Israel warns ‘Tehran will burn’ after wave of Iranian missile fire hit Tel Aviv
Following decades of enmity and conflict by proxy, it is the first time that Israel and Iran have traded fire...
Geostrategy
Nations advance ocean protection, vow to defend seabed
UN Ocean Conference wrapped up Friday with world leaders taking major steps toward marine protection and vowing a showdown when...
Geostrategy
Business
Turkey is restarting ruptured oil link connecting Iraq
Turkey's state oil operator Botas said the fire at the pipeline had been fully extinguished late on Tuesday, but gave...
- Tuesday's blast along the Kirkuk-Ceyhan link in southern Turkey contributed to a rise in international crude oil prices to a seven-year high
- The pipeline normally carries more than 450,000 barrels a day from oil fields in northern Iraq to a Turkish port on the Mediterranean Sea
Business
ExxonMobil to go net-zero by 2050
The net-zero target is only for its operations, not products.
- Chief executive of ExxonMobil confirmed that the company has committed to have a Permian operations at net-zero carbon by 2030
- The company will release "detailed roadmaps" addressing 90 percent of operations-related greenhouse gas emission by the end of 2022
Geostrategy
Turkey looks to revive frozen ties with Israel
Turkey's Erdogan said he was resurrecting talks with Israel on an old idea to bring Mediterranean gas to European clients...
- Turkish President Recep Tayyip Erdogan has signaled that his country is ready to mend its ties with Israel
- Turkey and Israel's relations froze after the death of 10 civilians in an Israeli raid on a Turkish flotilla in 2010
Economy
Millionaires, non-profits make joint appeal for wealth tax
A wealth tax on the world's richest people could raise at least $2.52 trillion per year.
- The proposal comes from a network of NGOs, social movements, and pro-tax millionaires
- It follows separate reports showing that the world's wealthiest people have grown richer during the pandemic
Arts & Culture
Arabic instrumentalist hopes to ‘change soul’ of Iraq with music
Naseer Shamma, an icon of the Arabic oud, has returned home to help rekindle the flame of Iraqi music, snuffed...
- Exiled in 1993 under dictator Saddam Hussein, Naseer Shamma only returned to his native Iraq for the first time in 2012
- With art galleries opening and book fairs and festivals being held, Iraq has been recently witnessing a fledgling renaissance
Science
Covid-19 pandemic far from over: WHO
The WHO has warned that the sheer numbers of people infected will mean many people are still falling seriously ill...
- The WHO has cautioned against a misleading narrative that the fast-spreading Omicron variant is risk-free
- It stressed that existing vaccines do a good job of protecting against developing severe Covid-19 and deaths
Business
Microsoft to buy Activision Blizzard
The $69-billion deal is the largest acquisition in the gaming world.
- The deal will make Microsoft the third-largest gaming company by revenue, behind Tencent and Sony
- This will be the largest acquisition in the industry, far ahead of Take-Two's $12.7-billion purchase of Zynga
Business
AT&T, Verizon agree to delay 5G activation at some airports
US Telecom giants AT&T and Verizon will delay the implementation of their 5G network on a "limited number" of towers...
- AT&T and Verizon agreed on partial delay of their 5G deployment as US airlines warned of "major operational disruptions" due to the rollout
- The FAA has approved some transponders to be safely operated within areas where 5G will be deployed
Business
World tourism won’t return to pre-Covid levels until 2024: WTO
In Europe and the Americas, foreign visitor arrivals surged by 19 percent and 17 percent, respectively, last year over 2020....
- Tourism revenue in 2020 was 72 percent down on the previous year which closed with the Covid onset
- The highly contagious Omicron variant, though mild, will "disrupt the recovery" in 2022
Economy
OPEC expects robust oil demand in 2022 to overcome Omicron threat
Global demand for oil is expected to remain "robust" in 2022 and overcome short-term disruption caused by the Omicron coronavirus...
- The Saudi-led group of top oil producers warned future virus strains and pandemic-related travel restrictions could threaten the global economic recovery.
- European crude benchmark Brent North Sea reached $88.13 per barrel, while US contract WTI hit $85.74 -- the highest levels since October 2014.
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Israel warns ‘Tehran will burn’ after wave of Iranian missile fire hit Tel Aviv
Following decades of enmity and conflict by proxy, it is the first time that Israel and Iran have traded fire...
Geostrategy
Company News
Latest News
HSBC Q3 profit up
Business
US stocks rebound from sell-off on Fed disappointment
New York, United States - Wall Street stocks rose early Thursday, rebounding from the prior session's pullback as markets awaited more...
Business
Japanese lander disabled again but could restart after two weeks
Tokyo, Japan - After a brief awakening, Japan's Moon lander is out of action again but will resume its mission if...
Science
Assailant takes hostages in Gaza protest in Turkey, says police
ISTANBUL, TURKEY - An assailant on Thursday took a number of people hostage at a plant owned by US cosmetics giant...
Geostrategy
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Geostrategy
Indian authorities tear down 600 year-old mosque in Delhi
New Delhi, India - Bulldozers have knocked down a centuries-old mosque in India's capital, a member of the building's managing committee...
- The Masjid Akhonji in New Delhi, which its caretakers say is around 600 years old, was home to 22 students enrolled in an Islamic boarding school
- It was torn down on Tuesday in a forest of Mehrauli, an affluent neighborhood dotted with centuries-old ruins from settlements predating modern Delhi
Research
WHO warns new cancer cases will rise to 35 million by 2050
Geneva, Switzerland - The number of new cancer cases will rise to more than 35 million in 2050 -- 77 percent...
- The WHO's International Agency for Research on Cancer (IARC) cited tobacco, alcohol, obesity and air pollution as key factors in the estimated rise
- The most-developed countries are expected to record the greatest increases in case numbers, with an additional 4.8 million new cases predicted in 2050 compared with 2022 estimates,
Geostrategy
Mediators push for Gaza truce as UNRWA warns its activities may stop
UNRWA chief Philippe Lazzarini said that "if the funding remains suspended, we will most likely be forced to shut down...
- UN rights experts voiced alarm at soaring numbers of journalists killed in the Gaza war, decrying an apparent "deliberate" Israeli strategy to silence critical reporting.
- 119 people were killed in the latest night of Israeli strikes; "There is a massacre taking place right now," said Leo Cans of international aid group Doctors Without Borders.