Trump peace plan: Washington, Kyiv say a peace deal must ‘fully uphold’ Ukraine sovereignty
US President Donald Trump had given Ukraine until November 27 to approve his plan to end the nearly four-year conflict,...
Geostrategy
Trump pushes Ukraine to accept his plan for ending the war ahead of Nov 27 deadline
"He'll have to like it, and if he doesn't like it, then you know, they should just keep fighting," Trump...
Geostrategy
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.
Business
Roche to buy Poseida Therapeutics
The $1.5 billion deal is due to close in early 2025.
- The boards of directors of both companies unanimously approved the deal for Poseida, whose shares had closed on Monday at $2.73.
- Poseida Therapeutics' portfolio notably includes customized cell therapies for hematological cancers, solid tumors and auto-immune diseases.
Geostrategy
EU urges immediate halt to Israel-Hezbollah war as Israeli attacks kill more in Gaza and Lebanon
Israeli attacks have killed dozens in Gaza and Lebanon is the past 24 hours, while EU chief visits Beirut asking...
- Dozens feared killed, including women and children, in Gaza and Lebanon in Israeli attacks in the past 24 hours
- European Union chief says the EU is ready to provide 200 million euros ($208 million) to help bolster the Lebanese armed forces
Geostrategy
Iran denies involvement as UAE arrests three people in rabbi killing case
"This murder was carried out in the UAE. The murder of an Israeli citizen and a Chabad emissary, is an...
- Kogan was a former Israeli army soldier, who served in Israel's Givati Brigade, which is infamous for carrying out violent attacks against Palestinians
- The UAE, which normalized relations with Israel in 2020 alongside other countries including Bahrain and Morocco, has confirmed the arrest of perpetrators
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Trump peace plan: Washington, Kyiv say a peace deal must ‘fully uphold’ Ukraine sovereignty
US President Donald Trump had given Ukraine until November 27 to approve his plan to end the nearly four-year conflict,...
Geostrategy
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Business
China’s Xi calls on BRICS countries to ‘resist all forms of protectionism’
Beijing, China -- Chinese President Xi Jinping called on the 11-nation BRICS bloc to "resist all forms of protectionism" at...
Geostrategy
Colman, Ruffalo among 1,500 film workers to boycott Israeli cinemas
The signatories included British actors Aimee Lou Wood, Josh O'Connor and Tilda Swinton, American actors Ayo Edebiri and Cynthia Nixon,...
Geostrategy
Iran will accept nuclear curbs and restrictions to uranium enrichment if sanctions lifted: report
Iran will accept limits on its nuclear programme and restrictions to uranium enrichment if international sanctions are lifted, its foreign...
Geostrategy
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Geostrategy
Russia hits Ukraine govt offices in war’s biggest air attack
Kyiv, Ukraine -- Russia fired its biggest-ever aerial barrage at Ukraine early Sunday, killing four people and setting government offices...
- Drone strikes also damaged several high-rise buildings in the Ukrainian capital, according to emergency services.
- Russia fired at least 810 drones and 13 missiles at Ukraine between late Saturday and early Sunday in a new record, according to the Ukrainian air force.
Economy
Saudi launches Damascus area reconstruction project
Saudi Arabia announced on Sunday humanitarian projects for Syria including the removal of wartime rubble around Damascus, weeks after inking...
- The oil-rich Gulf kingdom has been a major backer of the new Syrian government, which came to power after an Islamist-led offensive toppled longtime Syrian ruler Bashar al-Assad
- Other agreements inked on Sunday would see Riyadh support the reconstruction of 34 schools in Syria's Aleppo, Idlib and Homs provinces
Geostrategy
Saudi launches Damascus area reconstruction project
Damascus, Syria -- Saudi Arabia announced on Sunday humanitarian projects for Syria including the removal of wartime rubble around Damascus,...
- Saudi Arabia's KSrelief has announced the project to clear over 75,000 cubic meters of rubble from the capital and its surrounding areas.
- In late July, Riyadh pledged $6.4 billion in investment and partnership deals with Syria.