UAE edge closer to World Cup after beating Oman
Doha, Qatar -- The United Arab Emirates moved to within a match of their second World Cup appearance with a...
Arts & Culture
US announces deal for Qatar air force facility in Idaho housing F-15 fighter jets, pilots
The announcement comes soon after President Donald Trump signed an executive order vowing to defend the Gulf Arab state against...
Geostrategy
Business
Nespresso faces $330 m lawsuit in Switzerland over capsules
Zurich, Switzerland - A French television star and a group of investors are demanding 280 million Swiss francs ($330 million) from...
- A French television show host Jacques Essebag, who goes by the name Arthur, is leading the suit against the Nestle subsidiary
- Nespresso, when contacted by AFP, acknowledged the lawsuit filed by ECC but said it did not comment on ongoing legal proceedings
Business
Counterfeit products cost Europe $13 billion, 200,000 jobs a year
Paris, France - Counterfeit products -- mainly clothes -- cost the European economy 16 billion euros a year and result in...
- The findings, based on data from 2018 to 2021, show that fakes take the biggest toll on the clothing sector, costing 12 billion euros ($13.1 billion) annually
- The bulk of the counterfeiting occurred in just five EU members, with Germany, France, Italy, Spain and Austria accounting for half the yearly losses
Business
Markets drop as Middle East tensions rise, rates cut delayed
While inflation is on a general downward path, there is a worry that it could pop back up anytime, particularly...
- Equities soared at the end of 2023 as falling inflation saw the Fed indicate that it was preparing to reverse more than a year of hikes to US interest rates
- However, January has seen the wind come out of the sails with Fed officials saying they were keen to keep rates elevated for some time
Business
Goldman Sachs profits up 58%
Revenues rose seven percent to $11.3 billion.
- In the fourth quarter, Goldman Sachs' revenues from equity trading surged 26 percent, while the bank's own holdings in public equities also enjoyed a hefty increase.
- Rival financial heavyweight Morgan Stanley reported a 35 percent drop in profits to $1.4 billion on a one percent rise in revenues to $12.9 billion.
World Economic Forum
In Davos, Chinese premier takes aim at trade ‘barriers’
Li's remarks came as the World Economic Forum's (WEF's) 54th annual conference is preoccupied with a slew of global risks,...
- Li did not name any countries but Beijing has tussled with the United States and the European Union over trade in recent years, particularly on high-tech and clean energy.
- US-China trade tensions soared under the presidency of Donald Trump and have continued under President Joe Biden.
Iraq recalls Iran envoy in rebuke to ally over deadly strikes
Iran's Revolutionary Guards said they had destroyed the "Zionist regime's spy headquarters in the Kurdistan region of Iraq." The strike...
- Iraq challenged Iran's claim that the strikes targeted Israel's intelligence services in response to recent Israeli assassinations of Iranian and pro-Iranian commanders
- Iran defended its missile strikes in Iraq and Syria, saying they were a "targeted operation" and "just punishment" against those who breach the Islamic republic's security
Geostrategy
Intensive phase of war in south Gaza ‘will end soon’: Gallant
Israel had four divisions operating in Gaza before Monday's announced withdrawal, though it was unclear how many soldiers were involved...
- The army had stepped up military operations in the Khan Yunis and Rafah in recent weeks
- It said an entire division of soldiers had completed their withdrawal from Gaza on Monday
Geostrategy
Sudanese artists escaping war seek revival in Cairo
When the first bombs rang out in Sudan, Amjad, Fatima and Mazin abandoned their paintbrushes, musical instruments and studios, leaving...
- Among them was Amjad Badr, 28, who also left his instruments and studio behind in Sudan
- Far from home and all too aware of the carnage they left behind, the musician Badr said it's hard to find "motivation or inspiration"
World Economic Forum
China looks to woo back global elites at Davos forum
Prime Minister Li Qiang, who will make a special address on Tuesday, will be the most senior Chinese official to...
- The Prime Minister will hold talks with EU chief Ursula von der Leyen
- Li and Zelensky will be among 60 heads of state and government attending Davos
Iran Guards hit ‘terrorist’ targets in Iraq, Syria
The IRGC also hit targets in Syria with ballistic missiles, including the "gathering places of commanders and main elements related...
- The attacks destroyed "a spy headquarters" and a "gathering of anti-Iranian terrorist groups" in Arbil, the capital of Iraqi Kurdistan, IRGC said
- Four people including prominent businessman Peshraw Dizayee were killed and six others wounded in the attack, according to Iraq's Kurdistan security council
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UAE edge closer to World Cup after beating Oman
Doha, Qatar -- The United Arab Emirates moved to within a match of their second World Cup appearance with a...
Arts & Culture
Company News
Latest News
Khamenei vows Iran will never surrender, warns US of ‘irreparable damage’
Khamenei's speech came six days into the conflict, with US president Donald Trump saying he may or may not intervene...
Geostrategy
Gulf states on Iran’s doorstep scramble for end of war
Doha, Qatar -- As Iran and Israel trade strikes and the US weighs joining in, wealthy Gulf states on the...
Geostrategy
MENA Brief | June 18: Oil calms after Trump’s threat rattles markets; UAE-Iran calls, Riyadh Air signs big Rolls-Royce deal
Oil prices steadied Wednesday after Trump’s demand for Iran’s ‘unconditional surrender’ roiled markets and revived supply fears, as regional diplomacy...
Geostrategy
Most Read
Geostrategy
Oil stabilises after surge, stocks drop as Middle East crisis fuels jitters
Of particular concern is the possibility of Iran shutting off the Strait of Hormuz, through which around an estimated fifth...
- Iran and Israel exchanged missiles for a sixth day, with the US president's latest comments appearing to dent hopes that the crisis in the Middle East could be calmed
- Of particular concern is the possibility of Iran shutting off the Strait of Hormuz, through which an fifth of global oil supply traverses, according to the Commerzbank note
Geostrategy
Iran says hypersonic missiles fired at Israel as Trump demands ‘unconditional surrender’
Despite international alarm, neither side has backed off from the long-range blitz that began Friday, when Israel launched an unprecedented...
- The US president insists Washington has played no part in ally Israel's bombing campaign, but also warned Iran his patience is wearing thin as the conflict enters a sixth day
- Israeli warplanes targeted the Iranian capital before dawn Wednesday after the military issued a warning on social media for civilians in an area known as District 18 to evacuate
Economy
Trump says EU not offering ‘fair deal’ on trade
US President Donald Trump said Tuesday that the European Union had yet to offer a "fair deal" on trade, as...
- "We're talking but I don't feel that they're offering a fair deal yet," Trump said of EU speaking to reporters on board Air Force One before returning to the US from G7 meet US
- Shortly after taking office, Trump upended the global economic order by accusing the United States' trading partners of unfair practices and he announced huge global tariffs