Turkey confirms Syria talks with Russia and Iran
A meeting was expected on the forum's sidelines between Turkey, and Damascus allies Iran and Russia.
Geostrategy
South Korean president clings to power after martial law U-turn
South Korean President Yoon Suk Yeol was still clinging to power Thursday, with his party announcing they will oppose an...
Geostrategy
UN says Israel may be using starvation as weapon of war
"The situation of hunger, starvation and famine is a result of Israel’s extensive restrictions on the entry and distribution of...
- The comments came after a UN-backed assessment determined that the war-torn Palestinian territory is facing imminent famine.
- Meanwhile, Israel's spy chief left Doha but talks over a Gaza ceasefire and hostage release are continuing in Qatar's capital.
Blinken to visit Saudi Arabia, Egypt to discuss Gaza ceasefire: spokesman
Blinken will hold talks with Saudi leaders in Jeddah on Wednesday before travelling to Cairo on Thursday for talks with...
- During his visit, Blinken will discuss "a political path for the Palestinians with security assurances with Israel, and an architecture for lasting peace and security in the region
- Blinken will also raise the imperative issue of ending attacks by Houthi rebels on commercial ships, to restore stability and security in the Red Sea, spokesman Matthew Miller said
Business
Saudi Aramco CEO calls energy transition strategy a failure
Pointing to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described the current...
- Fossil fuels accounted for 82% of global consumption last year, according to KPMG report
- The International Energy Agency has said oil demand could hit a record this year
Nvidia unveils ‘superchips’
The company also announced other AI developments.
- Nvidia's powerful GPU chips and software are an integral ingredient in the creation of generative AI, with rivals like AMD or Intel still struggling to match the power
- Apple, Microsoft and Amazon have also developed chips with AI in mind, but for now are stuck trying to get their hands on Nvidia’s coveted products
Biden summons Israeli team in bid to avoid Rafah assault
The move is one of the clearest attempts yet by Biden to rein in the key US ally, amid fears...
- US president also "reiterated the need for an immediate ceasefire as part of a deal to free hostages, lasting several weeks, so we can get hostages home"
- Biden has supported Israel since the October 7 attacks, sending billions of dollars in military aid, but has become frustrated by Netanyahu's failure to curb civilian deaths
Geostrategy
US destroys Houthi missiles, drones in new Yemen strike
United States Central Command forces operated "in self-defense" when they engaged and destroyed the anti-ship missiles and unmanned aerial vehicles,...
- Iran-backed Houthis have been attacking ships in the Red Sea region since November in what they say is solidarity with Palestinians during Israel's war against Palestinians in Gaza
- The United States and Britain have launched repeated strikes on Houthi targets in Yemen in response but the attacks against the ships have not been deterred
Geostrategy
China regulator to ban Evergrande chair from securities market for life
BEIJING, CHINA – Chinese regulators will ban the chairman of property giant Evergrande from the securities market for life on grounds...
- Unable to repay interest on its loans, China’s real estate firm Evergrande formally defaulted in 2021, sending shockwaves through the industry.
- The company has struggled to repay creditors for years, defaulting in 2021 and becoming subject to a winding-up order by a Hong Kong court earlier this year.
Business
Asian stocks rise on US gains ahead of key China policy meeting
Hong Kong, China - Asian markets mostly rose Monday following US gains and ahead of a Chinese legislative session where Beijing's...
- Japan's benchmark Nikkei 225 index surpassed the 40,000 mark for the first time, with analysts predicting it could advance even further
- Taiwanese chip giant TSMC rose to a record high Monday, gaining 5.2 percent on the global rally in semiconductor stocks
Economy
World Bank plans $6 billion in financial assistance for Egypt
The financial assistance includes "$3 billion for financial support to Government’s programs and $3 billion for the private sector (including...
- The World Bank Group is comprised of five separate agencies which deal with a range of issues, including investment. Its current portfolio with Egypt is above $8bn.
- Earlier this month, the IMF agreed an expanded $8bn loan package after Cairo implemented reforms that included moving towards a flexible exchange rate and hiking interest rates.
Geostrategy
ByteDance’s dilemma: Defending TikTok’s ‘secret sauce’ from US interference
Seoul, South Korea - As a US campaign to sever TikTok from its Chinese parent heads to the Senate, analysts say...
- Under new legislation, TikTok could be banned in the United States if it does not cut all ties with Chinese tech giant ByteDance
- US lawmakers and security agencies say TikTok presents a threat because China can access and use the vast troves of data the app collects for influence and espionage
Turkey confirms Syria talks with Russia and Iran
A meeting was expected on the forum's sidelines between Turkey, and Damascus allies Iran and Russia.
Geostrategy
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Tens of thousands protest against Lebanon ‘bloodbath’ in Iran, Yemen
The demonstrations in Tehran and other Iranian cities were responding to a call by authorities on Wednesday to demonstrate in...
Geostrategy
Helpless! Top EU diplomat regrets failure to ‘stop’ Netanyahu
EU foreign affairs chief Josep Borrell voiced regret Friday that no power, including the United States, can "stop" Israeli Prime...
Israeli air strikes hit densely populated Hezbollah bastion in Beirut
The strikes were by far the largest in scale. Iran embassy in Lebanon warns that the strikes 'change the rules...
Geostrategy
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Geostrategy
Israel defies ceasefire calls and vows to keep battling Hezbollah
"There will be no ceasefire in the north. We will continue to fight against the Hezbollah terrorist organization with all...
- Israeli bombing of Iran-backed Hezbollah strongholds around Lebanon has killed hundreds of people this week, while the militant group has retaliated with rocket barrages
- Israeli Prime Minister Benjamin Netanyahu's office said he had "not even responded" to the truce proposal, and that he had ordered the military to continue fighting
Geostrategy
US offers $20 mn for info on Iranian behind Bolton assassination plot
Washington, United States- The US State Department announced a $20 million reward on Thursday for information leading to the arrest of...
- US officials said in August 2022 that they had uncovered a plot by Shahram Poursafi, a member of Iran's IRGC to kill Bolton who served as NSA to former president Trump
- The State Department's "Rewards for Justice" program "is offering a reward of up to $20 million for information leading to the arrest or conviction" of Poursafi, a notice said
US gives US$8.7 billion in military aid to Israel amid global push for a ceasefire
While international pressure on Israel for ceasefire in Lebanon and Gaza intensifies, Netanyahu refuses to slow down military operations. Lebanese...
- Lebanese authorities said Thursday that more than 1,500 people had been killed in almost a year of cross-border violence
- Yemen’s Huthis: “will not hesitate to support Lebanon and Hezbollah” as cross-border fire between the Lebanese group and Israel intensifies