UAE says will invest up to $50 billion in Canada
The fresh North American investment pledge came after UAE President Mohamed bin Zayed Al Nahyan promised in May to pump...
Geostrategy
AMD, Cisco, and HUMAIN partner to build 1 GW AI infrastructure in Saudi
Washington, DC., US – AMD, Cisco, and HUMAIN, a PIF-backed company delivering full-stack AI solutions, have announced plans to establish...
Business
Geostrategy
Long-shot socialist and Trump foe Mamdani becomes next New York mayor
The self-proclaimed socialist, who has been re-elected three times, forged an image that has become his trademark -- a progressive...
- Since his surprise victory in the Democratic Party primary in June, New Yorkers have become used to seeing his bearded, smiling face on television
- The 34-year-old election winner was born in Uganda to a family of Indian origin and has lived in the United States since he was seven, becoming a naturalized US citizen in 2018
Geostrategy
NATO tests war preparedness on eastern flank facing Russia
On the Mures river in central Romania, French armoured vehicles and Romanian trucks board a motorised floating bridge, part of...
- The drill -- planned for months and seen as an "integration exercise" for NATO members -- comes after Washington last week said it would pull some troops out from the area
- Romania, which shares some 650 kilometres (400 miles) of border with Ukraine, has gained in strategic importance since Russia invaded its neighbour in 2022
Geostrategy
World on track to dangerous warming as emissions hit record high: UN
Scientists are in broad agreement that warming above 1.5C relative to pre-industrial times risks catastrophic consequences, and every effort must...
- But the world is set to blow past 1.5C in a matter of years and planet-warming emissions keep rising, hitting a new record high in 2024, according to a UN report.
- With an overshoot of 1.5C now inevitable, focus has shifted to how quickly temperatures can be returned to less-risky levels.
Business
US AI firm Palantir announces joint venture in Dubai
Dubai, United Arab Emirates -- US software firm Palantir launched a joint venture with the Dubai government's investment arm on...
- The joint venture, named Aither, was unveiled a day after Microsoft announced $15.2bn in AI and cloud computing investments in the UAE, which seeks to become a global AI leader.
- Palantir has a reach that spans the global economy, with banks, hospitals, the US government and the Israeli military among its ever-expanding client roster.
Arts & Culture
King Tut’s collection displayed for first time at Egypt’s grand museum
Cairo, Egypt -- Thousands of visitors streamed through the Grand Egyptian Museum on Tuesday as almost the entire collection of King...
- Curated and conserved over nearly two decades, the collection was unveiled to the public two days after the museum's lavish opening ceremony on Saturday.
- In a vast, dimly lit main hall spanning four levels, visitors gazed at chariots, household items, jeweled ornaments and, at the center, Tutankhamun's iconic golden mask.
Economy
Qatar warns will cut gas supply to Europe over EU’s green rules
Qatar's energy minister on Monday warned the Gulf state would halt its supply of liquefied natural gas to Europe over...
- The Corporate Sustainability Due Diligence Directive (CSDDD) requires large companies to fix the "adverse human rights and environmental impacts" of their supply chains worldwide
- The law was backed by a broad coalition of European politicians including the left and the greens as well as centrists, including some centre-right lawmakers
Geostrategy
Turkey, and six of its Muslim allies say Palestinian self-rule key to Gaza future
Turkey, which played a central role in forging the now shaky three-week-old ceasefire, is pushing for Muslim nations to bring...
- Turkey, which played a central role in forging the 3-week-old ceasefire, is pushing for Muslim nations to bring their influence to bear on the reconstruction of the territory
- Brokered by US President Donald Trump, the October 10 ceasefire has been tested by fresh Israeli strikes and claims of Palestinian attacks on Israeli soldiers.
Business
Microsoft unveils $15.2 billion AI, cloud computing investments in UAE
The deal sent US chip-maker Nvidia shares up 2.6 percent, buoyed by hopes the AI juggernaut could see access for...
- "This is not money raised in the UAE. It's money we're spending in the UAE," Smith wrote in a blog post published during a visit to Abu Dhabi.
- Smith said the investments had been encouraged by both the US and UAE governments and had involved a partnership with the country's G42 sovereign artificial intelligence company.
Business
Kimberly-Clark to buy Kenvue
The deal is valued at $48.7 billion.
- Kenvue's Tylenol painkiller has faced Trump administration allegations of links to increased autism risks.
- Texas-based Kimberly-Clark makes a wide range of paper and cloth products, with brands such as Huggies, Kleenex and Kotex.
Business
OpenAI signs $38 bn infrastructure deal with cloud giant AWS
Under the seven-year agreement, OpenAI, which is partly owned by AWS's archrival Microsoft, will gain access to computing resources including...
- The deal will also give access to tens of millions of more conventional CPUs that will be used for the everyday deployment of so-called agentic AI.
- OpenAI will immediately begin utilizing AWS computing, with all capacity targeted to be used before the end of 2026, and the ability to expand further in the coming years.
UAE says will invest up to $50 billion in Canada
The fresh North American investment pledge came after UAE President Mohamed bin Zayed Al Nahyan promised in May to pump...
Geostrategy
Company News
Rory McIlroy wins seventh Race to Dubai title
Arts & Culture
Latest News
Google announces $40 billion Texas investment to expand AI infrastructure
Google announced Friday a major $40 billion investment in Texas through 2027 to build new cloud computing and artificial intelligence...
Business
EU approves ADNOC’s purchase of Germany’s Covestro
Brussels, Belgium -- The European Commission on Friday greenlit the takeover of German chemical firm Covestro by UAE state oil...
Business
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
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Geostrategy
Rubio says US ‘optimistic’ for UN resolution on Gaza, backing an international force
US Secretary of State said the United States was speaking with different countries on ways to "balance their interests here,...
- Rubio said the United States was speaking with different countries on ways to "balance their interests here, and how that's structured beyond just the security force."
- The United States last week started circulating the draft resolution that would follow up on a ceasefire in the two-year war championed by President Donald Trump
Geostrategy
Google denies removing W.Sahara border for Morocco users
The dotted lines illustrating the border between Western Sahara and Morocco, indicating the former's disputed territory status, have never been...
- 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 United Nations Security Council had previously urged Morocco, the Polisario Front, Algeria and Mauritania to resume talks to reach a broad agreement
Geostrategy
Macron warns any planned West Bank annexation a ‘red line,’ to provoke a European reaction
He spoke as Palestinian president Mahmud Abbas visited Paris one month into a fragile truce between Hamas and Israel, following...
- He spoke as Palestinian president Mahmud Abbas visited Paris one month into a fragile truce between Hamas and Israel, following two years of war
- Macron and Abbas announced the creation of a joint committee "for the consolidation of the state of Palestine", the French leader said