Netanyahu, US envoys discuss opening Rafah crossing: Israeli media
US envoys Steve Witkoff and Jared Kushner urged Israeli Prime Minister Benjamin Netanyahu to reopen the Rafah crossing between Gaza and...
Geostrategy
Trump launches ‘Board of Peace’ at Davos after Greenland u-turn
A group of leaders and senior officials from 19 countries -- including Trump allies from Argentina and Hungary -- gathered...
Geostrategy
Geostrategy
US-Israel-Qatar meeting seeks to salvage Gaza peace deal amid strain over Israeli strike on Doha
Axios also reported White House envoy Steve Witkoff hosted the meeting, with Mossad spy chief David Barnea representing Israel and...
- Two sources told US news outlet Axios it was "the highest level meeting between the countries since the deal to end the war in Gaza, for which Qatar served as a key mediator."
- Axios also reported White House envoy Steve Witkoff hosted the meeting, with Mossad spy chief David Barnea representing Israel and an unnamed senior Qatari official in attendance
Geostrategy
Mediators Qatar and Egypt call for next steps in fragile Gaza truce
"Now we are at the critical moment... A ceasefire cannot be completed unless there is a full withdrawal of the...
- Hamas said on Saturday that it was ready to hand over its weapons in the Gaza Strip to a Palestinian authority on the condition that the Israeli army's occupation ends.
- Qatar, alongside Egypt and the United States, helped secure the long-elusive truce, which remains delicate as Israel and Hamas accuse each other of breaching its terms.
Economy
Divided US Fed set for contentious interest rate meeting
When the Fed last met in October, Chair Jerome Powell asserted that another rate cut in December was "not a...
- Minutes from the Fed's most recent meeting showed many officials expect a further uptick in underlying goods inflation as President Donald Trump's tariffs bite.
- But recent comments from leading Fed officials also reflected support for cutting again because of a weakening labor market, even though inflation is still above Fed's 2% target.
Geostrategy
Mediators Egypt, Qatar, others ‘concerned’ about Israel opening one-way Gaza exit
The countries voiced "their absolute rejection of any attempts to expel the Palestinian people from their land" and said they...
- On Wednesday, Israel said it would open the Rafah crossing from Gaza to Egypt exclusively to allow residents to exit the Palestinian territory "in the coming days".
- Reopening the Rafah crossing is a part of Trump's peace plan for the Palestinian territory, as well as something UN agencies and other humanitarian actors have long called for
Business
Netflix’s $83 billion takeover of Warner Bros reshapes Hollywood as regulators prepare intense antitrust scrutiny
Streaming giant Netflix said Friday it will buy film and television studio Warner Bros. Discovery for nearly $83 billion, the...
- The acquisition, which will face regulatory scrutiny by the Trump administration and is opposed by top names in Hollywood, gives Netflix access to a vast film catalog
- It does not include cable channels such as CNN, TNT, TBS and Discovery, which are being spun off by Warner Bros. Discovery before the deal is due to close.
Economy
Abu Dhabi showdown – how the F1 title can be won
Paris, France - AFP Sport assesses how the 2025 Formula One drivers' title can be won at the season finale...
- "All" Norris has to do to claim his maiden title is finish on the podium at Yas Marina, irrespective of where his two title rivals finish.
- But on a cautionary note Norris has failed to make the top three in six races this year, including his disqualification from second in Las Vegas due to a technical infringement
Geostrategy
Trump says Putin wants to end war, US to hold new talks with Ukraine
Trump's envoy Steve Witkoff and son-in-law Jared Kushner huddled into the early hours with Putin in the Kremlin but reached...
- Steve Witkoff and Jared Kushner huddled into the early hours with Putin in the Kremlin but reached no breakthrough on halting Europe's worst conflict since World War II
- The Kremlin said afterward it found parts of the US plan to end the war unacceptable, even though the proposal includes Ukraine ceding parts of the eastern Donbas region
Business
In Data Center Alley, AI sows building boom, doubts
Ashburn, United States -- As planes make their final approach to Washington DC's Dulles Airport, just below lies Ashburn, a...
- In 2025, private companies are spending roughly $40 billion a month on data center construction in the United States.
- Data servers deploying ChatGPT-like technologies run very hot and require new-generation liquid cooling.
Geostrategy
US private sector lost 32,000 jobs last month in surprise drop
President Donald Trump has been touting the economy's health, and forecasts had incorrectly predicted the monthly data would show a...
- "Hiring has been choppy of late as employers weather cautious consumers and an uncertain macroeconomic environment," ADP chief economist Nela Richardson said.
- "While November's slowdown was broad-based, it was led by a pullback among small businesses."
Business
OpenAI declares ChatGPT ‘code red’ over stiff competition: report
Washington, United States -- OpenAI CEO Sam Altman has declared a company-wide "code red" as its ChatGPT technology faces stiff...
- Altman told employees that the company was "at a critical time for ChatGPT," and that resources must be devoted to fending off the new competition to its chatbot.
- Altman said that other projects would now be delayed, including a plan to introduce advertising to the chatbot.
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Netanyahu, US envoys discuss opening Rafah crossing: Israeli media
US envoys Steve Witkoff and Jared Kushner urged Israeli Prime Minister Benjamin Netanyahu to reopen the Rafah crossing between Gaza and...
Geostrategy
Company News
Latest News
Venezuelan parliament swears in interim president after Maduro’s ouster
Venezuela's parliament swore in Delcy Rodriguez as interim president on Monday, two days after US forces seized her predecessor Nicolas...
Geostrategy
Oil prices gain, as equities extend record run higher
Oil prices have experienced choppy trading since the surprise US raid Saturday on Caracas that saw Venezuelan president Nicolas Maduro...
Business
US operation in Venezuela undermined international law: UN
"States must not threaten or use force against the territorial integrity or political independence of any state," Ravina Shamdasani, spokeswoman...
Geostrategy
Most Read
Geostrategy
Netanyahu says Israel won’t let Iran restore ballistic missile programme
Prime Minister Benjamin Netanyahu said Monday that Israel would not allow arch-foe Iran to restore its ballistic missile programme, just...
- "We will not allow Iran to restore its ballistic missile industry, and certainly we will not allow it renew the nuclear programme that we significantly damaged," Netanyahu said
- Netanyahu's threat comes days after Trump threatened to "eradicate" Iran's nuclear and ballistic missile programme, after the two leaders met in Washington last week
Business
Volatility grips oil market as nervous investors assess Venezuela
Having spiked in an initial reaction to the military operation to apprehend Nicolas Maduro in Caracas, oil prices quickly dropped...
- But then oil recovered again as investors realized that Venezuela is in no position to make a meaningful impact on oil supply in the short run.
- Trump's promise to rebuild Venezuela's crude production capacity with the help of American companies meanwhile sent stocks in oil majors soaring.
Business
‘Tuna King’ pays record $3.2 mn for bluefin at Tokyo auction
Tokyo, Japan -- A Japanese sushi entrepreneur paid a record $3.2 million for a giant bluefin tuna Monday at an...
- The 510.3 million yen price at the new year's auction was the highest since comparable data started being collected in 1999.
- The previous high was 333.6 million yen for a 278-kilogram bluefin in 2019, after the fish market moved from its traditional Tsukiji area in central Tokyo to a more modern facility