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
India’s Modi dangles tax cuts as US tariffs loom
Mumbai, India -- Indian Prime Minister Narendra Modi's push to slash consumption taxes on everyday goods could deliver billions of...
Economy
Geostrategy
Thousands of Israelis protest Netanyahu’s judicial reform plan
Saturday's demonstration comes ahead of another mass protest planned for the coastal city on Sunday to coincide with a Netanyahu...
- The weekly protests have continued despite Benjamin Netanyahu on March 27 announcing a pause to allow for talks on reforms
- Opponents of the reform plan another demonstration on Tuesday in Tel Aviv ahead of Independence Day on Wednesday
Economy
Investors hope for answers in UBS, Credit Suisse quarterly results
Credit Suisse pushed forward its result release to come out the day before those of UBS, as Switzerland's largest bank...
- According to data compiled by US financial services firm Morningstar, Credit Suisse saw around $5.1 billion withdrawn from funds during the month of March
- Analyst expected UBS on Tuesday to post a first quarter profit of nearly $1.7 billion, below the $2.1 billion it made during the same quarter a year ago
Geostrategy
US military evacuates American embassy staff from Sudan’s capital
Calling for an end to the "unconscionable" fighting in Sudan's capital, US President Joe Biden pushed for an "immediate and...
- US Secretary of State Antony Blinken in a statement said he ordered the evacuation of staff and their families due to the "serious and growing security risks"
- The raging fighting between army chief's forces and his former deputy's paramilitary group began April 15 over a dispute on the planned integration of it into the regular army
Geostrategy
Morocco appoints new second-in-command amid tensions with Algeria
In the midst of strain with Algeria over the Western Sahara, Morocco's King Mohammed VI has appointed a new second-in-command...
- At the handover Farouk, 75, whose successor is around seven years younger, was in wheelchair, and no reason for the change was given
- The change coincides with heightened tensions with Algeria after the collapse of a decades-old ceasefire in the Western Sahara
Geostrategy
Ship carrying civilians evacuated from Sudan arrives in Saudi Arabia
A boat carrying Saudi citizens and other nationals rescued from battle-scarred Sudan arrived in Jeddah, Saudi state television said, in...
- The boat docked at the Red Sea port of Jeddah where four other ships carrying 108 people from 11 different countries was expected to arrive later.
- Those who have arrived in Jeddah include the crew of a Saudi passenger plane that was hit by gunfire while preparing to take off from Khartoum.
Geostrategy
Russia expels more than 20 officials from German embassy
MOSCOW, RUSSIA - The Russian foreign ministry spokeswoman on Saturday announced the expulsion of "more than 20" German diplomats as a...
- Russian ministry spokesperson told state-run television Zvezda that Moscow had decided to expel "more than 20" diplomats.
- Her statement came shortly after Russia denounced "another mass expulsion of employees of Russian diplomatic missions in Germany.
Business
China leads in transition from petrol to EVs
According to the China Association of Automobile Manufacturers, electric vehicles made up 25 percent of car sales in the country...
- Government support for EVs and growing interest from a vast consumer base has assured Chinese companies' dominance.
- Despite a downturn across the global auto sector, an official said EVs' market share in China could increase to over 40 percent in 2023.
Business
Canada to allot US$9.8bn in subsidies for Volkswagen battery plant
Ottawa, Canada--Canadian Prime Minister Justin Trudeau announced Friday up to 13.2 billion Canadian dollars ($9.8 billion) in subsidies over 10 years...
- Terming the funding a "generational investment", Trudeau said that the new plant is expected to generate about Can$200 billion in value
- In order to attract auto makers, Canada has made a big push into batteries for electric vehicles, touting tax incentives and clean energy
Business
Reliance posts Q1 profit rise
It posted better-than-expected profit increase to US$2.35bn.
- According to a poll by an Indian newspaper, the result exceeded analysts' expectations of slower profit growth of around $2.04 billion
- The company's telecom wing reported a 13.01 percent increase in net profit to $574.76 million from a year ago
Economy
US inflation now ‘broad-based,’ top Fed official says
Signaling its resolve to keep fighting price rises, the US central bank has said that interest rates may need to...
- Lisa Cook, Fed governor, said on Friday that overall inflation, and other underlying measures of consumer price increases, remained high
- She noted that interest rate hikes would be determined by the impact of the recent financial sector turmoil on bank lending
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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
Company News
ByteDance profits jump 60%
Business
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BP issues upbeat Q1 outlook
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...
Geostrategy
Updates: Israel targets key military sites in Iran amid escalating tensions in Middle East
Explosions sounded across Tehran after Israel’s airstrikes on Iranian military sites, raising fears of a broader conflict in the Middle...
Geostrategy
Saudis part ways with coach Mancini after a run of poor results
Riyadh, Saudi Arabia -- Saudi Arabia's football body said it was ending the contract of national coach Roberto Mancini after 14...
Arts & Culture
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Geostrategy
Israel to send negotiators to new Gaza truce talks in Qatar
The head of Israel's Mossad spy agency, David Barnea, will head to Qatari capital Doha on Sunday, the Israeli prime...
- US Secretary of State Antony Blinken said that mediators would explore new options after the failure of previous efforts to seal a ceasefire and hostage release deal.
- The US and Qatar were seeking a plan "so that Israel can withdraw, so that Hamas cannot reconstitute, and so that the Palestinian people can rebuild their lives.
Geostrategy
Beirut’s suburbs ravaged by Israeli air raids as Blinken urges de-escalation with Iran
Israeli airstrikes on Hezbollah's southern Beirut stronghold destroyed six buildings in the deadliest assault since the war began, despite U.S....
- In southern Lebanon, Israeli strikes pounded Tyre, leaving swathes of its centre in ruins and sparking a new exodus from the once vibrant coastal city
- Concerns are mounting over tens of thousands of civilians trapped by fighting in Gaza's aid-starved north, where Israel launched a major air and ground assault this month
Business
Troubled Boeing faces investors and awaits strike vote
Boeing, the beleaguered aviation giant announces what is expected to be its biggest quarterly loss in four years, and striking...
- Analysts estimate a loss of US$6.1 billion, its biggest since the fourth quarter of 2020
- On October 15, Boeing announced it plans to raise up to US$25 billion to navigate the period