Somaliland denies it will host Palestinians, Israeli base
The breakaway region of Somaliland on Thursday denied allegations by the Somali president that it would take resettled Palestinians or...
Geostrategy
SoftBank lifts OpenAI stake to 11% with $41bln investment
Tokyo, Japan -- Japanese tech investor SoftBank said Wednesday that its stake in OpenAI is now around 11 percent after...
Business
Business
‘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...
- "I'd had it up to here" with work on big-spending productions whose price tag can run into the hundreds of millions, the veteran of firms like Ubisoft and Eidos Montreal told AFP
- he industry has had huge difficulties in recent years" with waves of layoffs at major players like Sony and Microsoft,where smaller outfits "seem to have held up better
Arts & Culture
‘Curly is beautiful’: Tunisian women embrace natural hair
Tunis, Tunisia -- Tunisian mother Mouna Jebali had long used a flat iron to straighten her thick hair, but with...
- For generations, people around the world were told to straighten, braid, cut or otherwise conceal their curls, or else get sent home from school or work.
- A global drive buoyed by the Black Lives Matter movement gave rise to a major pandemic-era trend of beauty videos celebrating natural hair.
Business
Boeing in talks to sell up to 500 planes to China: Bloomberg
New York, United States -- US aviation giant Boeing is in talks to sell up to 500 aircraft to Chinese...
- The deal would be a major win for the struggling US manufacturer, with company shares rising as high as 3.7 percent in pre-market trades.
- Bloomberg's sources said the deal would be contingent on Washington and Beijing coming to a longer-term agreement in their simmering trade war.
Geostrategy
21 countries sign joint statement condemning Israel’s West Bank settlement project
Israel has approved the plans for the roughly 12-square-kilometre parcel of land known as E1 just east of Jerusalem, which...
- "We condemn this decision and call for its immediate reversal in the strongest terms," said the statement of foreign ministers.
- All of Israel's settlements in the West Bank, occupied since 1967, are considered illegal under international law.
Economy
Asian markets creep up as investors await key speech
Hong Kong, China - Asian markets edged mostly upward in muted morning trading on Thursday, one day before a key...
- US Federal Reserve Chairman Jerome Powell, who has resisted public demands by President Donald Trump to cut rates, is scheduled to deliver remarks Friday
- Data last week provided a mixed picture of US inflation, making it uncertain if the Fed will lower rates as many investors expect in September
Geostrategy
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...
- The letter to Rubio, a staunch supporter of Israel, said: "We urge you to press the Israeli government to protect journalists in Gaza and allow global media to the territory."
- Last week, an Israeli strike killed four journalists for Al Jazeera, including Qatari television correspondent Anas al-Sharif, as well as two freelance journalists
Geostrategy
Trump raises pressure on central bank, calls for Fed governor to resign
Washington, United States -- President Donald Trump ramped up pressure on the US central bank Wednesday, calling for Federal Reserve...
- The Trump administration has pursued allegations of mortgage fraud against high-profile Democrats who are seen as political adversaries of the president.
- It was not immediately clear if such a probe will take place targeting Cook, the first Black woman to serve on the central bank's board.
Business
Google packs new Pixel phones with Artificial Intelligence
New York, United States -- Google on Wednesday unveiled new Pixel 10 smartphones, showcasing artificial intelligence (AI) capabilities woven into...
- The line-up of new products included a foldable phone, improved Pixel smartwatch, and ear buds all synced to work with AI and each other.
- Samsung has made AI a centerpiece of its Galaxy smartphone line and recently released a new Galaxy Z Fold7.
Business
Turkish Airlines says offer to buy stake in Spain’s Air Europa accepted
Turkish Airlines on Tuesday said Air Europa had accepted its 300-million-euro ($350 million) offer to purchase a minority stake in...
- In a statement to the Istanbul Stock Exchange regulator (KAP), the Turkish flag carrier said "the binding offer submitted has been accepted by Air Europa."
- "The minority shareholding ratio to be acquired will be finalised following technical and financial adjustments to be made at the closing," it said.
Geostrategy
Antarctic climate shifts threaten ‘catastrophic’ impacts globally
Paris, France -- Abrupt and potentially irreversible changes in Antarctica driven by climate change could lift global oceans by meters...
- After increasing slightly during the first 35 years that satellite data was available, Antarctic sea ice cover plunged dramatically over the last decade.
- Since 2014, sea ice has retreated on average 120 kilometers (75 miles) from the continent's shoreline.
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
Somaliland denies it will host Palestinians, Israeli base
The breakaway region of Somaliland on Thursday denied allegations by the Somali president that it would take resettled Palestinians or...
Geostrategy
Company News
Latest News
BYD Q3 profit down 33%
Business
Rory McIlroy wins seventh Race to Dubai title
Dubai, United Arab Emirates -- Rory McIlroy was on Sunday crowned the DP World Tour’s Race to Dubai champion for...
Arts & Culture
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...
Business
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,...
Geostrategy
Most Read
Business
EU approves ADNOC’s purchase of Germany’s Covestro
Brussels, Belgium -- The European Commission on Friday greenlit the takeover of German chemical firm Covestro by UAE state oil...
- Plastics maker Covestro accepted a bid from the Abu Dhabi National Oil Company in October, valuing the company at 12 billion euros ($14 billion).
- ADNOC has promised to inject around 1.2 billion euros into the chemicals firm through the issuance of new shares under the terms of the takeover.
Geostrategy
Saudi prince, eyeing defense pledge, to meet Trump after long US absence
Saudi Arabia is unlikely to agree to normalization with Israel at this stage, with Prince Mohammed's priority set for firmer...
- A US-Saudi investment forum spotlighting energy and artificial intelligence will take place in Washington during the prince's visit, the event's website says.
- As Riyadh embarks on ambitious tourist and entertainment projects to diversify its oil-reliant economy, it has sought to de-escalate regional tensions -- including with Iran.
Economy
Global CO2 emissions to hit record high in 2025, making 1.5°C target nearly impossible
Global fossil fuel emissions are set to hit a new high in 2025, according to research published Thursday that also...
- The annual Global Carbon Budget report looks at humanity's emissions of planet-heating CO2 from burning hydrocarbons, cement production and land use
- The failure to cut planet-heating emissions is overshadowing the COP30 in the rainforest city of Belem -- the conference taking place this week without the presence of the US