US AI firm Palantir announces joint venture in Dubai
Dubai, United Arab Emirates -- US software firm Palantir launched a joint venture with the Dubai government's investment arm on...
Business
Business
Amazon to cut 30,000 office jobs: media reports
Amazon will lay off tens of thousands of office workers as the e-commerce and tech giant trims costs amid ramped-up...
- The reduction will represent nearly 10 percent of the approximately 350,000 office jobs at Amazon but is reported not to affect the distribution and warehouse workforce
- Amazon chief executive Andy Jassy has lauded the potential of AI to streamline workplace operations, from engaging with customers online to making offices more efficient
Geostrategy
Zohran Mamdani’s rise signals new hope for US democrats searching for a winning formula
Mamdani, a 34-year-old self-described democratic socialist, has developed a plan aimed at luring working-class people and young adults, for whom...
- The Democrats -- shut out of power in the White House and both chambers of Congress -- are seen negatively by 63 percent of US voters, according to a July poll in the Wall Street
- John Kane, a professor of political science at New York University, said the party needs to reconnect with parts of their traditional base, such as lower-income Americans and young
Geostrategy
Erdogan hails Eurofighter jets deal as ‘new symbol’ of strategic ties with Britain
"We regard this step as a new symbol of the strategic relations between our two close allies," he said after...
- "We regard this step as a new symbol of the strategic relations between our two close allies," he said after signing the agreement with visiting British Prime Minister Keir Starmer
- Turkey has been looking to modernise its air force and has been pushing to acquire 40 European-made fighter jet, which are jointly produced by Britain, Germany, Italy and Spain
Geostrategy
Israel insists it calls shots in Gaza despite signing up to a US-brokered ceasefire
Under the terms of a US-brokered ceasefire, as Israeli forces withdraw after the end of two years of brutal fighting...
- Prime Minister Benjamin Netanyahu said Israel would decide for itself where and when to strike its foes and which countries would be allowed to send troops to police the trucehe
- "Israel is an independent state. We will defend ourselves by our own means and we will continue to determine our fate," Netanyahu said. "We do not seek anyone's approval for this."
Geostrategy
Long-shot socialist Mamdani in touching distance of becoming NY mayor
New York, United States - An unknown local lawmaker just a few months ago, leftist Zohran Mamdani has burst onto...
- Since his surprise victory in the Democratic Party primary in June, New Yorkers have become used to seeing his bearded, smiling face on television
- The 34-year-old election frontrunner was born in Uganda to a family of Indian origin and has lived in the United States since he was 7, becoming a naturalized US citizen in 2018
Geostrategy
China hails coming of ‘multipolar world’ ahead of key Trump-Xi talks to avert trade war
Global markets are watching closely to see if Thursday's planned meeting between the two presidents can halt a trade war...
- Global markets are watching closely to see if Thursday's planned meeting between the two presidents can halt a trade war sparked by the sweeping tariffs announced by Trump
- Speaking at a forum in Beijing on Monday, Wang Yi urged "an end to politicising economic and trade issues, artificially fragmenting global markets, and resorting to trade wars
Geostrategy
Trump starts key Asian tour with deals ahead of China meet
Trump rewarded Cambodia and Thailand with trade deals after co-signing their ceasefire pact, and saying he was confident of a...
- Trump met Qatar's leaders -- among the guarantors of the Gaza ceasefire deal he spearheaded -- during a refueling stop.
- As he left Washington, Trump added to speculation that he could meet North Korean leader Kim Jong Un for the first time since 2019 while on the Korean peninsula.
Geostrategy
Nigeria refinery aims to be world’s biggest with expansion
Lagos, Nigeria -- Nigeria's Dangote oil refinery, already the largest in Africa, aims to become the biggest in the world...
- "We are more than doubling the barrels... to 1.4 million from 650,000," said Aliko Dangote, a Nigerian businessman who is Africa's richest person.
- The Dangote refinery has sparked monopoly fears as it becomes a powerful player itself.
Geostrategy
US treasury secretary signals deal to ease trade war with China
Washington, United States -- US Treasury Secretary Scott Bessent on Sunday signaled a tentative deal with China to de-escalate their...
- Scott Bessent said the US threat of a 100% tariff hike on Chinese goods had effectively been taken off the table in exchange for Beijing deferring curbs on its rare earth exports.
- The secretary's remarks came as Trump kicked off an Asia tour in Kuala Lumpur that will culminate in a sitdown with Xi in South Korea.
Geostrategy
TotalEnergies approves restart of $20-bn Mozambique gas project
Paris, France -- France's TotalEnergies said Saturday the consortium it leads to build a $20-billion liquified natural gas project in...
- The Mozambique LNG project, the largest private investment in Africa's energy infrastructure, is expected to generate thousands of jobs.
- Work was frozen after militants launched a deadly attack on the site of the project near the Tanzanian border in March 2021, resulting in around 800 deaths.
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Beyonce, Jay-Z, Grande, and Billie Eilish shortlisted for Oscar
Iran's Asghar Farhad is among a select group of auteurs to have won multiple foreign film Oscars previously again makes...
Tunisia’s president announces constitutional referendum
Kais Saied presented a roadmap for restoring democratic institutions, and announced a nationwide public consultation from January 1 until March...
IMF says Omicron could slow global growth
According to the economists, Omicron's threat to economy will likely be less severe than the previous waves.
OPEC+ looks set to further hike oil output
Geostrategy
Iran vows to rebuild nuclear sites ‘stronger than before’
"By destroying buildings... we will not be set back," said Iranian President Masoud Pezeshkian, in a visit to the country's...
Geostrategy
High price of gold inspires new rush in California
El Dorado Hills, United States -- Matt James has collected gold nuggets for years from the hills and riverbeds of...
Business
OPEC+ looks set to further hike oil output
Since April, the V8 group -- comprising Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman...
Geostrategy
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Geostrategy
UN Security Council backs Morocco plan for W. Sahara autonomy
The UN Security Council voted Friday in favor of a resolution backing Morocco's autonomy plan for Western Sahara as the...
- Western Sahara is a vast mineral-rich former Spanish colony that is largely controlled by Morocco but has been claimed for decades by the pro-independence Polisario Front
- The Security Council had previously urged Morocco, the Polisario Front, Algeria and Mauritania to resume talks to reach a broad agreement
Geostrategy
Unexploded bombs haunt Gazans, posing deadly risk as fragile truce halts demining efforts in ruins
After two years of war, the ruined cities of Gaza, a densely packed territory home to more than two million...
- After two years of war, the ruined cities of Gaza, a densely packed territory home to more than two million Palestinians, are littered with military debris
- In the streets of Gaza City, children play with rocket parts and the tail fins of mortar shells, oblivious to or unbothered by the danger
Business
AI giants turn to massive debt to finance tech race
New York, United States -- Meta raised $30 billion in debt on Thursday, as tech giants flush with cash turn...
- Meta raised $30 billion in debt and demand for its bonds was reportedly four times greater than supply.
- The $30 billion in bonds scheduled to be repaid over the course of decades is intended to provide money to continue a breakneck pace of AI development.