ChatGPT to get parental controls after teen’s death
Paris, France -- American artificial intelligence firm OpenAI said Tuesday it would add parental controls to its chatbot ChatGPT, a...
Geostrategy
Tunisian brutalist landmark faces wrecking ball, sparking outcry
Tunis, Tunisia -- Tunisia's brutalist landmark the Hotel du Lac -- a 1970s postcard icon said to have inspired a...
Arts & Culture
Economy
US Senate all set to pass debt deal bill as default almost avoided
US senators raced to pass a bipartisan debt limit deal approved overwhelmingly by the House of Representatives, with the worst-case...
- The bill passed the House on Wednesday with a big majority of 314 votes to 117 -- putting it on a glide path to the White House.
- The Senate has to agree unanimously to fast-track legislation and any individual member can draw out consideration of a bill for days.
Economy
Eurozone May inflation dips to 6.1 percent post drop in energy prices
European Central Bank vice president Luis de Guindos on Wednesday previewed the slowing eurozone inflation rate, calling it "positive" but...
- Energy inflation dipped into negative territory, falling by 1.7 percent, compared with an increase of 2.4 percent in April.
- Food and alcohol were key in driving inflation, rising 12.5 percent in May, although lower than the 13.5 percent pace in April.
Geostrategy
US imposes economic, visa sanctions over violence in Sudan
Washington, United States -- The White House on Thursday announced economic and visa sanctions against Sudanese leaders responsible for breaking...
- "We are following through by levying economic sanctions, imposing visa restrictions against actors who are perpetuating the violence," National Security Advisor Jake Sullivan said.
- Sullivan noted that the sanctions are being enacted under the authority ordered by President Joe Biden in May.
Geostrategy
Court in Lebanon accuses Hezbollah men of killing UN peacekeeper
A military judge has accused five members of the Iran-backed Hezbollah group, only one of whom is in custody, of...
- Footage from surveillance cameras near the scene of the incident "clearly shows the patrol being attacked by armed men from all sides", the court document read.
- Hezbollah has repeatedly denied involvement in the incident, and its security chief Wafic Safa has described the killing as "unintentional".
Business
QatarEnergy signs 15-year gas deal with Bangladesh firm
The state-owned hydrocarbon giant will supply 1.5 million tons annually starting in January 2026, the Qatari firm said at the...
- QatarEnergy chief said the gas could come from the North Field project which holds the world's biggest natural gas reserves and extends beneath the Gulf into Iranian territory.
- QatarEnergy currently supplies Bangladesh with more than 3.5 million tons of LNG per annum, Kaabi said. Qatar is one of world's top LNG producers.
Business
IEA says renewable energy capacity to increase at record level in 2023
PARIS, FRANCE - Renewable power capacity will grow by a record number this year as high fossil fuel prices and energy...
- Global additions of renewable energy capacity are expected to rise by 107 gigawatts to more than 440 GW in 2023.
- Newly installed solar and wind capacity is estimated to have save EU electricity consumers $107 billion between 2021-2023.
Business
UAE’s ADNOC Logistics surges 50 percent in share float
Shares in UAE state oil company ADNOC's logistics unit soared 50 percent as they hit the market in a $769...
- ADNOC Logistics and Services was heavily oversubscribed even after the offering was expanded from 1.1 billion to more than 1.4 billion shares
- The shares rose to over 3 dirhams ($0.82) on the Abu Dhabi stock exchange, up from the launch price of 2.01 dirhams, which was towards the top of its range
Turkish support in Germany for Erdogan fuels integration debate
Strong backing for President Recep Tayyip Erdogan among Turks in Germany in last weekend's historic election has sparked renewed soul-searching...
- Erdogan's success in Germany was helped in large part by well-organised, and well-funded overseas organisations, said Gokay Sofuoglu, chairman of the Turkish Community in Germany
- While many Turks in Germany have high levels of education, good jobs and decent incomes, critics say some still feel disillusioned by low levels of participation in politics
NATO chief to visit Ankara in ‘near future’ to push Sweden membership
Turkey and Hungary are the only NATO countries that have yet to ratify Sweden's membership bid. Erdogan, who was re-elected...
- Stoltenberg said he had already spoken to Erdogan by phone earlier this week to "highlight the importance of making progress" on Sweden's membership
- Swedish Foreign Minister said Stockholm had fulfilled "all the commitments" to join NATO and urged Turkey and Hungary to allow his country into the alliance
Carbon pricing needed to finance transition to clean energy: IMF official
Gita Gopinath said she believes there are grounds to provide subsidies to help stimulate innovation. Gopinath's intervention into the debate...
- Carbon pricing is also very effective in channeling investment where it needs to go, and providing the right kinds of incentives for buyers, Gita Gopinath said at a conference
- World needs to avoid a race in subsidies, where richer countries would sideline smaller countries' competitiveness with generous support, said IMF's First Deputy Managing Director
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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
ChatGPT to get parental controls after teen’s death
Paris, France -- American artificial intelligence firm OpenAI said Tuesday it would add parental controls to its chatbot ChatGPT, a...
Geostrategy
Company News
Latest News
Tech firms aiming for smaller, leaner AI models
Smaller AI models save energy, reduce costs, and enhance data security but work alongside large models for advanced solutions.
Business
Macron attends PIF-hosted Riyadh One Planet Sovereign Wealth Funds meet
Riyadh, Saudi Arabia -- French President Emmanuel Macron and over 100 CEOs besides members of OPSWF, asset managers, and private...
Geostrategy
Developing countries paid $1.4 trillion to service their debts in 2024
The poorest countries paid out more than $96 billion to service their debts, the Bank announced in its latest report...
Economy
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Lebanon says nine killed in Israeli strikes on southern villages
Many strikes on villages in southern Lebanon on Monday, after Israel said it was taking aim at dozens of Hezbollah...
- Israel has carried out a near-daily series of strikes in southern Lebanon since the ceasefire
- On Monday, the Lebanese army said an Israeli drone wounded a soldier
QatarEnergy inks gas supply deal for China with Shell
Doha, Qatar - Qatar has agreed to supply three million tonnes of gas a year to China in a deal...
- The liquefied natural gas deliveries would begin in January as part of a "new long-term sale and purchase agreement."
- Qatar is one of the world's top gas producers alongside the United States, Australia and Russia
Geostrategy
Israel vows ‘harsh response’ to Hezbollah attack
Israeli Defence Minister Israel Katz vowed a "harsh response" to a Hezbollah rocket launch targeting a military position on Monday
- At least two people were killed on Monday in Israeli strikes in southern Lebanon
- The ceasefire came into effect on November 27 and stipulates that Israel will not carry out offensive military operations