Egypt tests Suez Canal extension aimed at boosting vessel capacity
Cairo, Egypt -- Egypt has tested a new 10-kilometre (6.2-mile) extension to the Suez Canal as it tries to minimize the...
Business
Israeli strikes hit Yemen as Netanyahu fires warning
Israeli air strikes pummeled Sanaa's international airport and other targets in Yemen on Thursday, with Huthi rebel media reporting six...
Geostrategy
In Beirut, US envoy says ‘no more time to waste’ on Gaza ceasefire
US envoy Amos Hochstein's Lebanon trip comes a day before ceasefire negotiations between Hamas and Israel are set to resume
- Hochstein and Nabih Berri discussed "the framework agreement that's on the table for a Gaza ceasefire
- Hezbollah has repeatedly said it would only end hostilities once a Gaza ceasefire deal has been reached
Geostrategy
Explosions reported near two ships off Yemen
Two ships reported nearby explosions on Tuesday off the coast of Yemen, maritime security agencies said, though neither event resulted...
- The first vessel was identified as the Liberia-flagged crude oil tanker Delta Atlantica
- The second ship was identified as the Panama-flagged crude oil tanker On Phoenix
Geostrategy
UN, EU and US decry extremist Israeli minister’s prayer at Al-Aqsa
"We are against any efforts to change the status quo within the holy sites," said deputy spokesman Farhan Haq. "Al-Aqsa...
- The EU strongly condemned "the provocations by Israeli Min. Ben Gvir who, during his visit to the Holy Sites, advocated for the violation of the status quo".
- The United States said Ben Gvir had hurt efforts for talks towards a Gaza ceasefire, adding the US stands for historic status quo.
Geostrategy
Israel PM and defence minister clash over Gaza hostage deal
"When Gallant adopts the anti-Israel narrative, he harms the chances of reaching a hostage release deal," Netanyahu said, adding that...
- Gallant was discussing the choice Israel faced between a ceasefire deal that could end the conflicts in the north with Lebanese Hezbollah and in Gaza, and escalating the war
- "I and the defence establishment support the first option," he said, rather than talk of "'total victory' and all that nonsense", a phrase frequently used by Netanyahu
Fitch lowers Israel’s credit rating amid economic strain from Gaza conflict
San Francisco, United States - US credit rating agency Fitch downgraded Israel a notch on Monday, warning that its ongoing conflict...
- Fitch said that the conflict continuing into next year would force Israel to continue its high spending on military
- Israel has also exchanged near-daily cross-border fire with Hezbollah in Lebanon, forcing Israelis to be evacuated from the northern border region
West tells Iran to ‘stand down’ Israel attack threats; Tehran says ‘no way’
With tensions soaring in the Middle East, the United States says that Iran along with its proxies might attack Israel...
- Iran and its Lebanese ally Hezbollah have vowed revenge for the killings of Ismail Haniyeh and Fuad Shukr
- The White House warned that a "significant set of attacks" by Iran and its proxies was possible as soon as this week
Geostrategy
OPEC says Chinese economy pulling down oil demand
Paris, France -- Uncertainty about Chinese economic growth is weighing on global oil demand this year, OPEC said on Monday, leading...
- "The world oil demand growth forecast for 2024 is revised down slightly by 135,00 barrels a day from the previous month’s assessment," OPEC said.
- OPEC blamed the declining prices on "concerns about China's economic performance" as well "as easing geopolitical risk premiums and mixed economic indicators."
Geostrategy
Calls for Gaza truce grow, Hamas wants Biden plan implemented
Biden had said the first phase of the proposed roadmap would include a "full and complete ceasefire" lasting six weeks,...
- The second phase would see the remaining living hostages released as the warring sides negotiate "a permanent end to hostilities", followed by "a major reconstruction plan for Gaza
- Israel has accepted the invitation from the United States, Qatar and Egypt to send negotiators for talks planned for Thursday.
Geostrategy
Yunus says Bangladesh is experiencing a ‘student-led revolution’
Hasina fled by helicopter as protesters flooded Dhaka's streets in a dramatic end to her long rule. Her government was...
- "This is a revolution, a student-led revolution," new interim leader Muhammad Yunus said
- Yunus, 84, arrived back in Bangladesh from Europe on Thursday
Geostrategy
US orders carrier group to hasten Middle East arrival
He said Austin, who spoke with his Israeli counterpart Yoav Gallant on Sunday, had also ordered the USS Georgia guided missile...
- US Defence Secretary Austin ordered the aircraft carrier strike group led by the USS Abraham Lincoln, and equipped with F-35 fighters, to "accelerate its transit" to the region
- The United States announced last week that it was deploying the strike group, as well as additional ballistic missile defense-capable cruisers and destroyers
Egypt tests Suez Canal extension aimed at boosting vessel capacity
Cairo, Egypt -- Egypt has tested a new 10-kilometre (6.2-mile) extension to the Suez Canal as it tries to minimize the...
Business
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Avia to buy 40 Boeing aircraft
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Samsung reshuffles leadership amid challenge in AI chips
Seoul, South Korea - Samsung Electronics reshuffled its leadership on Wednesday as it looks to gain an edge in the production...
Geostrategy
Biden-brokered truce deal halts Israel-Hezbollah war; Netanyahu plans to go full force against Gaza and Iran
Under US-brokered terms, Lebanon's army regains border control, curbing Hezbollah activity, while Israel vows to maintain security operations if threats...
Geostrategy
Israel intensifies attacks before ceasefire deadline as Lebanon seeks “immediate halt”
US president says ceasefire takes effect on Wednesday at 4:00 AM Beirut time, as Lebanese officials accuse Israel of trying...
Geostrategy
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Business
Roche to buy Poseida Therapeutics
The $1.5 billion deal is due to close in early 2025.
- The boards of directors of both companies unanimously approved the deal for Poseida, whose shares had closed on Monday at $2.73.
- Poseida Therapeutics' portfolio notably includes customized cell therapies for hematological cancers, solid tumors and auto-immune diseases.
Geostrategy
EU urges immediate halt to Israel-Hezbollah war as Israeli attacks kill more in Gaza and Lebanon
Israeli attacks have killed dozens in Gaza and Lebanon is the past 24 hours, while EU chief visits Beirut asking...
- Dozens feared killed, including women and children, in Gaza and Lebanon in Israeli attacks in the past 24 hours
- European Union chief says the EU is ready to provide 200 million euros ($208 million) to help bolster the Lebanese armed forces
Geostrategy
Iran denies involvement as UAE arrests three people in rabbi killing case
"This murder was carried out in the UAE. The murder of an Israeli citizen and a Chabad emissary, is an...
- Kogan was a former Israeli army soldier, who served in Israel's Givati Brigade, which is infamous for carrying out violent attacks against Palestinians
- The UAE, which normalized relations with Israel in 2020 alongside other countries including Bahrain and Morocco, has confirmed the arrest of perpetrators