World Bank lifts 2026 growth forecast, warns of softer demand
The bank expects world GDP growth of 2.6 percent this year, according to its latest global economic prospects report. The...
Economy
Trump tells Cuba to ‘make a deal, before it is too late’
The communist-run island near Florida has been a US foe and ally of Caracas for decades, but Trump has ramped...
Geostrategy
Geostrategy
Israel’s recognition of Somaliland ‘threat’ to regional stability: Somali president
Somaliland declared independence from Somalia in 1991 and has for decades pushed for international recognition. A self-proclaimed republic, it enjoys...
- But it has been diplomatically isolated since its unilateral declaration of independence.
- Egypt, Turkey, the six-nation Gulf Cooperation Council and the Saudi-based Organisation of Islamic Cooperation all condemned the decision.
Geostrategy
A saint, a monk, a rock: Bulgaria’s euro coin designs
Sofia, Bulgaria -- Ancient rock art, a patron saint and a monk will be emblazoned on euro coins from Thursday,...
- Bulgaria will become the 21st country to adopt the euro on Thursday.
- The single currency first rolled out in 12 countries on January 1, 2002, and has since regularly extended its influence, with Croatia the last country to join in 2023.
Geostrategy
Iraqis cover soil with clay to curb sandstorms
Samawah, Iraq -- Deep in Iraq’s southern desert, bulldozers and earthmovers spread layers of moist clay over sand dunes as...
- Iraq has long suffered from sand and dust storms, but in recent years they have become more frequent and intense as the country falls prey to the effects of climate change.
- Iraqi authorities have warned that these suffocating storms will intensify further, adding urgency to efforts to address the root of the problem.
Geostrategy
Saudi-led coalition warns of intervention against Yemen separatists
The statements came a day after reported Saudi airstrikes on separatist positions in Yemen's Hadramawt province — and after Washington...
- Saudi Defense Minister Khalid bin Salman posted on X that troops from the separatist STC should “peacefully hand over” two regional governorates to the government.
- In recent weeks, the UAE-backed STC, which seeks to revive the formerly independent state of South Yemen, swept through swaths of the country.
Economy
Turkish authorities make further arrests in football betting scandal
The betting scandal in Turkish football deepened on Friday as 29 people, including 14 footballers, were arrested, the Istanbul public...
- Their arrests follow the incarceration of six referees and the president of top tier club Eyupspor at the beginning of November
- Amongst those arrested were a former president of Turkish giants Galatasaray, Erden Timur, the vice-president of Eyuspor
Geostrategy
Zelensky to meet Trump in Florida on Sunday for talks on how to end the Russian invasion
Ukrainian President Volodymyr Zelensky is to meet US President Donald Trump in Florida on Sunday for talks on how to...
- The meeting to discuss new peace proposals comes amidst Trump's intensified efforts to broker an agreement to end the conflict
- The latest plan is a 20-point proposal that would freeze the front line but open the door for Ukraine to pull back troops from the east
Geostrategy
China’s high-speed rail network passes 50,000km mark
Beijing, China -- China's sprawling high-speed rail network passed 50,000 kilometers (31,000 miles) in total operating distance with the opening...
- The country has the world's largest rail network -- one-fifth longer than the circumference of the earth.
- China's rail network has expanded by around 32 percent compared to 2020, state-owned China Railway added Friday in a statement.
Geostrategy
Yemen separatists say Saudi air strikes will not deter them
A Yemeni military official said around 15,000 Saudi-backed fighters were amassed near the Saudi border -- but were not given...
- There were no immediate reports of casualties in the air strikes, which came amid a dramatic escalation in the decade-long conflict.
- The strikes came as a Yemeni government official in Riyadh told AFP that Saudi may be considering military action against the separatists if talks fail.
Economy
Syria to start replacing currency from Jan 1: central bank chief
Syria's central bank chief said Thursday that the country's currency would start to be replaced with a revamped version from...
- Central bank chief Abdul Qadir al-Hasriya said that "January 1, 2026, is the start date for the replacement process" for the currency
- Hasriya said the move comes at a "pivotal national juncture that reflects the beginning of a new economic and monetary era"
Geostrategy
14 countries condemn Israel’s expansion of West Bank settlements, say actions ‘violate international law’
Fourteen countries, including France, Britain, and Germany, condemned on Wednesday Israel's recent approval of new Jewish settlements in the occupied...
- In their statement, the countries stressed such unilateral actions "violate international law" and risk undermining the ceasefire in Gaza
- They also reaffirmed their "unwavering commitment to a comprehensive, just and lasting peace based on the two-state solution."
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World Bank lifts 2026 growth forecast, warns of softer demand
The bank expects world GDP growth of 2.6 percent this year, according to its latest global economic prospects report. The...
Economy
Company News
Latest News
Yemen separatists set for Riyadh talks after fighting: official
The leader of Yemen's separatists is heading to Riyadh on Tuesday for talks, a Yemeni official told AFP, after days...
Geostrategy
Venezuelan parliament swears in interim president after Maduro’s ouster
Venezuela's parliament swore in Delcy Rodriguez as interim president on Monday, two days after US forces seized her predecessor Nicolas...
Geostrategy
Oil prices gain, as equities extend record run higher
Oil prices have experienced choppy trading since the surprise US raid Saturday on Caracas that saw Venezuelan president Nicolas Maduro...
Business
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Geostrategy
Venezuela’s interim leader names commission to handle Maduro’s release
Venezuela's interim president Delcy Rodriguez on Sunday created a commission to seek the release of president Nicolas Maduro and his...
- Rodriguez tapped her brother Jorge, president of the National Assembly, and Foreign Minister Yvan Gil to co-chair the commission
- Accused of drug trafficking and terrorism, Maduro was detained in a New York jail Saturday and is due in court Monday
Geostrategy
Netanyahu says Israel won’t let Iran restore ballistic missile programme
Prime Minister Benjamin Netanyahu said Monday that Israel would not allow arch-foe Iran to restore its ballistic missile programme, just...
- "We will not allow Iran to restore its ballistic missile industry, and certainly we will not allow it renew the nuclear programme that we significantly damaged," Netanyahu said
- Netanyahu's threat comes days after Trump threatened to "eradicate" Iran's nuclear and ballistic missile programme, after the two leaders met in Washington last week
Business
Volatility grips oil market as nervous investors assess Venezuela
Having spiked in an initial reaction to the military operation to apprehend Nicolas Maduro in Caracas, oil prices quickly dropped...
- But then oil recovered again as investors realized that Venezuela is in no position to make a meaningful impact on oil supply in the short run.
- Trump's promise to rebuild Venezuela's crude production capacity with the help of American companies meanwhile sent stocks in oil majors soaring.