China vows massive high-tech sector development in next decade
Beijing, China -- China will develop its high-tech sector on a massive scale in the next decade, top officials vowed...
Economy
Oil prices surge as Trump hits Russian crude with sanctions
The international benchmark contract, Brent North Sea crude, jumped 4.8 percent while West Texas Intermediate was up 5.1 percent. Trump on Wednesday announced...
Geostrategy
Geostrategy
Gaza detainees released by Israel report abuse, says UNRWA
UNRWA chief's comments capped a tumultuous day during which Israel and UNRWA have traded accusations, with Israel accusing the agency...
- Detainees subjected to a "broad range of ill treatment" including threats of electrocution
- UNRWA said Israeli authorities had "detained several of its staff from the Gaza Strip"
JetBlue, Spirit Airlines cancel merger
Earlier, a federal judge ruled it violated US antitrust law.
- Shares of Spirit slumped 14.5 percent in early trading Monday, while JetBlue rose 3.9 percent
- Spirit said it has enlisted advisors on efforts to refinance and reduce debt payments
Business
American Airlines orders 260 jets
It is part of the airlines' effort to 'modernize' its fleet.
- The airline said in a statement that the order comprises 260 new planes, plus options for an additional 193 aircraft
- Its CEO said the airline has invested heavily to modernize and simplify its fleet, the largest among US network carriers
Economy
China sets ambitious 5 percent growth target for 2024
Premier Li Qiang formally announced the growth objective, alongside the overall budget and key government policies for 2024, at China's...
- Last year's NPC saw President Xi Jinping anointed for a historic third term, cementing his rule as the most powerful Chinese leader since Mao Zedong
- This year's gathering will focus on a litany of economic and security challenges, including a protracted property sector crisis, and soaring youth unemployment
Geostrategy
Israel strike kills 3 Hizbollah-affiliated paramedics in Lebanon
According to the Hizbollah-affiliated Islamic Health Committee, three volunteer paramedics died "due to a direct Zionist attack on an emergency...
- Israeli said it struck Hizbollah targets including "military compounds"
- Hizbollah and Israel have been exchanging near-daily fire since October 7
Business
European Union slaps $1.9bn fine on Apple over violation of rules
Brussels, Belgium - The EU on Monday hit Apple with a more than 1.8-billion-euro fine ($1.9 billion) for violating the bloc's...
- The $1.9 billion penalty is the third-biggest antitrust fine ever imposed by the European Commission
- The iPhone maker immediately vowed to appeal the first ever antitrust fine slapped on Apple by Brussels
Geostrategy
Iran declares 41 percent voter turnout in key elections
Tehran, Iran - Iran on Monday announced a turnout of 41 percent in last week's elections for parliament and a key...
- "Around 25 million people participated, with a turnout of 41 precent," Interior Minister Ahmad Vahidi told a press conference in Tehran.
- The vote was the first since nationwide protests broke out following the September 2022 death in custody of 22-year-old Mahsa Amini.
Geostrategy
Western countries shelve plans to censure Iran at UN nuclear meet
Western powers will not censure Iran over its lack of cooperation with the UN nuclear watchdog at its Board of...
- The issues include expanding its nuclear work, deactivating agency surveillance devices for monitoring Iran's nuclear program and barring senior inspectors.
- The so-called E3 group -- France, Germany and the United Kingdom -- initially planned to censure Iran for its lack of cooperation with the agency.
Geostrategy
UNRWA head seeks General Assembly support after backlash
The head of the UNRWA is set to defend his organization's work at the General Assembly, after crippling backlash over...
- The UNRWA's ability to carry out its mandate is "seriously threatened," Lazzarini said.
- The agency has been at the center of controversy since Israel accused about a dozen of its employees of involvement in the October 7 attack.
Geostrategy
Diplomacy the ‘only way’ to end Israel-Hizbollah clashes: US envoy
"A diplomatic solution is the only way to end the current hostilities" and achieve "a lasting fair security arrangement between Lebanon...
- Israel and Hizbollah movement have been exchanging near-daily fire since October, raising fears all-out conflict could spread across the region.
- Hochstein held talks with other senior officials including Prime Minister Najib Mikati and army chief Joseph Aoun in a push to halt violence along the border with Israel.
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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
China vows massive high-tech sector development in next decade
Beijing, China -- China will develop its high-tech sector on a massive scale in the next decade, top officials vowed...
Economy
Company News
Latest News
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...
Business
Explosive-laden drones hit three oil fields in Iraq’s Kurdistan region
Kurdistan has seen a spate of unclaimed drone attacks, which have come as the regional government and the federal authorities...
Geostrategy
AI-powered ‘nudify’ apps fuel deadly wave of digital blackmail
Washington, United States - After a Kentucky teenager died by suicide this year, his parents discovered he had received threatening...
Investigation
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Geostrategy
‘Strong argument’ for video in cockpit: IATA chief
Singapore, Singapore -- There is a "strong argument" for putting video cameras in airline cockpits to assist in accident investigations,...
- His comments followed the release of a preliminary report on last month's Air India crash, which found that the plane's engine fuel switches had been turned off.
- The crash killed all but one of the 242 people on board as well as 19 people on the ground.
Geostrategy
Summit on Palestinian statehood planned for Sept in Paris or New York
The conference, co-chaired by France and Saudi Arabia, was originally planned for mid-June to revive work on the long-standing diplomatic...
- The meeting, which would be at ministerial level, would seek to "advance the recognition of a Palestinian state for a certain number of states who have not yet recognized it."
- But it would also work "on normalization and Israel's regional integration with Arab and Muslim countries."
Science
Birth of a solar system observed for first time
The new planetary system is forming around the baby star HOPS-315 -- which resembles our own Sun in its youth...
- Young stars are surrounded by massive rings of gas and dust called protoplanetary discs, which is where planets form.
- Inside these swirling discs, crystalline minerals that contain the chemical silicon monoxide can clump together.