Billionaire Ronaldo tops Forbes footballer rich list again
Paris, France -- Portugal great Cristiano Ronaldo once again topped the Forbes highest-paid footballers list for the 2025-26 season, as...
Business
Spotify, Netflix sign deal to stream video podcasts
Stockholm, Sweden -- Music and video streaming giants Spotify and Netflix have penned a deal to bring several video podcasts...
Business
Geostrategy
Indian authorities tear down 600 year-old mosque in Delhi
New Delhi, India - Bulldozers have knocked down a centuries-old mosque in India's capital, a member of the building's managing committee...
- The Masjid Akhonji in New Delhi, which its caretakers say is around 600 years old, was home to 22 students enrolled in an Islamic boarding school
- It was torn down on Tuesday in a forest of Mehrauli, an affluent neighborhood dotted with centuries-old ruins from settlements predating modern Delhi
Research
WHO warns new cancer cases will rise to 35 million by 2050
Geneva, Switzerland - The number of new cancer cases will rise to more than 35 million in 2050 -- 77 percent...
- The WHO's International Agency for Research on Cancer (IARC) cited tobacco, alcohol, obesity and air pollution as key factors in the estimated rise
- The most-developed countries are expected to record the greatest increases in case numbers, with an additional 4.8 million new cases predicted in 2050 compared with 2022 estimates,
Geostrategy
Mediators push for Gaza truce as UNRWA warns its activities may stop
UNRWA chief Philippe Lazzarini said that "if the funding remains suspended, we will most likely be forced to shut down...
- UN rights experts voiced alarm at soaring numbers of journalists killed in the Gaza war, decrying an apparent "deliberate" Israeli strategy to silence critical reporting.
- 119 people were killed in the latest night of Israeli strikes; "There is a massacre taking place right now," said Leo Cans of international aid group Doctors Without Borders.
Business
OPEC+ panel reaffirms cartel’s current output reduction strategy
In an effort to shore up prices, the OPEC+ oil alliance of 23 nations has implemented supply cuts of more...
- In a statement following a meeting via videoconference, the Joint Ministerial Monitoring Committee (JMMC) of OPEC+ stopped short of making any recommendations on its output policy.
- However, the panel said it "reviewed the crude oil production data for the months of November and December 2023", noting the "high conformity" among participating nations.
Business
Shell annual profit drops to US$19.4bn
Its revenue dived almost a fifth percent to US$316.6 billion.
- Revenue of the British energy major dived almost a fifth percent to $316.6 billion, Shell will nevertheless return $3.5 billion to shareholders
- "Shell delivered another quarter of strong performance, concluding a year in which we made good progress," said chief executive
Geostrategy
Creeping war threatens Sudan’s eastern border
Sudan's nine-month-old war has so far largely spared the country's east. But with the frontline inching ever closer, and reports...
- In recent months, the RSF's push into Al-Jazira state, southeast of the embattled capital Khartoum, has given it access to roads leading further east
- The port city is Sudan's lifeline for crucial aid during the war that, according to the United Nations, has uprooted around 7.6 million people
Shares in India’s Paytm dive 20%
Banking arm asked to stop accepting fresh deposits.
- Paytm collapsed 20 percent at the open of trade in Mumbai before a trading halt, the day after the RBI reported "persistent non-compliances" at Paytm Payments Bank
- RBI said it would not be able to accept new deposits, offer fund transfers or help facilitate credit transactions from March, although customers will be able to withdraw cash
Biden to visit Michigan as Arab American anger over Gaza grows
The trip comes days after the Democratic incumbent's campaign manager traveled to the city of Dearborn -- home to the...
- The White House has made clear that Thursday's trip is purely a campaign visit, and Biden's 2024 team has said that he will meet with members of UAW union in the Detroit area
- On Wednesday a group of Dearborn organizations called for ceasefire in Gaza and the city's mayor, Abdullah Hammoud refused to meet with Biden's campaign manager
Geostrategy
US targets Houthi and Iranian drones in fresh strikes
CENTCOM earlier announced that the USS Carney had shot down an anti-ship ballistic missile fired by the Houthis, and then...
- A US warship also shot down an anti-ship missile fired by the Houthis
- American forces also destroyed a Houthi surface-to-air missile on Wednesday
Economy
Egypt grapples with dollar crunch as debt explodes
With inflation up at 35 percent, and amid a severe foreign currency crunch, the Egyptian pound is plunging and the...
- Egypt has seen remittances from overseas workers drop 30% in July-September 2023 alone
- Its external debt rose to $164.7bn and the cost of servicing that debt this year will be $42bn
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
Billionaire Ronaldo tops Forbes footballer rich list again
Paris, France -- Portugal great Cristiano Ronaldo once again topped the Forbes highest-paid footballers list for the 2025-26 season, as...
Business
Company News
Latest News
China’s Xiaomi receives almost 300,000 SUV pre-orders in minutes
Beijing, China -- Chinese electric vehicle maker Xiaomi received almost 300,000 pre-orders within an hour for its first sport utility...
Business
Conflicts and related fatalities triple since 2000, fueling extreme poverty: WB
Washington, United States -- Conflicts and related fatalities have more than tripled since the early 2000s, fueling extreme poverty, the...
Geostrategy
US Supreme Court curbs power of individual judges to block Trump
In a 6-3 ruling stemming from Trump's bid to end birthright citizenship, the court said nationwide injunctions issued by district...
Geostrategy
Most Read
Iran says no plan for new US nuclear talks, plays down impact of strikes
Iran's Foreign Minister Abbas Araghchi shut down what he said was "speculation" that Tehran would come to the table and...
- Iran's Foreign Minister Abbas Araghchi shut down what he said was "speculation" that Tehran would come to the table and said it "should not be taken seriously."
- "I would like to state clearly that no agreement, arrangement or conversation has been made to start new negotiations," he said on state television
Business
BBC launches US paid subscription to news website
London, United Kingdom - The BBC, Britain's public broadcaster that is struggling with strained finances, on Thursday launched a paid...
- For $49.99 a year, or $8.99 a month, users will have "unlimited access" to the BBC's news articles, feature stories and the BBC News television channel, a statement said
- The BBC, which broadcasts across television, radio and online, said in March that it faced "unprecedented" challenges to funding
Science
UN climate chief warns ‘lot more to do’ before COP30
UN climate chief Simon Stiell urged countries on Thursday to accelerate negotiations ahead of the COP30 in Brazil as there...
- Speaking after two weeks of technical talks in Bonn, Stiell closed the annual climate diplomacy event saying: "We need to go further, faster, and fairer."
- Bonn is home to the UN Climate Change Secretariat, which coordinates international climate policy and hosts preparatory talks each year ahead of climate summits.