Over 1.4 billion accounts hacked monthly worldwide: Cyber Security Council
Abu Dhabi, UAE -- The UAE Cyber Security Council (CSC) has warned of growing risks linked to users’ digital footprints,...
Geostrategy
US Fed poised for first rate cut of 2025 as political tension mounts
The Fed's likely move would follow a monthslong push from President Donald Trump to slash rates, and comes amid growing...
Economy
Business
ADNOC looks to buy Covestro
The German firm will hold "open-ended" talks with ADNOC.
- ADNOC said in mid-August that it was willing to make a new improved proposal to Covestro of $12.4 billion if it would get talks moving
- The talks between the two come as the vital German chemicals industry, which accounts for about five percent of the country's GDP, is gripped by crisis
Economy
Data, rail, electricity key focus as G20 eyes EU-Middle East-India trade plan
Major G20 partners are set to unveil ambitious plans on Saturday to enhance trade among India, the Middle East, and...
- Washington, Saudi Arabia, the EU, the United Arab Emirates and others will sign the deal on the sidelines of the G20 summit in New Delhi
- Washington actively prods Riyadh - a major oil producer and security partner - to normalize ties with Israel after decades of conflict and closed borders
Geostrategy
African Union formally joins G20 at Delhi summit
New Delhi, India - The African Union joined the Group of 20 leading economies at its summit on Saturday, enhancing...
- The expansion of the bloc is a notable diplomatic victory for Modi, who faces national elections next year
- Modi has used hosting rights for this year's forum to burnish his image as an international statesman
Geostrategy
Saudi Crown Prince arrives in India for G20 summit
His visit comes at a time when Washington is actively engaging with the kingdom, encouraging it to normalize ties with...
- The head of the Arab world's largest economy was greeted on the tarmac in New Delhi by a troupe of women dancing to folk music
- He is expected to sign an infrastructure agreement with the United States and other G20 members to explore the building of a rail and shipping network
Geostrategy
West blocked Russian assets worth $280bn, says US treasury
Washington, US - The REPO (Russian Elites, Proxies and Oligarchs) task force, set up to search and freeze Russia-related assets, estimates the...
- “The total value of assets is estimated at around $280 billion, the majority of which is held in the European Union,” the US Department of the Treasury said.
- Reportedly, the task force has completed its “initial effort to map and account for Russian sovereign assets that are immobilized and held in REPO member jurisdictions".
Geostrategy
World falling dangerously short of climate goals: UN report
Paris, France - A world facing catastrophic climate change is perilously off course in meeting goals for slashing carbon pollution and...
- Global greenhouse gas emissions must peak by 2025 and drop sharply thereafter to keep the 1.5C target in view, the so-called stocktake said.
- "Scaling up renewable energy and phasing out all unabated fossil fuels are indispensable elements of just energy transitions to net zero emissions," it said.
Geostrategy
African Union set to become G20 member with US, EU backing
"I look forward to welcoming the AU as a permanent member of the G20", European Council president Charles Michel told...
- G20 host and Indian Prime Minister Narendra Modi has called for the pan-African organization to become a permanent member.
- The proposal has won backing from Washington and on Friday the European Union said it would also back the move.
Geostrategy
Tunisia authorities have repressed freedoms, says Journalists union
Jelassi argued that such "methodical censorship" aims to remove the voices of the opposition or civil society organizations from broadcasts...
- Mehdi Jelassi, head of SNJT union said the freedom of the press is increasingly repressed and the authorities are adopting a policy of lockdown and censorship.
- The syndicate also denounced "intimidation" of journalists through judicial prosecution and interrogations that are "purely political".
Geostrategy
20 injured in clashes at Palestinian refugee camp in Lebanon
An AFP correspondent in Sidon reported the sound of intermittent automatic weapon fire and rocket launchers emanating from within the...
- The fighting pitted members of Palestinian president Mahmud Abbas's Fatah movement against Islamist militants
- Dozens of families with children fled on Thursday evening from the camp's northern end where the clashes were concentrated
Arts & Culture
Saudi clubs spent $875.4m on new players from June 1- Sept 1, says FIFA
Spending by Saudi Arabian football clubs in the transfer window just closed was second only to that by teams in...
- Much of the Saudi Pro League's business was done with English Premier League clubs, which received $698 million in overseas transfer fees.
- The Pro League's net spend, deducting money received from selling players, was $907 million, placing it behind Premier League's net spend of $1.39 billion.
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Over 1.4 billion accounts hacked monthly worldwide: Cyber Security Council
Abu Dhabi, UAE -- The UAE Cyber Security Council (CSC) has warned of growing risks linked to users’ digital footprints,...
Geostrategy
Company News
Boeing lifts wage hike to 30%
Business
Latest News
Amid Israeli warning of military action, Iran says deal can be reached if US shows goodwill
Trump made the surprise announcement that his administration would open talks with Iran during a White House meeting on Monday...
Geostrategy
After Instagram restrictions, Meta to introduce teen accounts for Facebook
Paris, France -- Meta on Tuesday announced that it was extending its teen accounts to its social network Facebook, after...
Geostrategy
Borouge to increase dividend from 2025
The company okayed $650 million final dividend for 2024.
Business
Most Read
Economy
China vows ‘fight to the end’ as Trump warns 50% more tariffs
China vowed on Tuesday to "fight to the end" against fresh tariffs of 50 percent threatened by US President Donald...
- Trump upended the world economy last week with sweeping tariffs that have raised the spectre of an international recession
- Beijing, Washington's major economic rival, responded by announcing its own 34 percent duties on US goods to come into effect on Thursday
Geostrategy
Netanyahu meets Trump for tariff and Gaza talks
Israeli Prime Minister Benjamin Netanyahu met Donald Trump at the White House on Monday, becoming the first foreign leader to...
- Netanyahu and Trump are also set to discuss Gaza, where a short-lived US-brokered truce between Israel and Hamas has collapsed, and growing tensions with Iran
- Trump greeted Netanyahu outside the West Wing and pumped his fist, before the two leaders went inside for a meeting in the Oval Office.
Geostrategy
PA alone must be in charge of post-war Gaza, say France, Egypt and Jordan
Cairo, Egypt -- The leaders of France, Egypt and Jordan on Monday said the Palestinian Authority alone must be in...
- French President Emmanuel Macron earlier said that Palestinian group Hamas should have no role in governing the Gaza Strip once its war with Israel is over.
- King Abdullah stressed the need for "a just and comprehensive peace based on the two-state solution", a Palestinian state alongside Israel.