From hotels to high fashion, Armani’s luxury empire
Milan, Italy - Giorgio Armani's death leaves a vacuum at the top of his billion-dollar luxury business, an independent empire...
Arts & Culture
EU hits Google with $3.47 billion fine despite Trump threats
Brussels, Belgium -- The EU slapped Google with a massive 2.95 billion euro ($3.47 billion) antitrust fine for favoring its...
Business
Geostrategy
Macron adjourns Germany visit over riots in France
President Emmanuel Macron informed Berlin he was postponing a state visit to deal with the urban rioting that has rocked...
- Shops were ransacked and town halls attacked in various locations nationwide, despite 45,000 members of the police dealing with the situation.
- The protests over the death of teenager Nahel M., who was of Algerian origin, have again exposed the severe racial tensions in modern France.
Geostrategy
Hamas exhibits weapons in Gaza for first time
The armed wing of Gaza's Islamist rulers Hamas has put its weapons on public display for the first time, drawing...
- The exhibition was the first at which Hamas has allowed the public to take photos of weapons.
- "Resistance is an image and a memory. Take souvenir photos with many of Al-Qassam's weapons," the group said.
Business
Botswana inks new deal with De Beers
GABORONE, BOTSWANA - Botswana has reached an eleventh-hour deal with diamond giant De Beers after months of tense negotiations that saw...
- The agreement provides for a new 10-year agreement to sell the rough diamonds produced by Debswana.
- Debswana is a JV equally owned by the government and De Beers - and a 25-year extension of its mining licenses.
Analysis
Conservative-dominated US Supreme Court steers society sharp right
Washington, United States--One year after its ruling to erase abortion rights, the conservative-dominated US Supreme Court has underscored its determination to...
- The Supreme Court among its many rulings banned universities from giving minorities priority in admissions -- so-called "affirmative action"
- The court also struck down President Joe Biden's plan to cancel more than $400 billion of student debt to ease the financial stresses on Americans
Geostrategy
Violence and looting rage in France after police shot teenager
Nanterre, France--Sporadic violence and looting hit several cities across France in a fourth night of protests after the fatal police shooting...
- In the wake of the death of 17-year-old Nahel at a traffic stop in Paris, France has deployed 45,000 officers backed by light armored vehicles to quell violence
- The violence set off by the killing of Nahel has brought out into the open longstanding grievances about policing and racial profiling in the country's multi-ethnic suburbs
Economy
France charges Lebanon central bank chief’s ex-assistant in graft probe
A former assistant of Riad Salameh, the governor of Lebanon's central bank, has been charged with money laundering by France....
- Marianne Hoayek was grilled in Paris on Friday and placed under investigation for criminal conspiracy and money laundering
- Salameh has denied any wrongdoing and says he built his fortune when he worked in Merrill Lynch before becoming central bank governor
Business
Apple tops $3trn in market value
Wall Street rises as US consumer inflation moderates.
- The personal consumption expenditure index measure of inflation eased to 3.8 percent year-on-year in May.
- The data comes on the heels of other upbeat economic reports this week adding to hopes the US economy can avoid a recession.
Geostrategy
French president announces measures to quell riots
French President Emmanuel Macron announced measures including more police and urged parents to keep minors off the streets as he...
- French President Macron attempted to strike a balance between political pressure for a harsh response and fears of triggering a still stronger backlash.
- "Additional means" would be mobilized by government to tackle the rioting, Macron said, without specifying how many more officers might be involved.
Geostrategy
Iran to join Shanghai alliance with China, Russia next week: Lavrov
Moscow, Russia -- Iran will be formally approved as a member of the regional Shanghai Cooperation Organization with China, Russia and...
- Iran has intensified its diplomacy with friends and foes alike in recent months, seeking to reduce its isolation, improve its economy and project strength.
- The SCO, which has its headquarters in China, is a diplomatic organization with eight members, including India and Pakistan.
UN General Assembly creates body to probe fate of Syria’s missing
The Independent Institution on Missing Persons in the Syrian Arab Republic will "clarify the fate and whereabouts of all missing...
- Resolution calls for the UN chief, and other relevant parties to define the new organization's mandate in the next 80 days
- Thursday's vote came after UN secretary-general Antonio Gutterres called for the formation of such a body in a report in August
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
From hotels to high fashion, Armani’s luxury empire
Milan, Italy - Giorgio Armani's death leaves a vacuum at the top of his billion-dollar luxury business, an independent empire...
Arts & Culture
Company News
Latest News
UN experts demand Israel face consequences for alleged Gaza war crimes and genocide claims
The experts called for urgent, independent and thorough investigations into alleged serious violations of international law, saying Israel's continued impunity...
Geostrategy
Cambridge study warns of perils in AI-driven ‘intention economy’
London, United Kingdom -- Conversational artificial intelligence (AI) tools may soon "covertly influence" users' decision making in a new commercial frontier...
Business
Asia stocks mostly down after Wall St. losses
The "Santa Claus rally" got off to a good start but US stocks then fell across the board on Friday,...
Most Read
Economy
Indian workers replace Palestinians in Israel’s construction sector amid post-war labour void
Indians, long employed in Israel as caregivers, diamond traders, and IT professionals, are now increasingly recruited for the construction sector...
- Israeli researchers believe the number of Indians working in construction still does not match the number of Palestinians who did so before the war
- Before the Hamas attack, around 80,000 Palestinians were employed in construction, along with some 26,000 foreigners, Eyal Argov of the central Bank of Israel said
Geostrategy
20-day-old baby Jumaa al-Batran dies from ‘severe cold’ in Gaza
Marwan al-Hamas, head of field hospitals in Gaza, confirmed the death. He said it brought to five the total number...
- Jumaa's twin brother remains in the intensive care unit at a local hospital, the health ministry in territory said.
- "There is no electricity. The water is cold and there is no gas, heating or food," said Yahya al-Batran, the father of the child.
Business
Egypt tests Suez Canal extension aimed at boosting vessel capacity
Cairo, Egypt -- Egypt has tested a new 10-kilometre (6.2-mile) extension to the Suez Canal as it tries to minimize the...
- Vessels navigating the waterway have at times run aground, mostly because of strong winds and sandstorms.
- The new extension is set to boost the canal's capacity by six to eight vessels a day, Rabie said, and it will open after new navigational maps are issued.