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
UNRWA chief says Gaza aid airdrops will not stop ‘starvation’, solve food shortages
The humanitarian situation in the Palestinian territory has gravely deteriorated in recent days, with international NGOs warning of soaring malnutrition...
Geostrategy
Geostrategy
Morocco blasts S.Africa’s ‘agitation’ of Western Sahara dispute
The Polisario Front is campaigning for an independent state in the Western Sahara, a vast stretch of phosphate-rich desert that...
- The international community has long backed a referendum to be held to decide the territory's status
- The dynamics of the conflict changed in 2020 when then US president Donald Trump recognised Moroccan sovereignty over the region
Business
Ericsson Q3 profit at $480m
Firm is making 'pricing adjustments' as inflation soars.
- Ericsson's shares closed down 15 percent on the Stockholm stock exchange.
- The lower profits were partly due to Ericsson's $6.2 billion acquisition of US cloud communications company Vonage.
Arts & Culture
Five centuries old Swiss graffiti found in Jerusalem
Researches believe Swiss knight Adrian von Bubenberg, who is believed to have visited the holy city in 1466, may have...
- "The building served as a monastery and a hostel for the Western pilgrims, who left their mark on the walls," said the leaders of the research, Michael Chernin and Shai Halevi.
- The team has uncovered more than 40 inscriptions on Mount Zion, adjacent to the Old City, which they attributed to Christian and Muslim pilgrims.
Economy
Turkey’s central bank reduces policy rate for third month
The decision comes right after President Recep Tayyip Erdogan said the central bank would keep cutting rates every month for...
- The Turkish central bank said it was cutting its one-week repo rate to 10.5 percent from 12 percent
- President Erdogan wants interest rates to lower down to single digits by the end of the year
Business
American Airlines posts Q3 profit of US$483m
American Airlines third quarter revenues rose to $13.5 billion.
- American scored a 13 percent jump in revenues compared with the 2019 period on high ticket prices.
- US carriers have begun to prosper in 2022 as more governments pare back restrictions.
Geostrategy
UK Prime Minister Truss quits, Tories vow new leader next week
She became the shortest-lived premier in UK history. The Conservative party vowed a rapid election to have a new leader...
- Truss admitted she "cannot deliver the mandate" on which she was elected, bowing to the inevitable after her right-wing platform of tax cuts disintegrated.
- Labour leader Keir Starmer, whose opposition party has surged in opinion polls on the back of Truss's short, eventful tenure, demanded a general election "now".
Geostrategy
Lebanon fails to pick President for third time
The political deadlock has hit efforts to form a new government since the outgoing cabinet's mandate expired in May, despite...
- Parliament speaker Nabih Berri called for another vote on Monday in the hope of overcoming long-running discord between political factions.
- A total of 119 lawmakers from Lebanon's 128-seat parliament attended the session, but quorum was lost before a second round could be held.
Geostrategy
EU to sanction 4 for supplying Iranian drones to Russia
The EU has agreed sanctions against three individuals and one entity supplying Iranian drones to Russia that have been used...
- After 3 days of talks, EU ambassadors agreed on measures against entities supplying Iranian drones that hit Ukraine, said the EU.
- Ukraine accused Russia of using four Iranian-made drones to bomb Kyiv Monday and said its air defenses have shot down 223 drones
Science
Robotic suit gives paralyzed children gift of walking
The mechanical joints of the battery-powered titanium suit adapt intelligently to the motion of each child, according to the European Patent...
- The suit helps to achieve in record time rehabilitation goals that would take months to achieve with conventional therapies
- The benefits include muscle strengthening, improvement of the digestive and respiratory systems and a major mood boost
Business
How gaming firm Ubisoft mashed ‘Rabbids’ into ‘Mario’ world
The game merges Nintendo's Mario, the Italian plumber who has given his name to an entire universe of games, with...
- The first game in the series, "Mario + Rabbids: Kingdom Battle", has garnered more than 10 million players since its release in 2017, said Manzanares
- The idea of fictional universes colliding is far more developed in cinema franchises and comic books than in video games
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
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
Company News
Latest News
Israel thanks US Senate for approving military aid
Israel's foreign minister on Wednesday thanked the US Senate for approving $13 billion in military aid that he said sent...
Geostrategy
Lebanon’s Hizbollah launched ‘dozens’ of rockets at Israel after civilian deaths
Hizbollah fighters fired "dozens of Katyusha rockets" at northern Israel "as part of the response to the Israeli enemy's attacks...
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Geostrategy
Tunisia, Algeria, Libya hold ‘advisory’ meeting to create new regional coalition
The meeting was decided on by Algerian President Abdelmajid Tebboune, Libya's head of presidential council Mohamed Al-Menfi and Tunisian President...
- The coalition is aimed at furthering "security, stability and development throughout the region", Tunisian foreign minister Nabil Ammar said
- No leaders from Morocco or Mauritania were present at the meeting, set to take place every three months
Geostrategy
Water, oil and security on agenda as Erdogan visits Iraq
The Turkish leader met with Iraqi President Abdel Latif Rashid in Baghdad. He told Rashid that Turkey "had expectations of...
- The PKK (Kurdistan Workers Party), which has fought a decades-long insurgency against the Turkish state, has a presence in northern Iraq, as does the Turkish military.
- Also on the agenda is a $17 billion road and rail project known as the "Route of Development" which is expected to consolidate economic ties between the two neighbors.
Business
Swiss reserve hike hits UBS
The reserve requirement will increase from 2.5% to 4% from July 1.
- The move follows government plans unveiled earlier this month that would tighten rules for banks deemed too big to fail.
- UBS, Switzerland's biggest bank, acquired struggling rival Credit Suisse last year in a government-engineered deal aimed at preventing a financial crisis.