The US and Venezuela’s vast oil reserves: key questions amid sanctions, geopolitics and energy
After a US military operation that seized Nicolas Maduro, President Donald Trump said he wants to allow American oil companies...
Geostrategy
Norway closes in on objective of 100 percent electric car sales
Oslo, Norway -- Norway came close to its objective of selling only zero-emission cars in 2025, with electric vehicles accounting...
Geostrategy
Business
Qatar ready to invest $21 bn in DR Congo: Kinshasa
Kinshasa, DR Congo -- Qatari investment firm Al Mansour Holding hopes to invest $21 billion in the Democratic Republic of...
- Group founder and royal family member Sheikh Mansour bin Jabor bin Jassim Al Thani visited the DRC capital Kinshasa on Tuesday as part of an African tour.
- The investment would be in various sectors, including agriculture, finance, mining, pharmaceuticals and hydrocarbons.
Business
Global bond selloff spreads to Japan, gold hits record high
Wall Street stocks opened mostly higher, with shares in Google parent-company Alphabet shooting up nearly seven percent after winning a...
- Yields on 30-year Japanese government bonds rose to an all-time high of 3.29 percent on Wednesday, while 20-year yields reached their highest since 1999.
- The selloff in Japanese debt mirrors widespread moves in the United States and Europe, with investors spooked over substantial piles of government debt globally.
Geostrategy
Israel expecting one million Gazans to flee new offensive, planning “humanitarian area” for them
The Israeli military has been gearing up to seize Gaza City, the Palestinian territory's largest urban centre, with the United...
- Last month, Israel approved a major settlement project just east of Jerusalem that the international community has warned threatens the viability of future Palestinian statehood.
- And on Wednesday, Israel's Finance Minister Bezalel Smotrich called for annexation of swathes of the West Bank, after Belgium said it would recognize a Palestine as a state.
Geostrategy
Lost for 50 years, Nobel patents found in Swedish summer home
Stockholm, Sweden -- A dozen patents belonging to Swedish inventor and philanthropist Alfred Nobel and lost for almost 50 years...
- Nobel -- who discovered dynamite in 1867 and created the Nobel Prizes in his 1895 will -- had hundreds of patents in several countries.
- Nobel was known as a globetrotter -- he was nicknamed "the richest vagabond in the world" -- who at various times in his life lived in Sweden, Russia, Germany, France.
Geostrategy
Turkey court ousts leadership of opposition’s Istanbul branch
Turkey's main opposition CHP party on Tuesday vowed to fight after a court dismissed the leadership of its Istanbul branch...
- The Republican People's Party (CHP) won a huge victory over President Recep Tayyip Erdogan's AKP party in the 2024 local elections and has been rising in the polls
- The cases began in earnest in March with the jailing of Istanbul's popular mayor Ekrem Imamoglu, who was seen as the sole candidate with a realistic chance at beating Erdogan
Geostrategy
Iran says open to US nuclear talks, rejects missile curbs
Security chief Ali Larijani said Tuesday that Iran was open to nuclear talks with the United States but ruled out...
- "The path for negotiations with the US is not closed; yet these are the Americans who only pay lip service to talks; and they wrongly blame Iran for it," said Larijani
- The remarks came days after the United States welcomed a move by European powers to reimpose UN sanctions on Iran but said it remained "available for direct engagement with Iran".
Geostrategy
Gaza mother hopes Venice film about final moments of slain child helps end war
The mother of Hind Rajab, a five-year-old Palestinian girl killed by Israeli forces in Gaza, hopes that a film about...
- Rajab's body was recovered from a car riddled with bullets in Gaza City days after she was last heard from, in a desperate, hours-long phone call to the Palestinian Red Crescent
- She had made the emergency call after her family's car came under fire during an attempt to flee Gaza City amid an Israeli advance in the Palestinian territory's north
Geostrategy
Post SCO summit, Kim, Putin at Xi’s side for massive China military parade in Beijing
In unprecedented scenes, Xi shook both their hands and chatted with the pair as they walked down a red carpet...
- In unprecedented scenes, Xi shook both their hands and chatted with the pair as they walked down a red carpet towards Tiananmen Square, with Putin to Xi's right and Kim to his left
- Thousands of people sang patriotic songs, and there was a gun salute as the showpiece extravaganza to mark 80 years since the end of World War II got underway
Geostrategy
France issues arrest warrant for Syria’s Assad over 2012 journalist killings: lawyers
Paris, France -- French judicial authorities have issued arrest warrants for ousted Syrian president Bashar al-Assad and six other top...
- British photographer Paul Conroy, French reporter Edith Bouvier and Syrian translator Wael Omar were wounded in the attack on the informal press center where they had been working.
- Assad escaped with his family to Russia after being ousted by Islamist rebels at the end of 2024 although his precise whereabouts have not been confirmed.
Arts & Culture
Big dreams but no protein shake: Yemeni bodybuilder fighting to make it
Al Mukalla, Yemen -- In a dimly lit, suffocatingly hot gym in Yemen, bodybuilder Saleh Hussein al-Raidi wraps his hands...
- Raidi is fueled more by passion than the strict nutrition regimen required by his sport, his meals often limited to a small piece of fish with rice.
- Supporting his family is already a daily struggle, even before he pays for what little specialist food and supplements he can afford.
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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
The US and Venezuela’s vast oil reserves: key questions amid sanctions, geopolitics and energy
After a US military operation that seized Nicolas Maduro, President Donald Trump said he wants to allow American oil companies...
Geostrategy
Company News
Latest News
Ozempic maker lowers outlook
Business
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
Israeli strikes kill 21 in Gaza, dozens more wounded: Civil defense
Mahmud Bassal, spokesman for the civil defense agency, Bassal said one strike hit a house in Deir el-Balah in the...
Geostrategy
Amazon climate deal a ‘win’ for global unity but fossil fuels untouched
Nearly 200 countries approved the deal by consensus after two weeks of exhaustive negotiations on the fringes of the rainforest,...
Geostrategy
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Geostrategy
Trump pushes Ukraine to accept his plan for ending the war ahead of Nov 27 deadline
"He'll have to like it, and if he doesn't like it, then you know, they should just keep fighting," Trump...
- "He'll have to like it, and if he doesn't like it, then you know, they should just keep fighting," Trump told reporters who asked about Zelensky's less-than-enthusiastic response
- "At some point he's going to have to accept something," Trump added during the Oval Office meeting with New York City's future mayor Zohran Mamdani
Geostrategy
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...
- Under the terms of the agreement, the UAE will invest in energy, artificial intelligence, logistics, mining and other priority national and strategic industries in Canada.
- Foreign direct investment stock from the UAE in Canada stood at $8.8 billion in 2024, while Canadian direct investment stock in the UAE totaled $242 million that same year.
Geostrategy
COP30 deal under threat as nations clash over fossil fuels
The draft text unveiled by COP30 host Brazil made no mention of "fossil fuels" or the word "roadmap" that President...
- Divisions remain not just over fossil fuels but trade measures and finance for poorer nations to adapt to climate change and move to a low-carbon future.
- More than 30 countries had warned in a letter to Brazil that they would reject any deal that did not include a plan to move away from fossil fuels.