UK publisher of Daily Express, Mirror tabloids announces job cuts
London, United Kingdom - The British media group which owns the Daily Express and Daily Mirror tabloids on Monday announced...
Business
Iran will accept nuclear curbs and restrictions to uranium enrichment if sanctions lifted: report
Iran will accept limits on its nuclear programme and restrictions to uranium enrichment if international sanctions are lifted, its foreign...
Geostrategy
July likely to be warmest month on record: NASA scientist
This month has already seen daily records shattered according to tools run by the European Union and the University of...
- What is happening right now is increasing the chances that 2023 will be the hottest year on record, which Schmidt currently assigned a "50-50 chance" based on his calculations
- Schmidt's warnings come as the world has been buffeted by fires and dire health warnings in the past week, in addition to broken temperature records
Tech titans promise watermarks to expose AI creations
Representatives from Amazon, Anthropic, Google, Inflection, Meta, Microsoft, and OpenAI were to join US President Joe Biden later Friday to...
- Commitments by the companies include independent testing of AI systems for risks when it comes to biosecurity, cybersecurity, or "societal effects," according to the White House
- Watermarks for AI-generated content were among topics EU commissioner Thierry Breton discussed with OpenAI chief executive Sam Altman during a June visit to San Francisco
Business
Aramco buys 10% stake in Chinese petrochemical firm for $3.4 billion
The Saudi energy giant unveiled plans in March to acquire the stake in Rongsheng Petrochemical, valued at $3.4 billion. The...
- "Our strategic partnership with Rongsheng advances Aramco's liquids to chemicals strategy while growing our presence in China," Aramco vice president Mohammed Al Qahtani said.
- Aramco, which is mostly state-owned and said it earned record profits totaling $161.1 billion last year, has pledged to achieve "operational net-zero" carbon emissions by 2050.
Iran’s ancient ‘wind catchers’ beat the heat naturally
The wind catchers, called badgirs in Persian, are just one of the engineering marvels inhabitants have developed in this ancient...
- Oldest of the city's 700 wind catchers dates back to the 14th century, but the architectural feature is believed to date back as far as 2,500 years when the Persian Empire ruled
- UNESCO listed Yazd as a World Heritage Site in 2017, describing the city as a "living testimony to intelligent use of limited available resources in the desert for survival"
Geostrategy
Tunisia battles forest blaze on Algeria border
TABARKA, TUNISIA - Firefighters in Tunisia are battling a major blaze that has raged for two days in a pine forest...
- Around a dozen families had been evacuated from the affected area near the Mediterranean resort of Tabarka east of the frontier.
- The Malloula border crossing had been "closed temporarily" because of thick smoke from the fire causing visibility problems on the road to Algeria.
Science
UAE emissions plan ‘insufficient’, say climate groups
PARIS, FRANCE - New carbon-cutting plans by this year's UN climate talks host the UAE were branded "insufficient" by an analysis...
- The UAE, which will host the COP28 United Nations talks in November and December, has released its updated climate plans.
- The plans laying out a tougher target to reduce its greenhouse gas emissions by 19 percent by 2030 compared to 2019 levels.
Business
Volvo Cars Q2 net profit $342m
Firm in profit despite high inflation, rising interest rates.
- Volvo Cars reported a 25 percent increase in retail sales, with 178,800 units sold in the second quarter.
- Central banks have been raising interest rates in efforts to cool consumer price increases.
Business
Netflix adds 6m subscribers
The spike in numbers comes after password crackdown.
- The streaming giant finished the recently ended quarter with a total of 238 million subscribers and a profit of $1.5 billion, according to an earnings release
- Netflix in May expanded its crackdown on users sharing passwords with people beyond their immediate family as it seeks to shore up revenue after a rough patch last year
Israel to permit all United States citizens visa-free entry
Until now, Palestinians with United States citizenship could not enter Israel through Ben Gurion airport without obtaining visas, but had...
- All US citizens, including dual nationals and US citizens living in the West Bank and Gaza Strip, will benefit from the agreement
- State Department spokesman Matthew Miller said Wednesday that implementation of the deal would be monitored
Geostrategy
Israel MPs prepare divisive bill for final votes amid protests
Parliament's law committee approved the proposal, which would limit the "reasonability" clause that allows the judiciary to strike down government...
- Parliament's law committee approved the proposal, which would limit the "reasonability" clause that allows the judiciary to strike down government decisions
- If approved next week by the full parliament, it would be the first major component of the government's proposed legal overhaul to become law
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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
UK publisher of Daily Express, Mirror tabloids announces job cuts
London, United Kingdom - The British media group which owns the Daily Express and Daily Mirror tabloids on Monday announced...
Business
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Hamas pushes for phase two of Gaza truce talks
Hamas said its representatives met with mediators in Cairo at the weekend, emphasizing the need for humanitarian aid to re-enter...
Geostrategy
Ukraine, US delegations to meet in Jeddah next week: Saudi
Riyadh, Saudi Arabia -- Saudi Arabia on Friday welcomed a meeting between the United States and Ukraine due next week...
Geostrategy
UNRWA warns Israel’s West Bank operation aligns with annexation ‘vision’
The Israeli operation, which the military says targets militants in the northern West Bank, was launched shortly after a truce...
Geostrategy
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Geostrategy
Arab leaders propose Gaza reconstruction under Palestinian Authority, reject Trump’s takeover plan
The prospect of the Palestinian Authority (PA) governing Gaza remains far from certain, however, with Israel having ruled out any...
- Tuesday's Arab League summit in Cairo offered an alternative with the adoption of a "comprehensive Arab plan."
- It announced the establishment of a trust fund to pay for the territory's reconstruction, and urged the international community to back it
Business
China, Canada retaliate to Trump tariff war as markets fall
Washington, United States -- Mounting trade wars between the United States and its largest economic partners deepened Tuesday as huge...
- Trump had announced -- and then paused -- blanket 25 percent tariffs on imports from major trading partners Canada and Mexico in February.
- The duties will hit over $918 billion in US imports from both countries, and are set to hamper supply chains for key sectors like automobiles and construction materials.
Economy
China says will fight to ‘bitter end’ if US pushes trade war
Pressure from Trump could motivate Beijing to strengthen the kinds of support for the economy seen last year -- interest...
- China is grappling with a prolonged property sector crisis and high youth unemployment
- China plans to deal with an increasingly unpredictable United States, its largest trading partner