Floating wind power sets sail in Japan’s energy shift
Still heavily reliant on imported fossil fuels, Japan has declared offshore wind energy a "trump card" in its drive to...
Geostrategy
Trump speaks with Xi, sees progress on TikTok, says will visit China early next year
US President Donald Trump hailed Friday what he called progress with Chinese President Xi Jinping including on selling blockbuster app...
Geostrategy
UN calls for $294m for ‘urgent needs’ in Gaza, occupied West Bank
Nearly 60 percent of households in Gaza were considered food insecure before the start of the new hostilities. As of...
- The funds would be used to help more than 1.2 million people, the UN Office for the Coordination of Humanitarian Affairs (OCHA) said
- UN has previously estimated it would need $502 to fund operations to aid 2.1 million Palestinians in 2023, a goal that is less than 50-percent financed
Geostrategy
The United States has Israel’s back: Blinken in Israel
Blinken, a secular Jew, spoke in unusually personal terms during his visit, recalling how his grandfather escaped Russian pogroms and...
- Blinken's motorcade made a last-minute stop at the underground parking lot that has been turned into a makeshift donation hub after Israel's deadliest day in decades
- As Blinken brought baby supplies to add to the collection of donated boxes, a crowd of hundreds chanted, "USA! USA!" and sang the Israeli national anthem
Geostrategy
A ‘new front’ in Hamas war depends on Israel’s actions, says Iran
Speaking from Beirut's airport, the top diplomat said that Iran's regional allies, known as the "axis of resistance", could respond...
- Although Tehran has been a long-term backer of Hamas, Iranian officials have been adamant that the country had no involvement in the Hamas attack
- Nevertheless, the United States fears the opening of a second front on Israel's northern border with Lebanon if Hezbollah were to intervene
Geostrategy
Egypt receives humanitarian aid bound for Gaza
Cairo, Egypt- The first shipment of humanitarian aid arrived in Egypt's Sinai on Thursday from Jordan, state-affiliated media reported, to be...
- El-Arish airport, 30 miles away from the Rafah border crossing into Gaza, "has been designated by Egyptian authorities to receive international humanitarian aid.
- It was not immediately clear when the aid would arrive in Gaza, after three Israeli air strikes on the Rafah border crossing resulted in its closure.
Geostrategy
Israel-Hamas war a ‘new cloud’ over world economy, says IMF
Marrakesh, Morocco-- The war between Israel and Hamas has cast a shadow over the IMF-World Bank annual meetings in Morocco, with...
- IMF Managing Director Kristalina Georgieva said the International Monetary Fund was "very closely monitoring how the situation evolves" and how it is affecting oil markets
- She said it was "too early" to assess the impact of the conflict, but "this is a new cloud on not the sunniest horizon for the world economy -- new cloud, darkening this horizon
Business
Delta posts Q3 profits of $1.1b
The company’s revenues rose 11 percent to $15.5 billion.
- Delta and other US carriers have pointed to pent-up travel demand as a driver of strong results in recent quarters.
- The company described overall demand as "strong," domestic demand as "steady" and international strength as "extending through fall."
Geostrategy
Countries evacuate citizens as Israel-Hamas war rages
Thousands of foreigners are stuck in Israel and across the Palestinian territories, where a full-blown war has erupted since Hamas...
- Argentina, the Latin American country with the largest Jewish population, on Tuesday started evacuating over 1,200 of its citizens from Israel.
- "Around 4,500 German citizens" have registered on a list seeking help to return, a foreign ministry source said.
Geostrategy
Blinken to visit Saudi Arabia, Egypt and UAE on Israel war
The three countries are additional stops on his visit that included meetings with King of Jordan and Mahmud Abbas. Blinken...
- Israeli strikes knocked Syria's airports in Damascus and Aleppo, both controlled by the Syrian government, out of service.
- Gaza is being pounded every 30 seconds by Israeli strikes; a total of 4,000 tons of explosives has rained on the besieged territory.
Geostrategy
Risk of oil supply disruptions due to Hamas-Israel conflict limited: IEA
The Paris-based agency, in addition to its analysis and advisory roles, coordinates the release of emergency stocks held by its...
- Oil prices jumped at the start of the conflict but have since eased as there was no immediate disruption to supply flows and other nations have not intervened.
- Yet prices remain relatively high thanks to supply cuts by Saudi Arabia and Russia, with the IEA also warning it was beginning to see signs of demand destruction.
Geostrategy
X rebuffs EU disinformation claims on Israel-Hamas violence
EU internal market commissioner Thierry Breton raised the alarm in letters sent to Musk and Mark Zuckerberg, whose Meta group...
- The firm's CEO wrote in a letter dated Wednesday that the platform had "taken action to remove or label tens of thousands of pieces of content" related to Israel and Hamas war.
- The letter was addressed to EU internal market commissioner Thierry Breton, who had personally criticized Musk on social media on Tuesday, sparking a public clash between the two.
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Floating wind power sets sail in Japan’s energy shift
Still heavily reliant on imported fossil fuels, Japan has declared offshore wind energy a "trump card" in its drive to...
Geostrategy
Company News
Trump wins White House in stunning comeback
Geostrategy
Latest News
Remains of 5,000-year-old noblewoman found in Peru dig
The woman's funerary trousseau, which was presented to reporters at the culture ministry, included a toucan's beak, a stone bowl...
Arts & Culture
IMF, World Bank welcome efforts for Syria to reintegrate globally
Washington, United States - The International Monetary Fund and World Bank's leaders said in a joint statement Thursday that they...
Economy
Trump confidant Steve Witkoff leads Iran talks amid nuclear tensions, Europe urged to rejoin diplomatic efforts
Witkoff, a businessman friend of Trump who has become his globe-trotting negotiator, last met Foreign Minister Abbas Araghchi on Saturday...
Geostrategy
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Geostrategy
Israel military issues evacuation order two north Gaza areas
"To all of the civilians of the Gaza Strip staying in the areas of Beit Hanoun and Sheikh Zayed. This...
- Israel resumed its intense aerial and ground assault across Gaza from March 18, ending a two-month ceasefire with Hamas that had largely halted fighting in the territory.
- Meanwhile, initial probe released by Israeli army said Israeli tank fire killed a UN worker in Gaza last month, after initially denying operating in the area.
Business
European carmakers on China charm offensive as sales droop
Shanghai, China -- Once blithely dominant in China, European automakers are now launching full-fledged charm offensives at consumers in the...
- At this week's Auto Shanghai, the largest global industry show of its kind, foreign firms pitched dozens of electric, high-tech models made "in China for China".
- Volkswagen, the largest foreign automaker operating in the country, announced that by 2027 it would release more than 20 new cars for the local market.
Geostrategy
Lebanon parliament approves changes to banking secrecy law
Beirut, Lebanon -- Lebanon's parliament on Thursday approved amendments to banking secrecy legislation, a key reform demanded by the International...
- The international community has long demanded major fiscal reforms to unlock billions of dollars in aid to restart the Lebanese economy in the wake of a five-year economic collapse
- The crash since 2019 has seen the local currency lose most of its value against the US dollar and has pushed much of the population into poverty.