Gaza film at Venice targeted by hate campaign, director says
Venice, Italy - At its premiere, a powerful new Gaza film at the Venice Film Festival sparked 23 minutes of...
Geostrategy
Amid Israeli strikes, Lebanon debates disarming Hezbollah under ceasefire deal, risking political turmoil and mass protests.
The Lebanese government is set to discuss on Friday an army plan to disarm Hezbollah, which the Iran-backed group opposes,...
Geostrategy
Living near green space makes you 2.5 years younger: study
Washington, United States - City parks and green spaces help counter heat, boost biodiversity, and instill a sense of calm in...
- Kyeezu Kim and colleagues followed more than 900 white and Black people from four American cities --over a period of 20 years, from 1986-2006
- Black people with more access to green space were only one year biologically younger, while white people were three years younger
Geostrategy
Iran takes Canada to UN court over terror compensation
The UN's top tribunal said on Wednesday that Iran has taken Canada to the International Court of Justice for allowing...
- Ukraine International Airlines flight PS752 was downed shortly after take-off from Tehran on January 8, 2020, killing all 176 people aboard
- Canada broke diplomatic ties with Iran in 2012 as relations frayed over Tehran's support for Bashar al-Assad's regime in Syria, its nuclear program
Economy
US Fed Chair Powell leaves door open to two straight rate hikes ahead
The Fed recently paused its aggressive cycle of rate increases after 10 consecutive hikes, to give policymakers more time to...
- "We believe there's more restriction coming," Powell told a central banking conference in Portugal on Wednesday.
- Powell said that US monetary policy will likely take more time to act against high inflation, and bring it down to the Fed's long-term target of two percent.
Economy
Italy warns against ECB decision to increase interest rates
The central bank has hiked rates at the fastest pace ever over the past year in a bid to cool...
- "The ECB's simplistic recipe of raising interest rates does not appear to many to be the right way forward," Italian PM Meloni said in a speech.
- Meloni was reacting to ECB President Christine Lagarde's warning Tuesday that the bank would "continue to increase rates in July".
Business
UK considering taking over country’s biggest water supplier
Responding to reports of a possible renationalization, a government statement said Thames Water's present situation was "a matter for the...
- Britain privatized its water industry in 1989 when Margaret Thatcher was PM. The country's water companies have accumulated combined debt of £54 billion since privatization.
- Thames Water's CEO Sarah Bentley stepped down with immediate effect Tuesday amid mounting worries over the company's debt which totals nearly $18 billion.
Geostrategy
Iraqi forces seize 250,000 captagon pills from school
Iraq has long been transit country for captagon, but officials say it is increasingly becoming a consumer market for the...
- The seizure was carried out in Al-Anbar province on the border with Syria, a country considered the hub for production and trafficking of captagon.
- Police "seized 250,000 captagon pills and one kilogram of cannabis resin from a school being renovated in the city of Ramadi", the interior ministry said.
Business
Greater data access and control for users as EU modifies digital policy
"Once the data act enters into force, it will unlock the economic and societal potential of data and technologies and...
- Negotiators from the European Council, which represents the 27 member states, and the European Parliament struck a deal late on Tuesday on the data act.
- The new rules also include safeguards against unlawful data transfer by cloud service providers and make it easier to switch providers of data processing services.
Economy
Markets rise as upbeat US data plays against rates outlook
Wall Street popped higher Tuesday after a string of readings soothed concerns about a possible recession, while traders were also...
- President Joe Biden said on Tuesday that while economists had predicted a contraction was on the way, it still had not materialized.
- Investors are now keeping tabs on a meeting in Portugal where speakers include top central bankers including Fed boss Jerome Powell and the head of the European Central Bank.
Geostrategy
Rescue ship saves 86 migrants off Libyan coast: charity
The UN's International Organization for Migration estimates that 1,724 migrants had disappeared trying to cross the Mediterranean to Europe so...
- Spokesman for the charity said that most of the migrants were minors, trying to cross the Mediterranean on their own, without family
- Italian authorities said the passengers can disembark at its port of Bari, which the charity said was still a three-day voyage away
UBS to cut more than half its workforce after Credit Suisse rescue
Credit Suisse had a staff of around 45,000 before it nearly collapsed on investor fears about its solvency, which prompted...
- Analysts had warned that huge job losses were likely because of the overlapping activities at two of the world's most important banks
- A media report said employees had been told of three coming waves of jobs cuts this year - the first at end-July, the others in September and October
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
Gaza film at Venice targeted by hate campaign, director says
Venice, Italy - At its premiere, a powerful new Gaza film at the Venice Film Festival sparked 23 minutes of...
Geostrategy
Company News
Iran picks new president at turbulent time
Geostrategy
Latest News
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...
Business
Israeli raid puts last major Gaza health facility out of service: WHO
The World Health Organization said the operation had put the "last major health facility in north Gaza out of service"....
Geostrategy
New Dawn over Damascus: Residents reclaim Mount Qasyun after years of curbs under Assad’s rule
Mount Qasyun, once closed due to war, reopens as a vibrant community space where Damascus residents gather to reclaim joy,...
Geostrategy
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Business
Global stocks rise as Japan led Asia gains on a weaker yen
Seoul was an outlier in Asia with shares plunging as South Korea's political crisis deepened with a second impeachment vote....
- Japan's Nikkei index closed up nearly two percent, with the yen's recent weakness proving a boon for major exporters.
- In Europe, Frankfurt's DAX index rose after German President Frank-Walter Steinmeier dissolved parliament on Friday and confirmed the expected date for the early general election
Israeli strikes hit Yemen as Netanyahu fires warning
Israeli air strikes pummeled Sanaa's international airport and other targets in Yemen on Thursday, with Huthi rebel media reporting six...
- Prime Minister Benjamin Netanyahu warned that Israel's strikes would "continue until the job is done"
- Iran's foreign ministry condemned the strikes as a "violation" of peace and security
Geostrategy
Israeli strike on broadcast vehicle kills five Al-Quds Today journalists
Palestinian Territories -- A Palestinian TV channel said five of its journalists were killed Thursday in an Israeli strike on...
- The station identified the five staffers as Faisal Abu Al-Qumsan, Ayman Al-Jadi, Ibrahim Al-Sheikh Khalil, Fadi Hassouna and Mohammed Al-Lada'a.
- The Palestinian Journalists Syndicate said last week that more than 190 journalists had been killed and at least 400 injured since the start of the war in Gaza.