Tesla proposes package for Musk that could top $1 trillion
New York, United States -- Tesla unveiled on Friday a proposed compensation package for Elon Musk that could top $1...
Business
Israel military says controls 40 percent of Gaza City, the largest urban centre in the Palestinian territory
In a televised briefing, Israeli military spokesman Brigadier General Effie Defrin said that "we hold 40 percent of the territory...
Geostrategy
Israel summons Ukraine envoy over pro-Russia accusation
On Sunday, the Ukrainian embassy charged that "the current Israeli government" had "opted for a path of close cooperation with...
- Israel has adopted a cautious approach since Russian forces invaded Ukraine in February last year, seeking to maintain neutrality between the warring sides
- In an interview with the Jerusalem Post, Benjamin Netanyahu said that weaponry handed to Ukraine could fall into Iranian hands and be turned against Israel
Geostrategy
US to defund science for Israeli universities in West Bank
The Biden administration has returned to the long-standing US position of calling for a two-state solution with the Palestinians and...
- Joe Biden's administration reverses a move made under Donald Trump that rejected the wide international consensus that Israel illegally occupies the West Bank
- David Friedman, Trump's ambassador to Israel and champion of Ariel University, accused the Biden administration of embracing the activist movement to boycott Israel
Geostrategy
Ready for prisoner swap with US, says Iran
Iran said it was hoping indirect talks with the United States could lead to a "positive" outcome for a prisoner...
- At least three Iranian-Americans are being held in Iran, including businessman Siamak Namazi, arrested in October 2015 and sentenced to 10 years in prison.
- "We are negotiating for the release of Iranian citizens through parties who play a role in good faith," Iran's foreign ministry spokesman Nasser Kanani said.
Business
New regulations aim to restrict greenwashing practices
PARIS, FRANCE- Common standards unveiled on Monday for companies to report their greenhouse gas emissions could curb misleading climate claims in...
- Currently, most large companies report how many tons of carbon they emit into the atmosphere each year, but the data is often not reliable.
- The poor quality of data and lack of common standards allows companies to overstate their climate credentials - the practice of "greenwashing".
Geostrategy
Record number of pilgrims, braving suffocating heat, converge for Hajj climax
After performing the ritual circumambulation of the Kaaba, the giant black cube at Mecca's Grand Mosque that Muslims pray towards...
- Pilgrims in robes and sandals, many carrying umbrellas against the beating sun, undertook the journey on foot or crowded onto hundreds of air-conditioned buses.
- They will spend the night in white tents in Mina, which every year hosts the world's largest encampment, before the hajj's high-point on Tuesday: prayers at Mount Arafat.
Business
Aston Martin, Lucid Group sign deal
Lucid Group to help make Aston Martin's luxury 'green' cars.
- California-based Lucid will supply technology, including battery systems, for cash and shares worth about $232 million.
- News of the tie-up, subject to shareholder approval, sent Aston's stock ten percent higher to 360 pence on the rising London stock market.
Business
Japan fund to buy out JSR
Japan Investment Corporation hopes to finalize the deal by December.
- JSR is a market leader in the manufacture of materials including photoresists for circuit formation, which are central to producing semiconductors.
- JIC is an investment fund founded in 2018, with the government as the majority investor, along with smaller private-sector partners.
Economy
Equities, ruble sink as traders eye Russia after failed uprising
While the advance by the Wagner mercenary force led by Yevgeny Prigozhin was called off before it reached Moscow, analysts...
- The ruble sank to 87 to the dollar -- its weakest level since March last year in the early days Putin's invasion of Ukraine -- as traders reacted to the developments in Russia
- Oil prices rose around one percent though with concern about demand owing to rate rises keeping gains limited, while futures for European natural gas jumped more than eight percent
Wagner crisis shows Ukraine war is ‘cracking’ Russian power: EU
EU foreign ministers were scrambling to digest the fall-out from the uprising at their regular meeting in Luxembourg. Sweden's Foreign...
- What has happened during this weekend shows that the war against Ukraine is cracking Russian power, EU foreign policy chief said
- He added that war against Ukraine launched by Putin and the monster that Putin created with Wagner, the monster is biting him
In deadliest attack this year, Russian strikes kill 13 in rebel-held Syria
Russian forces which back President Bashar al-Assad's regime were responding to rebel drone strikes over the past week that killed...
- At least nine civilians, including two children, were among the dead, with most killed at a fruit and vegetable market in the Idlib region
- At least 30 civilians were wounded in Sunday's strikes, said Abdel Rahman, who added that the death toll was likely to rise
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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
Tesla proposes package for Musk that could top $1 trillion
New York, United States -- Tesla unveiled on Friday a proposed compensation package for Elon Musk that could top $1...
Business
Company News
Latest News
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...
Geostrategy
Turkey lowers interest rate to 47.5% as it battles double-digit inflation
The bank's monetary policy committee decided to reduce the policy rate from 50 percent to 47.5 percent, with a statement...
Economy
Syrian war monitor says 17 dead in clashes in Tartus province
17 people were killed Wednesday in clashes in Tartus province after security forces sought to arrest an officer under deposed...
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Geostrategy
Pope calls for ‘arms to be silenced’ in Christmas appeal
Rome, Italy -- Pope Francis called Wednesday for "arms to be silenced" around the world in his Christmas address, appealing for...
- His voice breathless, the 88-year-old pontiff also appealed for a ceasefire in Gaza and for the freeing of Israeli hostages held there by Hamas.
- Francis also extended his call for peace to Sudan, which has been ravaged by 20 months of brutal civil war and where millions are under the threat of famine.
Economy
Egypt to access $1.2 billion in funding after deal with IMF
Washington, United States -- The International Monetary Fund said Tuesday that it has reached a deal with Egyptian authorities allowing the...
- The deal comes as both sides reached staff-level agreement on the fourth review under the Extended Fund Facility arrangement, the fund said.
- The funding access is subject to executive board approval. The discussions culminating in the deal were held in person from November 6-20 and virtually afterwards.
Geostrategy
Pakistan air strikes kill 46 in Afghanistan: Taliban spokesman
Kabul, Afghanistan - Pakistan air strikes in an eastern border province of Afghanistan killed 46 people, the Taliban government spokesman told...
- Border tensions have risen since the Taliban's 2021 takeover, with Islamabad accusing Afghan-based militants of attacks
- Islamabad has accused Kabul's Taliban government of harbouring militant fighters, allowing them to strike on Pakistani soil with impunity