27 killed as Israeli army opens fire near Gaza aid point
United Nations Secretary-General Antonio Guterres decried the deaths of Palestinians seeking food aid as "unacceptable", and the world body's rights...
Geostrategy
Meta secures nuclear energy in 20-year Illinois plant deal
Washington, United States -- Facebook owner Meta announced Tuesday a 20-year nuclear energy agreement with US-based Constellation Energy to secure...
Business
Business
Kuwait Oil Co to hike output
KOC plans to hike capacity to 3.2 million bpd by 2025.
- The main projects to hike capacity are said to include two new gathering centers, complete revamp of others, and building water-handling facilities
- They also reportedly include building water injection facilities, and upgrading current production facilities
Two years after protests, Lebanon activists set sights on vote
The various opposition groups have yet to decide how they will take part in the upcoming polls.
- The various opposition groups have yet to decide how they will take part in the upcoming polls
- Voters are busy battling to get by on deeply diminished incomes, amid endless power cuts and price hikes
Business
European nations strive to cushion energy price hikes
Price freezes, tax cuts, energy payments or credits, targeted aid... in the face of soaring energy prices European nations are...
- France announced Thursday a one-time, tax-free payment of 100 euros to people with revenues of less than 2,000 euros per month
- It had already announced an exceptional, additional 100-euro payment to six million households which receive cold weather payments to help pay their energy supplier
Geostrategy
UAE detains journalist after comments hacked and posted online
The United Arab Emirates said Friday it had detained a journalist after comments they made off the air ahead of...
- The incident occurred shortly before the state-run Abu Dhabi Sports channel's live broadcast of the UAE-Iraq World Cup qualifying match on October 12.
- The charges faced by the journalist could carry a prison sentence of up to five years and a fine up to $136,131.
Geostrategy
OECD nations to ban export credits for coal power
With the latest international climate conference just days away, the proposed ban will halt support to new coal power stations...
- For existing coal-fired power stations, the credits can only be used for pollution mitigation and carbon capture equipment that doesn't extend the service life of the facility.
- Coal is the dirtiest fossil fuel and is responsible for a major chunk of carbon emissions.
Geostrategy
US Iran envoy to hold nuclear talks with European powers
The agreement between Iran and world powers to find a long-term solution to the now two-decade-old crisis over its controversial...
- Trump's successor Joe Biden has said he is ready to re-enter the agreement so long as Iran meets key preconditions.
- The nuclear deal promised Iran step-by-step sanctions relief in exchange for restrictions on its atomic work.
Geostrategy
EU leaders laud Merkel at her last summit
European leaders heaped praise on German Chancellor Angela Merkel on Friday as she attended what is likely her last EU...
- Merkel has attended a staggering 107 EU summits that saw some of the biggest twists in recent European history
- Luxembourg's Prime Minister Xavier Bettel called Merkel a "compromise machine" who "usually did find something to unite us"
Arts & Culture
Tehran golf course’s vanishing holes worry players
The Enghelab golf course had 18 holes when it was built decades ago but over the years the fairways have...
- Tehran's tiny contingent of players feels lucky that they still have 13, but are fearful even more of the course may disappear.
- Tehran's club has about 300 members, half of whom are women, but that's a minuscule number in a metropolis of more than eight million residents.
Business
Samsung SDI, Stellantis deal
The two companies will set up EV battery joint venture
- The two companies will set up a "joint production body" in the United States to produce EV battery cells and modules
- With the deal, Stellantis has "secured production capacity" to realise its goal to have electric vehicles make up 40 percent of its US sales
Geostrategy
Israeli PM in Russia for first talks with Putin
Naftali took office in June, taking over from Benjamin Netanyahu who was in power for 12 straight years and had...
- Russian state television showed images of Bennett's plane landing in Sochi, where the pair will meet
- Last week, Bennett's office said the pair will discuss Iran's nuclear program.
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27 killed as Israeli army opens fire near Gaza aid point
United Nations Secretary-General Antonio Guterres decried the deaths of Palestinians seeking food aid as "unacceptable", and the world body's rights...
Geostrategy
Company News
Sonatrach sacks CEO
Business
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Birkenstock declares IPO prize
Business
Maritime firm says missile hits Greek ship off Yemen
Dubai, UAE - A missile hit a Greek-owned cargo ship off Yemen, a maritime risk management company said on Tuesday, following...
Geostrategy
Washington seeks ‘de-escalation’ in Middle East, says top US official
Davos, Switzerland - The United States wants a "de-escalation" in the Middle East despite its strikes on Houthi positions in Yemen,...
Geostrategy
WTO hopes to finalize fishing agreement
GENEVA, SWITZERLAND - The head of the World Trade Organization's fisheries talks voiced optimism  on Tuesday about striking an agreement on...
Geostrategy
Most Read
Business
Nespresso faces $330 m lawsuit in Switzerland over capsules
Zurich, Switzerland - A French television star and a group of investors are demanding 280 million Swiss francs ($330 million) from...
- A French television show host Jacques Essebag, who goes by the name Arthur, is leading the suit against the Nestle subsidiary
- Nespresso, when contacted by AFP, acknowledged the lawsuit filed by ECC but said it did not comment on ongoing legal proceedings
Business
Counterfeit products cost Europe $13 billion, 200,000 jobs a year
Paris, France - Counterfeit products -- mainly clothes -- cost the European economy 16 billion euros a year and result in...
- The findings, based on data from 2018 to 2021, show that fakes take the biggest toll on the clothing sector, costing 12 billion euros ($13.1 billion) annually
- The bulk of the counterfeiting occurred in just five EU members, with Germany, France, Italy, Spain and Austria accounting for half the yearly losses
Business
Markets drop as Middle East tensions rise, rates cut delayed
While inflation is on a general downward path, there is a worry that it could pop back up anytime, particularly...
- Equities soared at the end of 2023 as falling inflation saw the Fed indicate that it was preparing to reverse more than a year of hikes to US interest rates
- However, January has seen the wind come out of the sails with Fed officials saying they were keen to keep rates elevated for some time