Picasso portrait of Dora Maar sells for $37 mn
The Spanish master painted it on July 11, 1943 and it was acquired in August 1944 by a private French...
Arts & Culture
Trump heads to Asia and high-stakes meeting with Xi
US President Donald Trump embarks on a major trip to Asia this week with all eyes on a meeting with...
Geostrategy
Geostrategy
2023 deadliest year in a decade for migrants, says United Nations
"The 2023 death toll represents a tragic increase of 20 percent compared to 2022, highlighting the urgent need for action...
- The IOM said that because safe and regular migration pathways remain limited, hundreds of thousands of people attempt to migrate via irregular routes in unsafe conditions.
- The Mediterranean ocean crossing continues to be the deadliest route for migrants, with at least 3,129 deaths and disappearances registered last year.
Economy
Egypt’s IMF loan increased by $5bn after central bank floats pound
The agreement, announced by Egyptian Prime Minister Mostafa Madbouly and the IMF's mission chief for Egypt, Ivanna Vladkova Hollar, came hours...
- Amid dire foreign currency shortages, the parallel market rate had surged to 70 pounds to the dollar earlier this year, sending consumer prices soaring.
- In an attempt to rein in inflation, the central bank also raised its key deposit rate by six points on Wednesday, to a record high of 27.25 percent.
Gold, bitcoin pull back from records as US stock markets slip
On Wall Street, the Dow and the S&P 500 both finished 1.0 percent lower, while the tech-rich Nasdaq composite ended...
- Gold hit a new record of $2,140 an ounce in early trading, before giving up some of its gains to trade close to $2,128 at around 2130 GMT
- Among digital assets, bitcoin briefly hit a record high above $69,000 - beating a record of $68,991 struck in November 2021
Geostrategy
ASEAN, Australia call for ‘immediate and durable’ ceasefire in Gaza
Southeast Asia is home to about 40 percent of the world's Muslim population, and ASEAN heavyweights Indonesia and Malaysia are...
- The critical situation in Gaza was a topic of fierce debate as leaders from the 10-nation ASEAN bloc convened in Melbourne for a three-day summit
- The group also backed the UN's Palestinian refugee agency, despite Australia pausing the group's funding over allegations some of its staff were members of Hamas
Business
Toyota to invest US$2.2bn in Brazil
The automaker will beef up production of hybrid vehicles.
- The automaker will make two "flex hybrid" models in Brazil -- using either petrol or ethanol as well as batteries -- creating around 2,000 jobs
- Japan's automakers, in spite of the boom in electric cars, have relied on hybrid vehicles that combine internal combustion engines and batteries
Geostrategy
‘You’ve got to finish the problem’: Trump supports Israel’s war
The fighting began with an attack by Hamas on southern Israel on October 7, resulting in about 1,160 deaths, most...
- Trump voiced support for the war in his most explicit comments yet on the fighting
- US protest movements have urged voters to punish Biden at the polls over his support for Israel
OpenAI denies Musk’s ‘betrayal accusations, plans legal dismissal
OpenAI captured the public imagination in late 2022 with the release of its chatbot ChatGPT, which can generate poems and...
- Musk launched a legal case against OpenAI last week, arguing in documents filed in a San Francisco court that the firm was always intended as a nonprofit entity
- The Tesla Boss was one of the co-founders of OpenAI in 2015 along with Sam Altman but left the organization in 2018 and is now one of its most vocal critics
Trump comes close to ‘Super Tuesday’ clean sweep: US networks
The former president, bidding for a sensational White House comeback after being unseated by Democrat Joe Biden in 2020, hopes...
- Trump's longshot challenger, former UN ambassador Nikki Haley, narrowly won the northeast state of Vermont
- Polling averages from RealClearPolitics show Trump two points ahead of Biden in a one-on-one match-up in the November election
Arts & Culture
Ignored by ‘Oppenheimer,’ atomic test victims speak out
White Sands, United States - Wesley Burris was fast asleep in bed when the world's first atomic bomb exploded just 25...
- The events of 5:30 am on July 16, 1945 are now best known to millions from their dramatic re-enactment in the Oscar-tipped movie "Oppenheimer."
- Cordova - one of five generations in her family diagnosed with cancer since 1945 - hopes such recognition could put pressure on the US Congress to extend compensation
Geostrategy
US forces down drones, missiles fired at warship by Houthis
The US military command said that its forces shot down one anti-ship ballistic missile and three one-way attack unmanned aerial...
- US military said there were no injuries or damage to the warship
- Houthis said their forces had targeted two US destroyers in the Red Sea
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
Picasso portrait of Dora Maar sells for $37 mn
The Spanish master painted it on July 11, 1943 and it was acquired in August 1944 by a private French...
Arts & Culture
Company News
How are the 2026 World Cup contenders shaping up?
Arts & Culture
Latest News
Air India probe of Boeing 787 fuel control switches finds no issues
Mumbai, India - Air India's inspection of the locking feature on the fuel control switches of its existing Boeing 787...
Investigation
Erdogan accuses Israel of using Druze as pretext to expand into Syria
Turkish President Recep Tayyip Erdogan on Thursday accused Israel of using the Druze minority in Syria as a pretext for...
Geostrategy
Global markets rise as Trump weighs future of Fed boss
US indices were near record highs two hours into the Wall Street session with all eyes on an incoming earnings...
Business
Most Read
Business
TSMC Q2 profit up 60%
TSMC is the world's largest contract maker of chips.
- The firm said its net profit for the three months to June soared 60.7 percent from a year ago to NT$398.3 billion (US$13.5 billion).
- That beat expectations of NT$376.97 billion, according to a Bloomberg News survey of analysts.
Geostrategy
Israeli tank shell strikes Gaza’s only Catholic church, killing three
Pope Leo XIV said he was "deeply saddened" by the loss of life, which a witness said was the result...
- The site was sheltering around 600 displaced people, the majority of them children and 54 with special needs.
- "The people in the Holy Family Compound are people who found in the Church a sanctuary," the Patriarchate said.
Business
Coca-Cola agrees to use real cane sugar in its US production
Washington, United States - Beverage giant Coca-Cola has agreed to use real cane sugar in its US production, President Donald...
- The company currently uses high-fructose corn syrup (HFCS) in its domestic beverages - a sweetener that has long drawn criticism from Health Secretary Robert F. Kennedy Jr.
- "I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so," Trump wrote on his Truth Social platform