Accumulating bitcoin a risky digital rush by companies?
London, United Kingdom - US President Donald Trump's media group and Tesla, the electric carmaker owned by tech billionaire Elon...
Business
Average US tariffs now highest since 1910s: WTO and IMF
The figure, calculated by the two organizations, stands in contrast with the 2.4 percent rate in force at the time...
Economy
Business
Saudi businessman bids US$2.6m for Messi-Ronaldo game
A real estate businessman from Saudi Arabia has won a ticket to see Cristiano Ronaldo and Lionel Messi face off...
- It will mark the first time Ronaldo has played any football in the kingdom since signing a contract with Al Nassr
- The proceeds from the auction are due to go to the national charity campaign known as Ehsan
Geostrategy
European Union takes on US, China over clean tech in Davos
European Commission President Ursula von der Leyen slammed what she described as "aggressive attempts" to convince Europe's clean technology operations...
- "China subsidies its industry and restricts access to its market for EU companies," she said, warning the EU would "not hesitate" to probe such aid that distorts the market.
- Speaking after von der Leyen, Chinese Vice Premier Liu He called for an end to "Cold War mentality" and repeated Beijing's opposition to "unilateralism and protectionism".
Egypt’s economic turmoil squeezes struggling middle class
Steve Hanke, an economist at Johns Hopkins University who measures inflation based on purchasing power parity and factoring in black...
- Egypt's official annual headline inflation hit 21.9 percent in December, and food prices surged 37.9 percent
- According to the World Bank, nearly one-third of Egypt's 104 million people already live below the poverty line
Economy
China economy grows 3% in 2022: official data
The world's second-largest economy faced historic headwinds as 2022 drew to a close, with exports plunging last month due to a...
- Beijing had set itself a target of 5.5 percent, a rate already much lower than the performance of 2021, when the country's GDP increased more than eight percent
- Tuesday's figures represent China's worst growth figures since a 1.6 contraction in 1976 -- after the coronavirus emerged in Wuhan in late 2019
Geostrategy
Iranian diaspora demand EU blacklisting of Revolutionary Guards
Pressure is growing among opposition exiles and activists for the European Union and United Kingdom to follow the United States...
- European parliament speaker Roberta Metsola pledged to the demonstrators that the EU was standing with the protesters in Iran
- Activists accuse the Revolutionary Guards of playing a key role in the crackdown on the protests which according to rights groups has left hundreds dead
Geostrategy
Violence erupts in Morocco in operation to clear out migrants
Violence broke out in an illegal camp in Casablanca when police sought to remove migrants, injuring an officer and leaving...
- The area on the edge of Casablanca is periodically the scene of tensions between authorities and migrants living in scattered, unsanitary camps
- The Moroccan Association for Human Rights (AMDH) denounced police "violence" during the operation
Economy
Europe investigators question witnesses over Lebanon central bank chief
European investigators began questioning high-profile witnesses in Lebanon as part of a probe into central bank governor Riad Salameh's wealth,...
- Investigators from France, Germany and Luxembourg questioned Saad Andary, Lebanon's central bank former vice governor.
- The investigators also questioned Khalil Kassaf, a former employee at Lebanon's banking control commission.
China’s Tencent fires more than 100 for fraud, embezzlement
In a statement, the firm - which in November posted its second consecutive quarterly decline in revenue -said it had...
- The Hong Kong-listed company is the world's top video game maker and the owner of popular super-app WeChat
- Tencent has been hit hard by China's regulatory crackdown , which saw hundreds of firms pledged to scrub "politically harmful" content
Egypt hands businessman life sentence over rare protests
The court sentenced Ali to life in prison together with 37 co-accused, while several dozen others were handed prison terms...
- Mohamed Ali, a construction contractor and fledgling actor, burst onto Egypt's political scene in 2019 when videos he posted on social media accusing Sisi of corruption
- His posts, filmed from Spain where he has lived for several years, racked up millions of views and briefly sparked a wave of small-scale but boisterous demonstrations
As Davos opens, Oxfam urges ‘billionaire busting’ policies
In a report titled "Survival of the Richest", Oxfam said billionaires had doubled their wealth over the last 10 years,...
- The very wealthy have grown richer amid the cost-of-living crisis sparked by the Covid pandemic and soaring food and energy prices following Russian war, the report said
- Since 2020, billionaire wealth has surged by $2.7 billion a day even as inflation outpaced the wages of at least 1.7 billion workers worldwide, Oxfam said
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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
Accumulating bitcoin a risky digital rush by companies?
London, United Kingdom - US President Donald Trump's media group and Tesla, the electric carmaker owned by tech billionaire Elon...
Business
Company News
Latest News
Israel bombs Gaza after US criticizes high civilian toll
The health ministry said a strike on a fuel station in Al-Mawasi in southern Gaza killed 17 people, and the...
Geostrategy
IMF maintains 2024 global growth forecast, warns of inflation risk
The International Monetary Fund expects the world economy to grow 3.2 percent this year, unchanged from its April forecast, according...
Economy
Hamas and Palestinian rivals Fatah to meet in Beijing: officials
Several reconciliation bids have failed, but calls have grown since the Hamas October 7 attacks on Israel set off the...
Geostrategy
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Geostrategy
European Union imposes fresh sanctions on ‘extremist’ Israeli settlers
Brussels, Belgium -- The European Union on Monday announced sanctions on five Israelis -- including those termed "extremist settlers" -- and...
- The asset freezes and visa bans are the second round of sanctions from the 27-nation bloc targeting violent Israeli settlers, taking the total number of listings to 14.
- Prominent settlers blacklisted by the European Union included Moshe Sharvit, Zvi Bar Yosef, Baruch Marzel, and Isaschar Manne.
Geostrategy
Hamas says pulling out of Gaza truce talks, as Israel keeps up strikes
A Hamas official said Sunday that the Palestinian group was withdrawing from Gaza truce talks, as Israeli bombardments hit a...
- On Sunday, Israeli forces struck a UN-run school in the central Nuseirat refugee camp
- Four previous strikes on schools turned shelters since July 6 killed a total of at least 49 people
Biden tells Americans to ‘cool it down’ after Trump assassination bid
As the country reeled from images of a bloodied Trump waving his fist after the gunman opened fire at a...
- Biden also mentioned the January 6, 2021, Capitol attack by pro-Trump supporters as proof that the situation is getting out of hand
- Just before Biden's speech, Trump landed in Milwaukee for the Republican National Convention, during which he will formally be anointed the party's nominee