UN climate chief at deadlocked COP29: ‘Cut the theatrics’
As the UN climate talks limp into a second week in Azerbaijan, the world is no closer to a finance...
Geostrategy
With Trump’s presidency, expect pro-Israel policies to replace Biden’s nuanced approach in Middle East relations
Trump’s return could shift US policy on Israel, with his Republican Party's pro-Israel stance and his preference for "America First"...
Geostrategy
Geostrategy
US blames Iran-linked group for attack on Iraq diplomatic compound
The US embassy in Baghdad said in a statement issued on Friday that the attack was "initiated by Iran-aligned militia...
- An explosion rocked the compound located within the perimeter of Baghdad International Airport late Tuesday night
- The attack occurred amid rising regional tensions over the Gaza war and shortly ahead of a visit by Iranian President Masoud Pezeshkian to Iraq
Business
Stock markets rise, gold hits record high as US rate cut nears
More data this week suggesting the Federal Reserve was winning the battle against inflation provided an extra kick for global...
- Investors are focused on the highly anticipated Fed meeting after data this week showed US consumer inflation slowed more than expected in August to 2.5 percent.
- The Fed cut rates early in the pandemic, then began hiking in 2022 as inflation rose, pushing rates to a 20-year high.
Business
Aramco Digital, Groq to build world’s largest AI inferencing data center
Riyadh, Saudi Arabia -- Aramco Digital Company and Groq, a leader in artificial-intelligence (AI) inference, have announced their partnership to...
- The announcement was made on the sidelines of the Global AI Summit (GAIN Summit), which concluded in Riyadh on Thursday.
- The facility will process 5.28 million tokens per second by the end of 2024 and 53 tokens per second by 2025.
Geostrategy
Raided West Bank city holds funerals after Israeli army withdraws
On Friday morning, hundreds of people walked through the streets of Tubas alongside the four bodies hoisted on stretchers and...
- The Israeli military said that its forces were engaged in a "counter-terrorism operation" in the area of Tubas
- The official Palestinian news agency Wafa said the military withdrew Thursday evening
Business
Microsoft cutting more jobs from its gaming unit amid industry layoffs
San Francisco, United States- Microsoft is cutting about 650 more positions from its gaming unit as it continues to tighten its...
- No games or devices are being cancelled, nor are any studios being closed as part of the "adjustments" made at Microsoft's gaming unit on Thursday, according to Spencer
- Layoffs have become common in the video game industry, with Sony PlayStation early this year announcing it was laying off eight percent of its global workforce
Geostrategy
US releases $1.3 billion in military aid to Egypt
The United States, Egypt and Qatar are parties to the negotiations for the release of the hostages held by Hamas...
- Last year, the United States had made the release of part of this annual aid conditional on progress being made on respecting human rights in Egypt
- This year, however, the State Department said Egypt had made "progress" in certain areas of human rights, and mentioned Cairo's help in mediating between Israel and Hamas
Geostrategy
EU’s top diplomat urges de-escalation at Lebanon-Israel border
As war has raged in the Gaza Strip following Hamas's October 7 attack on Israel, Lebanon's Hezbollah has traded near-daily...
- "We need to de-escalate military tensions," Borrell told
- "We have to continue pushing for a comprehensive peace in the region," he said
Geostrategy
UN chief says six colleagues killed in Israel strike on Gaza school
United Nations Secretary-General Antonio Guterres said late Wednesday that Israeli air strikes on a school-turned-shelter in Gaza killed six staffers...
- UNRWA called it the highest death toll among its staff in a single incident
- Rescuers said the strike killed 18 people, including UN staffers
Business
Rightmove rejects £5.6bn Murdoch bid
The property website said the bid was undervalued.
- REA made public its interest in Rightmove on September 2, noting "clear similarities" between the pair "in terms of their leading market positions in the core residential business"
- Sector-watchers said REA could be attracted by the prospect of more interest-rate cuts in Britain which would lower mortgage costs for buyers.
Geostrategy
Israel strike on Lebanon kills Hezbollah commander
Mohammad Qassem al-Shaer, "a field commander" in the group's elite Radwan Force, "was targeted in an Israeli strike on a...
- Hezbollah earlier announced Shaer had been killed by Israeli fire, but did not refer to him as a commander
- The Israeli military said its air force had "eliminated the terrorist Mohammad Qassem al-Shaer" in the Bekaa Valley
UN climate chief at deadlocked COP29: ‘Cut the theatrics’
As the UN climate talks limp into a second week in Azerbaijan, the world is no closer to a finance...
Geostrategy
Company News
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‘Amazing’ AI de-ages Tom Hanks in new film ‘Here’
Los Angeles, United States - Tom Hanks has praised the "amazing" use of artificial intelligence to de-age him "in real time"...
Arts & Culture
Updates: Israel slaps ban on United Nations and kills more than 150 in Lebanon and Gaza
Shunning international pressure, Israeli parliament passed a bill banning a United Nations aid agency, and also intensified its strikes against...
Geostrategy
Global VC investment falls to lowest level in nearly seven years
 Global VC investment fell from a five-quarter high of US$95.5 billion in Q2'24 to a nearly seven-year low of US$70.1...
Business
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Economy
Oil prices tumble after Israeli attacks spare Iran facilities
Tokyo, Japan - Oil prices tumbled in early Asian trading Monday with dealers relieved that Israeli strikes carried out Saturday against...
- The price of North Sea Brent for delivery in December fell by 4.05 percent to $72.97, while West Texas Intermediate plunged by 4.19 percent to $68.77
- "Israel's strike, carefully avoiding energy sites, has softened fears of a full-scale conflict with Iran," said Stephen Innes, analyst at SPI Asset Management
Geostrategy
Media: Two major American liberal newspapers refuse to endorse Kamala Harris
With few days remaining to vote in the US election, two major liberal American newspapers have decided not to endorse...
- The Los Angeles Times and The Washington Post say they will not endorse Kamala Harris or any presidential candidate
- "Our job as the newspaper of the capital city of the most important country in the world is to be independent"
Geostrategy
Saudi Arabia opens resort island at futuristic mega-city NEOM
Riyadh, Saudi Arabia -- Saudi Arabia's planned futuristic mega-city known as NEOM announced on Sunday the opening of its "first physical...
- The Red Sea island, known as Sindalah, is "spread over 840,000 square meters" (200 acres) and will be set to receive "up to 2,400 guests per day by 2028".
- NEOM is best known for The Line, twin mirror-encased 170-kilometre-long skyscrapers meant to extend inland from the coast.