China’s Xi pushes Taiwan issue in call with Trump
Chinese leader Xi Jinping pressed the ever-sensitive issue of Taiwan in a phone call Monday with US President Donald Trump,...
Geostrategy
G20 grapples with splintering world order
"Too many countries are retreating into geopolitical blocs or the battlegrounds of protectionism," Canadian Prime Minister Mark Carney told reporters....
Geostrategy
Geostrategy
Chinese ship scouts deep-ocean floor in South Pacific
Beijing, China -- A Chinese research vessel docked in the Cook Islands Saturday as it probed the Pacific nation's deep-sea...
- Huge areas of seabed around the Cook Islands are carpeted in polymetallic nodules, lumpy rocks studded with rare earths and critical minerals such as cobalt, nickel and manganese.
- Fringed by sparkling lagoons, South Pacific nation the Cook Islands has opened its vast ocean territory for deep-sea mining exploration.
Geostrategy
At COP30, nations target the jet set with luxury flight tax
Rooted in the idea that a small elite of premium flyers should pay more for their outsized contribution to global...
- Diplomats from the coalition of more than 10 countries are pushing for more to come aboard.
- Countries that do not yet have such a tax would commit to imposing levies on business and first-class tickets as well as private jets.
Business
Pfizer poised to buy Metsera
The pharma giant improved its offer to $10bn.
- The Danish firm said Saturday that it "does not intend to make an increased offer to acquire Metsera."
- The company "will continue to assess opportunities for business development and acquisitions that... further its strategic objectives," it said.
Geostrategy
Kazakhstan to join Abraham Accords as Trump pushes Mideast peace
Washington, United States - Kazakhstan said Thursday it will join the Abraham Accords between Israel and mainly Muslim nations, in...
- The central Asian republic has had diplomatic ties with Israel for decades, unlike the four Arab states that normalized relations with Israel under Abraham accords
- But with Trump aiming to shore up his fragile Gaza ceasefire deal, Washington is pushing to get as much support as possible behind a wider peace initiative
Economy
UAE company inks $22 mn deal for stake in Latakia container terminal
Dubai, United Arab Emirates - AD Ports Group of the United Arab Emirates (UAE) signed a $22 million agreement Thursday...
- Abu Dhabi-based firm inked the deal with French shipping giant CMA CGM for a 20 percentage stake in the Latakia International Container Terminal, AD Ports Group said in a statement
- The Syrian government signed a 30-year contract in May with the French firm to run the Mediterranean port and modernise it, including developing the infrastructure
Economy
Qatari firm to invest $29.7 billion in Egypt coastal development
The project in the Alam al-Roum area, in Egypt's Matrouh Governorate, will span "4,900 acres... extending across a coastline of...
- Egypt, mired in its worst economic crisis in decades, is betting big on its 3,000 kilometres (1,800 miles) of coastline as a revenue source
- In 2024 the UAE said it would inject $35 billion in foreign direct investment into Egypt, including $24 billion that would go to developing the Ras al-Hikma area west of Alexandria
Geostrategy
Embracing heritage, Mamdani marks watershed for South Asian Americans
Washington, United States - In a victory speech capping his meteoric rise, New York's mayor-elect Zohran Mamdani quoted at length...
- As he left the stage to a cheering cross-section of the metropolis, the song on the speaker was not one of the many well-worn tunes about New York but the beats from Bollywood
- Mamdani, winning a mandate with a left-wing agenda focused on making New York more affordable, has made history as the first South Asian to lead America's largest city
Economy
World has ‘the tools’ to unlock $1.3 trillion in climate finance: COP30 report
The 81-page report was released by the heads of last year's COP29 conference in Azerbaijan and the upcoming COP30 gathering...
- The 81-page report was released by the heads of last year's COP29 conference in Azerbaijan and the upcoming COP30 gathering in Belem, Brazil
- "This Roadmap aims to contribute as catalyst and foundation for the next phase of climate action," COP29 president Mukhtar Babayev and COP30 head Andre Correa do Lago said
Business
Ozempic maker lowers outlook
The company posted tepid Q3 results.
- It marked the latest bad news for the pharmaceutical giant, which has recently changed its CEO, announced plans to lay off 9,000 employees and replaced more than half of its board.
- The group now expects full-year sales in 2025 to grow by eight to 11 percent, versus the eight to 14 percent range it had expected previously, the company said.
Geostrategy
Gaza hospital says received 15 Palestinian bodies under ceasefire exchange deal
They were returned in exchange for the latest hostage body handed back from Gaza on Tuesday, that of Israeli-American soldier...
- At the start of the truce, Hamas held 48 hostages in Gaza -- 20 alive and 28 deceased.
- Hamas have since released all the surviving captives, as well as 21 of the deceased's remains.
China’s Xi pushes Taiwan issue in call with Trump
Chinese leader Xi Jinping pressed the ever-sensitive issue of Taiwan in a phone call Monday with US President Donald Trump,...
Geostrategy
Company News
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Italy’s Leonardo launches joint venture with UAE defence firm
Milan, Italy -- Italian defense group Leonardo said Wednesday it had agreed to launch a joint venture next year with...
Business
Flydubai inks $13bn Boeing deal for 75 jets as city’s airlines build up
State-owned flydubai and its long-haul partner airline, Emirates, have been the chief deal-makers at this week's Dubai Airshow, the largest...
Business
Nvidia, Microsoft invest $15 billion in AI startup Anthropic, creator of the Claude chatbot
Nvidia and Microsoft announced Tuesday investments totaling $15 billion in AI startup Anthropic, creator of the Claude chatbot, amid frenzied...
Business
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Science
Turkey seeks to host next COP as co-presidency plans with Australia falter
Turkey wants to host next year's UN climate change talks and is ready to organise the event alone if there...
- Australia and Turkey are locked in a stalemate over who should host the 31st United Nations Climate Change Conference (COP31) in 2026
- The host is selected by consensus, so unless Australia or Turkey withdraws or the countries agree to share the conference, both will miss out
Science
Cervical cancer vaccine push has saved 1.4 million lives: Gavi
Geneva, Switzerland - A three-year campaign to bring vaccines against human papillomavirus (HPV) to low-income countries has prevented 1.4 million...
- Cancer caused by HPV disproportionately affects low-income countries, which often lack screening services and access to treatment
- These countries accounted for 90 percent of the 350,000 cervical cancer deaths recorded in 2022, according to Gavi
Geostrategy
UN Security Council set to vote on Trump’s Gaza plan, deployment of international force
The draft, which has been revised several times as a result of high-stakes negotiations, "endorses" the plan, which allowed for...
- The draft, which has been revised several times as a result of high-stakes negotiations, "endorses" the plan, which allowed for a ceasefire between Israel and Hamas to take hold
- The latest version of the text authorizes the creation of an International Stabilization Force (ISF) that would work with Israel and Egypt and newly trained Palestinian police