TikTok makes AI driven ad tool available globally
San Francisco, United States - TikTok on Thursday began letting all marketers on its platform use an artificial intelligence-powered tool for...
Business
Saudi Arabia appoints new CEO to drive NEOM’s mega-city project forward
In a big move, Saudi Arabia appoints Aiman al-Mudaifer as NEOM’s interim CEO, a strategic choice to advance the futuristic...
Geostrategy
Iran probe finds Raisi helicopter crash caused by weather: media
Iran's army in May similarly said it had found no evidence of criminal activity in the crash that also killed...
- The helicopter carrying 63-year-old Raisi crashed on a fog-shrouded mountainside in northern Iran, killing the president and seven others, and triggering snap elections
- Fars news agency, quoting an informed security source with knowledge of the conclusions of the probe, said overloading was also behind crash
Xiaomi posts solid quarterly sales growth
The company is Chinese smartphone and household tech giant.
- The brand's presence is strongly felt in China, with its wide range of products spanning mobiles, tablets, smartwatches, headphones, scooters and, recently, electric vehicles
- The world's third-largest smartphone maker, Xiaomi reported revenue of 88.9 billion yuan ($12.5 billion) in the second quarter, an increase of 32 percent year-on-year
Geostrategy
Blinken presses Hamas to back Gaza truce but sees gaps with Israel
Doha, Qatar - Top US diplomat Antony Blinken appealed Tuesday to Hamas urgently to accept a ceasefire plan to ease suffering...
- The US secretary of state closed his ninth wartime trip to the region in which he warned that the US-backed truce proposal may be the "last chance" to broker an end the conflict
- The United States last week presented ideas to bridge gaps and, through Qatar and Egypt, has pressed heavily on Hamas to accept and return to talks this week in Cairo
Business
Boeing suspends 777X flight tests after part failure, its latest quality control issue
New York, United States - Boeing has suspended flight testing of its new 777X wide-body jet after identifying the failure of...
- Boeing has been beset in recent years with concerns about safety and quality control, with a near-catastrophic incident on an Alaska Airlines Boeing 737 MAX in January
- Boeing's new chief executive Kelly Ortberg, 64, took over earlier this month on a pledge to restore trust in the embattled manufacturer
Business
TSMC starts work on first European plant
TSMC is investing $3.9bn in the Dresden project.
- The Dresden facility will be specialized in the production of semiconductors for Germany's flagship automotive industry, currently in the throes of transitioning to EVs.
- Some 10 billion euros has been ploughed into the flagship project in the "Silicon Saxony" region, which has an industrial heritage dating back to the communist era.
Investigation
Tech tycoon Lynch and Morgan Stanley chairman missing after yacht sinks in Sicily
The 56-meter British-flagged sailing yacht "Bayesian" was anchored with 10 crew and 12 passengers on board when it was struck...
- Tech tycoon Mike Lynch and his 18-year-old daughter Hannah were missing
- The chair of Morgan Stanley International, Jonathan Bloomer was also missing alongside his wife
Geostrategy
US says Iran responsible for Trump campaign hack
The statement from the Office of the Director of National Intelligence (ODNI), the Federal Bureau of Investigation (FBI), and the...
- Trump's campaign said on August 10 that it had been hacked, blaming "foreign sources" for distributing internal communications and a dossier on running mate J.D. Vance
- Trump's campaign implied Iran was behind the move as news outlet Politico reported it had received emails with campaign material from a source who refused to identify themselves
Geostrategy
Blinken says Israel backs US proposal in ‘last’ chance for Gaza truce
Blinken, on his ninth visit to the Middle East since Hamas's October 7 attack triggered the war with Israel, said...
- Ahead of those talks, Hamas called on mediators to implement a framework outlined in late May by US President Joe Biden, rather than hold more negotiations
- The movement on Sunday said the bridging proposal "responds to Netanyahu's conditions" and leaves him "fully responsible for thwarting the efforts of the mediators."
Business
Video gamers set for world’s biggest trade show, likely to generate $180bn
Paris, France -- The world's largest video game trade show, Gamescom, opens its doors on Tuesday in Germany at a sensitive...
- Organizers expect the event, which runs until Sunday in the western city of Cologne, to welcome more than 300,000 people.
- The industry is expected to generate more than $180 billion in revenue this year and attract more than 3.4 billion players, according to the Newzoo analyst firm.
Geostrategy
Blinken in Israel as under-pressure Netanyahu blames ‘obstinate’ Hamas
Making his ninth trip to the Middle East since the Gaza war began when Hamas attacked Israel in October, the...
- Ahead of Blinken's visit, the foreign ministers of Britain and France were on Friday also in Israel to stress the urgency of a Gaza deal
- Ahead of the truce talks in Doha last Thursday and Friday, Hamas called on mediators to implement the Biden framework rather than holding more negotiations
TikTok makes AI driven ad tool available globally
San Francisco, United States - TikTok on Thursday began letting all marketers on its platform use an artificial intelligence-powered tool for...
Business
Company News
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Boeing to cut 10% of workforce
Business
China’s central bank cuts two key rates to boost economy
Beijing, China - China's central bank on Monday said it had cut two key interest rates to historic lows, in the...
Economy
Oil-rich Iraqi Kurdistan votes, shadowed by economic struggles
The KDP is the largest party in the outgoing parliament, with 45 seats against 21 for the PUK. The KDP's...
Geostrategy
Putin thanks UAE president for positive role in prisoner exchange with Ukraine
UAE President Sheikh Mohamed meets his Russian counterpart Vladimir Putin to discuss bilateral ties and Middle East. Sheikh Mohamed will...
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UN biodiversity conference in Colombia: what’s at stake?
Paris, France - The world's pledges to halt humankind's destruction of nature will be put to the test when the 16th...
- The COP16 is the first meeting of the international community since the adoption two years ago of an unprecedented roadmap to stop humankind's destruction of nature
- But putting that agreement into practice risks not moving fast enough to stop the destruction of land, oceans and species by a 2030 target date
Geostrategy
Israeli attack kills 73 in north Gaza as Netanyahu says Hezbollah tried to kill him
War in the Middle East continues as Israeli attack kills 73 in northern Gaza while Israeli Prime Minister Netanyahu says...
- "Our civil defense crews recovered 73 martyrs and a large number of wounded as a result of the Israeli air force targeting a residential area."
- "The attempt by Iran's proxy Hezbollah to assassinate me and my wife today was a grave mistake," Netanyahu said in a statement.
Geostrategy
Updates: Israeli attack kills 33 people in Gaza refugee camp as Hamas mourns Sinwar
As Israel continues to pound Gaza, Lebanon, and West Bank, Turkey's Erdogan conveys his condolences to Hamas officials over Sinwar's...
- Families in northern Gaza are trying to survive in atrocious conditions, and under heavy bombardment, says United Nations
- We (are) afraid that Netanyahu does not intend on stopping the war, nor does he intend to bring the hostages back: relative of Israeli hostage