Long-shot socialist Mamdani in touching distance of becoming NY mayor
New York, United States - An unknown local lawmaker just a few months ago, leftist Zohran Mamdani has burst onto...
Geostrategy
TotalEnergies approves restart of $20-bn Mozambique gas project
Paris, France -- France's TotalEnergies said Saturday the consortium it leads to build a $20-billion liquified natural gas project in...
Geostrategy
Science
SpaceX mega rocket lost in final phase of third test flight
The sleek mega rocket is vital to NASA's plans for landing astronauts on the Moon later this decade -- and...
- Starship's third launch test in its fully stacked configuration was its most ambitious yet and the company said it was able to meet many of its objectives.
- These included opening and closing Starship's payload door to test its ability to deliver satellites and other cargo into space.
Business
AstraZeneca to buy Amolyt for $1bn
It will pay $800 million upfront for the Lyon-based company.
- The London-listed group added that the transaction would bolster its rare diseases division Alexion.
- AstraZeneca's share price was up 0.1 percent in early morning London trading following the news.
Geostrategy
Brighter US economic outlook fuels global oil demand growth forecast
Rising fuel needs of ships rerouted away from the Red Sea also to increase demand, the International Energy Agency said....
- The IEA said world oil demand growth is now forecast to increase by 1.3 million barrels per day (bpd) this year, 110,000 bpd higher than in its previous monthly market report.
- Global demand is also driven by the "comparatively buoyant economy" of the US where oil consumption is gaining momentum on rising petrochemical operations, it said.
SpaceX poised for third launch test of Starship megarocket
Two previous attempts have ended in spectacular explosions, though that's not necessarily a bad thing: the company has adopted a...
- Blastoff from the company's launch site in southeast Texas can occur beginning at 7:00 am local time (1200 GMT), after the Federal Aviation Administration
- When the two stages of Starship are combined, the rocket stands 397 feet (121 meters) tall -- beating the Statue of Liberty by a comfortable 90 feet
Business
Foxconn net profit jumps 33%
Its net profit for October-December rose to US$1.6bn.
- The company said net profit for October-December rose to Tw$53.1 billion (US$1.6 billion)
- The strong figures follow better-than-expected profits in its third quarter thanks to rising demand
Geostrategy
Israeli lawmakers approve revised wartime budget
The new budget passed by a vote of 62 lawmakers to 55. It modifies the budget passed in May 2023,...
- Parliament had already voted in December for an increase to the 2023 budget for the war against Hamas, boosting the previously approved spending figure by 30 billion shekels
- Israel's retaliatory military campaign to eliminate Hamas has killed at least 31,272 people in Gaza, mostly women and children, according to the territory's health ministry
Geostrategy
China to take ‘all necessary measures’ to protect interests after US TikTok vote
Beijing, China--China on Thursday slammed the approval of a US bill that would ban TikTok unless it severs ties with its...
- The app has soared in popularity worldwide but its ownership by Chinese tech firm ByteDance has fuelled concern in Western capitals
- The US House of Representatives approved a bill that would force TikTok to divest from its parent company or face a nationwide ban
OpenAI partners with Le Monde and Prisa Media
Prisa Media chief executive Carlos Nunez called the OpenAI alliance a "step toward the future of news" where technology and...
- OpenAI will be able to use content from Le Monde and Prisa Media publications including El Pais, Cinco Dias, and El Huffpost to train the models powering its AI
- In the coming months, ChatGPT users will be able to get summaries of news content from the publishers along with links to original articles, according to OpenAI
Geostrategy
UK to ban foreign state ownership of British newspapers
London, United Kingdom--The UK announced Wednesday that it plans to bar overseas governments from owning British newspapers, a move that could...
- A government spokesperson said the move would "deliver additional protections for a free press, a pillar of our democracy"
- British media suggested that minority interests in newspapers and magazines by foreign governments might be allowed
Geostrategy
Israeli strike kills Hamas member and two others in Lebanon
Beirut, Lebanon--Palestinian resistance group Hamas said one of its members was killed in an Israeli strike in south Lebanon on Wednesday...
- The Palestinian resistance group said the man killed in the strike was Hadi Mustafa, a member of its armed wing in Lebanon
- Lebanon's official National News Agency said three people were killed in the strike, including a Syrian passing by on a motorcycle
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
Long-shot socialist Mamdani in touching distance of becoming NY mayor
New York, United States - An unknown local lawmaker just a few months ago, leftist Zohran Mamdani has burst onto...
Geostrategy
Company News
Latest News
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...
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...
Geostrategy
Most Read
Geostrategy
WHO says Gaza facilities attacked as Israel expands operations, calls for ceasefire
WHO chief Tedros Adhanom Ghebreyesus said the Israeli military had entered the UN agency's staff residence, forced women and children...
- WHO chief Tedros Adhanom Ghebreyesus said the Israeli military had entered the UN agency's staff residence, stripped and interrogated male staff at gunpoint
- Tedros, who also condemned an attack on the WHO's main warehouse in Deir el-Balah, said: "A ceasefire is not just necessary, it is overdue," he said on X.
Geostrategy
US President Trump ‘caught off guard’ by Israeli strikes in Syria
US President Donald Trump was "caught off guard" by Israeli strikes in Syria last week, White House spokeswoman Karoline Leavitt...
- Israel had launched strikes on the the southern Druze-majority city of Sweida, saying it aimed to put pressure on the Syrian government to withdraw its troops from the region
- Trump "was caught off guard by the bombing in Syria and also the bombing of a Catholic church in Gaza," Leavitt told reporters at a press briefing
Geostrategy
Iran says will not halt nuclear enrichment ahead of European talks
Iran is scheduled to meet Britain, France and Germany in Istanbul on Friday, to discuss its nuclear programme, with Tehran...
- Iran is due to meet Britain, France and Germany in Istanbul on Friday, to discuss its nuclear programme, with Tehran accusing European powers of scuppering the 2015 nuclear deal
- The meeting will be the first since Iran's 12-day war with Israel last month, during which the United States carried out strikes against Tehran's nuclear facilities