Tunisia plastic collectors spread as economic, migration woes deepen
Tunis, Tunisia - A towel draped over his head, Hamza Jabbari sets bags of plastic bottles onto a scale. He...
Economy
Humanoid robots embodiment of China’s AI ambitions
Shanghai, China -- Serving craft beer, playing mahjong, stacking shelves and boxing, the dozens of humanoid robots at Shanghai's World...
Geostrategy
Business
GM posts Q3 profit of US$3.3b
US automaker was bolstered by strong vehicle pricing.
- Revenues jumped 56 percent to $41.9 billion, a quarterly record.
- GM Chief Financial Officer Paul Jacobson acknowledged rising worries about the drag from inflation on economic growth.
Business
UBS Q3 net profit is US$1.7b
The bank income in Q3 fell by 10 percent to $8.2billion.
- The energy crisis had affected their retail and small business clients in Switzerland.
- The CEO of UBS said clients are concerned about high inflation, elevated energy prices and the war in Ukraine,
Science
Video games not as harmful for children as feared
Parents often worry about the harmful impacts of video games on their children, but a large new US study indicates...
- For the new research, Chaarani and colleagues analyzed data from the large and ongoing Adolescent Brain Cognitive Development (ABCD) Study
- Future studies could also benefit from knowing what genres of games the children were playing -- though at age 10 children tend to favor action games
Business
Airbus employees to receive extra 1,500 euros as inflation hits
Airbus will make a one-off payment of 1,500 euros for all employees in its four founding nations, UK, France, Germany,...
- Airbus has decided that an exceptional premium will be paid before the end of 2022 to all Airbus* employees," including senior management, the company said
- In a message to emloyees, Airbus said that widespread price rises is placing a heavy financial burden on companies and it also applies to airline's employees
Geostrategy
Amnesty urges ICC probe of possible Gaza war crimes
The International Criminal Court has opened an investigation into the Israeli-Palestinian conflict, expected to focus in part on possible war...
- Thirty-one civilians were among the 49 Palestinians killed in the Israeli-blockaded Gaza Strip during the three-day conflict, the global rights group said in a new report
- The London-based organization pressed the ICC to "urgently investigate any apparent war crimes committed during the August 2022 Israeli offensive" in the Palestinian enclave
Geostrategy
More than 300 put on trial in Iran, 4 could face death penalty
Tehran prosecutor Ali Salehi said that indictments have been issued for 315 people on charges of "congregating and colluding with...
- Iran witnessed a wave of protests over the death of 22-year-old Amini on Sept. 16 after her arrest by the morality police for violating the country's dress code.
- The judiciary had previously announced on October 12 that more than 100 people had been charged in Tehran province and Hormozgan province over the unrest.
Business
Dubai’s talks to join basketball Euroleague evoke ‘positive’ response
"Negotiations with the European league began eight months ago, and its goal is to involve a club from Dubai in...
- Euroleague, which bills itself as second only to the NBA, is Europe's top basketball club competition and Real Madrid has won it 10 times.
- The Gulf countries, although currently enjoying a resources boom, are trying to diversify their economies away from fossil fuels and attract foreign businesses and talent.
Economy
60% houses in Iraq lose access to drinking water, says survey
BAGHDAD, IRAQ - In drought-hit Iraq, six out of 10 households have had their access to drinking water disrupted and...
- The Norwegian Refugee Council (NRC), an aid group active in the oil-rich but war-scarred country, surveyed 1,341 households in August.
- NRC study found that the crisis has had an immediate impact on access to drinking and irrigation water and on the production of crops.
Geostrategy
Lebanese lawmakers fail to pick President for fourth time
Already governed by a caretaker cabinet, crisis-hit Lebanon is hurtling towards an imminent power vacuum, with just days before the...
- A total of 50 lawmakers in Lebanon's 128-seat parliament left their votes blank, many from the Iran-backed Hezbollah.
- Parliament speaker Nabih Berri called for another vote on Thursday in the hope of overcoming long-running arguments.
Market Report
Most markets up but China fear casts shadow
Most markets rose on hopes the Federal Reserve would soon slow its pace of interest rate hikes, though the mood...
- Tokyo, Sydney, Seoul and Taipei led gains after a strong performance in New York.
- The rise was sparked by a report the Fed could begin to take its foot off the pedal in its rate hike campaign.
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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
Tunisia plastic collectors spread as economic, migration woes deepen
Tunis, Tunisia - A towel draped over his head, Hamza Jabbari sets bags of plastic bottles onto a scale. He...
Economy
Company News
Hermes profit soars 28 percent
Business
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L’Oreal net profit jumps 8.4%
Business
Russia cannot be defeated in Ukraine: Putin
Geostrategy
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,...
Business
Blinken promotes Gulf Arab defence in sign to Israel and Iran
US Secretary of State Antony Blinken called Monday for tighter defence integration among Gulf Arabs in response to Iran, part...
Geostrategy
Palestinian prisoner in Israel wins top fiction prize
Abu Dhabi, United Arab Emirates - Palestinian writer Basim Khandaqji, jailed 20 years ago in Israel, won a prestigious prize for...
Arts & Culture
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Business
Dubai begins construction of ‘world’s largest’ airport terminal
"We approved the designs for the new passenger terminal at Al Maktoum International Airport, and (are) commencing construction of the...
- Once fully operational, the airport will "handle a passenger capacity of 260 million annually", the government said in a statement.
- Sheikh Mohammed said it will have "the world's largest capacity" and be "five times the size of the current Dubai International Airport", one of the world's busiest air hubs.
Geostrategy
Blinken to Saudi as window shrinks on Middle East mega-deal
US Secretary of State Antony Blinken's visit to Riyadh comes nearly seven months after the eruption of war in Gaza...
- The US State Department said that Blinken will discuss "a pathway to an independent Palestinian state with security guarantees for Israel."
- As fighting drags on and mediators struggle to lock in a truce, Saudi officials have reiterated their insistence on recognition of an independent Palestinian state
Geostrategy
Ship attacked by missiles off Yemen coast: UK agency
In the first attack "the vessel experienced an explosion in close proximity to the vessel which was felt by the...
- There was no immediate claim of responsibility for the attacks, which the United Kingdom Maritime Trade Operations said took place southwest of the Yemeni port of Mokha.
- The latest incidents follow a lull in attacks by Yemen's Iran-backed Houthi rebels, who have launched dozens of missile and drone strikes targeting shipping since November