Avia to buy 40 Boeing aircraft
The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.
Business
Saudi crown prince demands Gaza, Lebanon ceasefires at Arab summit
Prince Salman also called on Israel not to attack Iran, highlighting improving ties between Saudi Arabia and its former regional...
Geostrategy
Economy
Asian markets battle to recover from tech rout after reassuring US data
Asian traders struggled to fight back Friday after a tech-fuelled sell-off, taking heart from forecast-beating US growth data that reassured...
- Figures showing the US economy expanded far more than expected in the second quarter
- Attention now turns to personal US consumption expenditure figures, due later today
UAE urges ‘temporary international mission’ for post-war Gaza
Washington has said repeatedly that it opposes post-war government of Gaza by either Israel or Hamas and has called for...
- It came after Arab heads of state called at a summit in May for the deployment of UN peacekeepers across the occupied Palestinian territories, an idea strongly opposed by Israel
- Israeli Prime Minister Benjamin Netanyahu has said little about his plans for post-war Gaza, but he wants Israel to retain control of security matters
Geostrategy
Palestinian and Jewish protesters stage rare peace march
Chanting "yes, to peace, yes, to a deal", hundreds of Palestinian and Jewish Israelis marched noisily through Tel Aviv on...
- Their agenda starts with a ceasefire in the Israel-Hamas war, but ultimately, they want to reboot Palestinian-Israeli relations,
- According to activists and watchdogs, Palestinian citizens of Israel have struggled to get authorization for anti-war protests
Geostrategy
Netanyahu, Biden to meet on elusive Gaza deal
Joe Biden will press Benjamin Netanyahu on Thursday to seal a Gaza ceasefire deal, despite the US president's shock election...
- Relations between Biden and Netanyahu are tense over Israel's conduct in the war
- Netanyahu's fiery speech to Congress sparked rowdy protests
Business
World’s richest 1% gained $40 trn in a decade: Oxfam
Paris, France - The world's richest one percent increased their fortunes by a total of $42 trillion over the past decade,...
- Despite this windfall, taxes on the rich had plummeted to "historic lows", the NGO added, warning of "obscene levels" of inequality
- Brazil has made international cooperation on taxing the super-rich a priority of its presidency of the G20, a group of countries representing 80% of the world's GDP
Business
Boeing guilty plea deal filed
The plea deal must be approved by a federal court judge.
- The plea deal must be approved by a federal court judge and it includes an additional $243.6 million to be paid by Boeing on top of a previous fine of the same amount
- Boeing conspired to defraud US air traffic safety regulators about the Max 737 while the aircraft was being certified, according to the filing
Business
In fuel-guzzling Saudi Arabia, electric cars pique interest
Riyadh, Saudi Arabia -- For Hamed al-Rafidain, a Saudi human resources worker, an electric vehicle offers welcome savings, especially since his...
- Although the EV market in the world's largest oil exporter remains small compared with the United States and China, it tripled last year to nearly 800 cars.
- Chinese EV giant BYD is expected to dominate the Saudi market. Its global rival Tesla of the United States has no dealerships in the Gulf kingdom.
Geostrategy
‘We love life’: Gaza’s war-weary footballers play on
For fans and players, Tuesday's match in the Jabalia refugee camp was a welcome distraction from the pangs of hunger...
- For the footballers, the match offered a rare escape from concerns about food and water shortages
- Jabalia was hit particularly hard in an Israeli offensive launched in May
Geostrategy
Bangladesh arrest total passes 2,500
What began as demonstrations against politicized admission quotas for sought-after government jobs snowballed into some of the country's worst unrest.
- At least 174 people have died, including several police officers
- A curfew was imposed and soldiers were deployed across the country
Paris prepares warm Olympics welcome — except for rats
While the Paris Olympics is set to be a festival of socializing and intermingling, city authorities are keen for visitors...
- Boulevards and squares have been thoroughly spruced up, with many historic buildings given a makeover
- "Where there were areas with lots of rats, we put traps in place ahead of the Games" - French Deputy Mayor
Avia to buy 40 Boeing aircraft
The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.
Business
Company News
Samsung says planning job cuts
Business
Latest News
Tech helps Singapore economy top forecasts in third quarter
Singapore's economy grew more than expected in the third quarter as a rush for everything related to artificial intelligence drove...
Economy
Hezbollah drone strike kills four, wounds dozens at Israeli base, US sending more air-defences
Hezbollah announced late Sunday that it launched a "squadron of attack drones" at the Binyamina camp, 30 kilometers south of...
Geostrategy
UN raises alarm over catastrophe amid ongoing Israeli strikes on Gaza, Lebanon
With Israel ramping up strikes on Lebanon and Gaza, the UN warns of a potentially catastrophic regional conflict, highlighting the...
Geostrategy
Most Read
Business
Boeing to cut 10% of workforce
The aviation giant has projected a large third-quarter loss.
- The company announced a series of belt-tightening measures and production delays in the wake of the nearly month-long strike of 33,000 workers.
- Boeing said the strike contributed to $3 billion in pre-tax charges to its commercial aviation results in the third quarter.
Geostrategy
Blinken says US wants Lebanon solution, not ‘broader conflict’
"So Israel has a clear and very legitimate interest in doing that. The people of Lebanon want the same thing....
- Blinken again said that Israel, which has been carrying out deadly strikes on Lebanon, "has a right to defend itself" against Hezbollah
- "We continue to engage intensely to prevent broader conflict in the region," Blinken told reporters after an East Asia Summit in Laos
Boeing to cut 10% of workforce
The company has projected a large third-quarter loss.
- The aviation giant must "reset our workforce levels to align with our financial reality," Chief Executive Kelly Ortberg said
- The company announced a series of belt-tightening measures and production delays in the wake of the nearly monthlong strike of 33,000 workers