Russian drones in Poland put NATO to the test
The intrusion of Russian drones into Poland -- whether deliberate, as Ukraine's European allies contend, or accidental -- is a...
Geostrategy
Geostrategy
Russia blames Poland, Finland for ‘threats’ on western border
Moscow, Russia - Moscow accused Poland and Finland of threatening its security on Wednesday and vowed a response to multiplying "threats"...
- Threats to security of Russia have multiplied in west and northwest, Russian defense minister said.
- He singled out Poland, which he said was being "militarized" and used by the United States "as the main instrument of anti-Russian politics".
Arts & Culture
Japan’s second-oldest museum forced to crowdfund to pay bills
The museum in central Tokyo, which features a model of a blue whale outside, has previously turned to crowdfunding for...
- The head of the 146-year-old museum, Kenichi Shinoda, said in a video announcing the crowdfunding on Monday that they wanted to save the museum's collections.
- More than 30,000 people have donated a total of 480 million yen to the National Museum of Nature and Science in Tokyo, easily surpassing the 100-million-yen target.
Geostrategy
Saudi embassy in Iran resumes work after seven years
Iran and Saudi Arabia agreed to resume diplomatic relations and reopen their respective embassies following a China-brokered deal announced in...
- Iranian media had previously attributed the delay in reopening the Saudi embassy to the poor condition of the building which was damaged during the 2016 protests.
- The reports said Saudi diplomats would work from a luxury hotel in the Iranian capital pending the completion of the works.
Geostrategy
UK strikes deal with Turkey to tackle illegal migration
London announced the plan late Tuesday as part of its attempts to reduce illegal migration to the UK, a key...
- The United Kingdom will deploy more officers in Turkey to disrupt the criminal gangs who run the illegal migration routes
- The new plan will feature heavily at the upcoming UK-Turkey Migration Dialogue meeting, due to take place in London later this year
Business
Sony hikes sales and profit forecasts on strong music business
The Japanese electronics-to-entertainment conglomerate said its annual net profit for the year to March 2024 should reach 860 billion yen...
- Sony's music segment was seen enjoying both stronger sales and a one-off accounting gain related to a subsidiary, Japanese electronics-to-entertainment conglomerate said
- For three months to June, Sony said its net profit fell 16.7 percent to 217.9 billion yen, as losses in the financial and movies businesses overwhelmed strong gains on music side
The squalid camps where Syria war displaced languish
While living and hygiene conditions can be dire even in official displacement camps, the situation in informal settlements is sometimes...
- Only 16 camps, housing around 150,000 people, are formally recognized and have access to international aid
- Residents spend their days scavenging the rubbish tip for anything of value, such as scrap metal and bits of plastic
Business
Germany leads Europe push to boost chip manufacturing
Paris, France -- Taiwanese chipmaker TSMC agreed Tuesday on a multibillion-dollar deal to build a plant in Germany, part of a...
- Taiwanese chipmaker TSMC agreed Tuesday on a multibillion-dollar deal to build a plant in Germany.
- US firms accounted for 48% of the global industry, South Korea second and Europe third.
Business
US trade deficit narrows in June on bigger imports pullback
Washington, United States - The US trade deficit narrowed in June on a bigger pullback in imports than exports, according to...
- The overall trade gap came in at $65.5 billion in June, down from a revised $68.3 billion figure in May, Commerce Department data showed.
- While stronger than expected consumer spending has helped to boost US trade, analysts have noted that this could weaken going forward.
Business
Norway to fine Meta $100,000 a day for flouting user data ban
Oslo, Norway - Norway's data protection agency said Tuesday it would start fining Facebook and Instagram owner Meta nearly $100,000 per...
- Norwegian watchdog Datatilsynet announced the ban on July 17 and originally said that Meta had until August 4 to take corrective measures.
- "Meta's behavioral advertising entails intrusive surveillance of its users, negatively impacting their right to data protection," Datatilsynet head Tobias Judin said.
Business
SoftBank Group Q1 loss $3bn
The investment giant was hit by a drop in the share prices of major holdings.
- The firm has made huge bets to find and grow hot new tech ventures around the world, but that has left its earnings vulnerable to market forces.
- The company suffered investment losses "due to declines in the share prices of Alibaba, Deutsche Telekom, and T-Mobile US.
Most Read
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
Russian drones in Poland put NATO to the test
The intrusion of Russian drones into Poland -- whether deliberate, as Ukraine's European allies contend, or accidental -- is a...
Geostrategy
Company News
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Syria slams ‘flagrant’ Israeli violation after deadly bombardment
Syria slammed Israeli attacks as a "flagrant violation" of its sovereignty after deadly bombardment Tuesday in the country's south, where...
Geostrategy
Houthi PC small group’ leak: Probe underway after sensitive info exposure
The breach became public on Monday after The Atlantic magazine's editor-in-chief Jeffrey Goldberg published an article recounting how he was...
Geostrategy
Saudi Arabia draw with Japan to keep World Cup hopes alive
Saitama, Japan -- Saudi Arabia battled to a 0-0 away draw with already qualified Japan on Tuesday to keep their...
Arts & Culture
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Business
Samsung TV pioneer Han Jong-hee dies of heart attack at 63
Samsung Electronics co-CEO Han Jong-hee, credited with boosting the South Korean tech giant's television business on the global stage, died...
- Han joined Samsung in 1988 and was seen as having played a key role in getting its high-end TV sets noticed worldwide
- Samsung Electronics is the flagship subsidiary of South Korean giant Samsung group, by far the largest of the family-controlled conglomerates
Geostrategy
Trump admin sent journalist classified US plan for Yemen strikes
A US journalist was inadvertently included in a group chat in which Defense Secretary Pete Hegseth, Vice President JD Vance...
- The Atlantic magazine's editor-in-chief Jeffrey Goldberg wrote that he had hours of advance notice of Yemen strikes via the group chat on Signal
- Defence Secretary Hegseth, a former Fox News host with no experience running a huge organization like the Pentagon, took no responsibility for the security breach
Geostrategy
US, Russia negotiations on partial Ukraine ceasefire end after 12 hours in Saudi Arabia
The US-Ukraine and US-Russia talks were originally planned to take place simultaneously to enable shuttle diplomacy, with the United States...
- With Ukrainian negotiators waiting nearby, a day after they sat down with the US team, the Americans and Russians met in Riyadh with a Black Sea ceasefire top of the agenda
- US President Donald Trump is pushing for a rapid end to the three-year war and hopes the latest round of talks will pave the way for a breakthrough