Israel threatens to resume fighting if Hamas does not respect Gaza ceasefire deal
The statement from Defence Minister Israel Katz's office came after Hamas handed over the remains of two more deceased hostages,...
Geostrategy
Trump says ‘will disarm’ Hamas: ‘It will happen quickly and perhaps violently’
Trump's comments came the day after he swung through the Middle East to celebrate the Gaza ceasefire deal, with questions...
Geostrategy
Business
Norway’s sovereign wealth fund posts record US$213bn profit
Oslo, Norway - Norway's sovereign wealth fund, the world's biggest, said Tuesday it raked in a record profit of 2.2 trillion...
- Fueled by revenues from Norway's state-owned oil and gas companies, the fund is aimed at financing future spending in the generous welfare state
- Around 71 percent of its portfolio was dedicated to equities, with stakes in 8,859 companies worldwide -- or 1.5 percent of all listed stocks
Geostrategy
Former Pakistan PM Imran Khan handed 10-year prison term
Islamabad, Pakistan - Former Pakistan prime minister Imran Khan was sentenced on Tuesday to 10 years in prison, less than two...
- Tuesday's sentence for leaking classified state documents was handed down inside Adiala jail -- where Khan has been confined for much of the time since his August arrest
- Local media reported the convictions and sentences although state TV did not use Khan's name, obeying strict censorship measures that have alarmed rights monitors
Business
UPS says will cut 12,000 jobs
The move comes as UPS seeks to "align" its resources.
- Three-quarters of the reductions are set to come in the first half, UPS CEO said.
- The decision comes after UPS reported Q4 2023 revenues of US$24.9 billion.
Arts & Culture
Over 70 percent of musicians fear AI, says French-German study
PARIS, FRANCE - More than two-thirds of musicians fear that artificial intelligence will make it impossible to make a living, according...
- The report found that 35 percent were already using AI in a "large number of areas related to music creation".
- The report added that estimated incomes would fall 27 percent by 2028, equivalent to some US$2.9 billion.
Business
Pfizer reports loss in Q4
The drugmaker's revenues fell 41 percent to $14.2 billion.
- The drugmaker lost $3.4 billion in the fourth quarter, compared with profits of $5.0 billion in the year-ago period
- Pfizer reiterated its 2024 revenue forecast of $58.5-$61.5 billion after 2023 revenues came in at $58.5 billion
Arts & Culture
Iran ‘following dreams’ in trying to win first Asian Cup since 1976
Doha, Qatar - Iran are "following our dreams" in trying to win the Asian Cup for the first time in 48...
- Three-time champions Iran face Syria in Qatar with a quarter-final against Bahrain or pre-tournament favorites Japan up for grabs
- Along with holders Qatar, Iran are the only team left in the competition who went through the group stage with a 100 percent record
Geostrategy
Israeli strikes on Gaza continue as mediators push for new truce
Heavy Israeli strikes and urban combat across the besieged Gaza Strip killed 128 more people overnight, the health ministry in...
- The World Health Organization called the row over UNRWA "a distraction from what's really going on every day, every hour, every minute in Gaza".
- Israel's top ally the United States expressed hope for a deal, with Blinken telling reporters that "very important, productive work has been done".
Economy
IMF lifts global growth forecast citing unexpected ‘resilience’
The updated figure, released in the latest World Economic Outlook (WEO) report, is 0.2 percentage points higher than the International...
- Among G7 advanced economies, growth in European countries looks set to remain weak, reflecting ongoing challenges, while Japan and Canada are expected to fare slightly better.
- While many Asian economies remain buoyant, Europe continues to cast a long shadow over the global outlook, with the IMF highlighting "notably subdued growth in the euro area."
Geostrategy
Canada revokes ban on military exports to Turkey
Canada will now require that Turkish importers provide assurances about the weapons' use as well as a government statement "clearly...
- Permits for military items and certain types of weapons destined for Turkey "will now be reviewed on a case-by-case basis," the Canadian government said
- The export ban affected some 30 permits, and applied to a wide variety of military goods and technologies including components for the production of aircraft
Israel troops to ‘go into action’ soon at Lebanon border: minister
Since the outbreak of war between Hamas and Israel on October 7, the Lebanese-Israeli border has seen near-daily exchanges of...
- Israel's army chief Herzi Halevi said earlier this month that the likelihood of war on the northern border has become "much higher"
- Gallant said Monday that Gaza fighters were running out of supplies and ammunition, but that the war against Hamas "will take months"
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
Israel threatens to resume fighting if Hamas does not respect Gaza ceasefire deal
The statement from Defence Minister Israel Katz's office came after Hamas handed over the remains of two more deceased hostages,...
Geostrategy
Company News
Latest News
Roblox’s Grow a Garden explodes online video game numbers
Paris, France -- A gardening game created by a teenager on online platform Roblox has attracted a record 21 million...
Business
WHO delivers its first medical aid to Gaza since March 2
The shipment of supplies, plasma and blood will be distributed among hospitals in the Palestinian territory in the coming days,...
Geostrategy
Iran strikes damage hard to assess under Israeli military censorship
Such regulations are nothing new in Israel, where any written or visual publication deemed potentially harmful to the loosely defined...
Geostrategy
Most Read
Geostrategy
Israeli commandos operated in Iran during 12-day war: military
The war erupted on June 13 when Israel launched a surprise bombing campaign that it said aimed to stop Iran...
- "We achieved full control over Iranian airspace and in every location where we chose to operate," chief of staff Eyal Zamir said in a televised address
- "This was made possible thanks to, among other things, coordination and tactical deception carried out by our air force and ground commando units," he added
Geostrategy
Hezbollah hails Iran’s ‘divine victory’ over Israel
Lebanese militant group Hezbollah on Wednesday hailed what it called its ally Iran's victory over Israel after 12 days of...
- In a statement, Hezbollah offered its "most sincere congratulations" to the Islamic republic, praising its "glorious divine victory."
- The victory, it said, was "manifested in the precise and painful strikes it launched" against Israel, as well as "the lightning response to the American aggression
Business
Amazon tycoon Jeff Bezos, his fiancee Lauren Sanchez arrive in Venice for lavish wedding
Bezos, 61, and Sanchez, 55, are said to have booked out the city's finest hotels for a star-studded guest list...
- Bezos, the world's fourth-richest person, and his former television anchor bride-to-be were seen stepping off a water taxi at the Aman Hotel on the Grand Canal
- Bezos, 61, and Sanchez, 55, are said to have booked out the city's finest hotels for a guest list rumoured to include Leonardo DiCaprio, Mick Jagger, and Kim Kardashian