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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Trump stings friends and foes alike in his tariffs war, countries eye trade talks

The tariff announcements rattled stock markets while safe haven gold hit a new record high, oil prices fell and the...
  • China demanded that the tariffs be "immediately cancelled" and vowed "countermeasures", while France and Germany warned that the EU could hit US tech firms.
  • But EU and other countries also showed willingness to negotiate as they refrained from immediate retaliatory measures, with almost a week until the harsher US levies take effect.

China says opposes new US tariffs, vows ‘countermeasures’

China on Thursday said it "firmly opposes" sweeping new US tariffs on its exports and vowed "countermeasures to safeguard its...
  • US President Donald Trump has ignited a potentially ruinous global trade war after imposing 10 percent levies on imports from around the world
  • Beijing responded to those tariffs with levies of up to 15 percent on a range of US agricultural goods including soybeans, pork and chicken

US university calls for release of detained Turkish student

New York, United States - Tufts University on Wednesday publicly backed its student Rumeysa Ozturk, a Turkish national detained by...
  • Video of Ozturk's arrest by masked agents on a sidewalk has sparked outrage online
  • This has added to concerns about freedom of speech and respect for due process under Trump

Israel’s Netanyahu arrives in Hungary, defying ICC warrant

Israeli Prime Minister Benjamin Netanyahu arrived in Budapest early Thursday on his first trip to Europe since 2023 and in...
  • Hungarian Prime Minister Viktor Orban extended an invitation to Netanyahu last November, a day after the ICC issued the arrest warrant over alleged war crimes in Gaza
  • Orban vowed the EU member would not execute the warrant, despite being an ICC member, saying the court's decision "intervenes in an ongoing conflict... for political purposes".

Military confrontation ‘almost inevitable’ if Iran nuclear talks fail, says French foreign minister

Western countries including the United States have long accused Iran of pursuing a nuclear weapon, which Tehran has denied, insisting...
  • "Our confidence and our conviction remain intact," Barrot said. "Iran must never acquire nuclear weapons."
  • "Our priority is to reach an agreement that verifiably and durably constrains the Iranian nuclear program," he added.

World’s tiniest pacemaker is smaller than grain of rice

Paris, France -- Scientists said Wednesday they have developed the world's tiniest pacemaker, a temporary heartbeat regulator smaller than a...
  • While still years away from being tested in humans, the wireless pacemaker was hailed as a "transformative breakthrough" that could spur advances in other areas of medicine.
  • Millions of people across the world have permanent pacemakers, which stimulate hearts with electrical pulses to ensure they beat normally.

Israel says expanding Gaza offensive to seize ‘large areas’

Defense Minister Israel Katz said Israel would bolster its military presence in the Palestinian territory to "destroy and clear the...
  • An Israeli group representing the families of hostages still held in Gaza said they were "horrified" by Katz's announcement of expanded military operations.
  • Meanwhile, Israel's far-right National Security Minister Itamar Ben Gvir visited Jerusalem's Al-Aqsa Mosque compound on Wednesday, drawing condemnations.

Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.
  • Musk's electric vehicle company delivered 336,681 autos in the quarter ending March 31, missing analyst expectations.
  • Tesla shares fell more than six percent in early trading after the deliveries fell by more than expected from the year-ago stretch. Shares later partially rebounded.

US senator smashes record with 25-hour anti-Trump speech

Washington, United States - A Democratic US lawmaker shattered a record for the longest speech in Senate history Tuesday, staying...
  • Senator Cory Booker's display of endurance recalled the famous scene in Frank Capra's 1939 film classic "Mr. Smith Goes to Washington."
  • The longest Senate speech on record before Tuesday was delivered by South Carolina's Strom Thurmond, who filibustered for 24 hours and 18 minutes against Civil Rights Act of 1957

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.
  • Sales of Tesla's electric cars in France fell 36.8 percent in March from a year ago amid a slight drop in the overall electric car market
  • In Sweden, Tesla sales declined 63.9 percent in March and 55.2 percent in the first three months of the year, according to Mobility Sweden

Hamas to release hostage as part of direct talks with US

In a joint statement Egypt and Qatar, who along with the US have mediated talks between Hamas and Israel, also...

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UAE to lift three-year Lebanon travel ban: statement

Dubai, United Arab Emirates -- The United Arab Emirates will lift a ban on its citizens travelling to Lebanon that...

US reaching out to China for tariff talks: Beijing state media

United States officials have reached out to their Chinese counterparts for talks on vast tariffs that have hammered markets and...

‘The Eternaut’ echoes fight against tyranny: Ricardo Darin

Survival through teamwork: It's a tale as old as time with particular resonance today, says Argentine actor Ricardo Darin of...

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AI companions present risks for young users, US watchdog warns

New York, United States -- AI companions powered by generative artificial intelligence present real risks and should be banned for...
  • The watchdog, Common Sense, tested several of these platforms, namely Nomi, Character AI, and Replika, to assess their responses.
  • While some specific cases "show promise," they are not safe for kids, concluded the organization, which makes recommendations on children's use of technological content.

UAE says foils bid to transfer weapons to Sudan army

"The security services succeeded in preventing the transfer of a quantity of military equipment to the Sudanese Armed Forces following...
  • The UAE statement said members of the cell included former Sudanese intelligence chief Salah Gosh an ex-adviser to the finance minister and political figure close to army chief.
  • It said the arrests were made "during an inspection of ammunition in a private aircraft" loaded with around five million machine gun rounds.

Global stocks mostly rise as Trump grants auto tariff relief

Stocks moved sideways on Monday after notching four straight positive sessions last week as Trump adopted a more conciliatory posture...
  • Trump's pivot includes limitations on the impact of multiple tariffs on carmakers and a measure to allow carmakers to offset a portion of the levy for two years
  • Investors are "encouraged by the Trump decision to be a little more flexible (...) with the autos," said CFRA Research's Sam Stovall, who predicted stocks could go higher