Vietnam defies US tariffs with 8.2% growth in third quarter
Hanoi, Vietnam -- Vietnam recorded economic growth of 8.2 percent in the third quarter, among the highest increases in more...
Economy
Opec+ plus to raise oil production by 137,000 barrels a day in Nov
The increase was less than many analysts expected, with the cartel seeking to avoid pressuring prices amid weak demand. OPEC+...
Geostrategy
Geostrategy
US pushes naval coalition as Yemen rebels vow to attack more ships
The United States pushed to build up a multinational naval task force to protect a key global shipping lane from...
- US Defense Secretary Lloyd Austin condemned the "unprecedented" spate of attacks in waters leading to the Suez Canal.
- The Canal is a chokepoint for about 10 percent of global trade, that have forced many shipping companies to divert their vessels.
Business
Hyundai to sell Russian plant
Sales of Hyundai cars have tumbled in Russia.
- The war in Ukraine has sparked an exodus of foreign companies from Russia, including many major car manufacturers.
- Sanctions by the European Union, the United States and others have made it increasingly difficult to do business with Russia.
Geostrategy
UNSC stumbles for common ground on Gaza, delaying ceasefire vote
Israel -- backed by its ally Washington, a veto-wielding permanent Security Council member -- has opposed the term "cease-fire." This...
- The current struggle comes after an impasse earlier this month, when the US, despite unprecedented pressure from UN chief Antonio Guterres, blocked the adoption of UNSC resolution.
- Last week, the General Assembly adopted the same nonbinding resolution by 153 votes to 10, with 23 abstentions, out of 193 member states.
Geostrategy
French government battles to save flagship immigration bill
Paris, France - The French government of President Emmanuel Macron on Tuesday was battling to salvage a flagship immigration reform following...
- The government regards the legislation -- which generally tightens immigration rules -- as crucial to seizing the initiative on the issue from the far-right
- The chief obstacle is that the right wants to make social security benefits for foreigners conditional on five years of presence in France or 30 months for those who work
Business
Australia’s Starc, Cummins set salary records at IPL auction
Before Tuesday, England all-rounder Sam Curran was the most expensive player after being bought for $2.23 million last year by...
- The Australian cricketer Starc was snapped up by Kolkata Knight Riders for 247.5 million rupees ($2.98 million), setting an all-time IPL auction record
- He broke the record set by Cummins earlier in the day when Sunrisers Hyderabad paid 205 million rupees ($2.47 million) for the World Cup-winning skipper
Business
Lufthansa orders planes for $9 bn
The airline ordered 40 planes each from Boeing and Airbus.
- The Airbus planes are intended to be used by Lufthansa's new regional carrier, City Airlines, which is due to start operating in summer 2024.
- The aircraft, the first of which will be delivered in 2026, will be deployed on short-haul routes from Frankfurt and Munich.
First commercial trucks enter Gaza since war: US
State Department spokesman Matthew Miller said that the first private trucks entered Saturday and more came through on Monday. Miller,...
- The commercial trucks came through the Rafah crossing between Gaza, which is controlled by Hamas, and Egypt
- State Department spokesman Miller said that the arrival of commercial trucks was the "result of intensive diplomacy" by US officials
Israel air force denies indiscriminate bombing in Gaza offensive
A report by Washington's Director of National Intelligence, quoted by US media, said that nearly half of munitions dropped by...
- The Israeli offensive, aimed at destroying Hamas, has killed at least 19,453 people in Gaza, also mostly civilians, according to the Hamas-ruled territory's health ministry
- US President Joe Biden has warned Israel was at risk of losing international support due to its "indiscriminate" bombing of the Palestinian territory
Business
Apple pauses sale of watch models
The pause comes as it fights a patent battle over technology.
- The move comes more than a month after the USITC recommended banning imports of Apple Watch models that appear to infringe patents held by Masimo Corp
- A presidential review is underway regarding the USITC order regarding imports of Apple Watch models with the blood oxygen sensing feature at issue in the patent dispute
Jeff Bezos’ Blue Origin sets new launch attempt for Tuesday
The company finally announced a December 18 launch from its base near Van Horn, Texas. But on the day itself...
- Jeff Bezos' space company has not launched a rocket since an uncrewed September 2022 crash placed its program on hold while it carried out fixes and awaited regulatory approval
- Though the rocket will carry a payload of science experiments, not people, mission NS-24 must succeed before Blue Origin can return to taking thrill-seekers to final frontier
Most Read
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
Vietnam defies US tariffs with 8.2% growth in third quarter
Hanoi, Vietnam -- Vietnam recorded economic growth of 8.2 percent in the third quarter, among the highest increases in more...
Economy
Company News
Latest News
Lebanon says dismantled ‘more than 500’ Hezbollah installations in south
Under a November ceasefire agreement between Israel and Hezbollah, the Iran-backed militant group was required to pull its fighters out...
Geostrategy
Gamers get hold of Nintendo’s hotly awaited Switch 2
Tokyo, Japan -- Gamers finally got their hands on Nintendo's new Switch 2 on Thursday, the console that could score...
Business
What is genocide and is it happening in Gaza?
The accusation against Israel of genocide has been made with increasing force from quarters ranging from "Schindler's List" star Ralph...
Geostrategy
Most Read
Business
Equinor signs $27 bn gas deal
The 10-year contract was signed with Centrica.
- Natural gas accounts for 38% of UK's total energy supply, according to the IEA, making it the top fuel source, and the nation depends heavily on imports.
- Russia's invasion of Ukraine and Western sanctions roiled energy markets, sparking a rise in prices that British consumers are still struggling with.
Geostrategy
Syria says Israeli strikes ‘aimed at undermining’ stability
Syria's Foreign Minister Asaad al-Shaibani condemned on Wednesday Israeli strikes in retaliation for overnight rocket fire, saying they were aimed...
- Israel bombed southern Syria after the military reported that two projectiles were fired into Israeli territory
- Two unknown groups claimed responsibility for the launches, while Syrian authorities denied responsibility
Arts & Culture
Morocco set for sheepless Eid as drought persists
As the Islamic festival of Eid al-Adha approaches, Fatima Kharraz can't seem to find the usual sense of celebration after...
- While sacrificing sheep during Eid al-Adha is not a religious obligation, it remains a widely observed ritual across the Muslim world
- Recent rainfall deficits have chipped away at grazing pastures, also driving up the cost of livestock feed