Stocks climb eyeing US rate cut, political turbulence
A steep downward revision to US job creation cemented expectations that the Federal Reserve would begin lowering its benchmark rate...
Business
Economy
Turkish inflation surges in July at 47.83 percent
The new figure comes as Turkey radically shifts its policies since the May election that includes an end to more...
- The official rate had been steadily dropping since reaching a more than two-decade high of 85 percent in October last year
- The consumer prices skyrocketed by almost 9.5 percent on a month-on-month basis, according to the TUIK state statics agency
Will keep spending money to attract biggest names: Saudi League executive
British director Peter Hutton, who sits on the league's board, told the BBC: "I think the budgets are in place...
- Clubs in the oil-rich Gulf state have lured global stars, with Karim Benzema, Jordan Henderson and Sadio Mane among those following in Cristiano Ronaldo's footsteps
- Last month Al-Hilal made a $328 million bid for Kylian Mbappe, though the Paris Saint-Germain striker reportedly refused to meet with officials from the club
Business
Lufthansa profit soars
The German airline's net profit climbed to US$964m in Q1.
- The airline's positive results were driven by surging demand for flights as well as a rise in ticket prices
- It was hit hard by pandemic border closures, and had to be bailed out by the German government
Geostrategy
Saudi Arabia, Kuwait reject Iran claims to disputed gas field
Both Saudi Arabia and Kuwait renewed "their previous and repeated calls to the Islamic Republic of Iran to negotiate" the...
- The offshore field has long been focal point of contention between Saudi Arabia, Kuwait and Iran
- Kuwaiti and Saudi authorities said that "they alone have full sovereign rights to exploit the wealth in that area"
Business
Kenya suspends Worldcoin crypto over privacy concerns
Users who registered with the Worldcoin cryptoproject in Kenya were offered 25 free Worldcoin tokens worth about 7,000 shillings ($45),...
- The Worldcoin Foundation said demand for a World ID in Kenya had been "overwhelming" and as a precaution, verification services had been "temporarily paused"
- Kenya has been battling soaring inflation and a jobs crisis, particularly among the young, prompting many people to flock to register with Worldcoin in exchange for cash
Extensive war crimes being committed in Sudan: Amnesty
Amnesty said scores of women and girls, some as young as 12, have been subjected to sexual violence, including rape,...
- Amnesty International said that the crimes committed by the warring parties included sexual violence against girls as young as 12 and the indiscriminate targeting of civilians
- For its report, Amnesty said it had interviewed more than 180 people, primarily in eastern Chad where refugees from Darfur have fled, or remotely via secure calls
X, the former Twitter, lets users hide once-vaunted blue check
Blue ticks, long free at Twitter, were intended to signal the identity of certain users -- such as journalists, celebrities...
- A coveted status symbol at Twitter before Musk;s takeover, the blue checks have been mocked by some as a sign that the user is willing to pay for special treatment
- Other paid-for features, such as posts longer 280 characters, may still allow other users to identify a Blue subscriber even if their blue tick has been hidden
Geostrategy
Saudi Arabia detains US citizen’s relatives, says rights group
Dubai, UAE - Human rights groups have accused Saudi Arabia of detaining five relatives of a US citizen who pursued a...
- The five detainees appeared briefly on Monday at the Specialized Criminal Court in Riyadh, which was established in 2008 to try terrorism cases.
- A judge read out the names of all five but did not disclose whether they had been charged with anything or set a date for a new hearing.
Geostrategy
Iran guards launch naval drills near Gulf islands claimed by UAE
Tehran, Iran - Iran's Revolutionary Guards launched naval drills on Wednesday near strategic Gulf islands controlled by Iran but claimed by...
- "The Islamic Revolutionary Guard Corps naval exercise started Wednesday morning for the defense of the Iranian islands in the Persian Gulf," said reports.
- The three islands are located near the Strait of Hormuz, the vital sea passage between the Gulf and the open ocean through which a fifth of world oil output passes.
Geostrategy
In a warming world, is an air-conditioned future inevitable?
Washington, United States - They are ubiquitous in the United States, controversial in Europe and coveted in South Asia. As heatwaves...
- Air conditioning is responsible for the emission of approximately one billion metric tons of carbon dioxide per year, according to the International Energy Agency (IEA).
- The number of air conditioners in the world, about two billion today, is set to skyrocket as temperatures and incomes rise.
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Fatah urges Hamas to cede power to safeguard ‘Palestinians’ existence’
Gaza City, Palestinian Territories -- Palestinian president Mahmud Abbas's Fatah movement called on Hamas on Saturday to relinquish power in...
Geostrategy
Perplexity eyes TikTok buy
TikTok faces a deadline to divest from its Chinese owner or be banned in the US.
Business
Russia hopes for ‘progress’ at upcoming Saudi talks: negotiator
Moscow has rejected a joint US-Ukraine proposal of a full and unconditional 30-day ceasefire, instead suggesting just to halt aerial...
Geostrategy
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Business
Trump awards next-generation F-47 fighter jet contract to Boeing
US President Donald Trump announced Friday that Boeing has been awarded a major contract for the Air Force's high-tech next-generation...
- The contract is aimed at continuing the development of the replacement for the F-22 stealth warplane
- The announcement is a boon for Boeing, which faced a difficult last year in which it struggled with a lengthy labor strike and safety problems
Economy
Heathrow to resume some flights after power station fire
London's Heathrow Airport said it would resume "some flights" later Friday after a fire at a power station grounded planes...
- The electricity substation fire late on Thursday shut down the airport, leading to the cancellation or diversion of hundreds of flight
- Around 230,000 passengers use Heathrow every day -- 83 million a year -- making it one of the world's busiest airports
Geostrategy
UN warns of ‘massive trauma’ for Gaza’s children amid renewed fighting
Sam Rose, the senior deputy field director in Gaza for the UN agency for Palestinian refugees UNRWA, highlighted the psychological...
- James Elder, a spokesman for the UN children's agency UNICEF, said traumatized children usually only start to process their trauma when they begin returning to normalcy.
- Humanitarians warned the situation has been made worse by Israel's decision earlier this month to cut off aid and electricity to Gaza over the deadlock in negotiations.