Trump hits India with 25% tariff and ‘penalty’ over Russia ties
US President Donald Trump said Wednesday that imports from India will face 25 percent tariffs, while also announcing an unspecified...
Economy
Trump’s MAGA base defies conservative pro-Israel doctrine
Washington, United States - Unconditional support for Israel has long been an entry requirement in US Republican politics, but that...
Geostrategy
Geostrategy
Germany says EU will adopt new sanctions against Iran
Designed as a punishment for the government of Iran, the EU will likely adopt new sanctions against the Islamic republic...
- The bloc had already imposed sanctions in mid-October against Iran’s “morality police” and 11 officials including the telecommunications minister
- Iran has been rocked by demonstrations over the death of Mahsa Amini, a 22-year-old Iranian of Kurdish origin, following her arrest in Tehran for allegedly flouting the dress rules
Business
Hackers demand $10 mn for stolen Australian health records
Medibank, Australia's largest private health insurer, confirmed this week that hackers had accessed the information of 9.7 million current and...
- Medibank hack and an earlier data breach impacting nine million customers at telecom company Optus has raised questions about Australia's ability to repel cyber criminals
- The group behind the attack appears to be pressuring Medibank by hunting for the most potentially damaging personal information within the records
Economy
Countries wrangle over future climate finance at COP27
Diplomats from developing nations criticised the persistent imbalance in climate financing which, within the UN framework, should be evenly split...
- In 2009, UN climate summit saw rich nations promise $100 billion a year by 2020 to Global South, but two years past that deadline the amount delivered is still $17 billion short
- As climate disasters have multiplied over the last decade, nations in the Global South have called for a separate financial facility for loss and damage
Geostrategy
Russia orders troops out of Kherson in major reversal
Russia's commander in Ukraine, Sergei Surovikin proposed the "difficult decision" of pulling back from the city and setting up defences...
- Russia's commander in Ukraine, Sergei Surovikin proposed the "difficult decision" of pulling back from the city and setting up defences on the eastern bank of the Dnipro River
- Kherson was the first urban hub captured by Russia during its "special military operation" and the only regional capital controlled by Moscow's forces since the offensive began
Geostrategy
ICC prosecutor calls on Libya’s Haftar to ‘prevent’ crimes by troops
Tripoli, Libya— The International Criminal Court's chief prosecutor said Wednesday he had urged eastern Libyan military chief Khalifa Haftar to "prevent"...
- The North African nation descended into chaos following the NATO-backed revolt that brought down dictator Moamer Kadhafi's regime in 2011
- Before taking over as the ICC's lead prosecutor, Karim Khan defended Seif al-Islam Kadhafi, son of slain dictator Moamer Kadhafi, whose arrest the ICC is seeking
Business
US unveils green transition scheme for developing nations
Intended to support the transition to renewable energy in developing nations, the United States launched a partnership with private funds...
- Climate campaigners have criticized the US scheme, launched a day after a UN expert panel said carbon credits should not be used to "offset" emissions
- Companies, like Microsoft and Pepsi who have expressed interest in the plan, would invest in renewable energy projects, allowing countries to show reductions in emissions
Business
Qatar has thousands of World Cup rooms available: Accommodation official
There are at least 25,000 rooms free even during the peak days of the World Cup, expected between November 24...
- For accommodation bookings, neighbouring Saudi Arabia has been the top market, followed by the United States, Mexico, Argentina, India, Britain, Brazil, Canada, Iran and Japan.
- Qatar is the smallest country to hold the World Cup, leaving many foreign fans worrying about prices and the availability of rooms.
Business
Germany bans chipmaker’s sale to Chinese firm
Fears have been growing in Europe's economic powerhouse about an over-reliance on Beijing, and letting critical infrastructure fall into the...
- Chinese company Sai MicroElectronics had been seeking to buy the Dortmund factory of Elmos through its Swedish subsidiary Silex.
- The German government had rejected the planned takeover because "the purchase could endanger the order and security of Germany.
Geostrategy
Lebanon seeks to demarcate maritime border with Syria
Lebanese security officials and politicians have made several visits to Syria in recent years, but almost exclusively in their personal...
- Syria, which once had a controlling hand in Lebanon's affairs, has repeatedly refused to delimit land and sea borders with its neighbor.
- Lebanon announced in late October that a delegation would travel to Damascus to discuss the issue, but the trip did not take place.
Business
Meta lays off 11,000 staff, Zuckerberg calls it the ‘most difficult change’
Zuckerberg said the cuts represented 13 percent of Meta's workforce and would affect its research lab focusing on the metaverse...
- The tech industry is currently in a serious slump and several major firms have announced mass layoffs -- Twitter's new owner Elon Musk fired half its staff last week.
- Ad-supported platforms such as Facebook and Google are suffering from advertisers' budget cuts as they struggle with inflation and rising interest rates.
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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 hits India with 25% tariff and ‘penalty’ over Russia ties
US President Donald Trump said Wednesday that imports from India will face 25 percent tariffs, while also announcing an unspecified...
Economy
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Despite international appeals, Israel to ‘intensify’ Rafah assault
Defense Minister Yoav Gallant said "additional forces will enter" the Rafah area and "this activity will intensify". "Hundreds of targets...
Geostrategy
ADX gains $1.90bn on strong performances from bank stocks
Abu Dhabi, UAE -- The Abu Dhabi Securities Exchange (ADX) extended its gains at the close of trading today, adding...
Business
Bahrain calls for Mideast peace conference at Gaza-focused Arab League
King Hamad bin Isa Al Khalifa was addressing fellow heads of state and government at the 22-strong grouping in Manama,...
Geostrategy
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Geostrategy
Hamas chief says group to decide on post-war Gaza rule with Palestinian factions
Ismail Haniyeh on Wednesday said the movement will be involved in deciding post-war rule in Gaza along with other Palestinian...
- Haniyeh also said the fate of truce talks was uncertain because of Israel's "insistence on occupying the Rafah crossing and on its expansion of the aggression."
- His comments came after Netanyahu said any discussion on who rules Gaza after the war was just "empty talk" as long as Hamas remains in the territory
Israel PM says no ‘humanitarian catastrophe’ in Rafah as almost 500,000 evacuated
The United Nations said Tuesday that nearly 450,000 people had been displaced from Rafah since Israel first began issuing evacuation...
- The international community, including Israel's top ally Washington, had urged Israel to refrain from launching a ground offensive in Rafah
- But Netanyahu insisted that "the humanitarian catastrophe that was spoken about did not materialise, nor will it"
Business
As international gas demand grows, Qatar eyes more long-term deals
Energy Minister Saad al-Kaabi, who is also chief executive of QatarEnergy, said the state-owned giant had secured sales of 25...
- "It's just agreeing on terms and conditions and pricing... but I think there's a huge demand out there, whether it's from Asia or Europe," Kaabi told the Qatar Economic Forum.
- "I think even Europe is realizing now they have to do something different to secure long term," he added.