Trump announces steep new tariffs on pharmaceuticals, big-rig trucks, furniture, reviving trade war
US President Donald Trump announced Thursday punishing tariffs on pharmaceuticals, big-rig trucks, home renovation fixtures and furniture, reviving his global...
Economy
UAE raises $299 million in Islamic Treasury Sukuk auction
Abu Dhabi, UAE — The UAE Ministry of Finance (MoF), in collaboration with the Central Bank of the UAE, has...
Business
Business
Disney to buy stake in Hulu
It will acquire Comcast's US$8.6 billion stake in Hulu.
- The acquisition will "further Disney's streaming objectives," the company said in a press release
- The deal values Hulu at $27.5 billion in total, and the transaction will be concluded by December 1
Business
Drought forces Panama Canal operator to cut ship traffic
Panama City, Panama - The operator of the Panama Canal, the passageway for cargo ships between the Atlantic and Pacific oceans,...
- Traffic will be reduced to 25 ships a day from Friday, down from 29, and will drop to 18 ships a day by February, the Panama Canal Authority said
- The 50-mile (80-kilometer) long waterway provides direct access between the Atlantic and Pacific oceans, bypassing the South American continent
Geostrategy
Iran urges Muslim nations to suspend trade with Israel
The bombing campaign by Israel in Gaza has killed more than 8,500 people, two-thirds of them women and children, according...
- "Muslim countries should not cooperate economically with the Zionist regime (Israel)," said Iran's supreme leader Khamenei, calling for a "block on oil and food exports"
- "The Muslim world must not forget who is putting pressure on the population of Gaza. It's not just about the Zionist regime," he said.
Arts & Culture
Saudi set to host FIFA World Cup 2034 in either summer or winter
Despite summer temperatures touching 50 degrees Celsius (122 Fahrenheit) in the major cities, Saudi Arabian Football Federation president Yasser al-Misehal...
- Misehal also indicated that Saudi Arabia intends to push ahead and host the tournament alone, without asking its neighbors to hold any games.
- That would make Saudi the first country to organize the newly expanded, 48-team World Cup on its own, after the joint hostings in 2026 and 2030.
Geostrategy
UN decries ‘latest atrocity’ as Israel strikes refugee camp again
"This is just the latest atrocity to befall the people of Gaza where the fighting has entered an even more...
- Jordan said it would "immediately" recall its ambassador to Israel in protest against the ongoing Israeli war in Gaza that has killed thousands of people.
- US Secretary of State Antony Blinken will hold talks in Israel Friday and then visit other regional powers as Washington seeks "urgent mechanisms" to reduce regional tensions.
Geostrategy
Phones and internet ‘completely’ shut off across Gaza
Internet and phone networks were completely cut last week but were restored at the weekend. The government of Palestinian fighters...
- Global network monitor Netblocks confirmed that Gaza "is in the midst of a new internet blackout with high impact to the last remaining major operator, Paltel
- A journalist in Gaza confirmed the loss of communications, adding that his phone still had signal because he was using an international SIM card
Geostrategy
Wounded Gaza residents and foreigners cross into Egypt
The border opening with Egypt provided the first glimmer of hope in the flaring humanitarian crisis in Gaza which the...
- Egypt announced that the most badly wounded, foreigners, and dual nationals can leave Gaza
- The bombing campaign has cost the lives of more than 8,500 people, mostly civilians
Geostrategy
Israel reports killing of nine soldiers in battle with Hamas fighters
Jerusalem--Nine Israeli soldiers were killed during combat operations in Gaza on Tuesday, the military said, bringing the total number of...
- In the Gaza Strip, fierce battles between Israeli ground troops and militants have been reported as Israel has pressed its campaign to "crush" Hamas
- Yoav Gallant, Israeli Defence Minister, said the deaths of the soldiers in battle was "a hard and painful blow," noting the army's "significant achievements"
Toyota hikes annual profit forecast
The company plans a $13.9bn investment in a battery plant.
- Toyota said a weaker yen and cost-cutting efforts meant it now expects annual net profit of 3.95 trillion yen, from a previous estimate of 2.58 trillion yen
- Toyota on Tuesday said it now plans a $13.9 billion investment in a battery plant in North Carolina in US, expanding a previous commitment to spend $5.9 billion
Geostrategy
Bolivia cuts ties with Israel over Gaza strikes
The South American nation also announced it was sending humanitarian aid to Gaza. The leaders of both Colombia and Chile...
- The government of leftist Luis Arce is the first in Latin America to cut ties with Israel since Israel began bombarding Gaza
- Hamas hailed Bolivia's decision, saying it "holds it in high esteem" while urging Arab countries to do the same
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
Trump announces steep new tariffs on pharmaceuticals, big-rig trucks, furniture, reviving trade war
US President Donald Trump announced Thursday punishing tariffs on pharmaceuticals, big-rig trucks, home renovation fixtures and furniture, reviving his global...
Economy
Company News
Latest News
OpenAI offers to help countries build AI system
OpenAI on Wednesday announced an initiative to help countries build their own artificial intelligence (AI) infrastructures, with the US government...
Science
Yemen’s Huthis to keep attacking Israeli ships despite US deal
Yemen's Huthi rebels will continue targeting Israeli ships in the Red Sea, an official told AFP on Wednesday, despite a...
Geostrategy
Syrian leader meets Emmanuel Macron in first European visit
Syrian President Ahmed al-Sharaa on Wednesday met French leader Emmanuel Macron on his first visit to Europe since overthrowing longtime...
Geostrategy
Most Read
Geostrategy
India and Pakistan: a history of armed conflict over Kashmir
New Delhi, India - India and Pakistan exchanged heavy artillery along their contested frontier in Kashmir on Wednesday in a...
- India and Pakistan have fought multiple wars over Kashmir since Partition in 1947
- Ceasefire violations, insurgency, and major clashes like Kargil have marked decades of conflict.
Geostrategy
India launches strikes on Pakistan, Islamabad vows to ‘settle the score’
Pakistan's Defence Minister Khawaja Muhammad Asif accused Indian Prime Minister Narendra Modi of launching the strikes to "shore up" his...
- New Delhi announced it had carried out "precision strikes at terrorist camps" at nine sites in Pakistan-administered Kashmir and in Punjab state
- The Indian army said "justice is served", with New Delhi adding that its actions "have been focused, measured and non-escalatory in nature."
Geostrategy
Turkey, Israel must ease tensions in Syria: analysts
Six months after Bashar al-Assad's fall, Turkey and Israel are both operating in Syria with starkly opposing agendas, stoking fears...
- Over the past week, Israel has struck deep inside Syria, with unconfirmed reports suggesting Turkish and Israeli warplanes had a close encounter over the weekend
- The reports - officially denied by Israel - sparked alarm over the possible consequences of any confrontation in Syria, where Turkey is looking to expand its military footprint