At least 1,760 killed while seeking aid in Gaza since late May: UN
"While 994 were killed in the vicinity of GHF (Gaza Humanitarian Foundation) sites, 766 were killed along the routes of...
Geostrategy
Expectations high as Trump, Putin set to meet at Alaska: What each side wants
In a draft peace plan published in June, Russia called on Ukraine to withdraw its forces from the Kherson, Lugansk,...
Geostrategy
Economy
Iraq issues arrest warrants in ‘heist of the century’
The warrants do not name any of the officials, but according to the official, they are former finance minister Ali...
- An investigating judge in Baghdad has "issued arrest warrants for four senior officials of the former government."
- The four men include a former finance minister and staff members of former prime minister Mustafa al-Kadhemi
Business
Apple to produce iPhones in India
The proposed factory will be spread over 300 acres.
- "Apple phones to be built in the state soon," Karnataka state chief minister Basavaraj S Bommai tweeted on Friday
- "Apart from creating about 100,000 jobs, it will create a whole lot of opportunities for Karnataka," he added
Business
VW 2022 net profit at $16.7bn
Firm booked profit despite supply chain disruptions.
- German automaker Volkswagen on Friday said it booked a higher profit in 2022 despite supply chain disruptions and increased costs.
- The group expects vehicle deliveries to rise to around 9.5 million this year, from 8.3 million in 2022.
Geostrategy
Lebanon paralysis grows as security chief retires without replacement
Lebanon is navigating a devastating economic crisis that has plunged more than 80 percent of the population into poverty. Strikes...
- Former president Michel Aoun left office at the end of October, and sectarian leaders have been squabbling over a replacement ever since.
- During more than a decade in the job, Abbas Ibrahim had to tackle numerous thorny challenges including the Syrian war's spill-over into Lebanon.
Business
Lufthansa returns to profit
The airline reported $839m in profit in 2022.
- The group reported an adjusted operating profit of 1.5 billion euros, in line with expectations.
- The company suffered a net loss of 2.2 billion euros in 2021 and 6.7 billion euros in 2020
Geostrategy
UN nuclear chief heads to Iran after near weapons-grade uranium find
UN nuclear watchdog chief Rafael Grossi is expected in Tehran for discussions with officials after International Atomic Energy Agency inspectors...
- The IAEA chief's visit comes amid deadlock in negotiations on reviving the 2015 deal
- Iran last week said it had not made any attempt to enrich uranium beyond 60 percent purity
Business
ADNOC Gas announces final IPO pricing, to raise $2.5 billion
The ADNOC Gas offering was set at 2.37 dirhams ($0.65) per share, towards the top of its range, implying a...
- The offer was expanded from 4.0 percent to 5.0 percent this week in reaction to demand.
- ADNOC Gas, hived off from the Abu Dhabi National Oil Company (ADNOC) at the start of this year, is expected to start trading on the UAE capital's stock exchange on Mar 13.
Economy
Egypt raises fuel prices amid spiraling economic crisis
The Egyptian pound has lost half of its value, propelling annual inflation in the import-dependent country to 26.5 percent in...
- The Egyptian economy was hit hard after Russia's February 2022 invasion of Ukraine unsettled global investors, leading them to pull billions out of the North African country
- The war has sent wheat prices spiralling, heavily impacting Egypt - one of the world's largest grain importers - and piling pressure on its foreign currency reserves
Economy
Less than expected fall in EU inflation as food prices surge
Brussels, Belgium - The eurozone annual inflation rate fell to 8.5 percent in February, the EU's statistics agency said Thursday,...
- Inflation was down last month from 8.6 percent in January but analysts at financial data firm FactSet had forecast a steeper fall to 8.2 percent
- A continued decline in the rate of energy costs had pushed consumer prices lower but in February the rise in food and drink costs outpaced that of energy
Geostrategy
Palestinians form night vigil groups after Israeli settler attacks
Tensions are high, especially after the nearby Palestinian town of Huwara came under attack by Israeli settlers on Sunday, hours after...
- Each night, the team gathers at Turmus Ayya in the north of the West Bank, ready to raise the alarm in the event of a raid by Israeli settlers.
- The team first formed last year after tensions with the settlers rose following a clash, but they increased patrols after attacks this year.
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At least 1,760 killed while seeking aid in Gaza since late May: UN
"While 994 were killed in the vicinity of GHF (Gaza Humanitarian Foundation) sites, 766 were killed along the routes of...
Geostrategy
Company News
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Major Qatari plant to double solar capacity by 2030: Energyminister
Doha, Qatar -- A large new solar plant planned in Qatar will double the Gulf emirate's previously projected renewable energy capacity...
Business
Israel set for general strike after Gaza hostages found dead
"I have come to the conclusion that only our intervention can shake those who need to be shaken," Arnon bar...
Geostrategy
Countries where the X social network is banned and why
Paris, France - With its ban of X, which went into effect on Saturday, Brazil joins a small club of countries...
Business
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Geostrategy
COP29 finance draft: Arab nations ask developed nations to commit $441bn
Paris, France -- The UN has published a draft on climate financing due to be presented at the COP29 in November,...
- The document is the basis for negotiating an accord that is due to be reached at COP29 in Baku under Azerbaijan's presidency.
- The EU said the "collective goal can only be reached if Parties with high GHG-emissions and economic capabilities join the effort."
Geostrategy
West Bank city ‘cut off from the world’ as Israeli assault drags on
Jenin governor Kamal Abu al-Rub told AFP that even he does not know exactly what is happening inside the camp,...
- "Neither the civil defense, nor the ambulances, nor the journalists can go and see what is happening there."
- The United Nations said on Wednesday that at least 637 Palestinians had been killed in the territory by Israeli troops or settlers since the Gaza war began.
Economy
China manufacturing contracts for fourth straight month
While some sectors have largely regained their strength -- including tourism and the auto industry -- others are struggling, particularly...
- China is facing a crisis in its vast real estate sector as well as lackluster confidence among households and businesses, which is hindering consumption
- In August, the Purchasing Managers' Index (PMI) - a key barometer of industrial output - stood at 49.1 points, the National Bureau of Statistics (NBS) announced