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
Suspect in Charlie Kirk killing caught, widow vows to carry on fight
The widow of prominent right-wing activist Charlie Kirk pledged Friday to carry on her husband's work, after US authorities announced...
Geostrategy
Geostrategy
Israel and Bahrain agree to increase trade volume, boost tourism
"The foreign minister and I agreed that we should work together to increase the number of direct flights, the tourism,...
- Israeli Foreign Minister Cohen arrived in Bahrain on Sunday, accompanied by a business delegation of more than 30 companies.
- Earlier on Monday, he met Crown Prince Salman bin Hamad Al-Khalifa and discussed "the importance of advancing a free trade agreement".
Geostrategy
Saudi and Iran to resume home-and-away matches: AFC
The move by the two countries' football federations would contribute to "fostering closer ties between their respective footballing communities, allowing...
- Saudi Arabia and Iran severed ties in 2016 after Saudi diplomatic missions in Iran were attacked during protests over Riyadh's execution of Shiite cleric Nimr al-Nimr.
- The AFC then decided that football matches between the two countries would take place on neutral ground, an arrangement it described at the time as "most unfortunate".
Economy
Half of large Swiss firms have faced cyberattacks: study
The study showed a correlation between the size of a company and the risk of cyberattacks. Based on a survey...
- A full 45 percent of companies in Switzerland counting 250 employees or more have already been hit by at least one cyberattack
- Florian Schutz, who is in charge of implementing Switzerland's national cyber protection strategy, said that "all companies are at risk"
Business
Tesla, Chinese EV brands jostle for limelight at German fair
Chancellor Olaf Scholz will officially inaugurate the IAA mobility show, held in Germany every two years, on Tuesday. But Monday's...
- The industry-wide shift towards electric vehicles will be front and centre at this week's fair, with Chinese carmakers out in force as they eye the European market
- US electric car pioneer Tesla, owned by Elon Musk, will return to the IAA for the first time since 2013 and is expected to unveil a revamped version of its mass-market Model 3
Geostrategy
Israeli foreign minister in Bahrain for official talks
Cohen's trip comes less than two weeks before the third anniversary of the accords in mid-September. Despite now having steady...
- Eli Cohen was accompanied by a political and commercial delegation, and is scheduled to meet Bahrain's king as well as his counterpart in Manama during the two-day trip
- It is his first official visit to one of the signatories of the 2020 US-brokered Abraham Accords, which saw Israel normalise relations with Bahrain, the UAE and Morocco
Geostrategy
Clashes between army and Turkey-backed rebels in Syria kill 23
The clashes broke out after pro-Ankara rebels tried to infiltrate Kurdish-held northeast Syria, killing 23 people, a war monitor said....
- Turkey has launched many incursions against Kurdish forces in northern Syria since 2016
- Kurdish authorities manage areas under their control through local civilian and military councils
Business
Improving power situation in Libya brightens life
Till last year, outages could last 20 hours, turning the streets dark and leaving residents sweltering in temperatures above 40...
- Chronic electricity shortages had shaped the daily lives of Libyans since the fall of Moamer Kadhafi in a NATO-backed 2011 uprising.
- A decade of stop-start fighting between rival groups followed, adding combat damage and looting to the dilapidated grid in Libya.
White House race overshadows Biden visit to Florida hurricane zone
Large trees, broken limbs and tattered signs littered the side of the motorcade route, a testament to the power of...
- DeSantis' office told US media on Friday the security requirements of a presidential visit would cause too much disruption to recovery efforts
- Biden visited the city of Live Oak on Saturday, surveying damage via helicopter before meeting first responders and local officials at an elementary school
Geostrategy
UK unveils plans for ‘fitting tribute’ to Queen Elizabeth II
Senior royal, political and other figures and experts are set to be appointed to the committee to develop ideas and...
- The "fitting tribute" to Britain's longest-reigning monarch will be unveiled to coincide with what would have been her 100th birthday
- A newly-formed entity will consider and recommend proposals for the memorial and legacy programme, government department said
Business
Two convictions in FIFA corruption scandal overturned by US judge
Miami, United States--Two convictions in the FIFA corruption case have been overturned by a US federal judge citing a recent Supreme...
- The investigation, including raids on FIFA officials in Zurich, resulted in a series of arrests and trails and subsequent charges, convictions and guilty pleas
- In a ruling on Friday, US district Judge Pamela Chen said a May Supreme Court decision meant that the convictions for wire fraud could not stand
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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
Company News
Latest News
Syrian government says studying Amnesty report on massacres
Syria's government said late Friday it was "closely following" the findings of a new Amnesty International report urging an investigation...
Geostrategy
Trump’s global tariff takes effect in dramatic US trade shift
US President Donald Trump's widest-ranging tariffs to date took effect Saturday, in a move which could trigger retaliation and escalating...
Economy
‘I don’t have a voice in my head’: Life with no inner monologue
Paris, France - Mel May only realised she was different while reading a news article one day. "Wait, what? Some...
Science
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Geostrategy
Nations divided ahead of decisive week for shipping emissions
London, United Kingdom -- Members of the International Maritime Organization (IMO) are divided over whether to approve a carbon tax on...
- The carbon tax, the most ambitious measure on the table, would make it more expensive for shipping companies to emit greenhouse gases, encouraging them to curtail emissions.
- But some member states, including China and Brazil, are proposing other measures, arguing the carbon levy would increase the cost of goods and contribute to food insecurity.
Business
TikTok’s US future uncertain
It must find non-Chinese owner to avoid ban.
- In the hours before that deadline, TikTok temporarily shut down in the United States and disappeared from app stores, to the dismay of millions of users.
- Much of TikTok's US activity is already housed on Oracle servers, and the company's chairman, Larry Ellison, is a longtime Trump ally.
Business
Pausing production, raising prices: Automakers shift gears after Trump tariffs
Paris, France -- Automakers have already started to adapt to the 25-percent tariff imposed on car imports by US President...
- Bank of America estimates that some 7.3 million vehicles, or eight percent of global auto sales, will get hit by the tariff.
- Trump has stated that the goal of the tariffs is to encourage manufacturing jobs to return to the United States, but it is unclear whether that will be achieved.