Nobel economist warns of AI dangers amid “amazing possibilities”
Washington, United States - A winner of this year’s Nobel prize in economics warned Monday that artificial intelligence offers "amazing...
Economy
Trump says may warn Putin Ukraine could get Tomahawks if Russia doesn’t end invasion
US President Donald Trump said Sunday he may warn Russian counterpart Vladimir Putin that Ukraine could get Tomahawk cruise missiles...
Geostrategy
Business
P&G posts mixed quarterly results
Earnings per share dropped 12 percent to $1.40.
- The company behind Bounty paper towels, Gillette razors and Tide detergent saw its revenue rise three percent from a year ago to $21.4 billion in the quarter ending in December
- This was slightly lower than expected, and analysts are eyeing the performance of P&G and other consumer companies on whether they can keep prices up even as inflation cools
Geostrategy
NATO to buy ammunitions worth $1.2 billion amid Ukraine war
The latest deals -- signed with French firm Nexter and Germany's Junghans Microtec -- are estimated by officials to cover...
- The ammunition stocks of NATO have drained after sending large-scale shipments to Ukraine as it battles Russia
- "It is important that our allies refill their own stocks as we continue to support Ukraine," NATO chief Jens Stoltenberg said
Business
Zee’s shares fall after merger fails
Disagreement over who would lead the new entity led to merger's failure.
- The initial 30 percent plunge saw Zee lose as much as 55 billion rupees ($661 million) in market value.
- "Considering that Zee still has six billion rupees cash on books... we see no bankruptcy risks," an expert said.
Geostrategy
Gaza facing catastrophic situation, famine looming: WFP
A study conducted between November 24 and December 7 found that all 2.2 million people living in the Palestinian territory...
- Etefa said that around 70 percent of requests to deliver food to northern Gaza were rejected by the Israeli authorities.
- The last deliveries to the north were around January 11 and 13, carrying 200 tons of food for 15,000 people.
US, Britain launch new joint strikes on Yemen’s Houthis
American and British forces carried out a first wave of strikes against the rebel group earlier this month, and the...
- The latest US-UK strikes were against "eight Houthi targets in Yemen in response to the Houthis' continued attacks against international and commercial shipping in the Red Sea
- There were no concerns about civilian casualties at the sites that were hit, while Houthi losses are unknown at this time, the official told journalists
Geostrategy
Israel firing in Lebanon kills over 200 since start of Gaza war
Since the outbreak of war between Hamas and Israel on October 7, the Lebanese-Israeli border has witnessed a near-daily exchange...
- Monday saw air strikes and artillery shelling targeting Lebanese border villages
- More than 83,000 Lebanese have been forced to flee their homes since hostilities began
Business
India’s stock market edges out Hong Kong to become world’s fourth largest
New Delhi, UAE--India's stock market has edged out Hong Kong to become the world's fourth-largest, a milestone that underscores growing...
- According to data compiled by Bloomberg, the value of shares listed on Indian exchanges hit $4.3trn on Monday, higher than Hong Kong's $4.29trn
- Hong Kong's benchmark Hang Seng index, which includes shares of many influential Chinese companies, ended last year 14 percent lower
Geostrategy
Up to 15,000 dead in Sudan’s Darfur town, UN experts say
The conflict has claimed more than 13,000 lives, according to a conservative estimate by the ACLED analysis group, on which...
- Fighting has raged since last spring between army and rebel paramilitary RSF
- The experts said paramilitaries and their allies "violated international humanitarian law"
Geostrategy
Israel says 21 soldiers killed in deadliest day of ground war
"We worked to find the victims until the last hours," military spokesman Daniel Hagari said, indicating the difficulty in extracting...
- Most of the soldiers were killed when rocket-propelled grenade fire hit a tank and a building they were trying to blow up
- Israel's blistering offensive against Hamas in Gaza has killed 25,295 people,, according to the health ministry of the Hamas-run territory
Geostrategy
Gaza activists urge voters to write ‘ceasefire’ on US primary ballots
A separate campaign is urging supporters to write Biden's name on the ballot in exactly the same manner that "Vote...
- The group "Vote Ceasefire" says the effort allows Americans to give voice to their anger at the Democratic president over the mounting toll of civilian deaths in Gaza
- "Vote Ceasefire" organizers have not indicated what kind of turnout would constitute a success for the campaign and it is unclear how much affect it will have
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Nobel economist warns of AI dangers amid “amazing possibilities”
Washington, United States - A winner of this year’s Nobel prize in economics warned Monday that artificial intelligence offers "amazing...
Economy
Company News
Latest News
Massive US bunker-buster bombs make combat debut in Iran strikes
The US military says the GBU-57 -- also named Massive Ordnance Penetrator -- is designed to penetrate up to 200...
Geostrategy
Risk of wider conflict flare up as US claims strikes ‘devastated’ Iran’s nuclear program
Iranian Foreign Minister Abbas Araghchi told reporters in Istanbul the United States and Israel had "crossed a very big red...
Geostrategy
Arab states erupt in condemnation after US strikes on Iran
Iran's former arch-rival in the region, Saudi Arabia, which has been engaged in a Chinese-brokered détente with Tehran since 2023,...
Geostrategy
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Business
Tesla expected to launch long-discussed robotaxi service, will use Model Y
New York, United States -- Tesla is expected to begin offering robotaxi service Sunday in Austin, an initial step that...
- The launch will employ the Model Y sport utility vehicle rather than Tesla's much-touted Cybercab, which is still under development.
- The long-awaited launch follows the dramatic meltdown earlier this month in relations between Musk and Trump, which saw a cascade of bitter attacks from both men.
Geostrategy
US attacks three key Iranian nuclear facilities, mega bombs likely used in strikes
Trump called on Iran to "agree to end this war," saying that "now is the time for peace." But it...
- Trump said the United States struck three main Iranian nuclear sites: Fordo, Natanz and Isfahan, with the former being hit with a "full payload of bombs."
- Natanz was Iran's main uranium enrichment site, with nearly 70 cascades of centrifuges at its two enrichment plants, while a uranium conversion facility.
Geostrategy
Iran-Israel war must not become refugee crisis: United Nations
UNHCR, the UN's refugee agency, said the intensity of the attacks between the two sides was already triggering population movements...
- Strikes in Israel had caused people to seek shelter elsewhere in the country and in some cases abroad.
- Iran hosts the largest number of refugees in the world -- around 3.5 million -- most of them from Afghanistan.