Gaza ceasefire enters phase two despite unresolved issues between Israel and Hamas
The most contentious questions remain Hamas's refusal to publicly commit to full disarmament, a non-negotiable demand from Israel, and Israel's...
Geostrategy
Gold hits record high, dollar falls as US targets Fed
Fed Chair Jerome Powell confirmed the "unprecedented" subpoenas against the bank in a rare video address on Sunday, which he...
Business
Geostrategy
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...
- Prime Minister Benjamin Netanyahu said Israel would decide for itself where and when to strike its foes and which countries would be allowed to send troops to police the trucehe
- "Israel is an independent state. We will defend ourselves by our own means and we will continue to determine our fate," Netanyahu said. "We do not seek anyone's approval for this."
Geostrategy
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...
- Since his surprise victory in the Democratic Party primary in June, New Yorkers have become used to seeing his bearded, smiling face on television
- The 34-year-old election frontrunner was born in Uganda to a family of Indian origin and has lived in the United States since he was 7, becoming a naturalized US citizen in 2018
Geostrategy
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...
- Global markets are watching closely to see if Thursday's planned meeting between the two presidents can halt a trade war sparked by the sweeping tariffs announced by Trump
- Speaking at a forum in Beijing on Monday, Wang Yi urged "an end to politicising economic and trade issues, artificially fragmenting global markets, and resorting to trade wars
Geostrategy
Trump starts key Asian tour with deals ahead of China meet
Trump rewarded Cambodia and Thailand with trade deals after co-signing their ceasefire pact, and saying he was confident of a...
- Trump met Qatar's leaders -- among the guarantors of the Gaza ceasefire deal he spearheaded -- during a refueling stop.
- As he left Washington, Trump added to speculation that he could meet North Korean leader Kim Jong Un for the first time since 2019 while on the Korean peninsula.
Geostrategy
Nigeria refinery aims to be world’s biggest with expansion
Lagos, Nigeria -- Nigeria's Dangote oil refinery, already the largest in Africa, aims to become the biggest in the world...
- "We are more than doubling the barrels... to 1.4 million from 650,000," said Aliko Dangote, a Nigerian businessman who is Africa's richest person.
- The Dangote refinery has sparked monopoly fears as it becomes a powerful player itself.
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...
- Scott Bessent said the US threat of a 100% tariff hike on Chinese goods had effectively been taken off the table in exchange for Beijing deferring curbs on its rare earth exports.
- The secretary's remarks came as Trump kicked off an Asia tour in Kuala Lumpur that will culminate in a sitdown with Xi in South Korea.
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...
- The Mozambique LNG project, the largest private investment in Africa's energy infrastructure, is expected to generate thousands of jobs.
- Work was frozen after militants launched a deadly attack on the site of the project near the Tanzanian border in March 2021, resulting in around 800 deaths.
Geostrategy
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...
- The 34-year-old election frontrunner was born in Uganda to a family of Indian origin and has lived in the United States since he was seven.
- He is the son of filmmaker Mira Nair ("Monsoon Wedding," "Salaam Bombay!") and Mahmood Mamdani, a professor and respected Africa expert.
Economy
US Fed will likely cut again despite economic murkiness from shutdown
The central bank's second-to-last rate meeting of the year is taking place against the backdrop of a weeks-long standoff between...
- Without these key insights into the US economy, Fed officials will be forced to set interest rates without the full spectrum of data they normally rely upon.
- The US central bank has a dual mandate from Congress to act independently to tackle both inflation and unemployment.
Economy
Iran declares major lender bankrupt
Iran declared one of the country's largest private banks bankrupt with its assets absorbed by the state, official media reported...
- Founded in 2012, Ayandeh Bank had a network of 270 branches across the country, including 150 in the capital Tehran alone
- But it had more recently been crippled by debt, with accumulated losses amounting to the equivalent of about $5.2 billion
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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
Gaza ceasefire enters phase two despite unresolved issues between Israel and Hamas
The most contentious questions remain Hamas's refusal to publicly commit to full disarmament, a non-negotiable demand from Israel, and Israel's...
Geostrategy
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Saudi Arabia urges Yemen separatists to cede seized territory
The Kingdom said the military movements in the governorates of (Hadramawt and Al-Mahra), recently conducted by the Southern Transitional Council,...
Geostrategy
Nvidia expands AI empire with Groq talent grab
San Francisco, United States -- Nvidia has hired the leadership of a promising AI chip startup, a statement said Wednesday,...
Business
Iran Guards seize foreign-crewed oil tanker in Gulf: state media
Iran's Revolutionary Guards on Wednesday seized an oil tanker in the Gulf carrying more than a dozen foreign crew members,...
Geostrategy
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Geostrategy
Libyans united in grief for army chief killed in plane crash
General Mohammed al-Haddad and his four aides died on Tuesday after a visit to Ankara, with Turkish officials saying an...
- "It will be hard to find a man of his calibre," Nasreddine al-Maghribi told AFP at a cafe in Libyan capital Tripoli.
- Until a successor is selected, Haddad's deputy, General Salaheddine al-Namroush, will stand in for him, according to the presidential council.
Business
Why metal prices are soaring to record highs
London, United Kingdom -- Precious and industrial metals are surging to record highs as the year ends, driven by economic...
- Gold has climbed more than 70 percent this year and passed $4,500 an ounce for the first time on Wednesday.
- A weak dollar is also boosting industrial metals, since commodities priced in dollars become cheaper for buyers when the currency falls.
Geostrategy
Palestinian Authority says Israel tightening control over West Bank with new settlements
The Palestinian Authority condemned on Tuesday Israel's recent approval of 19 settlements in the occupied West Bank, accusing it of...
- On Sunday, Israel's far-right Finance Minister Bezalel Smotrich announced the authorities had greenlit the settlements
- The latest move brings the total number of settlements approved over the past three years to 69, Smotrich's office said