World has ‘the tools’ to unlock $1.3 trillion in climate finance: COP30 report
The 81-page report was released by the heads of last year's COP29 conference in Azerbaijan and the upcoming COP30 gathering...
Economy
World on track to dangerous warming as emissions hit record high: UN
Scientists are in broad agreement that warming above 1.5C relative to pre-industrial times risks catastrophic consequences, and every effort must...
Geostrategy
Business
UBS-Credit Suisse merger completed
The fallen Credit Suisse AG legally ceases to exist.
- Credit Suisse AG's clients are now considered to be clients of UBS AG.
- With today's merger, UBS has taken over Credit Suisse's rights and obligations.
Geostrategy
Israel troops push into central Rafah
In central Gaza, the Israeli army said it was "intensifying operations" and had carried out air strikes that "eliminated several...
- Witnesses reported seeing Israeli air strikes "in central Rafah" as well as troop movements in the area
- Israel said its forces had killed about 300 Palestinian fighters in Rafah since launching its military operation in the city
Business
Oil giant Aramco says to offer shares worth over $10 bn on Saudi bourse
Riyadh, Saudi Arabia - Oil giant Saudi Aramco said on Thursday it plans to sell 1.545 billion shares worth more than...
- In a statement posted to the Saudi stock exchange, Aramco announced a secondary public offering of 1.545 billion shares
- The sale on the local bourse, which represents approximately 0.64 percent of the company's issued shares, will commence on Sunday
Geostrategy
US, UK air strikes hit several sites in Yemen
The British defence ministry said in a statement that its planes launched strikes in "a joint operation with US forces...
- AFP journalists heard loud explosions in the capital Sanaa and the port city of Hodeida overnight from Thursday to Friday
- The Houthi-controlled television channel Al-Masirah said strikes had also targeted telecoms infrastructure in the town of Taez
Geostrategy
Humanity in ‘race against time’ on Artificial Intelligence: UN
Geneva, Switzerland -- Humanity is in a race against time to harness the colossal emerging power of artificial intelligence for the...
- "We've let the genie out of the bottle," said Doreen Bogdan-Martin, head of the United Nations' International Telecommunications Union (ITU).
- "I believe we have a once-in-a-generation opportunity to guide AI to benefit all the world's people," Bogdan-Martin told AFP ahead of the summit.
Geostrategy
Rafah battles intensify as Israel takes over Gaza-Egypt border strip
Israel said on Wednesday its forces had taken over the 14-kilometre Philadelphi corridor on the Gaza-Egypt border
- The Israeli military launched its incursion into Rafah in early May despite international objections
- A strike over the weekend that started a fire and killed dozens in a displacement camp drew a wave of fresh condemnation
Geostrategy
Car ramming attack kills two Israeli soldiers in West Bank: army
A car ramming attack killed two Israeli soldiers near the city of Nablus in the occupied West Bank, the Israeli...
- Violence in the West Bank flared against the backdrop of Israel's war against Hamas militants in Gaza
- The amount of humanitarian aid entering Gaza has dropped by two-thirds-UN
Geostrategy
China’s Xi to address Arab leaders seeking ‘common voice’ on Gaza
Meeting Sisi on Wednesday, Xi said he was "deeply pained" by the "extremely severe" situation in Gaza, where the Hamas-run...
- China's capital is this week hosting Egyptian President Abdel Fattah al-Sisi and several other Arab leaders for a forum in which Israel-Palestine war is expected to be discussed
- Beijing has good relations with Israel but has supported the Palestinian cause for decades and campaigned for a two-state solution to the Israeli-Palestinian conflict
Economy
Egypt hikes subsidized bread price for first time in decades
Cairo, Egypt - Egypt's cabinet decided Wednesday to raise the price of subsidized bread for the first time in 30 years,...
- The price of a loaf, long set at five piastres ($0.001), would quadruple to 20 piastres ($0.004) from June 1, Prime Minister Mostafa Madbouly told a news conference
- Madbouly acknowledged the move would be unpopular but emphasised the need to "rationalise the burden on the state treasury to ensure the sustainability of subsidies."
Geostrategy
Blinken says Israel needs post-war plan ‘as quickly as possible’
"In the absence of a plan for the day after, there won't be a day after. And this is where...
- "If it is, it will simply have an enduring insurgency on his hands for as far as one can see into the future," Blinken said.
- Israeli National Security Adviser Tzachi Hanegbi said earlier that the military would need "another seven months" to "consolidate our success" against Hamas.
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World has ‘the tools’ to unlock $1.3 trillion in climate finance: COP30 report
The 81-page report was released by the heads of last year's COP29 conference in Azerbaijan and the upcoming COP30 gathering...
Economy
Company News
Latest News
China Evergrande Group says to delist from Hong Kong
Hong Kong, China -- Embattled property giant China Evergrande Group said Tuesday it will delist from Hong Kong Stock Exchange...
Business
The Elders group of global leaders terms Gaza situation ‘unfolding genocide’
The London-based group also called for the "recognition of the State of Palestine", but added "this will not halt the...
Geostrategy
Most Read
Geostrategy
Iran security chief meets officials in Iraq before Lebanon visit
Ali Larijani, the head of Iran's top security body, met with senior officials in Iraq on Monday, ahead of a...
- Tehran has suffered a series of blows in its long-running rivalry with Israel, including during 12 days of open war between the two countries in June
- Israel, briefly joined by the United States, struck Iranian nuclear facilities, while Israel has also devastated Hamas and Hezbollah since late 2023
Economy
Most markets rise as China-US tariff truce extended, US inflation data in focus
In an executive order, the White House reiterated its position that there are "large and persistent annual US goods trade...
- Donald Trump's widely expected trade announcement avoids the reimposition of sky-high levies and allows officials from Washington and Beijing to continue talking into November
- the White House reiterated its position that there are "large and persistent annual US goods trade deficits" and they "constitute an unusual and extraordinary threat."
Geostrategy
Accumulating bitcoin a risky digital rush by companies?
London, United Kingdom - US President Donald Trump's media group and Tesla, the electric carmaker owned by tech billionaire Elon...
- Companies frequently own bitcoin to take part in sector activities such as "mining", which refers to the process of validating transactions in exchange for digital tokens
- Other players who had core operations totally unrelated to cryptocurrency, such as Japanese hotel business MetaPlanet, have switched to buying bitcoin