UK’s Starmer to meet Palestinian leader Abbas
Prime Minister Keir Starmer was due to meet Palestinian Authority president Mahmud Abbas Monday, as the UK government edges towards...
Geostrategy
Trump issues ‘last warning’ to Hamas over hostages amid new proposal for ceasefire deal
"The Israelis have accepted my terms. It is time for Hamas to accept as well. I have warned Hamas about...
Geostrategy
Iraqi protesters torch Swedish embassy in Baghdad
Iraqi riot police fired water cannon to disperse demonstrators away from the embassy while security forces armed with electric batons...
- Swedish authorities approved an assembly to be held later Thursday outside the Iraqi embassy in Stockholm, where organisers plan to burn a copy of Koran and Iraqi flag
- Iraqis have been angered by events in Sweden, and Thursday's protest in Baghdad was organised by supporters of the turbulent religious leader Moqtada Sadr
Tesla earnings rise to $2.7bn
Revenues surged 47 percent to $24.9 billion.
- Revenues surged 47 percent to $24.9 billion - a record for the company as auto deliveries surged 83 percent to 466,140 vehicles
- Total gross margin came in at 18.2 percent, down from 19.3 percent in the prior quarter and below the 18.8 percent expected by analysts
Economy
Lebanese activists struggle against rampant beachside development
Amchît, Lebanon--In a pristine patch of Lebanon's north coast, a rare marine visitor has fueled opposition to a seafront development, in...
- The country's seafront at many places remains dotted with formal and informal structures and developments, some of them abandoned
- Once sighted everywhere, monk seals are now considered endangered by the International Union for Conservation of Nature due loss of habitat
Science
Severe heat a cause of worry for healthcare system, says WHO
GENEVA, SWITZERLAND - The extreme heat in the northern hemisphere is putting an increasing strain on healthcare systems, hitting those least...
- The WHO said the heat often worsens pre-existing conditions, saying it was particularly concerned about those with cardiovascular diseases, diabetes and asthma.
- Millions of people across three continents are enduring a sustained spell of dangerous heat as temperature records tumble.
Geostrategy
Fund shortage forces UN body to slash aid for Syrian refugees
AMMAN, JORDAN - The United Nations' World Food Program has announced it would reduce cash assistance to nearly 120,000 Syrian refugees...
- The WFP said that "further reductions in food assistance for refugees in Jordan have become unavoidable as funds run precariously low".
- As of next month, the Syrian refugees in the two camps will receive "a reduced cash allowance of $21 per month per person" down from the current $32.
Arts & Culture
Iraq’s marshes along with a way of life are dying
Even at their center in Chibayish, only a few expanses of the ancient waterways - home to a Marsh Arab...
- Both the Mesopotamian marshes, and the culture of the Marsh Arabs or Ma'adan have UNESCO world heritage status.
- The Ma'adan have hunted and fished in the marshes for 5,000 years, building houses from woven reeds on floating reed islands.
Business
VMware takeover by Broadcom okayed
Broadcom is seeking to expand into the software market.
- The Competition and Markets Authority said the deal "would not weaken competition in the supply of critical computer server products".
- The CMA in March said the deal could harm innovation and drive up the cost of computer parts used by key clients including banks, retailers and telecoms.
Business
Goldman Sachs Q2 profits at $1.1bn
Profit fell due to anemic M&A market, weakness in trading.
- The big investment bank has essentially abandoned a once-touted push to compete with retail banks for Main Street consumers.
- Goldman also suffered a drop in its other main division, asset and wealth management, citing net losses and markdowns in real estate.
Business
Microsoft, Activision gaming deal deferred
July 18 was the cut off point to finalize the $75bn deal.
- The deal for Microsoft to acquire Activision now gets pushed by three months to October 18.
- In return, Microsoft agreed to pay Activision an increased break-up fee in case either side walks away from the deal.
Business
Tata to build car battery factory in UK
The $5.2bn factory is expected to create up to 4,000 jobs.
- The factory is Tata's first giga facility outside India, and will be built in Somerset, southwest England.
- The British government said the new manufacturing facility is expected to provide almost half of the battery production that the UK will need by 2030.
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
UK’s Starmer to meet Palestinian leader Abbas
Prime Minister Keir Starmer was due to meet Palestinian Authority president Mahmud Abbas Monday, as the UK government edges towards...
Geostrategy
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Hamas says Trump’s ‘DEAD’ threat to Gaza undermines ceasefire
"Release all of the Hostages now, not later, and immediately return all of the dead bodies of the people you...
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...
Geostrategy
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...
Business
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Geostrategy
Gazans face food shortages, price hikes as Israel blocks aid amid ceasefire negotiations stalemate
Despite ceasefire negotiations, Gaza’s humanitarian situation remains critical, with markets facing inflation, displaced residents lacking proper shelter, and aid workers...
- Humanitarian groups warn that the aid suspension is worsening an already dire crisis in Gaza.
- Hamas official claims Israel allowed only 15 out of 65,000 promised mobile homes into Gaza
Business
Bitcoin falls below $80,000 first time since November amid market volatility
Hong Kong, China -- Bitcoin sank below $80,000 on Friday for the first time in more than three months as...
- The digital unit fell to as low as $79,525.88 in early Asian trade -- its lowest level since November 11 and sharply down from the record above $109,000 seen just last month.
- The unit saw an eye-watering rally after Donald Trump's election victory in November after he promised on the campaign trail to free up regulations surrounding digital token.
Geostrategy
Mediators hope for end to conflict as next phase of Gaza ceasefire talks in Cairo begins
Mediator Egypt say Israeli, Qatari and US delegations were already in Cairo for "intensive" talks on the next stage of...
- A hostage-Palestinian detainees swap early Thursday was the final one under the initial stage of the truce that took effect on January 19.
- Over the past several weeks, Hamas freed in stages 25 living Israeli and dual-national hostages and returned the bodies of eight others.