Israelis rally nationwide calling for end to Gaza war, hostage deal
A huge Israeli flag covered with portraits of the remaining captives was unfurled in Tel Aviv's so-called Hostage Square --...
Geostrategy
Netanyahu has become a ‘problem’, says Danish PM
Danish Prime Minister Mette Frederiksen said Saturday that Israeli leader Benjamin Netanyahu has become a "problem", adding she would try...
Geostrategy
British crypto lender suffers $200 million hack
Crypto companies were taking out TV adverts, sponsoring sports teams and touting their technology as world-changing as they sought new...
- PeckShield pointed out the hack to British lender Euler on Twitter, posting details of transactions it said showed losses of $197 million
- The hack on Euler is the most substantial this year, according to crypto critic Molly White, who chronicles hacks on her blog Web3 is Going Just Great
Economy
EU and Algeria look to consolidate energy, security ties
The 27-country bloc would like to develop the partnership with Algeria "looking at the future, by prioritizing European investments in...
- Borrell said the EU and Algeria had agreed to "relaunch high-level security dialogue", with the first meetings planned before the end of the year
- He said the EU and Algeria could "do better" on trade relations, calling for a solution "to obstacles (Algeria) introduced since June 2022 to commerce with Spain"
Volkswagen to build new battery plant in Canada
Volkswagen is also setting up a series of battery plants in Europe - one will open in 2023 in Sweden,...
- The group's first North American battery factory will be located in St. Thomas, Ontario where production will start in 2027
- Under its different brands, Volkswagen plans to introduce more than 25 different new electric models by 2030 in US
Economy
Joe Biden reassures Americans about safety of banking system
Washington, United States--President Joe Biden sought to reassure Americans over the country's financial system Monday as more US banks and leading...
- Biden told Americans in a brief White House address that they can have confidence that the banking system is safe
- The president while reassuring SVB depositors that they will get their money back, said "no losses will be borne by the taxpayers"
SVB’s demise: Warning signs were missed by investors, regulators
Banking experts have been among those alarmed at the rapid collapse of SVB, the country's 16th biggest bank by assets...
- The Federal Reserve announced Monday plans for a "thorough, transparent and swift" review of the supervision of SVB that will be publicly released on May 1
- President Joe Biden promised a "full accounting of what happened," adding that he would ask regulators and banking regulators to tighten rules on the sector
Economy
Iraq finalizes three-year budget designed to instill fiscal stability
Just days ahead of the 20th anniversary of the US-led invasion that resulted in war, chaos, and political instability, Iraq's...
- Iraq is plagued by corruption as well as power cuts that reflect its crumbling infrastructure
- The United Nations estimates that nearly one-third of Iraq's 42 million population live in poverty
Geostrategy
Tunisia swears in new defanged parliament
State television broadcast the proceedings and only official media were permitted to cover the session, with representatives of Tunisia's private...
- The new assembly was elected in two rounds in December and January, with a voter turnout of just over 11 percent
- It has 161 members but only 154 seats have so far been filled - with just 25 female representatives among them
Geostrategy
Lebanon central bank chief summoned in European probe
A Lebanese judge has asked central bank chief Riad Salameh to appear before visiting European investigators, a judicial official said...
- Lebanon central bank chief Riad Salameh denies all accusations against him and has rarely appeared before the judiciary.
- If he shows up, it would be the first time Salameh, 72, appears before European investigators probing suspected financial misconduct.
Business
Credit Suisse shares down
The bank has lost 81% of its value since Greensill bankruptcy.
- Shares in Switzerland's second largest bank plunged quickly by 14.3 percent to reach 2.139 Swiss francs.
- Despite a huge restructuring effort, the value of Credit Suisse has dropped repeatedly on the stock market.
Business
Europe warned industry will flee unless energy prices lowered
Brussels, Belgium - The European Union must urgently lower energy prices and ease regulations to stop industry fleeing the continent, European...
- The EU is racing to make Europe more attractive for the companies that could be tempted by massive US and Chinese subsidies and lower energy costs.
- German chemical giant BASF said in February it would close several units in Germany because of high energy prices affecting competitivity in Europe.
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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
Israelis rally nationwide calling for end to Gaza war, hostage deal
A huge Israeli flag covered with portraits of the remaining captives was unfurled in Tel Aviv's so-called Hostage Square --...
Geostrategy
Company News
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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...
Israel PM adds war goal of allowing northern residents to return home
Israel's Prime Minister Benjamin Netanyahu on Tuesday expanded the country's goals for the war in Gaza, vowing to allow Israelis...
Geostrategy
Israel faces risks of global isolation and losing UN membership over Gaza genocide, say UN experts
Experts from the United Nations have warned that Israel might become a pariah state, and its UN membership is under...
Geostrategy
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Business
Europe’s Electric Vehicle troubles bubble up at Brussels Audi factory
Brussels, Belgium -- Outside an Audi factory in Brussels described by the German carmaker as the "cradle" of its electric drive,...
- The firm is considering closing the plant, a move that analysts say is symptomatic of the troubles afflicting Europe's wider electric car industry, amid low demand and competition.
- With 3,000 jobs on the line, the Brussels workers have launched a prolonged strike, with a large demonstration planned in the capital on Monday and walkouts elsewhere in solidarity
Geostrategy
Yemeni rebel missile hits central Israel in rare attack
Jerusalem, Undefined - A missile launched by Yemen's Hamas-aligned Houthi rebels hit central Israel on Sunday, a rare incident which caused...
- Prime Minister Benjamin Netanyahu said the Iran-backed Houthis will pay a "heavy price" for the attack, which started a fire and caused some damage near Tel Aviv
- Palestinian group Hamas, whose October 7 attack triggered the war, praised the missile launch, vowing that Israel "will not enjoy security unless it ceases its brutal aggression."
Geostrategy
Trump safe after apparent assassination attempt, person in custody
The incident came amid heightened tensions in the knife-edge presidential race, and concern for the safety of both candidates. "There...
- The US Secret Service confirmed one or more of its agents "opened fire on a gunman" located near the boundary of Trump's golf course
- The unnerving incident appears to mark the second time in as many months that Trump has been the target of an assassination attempt