Syrian leader to discuss sanctions, reconstruction in US visit: FM
Syria's president will discuss issues including lifting remaining sanctions, reconstruction and counter-terrorism when he becomes the country's first leader to...
Geostrategy
OPEC+ looks set to further hike oil output
Since April, the V8 group -- comprising Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman...
Geostrategy
Business
BYD Q3 profit down 33%
This was a 33% year-on-year decrease.
- The Shenzhen-based firm recorded revenue of 195 billion yuan over the same period, a slight decrease of 3 percent year-on-year.
- China's EV industry is world-leading but a cutthroat domestic market has weighed on companies' profitability.
Geostrategy
Israel hits another Gaza target after deadliest night since truce
Israel said it struck an arms dump in Gaza on Wednesday, hours after the deadliest night of bombing since the...
- The military announced it had carried out a strike on a site in the Beit Lahia area of northern Gaza where it said weapons were being stockpiled for "an imminent terror attack."
- Israeli troops, it said, would remain deployed in "accordance with the ceasefire agreement and will continue to operate to remove any immediate threat".
Business
Alphabet posts first $100 bn quarter
The growth was powered by cloud division buoyed by AI
- The tech giant's revenues jumped 16 percent year-on-year to $102.3 billion in the third quarter, beating analyst expectations
- "Alphabet had a terrific quarter, with double-digit growth across every major part of our business," CEO Sundar Pichai said
Geostrategy
Trade truce in balance as Trump meets ‘tough negotiator’ Xi: ‘We’ll have a great understanding’
The world's two top economies' trade tussle -- encompassing everything from rare earths to soybeans and port fees -- has rocked...
- Sitting opposite each other each leader was flanked by senior officials including Secretary of State Marco Rubio, Treasury chief Scott Bessent and Commerce Secretary Howard Lutnick
- Xi's team, which arrived from Beijing shortly before - the US side was already in South Korea - included Foreign Minister Wang Yi, and Commerce Minister Wang Wentao
Geostrategy
Israel hits dozens of targets as Gaza sees deadliest night since truce
Gaza's civil defense agency said more than 100 people were killed, including many children, but both US President Donald Trump...
- The Hamas-run territory's civil defense agency said at least 35 children were among the more than 100 killed.
- United Nations rights chief Volker Turk said the report of so many dead was appalling and urged all side not to let peace "slip from our grasp".
Business
AI chip giant Nvidia becomes world’s first $5 trillion company
New York, United States -- AI chip juggernaut Nvidia became the world's first $5 trillion company on Wednesday, as investors...
- By way of comparison, the level was greater than the GDP of France or Germany or higher than that of Tesla, Meta (Facebook), and Netflix combined.
- Microsoft and Apple, the two other largest global market capitalizations, only just exceed $4 trillion in valuation each.
Geostrategy
Syria attracted $28 bn in investment since Assad’s fall: president
Syria has begun the mammoth task of trying to rebuild its shattered economy, after over a decade of war saw...
- Earlier this month, the World Bank put a "conservative best estimate" of the cost of rebuilding Syria at $216 billion.
- In May, Syria signed a $7 billion energy deal with a consortium of Qatari, Turkish and US companies as it seeks to revive its crippled power sector.
Business
Microsoft holds 27% of OpenAI in revamped partnership
San Francisco, United States - Microsoft and OpenAI announced Tuesday a sweeping overhaul of their landmark artificial intelligence (AI) partnership,...
- OpenAI has also committed to purchasing $250 billion in Azure cloud services from the tech giant, though Microsoft no longer holds first refusal rights as OpenAI's compute provider
- The partnership began in 2019 when Microsoft invested $1 billion in what was then a small AI research organization founded in 2015 by tech luminaries including Elon Musk
Geostrategy
Pakistan says peace talks with Afghanistan ‘failed’
Islamabad, Pakistan - Pakistan said Wednesday that negotiations for a lasting truce with Afghanistan had "failed to bring about a...
- Pakistan and Afghanistan have been holding negotiations in Istanbul aimed at securing peace after the South Asian neighbours' deadliest border clashes in years
- The violence, which killed more than 70 people and wounded hundreds, erupted following explosions in Kabul on October 9 that the Taliban authorities blamed on Pakistan
Geostrategy
Trump says ‘nothing’ will jeopardize Gaza ceasefire after Israeli strikes kill 38 people
Trump defended Israel's actions on Wednesday, saying it "should hit back" if Israeli soldiers were killed, but added that "nothing's...
- Prime Minister Benjamin Netanyahu ordered "powerful strikes" on Gaza, after his defence minister accused Hamas of attacking Israeli troops in Gaza
- While Israel Katz did not say where the troops were attacked, Hamas said its fighters had "no connection to the shooting incident in Rafah" and reaffirmed its commitment to the US
Syrian leader to discuss sanctions, reconstruction in US visit: FM
Syria's president will discuss issues including lifting remaining sanctions, reconstruction and counter-terrorism when he becomes the country's first leader to...
Geostrategy
Company News
OPEC+ looks set to further hike oil output
Geostrategy
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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
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Amazon shares surge as AI boom drives cloud growth
San Francisco, United States - Amazon's share price skyrocketed by more than ten percent on Thursday after the online retail...
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After delays, Egypt set for lavish opening of grand museum
Cairo, Egypt - With much pomp and circumstance, Cairo is due to inaugurate on Saturday the long-awaited Grand Egyptian Museum,...
Arts & Culture
Backed by its sovereign wealth fund, Saudi chases AI ambitions with homegrown firm pitched to global investors
The company, launched in May, is bankrolled by Saudi's powerful Public Investment Fund, which has played a key role in...
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Geostrategy
Israel says received bodies of two Gaza hostages from Red Cross
Not including the latest two, Hamas have so far given back the remains of 15 of the 28 deceased hostages...
- Israel launched a wave of strikes on Gaza overnight from Tuesday to Wednesday after an attack that left an Israeli soldier dead in the south of the Palestinian territory.
- Hamas has said its fighters had "no connection to the shooting incident in Rafah" and reaffirmed its commitment to the truce.
Business
BYD Q3 profit down 33%
This was a 33% year-on-year decrease.
- The Shenzhen-based firm recorded revenue of 195 billion yuan over the same period, a slight decrease of 3 percent year-on-year.
- China's EV industry is world-leading but a cutthroat domestic market has weighed on companies' profitability.
Geostrategy
Israel hits another Gaza target after deadliest night since truce
Israel said it struck an arms dump in Gaza on Wednesday, hours after the deadliest night of bombing since the...
- The military announced it had carried out a strike on a site in the Beit Lahia area of northern Gaza where it said weapons were being stockpiled for "an imminent terror attack."
- Israeli troops, it said, would remain deployed in "accordance with the ceasefire agreement and will continue to operate to remove any immediate threat".