Palestinian factions hand over weapons in largest Lebanon refugee camp
Palestinian factions handed over weapons from Lebanon's largest refugee camp on Saturday, a Palestinian official said, as part of a...
Geostrategy
Jailed Istanbul mayor in court over ‘falsified degree’
Istanbul's jailed opposition mayor Ekrem Imamoglu went on trial Friday on charges of falsifying his university degree.
Geostrategy
Business
Moody’s lowers Country Garden credit ratings
Beijing, China - Moody's further downgraded the credit ratings of Chinese property developer Country Garden on Thursday as the heavily indebted...
- Moody's said it had cut Country Garden from Caa1 to Ca, indicating obligations that are "highly speculative and are likely in, or very near, default"
- The Chinese firm is estimated to "not have sufficient internal cash sources to address its upcoming offshore bond maturity", according to Moody's
Geostrategy
Turkey asks Russia to renew grain deal for global food security
Moscow, Russia - Turkey's foreign minister said on a visit to Moscow on Thursday that reviving a deal to ship Ukrainian...
- "We underlined its critical role for global food security and stability in the Black Sea," Turkish Foreign Minister Hakan Fidan said
- Fidan was in Moscow to prepare an informal summit between Turkish President Recep Tayyip Erdogan and Vladimir Putin in Russia
Business
Lavoie buys e-bike firm VanMoof
The cost of the acquisition has not been specified.
- VanMoof's bikes, which are sold in 20 countries, are known for their sleek, simplistic design with a battery hidden in the frame.
- VanMoof had raised $128 million in September 2021 in an effort to expand as it rode a boom in the e-bike sector.
Geostrategy
Iraqi security forces seize 15 tons of illegal drugs and precursor chemicals
War-scarred Iraq, originally mainly a drug transit country, has faced an explosion in narcotics use in recent years, mainly of...
- They said the chemical components confiscated in Baghdad are used to manufacture crystal meth and captagon.
- The drug squad made the seizure in an upscale neighborhood of the capital, the interior ministry said in a statement.
Economy
Eurozone inflation unchanged at 5.3% in Aug as energy prices drop
Brussels, Belgium - The annual rate of inflation in the eurozone remained unchanged in August as there was a smaller drop...
- Consumer prices reached 5.3 percent in August, although there was also a slowdown in the rise of food and drinks costs.
- Core inflation, which strips out volatile energy, food, alcohol and tobacco prices, was down slightly to 5.3 percent in August.
Business
Microsoft bows to EU competition concerns over Teams
In a bid to address the concerns, Microsoft will unbundle Teams from its Microsoft 365 and Office 365 suites in...
- EU Commission launched the investigation in July to see whether the US tech giant was "abusing and defending its market position" by bundling the software together
- Microsoft bundles Teams with its cloud-based Office 365 and Microsoft 365 suites, which include its popular Word, Excel, Powerpoint and Excel programmes
Economy
In China, Baidu leads public rollout of AI chatbots
China issued new regulations this month for the country's AI developers that maintain the government's tight control on information while...
- Chinese generative AI apps must "adhere to the core values of socialism" and refrain from threatening national security
- By making ERNIE widely available, Baidu will be able to gain "massive" human feedback to improve the app at a swift pace
Israeli soldier, Palestinian attacker killed in West Bank truck ramming
Israel's defence ministry said its security personnel at the Hashmonaim checkpoint were informed by the army that the truck was...
- Thursday's attack comes a day after a 14-year-old Palestinian stabbed a civilian at a light rail station in Jerusalem
- The truck driver was a 41-year-old Palestinian from the West Bank with a work permit for Israel, Avi Biton, head of police central command
UBS gives peek at operations after Credit Suisse merger
Analysts have said UBS's own operating results will surely "take a backseat" to interest in how the integration process is...
- UBS's second-quarter income statement will mark the first results presented since the mega-merger that rocked Swiss banking earlier this year
- Investors and employees alike are also eager for clues as to the fate of Credit Suisse's Swiss division, as well as what level of job cuts to expect
‘Bigger than basketball’: South Sudan win hearts, minds at World Cup
Captain Kuany Ngor Kuany, who was born in South Sudan but moved to Australia as a nine-year-old, said the tournament...
- South Sudan are competing at the Basketball World Cup, currently taking place in the Philippines, Japan and Indonesia, and have won plaudits for their dynamic play
- Playing in the tournament for the first time, they pulled off a historic win when they beat basketball-obsessed China 89-69 in their second game
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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
Palestinian factions hand over weapons in largest Lebanon refugee camp
Palestinian factions handed over weapons from Lebanon's largest refugee camp on Saturday, a Palestinian official said, as part of a...
Geostrategy
Company News
Latest News
Trump defiant as tariffs send world markets into panic
Wall Street led a global markets bloodbath Thursday as countries around the world reeled from President Donald Trump's trade war,...
Economy
Macron, on Egypt visit, to go near Gaza to show support for ceasefire
French President Emmanuel Macron will go to an Egyptian port near the Gaza Strip next week to highlight concerns over...
Geostrategy
Trump’s tariffs on allies, China could shrink global merchandise trade volumes 1% in 2025, warns WTO
After Trump on Wednesday unveiled a blitz of harsher-than-expected levies aimed at countries around the globe, Ngozi Okonjo-Iweala warned the measures...
Economy
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Geostrategy
Gaza rescuers say 25 killed in Israeli strike on school-turned-shelter
Gaza civil defense spokesman Mahmud Bassal told AFP more than 100 others wounded in the strike on Dar al-Arqam School...
- The Israeli military has in recent days issued a number of evacuation orders to residents in northern neighborhoods of the Gaza Strip.
- On Monday, it told those living in all areas of the southern city of Rafah and parts of nearby Khan Yunis to leave.
Economy
Trump stings friends and foes alike in his tariffs war, countries eye trade talks
The tariff announcements rattled stock markets while safe haven gold hit a new record high, oil prices fell and the...
- China demanded that the tariffs be "immediately cancelled" and vowed "countermeasures", while France and Germany warned that the EU could hit US tech firms.
- But EU and other countries also showed willingness to negotiate as they refrained from immediate retaliatory measures, with almost a week until the harsher US levies take effect.
Economy
China says opposes new US tariffs, vows ‘countermeasures’
China on Thursday said it "firmly opposes" sweeping new US tariffs on its exports and vowed "countermeasures to safeguard its...
- US President Donald Trump has ignited a potentially ruinous global trade war after imposing 10 percent levies on imports from around the world
- Beijing responded to those tariffs with levies of up to 15 percent on a range of US agricultural goods including soybeans, pork and chicken