasefire negotiations, Gaza’s humanitarian situation remains critical, with markets facing inflation, displaced residents lacking proper shelter, and aid workers...
- Humanitarian groups warn that the aid suspension is worsening an already dire crisis in Gaza.
- Hamas official claims Israel allowed only 15 out of 65,000 promised mobile homes into Gaza
Business
Bitcoin falls below $80,000 first time since November amid market volatility
Hong Kong, China -- Bitcoin sank below $80,000 on Friday for the first time in more than three months as...
- The digital unit fell to as low as $79,525.88 in early Asian trade -- its lowest level since November 11 and sharply down from the record above $109,000 seen just last month.
- The unit saw an eye-watering rally after Donald Trump's election victory in November after he promised on the campaign trail to free up regulations surrounding digital token.
Geostrategy
Mediators hope for end to conflict as next phase of Gaza ceasefire talks in Cairo begins
Mediator Egypt say Israeli, Qatari and US delegations were already in Cairo for "intensive" talks on the next stage of...
- A hostage-Palestinian detainees swap early Thursday was the final one under the initial stage of the truce that took effect on January 19.
- Over the past several weeks, Hamas freed in stages 25 living Israeli and dual-national hostages and returned the bodies of eight others.
Geostrategy
Hamas, Israel prisoner swap advances as talks for ceasefire’s next phase loom
Israeli authorities received four hostage bodies from Hamas, while Palestinian prisoners were welcomed in Ramallah, as ceasefire negotiations involving Egypt,...
- The office of Prime Minister Benjamin Netanyahu confirmed they had received the coffins of "four fallen hostages", and a process to formally identify them had started in Israel
- The ceasefire has largely halted the war sparked by Hamas's October 7, 2023 attack on Israel, and seen 25 hostages released alive so far in exchange for more than 1,100 prisoners
Tesla Q1 sales sink 13 percent
The dip occurred amid lower production during factory upgrades.
Business
Company News
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Iran says it has responded to Trump’s nuclear talks letter
Iran has sent a response to a letter from US President Donald Trump that called for nuclear talks and warned...
Geostrategy
Lawyer complains Turkish student held in US ‘abducted’
A lawyer representing a Turkish university student detained in the United States and facing deportation said Thursday that his client...
Geostrategy
Palestinian sources say Hamas, mediators in new talks to revive Gaza truce, hostage release deal
Negotiations between Hamas and Israel, mediated by Egypt along with Qatar and the United States, have been deadlocked for weeks...
Geostrategy
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Business
Automakers lead market losses after Trump tariffs on imported vehicles
Wall Street's main indexes opened in the red, with General Motors sinking more than nine percent in early trading while...
- Among European auto firms, Volkswagen shed 2.4 percent, Porsche was down around 3.5 percent, Mercedes lost four percent and BMW fell 2.7 percent.
- In Mumbai, India's Tata Motors, which exports Jaguar Land Rovers to the United States, lost more than five percent.
Geostrategy
From cars to champagne: Trump’s expanding tariffs trigger trade war fears
Paris, France -- From champagne to steel and now cars: it is getting harder to keep up with US President...
- In early March, Trump imposed a 20 percent tariff on products from China, which has a huge trade surplus with the United States and was already his top target during his first term
- Trump announced earlier he would slap 25-percent tariffs on imports from countries buying oil and gas from Venezuela, a punitive measure that could hit China and India.
Geostrategy
Lebanon cabinet appoints Karim Souaid central bank governor
Born in 1964, Souaid officially takes over after embattled former chief Riad Salameh's term expired in July 2023 with no...
- First vice-governor Wassim Manssouri had been acting head of the bank, a post that is traditionally reserved for a Maronite Christian in Lebanon's sectarian power-sharing system.
- Souaid is the founder and managing partner at Gulf-based Growthgate, according to his biography on the private investment firm's website.