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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Gulf Air orders 12 Boeing 787 Dreamliners for $4.6 billion

San Francisco, United States -- US aviation giant Boeing on Thursday signed a contract worth billions of dollars to sell...
  • The order comes one month after an Air India Boeing 787 crashed shortly after takeoff, killing a total of 260 people on the plane and on the ground.
  • Boeing delivered 150 commercial aircraft in the second quarter, its highest number of deliveries in that quarter since 2018.

Trump threatens to sue WSJ over story on alleged 2003 letter to Epstein

Washington, United States - US President Donald Trump threatened to sue The Wall Street Journal Thursday over a story about...
  • The Journal story says the letter featuring a sketch of a naked woman and Trump's signature was part of a collection of notes for Epstein's 50th birthday in 2003
  • Wall Street Journal editor-in-chief Emma Tucker "was told directly by (White House press secretary) Karoline Leavitt, and by President Trump, that the letter was a FAKE."

Europeans tell Iran will reimpose sanctions if no progress on nuclear deal: France

Top European diplomats told their Iranian counterpart on Thursday they were determined to reactivate UN sanctions if Tehran does not...
  • The diplomats, from Britain, France, Germany and the European Union, told Iran's Foreign Minister Abbas Araghchi of "their determination to use the 'snapback' mechanism
  • They are applying pressure to convince Iran of "the urgency of returning to the diplomatic path without delay, in order to reach a robust, verifiable, and durable agreement."

Air India probe of Boeing 787 fuel control switches finds no issues

Mumbai, India - Air India's inspection of the locking feature on the fuel control switches of its existing Boeing 787...
  • A preliminary probe by Indian investigators found that they had flipped from the run position to cutoff shortly after takeoff
  • India's aviation regulator ordered the country's airlines this week to investigate the locking feature on the switches of several Boeing models.

Erdogan accuses Israel of using Druze as pretext to expand into Syria 

Turkish President Recep Tayyip Erdogan on Thursday accused Israel of using the Druze minority in Syria as a pretext for...
  • "I want to state this once again, clearly and directly: Israel is a lawless, unruly, unprincipled, spoiled, pampered, and greedy terrorist state," Erdogan said
  • "At this stage, the biggest problem in our region is Israel's aggression... If the monster is not stopped immediately, it will not hesitate to throw first our region," he added

Global markets rise as Trump weighs future of Fed boss

US indices were near record highs two hours into the Wall Street session with all eyes on an incoming earnings...
  • The rises came on the back of a better-than-expected US retail sales report and a round of mostly solid corporate earnings.
  • Market observers have been carefully watching reports that US President Donald Trump, fresh from unveiling new tariff threats, could sack Powell.

Baghdad and Arbil agree to resume Kurdish oil exports: government

Baghdad, Iraq -- The Iraqi government announced Thursday an agreement to resume crude exports from the autonomous Kurdistan region after...
  • Lucrative oil exports have been a major point of tension between Baghdad and Arbil, with a key pipeline through Turkey shut since 2023 over legal disputes and technical issues.
  • Oil exports were previously independently sold by the Kurdistan region, without the approval or oversight of the central administration in Baghdad, through the port of Ceyhan.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.
  • The firm said its net profit for the three months to June soared 60.7 percent from a year ago to NT$398.3 billion (US$13.5 billion).
  • That beat expectations of NT$376.97 billion, according to a Bloomberg News survey of analysts.

Israeli tank shell strikes Gaza’s only Catholic church, killing three

Pope Leo XIV said he was "deeply saddened" by the loss of life, which a witness said was the result...
  • The site was sheltering around 600 displaced people, the majority of them children and 54 with special needs.
  • "The people in the Holy Family Compound are people who found in the Church a sanctuary," the Patriarchate said.

Coca-Cola agrees to use real cane sugar in its US production

Washington, United States - Beverage giant Coca-Cola has agreed to use real cane sugar in its US production, President Donald...
  • The company currently uses high-fructose corn syrup (HFCS) in its domestic beverages - a sweetener that has long drawn criticism from Health Secretary Robert F. Kennedy Jr.
  • "I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so," Trump wrote on his Truth Social platform

Palantir, the AI giant that preaches US dominance

Palo Alto, United States - Palantir, an American data analysis and artificial intelligence company, has emerged as Silicon Valley's latest...

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UN chief blasts ‘lack of compassion’ for Palestinians in Gaza

United Nations, United States -- UN Secretary-General Antonio Guterres on Friday slammed the international community for turning a blind eye...

China’s premier tells EU leaders ‘we can’t afford’ massive industrial subsidies

Chinese Premier Li Qiang dismissed EU fears over Beijing's allegedly excessive subsidies to its industry, telling the bloc's leaders "we...

Syrian, Israeli ministers meet US envoy in Paris: senior diplomat

The US special envoy for Syria said he held talks with Syrian and Israeli officials in Paris on Thursday on...

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Iran defends ‘unshakable’ right to enrich uranium ahead of key talks

Iran on Thursday reaffirmed its right to enrich uranium, saying it was "unshakable", on the eve of key talks with...
  • Friday's meeting, set to take place in Istanbul, will be the first since Israel's mid-June attack targeting key nuclear and military sites in the Iran sparked a 12-day war
  • The hostilities between Iran and Israel broke out just two days before Tehran and Washington were set to resume negotiations on Iran's nuclear programme

International Court of Justice court paves way for climate reparations

The court said climate change was an "urgent and existential threat" and countries had a legal duty to prevent harm...
  • Countries breaching their climate obligations were committing a "wrongful act", the court said in its advisory opinion, which is not legally binding.
  • Campaigners and countries on the climate frontlines hailed a milestone moment in the fight for accountability from big polluters most responsible for global warming.

Israel recalls Gaza negotiators after Hamas responds to ceasefire plan

Mediators have been shuttling between Israeli and Hamas delegations in Qatar for more than two weeks, but the indirect talks have...
  • International concern is growing over the plight of the more than two million Palestinians in the Gaza Strip, where the fighting has triggered a dire humanitarian crisis.
  • International news organizations, including AFP, urged Israel on Thursday to allow journalists in and out of Gaza, with concern that a lack of food is putting their lives at risk.