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
Gold tops $4,000 for first time on political, economic worries
New York, United States - Gold topped $4,000 an ounce for the first time Wednesday as investors flocked to the...
Economy
Geostrategy
2023 hottest recorded year as Earth nears critical threshold
PARIS, FRANCE - The year of 2023 was the hottest on record, with the increase in Earth's surface temperature nearly crossing...
- Climate change intensified heatwaves, droughts and wildfires and pushed the global thermometer 1.48 C in 2023 above the preindustrial benchmark.
- Nearly half of 2023 exceeded the 1.5C limit, beyond which climate impacts are more likely to become self-reinforcing and catastrophic, said scientists.
Business
GSK to buy Aiolos Bio
The focus is on an asthma medication still at the testing stage.
- The acquisition hands GSK access to AIO-001, a long-acting antibody which is ready to enter Phase II clinical development for the treatment of adults with asthma
- AIO-001 was exclusively licensed to Aiolos outside of China by Jiangsu Hengrui Pharmaceuticals, which initially developed the asthma treatment
Business
EVA Air orders 33 Airbus planes
The deal could be worth as much as $8.5 billion.
- The 33 planes ordered include 18 long-range A350-1000 planes and 15 single-aisle A321neo models
- The wide-bodied A350-1000 type can seat up to 410 passengers and travel up to 18,000 kilometers non-stop
Business
Tokyo’s Nikkei climbs to its highest level since Mar 1990
Tokyo, Japan - Tokyo stocks closed higher on Tuesday on the back of gains in US tech stocks, pushing the Nikkei...
- The benchmark Nikkei 225 index climbed 1.16 percent, or 385.76 points, to end at 33,763.18
- In Tokyo trading, chip-linked shares were higher with Advantest surging 6.04 percent to 4,945 yen
Economy
Boost investment to avert ‘decade of wasted opportunity’: World Bank
Global growth is set to slow from an estimated 2.6 percent in 2023 to 2.4 percent this year, 0.75 percentage...
- Growth in advanced economies is expected to slow to just 1.2% this year, while emerging market and developing economies should see growth ease slightly to 3.9%.
- After seeing reasonable growth in 2023, the United States and China -- the world's two largest economies -- are both likely to slow in the year ahead, the World Bank said.
Business
Nakilat expands its fleet
The Qatari firm placed orders for 6 carriers with HSHI.
- Upon delivery, Nakilat's LNG fleet will expand to 71 vessels, and the LPG fleet will grow to eight vessels with the addition of the four new vessels.
- The orders include two cutting-edge LNG carriers with a cargo capacity of 174,000 cum each and four modern Very Large LPG/ Ammonia Gas carriers.
Business
ByteDance to sell gaming arm
It is in talks with buyers including tech giant Tencent.
- The discussions would see the firm sell Nuverse, a video game publisher that is a subsidiary of ByteDance
- Nuverse was once viewed by the firm as a vital component in its bid to catch up with Tencent
Economy
France drops renewables targets in new energy bill
The proposed text affirms "the sustainable choice of using nuclear energy as a competitive and carbon-free" source of electricity. But...
- The proposed text reaffirms France's commitment to nuclear power to ensure "energy sovereignty"
- The draft law also drops targets for reducing energy consumption via renovation of buildings.
Geostrategy
Blinken returns to Israel as Gaza death toll rises to 23, 210
The US secretary of state -- on his fourth Middle East tour since the war broke out -- was back...
- Hamas leader Ismail Haniyeh called on Muslim states "to support the resistance with weapons, because this is... not the battle of the Palestinian people alone".
- At least 23,210 people have been killed in the Palestinian territory due to relentless Israeli bombardment, 126 deaths in the past 24 hours alone.
Business
CES gadget fest a showcase for AI-infused lifestyle
The annual Consumer Electronics Show gathering boasts more than 3,500 exhibitors and is expecting some 130,000 visitors. Companies big and...
- CES exhibitor and attendee numbers have jumped each year since the Covid-19 pandemic caused it to be an online-only event in 2021
- While the show is increasingly a showcase for startups, big brands such as Amazon, Google, Intel, Netflix, Samsung, SonY will also be there
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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
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
Company News
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MENA brief Jun 15: Erdogan warns of ‘devastating war’, Gaza internet restored
Iran announced it will scale back cooperation with the International Atomic Energy Agency (IAEA), expressing deep dissatisfaction over what it...
Geostrategy
Boeing lowers 2044 global air fleet outlook amid supply chain woes
New York, United States -- The global commercial aviation fleet will stand just under 50,000 planes in 2044, with most...
Economy
OpenAI enlists iPhone designer to create ideal device for using AI
New York, United States -- ChatGPT-maker OpenAI has enlisted the legendary designer behind the iPhone to create an irresistible gadget...
Business
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Geostrategy
Russia to build Kazakhstan’s first nuclear power plant
Almaty, Kazakhstan - Russian nuclear energy giant Rosatom will lead the construction of the first atomic power plant in Kazakhstan,...
- Kazakhstan, a vast resource-rich country in Central Asia, is currently the world's top uranium producer, providing 43 percent of supplies
- The new power plant, whose construction was approved in a referendum in late 2024, will be built near the half-abandoned village of Ulken near Balkhash Lake
Geostrategy
Israel warns ‘Tehran will burn’ after wave of Iranian missile fire hit Tel Aviv
Following decades of enmity and conflict by proxy, it is the first time that Israel and Iran have traded fire...
- "We have created aerial freedom of action from west Iran all the way to Tehran... Tehran is no longer immune," said spokesman Brigadier General Effie Defrin
- Iran has hit back with waves of drone and missile strikes, with a barrage of dozens lighting up the skies over Jerusalem and Tel Aviv overnight
Geostrategy
UN conference on Palestinian statehood delayed: Macron
Paris, France - French President Emmanuel Macron said on Friday that next week's UN conference on a two-state solution for...
- Macron made the announcement after Israel pounded Iran in a series of air raids, striking 100 targets including nuclear and military sites
- Macron said in early June that he expected the conference in New York would take steps "towards recognising Palestine", without being more specific