Hezbollah chief rejects disarmament ahead of government talks with visiting US officials
Hezbollah's chief on Monday doubled down on his refusal to give up the group's weapons ahead of talks between Lebanese...
Geostrategy
Five journalists among 20 killed in Israeli strikes on Gaza’s Nasser Hospital
According to the media watchdogs Committee to Protect Journalists and Reporters Without Borders, around 200 journalists have been killed in...
Geostrategy
Business
Unilever revenue rises in Q1
Inflation pushes the consumer goods giant to hike prices.
- Uniliver said revenue increased 7 percent to 14.8 billion euros ($16.4 billion) compared with the first three months of 2022
- Unilever, like companies worldwide, is passing on higher costs to customers as inflation stays stubbornly elevated
‘Nightmare’: Sudan evacuees fear for those left behind
On Wednesday, after a harrowing overland journey and overnight boat trip across the Red Sea, Sudan evacuees who have fled...
- Evacuees began arriving in Saudi Arabia on Saturday, on naval ships that reached Jeddah carrying 150 people including foreign diplomats and officials
- The rescue operation completed on Wednesday morning was by far the largest to date as more than 1600 civilians were arrived to the coastal Saudi city of Jeddah
BP faces angry shareholders over climate plans
BP in February announced that it expected to boost its profits between now and 2030 by investing more in both...
- Some of Britain's biggest pension funds have warned that they will oppose the renewal of Helge Lund's mandate at the annual general meeting in London
- Activist shareholders' group Follow This, which wants "Big Oil to go green", has also put forward a resolution calling for BP to be more ambitious in its climate objectives
Iran director Panahi travels abroad after 14-year ban
The 62-year-old Iranian director, whose films have won numerous international awards, was freed on bail in early February after nearly...
- On Tuesday evening Panahi's wife posted a photo on Instagram of herself and the filmmaker at an airport, with both appearing happy to leave the country after a 14-year ban
- Panahi was banned from making films and leaving the Islamic republic after supporting mass protests in 2009 and making a series of films that critiqued the state of modern Iran
Business
Boeing Q1 loss $425m
Boeing's loss in the first quarter of 2022 was $1.2 billion.
- Boeing affirmed its full-year outlook for operating cash flow, a key metric, and for 737 plane deliveries in 2023.
- Boeing's revenues came in at $17.9 billion, up 28 percent from Q1 2022 and topping analyst expectations.
Business
One in five cars sold this year will be an electric vehicle: IEA
The International Energy Agency (IEA) said the rapid electrification of road transportation will have big implications for the energy industry as...
- In its annual report on electric vehicles, the IEA said it expects annual sales to rise 35 percent this year to reach 14 million.
- The IEA said the overwhelming majority of electric car sales are concentrated in three markets: China, Europe and the United States.
Business
Britain blocks $69-billion Activision takeover bid by Microsoft
The UK's Competition and Markets Authority prevented the deal "over concerns... (it) would alter the future of the fast-growing cloud...
- Microsoft said it would appeal the verdict over its vast takeover, which has yet to win regulatory approvals in Europe or the US.
- The Xbox-owner launched in 2022 its bid to create the world's third biggest gaming company by revenue with the takeover of Activision.
Business
EU agrees to boost use of green aviation fuel to cut emissions
Aviation emissions in Europe were on an upward curve of around five percent per year between 2013 and 2019, dropping...
- European Union is eyeing a net carbon-neutral future, and the decision to use sustainable fuel is a step towards it.
- "This agreement provides certainty for the SAF (sustainable aviation fuel) industry and airlines alike," said an official
Business
GSK Q1 profit dips
Revenue dropped more than three percent to $8.74 billion.
- Profit after tax fell to £1.5 billion ($1.9 billion) compared with the first three months of 2022.
- GSK is seeking to concentrate on development of new drugs after overseeing the split of Haleon.
Erdogan cancels poll appearances after developing stomach bug
Erdogan cut short a live television interview late on Tuesday after getting sick on air. His television appearance began more...
- The 69-year-old leader's announcement came three weeks before Turkey holds what is viewed as its most important election of its post-Ottoman era
- He is running neck-and-neck with secular opposition leader Kemal Kilicdaroglu and had three campaign appearances planned for Wednesday
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
Hezbollah chief rejects disarmament ahead of government talks with visiting US officials
Hezbollah's chief on Monday doubled down on his refusal to give up the group's weapons ahead of talks between Lebanese...
Geostrategy
Company News
Latest News
OpenAI comes to Asia
Business
Saudi, US FM says could move ‘quite quickly’ on some deals with US
Since last year Saudi Arabia has been bargaining hard for a defense pact with the United States as well as...
Geostrategy
New Hezbollah leader signals ceasefire openness, but Israel demands Hezbollah withdrawal, border security
Israel’s security cabinet discussed terms, including Hezbollah’s withdrawal north of the Litani River and Lebanese army deployment along the border...
New Hezbollah leader says will accept ceasefire with Israel if terms ‘suitable’
Qassem replaces Hasan Nasrallah who was assassinated by Israel on September 27 after more than 30 years at the helm...
Geostrategy
Most Read
How harmful are microplastics to human health?
A New England Journal of Medicine study found microplastics in blood vessels are linked to higher risks of heart attack,...
- These tiny pieces of plastic have been detected almost everywhere on Earth, from the deepest oceans to the highest mountains, as well as in the air, water, soil and food chain
- Every day humans ingest, inhale or otherwise come in contact with microplastics, which are less than five millimetres (0.2 inches) and mostly invisible to the naked eye
Hezbollah names Naim Qassem as leader; Israel vows he “won’t last long” amid escalating conflict
Hezbollah's Qassem, succeeding slain Nasrallah, pledges resistance as Israel intensifies Gaza strikes, killing scores. International anger grows after Israel's UNRWA...
- Hezbollah pledged to keep "the flame of resistance burning" until victory is achieved against Israel after all-out war erupted on September 23
- Qassem had long operated in the shadow of Nasrallah, a towering leader who was one of the most enigmatic and influential figures in the Middle East
Geostrategy
Mideast at ‘most dangerous juncture’ in decades: UN official
The UN's special coordinator for Middle East peace warned that the region was at its "most dangerous juncture" in decades
- Israel's retaliatory offensive has killed at least 43,020 Palestinians in Gaza
- And in Lebanon, at least 1,700 people have been killed since September 23