India and Pakistan urged to have ‘maximum restraint’ after Kashmir attack
The United Nations urged India and Pakistan to show "maximum restraint" as the nuclear-armed rivals imposed tit-for-tat diplomatic measures over...
Geostrategy
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...
Economy
Economy
Trump tariffs have increased financial stability risks: IMF report
The IMF's Global Financial Stability Report (GFSR) was published as world financial leaders gather for meetings in Washington under the...
- GFSR's authors found that "global financial stability risks have increased significantly, driven by tighter global financial conditions and heightened economic uncertainty."
- The Fund also warned that geopolitical risk -- including military conflicts -- could raise risks to financial stability.
Arts & Culture
As world mourns, cardinals meeting to decide the date for Pope Francis’s funeral
Vatican City, Holy See - Cardinals will meet Tuesday to decide the date for Pope Francis's funeral, starting a process...
- Francis, the head of the world's 1.4 billion Catholics, died at his home in the Vatican on Monday aged 88 after suffering a stroke
- Tributes have poured in from around the globe for Francis, a liberal reformer who took over following the resignation of German theologian Benedict XVI in 2013
Saudi Aramco, BYD form alliance to develop low-carbon automotive innovations amid EV growth
Saudi Aramco, the world's largest producer of oil, "is exploring a number of ways to potentially optimize transport efficiency, from...
- The Saudi oil giant is already a partner with Renault of France and the Chinese automaker Geely in a joint venture to produce thermal engines
- Saudi Arabia is working to diversify its economy, which is dependent on oil export revenue, and wants to set up 5,000 EV charging stations by 2030
Geostrategy
Israel security chief accuses PM of demanding personal loyalty
Israel's internal security chief, whom the government is trying to sack, accused Prime Minister Benjamin Netanyahu Monday of demanding personal...
- Ronen Bar's accusations, in a sworn statement to the Supreme Court, are the latest twist in a legal and political saga pitting him against Netanyahu
- Bar's dismissal, announced by the government last month but frozen by the court, triggered mass protests
Geostrategy
US envoy to Israel urges Hamas to sign deal so aid can enter Gaza
The new US ambassador to Israel on Monday called on Palestinian militant group Hamas to accept a deal that would...
- Huckabee's message comes after Hamas on Thursday signalled its rejection of Israel's latest truce proposal, which proposed a hostage-prisoner swap and the entry of aid
- The militants' chief negotiator said the group rejected any "partial" agreements and sought a comprehensive deal including "halting the war" and an Israeli withdrawal from Gaza
Business
DHL to stop global shipments worth over $800 to US consumers
Washington, United States -- Global shipping giant DHL will "temporarily" suspend the shipping of parcels worth more than $800 from...
- President Trump has launched a wide-ranging trade war, threatening friend and foe alike with steep tariffs to address US trade deficits with individual countries.
- As part of those changes, the government has also lowered the threshold at which parcels to individuals require formal entry processing by US Customs -- down to $800 from $2,500.
Business
Gold hits record, dollar drops as tariff fears dampen sentiment
With several markets still closed for the Easter holiday, business was limited ahead of a week that will see the...
- The precious metal was also helped by a weaker dollar, which has also been hit by worries about Trump's standoff with Fed boss Jerome Powell.
- Stocks had a mixed start to the week, with Tokyo weighed by the stronger yen while Taipei, Jakarta and Bangkok were also in negative territory.
Geostrategy
Davos meet founder Klaus Schwab steps down from WEF board
Geneva, Switzerland -- The World Economic Forum said on Monday that its founder Klaus Schwab has stepped down from the...
- Schwab told the WEF's board that "as I enter my 88th year, I have decided to step down from the position of Chair and as a member of the Board of Trustees, with immediate effect.
- The WEF said Vice Chairman Peter Brabeck-Letmathe was appointed board chairman in the interim and that a search committee for replacement had been appointed.
Geostrategy
Pope Francis is dead at 88, world leaders pay tributes to the energetic reformer
"Today, we lost a faithful friend of the Palestinian people and their legitimate rights," Palestinian president Mahmud Abbas said, noting...
- His death sets in motion centuries-old traditions that will culminate in the gathering of a conclave of cardinals to choose a successor.
- In the next four to six days the Vatican's cardinals will decide on the pope's funeral date, at which point his coffin will be transferred to St Peter's Basilica.
Geostrategy
West Bank campus a dystopian shelter for Palestinians uprooted again
Jenin, Palestinian Territories - On deserted university grounds in the occupied West Bank, Palestinian children run outside nearly empty buildings,...
- Tens of thousands of Palestinians have been displaced from the northern West Bank since Israel launched the offensive dubbed "Iron Wall" on January 21 in the area
- The United Nations agency, UNRWA, provides aid but recent Israeli legislation barring coordination with Israeli military authorities has complicated its work
India and Pakistan urged to have ‘maximum restraint’ after Kashmir attack
The United Nations urged India and Pakistan to show "maximum restraint" as the nuclear-armed rivals imposed tit-for-tat diplomatic measures over...
Geostrategy
Company News
Latest News
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"...
Biden demands assault-weapons ban after 8 killed in Texas mall rampage
Responders, distressed witnesses and police described scenes of panic and horror in Allen, where video footage shared online showed the...
Germany, France, UK say Israel’s Gaza aid blockade ‘must end’
Germany, France and Britain on Wednesday called on Israel to stop blocking humanitarian aid into Gaza, warning of "an acute...
Geostrategy
Trump to visit Saudi, Qatar, UAE in May amid tensions over Iran, trade, and security
Saudi Arabia's top diplomat held talks in Washington earlier this month to lay the groundwork for a visit by Trump...
Geostrategy
Trump, Zelensky to attend Pope Francis’s funeral Saturday
Pope Francis's funeral will be held on Saturday, the Vatican announced, as world leaders from US President Donald Trump to...
Arts & Culture
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Business
Boeing to sell some assets to Thoma Bravo
The $10.55 bn sale includes portions of digital aviation solutions business.
- The transaction includes Jeppesen, an 81-year-old aviation navigation company that Boeing acquired in 2000.
- Boeing chief executive Kelly Ortberg has described targeted divestitures as a way to improve the company's financial position after a series of losses.
Economy
Trump tariffs have increased financial stability risks: IMF report
The IMF's Global Financial Stability Report (GFSR) was published as world financial leaders gather for meetings in Washington under the...
- GFSR's authors found that "global financial stability risks have increased significantly, driven by tighter global financial conditions and heightened economic uncertainty."
- The Fund also warned that geopolitical risk -- including military conflicts -- could raise risks to financial stability.
Arts & Culture
As world mourns, cardinals meeting to decide the date for Pope Francis’s funeral
Vatican City, Holy See - Cardinals will meet Tuesday to decide the date for Pope Francis's funeral, starting a process...
- Francis, the head of the world's 1.4 billion Catholics, died at his home in the Vatican on Monday aged 88 after suffering a stroke
- Tributes have poured in from around the globe for Francis, a liberal reformer who took over following the resignation of German theologian Benedict XVI in 2013