Thousands of carpets sunbathe at Turkish resort
From June-Sept, in harvested fields cleared of stubble, merchants bring their cargo to age in the sun, tempering the bright...
Arts & Culture
UN agencies warn Gaza slipping into famine as Israel resists ceasefire calls
The Integrated Food Security Phase Classification Initiative, a coalition of monitors tasked by the UN to warn of impending crises,...
Geostrategy
Business
Bayer Q3 profits at US$544m
Strong performance of the firm's agrochemicals division helped.
- Bayer reported US$84.9 million in profit in the third quarter of 2021.
- Sales rose by 5.7 percent, to more than US$11.18 billion.
Geostrategy
UN urges Egypt to release hunger-striking dissident Abdel Fattah
Abdel Fattah, 40, was a major figure in the 2011 revolt that toppled longtime president Hosni Mubarak. After a seven-month...
- British Prime Minister Rishi Sunak and French President Emmanuel Macron met with Egyptian President Abdel Fattah al-Sisi and upped the pressure for his release.
- Activists at COP27 have also been posting prolifically on Twitter under the hashtag #FreeAlaa.
Geostrategy
Sweden seeks Turkish approval for its NATO membership
Despite the change in stance in Stockholm, some analysts believe Turkey's presidential and parliamentary elections in June 2023 could delay...
- NATO Secretary General Jens Stoltenberg sought last week to strengthen the new applicants' hand by personally travelling to Ankara to argue their case
- Turkey, which seeks to maintain good relations with both Ukraine and Russia, has refrained from joining Western sanctions on Moscow
Business
Sony to begin plastic packaging phase-out next year
The Japanese conglomerate wants to eliminate the material from all containers for newly designed smaller goods by 2025, a spokeswoman...
- From April 2023, plastic packaging will not be used for some new products weighing one kilogram or less
- Sony eventually wants to eliminate plastic packaging for larger products like televisions, but no specific time frame has been decided yet
Business
Investcorp of Bahrain to boost India investments to US$5bn
The company hopes to elevate its investments in India to $5 billion within the next five years, up from just...
- Manama-based private equity company's investments in India represents just 1.5 percent of the $42.7 billion in assets managed by the firm globally
- The plan to ramp up investments in India is a part of Investcorp’s strategic move to expand its assets to $100 billion
Business
Renault to reorganize towards electric future
The electric vehicle market is expected to grow rapidly in response to consumers' worries about climate change, putting pressure on...
- Investors on Monday expressed their interest in Renault's transformation, with the group's shares climbing 3.77 percent on the Paris stock market
- Renault still needs large investment to accelerate its electric transformation, according to plans it presented in 2020
Business
ITA Air chief quits amid clash over sale
Chairman Alfredo Altavilla was accused of obstructing an offer by US investment fund Certares, Delta Airlines and Air France-KLM in...
- According to Italian media, the Certares consortium had proposed buying nearly 56 percent of ITA for around 600 million euros ($599 million)
- Lufthansa and Swiss-Italian shipping group MSC had meanwhile offered 850 million euros for 80 percent of ITA, which replaced loss-making national carrier Alitalia
Business
US seizes US$3.4bn in bitcoin stolen from Silk Road
New York, United States— The US government announced Monday it had seized $3.4 billion in bitcoin from a real estate developer...
- Agents recovered the digital money when they raided Zhong's house in Gainesville, Georgia, in November last year
- Prosecutors say Zhong defrauded Silk Road by triggering quick transactions from roughly nine anonymous accounts
Business
Twitter suspends verified accounts impersonating @elonmusk
A decision that will likely raise question marks over its commitment to free speech, Twitter has suspended many verified accounts...
- Comedian Kathy Griffin, whose blue-ticked account has two million followers, was among those who were locked out after crossing the mercurial CEO
- Actions so far have included firing half the firm's global workforce, and announcing an $8 a month charge for the previously free blue tick verification
Business
Microsoft co-founder’s art to fetch US$1bn at auction
Expected to fetch more than $1 billion at the two-day sale in New York, late Microsoft co-founder Paul Allen's art...
- The collection is also unique for its value: several masterpieces are estimated to fetch more than $100 million
- Allen left Microsoft in 1983, due to health problems and a deteriorating relationship with Gates, who remained in charge of the company until 2000
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
Thousands of carpets sunbathe at Turkish resort
From June-Sept, in harvested fields cleared of stubble, merchants bring their cargo to age in the sun, tempering the bright...
Arts & Culture
Company News
Sony hikes net profit forecast
Business
Latest News
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...
Business
Hezbollah commander among two killed in Israeli strike: source
Lebanese state media said an Israeli strike on a car in the country's south killed two people Tuesday, with a...
Geostrategy
Palestinians mark ‘Nakba’ anniversary as thousands flee Gaza’s Rafah
Tens of thousands of civilians fled the southern Gaza city of Rafah ahead of a threatened Israeli ground offensive, as...
Geostrategy
Most Read
Business
US says Boeing can be prosecuted for 737 MAX crashes
San Francisco, United States - The US Justice Department on Tuesday said Boeing can be prosecuted for two subsequent 737 Max...
- Boeing breached obligations under an agreement that had shielded it against legal proceedings for the accidents, department officials said in a letter to a federal court in Texas
- Such a breach would mean Boeing can be prosecuted for any violation of federal law related to the crashes, according to US justice officials
Geostrategy
Summer 2023 was the hottest in 2,000 years: study
Paris, France -- Last year's northern hemisphere summer was the hottest in 2,000 years, according to a new study published on...
- Study co-author Max Torbenson told reporters that 25 of the last 28 years exceeded the summer highs of AD246 -- the hottest year before modern temperature records began.
- A separate study warns that higher temperatures and ageing populations would see tens of millions of older people being exposed to dangerous heat extremes by 2050.
Geostrategy
Israel’s Rafah attack set Hamas talks ‘backward’: mediator Qatar
"There is no clarity how to stop the war from the Israeli side. I don't think that they are considering...
- Israeli politicians were indicating "by their statements that they will remain there, they will continue the war. And there is no clarity on what Gaza will look like after this".
- A senior US official told AFP negotiations were "at a simmer, they are at a low boil", but that conversations with the parties were continuing.