Gold tops $4,000 for first time on political, economic worries
US and European stock markets mostly rose while Asian equities fell as investors also kept tabs on the AI investment...
Business
WTO hikes 2025 trade growth outlook but tariffs to bite in 2026
The WTO raised its forecast for trade volume growth in 2025 to 2.4 percent -- up from 0.9 percent in...
Economy
BYD overtakes Tesla in EV sales
Tesla's stock slipped after the news was announced.
- Despite losing its quarterly sales crown, Tesla was still top on an annual basis, delivering more than 1.8 million EVs to customers in the year to December
- "Tesla sales is likely to be boosted by the introduction of its "long-promised mass market EV model later this year," says Garrett Nelson, an equity analyst at CFRA Research
Japan quake toll rises to 62 as weather hampers rescuers
The 7.5-magnitude quake on January 1 that rattled Ishikawa prefecture on the main island of Honshu triggered tsunami waves more...
- The regional government of Noto Peninsula announced Wednesday that 62 people had been confirmed dead and more than 300 injured, 20 of them seriously
- JMA said the quake which triggered a major tsunami warning, had a magnitude of 7.6 and was one of more than 400 to shake the region through Wednesday morning
Geostrategy
Houthis fire on commercial ships in Red Sea: US military
According to United Kingdom Maritime Trade Operations, it had received reports of up to three explosions 1-5 nautical miles from...
- Houthis have carried out a flurry of drone and missile strikes targeting commercial vessels
- The attacks endanger a transit route that carries up to 12 percent of global trade
Geostrategy
Former British PM Blair says no role in Gazans resettlement
London, UK - Britain's former prime minister Tony Blair has strongly denied an Israeli media report linking him to talks last...
- Channel 12 claimed on Sunday that Blair, who left office in 2007 and served as a Middle East envoy charged with building up Palestinian institutions, was in Israel last week
- The news channel said he held meetings with Prime Minister Benjamin Netanyahu and war cabinet member Benny Gantz about a mediation role after the war with Hamas
Geostrategy
Turkey arrests 33 suspected of spying for Israel, planning abductions
Interior Minister Ali Yerlikaya said, "We will never allow espionage activities to be conducted against the national unity and solidarity...
- Interior Minister Ali Yerlikaya said the suspects were rounded up in raids across eight provinces in and around Istanbul
- Yerlikaya's office released video footage showing armed security service agents breaking down doors and handcuffing suspects in their homes
Business
Baidu cancels YY Live deal
The deal was originally expected to be completed by 2021.
- Baidu, the country's top search engine company, agreed in 2020 to buy JOYY Inc's Chinese live video business YY Live for $3.6 billion
- However, Baidu said in a Hong Kong stock exchange filing on Monday that it would terminate the purchase agreement
Geostrategy
Exiled Hamas deputy head killed in Israeli drone strike
A high-level security official told AFP that Saleh al-Aruri was killed along with his bodyguards in the strike by Israel....
- Hamas vowed Tuesday that the killing of the group's deputy in Lebanon will not "undermine the continued brave resistance" in Gaza.
- The strike will add to persistent fears that the nearly three-month-old Israeli-Hamas war could become a wider conflagration.
Business
Europe stocks rise, Asia tepid as oil jumps and Bitcoin shines
Following record highs in 2023 for the likes of Paris, Frankfurt and Tokyo, investors are predicting more gains as central...
- Bitcoin broke $45,000 for the first time since April 2022 on optimism that the United States would allow wider trading of the world's biggest cryptocurrency.
- Despite the upbeat outlook on rates, Asian markets started the year with little fanfare. Hong Kong and Shanghai each extended last year's losses
Race against time after deadly Japan quake
The 7.5-magnitude quake, which hit Ishikawa prefecture on the main island of Honshu, triggered tsunami waves more than a meter...
- USGS said the quake had a magnitude of 7.5. Japan's meteorological agency measured it at 7.6 and said it was one of more than 150 to shake Noto peninsula
- Almost 33,000 households were without power in the region, which saw temperatures touch freezing overnight, the local energy provider said
Geostrategy
More strikes on Gaza after Israel warns war will last through 2024
Nearly three months of conflict have claimed almost 22,000 lives in Gaza, according to the Hamas-run health ministry, and devastated...
- On Monday night into Tuesday morning, eyewitnesses reported missiles fired towards the city of Rafah in the south and shelling around the Jabalia refugee camp
- Israeli Defence Minister Yoav Gallant, meanwhile, said residents of some towns and villages near the Gaza border, "will soon be able to return home"
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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
Gold tops $4,000 for first time on political, economic worries
US and European stock markets mostly rose while Asian equities fell as investors also kept tabs on the AI investment...
Business
Company News
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Nvidia marks Paris tech fair with Europe AI push
Paris, France -- Drawing high-powered tech CEOs and a presidential visit, the Vivatech trade fair opened in Paris on Wednesday...
Business
Trump touts ‘done’ deal with Beijing on rare earths, Chinese students
Trump said on his Truth Social platform that China would supply rare earth minerals and magnets -- vital elements for...
Business
EU tells Israel to reverse move to cut off Palestinian banks
Brussels, Belgium -- The EU on Wednesday urged Israel to undo a move by a far-right minister that threatens to...
Geostrategy
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Economy
Australia reach World Cup as Palestinian dreams of a first appearance end
Australia qualified for next year's World Cup in North America while Oman ended Palestine's hopes of a first appearance at...
- Saudi Arabia must instead make do with a place in the fourth round, alongside Indonesia
- Iran and Uzbekistan are already through to next year's finals from Group A
Geostrategy
Tehran readies counter-proposal as Iran-US nuclear talks set to resume Sunday in Muscat
Iran has said it will present a counter-proposal to the latest draft from Washington, which it had criticised for failing...
- It came as European powers and the United States submitted a censure motion to the UN's nuclear watchdog in an effort to ramp up pressure on Iran
- Iran has said it will present a counter-proposal to the latest draft from Washington, which it had criticised for failing to offer sanctions relief
Geostrategy
Israel deports Greta Thunberg after intercepting Gaza-bound aid boat
Tel Aviv, Israel - Campaigner Greta Thunberg arrived home in Sweden late Tuesday, after Israel detained her and other activists aboard...
- Of the 12 activists on board the Madleen, which was carrying food and supplies for Gaza, four including Thunberg agreed to be deported immediately
- The remaining eight were taken into custody after they refused to leave Israel voluntarily, and brought before a detention review tribunal on Tuesday