Israel insists it calls shots in Gaza despite signing up to a US-brokered ceasefire
Under the terms of a US-brokered ceasefire, as Israeli forces withdraw after the end of two years of brutal fighting...
Geostrategy
US treasury secretary signals deal to ease trade war with China
Washington, United States -- US Treasury Secretary Scott Bessent on Sunday signaled a tentative deal with China to de-escalate their...
Geostrategy
Business
Nissan, Honda in tie-up for EVs
The alliance will take on China's dominant EV makers.
- The MoU could include cooperation on a common EV powertrain and joint procurement of batteries and other components
- The firms announced a joint news conference at 3:30 pm (0630 GMT) in Tokyo without giving further details at this point in time
Geostrategy
US forces ‘destroy’ Houthi anti-ship missiles and drones in Yemen
Dubai, United Arab Emirates--The US military said Thursday it had destroyed nine anti-ship ballistic missiles and two drones in Yemen after...
- CENTCOM said two missiles fired by the Houthi rebels towards the Red Sea and two towards the Gulf of Aden had caused no damage or injuries
- The Houthi attacks have sent insurance costs spiralling for vessels plying the key trade route and prompted many shipping firms to avoid the Red Sea
India publishes election donation data after court order
The BJP had received slightly less than 48 percent of all election bonds cashed by parties up to March 2023,...
- Electoral bonds have been a key method of political funding, allowing donors to give anonymously through certificates purchased from the State Bank of India (SBI)
- But last month India's top court struck down the scheme as unconstitutional, saying it violated the right of voters to know who was financing parties
Geostrategy
Red Sea crisis reduces Ramadan cheer for war-torn Yemen
Ramadan, when Muslims break their day-long fasts with large evening meals, usually means brisk business for Yemen's shops. But in...
- Over the past four months, the Houthis have been harassing shipping in the Red Sea in protest at Israel's war against Hamas, triggering American and British reprisal strikes
- The conflict in the commercially vital seaway has pushed up the cost of importing goods, exacerbating runaway inflation and raising fears that food supplies could run out
Geostrategy
UN should organize more aid convoys for north Gaza: Israel
An Israeli official said that the UN should coordinate more convoys if it wants to see more aid in north...
- However UNRWA spokeswoman said the issue is with Israel not allowing enough aid in
- Aid workers say slow inspections and opaque rules have held up the arrival of aid
Business
Sweden’s gaming group Embracer divests Russian assets
Stockholm, Sweden - Swedish gaming group Embracer, which owns the Borderlands franchise and the Tomb Raider license, announced on Thursday that...
- Beacon Interactive, which is controlled by Saber Interactive co-founder Matthew Karch, will pay $247 million for the unit, according to Embracer.
- Embracer said the divested assets included "38 ongoing game development projects," amounting to a book value of 2.3 billion kronor ($225 million).
Geostrategy
Former US treasury secretary says preparing buyout of TikTok
Washington, US - Former US Treasury Secretary Steven Mnuchin on Thursday said he is putting together a team of investors to...
- Mnuchin, former US Treasury Secretary, said that TikTok was "a great business and I’m going to put together a group to buy" the embattled app.
- "This should be owned by US businesses. There’s no way that the Chinese would ever let a US company own something like this in China," Mnuchin said.
Geostrategy
US sanctions five Israeli entities including three settlers in West Bank
Washington, US - The United States sanctioned three Israeli settlers and two farming outposts on Thursday, accusing them of being involved...
- "Today, we are taking further action to promote accountability for those perpetuating violence and causing turmoil in the West Bank," a US official said.
- The US Treasury Department website showed that the three sanctioned individuals, Zvi Bar Yosef, Neriya Ben Pazi and Moshe Sharvit were Israeli citizens in West Bank.
Geostrategy
Leader of US Senate calls for election in Israel
The leader of the US Senate called for Israel to hold new elections in the most strident criticism yet by...
- “As a democracy, Israel has the right to choose its own leaders, and we should let the chips fall where they may,” Chuck Schumer said.
- He said that Netanyahu was one of four "major obstacles" to a two-state solution.
Geostrategy
UN probe: ‘No exchange of fire’ before Israel shelled media in Lebanon
Two Israeli shells hit the group in quick succession as they were working near the border village of Alma al-Shaab...
- UNIFIL's investigation found that as there was no exchange of fire at the time of the incident, "the reason for the strikes on the journalists is not known".
- An AFP probe into the attack, jointly conducted with Airwars, an NGO that probes attacks on civilians in conflict situations, pointed to a tank shell only used by Israeli army.
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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
Israel insists it calls shots in Gaza despite signing up to a US-brokered ceasefire
Under the terms of a US-brokered ceasefire, as Israeli forces withdraw after the end of two years of brutal fighting...
Geostrategy
Company News
Latest News
Trump announces ‘massive’ Japan trade deal including 15% tariff
US President Donald Trump announced Tuesday a "massive" trade deal with Japan, cutting a threatened 25-percent tariff to 15 percent...
Economy
More than 100 NGOs warn ‘mass starvation’ spreading across Gaza
The UN said on Tuesday that Israeli forces had killed more than 1,000 Palestinians trying to get food aid since...
Geostrategy
Top Palestinian official meets US ambassador to Israel in Ramallah
Hussein al-Sheikh, vice-president of the Palestinian Liberation Organization (PLO), on Tuesday said he met the US ambassador to Israel, Mike...
Geostrategy
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Geostrategy
91% of new renewable projects now cheaper than fossil fuels alternatives
Abu Dhabi, UAE -- Renewables maintain their cost leadership in global power markets, IRENA’s new report on Renewable Power Generation...
- IRENA’s new report confirms renewables maintained their price advantage over fossil fuels, with cost declines driven by technological innovation.
- In 2024, solar photovoltaics (PV) were, on average, 41 percent cheaper than the lowest-cost fossil fuel alternatives, while onshore wind projects were 53 percent cheaper.
Geostrategy
Humans beat AI gold-level score at top maths contest
Sydney, Australia -- Humans beat generative AI models made by Google and OpenAI at a top international mathematics competition, despite...
- Google and OpenAI models didn't score full marks -- unlike five young people at IMO, a prestigious annual competition where participants must be under 20.
- Google said Monday that an advanced version of its Gemini chatbot had solved five out of the six maths problems set at the IMO, held in Australia's Queensland this month.
Geostrategy
Gaza hospital says 21 children dead from malnutrition and starvation
Gaza's population of more than two million people is facing severe shortages of food and other essentials, with residents frequently...
- Mohammed Abu Salmiya, the director of Al-Shifa Medical Complex in Gaza, said that new cases of malnutrition and starvation were arriving at functioning hospitals "every moment".
- "We are heading towards alarming numbers of deaths due to the starvation inflicted on the people of Gaza," he added.