Rory McIlroy wins seventh Race to Dubai title
Dubai, United Arab Emirates -- Rory McIlroy was on Sunday crowned the DP World Tour’s Race to Dubai champion for...
Arts & Culture
Saudi prince, eyeing defense pledge, to meet Trump after long US absence
Saudi Arabia is unlikely to agree to normalization with Israel at this stage, with Prince Mohammed's priority set for firmer...
Geostrategy
Business
High price of gold inspires new rush in California
El Dorado Hills, United States -- Matt James has collected gold nuggets for years from the hills and riverbeds of...
- Though the value has fluctuated, it has effectively doubled in the last two years, reaching an all-time high of more than $4,380 an ounce in October.
- The Gold Rush transformed California, known as the Golden State, and many towns in the Sierra Nevada are working to keep that moment in history alive.
Geostrategy
OPEC+ looks set to further hike oil output
Since April, the V8 group -- comprising Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman...
- As in previous months, the V8 group is likely to cite "low oil inventories" worldwide to justify a further increase in production quotas.
- In late October, pressure on Russian oil supplies mounted after the United States hit the country's two biggest oil producers -- Rosneft and Lukoil -- with sanctions.
Economy
Social media fooled by AI video of ‘sky stadium’ for Saudi 2034 World Cup
Paris, France - An AI-generated video claiming to show one of the football stadiums for the 2034 FIFA World Cup...
- The video of glowing arena built atop a towering skyscraper was shared by thousands of social media accounts, with millions of users believing it was the official visual
- While Riyadh has unveiled plans to build a football area on a real estate complex in The Line – a futuristic new megacity project – the official plans bear no likeness to the clip
Geostrategy
UN Security Council backs Morocco plan for W. Sahara autonomy
The UN Security Council voted Friday in favor of a resolution backing Morocco's autonomy plan for Western Sahara as the...
- Western Sahara is a vast mineral-rich former Spanish colony that is largely controlled by Morocco but has been claimed for decades by the pro-independence Polisario Front
- The Security Council had previously urged Morocco, the Polisario Front, Algeria and Mauritania to resume talks to reach a broad agreement
Geostrategy
Unexploded bombs haunt Gazans, posing deadly risk as fragile truce halts demining efforts in ruins
After two years of war, the ruined cities of Gaza, a densely packed territory home to more than two million...
- After two years of war, the ruined cities of Gaza, a densely packed territory home to more than two million Palestinians, are littered with military debris
- In the streets of Gaza City, children play with rocket parts and the tail fins of mortar shells, oblivious to or unbothered by the danger
Business
AI giants turn to massive debt to finance tech race
New York, United States -- Meta raised $30 billion in debt on Thursday, as tech giants flush with cash turn...
- Meta raised $30 billion in debt and demand for its bonds was reportedly four times greater than supply.
- The $30 billion in bonds scheduled to be repaid over the course of decades is intended to provide money to continue a breakneck pace of AI development.
Geostrategy
Trump stirs global tensions with surprise nuclear test order
The announcement came in the wake of Russia saying it had tested a nuclear-powered and nuclear-capable torpedo, as well as...
- The last US nuclear test explosion was in September 1992, a 20-kiloton underground detonation at the Nevada Nuclear Security Site.
- Then-president George H.W. Bush imposed a moratorium on further tests in October 1992 that has been continued by successive administrations.
Business
Amazon shares surge as AI boom drives cloud growth
San Francisco, United States - Amazon's share price skyrocketed by more than ten percent on Thursday after the online retail...
- The e-commerce giant's Amazon Web Services division, which recently suffered a global outage, saw revenues jump 20 percent to $33 billion in the third quarter
- Amazon's major rivals in the cloud computing space, Microsoft and Google, on Wednesday also reported sales increases in their cloud computing business
Arts & Culture
After delays, Egypt set for lavish opening of grand museum
Cairo, Egypt - With much pomp and circumstance, Cairo is due to inaugurate on Saturday the long-awaited Grand Egyptian Museum,...
- With a panoramic view of the Giza pyramids plateau, the GEM houses thousands of artefacts spanning more than 5,000 years of Egyptian antiquity at a whopping cost of over $1 billion
- More than two decades in the making, the ultra-modern museum anticipates five million visitors annually, with never-before-seen relics on display
Economy
Backed by its sovereign wealth fund, Saudi chases AI ambitions with homegrown firm pitched to global investors
The company, launched in May, is bankrolled by Saudi's powerful Public Investment Fund, which has played a key role in...
- The company, launched in May, is bankrolled by Saudi's powerful Public Investment Fund, which has played a key role in financing the kingdom's gigaprojects
- But Riyadh's ambitions to become a global AI hub face fierce competition from the neighbouring United Arab Emirates, which have invested in AI for years
Rory McIlroy wins seventh Race to Dubai title
Dubai, United Arab Emirates -- Rory McIlroy was on Sunday crowned the DP World Tour’s Race to Dubai champion for...
Arts & Culture
Company News
Latest News
Amazon rainforest sets stage for toughest climate talks yet as world leaders gather for COP30
The United States, the world's largest economy and second-biggest emitter of greenhouse gases, is absent for the first time in...
Economy
Israel confirms remains returned are officer Goldin killed in 2014 Gaza war
Jerusalem, Undefined - Israel said the remains it received on Sunday from Hamas were those of Lieutenant Hadar Goldin, an...
Geostrategy
Palestinians recount ‘black hole’ of Israeli detention
Jerusalem, Undefined -- Denied contact with his lawyer for months, now freed Palestinian prisoner Shady Abu Sedo said he lost...
Geostrategy
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Economy
China’s consumer prices rose in Oct, reversing stagnation
Beijing has struggled to maintain a strong economic recovery from the pandemic, as it fights a debt crisis in its...
- The consumer price index, a key measure of inflation, rose 0.2 percent year-on-year last month, according to the National Bureau of Statistics (NBS).
- Consumer prices were stagnant in July followed by two months of decline.
Geostrategy
Tunisian opponents go on collective hunger strike to support jailed figure
Tunis, Tunisia - Prominent Tunisian opposition figures including Rached Ghannouchi said Friday they would go on hunger strike in solidarity...
- Jawhar Ben Mbarek, co-founder of the National Salvation Front, Tunisia's main opposition alliance, launched a hunger strike last week to protest his detention since February 2023
- In April, he was sentenced to 18 years behind bars on charges of "conspiracy against state security" and "belonging to a terrorist group" in a mass trial criticised by rights group
Geostrategy
Turkey issues genocide arrest warrant against Netanyahu, senior officials in his govt
The announcement was met with a firm rebuttal from Israel. Foreign Minister Gideon Saar said Israel "firmly rejects, with contempt"...
- The Istanbul prosecutor's office said in a statement that a total of 37 suspects were targeted by the arrest warrants, without providing a full list
- The announcement was met with a firm rebuttal from Israel. Foreign Minister Gideon Saar said Israel "firmly rejects, with contempt" the charges