European Union probes UAE oil giant’s purchase of Germany’s Covestro
Brussels, Belgium -- The European Commission on Monday announced an investigation into the takeover of German chemical firm Covestro by...
Business
Godzilla fans fete the monster as it turns 70
San Diego, United States - Godzilla has morphed over the years, but one constant is the devotion of its fans,...
Arts & Culture
Business
Equal fee for India’s men and women cricketers
Match fees are however separate from annual pay packets -- there will still be enormous differences between what men and...
- Board of Control for Cricket in India (BCCI) secretary Jay Shah said, "We are implementing pay-equity policy for our contracted @BCCIWomen cricketers."
- Shah said that men and women players will now get 1.5 million rupees ($18,000) for each Test, 600,000 rupees for one-day internationals and 300,000 rupees for T20 internationals.
Business
TotalEnergies posts Q3 net profit of US$6.6bn
Firm said surging oil, gas prices helped it post massive profits.
- Net profits at TotalEnergies soared 43 percent from the same period last year with record performances for its natural gas and liquefied natural gas activities.
- The firm has now earned $17.3 billion over the first nine months of the year, more than the $16 billion in profits it posted last year.
Geostrategy
Israel PM claims Lebanon ‘recognizes’ Israel in sea border deal
Jerusalem, Undefined—Prime Minister Yair Lapid on Thursday claimed Israel's foe Lebanon de-facto "recognizes" the Jewish state, due to a sea border...
- The premier was speaking at the opening of a cabinet meeting convened to formally approve the deal, hours ahead of the expected signing by the two parties
- Washington has played a key role in mediating the lengthy negotiations between Israel and Lebanon, who remain technically still at war
Business
Credit Suisse launches radical overhaul to stabilize bank
Switzerland's second-biggest bank launched a strategic review aimed at putting an end to a series of scandals that have shaken...
- Credit Suisse also said expects to run the bank with approximately 43,000 staff by the end of 2025 compared to 52,000 at the end of September
- Its investment bank suffered a loss of 3.7 billion Swiss francs in 2021 and backed that up with a 992 million Swiss franc loss in the first half of 2022
Business
Samsung posts 31% decline in Q3 operating profit
It, however, reported a 3.79% increase in sales.
- The third-quarter results are the first year-on-year decline in profit in nearly three years for Samsung Electronics, the world's biggest smartphone maker
- Operating profit for July to September 2022 fell to 10 trillion won ($7 billion), down from 15.8 trillion won for the same period last year, the company said
Economy
IEA says global emissions to peak in 2025
Owing to surging energy prices fueled largely by the Russian invasion of Ukraine, the IEA feels global emissions will peak...
- The IEA forecasts global clean energy investment to rise by more than 50 percent from today's levels to $2 trillion per year by 2030
- It also has a scenario to arrive at zero net emissions in 2050, which is seen as necessary to hit the 1.5C warming target enshrined in the Paris climate pact
Geostrategy
Fifteen dead in attack on Shiite shrine in Iran
At least 15 people were killed Wednesday in an attack on a key Shiite Muslim shrine in southern Iran, state...
- Local judiciary chief Kazem Mousavi told state television that "only one terrorist was involved in this attack."
- Iranian media published images and video footage showing bloodied bodies covered in cloth lying inside the shrine
Business
Aramco to launch US$1.5bn sustainability fund for energy transition
Riyadh, Saudi Arabia— Aramco will launch a $1.5 billion sustainability fund to invest in stable and inclusive energy transition technology....
- According to its CEO Amin Nasser, the fund will be managed by the company's venture capital arm Aramco Ventures
- The company is also developing its blue ammonia and hydrogen business to produce up to 11 million metric tons of blue ammonia per year by 2030
Geostrategy
Israel targets multiple positions in strikes on Damascus
Continuing with its belligerence toward Syria, Israel attacked many positions near Damascus in the early hours of Thursday, in the...
- According to Syria, its air defense intercepted several missiles, but the ministry did not provide details on targets
- While Israel rarely comments on the strikes it carries out on Syria, it has repeatedly said it will not allow its archfoe Iran to gain a foothold there
Geostrategy
Climate pledges short of limiting temperature rise to 1.5C: UN Official
Paris, France - International climate pledges remain far off track to limit rising temperatures to 1.5 degrees Celsius, according to a...
- The combined climate pledges of more than 190 nations that signed up to the 2015 Paris climate deal put Earth on track to warm by around 2.5C.
- With the planet already battered by climate-enhanced heatwaves, storms and floods after just 1.2C of warming, experts say world is still failing to act.
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European Union probes UAE oil giant’s purchase of Germany’s Covestro
Brussels, Belgium -- The European Commission on Monday announced an investigation into the takeover of German chemical firm Covestro by...
Business
Company News
Latest News
Blinken presses for Gaza aid on Jordan visit
Blinken, on his latest tour of the region since the Gaza war erupted in October, observed Jordan's efforts to bring...
Geostrategy
Blinken demands ‘no more delays’ by Hamas on truce deal
US Secretary of State Antony Blinken demanded Tuesday that Hamas accept a proposal for a Gaza ceasefire and release of...
Geostrategy
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Geostrategy
Hopes rise for possible truce deal between Israel and Hamas
Jerusalem, Undefined - Hopes rose on Monday for a long-sought-after truce and hostage release deal after almost seven months of war...
- Washington's top diplomat said he was "hopeful" Hamas would accept the offer, which his British counterpart said could see the release of thousands of Palestinian captives
- For months, meditators Egypt, Qatar and the United States have been trying to broker a new agreement between the combatants
Geostrategy
European, Arab ministers meet in Saudi to jump-start two-state solution
Earlier on Monday, European Union foreign policy chief Josep Borrell told reporters he would encourage Arab leaders to put forward...
- The meeting took place on the sidelines of a two-day World Economic Forum special meeting in Riyadh that was largely devoted to the grinding war in the Gaza Strip
- Israel's offensive has killed at least 34,488 people in Gaza, mostly women and children, according to the health ministry in the Hamas-run territory
Business
QatarEnergy signs $6 billion deal with China shipbuilder
The China State Shipbuilding Corporation (CSSC) is set to deliver eight Liquified Natural Gas (LNG) vessels in 2028 and 2029,...
- Last month, QatarEnergy announced it had signed deals for a total of 104 smaller, conventional-size vessels.
- Qatar is one of the world's top LNG producers alongside the United States, Australia and Russia.