Japan political party to install AI leader
The Path to Rebirth party, which was launched in January by Shinji Ishimaru, a former mayor of a small city...
Geostrategy
Elon Musk buys $1 billion in Tesla shares, stock prices go up 6%
New York, United States - CEO Elon Musk bought about $1 billion worth of shares in Tesla, according to a...
Business
India stops processing visas in Canada amid spiralling row over activist’s slaying
Canada's Prime Minister Justin Trudeau has demanded India treat with "utmost seriousness" allegations that Indian agents played a role in...
- The suspension of visas comes a day after India's foreign ministry said it was concerned for the safety of its citizens in Canada because of "politically condoned hate crimes"
- "Threats have particularly targeted Indian diplomats and sections of the Indian community who oppose the anti-India agenda," an Indian ministry statement said Wednesday
Turkey expected to hike interest rate to 20-year high
The mercurial Turkish leader performed one of his trademark policy reversals after winning a difficult re-election in May. The vote...
- Erdogan called high rates "the mother and father of all evil" and spent years pushing the central bank to lower borrowing costs to speed up economic growth
- Inflation rate approached 60 percent in August and is climbing much faster than projected by Erdogan's new economic team of former Wall Street executives
Geostrategy
Israel, Saudi Arabia see progress on ties as Iran sounds warning
Netanyahu, who has had rocky relations with Biden, said he believed a deal was "within our reach" and credited him....
- US President Joe Biden is hoping to transform the Middle East and score an election-year diplomatic victory
- Meeting Israeli Prime Minister Netanyahu in New York, Biden quipped that he had "Irish optimism" on securing a deal with Saudi Arabia
Business
UK to revoke plan to attain net zero emissions by 2050
LONDON, UK- The UK looked set to backtrack on Wednesday on policies aimed at achieving net zero emissions by 2050 with...
- The move comes amid growing concern over the potential financial cost of the government's policies to achieve net zero carbon emissions by mid-century.
- Prime Minister Sunak said while the government was committed to the net zero target, it would try to achieve it "in a better, more proportionate way".
Geostrategy
EU nominates Mahsa Amini and Elon Musk for top rights award
BRUSSELS, BELGIUM- Mahsa Amini, the Iranian Kurdish woman who died in custody a year ago, and billionaire Elon Musk were among...
- The European Parliament's three biggest political groups each backed Mahsa Amini as the recipient for this year's Sakharov Prize.
- The legislature's small far-right bloc was the only one to nominate Elon Musk, the tech titan behind X, the platform formerly known as Twitter.
Science
EU wants to renew herbicide glyphosate for next 10 years
BRUSSELS, BELGIUM - The European Commission is proposing to renew the use of the controversial and widely used herbicide glyphosate in...
- Current authorization expired in December 2022 but was extended by a year pending a scientific study of the herbicide.
- Environmental activists said there was scientific evidence that glyphosate may cause cancer, poison aquatic life.
Geostrategy
Houthi and Saudi engage in ‘positive’ talks
Saudi Arabia and Iran-backed Houthi rebels put a positive spin on the inconclusive talks in Riyadh as diplomatic efforts increased...
- The Saudi-Houthi talks in Riyadh were the latest ray of light for Yemen, which has endured decades of instability.
- Houthi spokesman Mohammed Abdel Salam, who led the delegation, indicated that both sides were looking for solutions.
Geostrategy
Erdogan, Netanyahu meet as Turkey, Israel seek to improve ties
Turkey's President Recep Tayyip Erdogan met in New York with Israeli Prime Minister Benjamin Netanyahu, who said "ties between the...
- Erdogan and Netanyahu also discussed "the latest developments regarding the Israeli-Palestinian conflict".
- The two discussed "regional and international issues, including normalization between Israel and Saudi Arabia".
Business
TotalEnergies, Adani Group set up JV for wind, solar power production in India
PARIS, FRANCE - French firm TotalEnergies and Indian group Adani unveiled plans on Wednesday to create a joint venture to develop wind...
- The JV will include wind and solar assets that Adani Green Energy Limited already operates and is building and developing in India.
- TotalEnergies has been developing renewable electricity production, with 19 GW of installed gross production capacity as of July 2023.
Business
Ex Qantas boss Alan Joyce paid $14m in last financial year
Qantas said some of the former airline chief's pay could be subject to clawback "should the board determine that necessary"....
- In its annual report, the Australian airline Qantas said Joyce's "total pay outcome" for the financial year to June 30, 2023, was Aus$21.4 million
- Qantas said it had withheld the balance of the last financial year's short-term bonuses from its senior executives "while this matter progresses."
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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
Japan political party to install AI leader
The Path to Rebirth party, which was launched in January by Shinji Ishimaru, a former mayor of a small city...
Geostrategy
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Samsung says planning job cuts
Business
Iran’s top diplomat to visit Russia after US nuclear talks
Iran's foreign minister is to visit ally Russia this week to discuss nuclear negotiations with the United States, ahead of...
Geostrategy
Trump envoy says Putin open to ‘permanent peace’ deal with Ukraine
US President Donald Trump's special envoy said Monday that Russian leader Vladimir Putin was open to a "permanent peace" deal...
Geostrategy
Israel offers 45-day ceasefire if Hamas releases half of remaining Gaza hostages
Hamas has informed the mediators that it is willing to agree to any proposal that includes a permanent ceasefire, a...
Geostrategy
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Geostrategy
Qatar to invest $2 billion in Indonesia sovereign wealth fund
Jakarta, Indonesia -- Indonesian President Prabowo Subianto said Qatar is set to invest $2 billion in his country's new sovereign...
- Indonesian President Prabowo Subianto is on a five-nation tour of the Middle East, visiting the UAE, Turkey, Egypt, Qatar and Jordan to boost bilateral ties with the region.
- He said Sunday he had a "productive" meeting with Qatar Emir Sheikh Tamim bin Hamad Al-Thani and that the country would invest in the Danantara Indonesia fund.
Economy
OPEC lowers 2025 oil demand forecast over impact of US tariffs
The Saudi-led oil cartel said in a monthly report that it now expects demand to grow by 1.3 million barrels...
- The Organization of the Petroleum Exporting Countries now sees global demand reaching at total 105.05 million bpd this year.
- Oil prices sank to a four-year low last week, dipping under $60 per barrel over concerns about the impact of President Donald Trump's tariffs.
Geostrategy
China’s exports beat forecast in March despite trade war woes
China said Monday that exports soared 12.4 percent year-on-year last month, beating expectations as Beijing navigated mounting trade headwinds sparked...
- The figure was more than double the 4.6 percent predicted in a Bloomberg survey, though imports during the same period fell 4.3 percent
- China's top leaders last month set an ambitious annual growth target of around five percent, vowing to make domestic demand its main economic driver