Qatari firm to invest $29.7 billion in Egypt coastal development
The project in the Alam al-Roum area, in Egypt's Matrouh Governorate, will span "4,900 acres... extending across a coastline of...
Economy
Long-shot socialist and Trump foe Mamdani becomes next New York mayor
The self-proclaimed socialist, who has been re-elected three times, forged an image that has become his trademark -- a progressive...
Geostrategy
Geostrategy
Unexploded bombs haunt Gazans, posing deadly risk as fragile truce halts demining efforts in ruins
After two years of war, the ruined cities of Gaza, a densely packed territory home to more than two million...
- After two years of war, the ruined cities of Gaza, a densely packed territory home to more than two million Palestinians, are littered with military debris
- In the streets of Gaza City, children play with rocket parts and the tail fins of mortar shells, oblivious to or unbothered by the danger
Business
AI giants turn to massive debt to finance tech race
New York, United States -- Meta raised $30 billion in debt on Thursday, as tech giants flush with cash turn...
- Meta raised $30 billion in debt and demand for its bonds was reportedly four times greater than supply.
- The $30 billion in bonds scheduled to be repaid over the course of decades is intended to provide money to continue a breakneck pace of AI development.
Geostrategy
Trump stirs global tensions with surprise nuclear test order
The announcement came in the wake of Russia saying it had tested a nuclear-powered and nuclear-capable torpedo, as well as...
- The last US nuclear test explosion was in September 1992, a 20-kiloton underground detonation at the Nevada Nuclear Security Site.
- Then-president George H.W. Bush imposed a moratorium on further tests in October 1992 that has been continued by successive administrations.
Business
Amazon shares surge as AI boom drives cloud growth
San Francisco, United States - Amazon's share price skyrocketed by more than ten percent on Thursday after the online retail...
- The e-commerce giant's Amazon Web Services division, which recently suffered a global outage, saw revenues jump 20 percent to $33 billion in the third quarter
- Amazon's major rivals in the cloud computing space, Microsoft and Google, on Wednesday also reported sales increases in their cloud computing business
Arts & Culture
After delays, Egypt set for lavish opening of grand museum
Cairo, Egypt - With much pomp and circumstance, Cairo is due to inaugurate on Saturday the long-awaited Grand Egyptian Museum,...
- With a panoramic view of the Giza pyramids plateau, the GEM houses thousands of artefacts spanning more than 5,000 years of Egyptian antiquity at a whopping cost of over $1 billion
- More than two decades in the making, the ultra-modern museum anticipates five million visitors annually, with never-before-seen relics on display
Economy
Backed by its sovereign wealth fund, Saudi chases AI ambitions with homegrown firm pitched to global investors
The company, launched in May, is bankrolled by Saudi's powerful Public Investment Fund, which has played a key role in...
- The company, launched in May, is bankrolled by Saudi's powerful Public Investment Fund, which has played a key role in financing the kingdom's gigaprojects
- But Riyadh's ambitions to become a global AI hub face fierce competition from the neighbouring United Arab Emirates, which have invested in AI for years
Business
TotalEnergies net profit soars despite lower oil prices
Paris, France -- French oil and gas giant TotalEnergies reported on Thursday a sharp increase in third-quarter net profit despite...
- The company said net income grew around 61 percent to $3.7 billion compared to the same period last year, even as oil prices fell by more than $10 per barrel year-on-year.
- TotalEnergies shares were down 1.4 percent in afternoon trading while the Paris stock exchange's blue-chip CAC 40 index was 0.7 lower.
Geostrategy
Israel says received bodies of two Gaza hostages from Red Cross
Not including the latest two, Hamas have so far given back the remains of 15 of the 28 deceased hostages...
- Israel launched a wave of strikes on Gaza overnight from Tuesday to Wednesday after an attack that left an Israeli soldier dead in the south of the Palestinian territory.
- Hamas has said its fighters had "no connection to the shooting incident in Rafah" and reaffirmed its commitment to the truce.
Business
BYD Q3 profit down 33%
This was a 33% year-on-year decrease.
- The Shenzhen-based firm recorded revenue of 195 billion yuan over the same period, a slight decrease of 3 percent year-on-year.
- China's EV industry is world-leading but a cutthroat domestic market has weighed on companies' profitability.
Geostrategy
Israel hits another Gaza target after deadliest night since truce
Israel said it struck an arms dump in Gaza on Wednesday, hours after the deadliest night of bombing since the...
- The military announced it had carried out a strike on a site in the Beit Lahia area of northern Gaza where it said weapons were being stockpiled for "an imminent terror attack."
- Israeli troops, it said, would remain deployed in "accordance with the ceasefire agreement and will continue to operate to remove any immediate threat".
Qatari firm to invest $29.7 billion in Egypt coastal development
The project in the Alam al-Roum area, in Egypt's Matrouh Governorate, will span "4,900 acres... extending across a coastline of...
Economy
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Biden demands assault-weapons ban after 8 killed in Texas mall rampage
Responders, distressed witnesses and police described scenes of panic and horror in Allen, where video footage shared online showed the...
Egypt ex-graft chief freed from prison, charged again: activist
A military court had found Geneina guilty in 2018 of "spreading information to harm the military", after he had said...
UN admits aid failure for Syria as quake toll hits 33,000
Supplies have been slow to arrive in Syria, where years of conflict have ravaged the healthcare system, and parts of...
At least 20 escape Syria prison holding IS inmates after quake
The British-based Syrian Observatory for Human Rights war monitor said it could not verify whether prisoners had escaped, but confirmed...
Musk kicks Kanye West off Twitter for ‘incitement to violence’
West has made a series of anti-Semitic comments recently, as the one-time titan of fashion and music appears to have...
Kimberly-Clark to buy Kenvue
Business
OpenAI signs $38 bn infrastructure deal with cloud giant AWS
Under the seven-year agreement, OpenAI, which is partly owned by AWS's archrival Microsoft, will gain access to computing resources including...
Business
Trump says Russia, China have secretly tested nuclear weapons
President Donald Trump alleged Sunday that countries including Russia and China have conducted underground nuclear tests unknown to the public,...
Geostrategy
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Geostrategy
Syrian leader to discuss sanctions, reconstruction in US visit: FM
Syria's president will discuss issues including lifting remaining sanctions, reconstruction and counter-terrorism when he becomes the country's first leader to...
- Ahmed al-Sharaa is expected in the US capital in early November, Syria's top diplomat Asaad al-Shaibani told a panel at the Manama Dialogue in Bahrain
- On Saturday, US envoy to Syria Tom Barrack said Sharaa was heading to Washington "hopefully" to sign an agreement to join the US-led alliance against the Islamic State
Geostrategy
Death becomes a growing business in ageing, lonely South Korea
Busan, South Korea -- Rows of coffins line a university classroom in the South Korean port city of Busan, ready...
- Single-person households now account for around 42 percent of all homes in Asia's fourth-largest economy.
- A new profession has emerged reflecting that statistic: cleaners who are called in to tidy up homes after their occupants, most of whom lived alone, have died.
Geostrategy
Hundreds in south Lebanon mourn Hezbollah members killed in Israeli attacks
Nabatieh, Lebanon -- Hundreds of people gathered in south Lebanon's Nabatiyeh on Sunday to mourn five Hezbollah members killed in...
- On Saturday, an Israeli strike killed four people in Kfar Rumman, Nabatiyeh district, the Lebanese health ministry and the Israeli military said.
- The men's coffins were draped in Hezbollah's flag while mourners threw petals and chanted "death to Israel, death to America".