‘Hell is Us’ looks to break mould of big-budget gaming
Paris, France - Developer Jonathan Jacques-Belletete has taken a gamble on forthcoming game "Hell is Us", hoping to ape the...
Business
US senators push for improved press access in Gaza
Washington, United States - A group of 17 US Senators sent a letter to Secretary of State Marco Rubio on Wednesday...
Geostrategy
Samsung expects profit to plunge
Memory chip sales hammered by a global downturn.
- The firm said in a regulatory filing that January-March operating profits were expected to drop 95.7 percent to $455 million, their lowest level since the first quarter of 2009
- The anticipated drop in profits was because of "continuing weak demand for IT products that have aggravated the performances of all sectors", Samsung said in the statement
Israel confirms striking Lebanon first time since April 2022
Tensions have soared between Israel and Palestinians during what is both the Jewish Passover and the Muslim holy month of...
- The strikes were launched around 4 am (0100 GMT), hitting both the Gaza Strip and southern Lebanon, an Israeli army statement said
- The latest flare-up of violence comes after Israeli police clashed Wednesday with Palestinians inside Jerusalem's Al-Aqsa mosque
Business
TikTok parent firm ByteDance’s founder lost $17bn in 2022
ByteDance's success in China's highly competitive internet sector has been largely thanks to its popular short video app Douyin.
- The reasons for the losses are unknown, but Zhang is still the second-richest entrepreneur in the world under the age of 40.
- Zhang co-founded ByteDance in Beijing in 2012, but resigned from the group in 2021 in the midst of regulatory tightening.
Business
Switzerland to probe what led to Credit Suisse collapse
The economy committee of the National Council, the lower house of parliament, asked the government for an analysis of the...
- The emergency takeover by UBS has sparked unease and criticism within Switzerland, where Credit Suisse was a pillar of the country's totemic banking sector.
- Following a string of scandals, the collapse of three US regional banks in March left Credit Suisse looking shaky amid fears of contagion and shares nosedived.
Economy
Kais Saied denounces IMF bailout conditions as ‘foreign diktats’
The IMF was originally expected to approve a bailout deal on December 19, but that was delayed pending a Tunisian...
- Saied said that the foreign diktats of IMF will lead to more poverty which is unacceptable.
- Saied's government reached an agreement in principle in mid-October for a nearly $2 billion package from the IMF.
Geostrategy
Iran and Saudi Arabia: From proxy wars to partnership
The two regional powers have cut ties twice since the 1987 crackdown on protesting Iranian pilgrims in Makkah. They have...
- From 2011 on, Iran and Saudi back opposing sides in Syria's civil war and in the Yemen conflict.
- In October 2017, Saudi Arabia backed US President Donald Trump after he walks out on Iran nuclear deal.
Geostrategy
Rockets from Lebanon target Israel after Al-Aqsa clashes
A barrage of rockets fired from Lebanon targeted Israel, a day after clashes between Israeli police and Palestinians inside Islam's...
- Israeli Prime Minister Benjamin Netanyahu was "receiving continuous updates about the security situation.
- Warning sirens sounded in the town of Shlomi and in Moshav Betzet and the Galilee in northern Israel, the army said.
Economy
‘Global growth to fall below 3 percent in 2023’
A continued slowdown in almost all the world's advanced economies is expected to drag global growth below three percent this...
- Global growth almost halved last year to 3.4 percent as the impact of Russia's invasion of Ukraine rippled through the world economy.
- Asia's emerging markets are expected to see substantial increases in economic output with India and China to account for half of all growth.
Business
Airbus to open second plane assembly line in China, double output
"It makes a lot of sense for us, as the Chinese market keeps growing, to be serving local for the...
- The framework accord for the new site was later signed by Faury at a ceremony attended by Macron and Chinese President Xi Jinping, an AFP journalist saw.
- The new assembly line in Tianjin for Airbus’s hugely popular A320 medium-haul jets will begin operations in late 2025.
Business
Credit Suisse merger the right choice despite risks: UBS
Shareholders of both banks had no say in the mega-merger, which was engineered by the Swiss government, the central bank...
- UBS chairman told the bank's annual general meeting in Basel that although the $3.25-billion takeover was sprung upon them, it would offer overall stability
- Colm Kelleher said the deal was expected to close within a few months and would preserve the critical financial sector as a pillar of Swiss national prosperity
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‘Hell is Us’ looks to break mould of big-budget gaming
Paris, France - Developer Jonathan Jacques-Belletete has taken a gamble on forthcoming game "Hell is Us", hoping to ape the...
Business
Company News
Liberty Media buy MotoGP
Business
Latest News
Emiratis battle to preserve dying art of embroidery
Arts & Culture
Dubai’s night beaches a cool solution to summer heat
With temperatures regularly topping 40 degrees Celsius, outdoor activities are severely limited. More than one million people have visited the...
Geostrategy
Casino operator Wynn wins UAE’s first commercial gaming license
Dubai, United Arab Emirates -- US casino operator Wynn has received the first commercial gaming operator's license to be issued in...
Business
Israeli airstrikes escalate in Lebanon as UN and Macron demand urgent ceasefire and de-escalation
As Israeli airstrikes rock Beirut, the UN demands peace and hostages’ release, and Macron criticizes Israel’s military actions, warning against...
Geostrategy
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Geostrategy
Trump says he thinks Israel should ‘hit’ Iran nuclear facilities
The former president, speaking at a campaign event in North Carolina, referred to a question posed to Democratic President Joe...
- "When they asked him (Biden) that question, the answer should have been, hit the nuclear first, and worry about the rest later," Trump said
- Biden was asked on Wednesday whether he would support strikes against Iranian nuclear sites and the US president told reporters: "The answer is no."
Geostrategy
Updates: Israel attacks 2,000 sites in Lebanon, kills over 40 rescuers, and destroys hospitals
Israel has intensified its attacks against Lebanon striking emergency services and professionals - a possible war crime. Several hospitals in...
- Israeli bombing in Lebanon has killed more than 1,110 people and has displaced up to one million
- Turkish President Recep Tayyip Erdogan accuses Israel of "shamelessly" attacking UN chief Antonio Guterres
Geostrategy
Updates: Iran’s supreme leader says anti-Israel resistance will not back down
Ayatollah's rare address in Arabic follows Iran's second-ever direct attack on Israel; rallies held in Jordan and Bahrain in support...
- Speaking days ahead of Oct 7 attack anniversary, Khamenei defended the Palestinian group's "logical and legal" actions and hailed its "fierce defense" against Israeli forces.
- Beyond Tehran, crowds of protesters gathered in Jordan and in Bahrain, which both have ties with Israel, after Friday prayers in a show of support for Hamas and Hezbollah.