Hamas negotiators ‘not in Doha’ but political office not closed: Qatar
Qatar, along with the United States and Egypt, had led months of fruitless negotiations for a truce in the Gaza...
Geostrategy
G20 leaders to grapple with climate, taxes, Trump comeback
G20 leaders gather in Brazil on Monday to discuss fighting poverty, boosting climate financing and other multilateral initiatives that could...
Business
Microsoft beefs-up its AI assistant with voice, vision
San Francisco, United States - Microsoft on Tuesday doubled down on deploying artificial intelligence to consumers, releasing an updated version of...
- Suleyman was a former leader at AI pioneer Google DeepMind -- and was poached by Microsoft in March from his startup to head up its consumer AI division
- It has since been caught by Google and soon Apple, which are using their dominance of the global smartphone market to get their own AI tools to consumers
Business
GM reports US sales dip, that of EVs grew
The big Detroit automaker reported 659,601 US sales during the period.
- The big Detroit automaker reported 659,601 US sales during the period, down 2.2 percent from the year-ago but marking a slightly smaller decline than analysts projected
- GM described its EV portfolio as "growing faster than the market" with sales jumping 46 percent in the third quarter, topping 32,000
Israel vows response as Iran fires missile barrage
Iran launched around 180 missiles at Israel on Tuesday in response to the killings of Tehran-backed militant leaders, prompting alarm...
- Most of the missiles were intercepted by Israeli air defenses or by allied air forces, claims Israeli military even though damage was reported
- Iran's Revolutionary Guards said they had launched a missile attack on "three military bases" around Israel's commercial hub Tel Aviv
Geostrategy
Updates: Iran launches missile attack on Israel
Iran has launched a missile attack on Israel's commercial hub Tel Aviv, state media reported Tuesday. The official IRNA news...
- Dozens of explosions boomed across Jerusalem on Tuesday night as air raid sirens rang out
- Air traffic paused at Israel's Ben Gurion airport: spokesman
Business
Covestro accepts ADNOC takeover bid
The deal values German chemicals group at $13.3bn.
- Under the terms of the agreement, valid until the end of 2028, ADNOC will make an offer for all remaining Covestro stock at a price of 62 euros per share.
- ADNOC will also inject around 1.2 billion euros into the chemicals firm through the issuance of new shares, once the deal is completed.
US says Iran preparing imminent missile attack on Israel
Iran is preparing an imminent ballistic missile attack against Israel, the United States said on Tuesday, warning that any such...
- "We are actively supporting defensive preparations to defend Israel against this attack," says US
- Hezbollah said it targeted an air base in Tel Aviv in retaliation for attacks on civilians in Lebanon
Geostrategy
Iran says will not send forces to confront Israel
An Israeli strike on Beirut Friday killed Hassan Nasrallah, the head of the Lebanese militant group Hezbollah that has been...
- "There is no need to send extra or volunteer forces of the Islamic Republic of Iran," said foreign ministry spokesman Nasser Kanan
- Israel has in recent days been mounting heavy air strikes in Lebanon against the so-called "axis of resistance", a network of Iran-aligned militant groups in the region
Business
Qatar Airways seeking 25% stake in Virgin Australia
Qatar Airways unveiled a bid to take a 25 percent stake in troubled airline Virgin Australia on Tuesday, a deal...
- The deal could significantly shake up Australia's air travel market which is currently dominated by Qantas
- In 2023, Australia's center-left government rejected Qatar's bid to put on 21 extra international flights to and from Australia
Saudi economy to register losses until 2027, says finance ministry
Saudi Arabia anticipates a budget deficit of 2.3 percent of GDP in 2025. Estimates put total government revenues for 2025...
- Saudi Arabia anticipates a budget deficit of 2.3 percent of GDP in 2025
- Estimates put total government revenues for 2025 at approximately US$320 billion, which would create a deficit of US$27bn
Israeli special forces in ‘limited’ Lebanon ground operations, says United States
Israeli forces have launched limited incursions in Lebanon, the United States said on Monday, while Lebanon's national army, dwarfed by...
- Lebanese PM Najib Mikati called for a ceasefire based on a recent US-French proposal, urging "an end to the Israeli aggression against Lebanon"
- Netanyahu in a video address to Iranian people say that change will "come a lot sooner than people think"
Hamas negotiators ‘not in Doha’ but political office not closed: Qatar
Qatar, along with the United States and Egypt, had led months of fruitless negotiations for a truce in the Gaza...
Geostrategy
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What impact will Donald Trump have on the world economy?
Paris, France -- Donald Trump's return to the White House with his protectionist policies poses threats for the global economy, with...
Geostrategy
Trump wins White House in stunning comeback
The polarizing Republican's win, following one of the most hostile campaigns in modern US history, was all the more remarkable...
Geostrategy
Republicans seize control of US Senate: networks
Republicans wrested the US Senate from Democratic control, ending four years in the minority, in its quest to dominate every...
Geostrategy
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Business
Saudi Aramco’s quarterly profit drops 15% on low oil prices
Riyadh, Saudi Arabia -- Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third-quarter profit on Tuesday, citing prices...
- The fall in net income to $27.56bn from $32.58bn in 2023 is the seventh consecutive quarterly drop for Aramco, one of the world's biggest companies by market capitalization.
- Aramco is the chief source of revenue for Crown Prince Mohammed bin Salman's Vision 2030 reform agenda, which aims to remodel the Gulf kingdom's crude-reliant economy.
Economy
Most Asian markets rise ahead of toss-up US election
Asian markets mostly rose Tuesday a day before results from the US presidential election rolled in, with opinion polls showing...
- Uncertainty about the outcome led to warnings that investors could be in for a period of volatility
- Wall Street's three main indexes ended in the red
Economy
Eight OPEC+ members extend oil supply cuts until year end
Supply cuts seek boosting oil prices amid uncertain demand and accelerating supply, with an eye on the imminent US presidential...
- Persistent downside pressure on oil prices due to sluggish Chinese and weakening global demand outlook
- "The US presidential election will have a significant impact on the oil market"- Analyst with Rystad Energy