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
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
Business
BYD logs record EV sales in 2025
It sold 2.26m EVs vs Tesla's 1.22 by Sept end.
- Tesla is expected to announce its total EV sales for last year on Friday.
- Shenzhen-based BYD, which also produces hybrid cars, announced the data in a statement published to the Hong Kong Stock Exchange, where it is listed.
Geostrategy
Yemen separatists say Saudi-backed forces to deploy in seized territories
A surprise STC offensive seizing resource-rich Hadramawt and Mahra has pushed the UAE and Saudi Arabia, officially allies in Yemen,...
- On Tuesday, the Saudi-led coalition in Yemen struck what it said was a shipment of Emirati weapons destined for the separatists.
- But a source close to the Saudi government told AFP on Thursday that Saudi Arabia's security needs would only be met if the STC "move out of Hadramawt and Mahra".
Investigation
Drones dive into aviation’s deepest enigma as MH370 hunt restarts
Washington, United States - Nearly 12 years after Malaysia Airlines flight MH370 vanished with 239 people on board, the search...
- Armed with cutting-edge deep-sea robots, US investigators are scouring the seabed for clues that have eluded governments
- The Malaysian government has given the green light for a fresh attempt led by Texas-based marine robotics firm Ocean Infinity
Geostrategy
Israel’s Mossad tells Iranian protesters ‘we are with you’
Israel's Mossad spy agency issued a direct call urging Iranians to press on with protests, saying it was supporting them...
- Protests that began on Sunday with Tehran shopkeepers rallying against Iran's worsening economy have spread to other cities
- The Iranian rial has dropped against the US dollar and other world currencies, forcing up import prices and hurting retail traders
Business
SoftBank lifts OpenAI stake to 11% with $41bln investment
Tokyo, Japan -- Japanese tech investor SoftBank said Wednesday that its stake in OpenAI is now around 11 percent after...
- Having made colossal profits as well as losses on previous investments, flamboyant founder Masayoshi Son has pivoted SoftBank towards artificial intelligence (AI).
- SoftBank had announced in April its planned investment of up to $40 billion in Open AI, and on Wednesday it said that the second tranche of $22.5 billion was completed.
Business
TSMC says started mass production of ‘most advanced’ 2nm chips
Taipei, Taiwan -- Taiwanese tech titan TSMC has started mass producing its cutting-edge 2-nanometre semiconductor chips, the company said in...
- TSMC is the world's largest contract maker of chips, used in everything from smartphones to missiles, and counts Nvidia and Apple among its clients.
- The chips will be the "most advanced technology in the semiconductor industry in terms of both density and energy efficiency", the company said.
Geostrategy
Israel to ban 37 organizations operating in Gaza, aid flow under threat
Apart from MSF, some of the 37 NGOs to be hit with the ban are the Norwegian Refugee Council, World...
- In a territory with 2.2 million inhabitants, "1.3 million people still require urgent shelter support," the ministers of Britain, Canada, Denmark and several other nations said.
- On Wednesday, the United Nations rights chief Volker Turk described Israel's decision as "outrageous", calling on states to urgently insist Israel shift course.
Economy
Syria reveals new post-Assad banknotes
Syrian leader Ahmed al-Sharaa unveiled on Monday new banknotes replacing those showing ousted ruler Bashar al-Assad and his family, hoping...
- Since the start of Syria's civil war in 2011, the pound has plunged from 50 to around 11,000 against the greenback
- The removal of the zeros, which does not impact the currency's value, was done to make transactions easier
Geostrategy
“Hell to pay”: Trump warns Hamas after Netanyahu talks, threatens Iran with fresh strikes
US President Donald Trump warned Iran of fresh strikes and said Hamas would have "hell to pay" if it fails...
- Speaking at a news conference with Netanyahu, Trump threatened to "eradicate" any attempt by Tehran to rebuild its nuclear program
- Trump also downplayed reports of tensions with Netanyahu over the Gaza ceasefire, saying Israel had "lived up" to its commitments
Business
Meta buys China-founded AI agent Manus
Singapore, Singapore -- Facebook owner Meta has agreed to acquire Manus, an artificial intelligence agent created by a company founded...
- However, analysts warned the deal could fall foul of regulators at a time of fierce technological rivalry between Washington and Beijing.
- Exceeding the capabilities of AI chatbots like ChatGPT, AI agents can autonomously perform complex tasks for users, and are seen as having huge potential.
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
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
Company News
Latest News
Rescue efforts begin as at least 132 die, hundreds injured in Nepal quake
The quake was felt as far away as India's capital New Delhi, nearly 500 km from the epicentre, 42 km...
100 killed in fire during wedding at Iraq event hall
At the main hospital in Hamdaniyah -- a predominantly Christian town east of Mosul that is also known as Qaraqosh...
Ailing US explorer rescued after nine days in Turkish cave
The 40-year-old explorer developed stomach problems while examining the depths of the Morca Cave, a remote complex of twisting underground...
Sad day for America, says Trump after court appearance
Former US president Donald Trump pleaded not guilty on Thursday to criminal charges that he conspired to overturn the results...
OceanGate co-founder hits back at James Cameron over Titanic sub
Soehnlein stressed it was too soon to say what happened to the Titan and that it was "tricky to navigate"...
Bondi shooting responders honoured at Sydney Ashes Test
Sydney, Australia -- England and Australia's cricket teams honoured at the fifth Ashes Test in Sydney on Sunday emergency service...
Geostrategy
Yemen separatists announce two-year transition towards independence in south
Yemen's UAE-backed separatists on Friday announced the start of a two-year transitional period towards declaring an independent state after their...
Geostrategy
Norway closes in on objective of 100 percent electric car sales
Oslo, Norway -- Norway came close to its objective of selling only zero-emission cars in 2025, with electric vehicles accounting...
Geostrategy
Most Read
Geostrategy
Somaliland denies it will host Palestinians, Israeli base
The breakaway region of Somaliland on Thursday denied allegations by the Somali president that it would take resettled Palestinians or...
- Israel last week became the first country to recognise Somaliland as an "independent and sovereign state", triggering protests across Somalia
- Somaliland unilaterally declared independence in 1991 and has enjoyed far more peace than the rest of conflict-hit Somalia, establishing its own elections, currency and army
Business
BYD logs record EV sales in 2025
It sold 2.26m EVs vs Tesla's 1.22 by Sept end.
- Tesla is expected to announce its total EV sales for last year on Friday.
- Shenzhen-based BYD, which also produces hybrid cars, announced the data in a statement published to the Hong Kong Stock Exchange, where it is listed.
Geostrategy
Yemen separatists say Saudi-backed forces to deploy in seized territories
A surprise STC offensive seizing resource-rich Hadramawt and Mahra has pushed the UAE and Saudi Arabia, officially allies in Yemen,...
- On Tuesday, the Saudi-led coalition in Yemen struck what it said was a shipment of Emirati weapons destined for the separatists.
- But a source close to the Saudi government told AFP on Thursday that Saudi Arabia's security needs would only be met if the STC "move out of Hadramawt and Mahra".