Nvidia, Microsoft invest $15 billion in AI startup Anthropic, creator of the Claude chatbot
Nvidia and Microsoft announced Tuesday investments totaling $15 billion in AI startup Anthropic, creator of the Claude chatbot, amid frenzied...
Business
Rory McIlroy wins seventh Race to Dubai title
Dubai, United Arab Emirates -- Rory McIlroy was on Sunday crowned the DP World Tour’s Race to Dubai champion for...
Arts & Culture
Business
GM reports US sales dip, that of EVs grew
The big Detroit automaker reported 659,601 US sales during the period.
- The big Detroit automaker reported 659,601 US sales during the period, down 2.2 percent from the year-ago but marking a slightly smaller decline than analysts projected
- GM described its EV portfolio as "growing faster than the market" with sales jumping 46 percent in the third quarter, topping 32,000
Israel vows response as Iran fires missile barrage
Iran launched around 180 missiles at Israel on Tuesday in response to the killings of Tehran-backed militant leaders, prompting alarm...
- Most of the missiles were intercepted by Israeli air defenses or by allied air forces, claims Israeli military even though damage was reported
- Iran's Revolutionary Guards said they had launched a missile attack on "three military bases" around Israel's commercial hub Tel Aviv
Geostrategy
Updates: Iran launches missile attack on Israel
Iran has launched a missile attack on Israel's commercial hub Tel Aviv, state media reported Tuesday. The official IRNA news...
- Dozens of explosions boomed across Jerusalem on Tuesday night as air raid sirens rang out
- Air traffic paused at Israel's Ben Gurion airport: spokesman
Business
Covestro accepts ADNOC takeover bid
The deal values German chemicals group at $13.3bn.
- Under the terms of the agreement, valid until the end of 2028, ADNOC will make an offer for all remaining Covestro stock at a price of 62 euros per share.
- ADNOC will also inject around 1.2 billion euros into the chemicals firm through the issuance of new shares, once the deal is completed.
US says Iran preparing imminent missile attack on Israel
Iran is preparing an imminent ballistic missile attack against Israel, the United States said on Tuesday, warning that any such...
- "We are actively supporting defensive preparations to defend Israel against this attack," says US
- Hezbollah said it targeted an air base in Tel Aviv in retaliation for attacks on civilians in Lebanon
Geostrategy
Iran says will not send forces to confront Israel
An Israeli strike on Beirut Friday killed Hassan Nasrallah, the head of the Lebanese militant group Hezbollah that has been...
- "There is no need to send extra or volunteer forces of the Islamic Republic of Iran," said foreign ministry spokesman Nasser Kanan
- Israel has in recent days been mounting heavy air strikes in Lebanon against the so-called "axis of resistance", a network of Iran-aligned militant groups in the region
Business
Qatar Airways seeking 25% stake in Virgin Australia
Qatar Airways unveiled a bid to take a 25 percent stake in troubled airline Virgin Australia on Tuesday, a deal...
- The deal could significantly shake up Australia's air travel market which is currently dominated by Qantas
- In 2023, Australia's center-left government rejected Qatar's bid to put on 21 extra international flights to and from Australia
Saudi economy to register losses until 2027, says finance ministry
Saudi Arabia anticipates a budget deficit of 2.3 percent of GDP in 2025. Estimates put total government revenues for 2025...
- Saudi Arabia anticipates a budget deficit of 2.3 percent of GDP in 2025
- Estimates put total government revenues for 2025 at approximately US$320 billion, which would create a deficit of US$27bn
Israeli special forces in ‘limited’ Lebanon ground operations, says United States
Israeli forces have launched limited incursions in Lebanon, the United States said on Monday, while Lebanon's national army, dwarfed by...
- Lebanese PM Najib Mikati called for a ceasefire based on a recent US-French proposal, urging "an end to the Israeli aggression against Lebanon"
- Netanyahu in a video address to Iranian people say that change will "come a lot sooner than people think"
Geostrategy
Two-thirds of Gaza buildings destroyed or damaged: UN
Updating its damage assessment, the UN Satellite Centre (UNOSAT) said very high-resolution imagery collected on September 3 and 6 showed...
- "Those 66 percent of damaged buildings in the Gaza Strip account for 163,778 structures in total," it said.
- Approximately 68 percent of the permanent crop fields in the Gaza Strip showed "a significant decline in health and density" in September.
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Nvidia, Microsoft invest $15 billion in AI startup Anthropic, creator of the Claude chatbot
Nvidia and Microsoft announced Tuesday investments totaling $15 billion in AI startup Anthropic, creator of the Claude chatbot, amid frenzied...
Business
Company News
US promises Gaza food plan after envoy visit
Geostrategy
Latest News
US would control Gaza, displace all its people under Trump’s new plan: report
The entire population of Gaza would be relocated and the United States would take control of the Palestinian territory under...
Geostrategy
Leaders gather in China for SCO summit ceremony, Xi slams ‘bullying’ behaviour in world order
The SCO comprises China, India, Russia, Pakistan, Iran, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Belarus -- with 16 more countries affiliated...
Geostrategy
Putin and Modi in China for summit hosted by Xi
President Xi Jinping gathered the leaders of Russia and India among dignitaries from around 20 Eurasian countries on Sunday to...
Geostrategy
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Geostrategy
Lebanon parliament speaker calls for dialogue over Hezbollah weapons
Beirut, Lebanon -- Lebanon's Speaker of Parliament Nabih Berri, an ally of the Iran-backed Hezbollah, called on Sunday for dialogue...
- Lebanon's government this month tasked the army with drawing up a plan to disarm Hezbollah by the end of the year.
- Hezbollah strongly opposed the decision and Shiite ministers, including representatives from the group and Berri's Amal Movement
Geostrategy
Hamas confirms death of Gaza chief Mohammed Sinwar
Pictures released by the Palestinian group on Saturday showed him alongside other political and military leaders described as "martyrs of...
- Mohammed Sinwar was the younger brother of Yahya Sinwar, accused by Israel of masterminding the October 7, 2023 attack on Israel that sparked the ongoing war in the Gaza Strip.
- He reportedly led the Al-Qassam Brigades' military council after the death of commander Mohammed Deif.
Economy
China manufacturing shrinks in August despite new US trade truce
Beijing, China -- China's factory output ticked up in August but still recorded a fifth straight month of contraction, official...
- The Purchasing Managers' Index -- a key measure of industrial output -- was 49.4, the National Bureau of Statistics (NBS) said, up slightly from 49.3 in July.
- The last time China recorded a figure above 50 -- indicating growth -- was in March.