The Elders group of global leaders terms Gaza situation ‘unfolding genocide’
The London-based group also called for the "recognition of the State of Palestine", but added "this will not halt the...
Geostrategy
US toughens terrorism ban of Pakistan separatist fighters
The United States on Monday toughened its terrorist designation of separatist militants in Pakistan's southwest Balochistan province who were behind...
Geostrategy
Business
Norway’s sovereign wealth fund pulls out of troubled Adani Group
The fund, which is set up to put the country's oil and gas revenues to work, held some $200 million...
- Between 2014 and 2023, the fund had already divested from six subsidiaries of the Adani conglomerate, mainly for environmental reasons.
- The business empire of Indian billionaire Gautam Adani lost around $120 billion in value after Hindenburg Research accused it of artificially inflating share prices.
Business
AstraZeneca 2022 profit $3.3bn
The firm's revenues rose to US$44.4 billion in 2022.
- Investors welcomed AstraZeneca's earnings update, with its share price rallying five percent to US$13.7 in London.
- The annual net profit was boosted by cancer treatments and the integration of biotech unit Alexion following a takeover.
Business
Volvo Cars 2022 net profit $1.6bn
Revenue climbed by 17 percent to a record US$31.8 billion.
- Electric cars accounted for 11 percent of sales last year, compared to four percent in 2021.
- Volvo Cars accelerated towards the aim of becoming a fully electric car company by the end of the decade and climate neutral by 2040.
Business
ArcelorMittal 2022 profit $9.3bn
Profit was affected as demand for steel fell and production hit.
- ArcelorMittal took a $1 billion hit after suspending production at its Ukrainian factory in Kryvyi Rig.
- The conflict "resulted in low levels of production, sales and income and created significant uncertainty about the timing and ability" of operations.
Geostrategy
Row over West Bank outpost exposes Israel cabinet split
Jerusalem--Cracks have emerged within Israeli Prime Minister Benjamin Netanyahu's hardline government, with a row over the demolition of a settlement...
- Netanyahu vowed in December to expand settlements across the West Bank, as he returned to power at the helm of the most right-wing government in Israeli history.
- Despite being considered illegal by the state, two far-right members of the cabinet, Finance Minister Bezalel Smotrich and Public Security Minister Itamar Ben-Gvir, objected.
Geostrategy
Rival Libya administrations agree to remove foreign fighters: UN
Cairo, Egypt-- Senior Libyan officials from both rival administrations on Wednesday endorsed a coordination mechanism to clear the war-torn country of...
- According to UN estimates there are more than 20,000 foreign fighters, both military and paramilitary, in the country
- The country descended into a decade of violence following the 2011 overthrow of dictator Moamer Kadhafi in a NATO-backed rebellion
Geostrategy
Morocco criticizes ‘unjust’ EU campaign over Pegasus spyware
Rabat, Morocco--The Moroccan parliament decried Wednesday an "unjust campaign" against it at the European Parliament ahead of a hearing in Brussels...
- The parliament is set to hear from experts, human rights defenders and journalists on Thursday on claims that Morocco had used the spyware against politicians and journalists
- The Moroccan parliament voted unanimously to review ties with the European Parliament, accusing it of meddling
Geostrategy
Algeria recalls envoy from France in fresh outbreak of tensions
Tensions between Algeria and France have spiked again after Algerian President Abdelmadjid Tebboune on Wednesday decided to recall his country's...
- According to a statement released by Algeria, it has protested against the "clandestine and illegal exfiltration of an Algerian citizen" via Tunisia to France
- Ties between the two countries had been frosty since autumn 2021, but warmed when French President Emmanuel Macron visited Algiers last August
Business
Istanbul exchange to shut for five days, first time in 24 years
Istanbul, Turkey---The Istanbul stock exchange announced on Wednesday that it would close for five days in response to this week's deadly...
- The last time it suspended trading was after a 1999 quake which killed more than 17,000 people.
- The exchange cited an "increase in volatility and extraordinary price movements after the earthquake disaster" in its decision.
Business
Equinor posts record profit
Output slipped by 2% to 2.04 million barrels per day of oil equivalent.
- Net profit more than tripled to $28.7 billion, boosted mainly by skyrocketing gas prices.
- Equinor said it plans to invest $10-11 billion in 2023 and increase its oil and gas production by three percent.
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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
The Elders group of global leaders terms Gaza situation ‘unfolding genocide’
The London-based group also called for the "recognition of the State of Palestine", but added "this will not halt the...
Geostrategy
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Yunus says Bangladesh is experiencing a ‘student-led revolution’
Hasina fled by helicopter as protesters flooded Dhaka's streets in a dramatic end to her long rule. Her government was...
Geostrategy
US orders carrier group to hasten Middle East arrival
He said Austin, who spoke with his Israeli counterpart Yoav Gallant on Sunday, had also ordered the USS Georgia guided missile...
Geostrategy
Israel faces anger over Gaza school strike rescuers say killed 93
Mahmud Bassal, spokesman for the civil defence agency, said 11 children and six women were among the 93 who died...
Geostrategy
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Geostrategy
‘Children torn apart’: Israel strike rains hell on Gaza dawn prayers
Dawn prayers were shattered by the early morning triple air strike from Israeli warplanes, which gutted Al-Tabieen religious school and...
- "Israel is genociding the Palestinians one neighborhood at the time, one hospital at the time, one school at the time," said UN Rapporteur Francesca Albanese.
- In a report issued in March, Albanese said there were "reasonable grounds" to determine that Israel had committed several acts of "genocide" in its war in Gaza.
Imane Khelif – boxer in gender row and now Olympic champion
A strong athlete, she played football with the boys in her village of Biban Mesbah, but beating them in matches...
- Sporting braided hair and standing strong at 1.79 metres (5ft 9in), the 25-year-old has unwittingly become one of the central figures of the Games
- Along with Taiwan's Lin Yu-ting, she was disqualified from last year's world championships after failing gender eligibility testing, only to be cleared later
Flood of ‘junk’: How Artificial Intelligence is changing scientific publishing
Paris, France - An infographic of a rat with a preposterously large penis. Another showing human legs with way too many...
- Several experts who track down problems in studies told AFP that the rise of AI has turbocharged the existing problems in the multi-billion-dollar sector
- More than 13,000 papers were retracted last year, by far the most in history, according to the US-based group Retraction Watch