With cash and aid, Saudi Arabia pursues soft power push in Syria
Saudi Arabia has spent months courting Syria's new leaders, aiming to draw closer a country long dominated by Iran and...
Geostrategy
Top music body says AI firms guilty of ‘willful’ copyright theft
Paris, France -- AI companies have sucked up the world's entire music catalogue and are guilty of "willful, commercial-scale copyright...
Business
Iran calls on Islamic, Arab countries to confront Israel
Hamas's weekend onslaught saw hundreds of fighters cross into the Israeli border in vehicles, by air and by sea, killing...
- Raisi stated that in order to stop the "genocide of the Palestinians by the Zionists", Iran will coordinate with Islamic countries "as soon as possible"
- During his call with Assad, Raisi also lashed out at Arab countries that have recently normalized or are in discussion to establish ties with Israel
EasyJet, Airbus sign US$20bn deal
The no-frills airline will buy 157 aircraft from Airbus.
- The airline on Thursday said it had "entered into conditional arrangements" with European planemaker Airbus for 157 aircraft
- Together the deal was worth $19.9 billion and "will deliver lower fuel burn, CO2 emissions and operating costs per seat", EasyJet said
Israel prepares ‘ground maneuver’ against Hamas but no decision yet
Israel has also imposed a "complete siege" on the Palestinian territory, cutting off electricity, water and fuel supplies into Gaza....
- Israel's air campaign has also so far left about 1,200 people dead in the Gaza Strip, according to the Hamas-affiliated health ministry
- On Thursday, Israel and Hamas traded more fire, with journalists witnessing several air strikes targeting two Palestinian refugee camps in Gaza Strip
Geostrategy
Brazil exhorts UNSC talks to de-escalate Israel-Hamas war
Brazilian Foreign Affairs Minister Mauro Vieira has interrupted an Asia trip to travel "to New York to participate in a...
- Brazil previously called an emergency meeting of the Security Council on Sunday, the day after Hamas launched a surprise attack on Israel
- Earlier on Wednesday, Brazilian President Luiz Inacio Lula da Silva called for urgent international action to protect both Palestinian and Israeli civilians
Geostrategy
Israel will not supply water, fuel to Gaza until hostages freed: minister
Jerusalem--Israeli Energy Minister Israel Katz vowed Thursday his country would not allow basic resources or humanitarian aid into Gaza until...
- Hamas fighters abducted around 150 Israelis, foreigners and dual nationals to the Gaza Strip as part of the Saturday attack
- Israel in recent days has announced a "complete siege" on Gaza, cutting off water, fuel and electricity supplies
Geostrategy
Israeli settlers kill four Palestinians in West Bank
The latest fatalities bring to 29 the Palestinian death toll in the West Bank in violence related to the conflict...
- Israeli human rights group B'Tselem shared on social media footage of what it described as an "incursion of the Israeli military and Israeli settlers"
- B'Tselem said on X, formerly Twitter, that "since Saturday, settlers have been attacking Palestinian residents in many parts of the West Bank"
Geostrategy
Israeli shelling forces exodus of more than 338,000 in Gaza: UN
By late Wednesday, the number of displaced people in Gaza had risen by an additional 75,000 people from the figure...
- The UN body OCHA said nearly 220,000 people, or two-thirds of the displaced people, have sought shelter in schools run by the UN agency
- The bombing campaign has destroyed or rendered uninhabitable at least 2,540 housing units in Gaza, OCHA said, citing numbers from the Gaza Ministry
Geostrategy
Arab League denounces Israel siege of Gaza Strip
Demanding that aid be immediately allowed to go into the besieged enclave, Arab foreign minister condemned Israel's siege of Gaza...
- Arab League called for the dispatch of food, fuel and humanitarian aid to the impoverished enclave
- On Wednesday, the enclave's authority said the only power plant in Gaza had shut down due to lack of fuel
Business
Birkenstock to list on NYSE
The German sandals maker has set its share price at $46.
- A total of 32.26 million ordinary shares will be offered in its initial public offering, trading under the symbol BIRK
- Birkenstock recorded revenues of $1.17 billion for the nine months ending June 30, up 21 percent from the same period in 2022
Business
ExxonMobil to acquire Pioneer
This is the company's biggest takeover since 1990 acquisition of Mobil.
- ExxonMobil will buy Texas-based Pioneer for $59.5 billion based on ExxonMobil's closing price on October 5.
- ExxonMobil said the takeover is the company's biggest since the late 1990s acquisition of Mobil by Exxon.
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With cash and aid, Saudi Arabia pursues soft power push in Syria
Saudi Arabia has spent months courting Syria's new leaders, aiming to draw closer a country long dominated by Iran and...
Geostrategy
Company News
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India and Pakistan urged to have ‘maximum restraint’ after Kashmir attack
The United Nations urged India and Pakistan to show "maximum restraint" as the nuclear-armed rivals imposed tit-for-tat diplomatic measures over...
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...
Geostrategy
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...
Business
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Business
Nissan forecasts $5.3bn annual net loss
Last year, it announced 9,000 job cuts worldwide.
- One of the top 10 automakers by unit sales, Nissan is heavily in debt, having trouble selling vehicles in the Chinese market.
- In February, the company had projected a much smaller annual net loss of 80 billion yen ($560 million).
Economy
Trump eyes ‘fair deal’ with China, but path to ending tariff war remains unclear
Trade tensions between the world's two biggest economies have soared as Trump ramped up levies on imports from China this...
- But how soon the tariffs can be lowered "depends on them," Trump said, referring to Beijing, even as he maintained that he gets along "very well" with Chinese President Xi Jinping
- But earlier Wednesday, US Treasury Secretary Scott Bessent told reporters that the two countries are "not yet" talking when it comes to lowering tariffs
Arts & Culture
Cannes film festival says to ‘honour’ slain Gaza photojournalist
Paris, France - The Cannes film festival said Wednesday that the screening of a documentary about Gaza photojournalist Fatima Hassouna...
- The film features conversations between Farsi and Hassouna, 25, as she documents the impact of Israel's devastating war on the Palestinian territory
- Hassouna was killed along with 10 relatives in an air strike on her family home in northern Gaza last Wednesday, the day after the documentary was announced