Amazon to cut 30,000 office jobs: media reports
Amazon will lay off tens of thousands of office workers as the e-commerce and tech giant trims costs amid ramped-up...
Business
China hails coming of ‘multipolar world’ ahead of key Trump-Xi talks to avert trade war
Global markets are watching closely to see if Thursday's planned meeting between the two presidents can halt a trade war...
Geostrategy
Geostrategy
European Union and Egypt to sign $8 billion funding package
Cairo, Egypt -- The European Union, which is seeking to stem the inflow of irregular migrants, announced Sunday a 7.4 billion...
- It will include billions in loans over coming years and aims to step up Egyptian energy imports to help Europe "move further away from Russian gas" amid the Ukraine war.
- Egypt already hosts around 9 million migrants and refugees, including 4 million Sudanese and 1.5 million Syrians, according to the UN's International Organization for Migration.
WHO calls on Israel to halt planned assault on Rafah
Israel's Prime Minister Benjamin Netanyahu approved the military's "plans for action in Rafah", according to a statement Friday, which gave...
- WHO chief wrote on X that he wa gravely concerned about reports of an Israeli plan to go into Rafah
- He said an evacuation planned by the Israeli army before its assault was not a practical solution
Economy
US Fed to provide fresh clues on rate cuts after uptick in inflation
The Fed has raised interest rates to a 23-year high of between 5.25 and 5.50% as it looks to return...
- After two days of discussions, the Fed will publish an updated summary of economic projections (SEP) alongside its rate decision on Wednesday,
- Officials at the US central bank -- led by Fed chair Jerome Powell -- have urged caution about cutting interest rates too quickly, and said they will follow a "data-dependent" path
Geostrategy
Afghanistan bus-oil tanker collision kills 21, injures 38
Kabul, Afghanistan--Twenty-one people were killed and 38 injured on Sunday in southern Afghanistan's Helmand province when a bus collided with an...
- The provincial information department said the accident took place on the Herat-Kandahar highway in Grishk district of Helmand province
- Images shared by the department on social media showed charred, twisted metal scattered across the highway and the crushed cabin of the tanker
Geostrategy
Trump hails election as ‘most important date’ in US history
Earlier this month Trump and Biden each won enough delegates to clinch their party nominations in the 2024 presidential race,...
- Days after securing his position as the presumptive Republican nominee, the former president also warned of a "bloodbath" if he is not elected
- As Trump's comment gained traction on social media, Biden's campaign released a statement calling the Republican a "loser" at the ballot box in 2020
Geostrategy
Ground operations in Ukraine possible at some point, says Macron
Last month French president refused to rule out putting troops on the ground in Ukraine, which prompted a stern response...
- French President Emmanuel Macron met his German and Polish counterparts in Berlin on Friday
- Macron said the three countries were "united" in their aim to "never let Russia win"
Geostrategy
Israel cabinet to meet on Sunday on Doha truce talks
Jerusalem--Israel's security cabinet is set to meet Sunday to discuss the "mandate" of a delegation due to travel to Doha...
- A statement said the security cabinet will meet Sunday to "decide on the mandate of the delegation in charge of the negotiations before its departure for Doha
- Israel's prime minister faces domestic political pressure to secure the release of hostages seized in Hamas's unprecedented October 7 attack on southern Israel
Geostrategy
Israeli attack on Ramadan Friday kills 36 relatives in Gaza
Israel's military campaign against Gaza has killed at least 31,553 people, mostly women and children, according to the Hamas-run territory's...
- An Israeli air strike hit the building where the Tabatibi family were staying
- The Israeli military said it targeted two so-called "terror operatives" in Nuseirat
Geostrategy
Israeli fighter jets bomb Syria weapons depot
Israel has launched hundreds of air strikes on targets in Syria since civil war broke out in 2011, mainly targeting...
- Syrian Observatory for Human Rights said "Israeli missiles" targeted a weapons depot
- Another site near an army battalion in the same area was also targeted
Geostrategy
Second aid ship prepares to leave for Gaza from Cyprus
According to Cyprus foreign ministry spokesperson, the ship will depart for Gaza today even as US charity World Central Kitchen...
- The maritime aid corridor from Cyprus is meant to partly address shortages in Gaza
- World Central Kitchen built a makeshift jetty southwest of Gaza City to receive aid
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Amazon to cut 30,000 office jobs: media reports
Amazon will lay off tens of thousands of office workers as the e-commerce and tech giant trims costs amid ramped-up...
Business
Company News
Latest News
International Court of Justice court paves way for climate reparations
The court said climate change was an "urgent and existential threat" and countries had a legal duty to prevent harm...
Geostrategy
Israel recalls Gaza negotiators after Hamas responds to ceasefire plan
Mediators have been shuttling between Israeli and Hamas delegations in Qatar for more than two weeks, but the indirect talks have...
Geostrategy
First foreign firm takes ownership of Saudi football club
The Harburg Group -- led by American Ben Harburg -- said it had "officially completed the 100 percent acquisition of...
Business
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Geostrategy
India expulsions to Bangladesh unlawful, target Muslims: HRW
New Delhi, India - India has pushed hundreds of ethnic Bengali-speaking Muslims into Bangladesh without due process, Human Rights Watch...
- The Hindu nationalist government of Prime Minister Narendra Modi has long taken a hardline stance on immigration -- particularly those from neighbouring Muslim-majority Bangladesh
- HRW, a New York-based nonprofit, said India expelled more than 1,500 Muslim men, women, and children to Bangladesh between May 7 and June 15, quoting Bangladeshi authorities
Geostrategy
Hamas confirms it responded to latest Gaza truce proposal
Hamas confirmed on Thursday that it has responded to an Israeli proposal for a 60-day ceasefire in Gaza, after more...
- "Hamas has just submitted its response and that of the Palestinian factions to the ceasefire proposal to the mediators," the Palestinian militant group said in a statement
- Negotiators from both sides have been holding indirect talks in Doha with mediators in an attempt to reach an agreement on a truce deal
Geostrategy
Saudi investors’ delegation arrives in Syria, aims to invest billions
Riyadh, Saudi Arabia -- A Saudi delegation of over 100 investors arrived in Damascus on Wednesday ahead of a conference...
- The country's investment minister, Khalid Al-Falih, was leading the delegation, which included 120 investors, aiming to ink agreements worth 15 billion riyals ($4 billion).
- Earlier this year, Saudi Arabia and Qatar pledged to settle Syria's debt to the World Bank totaling about $15 million.