US says tariff deadline of Aug 1 is firm, no extensions
Washington, United States -- The US deadline of August 1 for imposing tariffs on its trading partners is firm and...
Economy
Syria says meeting with Israeli officials sought to ‘contain escalation’
Syrian diplomatic source said Saturday that a US-mediated meeting with Israeli officials in Paris this week sought to "contain the...
Geostrategy
Business
Crypto scams give law enforcement agencies tough time
US federal agencies have often concentrated on headline-grabbing suspects like Heather Morgan, an amateur rapper nicknamed "Razzlekhan" who was charged...
- With Washington and Brussels focused on high-value targets, victims of low-level fraud are often left high and dry
- If decentralized crypto networks revolutionize finance, US politicians would no longer be able to project power in the way they do now with dollar
Economy
IEA says fossil fuel CO2 emissions rise marginally in 2022
The International Energy Agency has said that global carbon dioxide emissions from fossil fuel combustion will grow just one percent...
- The increase was far smaller than the two-billion-tonne jump the world experienced last year as countries turned to fossil fuels to power their Covid-19 recoveries
- The IEA analysis showed that solar photovoltaic and wind capacity grew by more than 700 terawatt-hours in 2022, the largest single year rise on record
Geostrategy
Pandas stir up excitement in Qatar, month before start of World Cup
A gift from the Chinese government to mark the World Cup, crowds of children and reporters watched as the four-year-old...
- Suhail, who weighs 130 kilograms (286 pounds), and his female partner, who is 70 kilos (154 pounds), must undergo 21 days quarantine following their arrival along with two keepers
- Qatar is the 20th country to be given pandas outside China and Taiwan
Business
Tesla profit jumps; revenues miss estimates
Tesla watchers are expecting a strong fourth quarter.
- The electric vehicle (EV) maker scored a more than doubling of profits in the third-quarter to $3.3 billion on increased auto deliveries
- The results follow Tesla's disclosure earlier this month that deliveries and production grew solidly in the third quarter
Economy
Tunisian bakers strike over unpaid subsidies
Subsidies on basic goods are a highly sensitive political issue in Tunisia, where a public finance crisis has caused repeated...
- The national bakery owners' union said some 3,200 of their businesses had closed, representing 95 percent of the North African country's state-backed bread-makers
- The bakers are demanding payment of 14 months of overdue subsidies, adding up to around 250 million dinars (nearly $78 million)
Geostrategy
Iran sanctions British organisations and individuals
Iran has been rocked by protests since the 22-year-old died on September 16, three days after she was arrested by...
- Among the seven institutions listed are Britain's National Cyber Security Centre and the GCHQ.
- Tehran said their actions have "led to riots, violence and terrorist acts against the Iranian nation."
Business
Elon Musk says “excited” about taking over Twitter
Having spent months trying to break free of the $44 billion buyout contract, Elon Musk now says he is "excited"...
- Musk said that he believes Twitter has potential to be worth "an order of magnitude" more than it is now
- Twitter, meanwhile, has sought to prove Musk was contriving excuses to walk away -- simply because he changed his mind
Geostrategy
EU seeks new sanctions on Iran for drones supply to Russia
The hardening EU stance towards Tehran appeared to bury deeper hopes of reviving a 2015 Iran nuclear deal, which has...
- EU diplomats said there was work under way on Wednesday to draw up a list of Iranian individuals and entities linked to the drones.
- Ukraine has for weeks been accusing Iran of supplying Russia with Shahed-136 drones -- unmanned aircraft equipped with a warhead.
Economy
Empty shelves as German supermarkets resist price hikes
With German inflation running at a record 10 percent, supermarket giants are pushing back against what they see as unreasonable...
- But retailers in Europe's top economy say they are protecting customers' purchasing power at a difficult time, and that price hikes of up to 30 percent in some cases are overblown.
- Edeka and Rewe, two of Germany's biggest supermarket chains, have stopped getting delivery of around 300 products from the Mars company, known for its Twix and Snickers bars.
Geostrategy
Iran to criminalise sale of VPNs amid protests: Telecom Minister
The Islamic republic has imposed drastic restrictions on internet access as it grapples with demonstrations that flared over the death...
- Iranian media outlets reported last year that lawmakers were working on a draft bill that could further restrict internet access.
- The bill calls for "organizing social media" and the banning of VPN software used widely to bypass internet restrictions and blocks imposed on social media platforms.
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
US says tariff deadline of Aug 1 is firm, no extensions
Washington, United States -- The US deadline of August 1 for imposing tariffs on its trading partners is firm and...
Economy
Company News
Latest News
Baby delivered from dying mother’s womb in Gaza ‘miracle’
At just seven months pregnant, her mother, Sabreen al-Sakani, reached the emergency unit in critical condition after she was fatally...
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...
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...
Geostrategy
Most Read
Rockets fired from Iraq at US-led coalition base in Syria
Rockets were fired late Sunday from northern Iraq at a military base in Syria housing a US-led coalition, according to...
- It is the first major attack against the coalition forces in several weeks
- The Islamic Resistance in Iraq has said it is acting in solidarity with Palestinians and out of anger at US support for Israel
Geostrategy
Syria has held ‘meetings’ with US: Assad
The United States was among the first to cut ties with Assad over the repression of anti-government protests that sparked...
- The United States was among the first to cut ties with Assad over the repression of anti-government protests that sparked war in 2011
- Last year Syria returned to the Arab fold, seeking better ties with wealthy US-allied Gulf states, in the hope they can help fund reconstruction
Iran, Israel appear to pull back from brink as US approves military aid
Iran downplayed Israel's reported retaliation for its unprecedented drone and missile attack, tamping down fears that escalating attacks between the...
- Aiming to bolster Israel's defences including its Iron Dome air defence system, the US House of Representatives approved $13 billion in new military assistance for the country
- Israeli Prime Minister Benjamin Netanyahu welcomed the aid bill, writing on X, that it "demonstrates strong bipartisan support for Israel and defends Western civilization."