Electric cars are more eco-friendly even in US, study finds
Paris, France -- Electric vehicles are less harmful to the environment than their petrol-guzzling counterparts even in the United States,...
Research
Iran’s Khamenei says will not bow down to US
The remarks, delivered at a mosque in the capital Tehran, come two months since fighting halted between Iran and its...
Geostrategy
Business
Coca-Cola profits surge
Coca-Cola's profits came in at $3.1 billion, up 12% from 2022.
- Sales volumes grew three percent thanks to increases at sporting events, movie theaters and other away-from-home venues.
- The company benefited from the reopening of China's economy, but noted that activity is still below pre-pandemic levels.
Geostrategy
Australia sets in motion largest defense renovation in decades
Australia launched its biggest defense overhaul in decades, vowing to turn a military that is "no longer fit for purpose"...
- The biggest changes may be felt in the Australian army, which will now have a sharper focus on coastal defense.
- Australia's military will develop the ability to strike from air, land and sea, strengthen northern bases and recruit more troops.
Business
Russian tech company Sber launches GPTChat rival Gigachat
The state company said in a statement on its website that it was "launching its own version" of a chatbot,...
- Sber said GigaChat can "have a conversation, write messages, respond to factual questions" but also "write code" and "create images from descriptions".
- Russia has been strengthening its domestic technology sector, particularly since being hit by Western sanctions after the Kremlin launched its Ukraine offensive.
Geostrategy
China rejects envoy’s claims on ex-Soviet countries sovereignty
China insisted it respects the sovereignty of all ex-Soviet countries, after comments by its ambassador to France drew ire in...
- Beijing distanced itself from Lu's remarks - while also defending its claimed neutral stance on Russia's war in Ukraine.
- Lu said countries that emerged after the fall of the Soviet Union "don't have effective status under international law.
Business
German business confidence up in April but rise weaker than expected
"German business's worries are abating, but the economy is still lacking dynamism," said Ifo president Clemens Fuest.
- The Ifo institute's monthly confidence barometer, based on a survey of about 9,000 companies, rose to 93.6 points from 93.2 points in March.
- Manufacturers have been boosted in the short term by lower energy prices -- which had surged last year following Russia's invasion of Ukraine.
Geostrategy
Israel arrests Jordan MP for smuggling arms, gold into West Bank
Jordan's foreign ministry said that Israel has arrested Imad Adwan, a member of parliament, suspected of smuggling weapons and gold...
- The foreign ministry said that Jordan is seeking to find out the details of his arrest and address "it as quickly as possible"
- According to Israeli media, he was arrested at the King Hussein (Allenby) crossing in the West Bank, which Israel has occupied since 1967
Science
SpaceX rocket leaves trail of debris, craters at Texas base
During takeoff, SpaceX video showed a hail of debris being blasted as far as the Gulf of Mexico, over 1,400...
- After Thursday's test, Musk said that SpaceX had begun building "a massive water-cooled steel plate to go under the launch mount"
- The US agency, which is leading an investigation into the explosion, has confirmed that no injuries resulted from Thursday's test
Economy
Air pollution causes more than 1,200 deaths a year: EU agency
The EU environmental agency said that air pollution is responsible for causing more than 1,200 premature deaths a year in...
- The overall death tolls for the continent could be higher as the report did not cover the major industrial nations of Russia, Ukraine and the United Kingdom
- According to figures released on Monday, ninety-seven percent of the urban population were in 2021 exposed to air that did not meet WHO recommendations
Geostrategy
Chinese diplomat’s views on post USSR nations draw EU ire
Brussels, Belgium - Comments made by the Chinese ambassador to France questioning the sovereignty of post-Soviet countries were "unacceptable," EU foreign...
- Ambassador Lu Shaye suggested countries that emerged after the fall of the Soviet Union "don't have effective status under international law.
- Ukraine and other independent post-Soviet nations -- including EU members Estonia, Latvia and Lithuania -- have condemned Lu's remarks.
Geostrategy
Syrians in rebel-held Idlib rally against Arab-Assad detente
"We came to send a message to the whole world that with this normalization, you will gain Bashar al-Assad the...
- Several hundred Syrians, some displaced from other parts of the country by the 12-year war, took part in the protest, according to an AFP reporter.
- Idlib is home to about three million people. The enclave is controlled by Hayat Tahrir al-Sham, the former Syrian branch of Al-Qaeda, and other rebel groups.
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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
Electric cars are more eco-friendly even in US, study finds
Paris, France -- Electric vehicles are less harmful to the environment than their petrol-guzzling counterparts even in the United States,...
Research
Company News
Latest News
JPMorgan Chase profits up 6%
Business
Updates: Israel slaps ban on United Nations and kills more than 150 in Lebanon and Gaza
Shunning international pressure, Israeli parliament passed a bill banning a United Nations aid agency, and also intensified its strikes against...
Geostrategy
Global VC investment falls to lowest level in nearly seven years
Global VC investment fell from a five-quarter high of US$95.5 billion in Q2'24 to a nearly seven-year low of US$70.1...
Business
Iran FM says ‘received indications’ before Israeli attack
Araghchi said the "necessary measures" were taken when the attack unfolded, adding that he had been in contact with military...
Geostrategy
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Geostrategy
Media: Two major American liberal newspapers refuse to endorse Kamala Harris
With few days remaining to vote in the US election, two major liberal American newspapers have decided not to endorse...
- The Los Angeles Times and The Washington Post say they will not endorse Kamala Harris or any presidential candidate
- "Our job as the newspaper of the capital city of the most important country in the world is to be independent"
Geostrategy
Saudi Arabia opens resort island at futuristic mega-city NEOM
Riyadh, Saudi Arabia -- Saudi Arabia's planned futuristic mega-city known as NEOM announced on Sunday the opening of its "first physical...
- The Red Sea island, known as Sindalah, is "spread over 840,000 square meters" (200 acres) and will be set to receive "up to 2,400 guests per day by 2028".
- NEOM is best known for The Line, twin mirror-encased 170-kilometre-long skyscrapers meant to extend inland from the coast.
Geostrategy
Updates: Iran calls on UN Security Council to condemn Israeli strikes amid fresh peace efforts
Iran unlikely to escalate situation with Israel, say experts, as UN chief says destruction in Gaza is "shocking". Netanyahu faces...
- Iran sends letter to the UN Council to condemn Israeli "aggression" intelligence chief meet in Doha to discuss ceasefire
- "Repeated efforts to deliver humanitarian supplies essential to survive -- food, medicine and shelter -- continue to be denied by the Israeli authorities..."