Volatility grips oil market as nervous investors assess Venezuela
Having spiked in an initial reaction to the military operation to apprehend Nicolas Maduro in Caracas, oil prices quickly dropped...
Business
Maduro now in New York jail as Trump says US to ‘run’ Venezuela
The US president's announcement followed a lightning pre-dawn attack in which commandos grabbed Maduro and his wife while air strikes...
Geostrategy
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...
- "The Israelis have accepted my terms. It is time for Hamas to accept as well. I have warned Hamas about the consequences of not accepting," Trump said on social media
- In a statement released shortly after, Hamas said it was ready to "immediately sit at the negotiating table" following what it described as "some ideas from the American side."
Geostrategy
Russia hits Ukraine govt offices in war’s biggest air attack
Kyiv, Ukraine -- Russia fired its biggest-ever aerial barrage at Ukraine early Sunday, killing four people and setting government offices...
- Drone strikes also damaged several high-rise buildings in the Ukrainian capital, according to emergency services.
- Russia fired at least 810 drones and 13 missiles at Ukraine between late Saturday and early Sunday in a new record, according to the Ukrainian air force.
Economy
Saudi launches Damascus area reconstruction project
Saudi Arabia announced on Sunday humanitarian projects for Syria including the removal of wartime rubble around Damascus, weeks after inking...
- The oil-rich Gulf kingdom has been a major backer of the new Syrian government, which came to power after an Islamist-led offensive toppled longtime Syrian ruler Bashar al-Assad
- Other agreements inked on Sunday would see Riyadh support the reconstruction of 34 schools in Syria's Aleppo, Idlib and Homs provinces
Geostrategy
Saudi launches Damascus area reconstruction project
Damascus, Syria -- Saudi Arabia announced on Sunday humanitarian projects for Syria including the removal of wartime rubble around Damascus,...
- Saudi Arabia's KSrelief has announced the project to clear over 75,000 cubic meters of rubble from the capital and its surrounding areas.
- In late July, Riyadh pledged $6.4 billion in investment and partnership deals with Syria.
Geostrategy
Drone attack from Yemen injures man at Israeli airport: army, medics
A drone launched from Yemen injured a man when it fell on Ramon airport in southern Israel on Sunday, Israel's...
- "Paramedics are providing medical treatment... to a 63-year-old male in mild condition, with shrapnel injuries to his limbs," the emergency service said in a statement
- Israel assassinated the head of the Iran-backed Huthi government together with 11 other senior officials in air strikes two weeks ago
Geostrategy
Israel warns recognizing Palestinian state could trigger ‘unilateral’ action
Several countries, including France and Britain, have pledged to recognize a Palestinian state during the UN General Assembly later this...
- French President Emmanuel Macron co-hosted a conference in July with Saudi Arabia to call for a two-state solution to the Israeli-Palestinian conflict.
- Britain said it would recognize a Palestinian state if Israel failed to agree to a truce in the Gaza war, triggered by Palestinian group Hamas's October 2023 attack.
Geostrategy
First India-Pakistan match since conflict fires up Asia Cup
New Delhi, India -- A blockbuster between India and Pakistan headlines the Asia Cup starting on Tuesday as they face...
- Arch-rivals India and Pakistan clash in Dubai on September 14, with Pakistan bowling great Wasim Akram saying players and fans should "remain disciplined and not cross the line".
- The neighbors have not met on either side's soil in a bilateral series since 2012 and only play each other in international tournaments on neutral ground.
Arts & Culture
Catholic teen set to become first millennial saint
Vatican City, Holy See -- Tens of thousands of pilgrims are expected at the Vatican Sunday for the canonization of...
- Carlo Acutis, who died of leukemia in 2006 aged 15, will be made the first millennial saint by Pope Leo XIV in a solemn ceremony in St Peter's Square.
- The teenager's body, dressed in jeans and a pair of Nike trainers, lies in a glass-walled tomb in Assisi, visited by hundreds of thousands of people a year.
Arts & Culture
AI-powered meet-up apps fight ‘epidemic of’ loneliness
San Francisco, United States -- On a summer evening in San Francisco, JT Mason went to dinner with five complete...
- The growing difficulties individuals face in forming meaningful connections have alarmed health professionals.
- In 2017, then US surgeon general Vivek Murthy described a "loneliness epidemic."
Geostrategy
Key OPEC+ members to boost oil production again
Oil ministers in the V8 grouping -- comprising Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and...
- Those countries had already increased production by 2.2 million bpd in recent months.
- They said that the new incoming cycle could see up to an extra 1.65 million bpd eventually coming onto the market.
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
Volatility grips oil market as nervous investors assess Venezuela
Having spiked in an initial reaction to the military operation to apprehend Nicolas Maduro in Caracas, oil prices quickly dropped...
Business
Company News
Latest News
Insurance giant Allianz signals job cuts in AI shift
Frankfurt, Germany -- German insurance giant Allianz signalled Wednesday looming job cuts due to its adoption of artificial intelligence, with...
Business
Robots take centre stage at Singapore ‘Olympiad’
Singapore -- The World Robot Olympiad opened in Singapore on Wednesday with hundreds of international students, some as young as...
Geostrategy
How China leveraged its rare earths dominance over the US in tariff war
China's stranglehold on the rare earths industry -- from natural reserves and mining through processing and innovation -- is the...
Economy
Most Read
Geostrategy
China’s Xi pushes Taiwan issue in call with Trump
Chinese leader Xi Jinping pressed the ever-sensitive issue of Taiwan in a phone call Monday with US President Donald Trump,...
- China claims Taiwan as part of its territory, and Xi told Trump that its return was an "integral part of the post-war international order."
- Taiwan Premier Cho Jung-tai hit back at Xi's comments, telling reporters on Tuesday that Taiwan "is a fully sovereign state."
Arts & Culture
Fake AI videos have a new generation loving 1980s life
New York, United States - "The 1980s are calling," a teenager with a throwback hairstyle tells viewers as "Everybody Wants...
- The fake montage -- entirely generated using artificial intelligence -- has racked up more than 600,000 "likes" on Instagram and is part of an internet fad known as "AI nostalgia."
- The soft-focused fantasy land comes thanks to generative AI tools like OpenAI's Sora, Google's Veo or Luma AI's Ray that enable creation of strikingly realistic videos
Geostrategy
Hezbollah mourns top commander killed in Israel strike, Iran Guards urge revenge
Haytham Ali Tabatabai is the most senior commander from the Iran-backed group to be killed by Israel since a November...
- Haytham Ali Tabatabai is the most senior commander from the Iran-backed group to be killed by Israel since a November 2024 ceasefire sought to end over a year of hostilities
- Sunday's raid came with Israel escalating its attacks on Lebanon and Washington increasing pressure on the government to disarm the group and cut off its sources of funding