Israel says targeted Huthi energy site in Yemen
Israel said Sunday it targeted an energy infrastructure site in Yemen's capital Sanaa, linked to the Iran-backed Huthi rebels behind...
Geostrategy
Israeli strikes kill 40 Palestinians in Gaza, says civil defense agency
The latest deadly strike comes as Israeli military hinted at an approaching call to push civilians from Gaza City ahead...
Geostrategy
Business
Credit Suisse to borrow up to $53.7bn to shore up group after stocks dip
In February 2021, Credit Suisse shares were worth 12.78 Swiss francs, but since then, the bank has endured a barrage...
- Credit Suisse, hit by a series of scandals in recent years, saw its share price plummet Wednesday after the Saudi National Bank declined to inject more money into the group
- In February 2021, Credit Suisse shares were worth 12.78 Swiss francs, but since then, the bank has endured a barrage of problems that have eaten away at its market value
Business
Saudi airline Riyadh Air plans new orders ahead of 2025 take-off: CEO
Riyadh, Saudi Arabia -- Saudi Arabia's new national airline plans more aircraft orders as it prepares to operate its first flights...
- The carrier, Riyadh Air, was officially unveiled on Sunday, and on Tuesday announced an agreement to purchase 39 Boeing Dreamliners, with options for 33 more jets.
- The White House said the value of the deal could reach $37 billion. It is the fifth largest deal by value in Boeing's history.
Economy
Stock markets sink on banking crisis fears, oil prices fall
Global markets have been rattled by the collapse of tech sector lenders Silicon Valley Bank and Signature, which forced US...
- Oil prices also dropped, with the main US contract WTI down more than 5% as it fell under $70 per barrel for the first time since Dec 2021.
- Shares of Credit Suisse, Switzerland's second biggest bank, crashed by more than 30 percent to hit a record low.
Economy
Lebanon’s central bank chief snubs European investigators’ team
Salameh had been summoned to appear at Beirut's justice palace on Wednesday morning but objected to the session and instead...
- Riad Salameh, 72, is part of the Lebanese political class widely blamed for a crushing economic crisis that began in late 2019.
- The investigators are examining the fortune he has amassed during three decades in the job. He denies all the allegations.
Geostrategy
Bashar al-Assad meets Putin in Russia to discuss Syria-Turkey ties
"Dear Mr President, I am very glad to see you in Moscow. Thank you for accepting our invitation," Putin told...
- The outbreak of Syria's civil war in 2011 has strained relations between Damascus and Ankara, which has long supported rebel groups opposed to Assad.
- Damascus is a staunch ally of Moscow, which intervened in the Syrian conflict in 2015, launching air strikes to support the government's struggling forces.
Business
Saudi Arabia sees ‘lot of’ investment opportunities in Iran
Iran has been under renewed US sanctions since then president Donald Trump abandoned a landmark nuclear agreement between Tehran and...
- Saudi finance minister Mohammed Al-Jadaan said Iran has a lot of business opportunities, which could enhance investments in the country.
- Saudi Arabi and Iran agreed to restore their ties and reopen embassies in the next two months after a peace deal mediated by China.
Business
ChatGPT’s long-awaited update makes it more ‘human’ as AI wave continues
GPT-4 has been widely awaited ever since ChatGPT burst onto the scene in late November, wowing users with its capabilities...
- With its update, text responses from GPT-4 will be more accurate, and will come from both image and text inputs in a major leap forward for the technology
- OpenAI said that the new version was far less likely to go off the rails than its earlier chatbot with widely reported interactions with ChatGPT or Bing's chatbot
Business
Inditex hits record profit
Zara owner is the world's biggest fashion retailer.
- Inditex, like many other Western companies, closed up shop in Russia last year following the invasion of Ukraine and sweeping Western sanctions against Moscow
- The Spanish group underwent a leadership shake-up last year, with Marta Ortega, daughter of multi-billionaire founder Amancio Ortega, taking over as chairwoman
Economy
Syrian students learn German in order to prepare for life abroad
Damascus, Syria--His medical studies in Syria keep Mohammed Shasho busy enough but whenever he can he also pores over German vocabulary...
- In Syria, classes to learn German have proliferated in recent years as students seem to have turned their backs on English or French, the foreign languages prefered earlier
- The medical brain drain has begun to worry Syrian officials and physicians with many expressing concern about the exodus of medical students, but few terming it a reality
In troubled Libya, young robotics fans see hope in hi-tech
Libya has seen more than a decade of stop-start conflict since a 2011 NATO-backed revolt toppled strongman Moamer Kadhafi, with...
- The robotic competition is aimed at preparing the workers of the future and make the country aware of the importance of technology and innovation, event coordinator said
- The event, funded by an international school and private sponsors, had been envisaged since 2018 but repeatedly delayed because of unrest and then the Covid pandemic
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Israel says targeted Huthi energy site in Yemen
Israel said Sunday it targeted an energy infrastructure site in Yemen's capital Sanaa, linked to the Iran-backed Huthi rebels behind...
Geostrategy
Company News
Nasdaq edges to record
Business
Latest News
Iraqi PM to visit Washington for troop talks
Geostrategy
World Bank boosts climate financing by 10 percent
Washington, United States - The World Bank announced Thursday that it delivered a record $42.6 billion in climate change financing in...
Elon Musk’s Starlink internet launches in war-scarred Yemen
Dubai, United Arab Emirates -- Tech billionaire Elon Musk's satellite internet service Starlink has launched in Yemen, provoking the anger of...
Geostrategy
Lebanon device blasts: what we know about deadly attacks
Hundreds of pagers and walkie-talkies used by Hezbollah exploded across Lebanon in unprecedented attacks this week, killing 37 people and...
Geostrategy
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Geostrategy
Lebanon under attack. Fears of all-out war. 20 killed, 450 injured. Israel blamed and flayed.
A second wave of device explosions killed 20 people and wounded more than 450 in Lebanon on Wednesday, officials said,...
- Experts said Israeli operatives had likely planted explosives on the paging devices
- UN Secretary-General Antonio Guterres urged governments "not to weaponize civilian objects"
Geostrategy
UN rights chief demands accountability for Lebanon pager blasts
The explosions that killed 12 people, including two children, and wounded up to 2,800 others
- United Nations High Commissioner for Human Rights described the blasts as "shocking"
- Turk highlighted that the attack had come at an "extremely volatile time"
Israel infiltration in Hezbollah supply chain likely behind pager explosions; 9 dead, 2,800 injured
Lebanon's health minister said nine people were killed and some 2,800 wounded Tuesday when pagers used by Hezbollah members exploded...
- In neighboring Syria, 14 people were wounded "after pagers used by Hezbollah exploded
- The blasts "killed nine people, including a girl", minister Firass Abiad said in a casualty update