OPEC+, including Saudi Arabia and Russia, agree further hike to their oil production
The 137,000-barrels-per-day hike will apply from December and remain at that level for the following three months, signifying a "pause"...
Economy
High price of gold inspires new rush in California
El Dorado Hills, United States -- Matt James has collected gold nuggets for years from the hills and riverbeds of...
Business
Iran, Israel appear to pull back from brink as US approves military aid
Iran downplayed Israel's reported retaliation for its unprecedented drone and missile attack, tamping down fears that escalating attacks between the...
- Aiming to bolster Israel's defences including its Iron Dome air defence system, the US House of Representatives approved $13 billion in new military assistance for the country
- Israeli Prime Minister Benjamin Netanyahu welcomed the aid bill, writing on X, that it "demonstrates strong bipartisan support for Israel and defends Western civilization."
Geostrategy
Erdogan urges Palestinian unity after meeting Hamas chief: office
Erdogan called on Palestinians to unite following the talks at the Dolmabahce palace, on the banks of the Bosphorus strait,...
- Erdogan said recent events should not allow Israel to "gain ground and that it is important to act in a way that keeps attention on Gaza".
- "Even if only I, Tayyip Erdogan, remain, I will continue as long as God gives me my life, to be the voice of the oppressed Palestinian people," the president said.
Interview
AI is revolutionizing news ecosystem: Expert
Generative AI has removed barriers in the previous generation of AI such as news devices, new hardware and technical expertise,...
- With Generative AI, on can run news workflow through interfaces that one pays $20 a month. One doesn't need to be a coder.
- Jelani Cobb, Dean of Columbia School of journalism, says: '+AI is unignorable force that journalism will have to organize itself around'.
Calls for calm after reported Israeli strike on Iran
An unidentified Israeli official told The Washington Post the "strike" was retaliation for Iran's drone and missile barrage and was...
- Israeli officials made no public comment on the attack and Iranian officials played down its significance
- Iranian Foreign Minister Hossein Amir-Abdollahian said Israeli micro-drones used in the operation had caused no deaths or damage
Japanese AI tool predicts when recruits will quit jobs
Tokyo, Japan -- Bosses worried about turnover or wondering how long a new hire will stick around can now turn to...
- The artificial intelligence tool was developed by Japanese researchers to try and help managers provide targeted support to staff to stop them from quitting.
- It crunches data on employees at a company, from their attendance record to personal information such as age and gender.
Business
Meta releases beefed-up AI models
The models are built on new versions of publicly available Llama 3.
- Being open source means that developers outside of Meta are free to customize Llama 3 as they wish.
- Llama 3, for now, is based in English but in the coming months Meta will release more capable models able to converse in multiple languages, the company said.
Geostrategy
G7 nations oppose ‘full-scale military operation in Rafah’
Ministers from Italy, the UK, US, France, Germany, Japan and Canada also slammed the "unacceptable number of civilians" killed in...
- Israel has faced growing global opposition to the relentless war that has reduced much of Gaza to rubble, while its 2.4 million people have suffered under an Israeli siege.
- Israel's offensive has killed at least 33,970 people in Gaza, mostly women and children. according to the Gaza health ministry.
Economy
Oil prices surge, Asian markets fall following Iran explosions
Oil prices surged more than three percent in early Asian trade, and Asian stock markets slumped by over 3 percent...
- West Texas Intermediate jumped 4 percent to $86 and Brent rose 3.9 percent to $90.5
- Asian stocks tumbled Friday, with Japan’s Nikkei slumping as much as 3.5 percent
Geostrategy
Israel strikes Syria again following overnight ‘retaliatory’ attack on Iran
Israeli strikes on Friday targeted a Syrian army position in the country's south, a war monitor said, as US media...
- Israeli strikes on Friday targeted a Syrian army position in the country's south,
- UN Secretary-General Antonio Guterres: The Middle East is on a precipice
Business
Norway wealth fund earns $109bn on gain in tech stocks in Q1
Oslo, Norway -- Norway's sovereign wealth fund, the world's largest, posted a gain of more than $100 billion in the...
- The fund's total return on investment reached 6.3 percent, with the yield on global equities reaching 9.1 percent.
- The fund — which manages assets worth $1.6 trillion — invests the surplus revenues of the country’s oil and gas sector in various assets
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OPEC+, including Saudi Arabia and Russia, agree further hike to their oil production
The 137,000-barrels-per-day hike will apply from December and remain at that level for the following three months, signifying a "pause"...
Economy
Company News
Saudi Arabia to host Italian Super Cup in December
Arts & Culture
Latest News
TomTom cuts 300 jobs
Business
Lebanon’s Hezbollah rejects cabinet decision to disarm it, terms it a grave sin
Hezbollah said Wednesday that it would treat a Lebanese government decision to disarm the militant group "as if it did...
Geostrategy
World Cup host Morocco under pressure to save stray dogs
Tangiers, Morocco - Animal welfare groups have accused Morocco of culling stray dogs as it prepares to host football's 2030...
Economy
Only 1.5% of Gaza farmland usable, reveals latest satellite survey published by FAO
The survey, which dates from July 28, found that 8.6 percent of Gaza's farmland was accessible, but only 1.5 percent,...
Geostrategy
Most Read
Business
Apple to invest additional $100 bn in US: White House
Washington, United States -- Apple will invest an additional $100 billion in the United States, taking its total pledge to...
- In February, Apple said it would spend more than $500 billion in the United States and hire 20,000 people, with Trump quickly taking credit for the decision.
- Trump, who has pushed US companies to shift manufacturing home by slapping tariffs on trading partners, claimed that his administration was to thank for the investment.
Geostrategy
Full occupation of Gaza looms as Israel orders army to execute any decision
The Israeli press, citing officials, has predicted an escalation of operations, including in densely populated areas where hostages are believed...
- Media reports in Israel have said Netanyahu and his cabinet may order a full military occupation of Gaza, allegedly sparking dissension from armed forces chief Lt Gen Eyal Zamir.
- On Tuesday, Netanyahu held a three-hour meeting with security chiefs including Zamir to discuss options for the continuation of the war, the premier's office said in a statement.
Economy
Syria inks infrastructure and real-estate deals worth $14 billion
Since the overthrow of longtime ruler Bashar al-Assad in December, Syria's new authorities have worked to attract investment for the...
- The plans include a $4 billion investment project for Damascus airport and $2bn in investment for a Damascus metro, as well as more than $2bn for a mall and two towers development
- Last month, Saudi Arabia signed major investment and partnership deals with Syria, valued at $6.4 billion.