Major win for Trump on Gaza, but will it stand test of time?
Washington, United States - US President Donald Trump has undeniably scored a diplomatic victory by helping to broker a truce...
Geostrategy
Nobel Peace Prize winner Machado dedicates award to Trump
Caracas, Venezuela -- Venezuelan opposition leader Maria Corina Machado dedicated her Nobel Peace Prize on Friday to the people of...
Geostrategy
US sanctions Hong Kong, UAE firms over Houthi support
The move comes hours after US and UK forces launched strikes against the Houthi rebels, seeking to halt their repeated...
- The two companies designated on Friday by the US Treasury Department were Hong Kong-based Cielo Maritime and UAE-based Global Tech Marine Services
- They were said to have shipped Iranian commodities on behalf of the network of Houthi financial facilitator Sa'id al-Jamal, said the Treasury
Delta reports profit jump
Its revenue jumped to $14.2 billion for the quarter.
- The company reported net income of more than $2 billion for the October to December period, up from $828 million for the same period in 2022
- Delta shares slumped by more than eight percent around midday on Friday, while rival United Airlines saw its shares plunge by 9.4 percent
Oil prices rise on Red Sea escalation, corporate earnings season
Crude prices spiked more than four percent before ebbing somewhat after the allies launched deadly strikes following weeks of disruptive...
- In Friday trade, the Dow dipped while the S&P 500 edged higher as investors digested corporate earnings and a surprise drop in wholesale inflation
- Leading banks were mostly lower following a deluge of quarterly results, while airlines were hammered after Delta's forecast disappointed investors
Yemen rebels: US, UK interests ‘legitimate targets’ after strikes
Britain, the United States and eight allies said the strikes aimed to "de-escalate tensions". But Iran and other governments condemned...
- The barrage of strikes early on Friday against the Houthis, who say they are acting in solidarity with Gaza, stoked fears of the Israel-Hamas war spreading across the region.
- Violence involving Iran-aligned groups in Yemen, Lebanon, Iraq and Syria has surged since the war in Gaza began in early October
Geostrategy
India finds apparent wreckage from 2016 military plane crash
New Delhi, India - India said on Friday it had likely found wreckage from an Indian Air Force transport plane that...
- Russian-built Antonov An-32 was carrying service personnel and six crew members during a routine courier service to Andaman and Nicobar Islands in 2016.
- An IAF source told AFP in 2016 that radar data from the missing aircraft showed it making a sharp left turn before rapidly losing altitude.
Geostrategy
UNSC to meet on US-UK strikes against Houthi rebels
The UN Security Council will hold an emergency meeting over the strikes carried out by the United States and Britain...
- Earlier the Security Council had adopted a resolution demanding the "immediate" halt to the Houthi's attacks.
- The US, Britain and eight other nations referred to the Security Council resolution in a joint statement issued after the overnight strikes on Yemen.
Geostrategy
Yemen’s Houthi rebels have built a significant arsenal
DUBAI, UAE - Yemen's Houthi rebels, who vowed to retaliate against US and British strikes early on Friday against key military...
- Iran-backed Houthis have carried out a spate of attacks in the Red Sea, claiming to be targeting ships with Israeli links.
- The Houthis have been steadily developing their military capabilities since 2014, when they seized the Yemeni capital Sanaa.
Arts & Culture
Boots, Banksy, piano: Elton John puts items up for auction
New York, United States - Music icon Elton John has put a variety of personal items up for auction at Christie's...
- Most of the items come from John's former home in Atlanta, a condo on Peachtree Road that was recently sold, the auction house said Thursday
- Beginning on February 21, Christie's is organizing a series of eight sales, both in person and online, for the collection of the 76-year-old's belongings
Economy
IMF okays $700 million disbursement for cash-strapped Pakistan
Washington, United States - The IMF's executive board approved an immediate disbursement of around $700 million for Pakistan Thursday as part...
- The funds were unlocked after the International Monetary Fund board approved the first review of a nine-month.
- Thursday's disbursement brings the total released under the agreement to around $1.9 billion, the Fund said.
Geostrategy
India flexes maritime muscles by boosting Arabian Sea force
New Delhi, India - Dramatic drone footage showing Indian commandos hunting pirates after an attack in the Arabian Sea illustrates New...
- Defense Minister Rajnath Singh -- speaking at the launch of India's latest own-built warship, vowed shipping would be protected "from the sea to the heights of the sky"
- India was taking "very proactive action" to ensure pirates "don't venture out into the India Ocean region", Admiral Hari Kumar, chief of naval staff said
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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
Major win for Trump on Gaza, but will it stand test of time?
Washington, United States - US President Donald Trump has undeniably scored a diplomatic victory by helping to broker a truce...
Geostrategy
Company News
Latest News
Oil prices jump after Trump’s warning, stocks extend gains
Oil prices rallied Tuesday after Donald Trump urged Tehran residents to evacuate, stoking fresh fears of all-out war as Israel...
Economy
Israel, Iran trade missile fire as Trump warns Tehran to ‘evacuate’
The United States and Iran had engaged in several rounds of indirect talks on Tehran's nuclear programme in recent weeks,...
Geostrategy
G7 urges Iran de-escalation as Trump makes hasty summit exit as ally Israel pounds Iran
The G7 statement said that Israel "has a right to defend itself" and stressed "the importance of the protection of...
Geostrategy
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Business
Oil prices drop, stocks climb as Iran-Israel war fears ease
Israel's surprise strike against Iranian military and nuclear sites on Friday -- killing top commanders and scientists -- sent crude prices...
- However, concerns over the conflict spreading appeared to have receded, with both main oil contracts retreating 3.7 percent.
- Analysts said the recent decision by the OPEC+ group of crude producing nations, led by Saudi Arabia and Russia, to raise output again in July also played a role.
Business
WhatsApp introduces first major advertising features
San Francisco, United States -- WhatsApp announced Monday it will introduce its boldest advertising features yet, marking a significant shift...
- The move is a sensitive one for WhatsApp, whose chief firmly denied a report in 2023 that said the Meta-owned app was exploring advertisements as it sought to boost revenue.
- Unlike Facebook, Instagram, and other social platforms, WhatsApp has maintained minimal advertising since Meta acquired it in 2014.
Geostrategy
France shuts Israeli weapons industry booths at Paris Air Show
The decision added drama to the major aerospace industry event, which was already under the shadow of last week's deadly...
- The booths displayed "offensive weapons" that could be used in Gaza -- in violation of agreements with Israeli authorities, a French government source told AFP.
- The companies -- Israel Aerospace Industries (IAI), Rafael, Uvision, Elbit and Aeronautics -- make drones and guided bombs and missiles.