Next round of Russia, Ukraine talks to begin in Abu Dhabi on February 1: US official
A next round of trilateral talks between Ukraine, Russia and the US to halt the war will continue in Abu Dhabi...
Geostrategy
Saudi Arabia, Qatar, six others accept Trump ‘Board of Peace’ invite: statement
Saudi Arabia and seven Muslim-majority countries including Gaza mediators Qatar and Turkey have agreed to join US President Donald Trump's "Board...
Geostrategy
Business
Amazon unveils new AI chip in battle against Nvidia
San Francisco, United States -- Amazon Web Services launched its in-house-built Trainium3 AI chip on Tuesday, marking a significant push...
- The move intensifies competition in the AI chip market, where Nvidia currently dominates with an estimated 80- to 90-percent market share.
- AWS also announced it is already developing Trainium4, expected to deliver at least three times the performance of Trainium3 for standard AI workloads.
Economy
Saudi powers forward with deficit spending to fund reforms
The Arab world's largest economy is overseeing a major push to slash its dependence on oil revenues, with officials pouring...
- The state's general budget for 2026 would have total expenditures of 1.313 trillion riyals (350.1 billion dollars).
- The projected deficit amounts to 3.3 percent of GDP, which is lower than the deficit of 245 billion riyals estimated for 2025.
Economy
Saudi powers forward with deficit spending to fund diversification of its oil-dependent economy
Saudi Arabia greenlit its 2026 budget Tuesday, projecting a deficit of 165 billion riyals ($44 billion) as the kingdom presses...
- The Arab world's largest economy is overseeing a major push to slash its dependence on oil revenues, with officials pouring billions into projects to attract investment and tourism
- The budget figures will be keenly watched by energy industry experts, with the hopes of gleaning insights into where Saudi Arabia expects oil revenues to head in the near future
Geostrategy
If Europe wants war with Russia, ‘we are ready,’ says Putin as he meets US envoys over Ukraine deal
Washington has presented a 28-point draft to end the conflict, later amended after criticism from Kyiv and Europe, which viewed...
- The comments came as US envoy Steve Witkoff and President Donald Trump's son-in-law Jared Kushner were in Moscow for high-stakes talks on ending the nearly four-year war
- "They have no peaceful agenda, they are on the side of war," he added, repeating his claim that European leaders were hindering US attempts to broker peace in Ukraine
Business
Amazon tests ‘ultra-fast’ deliveries in two US cities
San Francisco, United States - Amazon on Monday began testing "ultra-fast" deliveries in two US cities, giving some shoppers the...
- Amazon is piloting its new “Amazon Now” feature in select neighbourhoods, offering items ranging from groceries to electronics
- Delivery fees for the ultra-fast service start at $3.99 for Prime members and $13.99 for non-members
Business
Bid by Netflix for Warner Bros Discovery signals streaming giant’s ambition to dominate global content production
Streaming giant Netflix has made a mostly cash offer to buy TV and film group Warner Bros Discovery as the...
- Netflix joined Paramount Skydance and Comcast, the owner of NBCUniversal, in a second round of an auction that was being negotiated throughout the US Thanksgiving holiday
- The parent company of HBO, CNN and the Warner Bros film studio officially put itself up for sale in October after receiving multiple unsolicited offers
Geostrategy
Trump warns Israel not to ‘interfere’ in Syria, days after deadly operation killed 13 people
"It is very important that Israel maintain a strong and true dialogue with Syria, and that nothing takes place that...
- "It is very important that Israel maintain a strong and true dialogue with Syria, and that nothing takes place that will interfere with Syria's evolution into a prosperous State,"
- Trump spoke to Israeli Prime Minister Benjamin Netanyahu and invited him for another White House visit, Netanyahu's office said shortly after Trump issued the warning
Geostrategy
Trump says US freeze on asylum decisions will last ‘a long time’
US President Donald Trump said Sunday his administration intends to maintain a pause on asylum decisions for "a long time"...
- "We don't want those people," Trump said. "You know why we don't want them? Because many have been no good, and they shouldn't be in our country."
- The Trump administration issued the pause in the aftermath of the shooting in Washington on November 26, that left 20-year-old Sarah Beckstrom dead and another guardsman wounded
Geostrategy
Trump optimistic after Ukraine talks as Rubio says ‘more work’ needed to end war
US President Donald Trump said Sunday there was a "good chance" of a deal to end the war in Ukraine...
- An initial 28-point US proposal -- drafted without input from Ukraine's European allies -- would have required Kyiv to withdraw from its eastern Donetsk region
- A source close to the Kyiv delegation in Florida told AFP on Sunday that "the process is not easy because the search for formulations and solutions continues."
Geostrategy
Pope urges Lebanese to stay in their country despite difficulties
Leo emphasized the need for peace, using the word more than 20 times during the address, without mentioning any specific...
- Urging reconciliation, Leo noted that "there are personal and collective wounds that take many years, sometimes entire generations, to heal".
- "If we do not work, for example, to heal memories, to bring together those who have suffered wrongs and injustice, it is difficult to journey towards peace," he said.
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Next round of Russia, Ukraine talks to begin in Abu Dhabi on February 1: US official
A next round of trilateral talks between Ukraine, Russia and the US to halt the war will continue in Abu Dhabi...
Geostrategy
Company News
Latest News
BYD logs record EV sales in 2025
Business
Venezuela’s interim leader names commission to handle Maduro’s release
Venezuela's interim president Delcy Rodriguez on Sunday created a commission to seek the release of president Nicolas Maduro and his...
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...
Geostrategy
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...
Business
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Geostrategy
US to work with current Venezuela leaders if they make ‘right decision:’ Rubio
The United States is ready to work with Venezuela's remaining leaders if they make "the right decision," Secretary of State...
- "We're going to judge everything by what they do, and we're going to see what they do," Rubio told CBS News' "Face the Nation."
- US commandos snatched Maduro from a compound in Caracas on Saturday in a risky operation involving jets, helicopters, warships and ground troops
Geostrategy
The US and Venezuela’s vast oil reserves: key questions amid sanctions, geopolitics and energy
After a US military operation that seized Nicolas Maduro, President Donald Trump said he wants to allow American oil companies...
- The country has the largest proven reserves in the world, with 303.221 billion barrels, according to OPEC.
- Sanctions imposed in 2019 by Trump during his first term contributed to production plunging to a historic low of 350,000 b/d the following year.
Geostrategy
At least 80 Yemeni separatists killed in fighting, strikes since Friday
At least 152 members of the UAE-backed STC forces were wounded and 130 were taken captive, a military official from...
- Saudi-backed forces began on Friday operations to retake swathes of territory seized by the UAE-backed STC.
- Yemen's presidency on Saturday announced the retaking of resource-rich Hadramawt, following an apparent retreat of the STC.