Asian markets rally as Fed cut hopes trump trade war fears
Stocks jumped Wednesday as trade war fears were overshadowed by comments from Federal Reserve boss Jerome Powell that suggested the...
Economy
OpenAI announces Broadcom deal as spending spree continues
OpenAI, the company behind ChatGPT, announced Monday it is teaming up with chip giant Broadcom to design and build its...
Business
Geostrategy
UK expresses concern over UN court decision on Gaza
The British government said it had "considerable concerns" about a ruling by the United Nation's top court that Israel should...
- "Israel has the right to defend itself against Hamas in line with IHL (international humanitarian law)," the British spokesperson said.
- The Foreign Office, however, added that it welcomed the ICJ's call for the immediate release of hostages and to get more aid into Gaza.
Geostrategy
Baghdad, Washington to discuss removal of foreign troops from Iraq
Baghdad, Iraq - Iraq and the United States on Saturday held a "first round" of talks on the future of American...
- Washington had said that it had agreed with Baghdad on the launch of "expert working groups of military and defense professionals".
- The talks, planned for months, come at a time of heightened tensions in Iraq and the region linked to the war between Israel and Hamas.
Geostrategy
Firing by gunmen in Iran leaves nine foreign nationals dead
Tehran, Iran - Gunmen in southeastern Iran near the Pakistan border killed nine foreign nationals on Saturday, Iranian media reported, more...
- Mehr news agency said unknown armed men killed nine non-Iranians in a house in the Sirkan neighborhood of Saravan city in Sistan-Baluchistan province.
- The Sistan-Baluchistan province has seen persistent unrest involving cross-border drug-smuggling gangs and rebels from the Baluchi ethnic minority.
Geostrategy
Biden talks to Qatar’s emir on efforts to free Hamas hostages
The exchange came as the head of the CIA is to meet in Europe with his counterparts from Israel and...
- Qatar, Egypt and the United States are attempting to negotiate a new truce, and Biden's Middle East envoy Brett McGurk is already in the region for talks.
- The news outlet Axios has reported that Israel offered Hamas a two-month pause in fighting in Gaza in exchange for the release of all hostages.
Israel says will seek to stop UN agency’s activities in Gaza after war
UNRWA said Friday it had sacked several employees accused by Israel of involvement in Hamas's unprecedented October 7 attack, prompting...
- Israel was aiming to ensure "UNRWA will not be a part of the day after", Foreign Minister Israel Katz said adding that he would try to gather support from the donors to the agency
- Hamas on Saturday slammed Israeli "threats" against UNRWA, urging the UN and other international organizations not to "cave in to the threats and blackmail."
Geostrategy
Australia, Canada stop UN agency funding after Israeli allegations
Australia and Canada have suspended their funding to the UN agency for Palestinian refugees, after Israel accused several employees of...
- "We are speaking with partners and will temporarily pause disbursement of recent funding," Australian Foreign Minister wrote on social media platform X.
- Canada's International Development Minister announced that Ottawa had “temporarily paused any additional funding to UNRWA”.
Business
Alaska Airlines’ Boeing 737 MAX9 resumes flight
The voyage comes after the Federal Aviation Administration on Wednesday announced a maintenance and inspection program to clear the MAX...
- The first trip was flight 1146 from Seattle to San Diego, which left 90 minutes past its scheduled 2:20 pm departure time and arrived in California at 6:14 pm
- Alaska Airlines said it expects inspections on its fleet of 65 MAX 9 planes to be completed by the end of next week, allowing for a resumption of its schedule
Science
‘Game changer’: Gene therapy offers hope for children born deaf
Paris, France - A gene therapy that has allowed several children born deaf to hear for the first time is being...
- Several medical teams around the world are trialling the procedure, which focuses on a rare genetic mutation that affects only a small number of the 26 million people
- On Tuesday, the Children's Hospital of Philadelphia revealed that 11-year-old Aissam Dam, who was born deaf, was now "literally hearing sound for the first time in his life."
Geostrategy
End to war: World reacts to Gaza-Israel ruling
The reactions to the top UN court's ruling Friday in the Israel-Gaza case were split along the lines of the...
- "Today marks a decisive victory for international rule of law and a significant milestone in the search for justice for Palestinian people," said South Africa
- Qatar's foreign ministry "welcomed the provisional measures" ordered by the ICJ, calling them a "victory for humanity... and international justice"
Yemen’s Houthis claim attack on British oil tanker
US and British forces have launched two rounds of joint strikes aimed at reducing the Houthis' ability to target vessels...
- It came the same day the US military said one of its warships shot down a missile fired at it by the group, which says it is acting in support of Gaza amid the Israel-Hamas war
- In the incident involving the US Navy vessel, the Houthis fired an anti-ship ballistic missile from Yemen towards the destroyer USS Carney in the Gulf of Aden, said CENTCOM
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
Asian markets rally as Fed cut hopes trump trade war fears
Stocks jumped Wednesday as trade war fears were overshadowed by comments from Federal Reserve boss Jerome Powell that suggested the...
Economy
Company News
Latest News
China calls CIA videos ‘absurd’ attempt to recruit spies for America
China's Ministry of State Security (MSS) said the placement of what amounted to job advertisements on social media platform X...
Geostrategy
US intel says Iran nuclear sites not destroyed, only set back by a few months
Trump rejected that claim on Tuesday, posting on his Truth Social account that “the nuclear sites in Iran are completely...
Geostrategy
US Fed chair signals no rush for rate cuts despite Trump pressure
The Fed has a duty to prevent a one-time spike in prices from becoming an "ongoing inflation problem," said Federal...
Economy
Most Read
Geostrategy
Oil slides, stocks rise as Iran-Israel ceasefire holds
The main international and US oil contracts briefly bounced off their lows as Israel and Iran accused each other of...
- Prices were also brought down by Trump saying that China could continue to buy oil from Iran, in what appeared to be relief from sanctions Washington had previously imposed.
- There was also relief that Iran has refrained from closing the strategic Strait of Hormuz, a chokepoint for about one-fifth of the world's oil supply.
Geostrategy
Iran says not seeking nuclear weapons but will assert ‘legitimate rights’
As a fragile ceasefire with Israel took hold after 12 days of fighting that also included US strikes, Pezeshkian told...
- The war between the longtime regional foes saw Israel strike Iranian nuclear facilities and killed nuclear scientists and the country's top military brass.
- On Sunday, Israel's ally the United States launched unprecedented strikes of its own on Iranian nuclear facilities at Fordo, Isfahan and Natanz.
Geostrategy
Pro-Palestinian protest leader details 104 days spent in US custody
Mahmoud Khalil, one of the most prominent leaders of pro-Palestinian protests on US campuses, recounted his experience surviving 104 days...
- Khalil, a legal permanent resident in the United States who is married to an American citizen and has a US-born son, had been in custody since March facing removal proceedings
- "I shared a dorm with over 70 men, absolutely no privacy, lights on all the time," the 30-year-old said Sunday on the steps of Columbia University, where he was a graduate student