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
Syrian, Israeli diplomats met in Paris to discuss ‘de-escalation’: report
Syria's foreign minister met with an Israeli diplomatic delegation in Paris on Tuesday to discuss "de-escalation and non-interference in Syria’s...
Geostrategy
Geostrategy
China begins security probe into US chipmaker Micron
BEIJING, CHINA - Chinese authorities have begun an investigation into leading US memory chipmaker Micron Technology, a decision Beijing's foreign ministry...
- The probe escalates an already fierce battle between US and China for supremacy in the field of semiconductors.
- US authorities have in recent years sought to prevent the country's advanced chip technology from being exported to China.
Oil market surges as Saudi-led top producers cut output defying US pressure
Sunday's move "caught the markets off guard" and reversed recent oil-price gains, noted ActivTrades analyst Ricardo Evangelista. "With the fizzling...
- Crude futures surged almost eight percent at one stage after multiple members of the OPEC+ exporters' alliance unexpectedly slashed production
- The shock reduction, unveiled Sunday by Algeria, Iraq, Kuwait, Oman, Saudi Arabia and the UAE, will start in May and last until the end of the year
Turkey’s inflation slows to 50% ahead of election
Analysts warn that the economy may start heating up as the government rebuilds huge swaths of Turkey's southeast that were...
- The inflation rate slowed for a fifth consecutive month from a high of more than 85 percent, according to the state statistics agency
- Erdogan has tried to fight Turkey's inflation by slashing interests rates, the opposite approach taken by central banks in other countries
Business
Swiss federal prosecutors probe UBS takeover of Credit Suisse
Geneva, Switzerland--Swiss federal prosecutors said Sunday that they had opened an inquiry into the UBS takeover of its embattled banking rival...
- According to prosecutors, investigation will look to ensure that the country's financial center remains "clean" and spot any criminal offenses
- Both the financial giants, UBS and Credit Suisse, belong to a select group of lenders deemed very vital to the global banking system
Geostrategy
Car bombing rocks Syria capital, no deaths reported: state media
Sunday's attack comes amid increased Israeli air strikes on Syria. The air strike near the western Syrian city of Homs...
- The interior ministry said "two people were slightly injured" in the blast that targeted a pick-up truck, adding that "investigations are ongoing"
- Two Iran-affiliated fighters were killed in an Israeli air strike in Syria Sunday, according to the British-based monitor with a wide range of sources in Syria
Science
NASA set to unveil crew of astronauts for flight around moon
As part of the Artemis program, NASA aims to send astronauts to the Moon in 2025 -- more than five...
- The mission, Artemis II, is scheduled to take place in November 2024 with the four-person crew circling the Moon but not landing on it
- It will test NASA's powerful Space Launch System rocket as well as the life-support systems aboard the Orion spacecraft
Business
China Renaissance, investment bank, suspends share trading
Beijing, China--Investment bank China Renaissance suspended trading in its Hong Kong-listed shares on Monday, saying the disappearance of its chairman meant...
- The bank said it could not publish its audited 2022 results in the absence of its chairman having gone missing
- Bao Fan, the group's billionaire chairman and executive director, is among the latest high-profile financiers to fall foul of the authorities
New York Times loses Twitter verification on main account
The New York Times was among news media companies, firms and charities that had already lost their blue tick and...
- The New York Times said it would not pay for a verified business account and would subscribe for a blue tick only for journalists
- As of Sunday, the organization's main account, with nearly 55 million followers, had lost its gold checkmark
Economy
Business confidence drops among Japan’s largest manufacturers
Tokyo, Japan--Japan's largest manufacturers feel less optimistic about business conditions with confidence falling to its lowest level in more than...
- The quarterly Tankan survey undertaken by the Bank of Japan is seen as the broadest indicator of how Japanese businesses are performing
- Business confidence among major manufacturers dropped to plus one from plus seven three months earlier
Geostrategy
Trump’s lawyers denounce indictment as ‘political persecution’
On Sunday, his attorney Joe Tacopina bluntly dismissed the anticipated charges -- related to a hush-money payment to an adult...
- Trump is due to be arraigned at a Manhattan courthouse on Tuesday, the first time a president or former president faces criminal charges.
- The indictment is still under seal, and the circumstances of Donald Trump's appearance in New York remain unclear.
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
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
Company News
Latest News
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...
Geostrategy
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...
Business
GM reports US sales dip, that of EVs grew
The big Detroit automaker reported 659,601 US sales during the period.
Business
Most Read
Geostrategy
Updates: Iran launches missile attack on Israel
Iran has launched a missile attack on Israel's commercial hub Tel Aviv, state media reported Tuesday. The official IRNA news...
- Dozens of explosions boomed across Jerusalem on Tuesday night as air raid sirens rang out
- Air traffic paused at Israel's Ben Gurion airport: spokesman
Business
Covestro accepts ADNOC takeover bid
The deal values German chemicals group at $13.3bn.
- Under the terms of the agreement, valid until the end of 2028, ADNOC will make an offer for all remaining Covestro stock at a price of 62 euros per share.
- ADNOC will also inject around 1.2 billion euros into the chemicals firm through the issuance of new shares, once the deal is completed.
US says Iran preparing imminent missile attack on Israel
Iran is preparing an imminent ballistic missile attack against Israel, the United States said on Tuesday, warning that any such...
- "We are actively supporting defensive preparations to defend Israel against this attack," says US
- Hezbollah said it targeted an air base in Tel Aviv in retaliation for attacks on civilians in Lebanon