Trump says to raise tariff on India over Russia oil purchases
President Donald Trump threatened Monday to "substantially" hike US tariffs on goods from India over its purchases of Russian oil...
Economy
Netanyahu seeks Red Cross help after hostage videos, Hamas says no special food privileges for captives
In response, Hamas's armed wing said it would allow the agency access to the hostages but only if "humanitarian corridors"...
Geostrategy
Economy
China scraps Covid tracking app as virus rules ease
More than two years after it was launched, China will retire "Communications Itinerary Card", which tracks people who have been...
- It comes just days after China announced an end to large-scale lockdowns, mandatory quarantine in central facilities, and a broad relaxation of testing measures
- The app is only one of a panoply of tracking apps that have governed everyday life in China throughout the pandemic
Geostrategy
Yemen war has killed or maimed over 11,000 children: UN
Hundreds of thousands have died since, either as a result of fighting or indirectly through unsafe drinking water, disease outbreaks,...
- About 2.2 million Yemeni children are acutely malnourished, one quarter of them aged under five, and most are at extreme risk from cholera, measles and other diseases
- Yemen's war broke out in 2014 and quickly saw Iran-backed Houthi rebels seize the capital Sanaa, prompting Saudi-led forces to intervene to prop up the government
Economy
Elon Musk targets US Covid response lead Fauci in viral tweet
Musk also posted a meme showing Fauci telling US President Joe Biden, "Just one more lockdown, my king..." -- in...
- Musk posted a meme showing Fauci telling US President, "Just one more lockdown, my king..." -- in apparent criticism of the Covid mitigation measure
- Vaccine scientist Peter Hotez called on Musk to delete the tweet, saying, "200,000 Americans needlessly lost their lives from covid due to such misinformation
Geostrategy
Erdogan urges Putin to ‘clear’ Kurd forces in northern Syria
Erdogan told Putin in a phone call on Sunday that is was "important to clear the (Kurdish fighters) from the...
- President Erdogan has been threatening to launch a new military incursion into northern Syria to push out Kurdish forces.
- Both Moscow and Washington have been putting diplomatic pressure on Ankara not to launch a new ground campaign.
Geostrategy
Activists warn a toothless UN nature pact will fail
The UN meeting, called COP15, running from December 7 - 19, bringing together nearly 5,000 delegates from 193 countries to...
- Implementation mechanisms are at the heart of the Paris agreement on the fight against global warming, in the form of "nationally determined contributions"
- The current text on biodiversity only "urges" countries to take into account the conclusions of a global review in four years' time
Geostrategy
Russia oil embargo, price cap disrupts tankers
Russia has assembled a "shadow fleet" of more than 100 vessels seeking to circumnavigate the Western sanctions regime. These ships...
- Aimed at depriving Russia of key income, the western sanctions have also slowed transportation of its oil by sea
- President Vladimir Putin on Friday warned that Russia could reduce crude production in response to the price limit
Economy
US Fed poised for smaller rate hike with eye on wage growth
But the half-point jump analysts expect to see in the Fed's benchmark lending rate will still be a steep rise,...
- To make borrowing more expensive, the Fed has raised interest rates six times this year, including four bumper 0.75-point increases, bringing the rate to between 3.75% and 4%.
- Despite the Fed's forceful moves, consumer inflation stood at 7.7% in Oct while job gains remained robust, raising worries that the bank would prolong aggressive campaign.
Science
NASA capsule splashes down after key voyage
After venturing further into space than any previous habitable spacecraft, Orion splashed down safely in the Pacific, completing the Artemis...
- "I don't think any one of us could have imagined the mission this successful," said Artemis Mission Manager Mike Sarafin in a press conference.
- As it reentered the Earth's atmosphere, the gumdrop-shaped capsule had to withstand a temperature of 2,800 degrees C, about half that of the surface of the Sun.
Geostrategy
US dispatches envoys to China in order to repair ties
A month after Chinese leader Xi Jinping and US President Joe Biden agreed to repair frayed relations, the US is...
- Biden left his meeting with Xi proclaiming that there need not be a new Cold War, while Xi told Biden the two countries "share more, not less, common interests"
- The United States and China are the two largest economies in the world, spend more than any other nations on their militaries and are locked in fierce strategic competition
Economy
Ethiopia reels from high inflation and economic slowdown
After a decade of dynamic growth during the 2010s, Africa's second most populous country has suffered multiple shocks, including the...
- Annual average inflation is expected to hit 30 percent in 2022 (compared to 26 percent last year), driven by an increase in food costs
- A peace deal signed last month between the federal government and Tigrayan rebels has raised hopes of an economic recovery
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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
Trump says to raise tariff on India over Russia oil purchases
President Donald Trump threatened Monday to "substantially" hike US tariffs on goods from India over its purchases of Russian oil...
Economy
Company News
Latest News
Chip giant TSMC shifts to Japan
Business
Erdogan visits opposition party headquarters first time in 18 years
Istanbul, Turkey - Turkish President Recep Tayyip Erdogan visited the opposition CHP party headquarters on Tuesday, the first time in 18...
Geostrategy
Blinken in Israel to push ceasefire plan for Gaza
US Secretary of State Antony Blinken will hold talks with key Israeli opposition figures on Tuesday, a day after he...
Geostrategy
Intel suspends expansion of factory plan in Israel
New York, United States - Intel is halting the expansion of a major factory project in Israel, which was going to...
Business
Most Read
Business
Virgin Galactic completes final spaceflight before two-year pause
Washington, United States -- Virgin Galactic on Saturday successfully completed its last spaceflight before heading into a two-year pause on commercial...
- One of the private astronauts was Tuva Atasever, a Turkish space agency astronaut whose seat was contracted through another space company, Axiom.
- During the flight, Atasever wore custom headgear with brain activity monitoring sensors to collect physiological data.
Geostrategy
UN Security Council to vote on US Gaza ceasefire resolution
The text of the resolution "welcomes" the truce and hostage release proposal announced on May 31 by President Joe Biden,...
- The United States, a staunch ally of Israel, has been widely criticized for having blocked several UN draft resolutions calling for a ceasefire in Gaza.
- Under the proposal, Israel would withdraw from Gaza population centers and Hamas would free hostages. The ceasefire would last an initial six weeks.
Business
EU targets UAE telecoms firm in new anti-subsidy probe
Telecoms group e&, whose majority stakeholder is the UAE government, signed a $2.3-billion agreement in August 2023 to purchase Czech...
- The alleged subsidies "notably take the form of an unlimited guarantee from the UAE and a loan from UAE-controlled banks directly facilitating the transaction", it added.
- The commission said it will investigate whether the subsidies lead to "actual or potential negative effects" on the bid's process or the EU's internal market.