‘Putin has only one chance:’ Trump warns of make-or-break chance with Russian leader
Putin and Trump will meet Friday at an air base in the far-northern US state, the first time the Russian...
Geostrategy
Perplexity AI offers Google $34.5 bn for Chrome browser
San Francisco, United States -- Perplexity AI offered Google on Tuesday $34.5 billion for its popular Chrome web browser, which...
Business
Geostrategy
G7 mulls more sanctions on Russia ahead of invasion anniversary
A senior US official said last week that the United States and its G7 allies planned to unveil "a big...
- The measures imposed have so far succeeded in practically halving Russia's oil revenues, French Finance Minister Bruno Le Maire said.
- They have "totally disorganized value chains in Russia, notably in industries as strategic as aeronautics and automobiles", he added.
Geostrategy
European Commission bars TikTok use by staff over data protection
The ban also means European Commission staff cannot use the Chinese-owned video-sharing app on personal devices including phones that have...
- TikTok, whose parent company ByteDance is Chinese, has faced increasing Western scrutiny in recent months.
- Last month, the Dutch government reportedly advised public officials to steer clear of the app over similar concerns.
Economy
Turkey slashes borrowing rate to press quake recovery
Turkey was already battling runaway inflation and relying on wealthy allies to keep its economy afloat when the massive earthquake...
- A prominent business group has estimated there was some $84 bn in quake damage, but estimates from other experts are more conservative, putting the total closer to $10 bn.
- When the quake hit, Turkey's official annual inflation rate had slowed to 58 percent from a two-decade high of 85 percent last year.
WHO using Syria sanctions pause to ship in health supplies
The massive 7.8-magnitude tremor on February 6 has killed more than 42,000 people in Turkey and more than 3,600 in...
- The WHO said it was capitalizing on the suspending of sanctions to carry out some rapid procurement and revitalize Syria's shattered health services
- The UN health agency called on Syria's warring factions to see the earthquake as an opportunity to end the civil war for good
Paris protest against TotalEnergies East Africa oil pipeline
The pipeline project has run into strong opposition from rights and environmental campaigners who say the oil fields being developed...
- About 30 young campaigners demonstrated in front of the French offices of Japan's Sumitomo Mitsui Banking Corporation and Britain's Standard Chartered
- They demanded the banks pull back from the East Africa Crude Oil Pipeline being jointly developed by TotalEnergies and the China National Offshore Oil Corporation
11 Palestinians killed, dozens shot in Israel West Bank raid
The Israeli army said the raid targeted militant suspects "in a hideout apartment" accused of shootings in the West Bank....
- More than 80 Palestinians suffered gunshot wounds, the Palestinian ministry said, in what the Israeli army called a "counter-terrorism" operation
- The Palestinian health ministry said those killed "as a result of the occupation's aggression on Nablus" were aged between 16 and 72
Dubai housing boom buoys buyers, burdens tenants
Dubai, renowned for its towering skyscrapers and ultra-luxury villas, saw record real estate transactions in 2022, largely due to the...
- Property prices in the prime locations of Dubai have jumped by 44 percent in 2022 compared with the year before, said real estate consultancy Knight Frank
- Russians, fleeing the impact of sanctions after their country's invasion of Ukraine. were the biggest foreign buyers on Dubai's property market last year
Geostrategy
Tunisian president Saied accused of hate speech against migrants
"Hordes of illegal immigrants from sub-Saharan Africa are still arriving, with all the violence, crime and unacceptable practices that entails,"...
- The Tunisian Forum for Economic and Social Rights (FTDES) said Saied's discourse was "drowning in racism and hatred".
- "The president is using the migration crisis... to distract attention from economic and social problems," spokesman Romdhane Ben Amor told AFP.
Geostrategy
Atomic energy watchdog’s group in Iran to sort out ‘ambiguities’
Tehran, Iran - Iran said Wednesday that International Atomic Energy Agency inspectors were in the country to clear up "ambiguities" about...
- The visit comes after a report by Bloomberg News last week, strongly denied by Tehran, that its nuclear scientists have enriched uranium to 84 percent purity.
- The Vienna-based IAEA said Sunday that it was in discussions with Tehran following the Bloomberg News report which drew an angry response from Iranian officials.
Business
British Steel to slash 260 jobs
The company employs about 4,000 workers in the UK.
- The announcement comes as British Steel, owned by Chinese group Jingye since 2020, seeks financial support from the UK government.
- British Steel said it plans to shut coke ovens at its Scunthorpe plant, northern England, which would help the group to also "build a green and sustainable future".
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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
‘Putin has only one chance:’ Trump warns of make-or-break chance with Russian leader
Putin and Trump will meet Friday at an air base in the far-northern US state, the first time the Russian...
Geostrategy
Company News
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Nissan, Honda in tie-up for EVs
Business
Harris bats for nuance on Gaza, Palestinians’ right to ‘freedom, self-determination’
Harris also pledged to "always stand up for Israel's right to defend itself." Some pro-Palestinian activists, who rallied on the...
US Fed chair says ‘the time has come’ to start cutting rates
The Fed's benchmark lending rate currently sits at a 23-year high of between 5.25 and 5.50 percent, cooling demand in...
Alibaba to upgrade Hong Kong listing amid profit drop
Hong Kong, China -- Chinese e-commerce giant Alibaba said Friday it would upgrade its Hong Kong-listed shares to primary status, opening...
Business
Most Read
Economy
US Fed chair expected to signal support for rate cuts
The annual Jackson Hole Economic Symposium in the US state of Wyoming gives Powell a global platform to enlighten financial...
- After holding its key lending rate at a two-decade high for more than a year, the US central bank now seems poised to start cutting rates in September
- While inflation has eased, the labor market has shown signs of cooling - though still remaining solid by historical standards - and economic growth has been resilient
Geostrategy
The Gaza mothers separated from their newborns by war
Jerusalem, Undefined - As their first birthday approaches, the triplets Gaza-native Hanane Bayouk gave birth to in Jerusalem before the war...
- Israeli travel restrictions and the ongoing conflict have left Palestinian mothers from Gaza struggling to access their children in Jerusalem
- The number of births at the hospital has fallen sharply as Israel has stopped issuing travel permits to mothers from Gaza and slashed the number given to mothers
Business
Stocks wobble as investors brace for Powell’s rate cut clues
Paris, France -- Stock markets wobbled on Thursday as investors await a highly-anticipated speech by US Federal Reserve chief Jerome Powell,...
- The dollar has been under pressure from expectations of lower rates, but it pared down some losses against other major currencies on Thursday.
- The spotlight will turn to Powell when he addresses an annual gathering of global central bankers, with investors eager to hear for fresh signals about the Fed's plans.