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
As King Charles hosts Trump, what do UK state visits entail?
London, United Kingdom - US President Donald Trump arrives in the UK late Tuesday for a state visit with his...
Geostrategy
Business
California sues oil giants, alleges environment, climate-risks deception
The US state of California sued five of the world's largest oil companies, alleging the firms caused billions of dollars...
- The suit follows numerous other cases brought by US cities, counties and states against fossil fuel interests over the impact of climate change.
- The suit seeks the creation of an abatement fund to pay for future damages caused by climate disasters in California.
Geostrategy
Turkey accuses Brussels of disinterest in its EU membership
Istanbul, Turkey - President Recep Tayyip Erdogan on Saturday accused the European Union of pulling away from Turkey, whose efforts to...
- "The European Union is trying to distance itself from us," Turkish President Recep Tayyip Erdogan told reporters at Istanbul airport.
- Erdogan has made mending torn ties with Western allies a priority after winning a difficult election in May following years of tensions.
Geostrategy
8 dead, 3 injured in Yemen after lightning, floods
Sanaa, Yemen - Flooding and lightning strikes in Yemen have killed eight civilians, an official and a doctor told AFP on...
- The lightning strikes occurred on Friday in the Al-Layha and Al-Zahra districts of Hodeida governorate on the Red Sea coast.
- Also on Friday, flooding killed one woman and destroyed dozens of homes in the nearby town of Hais, according to an official.
Geostrategy
Egypt jails opposition activist ahead of next year’s presidential polls
CAIRO, EGYPT - An Egyptian court has sentenced prominent dissident Hisham Kassem to six months in prison, his lawyer and political...
- Hisham Kassem was also slapped with about $650 fine after being found guilty of defaming a former minister.
- Kassem’s lawyer Nasser Amin wrote on Facebook that the verdict would be appealed in a court hearing on October 7.
Geostrategy
Iran denounces new Western sanctions on Amini death anniversary
Slamming the new sanctions imposed by the Western countries on the Islamic republic, Iran's foreign ministry spokesman Nasser Kanani termed...
- US sanctions targeted 25 Iranian officials, three media outlets and an internet censorship firm onto their sanctions blacklist
- Last year's Amini protests saw hundreds of people killed, including dozens of security forces, and thousands arrested
Economy
Aid groups warn of outbreak of disease in Libya after floods
Several aid organizations have warned of the outbreak of disease in the port city of Derna, after Sunday's flood submerged...
- Islamic Relief has warned of a second humanitarian crisis from water-borne diseases and shortages of food
- The UN has made an appeal for more than $71 million to assist hundreds of thousands in need
Geostrategy
Europe’s tussle with Big Tech involves dominance, data, disinformation
Paris, France - Irish regulators on Friday handed out a 345-million-euro ($369-million) fine to TikTok over data breaches, part of a...
- Ireland issues the most stringent fines on this front as Dublin hosts the European offices of several big tech firms and data privacy is enforced by local regulators.
- The EU has had little success in getting tech companies to pay more taxes in Europe, where they are accused of funneling profits into low-tax economies.
Geostrategy
Libya flood toll is partly due to years of division, say analysts
TRIPOLI, LIBYA - Over a decade of bloody power battles in Libya have resulted in vital infrastructure falling into disrepair, culminating...
- Libya has been wracked by conflict and division ever since a NATO-backed uprising toppled and killed longtime dictator Moamer Kadhafi in 2011.
- Tripoli-based prime minister blamed the tragedy on the absence of adequate development plans and the "effect of the years" on the dams.
Economy
IMF criticizes Lebanon for failure to adopt reforms
The International Monetary Fund renewed its criticism of Lebanon for failing to enact reforms demanded by creditors in return for...
- In April 2022, Lebanon and the IMF reached conditional agreement on a $3-billion-dollar loan package to bail out the economy.
- But politicians have yet to enact the painful reforms demanded to begin the 46-month financing program.
Geostrategy
Iran seizes two oil tankers and arrests crews for alleged fuel smuggling
Tehran, Iran - Iran has seized two oil tankers allegedly carrying smuggled fuel in the Gulf and arrested their crews, state...
- "The seized tankers... flying the flags of Panama and Tanzania were transporting more than 1.5 million litres (400,000 gallons) of Iranian oil and gas," an official said.
- In recent weeks, the US military has intensified its presence in the Gulf, accusing Iran of seizing vessels, or attempting to, in this shipping lane.
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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
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
Company News
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Turkey accuses Israel of seeking to ‘dynamite’ Syria ‘revolution’
Ankara, Turkey -Turkish President Recep Tayyip Erdogan accused Israel on Friday of sowing divisions in Syria in a bid to...
Geostrategy
Hamas armed wing releases video showing hostage alive
Hamas's armed wing released a video on Saturday showing a hostage alive in Gaza, whom Israeli media widely identified as...
Geostrategy
Accord reached ‘in principle’ over tackling future pandemics: negotiating body
WHO members on Saturday reached agreement over how to tackle future pandemics after three years of discussions, the co-chair of...
Science
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Geostrategy
Trump – oldest elected US president – undergoes physical
Washington, United States - Donald Trump had his first annual medical checkup Friday since returning to power, putting focus on...
- Republican Trump has repeatedly boasted about his own vigor since starting a second term in the White House
- He has mocked his 82-year-old Democratic predecessor Joe Biden as decrepit and mentally unfit for office
Geostrategy
Diplomatic flashpoint: US-Iran nuclear talks amid sanctions, military warnings and mutual suspicion
Iran seeks a "real and fair" agreement with Washington on its nuclear programme, a senior aide to supreme leader Ayatollah...
- Longtime adversaries Iran and the United States are set to hold talks on Saturday aimed at reaching a deal on Tehran's nuclear programme
- US President Donald Trump last month wrote to Khamenei urging negotiations, but warning of possible military action if Iran refuses
Science
Pig kidney removed from US transplant patient, but she set record
Washington, United States - Doctors have had to remove the pig kidney implanted in an American woman after her body...
- Towana Looney, a woman in her fifties from the southern state of Alabama, had received the genetically modified pig kidney on November 25 in New York
- The highly experimental procedure had fueled optimism that animal kidneys might prove a usable source amid a chronic shortage of available human kidneys