Dormant Russia volcano erupts for first time in 450 years
Moscow, Russia -- A volcano erupted for the first time in 450 years in Russia's eastern Kamchatka region, the nation's...
Geostrategy
US envoy meets Israeli hostage families in Tel Aviv
US envoy Steve Witkoff on Saturday met the anguished families of Israeli hostages still held in Gaza, as fears for...
Geostrategy
Geostrategy
Iran summons envoy after France condemns ‘infringement’
Taking offense at France's unanimous vote by lawmakers earlier this week, condemning infringement of liberties and women's rights, Iran's foreign...
- During the debate in the French parliament, Foreign Minister Catherine Colonna condemned "the Iranian regime's massive use of arbitrary detention"
- French ambassador Nicolas Roche heard Iran's "strong protest against the baseless accusations" and "unacceptable interventions"
Business
SAS reports deeper losses
The airline's net losses amounted to more than $117 million.
- Net losses amounted to more than 1.2 billion Swedish kronor ($117 million) in the August-October period
- The airline, however, saw the "highest number" of passengers since the beginning of the Covid pandemic
Economy
Europe’s inflation declines for first time in 17 months: EU agency
Boosted by soaring energy and food bills triggered by Russia's war in Ukraine, the rate of price increases had hit...
- Analysts had expected the inflation rate in the single currency area to fall but the drop was steeper than predicted
- Among 19 countries that use the euro, Spain now has the lowest inflation rate, dropping to 6.6 percent compared to previous top performer France
Business
Britain eyes digital trade accord with Ukraine, boost in bilateral relations
Britain's Trade Secretary Kemi Badenoch and Ukrainian Economy Minister Yulia Svyrydenko will meet in London to unveil the deal, the...
- The accord will guarantee access to UK's financial services industry, helping reconstruction efforts and establishing closer cooperation on cybersecurity and emerging technologies
- The agreement comes after London slashed tariffs on all Ukrainian goods to zero under a free trade deal with the war-torn nation
Business
H&M plans revamp, to cut 1,500 jobs worldwide as it leaves Russia
Swedish fashion retailer H&M said Wednesday it would cut some 1,500 jobs worldwide as a result of a cost-cutting programme...
- The restructuring programme was announced in September, as the clothing giant announced a sizeable drop in third quarter profits
- The programme is expected to cost some 800M Swedish kronor ($76m) but would provide annual savings of around two billion kronor
Business
Musk’s Twitter lifts rule against Covid misinformation
Twitter's New boss Elon Musk believes that all content permitted by law should be allowed on the social media platform,...
- During the pandemic, Twitter took to labeling misleading tweets about Covid and booting users who persisted in spreading such misinformation
- Under Musk, who calls himself a "free speech absolutist," Twitter has begun reinstating roughly 62,000 accounts in what is being referred to internally as "the Big Bang"
Science
SpaceX postpones mission to put Japanese lander on Moon
The US space agency wants to develop the lunar economy in the coming years by building a space station in...
- A Falcon 9 rocket is now scheduled to blast off at 3:37 am (0837 GMT) Thursday from Cape Canaveral, Florida
- Measuring just over 2 by 2.5 meters, it carries on board a 10-kilogram rover named Rashid, built by the UAE
Arts & Culture
How film and TV can help the climate change battle
Analysing a database of 37,453 film and TV scripts from 2016 to 2020, researchers at the University of Southern California...
- Scriptwriters have been keen to address climate change, Joyner said, but felt others would not be interested, or that they would be branded as hypocrites
- The number of Americans viewing climate change as a major threat jumped from 37 to 55 percent between 2017 and 2021, despite right-wing denials
Geostrategy
US approves sale of US$1bn anti-drone system to Qatar
Washington, United States— The US government on Tuesday announced the approval of a $1 billion sale of FS-LIDS counter-drone systems and...
- The announcement on the sale of the systems comes after repeated drone attacks claimed by Tehran-backed Houthi rebels elsewhere in the Gulf region
- The State Department approved the possible sale, and the DSCA on Tuesday provided the required notification to Congress, which still needs to sign off on the transaction
Economy
Qatar says ‘400-500’ workers died on World Cup projects
More than 400 migrant workers died in labor accidents in Qatar in the build up to the World Cup, according...
- Migrant workers make up more than 2.5 million of Qatar's 2.9 million population
- Qatar has also introduced a minimum wage of 1,000 riyals ($260) and restricted hours in which workers can go out in extreme heat
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
Dormant Russia volcano erupts for first time in 450 years
Moscow, Russia -- A volcano erupted for the first time in 450 years in Russia's eastern Kamchatka region, the nation's...
Geostrategy
Company News
Glencore 2023 profit down 75%
Business
Latest News
Gaza mediators urge Israel, Hamas to accept truce plan
Rafah, Palestinian Territories - Qatari, Egyptian and US mediators called on Israel and Hamas Saturday to "finalise" the truce deal outlined...
Geostrategy
Hamas says Israel’s Gaza ceasefire proposal ‘positive’
The US president urged Hamas to accept the Israeli offer. "It's time for this war to end, for the day...
Geostrategy
Houthis launch fresh drone, missile attacks from Yemen: US
Dubai, United Arab Emirates - Yemen's Iran-backed Houthis launched several drones and two ballistic missiles on Friday, the US military said,...
Geostrategy
Most Read
Business
UBS-Credit Suisse merger completed
The fallen Credit Suisse AG legally ceases to exist.
- Credit Suisse AG's clients are now considered to be clients of UBS AG.
- With today's merger, UBS has taken over Credit Suisse's rights and obligations.
Geostrategy
Israel troops push into central Rafah
In central Gaza, the Israeli army said it was "intensifying operations" and had carried out air strikes that "eliminated several...
- Witnesses reported seeing Israeli air strikes "in central Rafah" as well as troop movements in the area
- Israel said its forces had killed about 300 Palestinian fighters in Rafah since launching its military operation in the city
Business
Oil giant Aramco says to offer shares worth over $10 bn on Saudi bourse
Riyadh, Saudi Arabia - Oil giant Saudi Aramco said on Thursday it plans to sell 1.545 billion shares worth more than...
- In a statement posted to the Saudi stock exchange, Aramco announced a secondary public offering of 1.545 billion shares
- The sale on the local bourse, which represents approximately 0.64 percent of the company's issued shares, will commence on Sunday