Saudi Arabia normalizing ties with Israel ‘will happen’: Trump
"Saudi Arabia will go into the Abraham accords," Trump said, referencing the historic agreement struck at the end of his...
Geostrategy
Israel military issues evacuation order two north Gaza areas
"To all of the civilians of the Gaza Strip staying in the areas of Beit Hanoun and Sheikh Zayed. This...
Geostrategy
Geostrategy
Israel says 30% of Gaza now buffer zone, escalates offensive and maintains aid blockade
Prime Minister Benjamin Netanyahu also ordered security chiefs and negotiators to keep pressing for the release of hostages held by...
- Prime Minister Netanyahu also ordered security chiefs and negotiators to keep pressing for the release of hostages held by Hamas in Gaza
- The Israeli military said that it had "achieved full operational control over several key areas and routes throughout the Gaza Strip."
Business
Meta to start using Europeans’ data for AI training May 27
Paris, France -- Meta will start using public posts and comments by its European users to train generative artificial intelligence...
- Meta, the owner of Facebook, Instagram and Threads, said earlier it would develop its AI models with European users' public content and conversations with the Meta AI chatbot.
- That means anything from Instagram photo captions to Facebook comments could soon be fair game for Meta AI, though private conversations via WhatsApp will be excluded.
Economy
Global economy under pressure could slow to 2.3 percent: UNCTAD
UNCTAD report '"Trade and Development Foresights 2025 – Under pressure: Uncertainty reshapes global economic prospects” cited mounting threats including trade...
- Rising trade tensions are impacting global trade, with UNCTAD noting that recent tariff measures are disrupting supply chains and undermining predictability.
- The slowdown will affect all nations, but UNCTAD remains concerned about developing countries and especially the most vulnerable economies.
Geostrategy
US approves $825 mn Stinger missile sale to Morocco
The United States on Tuesday announced the approval of an $825 million sale of up to 600 Stinger anti-air missiles...
- The proposed sale will improve Morocco's capability to meet current and future threats, the US Defense Security Cooperation Agency (DSCA) said in a statement
- This will contribute to the Moroccan Army's goals of updating capability and further enhancing interoperability with the US and other allies, the statement added
Science
War against elite universities: Trump ramps up conflict against defiant Harvard
Cambridge, United States - President Donald Trump escalated his war against elite US universities Tuesday with a threat to strip...
- Harvard stands out for defying Trump, in contrast to several other universities and a string of powerful law firms that have folded under intense pressure
- The impacts are already being felt on a campus that has produced 162 Nobel prize winners and whose alumni range from Facebook co-founder Mark Zuckerberg to 8 US presidents
Business
Nvidia expects $5.5 bn hit as US targets chips sent to China
Nvidia on Tuesday notified regulators that it expects a $5.5 billion hit this quarter due to a new US licensing...
- US officials last week told Nvidia it must obtain licenses to export its H20 chips to China because of concerns they may be used in supercomputers there
- Shares of Nvidia, which have already seen high volatility since Trump's April 2 tariffs announcement, were down over six percent in after-market trades
Geostrategy
Netanyahu visits Gaza as Hamas warns hostages may die amid continued Israeli offensive
Israeli Prime Minister Benjamin Netanyahu visited northern Gaza Tuesday, his office announced, as the military kept up the offensive it...
- Hamas said on Monday it had received a new truce offer from Israel that foresees the release of 10 living hostages in exchange for a 45-day ceasefire
- Another Hamas official said Israel had also demanded that the Palestinian militants disarm to secure an end to the Gaza war, but said this crossed a "red line."
Business
Denmark’s Royal Unibrew adds AI colleagues into workforce
Fakse, Denmark -- They have names, faces and email addresses, but the five new colleagues at Denmark's Royal Unibrew only...
- Royal Unibrew in Denmark has introduced five virtual AI colleagues with names and backstories to assist human employees with routine tasks and information retrieval.
- The company reports increased engagement since adding photos to the AI agents, and employees interact with them through chats and emails for enhanced efficiency.
Business
Hermes overtakes LVMH as world’s most valuable luxury group
Paris, France -- French group Hermes overtook LVMH as the world's most valuable luxury company on Tuesday after shares in...
- The market capitalization of Hermes reached 248.6 billion euros ($280.5 billion) at the close of trading in Paris, topping LVMH's 244.4 billion euros.
- LVMH shares sank 7.8 percent a day after the group owned by Europe's wealthiest man, Bernard Arnault, reported a two percent drop in first-quarter sales to 20.3 billion euros.
Geostrategy
Trade war to cut global oil demand: International Energy Agency
Paris, France -- Global oil demand will be lower than previously forecast this year as rising trade tensions weigh on...
- It lowered its forecast for growth in oil demand by 300,000 barrels per day (bpd) -- down from just over one million bpd in its March report to 730,000.
- Trump imposed global tariffs of 10 percent this month but paused higher levies on scores of countries for 90 days.
Saudi Arabia normalizing ties with Israel ‘will happen’: Trump
"Saudi Arabia will go into the Abraham accords," Trump said, referencing the historic agreement struck at the end of his...
Geostrategy
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As world mourns, cardinals meeting to decide the date for Pope Francis’s funeral
Vatican City, Holy See - Cardinals will meet Tuesday to decide the date for Pope Francis's funeral, starting a process...
Arts & Culture
Saudi Aramco, BYD form alliance to develop low-carbon automotive innovations amid EV growth
Saudi Aramco, the world's largest producer of oil, "is exploring a number of ways to potentially optimize transport efficiency, from...
Israel security chief accuses PM of demanding personal loyalty
Israel's internal security chief, whom the government is trying to sack, accused Prime Minister Benjamin Netanyahu Monday of demanding personal...
Geostrategy
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Business
DHL to stop global shipments worth over $800 to US consumers
Washington, United States -- Global shipping giant DHL will "temporarily" suspend the shipping of parcels worth more than $800 from...
- President Trump has launched a wide-ranging trade war, threatening friend and foe alike with steep tariffs to address US trade deficits with individual countries.
- As part of those changes, the government has also lowered the threshold at which parcels to individuals require formal entry processing by US Customs -- down to $800 from $2,500.
Business
Gold hits record, dollar drops as tariff fears dampen sentiment
With several markets still closed for the Easter holiday, business was limited ahead of a week that will see the...
- The precious metal was also helped by a weaker dollar, which has also been hit by worries about Trump's standoff with Fed boss Jerome Powell.
- Stocks had a mixed start to the week, with Tokyo weighed by the stronger yen while Taipei, Jakarta and Bangkok were also in negative territory.
Geostrategy
Davos meet founder Klaus Schwab steps down from WEF board
Geneva, Switzerland -- The World Economic Forum said on Monday that its founder Klaus Schwab has stepped down from the...
- Schwab told the WEF's board that "as I enter my 88th year, I have decided to step down from the position of Chair and as a member of the Board of Trustees, with immediate effect.
- The WEF said Vice Chairman Peter Brabeck-Letmathe was appointed board chairman in the interim and that a search committee for replacement had been appointed.