Turkey bars Israeli ships and flights from its territory
Ties between Turkey and Israel have been shattered by Israel's war against Hamas in Gaza, with Ankara accusing Israel of...
Geostrategy
Israeli forces raid site near Syria capital after bombing it several times: state media
Israeli forces conducted an overnight airborne raid on a site near the Syrian capital after bombing it several times, Syrian...
Geostrategy
Business
Ryanair orders 300 Boeing jets
The $40bn order is the largest ever by an Irish firm for US goods.
- The jets are set for delivery between 2027 and 2033, while airlines traditionally negotiate substantial discounts on list prices, especially for big orders.
- The Dublin-based carrier said the deal would be subject to shareholder approval at its annual general meeting in September, owing to the size and scale of the transaction.
Business
Carrefour now opens in Israel
French retailer is first foreign supermarket chain in Israel.
- Simmering rage over costs and income inequality dominated the country's elections in November.
- Inflation hit 5.2 percent year-on-year, the central bank said in April, a record high for Israel in over a decade.
Geostrategy
Syrian, Turkish foreign ministers meeting boost for Erdogan
The sides will "exchange views on the normalization of relations between Turkey and Syria, discuss humanitarian issues... and the voluntary,...
- The top diplomats of Russia and Iran will also be a part of the meeting in Moscow, Turkey's foreign ministry said in a statement.
- Erdogan had turned into one of Assad's fiercest opponents when the violent repression of protests set off Syria's civil war in 2011.
Geostrategy
Arrest may hinder Imran Khan’s path to second Pakistan innings
Islamabad, Pakistan -- Since being ousted from office by a vote of no confidence last year, former Pakistan prime minister Imran...
- The one-time international cricket star was arrested as he appeared at Islamabad High Court to face one of a slew of cases levelled against him.
- Khan's vision was for Pakistan to become a welfare state modelled on the Islamic golden age of the seventh to 14th centuries.
Economy
Global stocks mostly drop on eve of key US inflation data
The dollar wobbled following strong gains in the wake of Friday's solid US labor market figures, while oil prices dropped...
- "US inflation data… will play a key role in shaping the Fed's interest rate plans moving forward," said Nigel Green, head of financial advisory firm deVere Group.
- A drop in the inflation reading in recent months has fanned hopes that the Fed will soon pause its tightening campaign and even begin cutting by the end of the year.
Business
Messi makes blockbuster Saudi move, will play next season
The deal would mean Messi potentially joins his arch-rival Cristiano Ronaldo in the Saudi league. There was no confirmation from...
- Reportedly, Messi has been signed under a 'huge' contract by a Saudi club, the details of which are yet to be revealed
- Messi's long-time sparring partner Ronaldo joined Saudi Pro League club Al Nassr in a massive deal in January.
Business
Credit Suisse CEO to join executive board after takeover: UBS
Koerner will be the only executive from Credit Suisse to remain on board after the bank is absorbed by UBS....
- Swiss-German Koerner held top positions at UBS for a decade before jumping ship to Credit Suisse last year with the tough task of reviving the troubled bank
- With his knowledge of both organisations, Ulrich Koerner will be responsible for ensuring Credit Suisse's operational continuity and client focus, UBS said
LinkedIn closes China service, citing ‘fierce competition,’ cuts 700 jobs
Microsoft-owned LinkedIn was one of the few US technology companies to successfully operate a social media site in China, where...
- An email from LinkedIn CEO Ryan Roslansky published online added that pulling out of China would result in "a reduction of roles for 716 employees"
- Most US internet giants including Facebook, Twitter, Instagram and YouTube have long been blocked in China as they fail to comply with strict regulations
Business
Twitter canceling accounts that haven’t been used for a long time
Since Musk bought Twitter, the company has relaxed the moderation of content on the network, letting back many users banned...
- The move comes as Twitter's new boss Elon Musk tries to ramp up engagement, and opportunities to make money, at the online platform he bought for $44 billion last year
- Musk-mandated changes at Twitter from slashing staff to doing away with free verification check marks seen as stamps of authenticity have alienated users and advertisers
Business
Aramco Q1 earnings take a hit
The Saudi company posts net profit of $31.9bn, down 19.25 percent from a year earlier.
- The result was lower than the $39.5 billion reported in the same period in 2022, when Russia's invasion of Ukraine caused oil prices to surge
- Aramco is the jewel of the Saudi economy and the main source of revenue for Crown Prince Mohammed bin Salman's Vision 2030
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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
Turkey bars Israeli ships and flights from its territory
Ties between Turkey and Israel have been shattered by Israel's war against Hamas in Gaza, with Ankara accusing Israel of...
Geostrategy
Company News
Amazon triples quarterly profit
Business
Latest News
Blinken presses for Gaza aid on Jordan visit
Geostrategy
McDonald’s profits up 7%
Business
With Trump’s presidency, expect pro-Israel policies to replace Biden’s nuanced approach in Middle East relations
Trump’s return could shift US policy on Israel, with his Republican Party's pro-Israel stance and his preference for "America First"...
Geostrategy
Xi, Biden in Peru for APEC summit, pre-Trump face-to-face
uncertainty over Trump's next moves now clouds the APEC agenda -- as it does for the COP29 climate talks underway...
TikTok makes AI driven ad tool available globally
San Francisco, United States - TikTok on Thursday began letting all marketers on its platform use an artificial intelligence-powered tool for...
Business
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HRW accuses Israel of ‘war crime’ with ‘forcible transfer’ in Gaza
Human Rights Watch said in a report released Thursday that Israel's repeated evacuation orders in Gaza amount to the "war...
- "Israel's actions appear to also meet the definition of ethnic cleansing"- HRW
- 1.9 million Palestinians were displaced in Gaza as of October 2024
Geostrategy
Nations far apart in COP29 climate finance talks
According to the latest draft of the long-sought climate finance pact, most developing countries favor an annual commitment from wealthy...
- A new agreement to boost money for climate action in developing countries is the top priority
- COP29 runs until November 22 but climate talks often run into overtime
Geostrategy
UN nuclear chief heads to Iran for crucial talks
International Atomic Energy Agency chief Rafael Grossi is set to visit Tehran on Wednesday for crucial talks on Iran's nuclear...
- Israel has warned Iran it was "more exposed than ever" to strikes on its nuclear facilities
- Tehran has deactivated surveillance devices needed to monitor the nuclear program