Seven killed as Saudi coalition strikes UAE-backed forces in Yemen
Following the strikes, a military spokesman for the STC said it was in a "decisive and existential" war with Saudi-backed...
Geostrategy
Israel’s Mossad tells Iranian protesters ‘we are with you’
Israel's Mossad spy agency issued a direct call urging Iranians to press on with protests, saying it was supporting them...
Geostrategy
Geostrategy
‘Far too late’: Clutching pots and buckets, Palestinians despair after UN declares famine in Gaza
"We have no home left, no food, no income... so we are forced to turn to charity kitchens, but they...
- AFP footage from Gaza's largest city showed women and young children among the chaotic jostle of dozens clamouring and shouting for for food
- The UN officially declared a famine in Gaza on Friday, blaming the "systematic obstruction" of aid by Israel during more than 22 months of war
Geostrategy
Hamas demands opening of Gaza crossings after UN famine declaration
Hamas called on Friday for an immediate end to the war in Gaza and the lifting of the Israeli siege...
- In a statement published online, the group called for "immediate action by the UN and the security council to stop the war and lift the siege."
- The group went on to say that the declaration by the United Nations confirmed the "humanitarian catastrophe" in Gaza and accused Israel of using starvation as a "tool of war".
Geostrategy
Iran to meet Britain, France and Germany on its nuclear programme as snapback sanctions loom
The move would reimpose sweeping UN sanctions lifted under the 2015 agreement unless Iran agrees to curb its uranium enrichment...
- The Islamic republic suspended cooperation with the International Atomic Energy Agency in July in the wake of its 12-day war with Israel
- The European trio -- parties to the landmark 2015 Iran nuclear deal -- have threatened to trigger a "snapback mechanism" by the end of August
Business
Trump, Intel announce deal giving US a 10% stake in chipmaker
Chipmaker Intel has agreed to give the US government a 10-percent stake in its business, the company and President Donald...
- The deal came after Trump's administration said Intel should give Washington an equity stake in exchange for large grants committed when Joe Biden was president
- Under the agreement, the US government will receive 433.3 million shares of common stock, representing a 9.9 percent stake in the company, Intel said in a statement
Economy
US Fed chair opens door to rate cut as Trump steps up pressure
Last year, the Fed chair used his keynote speech at the Jackson Hole Economic Policy Symposium to indicate the time...
- Powell faces constant attacks from Trump -- who is aggressively pushing the independent bank for rate cuts -- alongside mixed economic data leading him towards a cautious approach.
- Powell has warned that the risks of higher inflation and a weakening jobs market add up to a "challenging situation."
Science
AI helps UK woman rediscover lost voice after 25 years
London, United Kingdom -- A British woman suffering from motor neuron disease who lost her ability to speak is once...
- Sarah Ezekiel, an artist, was left without the use of her voice after she was diagnosed at the age of 34 with MND while pregnant with her second child 25 years ago.
- AI tools developed by a New York-based ElevenLabs developed voice very close to her original, complete with her London accent.
Geostrategy
United Nations declares famine in Gaza, first ever in Middle East
Tom Fletcher, the UN's emergency relief coordinator, blamed Israel, accusing it of "systematic obstruction" of aid deliveries to the war-ravaged...
- The assessment of famine was made by the Integrated Food Security Phase Classification Initiative (IPC), a coalition of monitors tasked by the UN to warn of impending crises.
- It defines famine as occurring when 20 percent of households have an extreme lack of food; 30 percent of children under five are acutely malnourished.
Economy
Less tax, more luxury: millionaires flock to Dubai for its zero income tax policy
Rich people are flocking to Dubai in record numbers, drawn to the desert city by its zero income tax policy...
- The UAE and Dubai have long welcomed wealthy people from nearby countries, and people helping millionaires to move there told AFP it is seeing more Westerners joining the fray
- The Gulf state's golden visa scheme, meant to attract wealthy or skilled foreigners, allows individuals to obtain a 10-year residence permit
Science
Google to provide Gemini AI tools to US government
Google will provide its Gemini artificial intelligence tools to US federal agencies practically free, the government announced Thursday.
- A suite of AI and cloud computing services called "Gemini for Government" from Google is intended to speed the adoption of the technology across the US government
- AI tools being provided include generation of video, images, or ideas as well as digital "agents" capable of independently tending to complex tasks
Business
Nestle unveils method to boost cocoa yields as climate change hits
Geneva, Switzerland - Faced with climate change diminishing farmers' yields, Nestle announced Wednesday that it was working on a technique...
- Chocolate is traditionally made using only cocoa beans taken from inside the pod, meaning that a large amount of the fruit, including the pulp, placenta and pod husk, is unused
- A tonne of cocoa was worth £1,900 ($2,560) on the London commodities market in January 2023, shot up to £3,800 a year later, and reached a high of over £9,000 last December
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
Seven killed as Saudi coalition strikes UAE-backed forces in Yemen
Following the strikes, a military spokesman for the STC said it was in a "decisive and existential" war with Saudi-backed...
Geostrategy
Company News
Latest News
Turkey seeks to host next COP as co-presidency plans with Australia falter
Turkey wants to host next year's UN climate change talks and is ready to organise the event alone if there...
Science
Cervical cancer vaccine push has saved 1.4 million lives: Gavi
Geneva, Switzerland - A three-year campaign to bring vaccines against human papillomavirus (HPV) to low-income countries has prevented 1.4 million...
Science
UN Security Council set to vote on Trump’s Gaza plan, deployment of international force
The draft, which has been revised several times as a result of high-stakes negotiations, "endorses" the plan, which allowed for...
Geostrategy
Most Read
Business
Samsung plans $310 bn investment to power AI expansion
Seoul, South Korea -- South Korean conglomerate Samsung unveiled on Sunday a plan to invest $310 billion over the next...
- The business group's flagship Samsung Electronics is already one of the world's top memory-chip makers, providing crucial components for the AI industry.
- South Korea is also home to SK hynix, another key player in the global semiconductor market.
Geostrategy
Israel says Gazans who landed in S. Africa unexpectedly had third-country approval
Israeli authorities said on Saturday that 153 Palestinians who turned up unexpectedly in South Africa, triggering questions from its president,...
- After landing in Johannesburg on Thursday, the Gazans were kept aboard their plane for 12 hours because they did not have departure stamps from Israel in their passports
- The home affairs ministry finally allowed the passengers to disembark when an NGO said it would provide them with accommodation
Business
Google announces $40 billion Texas investment to expand AI infrastructure
Google announced Friday a major $40 billion investment in Texas through 2027 to build new cloud computing and artificial intelligence...
- The investment will fund new data center campuses in northern Texas, adding to Google's presence in the Lone Star State that spans more than 15 years, the company said
- "Our latest investment in Texas is designed to not only support Texas' workforce, but to ensure the US retains the technical backbone to lead the world in AI," Google said