US aerospace manufacturers insist they have no use for tariffs
New York, United States -- US airlines and aerospace manufacturers insist they have no use for tariff protections, warning that...
Business
Money, mining and marine parks: The big issues at UN ocean summit
Nice, France -- France is hosting world leaders this week to confront what the United Nations calls a global "emergency"...
Geostrategy
Business
Twitter gets new CEO
Parag Agrawal named to the post as Jack Dorsey resigns.
- Twitter's chief technology officer Parag Agrawal has replaced Jack Dorsey as CEO
- Dorsey has said he would remain a member of the board until around May next year to help with the transition
Economy
US Federal Reserve says Omicron poses risks to economy
Fed chief Jerome Powell has said the new strain could also heighten uncertainty regarding inflation.
- The US central bank’s chief Jerome Powell is growing more concerned about this year's price increases
- The price rise has put pressure on the Federal reserve to raise interest rates more quickly
Economy
OPEC+ meets under pressure from Biden and Omicron
The meeting "is shaping up to be one of the most significant since the pandemic demand recovery began, and the...
- Biden called it a "major initiative", with analysts estimating the injection at between 65 and 80 million barrels, including 50 million from the United States alone.
- The group said earlier this month it planned to boost output by 400,000 barrels per day in December, despite a room for manoeuvre that is 10 times greater
Geostrategy
Pressure mounts on Syria, Russia over chemical weapons
Syria denies the use of chemical weapons and insists it has handed over its weapons stockpiles under a 2013 agreement...
- Syria denies the use of chemical weapons and insists it has handed over its weapons stockpiles under a 2013 agreement with the US and Russia
- Syria was stripped of its OPCW voting rights in April after a probe blamed it for further poison gas attacks
Economy
China manufacturing recovers as power shortage eases
Manufacturing activity in China edged up in November due to an easing in power shortages and a drop in some...
- China's non-manufacturing PMI, however, dropped slightly to 52.3 from 52.4 as the country saw fresh coronavirus outbreaks
- Analysts had predicted slowing growth after the recent flare-up of cases in late October, which spread to 21 provinces
Geostrategy
Saudi motorsports chief says F1 debut is ‘signal’ to the world’
The newly built venue in Jeddah is all but completed ahead of Sunday's night race just over a year after...
- The newly built venue in Jeddah is all but completed ahead of Sunday's night race just over a year after Saudi Arabia was announced as the wealthy Gulf region's latest F1 host
- Formula One is part of a campaign to show a friendlier face as the world's top oil exporter tries to attract foreign businesses and diversify its economy
Economy
UAE seeks to diversify economy beyond oil
With little oil but the most diversified economy in the Gulf, Dubai has gone from a fishing village to a...
- With an economy second only to Saudi Arabia in the Gulf, the Emirates is one of the easiest countries in the world to do business, according to the World Bank
- But having diversified its economy over the decades, it relies less and less on petrol, with revenues now making up only 30 percent of its GDP
Arts & Culture
FIFA Club World Cup to be held in UAE in Feb
The cup will run from Feb 3-12, featuring eight matches between the champions of the six continental confederations along with...
- Emirati club Al Jazira and Auckland will play in the opening game, with Chelsea set to face the winner of that tie or Al Hilal of Saudi Arabia in the semi-finals.
- Egyptian giants Al Ahly take on Mexico's Monterrey for the right to play Copa Libertadores champions Palmeiras of Brazil for a place in the final.
Geostrategy
WHO calls for treaty to shield against next pandemic
WHO director-general Tedros Adhanom Ghebreyesus said another disastrous pandemic was bound to happen unless countries strengthened global defenses.
- WHO member states reached a consensus Sunday on kick-starting the process towards a pandemic treaty.
- The draft decision was secured after countries agreed to compromise, notably, the US which is lukewarm on whether the outcome needs to be a legally-binding treaty.
Geostrategy
‘Cold will kill us’ – Yemen’s fleeing families face desert winter
More than 45,000 people have been displaced by the fierce fighting in Marib province in the past two months.
- More than 45,000 people have been displaced by the fierce fighting in Marib province in the past two months
- The UN children's agency said it was supporting more than 7,500 people in the camp by providing clean water, hygiene kits and portable toilets
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US aerospace manufacturers insist they have no use for tariffs
New York, United States -- US airlines and aerospace manufacturers insist they have no use for tariff protections, warning that...
Business
Company News
Latest News
US, Britain launch new joint strikes on Yemen’s Houthis
American and British forces carried out a first wave of strikes against the rebel group earlier this month, and the...
Israel firing in Lebanon kills over 200 since start of Gaza war
Since the outbreak of war between Hamas and Israel on October 7, the Lebanese-Israeli border has witnessed a near-daily exchange...
Geostrategy
India’s stock market edges out Hong Kong to become world’s fourth largest
New Delhi, UAE--India's stock market has edged out Hong Kong to become the world's fourth-largest, a milestone that underscores growing...
Business
Most Read
Geostrategy
Israel says 21 soldiers killed in deadliest day of ground war
"We worked to find the victims until the last hours," military spokesman Daniel Hagari said, indicating the difficulty in extracting...
- Most of the soldiers were killed when rocket-propelled grenade fire hit a tank and a building they were trying to blow up
- Israel's blistering offensive against Hamas in Gaza has killed 25,295 people,, according to the health ministry of the Hamas-run territory
Geostrategy
Gaza activists urge voters to write ‘ceasefire’ on US primary ballots
A separate campaign is urging supporters to write Biden's name on the ballot in exactly the same manner that "Vote...
- The group "Vote Ceasefire" says the effort allows Americans to give voice to their anger at the Democratic president over the mounting toll of civilian deaths in Gaza
- "Vote Ceasefire" organizers have not indicated what kind of turnout would constitute a success for the campaign and it is unclear how much affect it will have
Geostrategy
Israel proposes pause in Gaza fighting to secure hostage deal
The US news site Axios reported, citing unnamed Israeli officials, that the deal would take place in multiple stages, the...
- The deal would also see the release of a number of Palestinian captives
- The proposal does not include promises to end the war in the Gaza Strip