G20 grapples with splintering world order
"Too many countries are retreating into geopolitical blocs or the battlegrounds of protectionism," Canadian Prime Minister Mark Carney told reporters....
Geostrategy
UAE says will invest up to $50 billion in Canada
The fresh North American investment pledge came after UAE President Mohamed bin Zayed Al Nahyan promised in May to pump...
Geostrategy
Business
EU approves ADNOC’s purchase of Germany’s Covestro
Brussels, Belgium -- The European Commission on Friday greenlit the takeover of German chemical firm Covestro by UAE state oil...
- Plastics maker Covestro accepted a bid from the Abu Dhabi National Oil Company in October, valuing the company at 12 billion euros ($14 billion).
- ADNOC has promised to inject around 1.2 billion euros into the chemicals firm through the issuance of new shares under the terms of the takeover.
Geostrategy
Saudi prince, eyeing defense pledge, to meet Trump after long US absence
Saudi Arabia is unlikely to agree to normalization with Israel at this stage, with Prince Mohammed's priority set for firmer...
- A US-Saudi investment forum spotlighting energy and artificial intelligence will take place in Washington during the prince's visit, the event's website says.
- As Riyadh embarks on ambitious tourist and entertainment projects to diversify its oil-reliant economy, it has sought to de-escalate regional tensions -- including with Iran.
Economy
Global CO2 emissions to hit record high in 2025, making 1.5°C target nearly impossible
Global fossil fuel emissions are set to hit a new high in 2025, according to research published Thursday that also...
- The annual Global Carbon Budget report looks at humanity's emissions of planet-heating CO2 from burning hydrocarbons, cement production and land use
- The failure to cut planet-heating emissions is overshadowing the COP30 in the rainforest city of Belem -- the conference taking place this week without the presence of the US
Geostrategy
Rubio says US ‘optimistic’ for UN resolution on Gaza, backing an international force
US Secretary of State said the United States was speaking with different countries on ways to "balance their interests here,...
- Rubio said the United States was speaking with different countries on ways to "balance their interests here, and how that's structured beyond just the security force."
- The United States last week started circulating the draft resolution that would follow up on a ceasefire in the two-year war championed by President Donald Trump
Geostrategy
Google denies removing W.Sahara border for Morocco users
The dotted lines illustrating the border between Western Sahara and Morocco, indicating the former's disputed territory status, have never been...
- Western Sahara is a vast mineral-rich former Spanish colony that is largely controlled by Morocco but has been claimed for decades by the pro-independence Polisario Front
- The United Nations Security Council had previously urged Morocco, the Polisario Front, Algeria and Mauritania to resume talks to reach a broad agreement
Geostrategy
Macron warns any planned West Bank annexation a ‘red line,’ to provoke a European reaction
He spoke as Palestinian president Mahmud Abbas visited Paris one month into a fragile truce between Hamas and Israel, following...
- He spoke as Palestinian president Mahmud Abbas visited Paris one month into a fragile truce between Hamas and Israel, following two years of war
- Macron and Abbas announced the creation of a joint committee "for the consolidation of the state of Palestine", the French leader said
Business
Google to invest $6.4bn
The investment is its biggest-ever in Germany.
- Google's plans include a new data center and expansion of an existing center in the western state of Hesse, providing computing power for artificial intelligence.
- It also plans to expand its offices in Berlin, Frankfurt and Munich, and outlined various projects aimed at reducing its greenhouse gas emissions.
Arts & Culture
Cristiano Ronaldo says 2026 World Cup ‘definitely’ his last
Riyadh, Saudi Arabia -- Portuguese superstar Cristiano Ronaldo on Tuesday said next year's World Cup would be his last as...
- The 40-year-old forward, with more than 950 club and international goals, also said he would retire from football in "one or two years".
- "Let's be honest, when I mean soon, it's probably one or two years I'll still be at the game," he said.
Geostrategy
Demand for air con set to triple by 2050, warns UN
Geneva, Switzerland -- Global demand for air conditioning could more than triple by 2050, the United Nations warned on Tuesday,...
- The UN Environment Programme said demand could surge due to increases in population and wealth around the world, combined with more extreme heat.
- Rising demand for more polluting and inefficient cooling systems "would almost double cooling-related greenhouse gas emissions over 2022 levels", said UNEP.
Geostrategy
Sharaa’s US visit: Syria joins alliance against Islamic State after White House talks
Sharaa, whose rebel forces ousted longtime ruler Bashar al-Assad late last year, was the first Syrian leader to visit the...
- Sharaa, whose rebel forces ousted longtime ruler Bashar al-Assad late last year, was the first Syrian leader to visit the US since the country's independence in 1946
- According to the official, Syria will also be allowed to resume diplomatic relations with Washington "to further counterterrorism, security, and economic coordination."
G20 grapples with splintering world order
"Too many countries are retreating into geopolitical blocs or the battlegrounds of protectionism," Canadian Prime Minister Mark Carney told reporters....
Geostrategy
Company News
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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...
COP30 dragged into clash over gender language
Negotiators say the effort -- by Paraguay, Argentina, Iran, Indonesia, Malaysia as well as the Holy See -- seeks to...
Geostrategy
Italy’s Leonardo launches joint venture with UAE defence firm
Milan, Italy -- Italian defense group Leonardo said Wednesday it had agreed to launch a joint venture next year with...
Business
Flydubai inks $13bn Boeing deal for 75 jets as city’s airlines build up
State-owned flydubai and its long-haul partner airline, Emirates, have been the chief deal-makers at this week's Dubai Airshow, the largest...
Business
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Geostrategy
UN Security Council votes for international force for Gaza, path to a future Palestinian state
Trump posted on social media that the vote "acknowledging and endorsing the BOARD OF PEACE, which will be chaired by...
- There were 13 votes in favor of the text, which US President Trump claimed would lead to "further Peace all over the World," with only Russia and China abstaining -- but no vetoes
- But Hamas, which is excluded by the resolution from any governance role in Gaza, said the resolution did not meet Palestinians' "political and humanitarian demands and rights."
Science
Turkey seeks to host next COP as co-presidency plans with Australia falter
Turkey wants to host next year's UN climate change talks and is ready to organise the event alone if there...
- Australia and Turkey are locked in a stalemate over who should host the 31st United Nations Climate Change Conference (COP31) in 2026
- The host is selected by consensus, so unless Australia or Turkey withdraws or the countries agree to share the conference, both will miss out
Science
Cervical cancer vaccine push has saved 1.4 million lives: Gavi
Geneva, Switzerland - A three-year campaign to bring vaccines against human papillomavirus (HPV) to low-income countries has prevented 1.4 million...
- Cancer caused by HPV disproportionately affects low-income countries, which often lack screening services and access to treatment
- These countries accounted for 90 percent of the 350,000 cervical cancer deaths recorded in 2022, according to Gavi