AI giants turn to massive debt to finance tech race
New York, United States -- Meta raised $30 billion in debt on Thursday, as tech giants flush with cash turn...
Business
TotalEnergies net profit soars despite lower oil prices
Paris, France -- French oil and gas giant TotalEnergies reported on Thursday a sharp increase in third-quarter net profit despite...
Business
Geostrategy
Polish PM warns of strained relations with Israel after aid workers killing
"If it is true that the convoy was deliberately attacked because it was supposed to contain a terrorist, and that...
- Directly addressing Israeli leader Benjamin Netanyahu and Israel's envoy to Warsaw, Tusk posted on X: "Today, you are putting this solidarity to the test"
- The Israeli strike killed seven aid workers in Gaza, including Australian, British, Palestinian, Polish and US-Canadian staff.
Business
Oil prices hit fresh five-month high on OPEC reduction output
Oil prices rose around one percent, with Brent crude closing in on $90 per barrel, as OPEC experts met to...
- Gold zoomed to an all-time pinnacle at $2,288.40 per ounce in Asian trade on haven demand amid geopolitical tensions and the prospect of rate cuts.
- Eurozone stocks advanced as a drop in inflation raised hopes of a rate cut by the European Central Bank, while Wall Street stocks rose following strong jobs data.
Palestinians relaunch bid to become UN member state
The Palestinians, who have had observer status at the world body since 2012, have lobbied for years to gain full...
- To win the council's approval for the membership, the Palestinians would have to secure nine votes from the 15 members and no veto from any of the five permanent members
- The League of Arab States, the Organization of the Islamic Conference and the Non-Aligned Movement sent a letter to Guterres on Tuesday supporting the bid by the Palestinians
Geostrategy
Israel terms killing of aid workers in Gaza ‘grave mistake’
Israeli Prime Minister Benjamin Netanyahu said the military had "unintentionally" killed the aid workers, calling it a "tragic case" that...
- The attack was widely condemned, with world leaders demanding an investigation
- US President Joe Biden said Israel "has not done enough" to protect aid workers
Business
Tesla reports drop in auto sales
The decline was in part due to a weak sales market in China.
- In explaining the drop, Tesla pointed to a hit from the production ramp-up of an updated Model 3 at its California factory and plant shutdowns due to shipping diversions
- Financial services firm Morningstar said the decline also "points to a slowdown in demand for Tesla's vehicles, as the company's competitors may have cut price more than Tesla
Geostrategy
Four Israeli officers injured in car-ramming attack near West Bank
Jerusalem--Four Israeli police were injured in a car-ramming attack at a checkpoint in the centre of the country, police said...
- The attacker crashed into four police officers at a checkpoint in the town of Kochav Yair, near the West Bank
- Israeli police said in a statement that the officers suffered minor injuries and were taken to hospital
Geostrategy
Netanyahu branded ‘traitor’ in fourth night of Israel protests
Former premier Barak said if Netanyahu launches a ground offensive on Rafah, the "hostages will return in coffins. The one...
- Thousands gathered in front of the country's parliament, with hostage families and former prime minister Ehud Barak blaming Netanyahu for the October 7 attacks
- Merav Svirsky, who lost both her parents in the Hamas attack, and whose brother was later murdered in Gaza, said Netanyahu is in no hurry to free the hostages
Economy
World Bank estimates damage to Gaza infrastructure at $18.5bn
The World Bank said in its interim damage assessment, this is equivalent to 97 percent of the combined economic output...
- The bank said the rate of damage appears to be leveling off as few assets remain intact
- The report also found that more than half of Gaza's population were on the brink of famine
Geostrategy
Gaza situation ‘beyond catastrophic’, says UN agency chief
The British-born official, who spent a week in the besieged Palestinian territory last month, said even when aid got through...
- "Everybody we drove by and many we spoke to were gaunt, starving, hungry and looking frail. Everybody was looking for food," said Dominic Allen, the head of UNFPA.
- "Delivery rooms are overwhelmed. A midwife described women giving birth on the floor because they were at maximum capacity," he added.
Geostrategy
World powers condemn deadly Gaza air strike on aid workers
World Central Kitchen -- one of two NGOs spearheading efforts to deliver aid by boat -- said a "targeted Israeli...
- The EU's foreign policy chief Josep Borrell, who is also Spanish, said that "despite all the demands to protect civilians and humanitarian workers, we see new innocent casualties".
- Australian PM Anthony Albanese slammed the "completely unacceptable" attack, and called it a "tragedy that should never have occurred"
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AI giants turn to massive debt to finance tech race
New York, United States -- Meta raised $30 billion in debt on Thursday, as tech giants flush with cash turn...
Business
Company News
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Israel intercepts Huthi missile fired from Yemen
The Israeli military said it intercepted a missile fired from Yemen on Friday, which the Iran-backed Huthi rebels said they...
Geostrategy
Turkey starts supplying Azerbaijani gas to boost Syria’s power output
Istanbul, Turkey - Turkey on Saturday turned on a supply of natural gas from Azerbaijan to Syria, whose infrastructure was...
Geostrategy
US envoy meets Israeli hostage families in Tel Aviv
US envoy Steve Witkoff on Saturday met the anguished families of Israeli hostages still held in Gaza, as fears for...
Geostrategy
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Geostrategy
Israel’s Druze organise aid for violence-hit Syria community
In the quiet Galilee village of Julis, Israeli Druze volunteers are busy collecting food donations and gathering information to support...
- The colourful Druze flag hangs on a wall in a community centre alongside a sign in Hebrew that reads "Druze Community Emergency Room."
- Sweida, a Druze-majority province in southern Syria, saw a week of deadly clashes last month, which a war monitor said killed more than 1,400 people
Geostrategy
Iran rejects Western accusations of overseas plots as ‘baseless’
In a statement, Iranian foreign ministry spokesman Esmaeil Baqaei described the claims as "baseless", calling them "an attempt to divert...
- In a statement, Iranian foreign ministry spokesman Esmaeil Baqaei described the claims as "baseless", calling them "an attempt to divert public attention from genocide in Gaza
- The United States, Britain, France and Germany condemned in a joint statement on Thursday "the growing number of state threats from Iranian intelligence agencies."
Geostrategy
Trump orders deployment of nuclear submarines in response to ‘provocative’ Russian comments
The United States and Russia control the vast majority of the world's nuclear weaponry, and Washington keeps nuclear-armed submarines on...
- Trump did not say whether he meant nuclear-powered or nuclear-armed submarines, and he also did not elaborate on the locations, which are kept secret by the US military
- Trump did not refer specifically to what Medvedev had said to prompt the highly unusual public display of nuclear saber-rattling