Tunisia women herb harvesters struggle with drought and heat
In Tunisia's highlands, women harvest wild herbs to earn a living, but drought is making their work harder, shrinking incomes...
Geostrategy
Turkey, Iran leaders at Cairo summit urge action to address Gaza, Syria crises
Cairo, Egypt -- The leaders of Turkey and Iran were in Egypt on Thursday for a summit of eight Muslim-majority countries,...
Geostrategy
Boeing to cut 10% of workforce
Business
Geostrategy
Hamas says Israel’s Gaza ceasefire proposal ‘positive’
The US president urged Hamas to accept the Israeli offer. "It's time for this war to end, for the day...
- But Israeli Prime Minister Benjamin Netanyahu insisted the army would continue fighting until it had "eliminated" Hamas's capacity to rule Gaza and pose a military threat
- Biden's address came as Israeli troops pushed into central Rafah, escalating the war with Hamas despite international objections to any assault on the southern Gaza city
Geostrategy
Houthis launch fresh drone, missile attacks from Yemen: US
Dubai, United Arab Emirates - Yemen's Iran-backed Houthis launched several drones and two ballistic missiles on Friday, the US military said,...
- US Central Command (CENTCOM) said it intercepted four drones launched by the Houthis - three over the Red Sea and another over the Gulf of Aden - while a fifth drone crashed
- The Houthis also launched two anti-ship ballistic missiles, according to CENTCOM, which said no injuries or damage were reported from US, coalition or commercial ships
Geostrategy
WFP warns of ‘apocalyptic’ scenes in southern Gaza
"The exodus that we've seen in the past 20 days or so out of Rafah has been an awesome and...
- The public health situation was "beyond crisis levels", he said, adding: "The sounds and smells of everyday life are horrific and apocalyptic."
- In central areas of the Gaza Strip, where many people fled, the WFP is providing around 400,000 hot meals a day, and has kept six bakeries functioning.
Business
UBS-Credit Suisse merger completed
The fallen Credit Suisse AG legally ceases to exist.
- Credit Suisse AG's clients are now considered to be clients of UBS AG.
- With today's merger, UBS has taken over Credit Suisse's rights and obligations.
Geostrategy
Israel troops push into central Rafah
In central Gaza, the Israeli army said it was "intensifying operations" and had carried out air strikes that "eliminated several...
- Witnesses reported seeing Israeli air strikes "in central Rafah" as well as troop movements in the area
- Israel said its forces had killed about 300 Palestinian fighters in Rafah since launching its military operation in the city
Business
Oil giant Aramco says to offer shares worth over $10 bn on Saudi bourse
Riyadh, Saudi Arabia - Oil giant Saudi Aramco said on Thursday it plans to sell 1.545 billion shares worth more than...
- In a statement posted to the Saudi stock exchange, Aramco announced a secondary public offering of 1.545 billion shares
- The sale on the local bourse, which represents approximately 0.64 percent of the company's issued shares, will commence on Sunday
Geostrategy
US, UK air strikes hit several sites in Yemen
The British defence ministry said in a statement that its planes launched strikes in "a joint operation with US forces...
- AFP journalists heard loud explosions in the capital Sanaa and the port city of Hodeida overnight from Thursday to Friday
- The Houthi-controlled television channel Al-Masirah said strikes had also targeted telecoms infrastructure in the town of Taez
Geostrategy
Humanity in ‘race against time’ on Artificial Intelligence: UN
Geneva, Switzerland -- Humanity is in a race against time to harness the colossal emerging power of artificial intelligence for the...
- "We've let the genie out of the bottle," said Doreen Bogdan-Martin, head of the United Nations' International Telecommunications Union (ITU).
- "I believe we have a once-in-a-generation opportunity to guide AI to benefit all the world's people," Bogdan-Martin told AFP ahead of the summit.
Geostrategy
Rafah battles intensify as Israel takes over Gaza-Egypt border strip
Israel said on Wednesday its forces had taken over the 14-kilometre Philadelphi corridor on the Gaza-Egypt border
- The Israeli military launched its incursion into Rafah in early May despite international objections
- A strike over the weekend that started a fire and killed dozens in a displacement camp drew a wave of fresh condemnation
Geostrategy
Car ramming attack kills two Israeli soldiers in West Bank: army
A car ramming attack killed two Israeli soldiers near the city of Nablus in the occupied West Bank, the Israeli...
- Violence in the West Bank flared against the backdrop of Israel's war against Hamas militants in Gaza
- The amount of humanitarian aid entering Gaza has dropped by two-thirds-UN
Tunisia women herb harvesters struggle with drought and heat
In Tunisia's highlands, women harvest wild herbs to earn a living, but drought is making their work harder, shrinking incomes...
Geostrategy
Company News
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What impact will Donald Trump have on the world economy?
Paris, France -- Donald Trump's return to the White House with his protectionist policies poses threats for the global economy, with...
Geostrategy
Trump wins White House in stunning comeback
The polarizing Republican's win, following one of the most hostile campaigns in modern US history, was all the more remarkable...
Geostrategy
Republicans seize control of US Senate: networks
Republicans wrested the US Senate from Democratic control, ending four years in the minority, in its quest to dominate every...
Geostrategy
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Business
Saudi Aramco’s quarterly profit drops 15% on low oil prices
Riyadh, Saudi Arabia -- Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third-quarter profit on Tuesday, citing prices...
- The fall in net income to $27.56bn from $32.58bn in 2023 is the seventh consecutive quarterly drop for Aramco, one of the world's biggest companies by market capitalization.
- Aramco is the chief source of revenue for Crown Prince Mohammed bin Salman's Vision 2030 reform agenda, which aims to remodel the Gulf kingdom's crude-reliant economy.
Economy
Most Asian markets rise ahead of toss-up US election
Asian markets mostly rose Tuesday a day before results from the US presidential election rolled in, with opinion polls showing...
- Uncertainty about the outcome led to warnings that investors could be in for a period of volatility
- Wall Street's three main indexes ended in the red
Economy
Eight OPEC+ members extend oil supply cuts until year end
Supply cuts seek boosting oil prices amid uncertain demand and accelerating supply, with an eye on the imminent US presidential...
- Persistent downside pressure on oil prices due to sluggish Chinese and weakening global demand outlook
- "The US presidential election will have a significant impact on the oil market"- Analyst with Rystad Energy