Stock markets cautious with eyes on Ukraine talks, US rates
Markets were also waiting for a key speech by the US Federal Reserve chief this week for clues on interest...
Economy
Games industry in search of new winning combo at Gamescom 2025
Paris, France -- The global games industry gathers for the vast Gamescom trade fair in Cologne this week, with hopes...
Business
Business
Deutsche Bank shares tank
The shares fell on the lender's rising cost of default cover.
- The lender's shares tanked more than 14 percent on the Frankfurt Stock Exchange in early trade
- German Chancellor Olaf Scholz said the European banking system was "stable", with strict rules and regulations
Qatar brokers release of ‘Hotel Rwanda’ hero Paul Rusesabagina
His detention sparked criticism in the West and among rights groups, and highlighted Rwanda's record of crushing political dissent and...
- Shortly before midnight on Friday, Rusesabagina arrived at the Qatari ambassador's residence in Kigali, a US official said
- He will likely stay there for "a couple of days" before flying to Qatar, which helped broker his release, and then to the United States
Geostrategy
China has not yet delivered arms to Russia: US President
Ottawa, Canada--US President Joe Biden on Friday said he believed China has not sent arms to Russia after President Vladimir Putin's...
- The president told reporters in Canada that he had been hearing that China will provide weapons to Russia, but they haven't yet
- While maintaing that he didn't take China or Russia lightly, he added that reports of their rapprochement were "exaggerated"
Economy
US enters into deal with Canada on illegal migration during Biden trip
Face-to-face talks between Biden and Trudeau covered a range of areas where both sides are pushing for improvements. A joint...
- Biden signalled a resolution to one irritant in the close relationship, with a deal on managing the growing issue of undocumented migration on US, Canada border
- The two leaders also reaffirmed support for pro-Western Ukraine "for as long as it takes" in its war to push back Russian invasion, and issued a warning to China
Geostrategy
Biden says not seeking conflict with Iran after strikes that killed 14
The US president sought to lower the temperature on Friday, saying the United States "does not seek conflict with Iran,...
- Pentagon said a US contractor died, and another contractor and five military personnel were wounded by a kamikaze drone "of Iranian origin"
- In response, US Defense Secretary Lloyd Austin said Thursday that, at Biden's direction, he had ordered the precision air strikes tonight in eastern Syria
Economy
Greece, Italy to discuss rail ‘restart’ after tragedy: PM
Following last month's rail tragedy, Greece's prime minister said that he would discuss with Italy safety improvements on Geek trains...
- The prime minister said that his Italian counterpart Giorgia Meloni accepted an invitation to talks in Athens before the Greek general election in May
- Late last month, two trains collided head-on after running on the same track for several kilometers (miles), killing 57 people
Geostrategy
Dozens of sub-Saharan migrants missing in latest Tunisia shipwreck
The boat carrying 38 people had set off Thursday from near Sfax and was attempting to reach Italy, said Fawzi...
- Tunisia's population of 12 million hosts an estimated 21,000 migrants from other parts of Africa, representing 0.2 percent of the population.
- Earlier Friday, Alarm Phone, a charity monitoring migrant boats, said that 40 people were at risk on a "boat in distress trying to escape Tunisia".
Geostrategy
France bars public employees from using TikTok on work phones
Paris, France - France on Friday banned public-sector employees from downloading "recreational applications" on their work phones, the public services ministry...
- The ban would include "game apps like Candy Crush, streaming apps like Netflix and recreational apps like TikTok".
- Recreational applications do not present sufficient levels of cybersecurity and data protection to be deployed on administrative equipment," said the public services ministry.
Economy
European economy reaches 10 month high after surge in March
BRUSSELS, BELGIUM - Economic growth in the eurozone accelerated in March and hit a 10-month high, according to a closely watched...
- The S&P Global Flash Eurozone purchasing managers' index showed the indicator at 54.1, up from 52.0 in February
- Inflation remains much higher than policymakers' target but eurozone consumer prices have also fallen in recent months
Geostrategy
Funding for UN refugee operations swells via Zakat Fund
Sheikh Thani Bin Abdullah Bin Thani Al-Thani of Qatar, who serves as a UNHCR advocate, has been the biggest contributor...
- "Last year, we raised more than $20 million in Ramadan alone," said Khaled Khalifa, UNHCR's representative to the GCC countries. "We are hoping to exceed that this year."
- The agency said it was increasingly able to channel obligatory donations under Islam to help fund its activities.
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
Stock markets cautious with eyes on Ukraine talks, US rates
Markets were also waiting for a key speech by the US Federal Reserve chief this week for clues on interest...
Economy
Company News
BYD posts record 2023 profit
Business
Latest News
US gives US$8.7 billion in military aid to Israel amid global push for a ceasefire
While international pressure on Israel for ceasefire in Lebanon and Gaza intensifies, Netanyahu refuses to slow down military operations. Lebanese...
World’s first CO2 storage service soon ready in Norway
Øygarden, Norway -- Norway inaugurated Thursday the gateway to a massive undersea vault for carbon dioxide, a crucial step before opening...
Geostrategy
Ceasefire calls mount as Israeli troops on alert for Lebanon incursion
International calls for restraint mounted Wednesday after Israel's army chief told soldiers to prepare for a possible ground offensive against...
Geostrategy
Most Read
Economy
OECD raises growth forecast, calls for higher property taxes
Paris, France -- The OECD on Wednesday slightly raised its world economic growth forecast for 2024 but called for higher property...
- The Paris-based organization said global gross domestic product would expand by 3.2 percent, compared to 3.1 percent in its previous forecast.
- While it raised the world GDP outlook, the OECD sounded the alarm on rising debt, urging governments to make "stronger efforts" to contain spending and raise revenue.
Diplomacy fails Lebanon: Biden hints all-out-war while Israel plans ground invasion
Israel's army chief told troops on Wednesday to be prepared for possible entry into Lebanon as Israeli fighter jets bombarded...
- Israel asks its troops to get ready for a possible ground offensive in Lebanon as diplomacy fails to achieve peace
- Over 90,000 people are displaced while more than 700 killed and over 5,000 are wounded since Israel' pager attacks in Lebanon
Putin expects Türkiye’s Erdogan to attend BRICS summit in Russia
Russian President Vladimir Putin said Wednesday he expected his Turkish counterpart Recep Tayyip Erdogan to attend a BRICS summit in...
- Putin says he was due to meet Erdogan on October 23 - a day after the start of the BRICS summit in Russia's Kazan
- "Our president has many times stated that we want to become a BRICS member," says Turkish main political party