Macron risks Israeli backlash with Palestinian recognition, yet seizes historic chance to reshape Middle East diplomacy
France and the UK will be the first permanent UN Security Council members to recognise a Palestinian state and, along...
Geostrategy
After Japanese Softbank, US Govt, Chip-maker Nvidia to buy stake in rival Intel
Shares in chipmaker Intel skyrocketed on Thursday after AI giant Nvidia announced it would invest $5 billion in its struggling...
Science
Geostrategy
Working to contain Israel-Gaza conflict: Saudi Arabia
Saudi Crown Prince Mohammed bin Salman tells Palestinian President Mahmud Abbas that he was working to prevent an expansion of...
- The crown prince also spoke on the phone with Egyptian president and Jordan's king on the crisis
- According to many analysts, the Saudi-Israel normalisation deal has now been dealt a heavy blow by the fighting
Business
Evergrande shares begin trading
The shares dropped nearly 9 percent at the close of trading.
- Evergrande Vehicle was the last to resume trade, one week later than Evergrande Group and Evergrande Property Services.
- Trading of all three Evergrande companies listed in Hong Kong was halted on September 28, after its founder Xu Jiayin was suspected of illegal crimes.
Geostrategy
Israel imposes total siege on Gaza after Hamas attack
Israel imposed a total siege on the Gaza Strip and cut off the water supply as it kept bombing targets...
- Israeli Prime Minister Benjamin Netanyahu threatened that "what Hamas will experience will be difficult and terrible ... We are going to change the Middle East."
- Israel said it had called up 300,000 army reservists for its "Swords of Iron" campaign.
Geostrategy
American economist Claudia Goldin awarded economics Nobel
The 77-year-old Harvard professor, who is the third woman to be awarded the prestigious economics prize, was given the nod...
- Goldin said the prize was "important", but there are "still large" gender inequalities on the labor market.
- Goldin has "trawled the archives and collected over 200 years of data from the US," the jury said.
Economy
Volunteers search for Afghan quake survivors as aid trickles in
Kashkak, Afghanistan--Afghan villagers and volunteers on Monday helped dig for survivors of a series of earthquakes that killed more than 2,000...
- Although the country's disaster agency said that 2,053 people died, national and local officials gave conflicting counts of the dead and injured
- With winter approaching, the country's Taliban government would face a major challenge to provide shelter to the people displaced by the quake
Geostrategy
OPEC sees no peak in global oil demand on the horizon
In its 2023 annual report, the Organization of the Petroleum Exporting Countries forecasts demand for crude to reach 116 million...
- According to OPEC, whose 13 member states include Saudi Arabia, the Gulf states and Venezuela, oil demand will be driven by emerging and developing nations.
- OPEC also backed developing technological solutions to reduce emissions, such as carbon capture and storage.
Business
Bristol Myers to buy Mirati
The US firm will pay US$4.8bn to acquire cancer drugmaker.
- The companies said in a joint statement that Bristol Myers Squibb will pay $58 per share in cash "for a total equity value of $4.8 billion"
- The statement added that with the acquisition Bristol Myers Squibb will add KRAZATI, an important lung cancer medicine, to its commercial portfolio
Economy
Turkey set to realize long-term goal with bid to host Euro 2032
Turkey missed out to Germany for Euro 2024, with UEFA's evaluation of the bid highlighting concerns about the country's "lack...
- On Tuesday, UEFA's executive committee meets to announce the hosts for the 2028 and 2032 European Championships
- Turkey withdrew its bid to host in 2028 in order to focus all its effort on a united proposal with Italy to stage the tournament
Geostrategy
Death toll soars above 1,100 in Israel’s war with Hamas
Caught unawares by the surprise attack, PM Benjamin Netanyahu has warned Israelis to prepare for a "long and difficult war"...
- At least 413 people have been killed in Gaza in Israeli air strikes on nearly 800 targets in the blockaded and impoverished enclave of 2.3 million people
- According to the Israel Defense Forces, more than 700 Israelis have been killed since Hamas launched its large-scale attack, the country's worst ever losses
Geostrategy
Biden orders ‘additional support’ for Israel: White House
Washington, United States -- US President Joe Biden has ordered "additional support" for Israel after the attack by Palestinian militant group...
- The announcement came after a senior administration official had said on Saturday that high-level discussions between US and Israeli officials on military aid were already underway
- Biden and Vice President Kamala Harris were briefed by national security officials on the situation in Israel early Sunday and will continue to receive updates.
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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
Macron risks Israeli backlash with Palestinian recognition, yet seizes historic chance to reshape Middle East diplomacy
France and the UK will be the first permanent UN Security Council members to recognise a Palestinian state and, along...
Geostrategy
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‘Amazing’ AI de-ages Tom Hanks in new film ‘Here’
Arts & Culture
Abbas urges Hamas to free Gaza hostages as Israeli strikes kill 25
"Hamas has given the criminal occupation excuses to commit its crimes in the Gaza Strip, the most prominent being the...
Business
Germany, France, UK say Israel’s Gaza aid blockade ‘must end’
Germany, France and Britain on Wednesday called on Israel to stop blocking humanitarian aid into Gaza, warning of "an acute...
Geostrategy
Most Read
Arts & Culture
Trump, Zelensky to attend Pope Francis’s funeral Saturday
Pope Francis's funeral will be held on Saturday, the Vatican announced, as world leaders from US President Donald Trump to...
- The Argentine pontiff, 88, died on Monday after a stroke, less than a month after returning home from five weeks in hospital battling double pneumonia
- Francis died in the Casa Santa Marta, the Vatican residence where he lived during his 12-year papacy, and his body was laid out in its chapel on Monday evening
Geostrategy
Iran says technical nuclear meeting with US postponed to Saturday
A technical, expert-level nuclear meeting between Iran and the United States will be held on Saturday, coinciding with the third...
- Iran's foreign ministry spokesman Esmaeil Baqaei said the decision to reschedule the meeting was made following Oman's proposal and the agreement of the Iranian and US delegations
- Western countries including the United States have long accused Iran of seeking to acquire nuclear weapons -- an allegation Tehran has consistently denied
Business
Boeing to sell some assets to Thoma Bravo
The $10.55 bn sale includes portions of digital aviation solutions business.
- The transaction includes Jeppesen, an 81-year-old aviation navigation company that Boeing acquired in 2000.
- Boeing chief executive Kelly Ortberg has described targeted divestitures as a way to improve the company's financial position after a series of losses.