Israeli far-right minister backs contentious West Bank settlement plan
Israel's finance minister on Thursday backed plans to build 3,400 homes in a particularly contentious area of the occupied West...
Geostrategy
Bitcoin hits record high above $124,000 before retreating
Tokyo, Japan - Bitcoin hit a record high on Thursday during early Asian trading, surpassing $124,000, driven by favourable US...
Economy
Geostrategy
UN chief lands in Iraq for first time in six years to show solidarity
In a show of solidarity with Iraq, UN head Antonio Guterres arrived in the country for the first time in...
- Guterres said he wanted to demonstrate "solidarity with the people and the democratic institutions of Iraq."
- He will then travel on to Qatar, where he will attend the summit of the Least Developed Countries
Business
French court sets aside NGOs lawsuit against TotalEnergies
PARIS, FRANCE - A French court on Tuesday dismissed a landmark case against TotalEnergies for a massive oil project in Uganda...
- The six NGOs argued the development of the East African Crude Oil Pipeline (EACOP) failed to adhere to a "duty of vigilance"
- It is a 2017 law that compels companies to avoid grave harm to human rights, health, safety and the environment
Business
Tesla to open plant in Mexico
The plant is going to be established in Monterrey.
- "The plant is going to be established in Monterrey," Lopez Obrador told reporters after speaking with Musk.
- He said the US company had promised to address the problem of water scarcity in Monterrey.
Economy
High vegetable prices, inflation hit Moroccans ahead of Ramadan
The situation has been made worse by a crisis facing the agricultural sector, which makes up 14 percent of gross...
- Inflation is adding extra pressure just as Morocco prepares for Ramadan, the Islamic fasting month which starts in late March.
- "Everything's more expensive," said Khadija El Asri, a resident of the down-at-heel neighborhood of Sidi Moussa.
Geostrategy
Revised death toll in Turkey and Syria earthquake more than 50,000
A total of 5,951 people were killed across Syria, while Turkey recorded 44,374 deaths after the February 6 earthquake. The...
- The Syrian government said 1,414 people had been killed in areas under its control, while Turkish-backed officials in Syria put the toll at 4,537 throughout rebel-held areas.
- The Syrian Observatory for Human Rights war monitor had reported 2,243 people killed in government-held areas -- recording 824 more deaths than the official toll.
Market Report
US, European stocks dip as traders mull US rates outlook
US and European stocks dipped as dealers fretted that the Federal Reserve would push interest rates higher than expected and...
- Oil prices rebounded, while the pound extended gains won on Brexit deal alterations.
- Eurozone bond yields surged higher, with the yield on the benchmark German 10-year government bond rising to a 12 year high.
Geostrategy
Dozens of Iran girls hospitalized due to poisoning
TEHRAN, IRAN - Dozens of schoolgirls in Iran were hospitalized on Tuesday after a mysterious poisoning, an Iranian news agency reported,...
- Hundreds of cases of respiratory distress have been reported in the past three months among Iranian schoolgirls
- A government official said on Sunday that the attacks were believed to be a deliberate attempt to force the closure of girls' schools
Business
Bayer 2022 profits $4.3 billion
The profit in 2021 was 1 billion euros, the company said.
- Sales rose by 8.7 percent to 50.7 billion euros, in line with analyst expectations.
- The results were boosted by record sales in the company's agricultural division, up more than 15 percent year-on-year to 25 billion euros.
Economy
Turkey quake damage at $34bn: World Bank
The World Bank warned that the continuing aftershocks are likely to increase the total amount of damage caused by the...
- The amount is equivalent to four percent of Turkey's GDP in 2021, the Washington-based institution said
- The estimate also does not take into account the damage caused in northern Syria, also particularly affected by the earthquakes
UN raises $1.2bn to help millions in war-torn Yemen
The UN says more than 21.7 million people - two-thirds of Yemen's population -- need humanitarian assistance this year. Its...
- The figure was far short of the $4.3 billion sought from donors at a pledging conference in Geneva, but the UN hoped the figure could reach $2 billion by the end of the week
- It was the seventh donor conference for Yemen in seven years - but the UN hopes the next such gathering could focus on rebuilding the broken country rather than staving off hunger
Most Read
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
Israeli far-right minister backs contentious West Bank settlement plan
Israel's finance minister on Thursday backed plans to build 3,400 homes in a particularly contentious area of the occupied West...
Geostrategy
Company News
Latest News
Apple in talks to invest in OpenAI, creator of ChatGPT: report
Washington, United States - iPhone juggernaut Apple is in talks to invest in OpenAI, the creator of ChatGPT and the biggest...
Business
Telegram boss Durov free but charged and held in France
Paris, France -- Telegram chief Pavel Durov was spending Thursday out on bail after four days of detention in France, banned...
Geostrategy
Israel agrees ‘humanitarian pauses’ in Gaza to allow polio vaccinations
"The way we discussed and agreed, the campaign will start on the first of September, in central Gaza, for three...
Geostrategy
Most Read
Geostrategy
Yemen’s Houthis agree to temporary truce to secure stranded oil tanker
The vessel had departed from Iraq and was destined for a port near Athens, carrying 150,000 metric tons of crude...
- The Greek-owned Sounion was hit by the Tehran-backed group off the coast of Hodeida last week, sparking fires and the evacuation of its crew
- In a statement, the Houthis previously said the Sounion "belongs to a company that has ties with the Israeli enemy" and was "accurately and directly hit" with drones and missiles
Business
Investors hold breath as Nvidia earnings loom, stock markets subdued
Paris, France -- US shares fell marginally and European stock markets mostly inched higher Wednesday as investors cautiously awaited the latest...
- Traders are also waiting for key US economic data later this week that could provide clues about the size of an expected interest-rate cut next month.
- In New York, the main indexes were all down slightly shortly after opening. In Europe, London's FTSE 100 Index was lower, while Paris and Frankfurt were higher.
Geostrategy
SpaceX postpones historic mission featuring first private spacewalk
United States -- SpaceX postponed once more its attempt at launching a daring orbital expedition featuring an all-civilian crew that...
- SpaceX announced late Tuesday it was pushing back the launch plans "due to unfavorable weather forecasted in Dragon's splashdown areas off the coast of Florida".
- SpaceX Dragon capsule is set to reach a peak altitude of 870 miles (1,400 kilometers) -- higher than any crewed mission in more than half a century, since the Apollo era.