Hamas confirms death of Gaza chief Mohammed Sinwar
Pictures released by the Palestinian group on Saturday showed him alongside other political and military leaders described as "martyrs of...
Geostrategy
Red Cross warns against evacuation of Gaza City as Israel tightens siege
The Red Cross warned on Saturday that any Israeli efforts to evacuate Gaza City would put residents at risk, as...
Geostrategy
Geostrategy
G7 to squeeze Russia, weigh risk of China’s ‘economic coercion’
Japanese PM Fumio Kishida is hosting leaders from six other wealthy democracies in his hometown -- a city synonymous with...
- G7 nations have already adopted sanctions on Russian banks and military firms, and placed price caps on Russian crude. Discussions are expected on tighter enforcement.
- Summit discussions on China are expected to focus on efforts to insulate G7 economies from potential economic blackmail, by diversifying supply chains and markets.
Business
BT to axe 55,000 employees
BT employs 130,000 staff, including contractors.
- The news follows the axing this year of tens of thousands of jobs across the global tech sector.
- BT is implementing further cutbacks, having slashed costs under a plan launched three years ago.
Business
Walmart hikes 2023 profit forecast
Two thirds of Walmart sales originate from US.
- Walmart now sees full-year adjusted profits of $6.10 to $$6.20 per share, up from the prior range of $5.90 to $6.05.
- Profits were $1.7 billion, down 18.5 percent from the year-ago period. Revenues were $152.3 billion, up 7.6 percent.
Business
easyJet H1 loss $382m
Aviation sector is flying high after a tumultuous period
- The carrier added that revenues soared 80 percent to £2.7 billion ($3.36bn) on higher ticket prices and increased capacity.
- Costs, however, leapt 52 percent to £3.1 billion ($3.85bn) on a "significantly" increased jet fuel bill and "industry-wide" inflationary pressures.
Geostrategy
Conflict zones in Middle East are not getting climate funds, say aid groups
DUBAI, UAE - Conflict-plagued countries in the Middle East are among the most vulnerable to climate change but are almost entirely...
- The UN ranks Iraq, recovering from decades of conflict, as one of five countries most impacted by effects of climate change including drought.
- Syria and Yemen are also at heightened risk following years of war that has battered both the country's infrastructure.
Geostrategy
Amid G7 gathering in Japan, Xi hosts summit with Central Asian leaders
Beijing says trade with Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan reached $70 billion in 2022 and expanded 22 percent year-on-year...
- Held in the ancient Chinese city of Xi'an, the historic eastern end of the Silk Road that linked China to Europe, this week's summit is of "milestone significance"
- It comes as Beijing pushes to fill the vacuum left in former Soviet states by Russia's war in Ukraine -- and as Xi attempts to expand China's global influence
Lebanon’s ‘Village of Roses’ perfumes Middle East air
The oil derived from the famed Damask rose--named after the ancient city of Damascus located just across the mountain range...
- After a morning collecting roses, the Qsarnaba workers drop their fragrant bundles at a warehouse in the village where they are paid based on their harvest
- At the village facility carpeted with pink petals, Zahraa Sayed Ahmed buys the raw materials to produce her rose water, syrup, tea and jam
World’s oldest near-complete Hebrew Bible sells for $38m
The manuscript was auctioned for the first time in more than 30 years and had a pre-sale estimate of between...
- The Codex Sassoon was bought by former US diplomat Alfred Moses on behalf of an American nonprofit that will gift it to the ANU Museum of the Jewish People, Sotheby's said
- The sale surpassed the $30.8 million that Bill Gates paid for Leonardo da Vinci's Codex Leicester manuscript in 1994 as the most expensive handwritten document ever sold at auction
Netflix ad-supported plan has nearly 5m users
As growth at Netflix cooled last year, the Silicon Valley-based streaming company focused on creating a lower priced subscription tier...
- The streaming television star touted its shows, viewer demographics, and more at a virtual "Upfront" presentation to advertisers
- More than 70 percent of those subscribing to the ad-supported plan at Netflix range in age from 18 to 49, according to the company
Economy
Ukraine grain deal extended for two months: Erdogan
Erdogan made the announcement one day before it had been due to expire, scoring a diplomatic coup ahead of a...
- Erdogan said Russia had agreed not to block ships from leaving two Ukrainian harbours, expressing hope that the deal would be "beneficial for all the parties"
- NATO member Turkey has worked to maintain good ties between Russia and Ukraine, hosting two but unsuccessful rounds of peace talks between the warring sides
Most Read
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
Hamas confirms death of Gaza chief Mohammed Sinwar
Pictures released by the Palestinian group on Saturday showed him alongside other political and military leaders described as "martyrs of...
Geostrategy
Company News
Latest News
Big money as Saudi Arabia makes foray into cricket with IPL auction
Crown Prince Mohammed bin Salman has backed extravagant sports investments -- set to culminate in Saudi Arabia hosting the football...
Rocket fire wounds four UN peacekeepers in Lebanon
Italian Defence Minister Guido Crosetto said two 122 mm rockets appeared to have hit a bunker on the base. The...
Geostrategy
Wealthy nations offer $250bn on climate but pressed for more
At the COP29 talks in Azerbaijan, developing nations are demanding a bigger commitment from historic polluters most responsible for warming,...
Geostrategy
Most Read
‘Moment of truth’ for world-first plastic pollution treaty
Bangkok, Thailand - Plastic pollution litters our seas, our air and even our bodies, but negotiators face an uphill battle next...
- Countries will have a week in South Korea's Busan from Monday to round off two years of negotiations
- The talks are a "moment of truth", UN Environment Programme chief Inger Andersen warned this month
Geostrategy
Putin hints at strikes on West in ‘global’ Ukraine war
In a defiant address to the nation, Russia's president railed at Ukraine's allies granting permission for Kyiv to use Western-supplied...
- The Kremlin strongman spoke out after a day of frayed nerves, with Russia test-firing a new generation intermediate-range missile at Ukraine
- Ukraine's President Volodymyr Zelensky branded the strike a major ramping up of the "scale and brutality" of the war by a "crazy neighbour."
Geostrategy
ICC issues arrest warrants for Netanyahu, Gallant, Deif
The court said it had found "reasonable grounds" to believe Netanyahu and Gallant bore "criminal responsibility" for war crimes
- The ICC's move now theoretically limits the movement of Netanyahu
- A warrant had also been issued for Deif