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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.
  • In the hours before that deadline, TikTok temporarily shut down in the United States and disappeared from app stores, to the dismay of millions of users.
  • Much of TikTok's US activity is already housed on Oracle servers, and the company's chairman, Larry Ellison, is a longtime Trump ally.

Pausing production, raising prices: Automakers shift gears after Trump tariffs

Paris, France -- Automakers have already started to adapt to the 25-percent tariff imposed on car imports by US President...
  • Bank of America estimates that some 7.3 million vehicles, or eight percent of global auto sales, will get hit by the tariff.
  • Trump has stated that the goal of the tariffs is to encourage manufacturing jobs to return to the United States, but it is unclear whether that will be achieved.

Stocks, oil slump as China retaliates and Trump digs in heels

Despite the market turmoil, Trump insisted: "my policies will never change". Wall Street stocks fell more than two percent at...
  • Beijing also imposed exports controls on seven rare earth elements, including gadolinium -- commonly used in MRIs -- and yttrium, utilized in consumer electronics.
  • French President Emmanuel Macron has called for suspending investment in the United States until what he called the "brutal" new tariffs had been "clarified".

First footage of James Cameron directed ‘Avatar: Fire and Ash’ revealed

Las Vegas, United States - Evil Na'vi. Giant volcanoes. Airborne boats. The first-ever footage from "Avatar: Fire and Ash," the...
  • The film "expands the beautiful world of Pandora and introduces two new clans," explained star Zoe Saldana
  • More respected than loved by critics, the previous two "Avatar" films were unprecedented commercial hits

Trump defiant as tariffs send world markets into panic

Wall Street led a global markets bloodbath Thursday as countries around the world reeled from President Donald Trump's trade war,...
  • Shock waves tore through markets in the United States, Europe and Asia after Trump's tariff bombshell
  • Trump dismissed the turmoil, insisting to reporters as he left for a weekend at his Florida golf resort that stocks will "boom."

Macron, on Egypt visit, to go near Gaza to show support for ceasefire

French President Emmanuel Macron will go to an Egyptian port near the Gaza Strip next week to highlight concerns over...
  • Macron will go to Arish, 50 kilometres (30 miles) from Gaza, next Tuesday during a visit to Egypt, officials said
  • Macron is to go to Egypt on Sunday and on Monday will meet the country's President Abdel Fattah al-Sisi

Trump’s tariffs on allies, China could shrink global merchandise trade volumes 1% in 2025, warns WTO

After Trump on Wednesday unveiled a blitz of harsher-than-expected levies aimed at countries around the globe, Ngozi Okonjo-Iweala warned the measures...
  • Trump slapped 10 percent import duties on all nations and far higher levies on imports from dozens of specific countries including China
  • Trump's tariffs come just over a year and a half before US midterm elections, in which the party of the US president is often hammered on the economy

Hungary announces ICC withdrawal as Israel’s Netanyahu visits

Budapest, Hungary -- Hungary on Thursday said it will quit the International Criminal Court, just as its Prime Minister Viktor...
  • Set up in 2002, the ICC, based in The Hague, seeks to prosecute individuals responsible for the world's gravest crimes when countries are unwilling or unable to do so themselves.
  • The Palestinian Authority (PA) urged Hungary to "comply with the International Criminal Court's arrest warrant by immediately handing Netanyahu over to bring him to justice.

Gaza rescuers say 25 killed in Israeli strike on school-turned-shelter

Gaza civil defense spokesman Mahmud Bassal told AFP more than 100 others wounded in the strike on Dar al-Arqam School...
  • The Israeli military has in recent days issued a number of evacuation orders to residents in northern neighborhoods of the Gaza Strip.
  • On Monday, it told those living in all areas of the southern city of Rafah and parts of nearby Khan Yunis to leave.

Trump stings friends and foes alike in his tariffs war, countries eye trade talks

The tariff announcements rattled stock markets while safe haven gold hit a new record high, oil prices fell and the...
  • China demanded that the tariffs be "immediately cancelled" and vowed "countermeasures", while France and Germany warned that the EU could hit US tech firms.
  • But EU and other countries also showed willingness to negotiate as they refrained from immediate retaliatory measures, with almost a week until the harsher US levies take effect.

‘The Eternaut’ echoes fight against tyranny: Ricardo Darin

Survival through teamwork: It's a tale as old as time with particular resonance today, says Argentine actor Ricardo Darin of...

Latest News

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Trump eyes ‘fair deal’ with China, but path to ending tariff war remains unclear

Trade tensions between the world's two biggest economies have soared as Trump ramped up levies on imports from China this...

Cannes film festival says to ‘honour’ slain Gaza photojournalist

Paris, France - The Cannes film festival said Wednesday that the screening of a documentary about Gaza photojournalist Fatima Hassouna...

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Boeing says China not accepting planes over US tariffs

New York, United States -- Boeing's CEO confirmed Wednesday that China had stopped accepting new aircraft due to the US-China...
  • President Trump's trade conflicts with China and other countries loom as a question mark for Boeing, a major US exporter, despite Wednesday's solid results.
  • Boeing had planned to send around 50 aircraft to China in 2025, said Ortberg, who told the network that the company wouldn't "wait too long" to send the jets to other customers.

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.
  • Net profit after tax for Q1 2025 was AED 1.7 billion, reflecting an 18 percent increase compared to Q1 2024.
  • Revenue for Q1 2025 improved by 14 percent to AED 2.9 billion compared to AED 2.5 billion for Q1 2024.

Abbas urges Hamas to free Gaza hostages as Israeli strikes kill 25

"Hamas has given the criminal occupation excuses to commit its crimes in the Gaza Strip, the most prominent being the...
  • Senior Hamas official Bassem Naim called Abbas's remarks "insulting". "Abbas repeatedly and suspiciously lays the blame for the crimes of the occupation on our people."
  • Hamas's armed wing the Ezzedine Al-Qassam Brigades later issued footage it said was of an Israeli hostage alive in a Gaza tunnel. He identified himself as 48-year-old Omri Miran.