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...
Geostrategy
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...
Business
Business
US pharma giant J&J proposes US$8.9bn settlement of talc cancer claims
New York, United States--US pharmaceutical giant Johnson & Johnson on Tuesday proposed an $8.9 billion settlement to resolve years-old lawsuits claiming...
- The payout, If approved by the court and a majority of the plaintiff, would be one of the largest product liability settlements ever in the United States
- J&J was at pains to stress that the proposed settlement is not an admission of wrongdoing nor an indication that the company's talcum powder products are unsafe
Geostrategy
Israeli police storm Al-Aqsa mosque to remove ‘agitators’
Israeli police stormed into the Al-Aqsa mosque on Wednesday to dislodge what it calls agitators in a move condemned as...
- According to witnesses, several rockets were fired from the northern Gaza Strip toward Israeli territory after the announcement of the clashes at Al-Aqsa
- Clashes between Palestinians and Israelis have often erupted in the mosque compound in the Israeli-annexed Old City of east Jerusalem, particularly during the month of Ramadan
Geostrategy
France’s Macron in China to discuss Ukraine war, trade ties
The French leader's aims include preserving and rebalancing China's trade ties with Europe as well as safeguarding French interests in...
- Macron will look to stand firm on Ukraine during talks with his counterpart Xi Jinping and offer "another path" from the Washington's confrontational tone
- The French leader's aims include preserving and rebalancing China's trade ties with Europe as well as safeguarding French interests in the Asia-Pacific region
Geostrategy
Trump pleads not guilty to 34 criminal charges, trial in Jan 2024
Former US president Donald Trump is charged with 34 felony counts of falsifying business records stemming from three pre-election hush-money...
- The twice-impeached Republican is the first sitting or former American president to be criminally indicted, propelling the US into uncharted political waters.
- Trump's attorney says the indictment was "sad and we're going to fight it, we're going to fight it hard".
Business
Red Cross to cut 1,500 jobs over funding crunch
GENEVA, SWITZERLAND - The Red Cross announced Tuesday that it would cut 1,500 jobs over the next 12 months in a...
- The Red Cross said an expected drop in humanitarian assistance budgets over the next two years was forcing it to make significant cuts.
- The Geneva-based organization said its governing board on March 30 had approved US$474 million in global cost reduction through early 2024.
Business
Virgin Orbit files for bankruptcy, plans to sell business
Virgin Orbit, the satellite launch company founded by Richard Branson, has filed for Chapter 11 bankruptcy and will sell the...
- Virgin Orbit suffered a major setback earlier this year when an attempt to launch the first rocket into space from British soil ended in failure.
- The company had organized the mission with the UK Space Agency and Cornwall Spaceport to launch nine satellites into space.
Geostrategy
Israeli strike, fourth in a week, kills two civilians in Syria
Damascus, Syria - An Israeli air strike on Tuesday killed two Syrian civilians, state media reported, the fourth such attack on...
- During more than a decade of civil war in Syria, Israel has launched hundreds of air strikes on its territory, primarily targeting Iran-backed forces and Hezbollah fighters.
- While Israel rarely comments on the strikes it carries out on Syria, it has repeatedly said it will not allow its arch-foe Iran to extend its footprint in the war-torn country.
Business
Iraq, Kurdish region sign accord to resume oil export
The deal, thrashed out in talks between federal and regional officials, spells the end of independent oil exports by the...
- The agreement was signed in Baghdad in the presence of Prime Minister Mohamed Shia al-Sudani and Kurdish premier Masrour Barzani.
- The deal comes two days after Iraq, Saudi Arabia and several other major oil exporters announced a sharp reduction in their production from May.
Geostrategy
20 schoolgirls in Iran hospitalized due to poison attack
TEHRAN, IRAN - Twenty Iranian schoolgirls were hospitalized Tuesday after the latest in a mysterious wave of poisoning attacks that have...
- The unexplained attacks in about 230 schools have sparked fear and anger among pupils and their parents.
- Schools across 25 out of Iran's 31 provinces have been targeted in the attacks, the latest official tally said.
Business
Dogecoin price surges Musk changes Twitter logo to ‘meme dog’
His decision to change the logo to a Shibu Inu dog, whether permanent or another short-lived joke, caused the price...
- The Shiba Inu dog became a popular meme in 2013 when posters on forums like Reddit and 4chan began using its pictures alongside messages written in broken English.
- The cryptocurrency was launched as a joke later that year and remained largely without value for years -- like thousands of other coins.
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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...
Geostrategy
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Libya’s eastern administration lifts oil production, export blockade
The Benghazi-based administration, which controls most of Libya's oilfields, said in a Facebook post it was "lifting the force majeure...
Geostrategy
Updates: President Biden says ‘discussing’ possible Israeli strikes on Iran oil facilities
Oil prices shoot up as Biden suggests that Israel might target Iranian oil facilities, while GCC Arab states, including Qatar,...
Geostrategy
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Geostrategy
Israel declares UN chief ‘persona non grata’ over Iran attack response
"Anyone who cannot unequivocally condemn Iran's heinous attack on Israel does not deserve to step foot on Israeli soil," said...
- Following Iran's missile attack on Israel late Tuesday, Guterres condemned the "broadening conflict in the Middle East", slamming "escalation after escalation" in the region.
- Israel has been a harsh critic of the UN, with ties between the state and the international body souring even more after the October 7 Hamas attacks.
Geostrategy
G7 says diplomatic solution is still possible in Middle East
Rome, Italy -- The G7 on Wednesday vowed to work together to reduce tensions in the Middle East and said a...
- Italian Prime Minister Giorgia Meloni called a telephone meeting of the body Wednesday to address the escalating Mideast crisis.
- "In a constantly evolving scenario, it was agreed to work together to promote a reduction of tensions at the regional level," said the statement released by the Italian government.
Geostrategy
Hezbollah says it clashed with Israeli troops who tried to ‘infiltrate’ Lebanon
Hezbollah said Wednesday it clashed with Israeli soldiers who tried to infiltrate into Lebanon, and also targeted Israeli troops across...
- Israeli military said that troops had started "targeted ground raids" in south Lebanon
- Israeli strikes killed a further 55 people on Tuesday