Hezbollah supporters protest banning Iranian planes from landing in Beirut
Beirut, Lebanon - Hezbollah supporters blocked the Beirut airport road and burned tyres on Thursday to protest a decision barring two...
Geostrategy
UAE to launch DeepSeek-inspired AI models: Faisal Al Bannai
Dubai, United Arab Emirates -- The United Arab Emirates is planning to launch new artificial intelligence models inspired by China's DeepSeek,...
Business
Geostrategy
Iran says may end nuclear arms ban if sanctions reimposed
Iran is set to meet with Britain, France and Germany for talks on its nuclear program on Friday after the...
- Iran is set to meet with Britain, France and Germany for talks on its nuclear program on Friday
- For Tehran, the goal of the talks on Friday is to avoid a "double disaster" scenario
Palestinian leader Abbas lays ground for succession
Palestinian president Mahmud Abbas announced his replacement . Under current Palestinian law, the speaker of the Palestinian Legislative Council (PLC)...
- Abbas, 89, still rules despite his term as head of the Palestinian Authority ending in 2009
- The decree comes on the same day that a ceasefire entered into force in Lebanon
Car-centric Saudi to open first part of Riyadh Metro
Riyadh, Saudi Arabia - Saudi Arabia announced Wednesday it is ready to open the first part of the Riyadh Metro,...
- Services will be provided by 183 trains with 448 carriages manufactured by Siemens of Germany, Bombardier of Canada and Alstom of France
- The official Saudi Press Agency published a photograph of King Salman, who served as governor of Riyadh for nearly half a century, formally declaring that the project open
Trump’s tariff threats stoke global fears, prompting retaliation warnings from allies and rivals
US President-elect Donald Trump's sweeping tariff plans target Canada, Mexico, and China, raising fears of a global trade war, with...
- The president-elect on Monday placed both allies and rivals on notice, vowing to quickly slap 25% on Canada and Mexico, and add a 10 percent tariff on China
- Following through on that threat or his campaign promise of a 10 percent levy on all US imports - will have ripple effects across the global economy, analysts say
Business
Adani Group says it lost nearly $55 billion as US bribery charges sparked rout
The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading...
- Gautam Adani, 62, is suspected of having participated in the $250 million scheme in bribes to secure lucrative government contracts.
- The conglomerate saw $150 billion wiped from its market value in 2023 after a report by short-seller Hindenburg Research accused it of "brazen" corporate fraud.
Five forgotten conflicts of 2024
he wars in the Mideast and Ukraine-Russia have dominated world headlines in 2024 but several other conflicts are ravaging countries...
- The conflict in Sudan has left tens of thousands dead and some 26 million facing severe food insecurity
- THe Democratic Republic of Congo has endured internal and cross-border violence for over 30 years
Geostrategy
Samsung reshuffles leadership amid challenge in AI chips
Seoul, South Korea - Samsung Electronics reshuffled its leadership on Wednesday as it looks to gain an edge in the production...
- On Wednesday it tapped vice-chairman Jun Young-hyun to lead its memory business and appointed Han Jin-man as the new boss of the chip foundry division
- The reshuffle aims to "strengthen the company's growth and future competitiveness, focusing on the semiconductor business", Samsung said in a statement
Geostrategy
Biden-brokered truce deal halts Israel-Hezbollah war; Netanyahu plans to go full force against Gaza and Iran
Under US-brokered terms, Lebanon's army regains border control, curbing Hezbollah activity, while Israel vows to maintain security operations if threats...
- US President Joe Biden announced the ceasefire agreement on Tuesday, as Israeli Prime Minister Benjamin Netanyahu said his ministers had agreed to a halt
- Under the terms of the Lebanon truce, Israel will maintain "full" freedom to act against Hezbollah should the Iran-backed group pose any new threat, Netanyahu said
Geostrategy
Israel intensifies attacks before ceasefire deadline as Lebanon seeks “immediate halt”
US president says ceasefire takes effect on Wednesday at 4:00 AM Beirut time, as Lebanese officials accuse Israel of trying...
- The US and France have spearheaded the truce efforts, and G7 foreign ministers in Italy called on for an "immediate ceasefire"
- The international community is called upon to act swiftly to stop this [Israeli] aggression and implement an immediate ceasefire, says Lebanese PM
Geostrategy
As AI gets real, slow and steady wins the race
Companies explore AI for coding, healthcare, law, and design—yet challenges like regulation, accuracy, and cost impede widespread adoption.
- The tech industry presents a more aggressive adoption curve. Google reports that 25 percent of its coding is now handled by generative AI.
- Athey, an economist of the tech industry, expressed worry about regions where a core profession such as call centers risked being swept away by AI.
Hezbollah supporters protest banning Iranian planes from landing in Beirut
Beirut, Lebanon - Hezbollah supporters blocked the Beirut airport road and burned tyres on Thursday to protest a decision barring two...
Geostrategy
Company News
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Honda shares soar 16%
Business
Move over Mercedes: Chinese cars grab Mexican market share
Mexico City, Mexico -- The growing popularity of Chinese sport utility vehicles and pickup trucks has shaken up Mexico's luxury car...
Business
Global stocks rise as Japan led Asia gains on a weaker yen
Seoul was an outlier in Asia with shares plunging as South Korea's political crisis deepened with a second impeachment vote....
Business
Israeli strikes hit Yemen as Netanyahu fires warning
Israeli air strikes pummeled Sanaa's international airport and other targets in Yemen on Thursday, with Huthi rebel media reporting six...
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Economy
Turkey lowers interest rate to 47.5% as it battles double-digit inflation
The bank's monetary policy committee decided to reduce the policy rate from 50 percent to 47.5 percent, with a statement...
- The central bank began to raise interest rates last year to battle soaring prices, after President Recep Tayyip Erdogan dropped his opposition to orthodox monetary policy.
- The central bank now expects inflation to reach 44 percent at the end of 2024, up from a previous estimate in August of 38 percent.
Syrian war monitor says 17 dead in clashes in Tartus province
17 people were killed Wednesday in clashes in Tartus province after security forces sought to arrest an officer under deposed...
- 14 interior ministry personnel were killed and 10 others wounded
- Clashes in Tartus province erupted after residents refused to allow their houses to be searched
Geostrategy
Ceasefire talks falter as Hamas, Israel clash over conditions, Gaza sees more destruction and deaths
Hamas accuses Israel of stalling the truce with new demands on troop withdrawal and prisoner release, while Netanyahu’s office counters,...
- Indirect negotiations mediated by Qatar, Egypt and the United States have taken place in Doha in recent days, rekindling hope for an agreement between the two warring parties
- On Wednesday, both sides accused the other of throwing up roadblocks, while Israeli President Isaac Herzog urged the country's leadership to move towards a deal