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...
Economy
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...
Geostrategy
Business
Credit Suisse chiefs apologize to shocked shareholders
ZURICH, SWITZERLAND - Credit Suisse chairman Axel Lehmann said Tuesday he was "truly sorry" that the beleaguered bank could not be...
- The 167-year-old bank's final AGM was the first chance Credit Suisse shareholders had to voice their frustrations.
- "I can understand the bitterness, the anger and the shock of all those affected," Credit Suisse chairman Axel Lehmann said.
Geostrategy
Iraqi women fashion a new future far away from home
Dozens of women who had fled deadly violence in Iraq found a home in a Jordanian church where, without work,...
- Fleeing violence carried out by the IS, many of the women ended up in Jordan, where they found themselves without work
- Head of the Catholic aid agency Caritas Wael Suleiman believes there are as many as 13,000 Christian Iraqi refugees in Jordan
Geostrategy
Trump to appear in New York court to face historic criminal charges
Amid tight security in New York City, the 76-year-old former president will make an unprecedented appearance before a New York...
- Trump will learn at his arraignment what charges he faces over hush money paid to a porn star before the 2016 election
- The former American president is likely to be fingerprinted and possibly photographed, which would result in an all-time famous mug shot
Arts & Culture
Pablo Picasso: king of the $100 million club
Picasso was not only a painter, his oeuvre also includes sculptures, drawings, ceramics, engravings, lithographs, illustrated books and ballet costumes....
- Five works by the Spanish artist have been sold for more than $100 million (93 million euros), 16 for more than $50 million, and 39 for more than $30 million
- "The Women of Algiers (Version O)", painted in 1955, is the most expensive work by Picasso ever sold at auction, going for $179.4 million on May 11, 2015
Economy
Evergrande signs restructuring agreement with international creditors
Hong Kong, China--Chinese property developer Evergrande said it has entered into a restructuring agreement with a group of international creditors, in...
- Evergrande, once China's biggest real estate firm, was found to be neck-deep in $300 billion in liabilities, touching off a nationwide property crisis
- The company, in a Hong Kong exchange filing, said it had agreed to proposals with creditors who hold a big chunk of developer's offshore bonds
Geostrategy
Tunisia’s Saied reappears in public, dismisses speculations about health
Speaking alongside Prime Minister Najla Bouden, the president said the reports reflected "a level of madness never seen before in...
- The North African country's main opposition coalition had pressed the government earlier to explain Saied's public "absence", saying it had information that he was sick
- Saied, 65, had not appeared in public or held any meetings since March 22, according to posts on Facebook - the presidency's only official channel of communication
Geostrategy
Opposition demands explanation on Tunisian president’s ‘absence’
TUNIS, TUNISIA - Tunisia's main opposition coalition pressed the government on Monday to explain days-long public "absence" of President Kais Saied,...
- The lack of statements or videos has sparked rumors over the state of Tunisian President Kais Saied's health.
- Saied last year rammed through a constitution giving his office unlimited powers and neutering parliament.
Geostrategy
Accountability in Libya needed as war crimes probe ends, says UN
The UN rights chief called for Libyan authorities and the international community to step up accountability efforts in the conflict-ravaged...
- The fact-finding mission voiced deep concern about the deteriorating human rights situation in the conflict-torn North African country.
- The rights council is expected to adopt a resolution calling for the UN to provide "technical assistance" towards improving the rights situation in Libya.
Geostrategy
Oil cuts in interest of energy markets, says Russia
The Kremlin said oil output cuts by Russia, Saudi Arabia and other major producers that have caused prices to soar...
- Saudi Arabia and other major oil producers announced Sunday a production cut of more than one million barrels per day.
- Russia said it would extend until the end of the year its own voluntary production cut of 500,000 barrels per day.
Israeli forces kill two Palestinians in Nablus raid
Israeli forces have carried out a number of deadly raids in the The raid came two days after a peak...
- The Israeli army said it had carried out the raid to apprehend two individuals linked to an attack in which two Israeli soldiers were injured last month
- Since the start of the year, the Israeli-Palestinian conflict has claimed the lives of at least 90 Palestinians, 15 Israelis and one Ukranian
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
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...
Economy
Company News
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Regional Updates: Iran “not looking for war” but will retaliate fiercely to any Israeli attack
Iranian leadership vows strong retaliation if Israel attacks Iran as Hezbollah kills eight Israeli soldiers and destroys 3 tanks while...
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...
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...
Geostrategy
Most Read
Business
Microsoft beefs-up its AI assistant with voice, vision
San Francisco, United States - Microsoft on Tuesday doubled down on deploying artificial intelligence to consumers, releasing an updated version of...
- Suleyman was a former leader at AI pioneer Google DeepMind -- and was poached by Microsoft in March from his startup to head up its consumer AI division
- It has since been caught by Google and soon Apple, which are using their dominance of the global smartphone market to get their own AI tools to consumers
Business
GM reports US sales dip, that of EVs grew
The big Detroit automaker reported 659,601 US sales during the period.
- The big Detroit automaker reported 659,601 US sales during the period, down 2.2 percent from the year-ago but marking a slightly smaller decline than analysts projected
- GM described its EV portfolio as "growing faster than the market" with sales jumping 46 percent in the third quarter, topping 32,000
Israel vows response as Iran fires missile barrage
Iran launched around 180 missiles at Israel on Tuesday in response to the killings of Tehran-backed militant leaders, prompting alarm...
- Most of the missiles were intercepted by Israeli air defenses or by allied air forces, claims Israeli military even though damage was reported
- Iran's Revolutionary Guards said they had launched a missile attack on "three military bases" around Israel's commercial hub Tel Aviv