Hamas accuses US mediators of reneging on Gaza talks positions
"The negative statements of the US envoy Witkoff run completely counter to the context in which the last negotiations were...
Geostrategy
Macron says France will recognise State of Palestine, angering Israel, US
At least 142 countries now recognise or plan to recognise Palestinian statehood, according to an AFP tally -- though Israel...
Geostrategy
Economy
BoE widens action on ‘UK financial stability’ fears
The week had already seen action taken by the BoE and UK government aimed at bringing calm to markets. The...
- In a statement, the BoE said the latest action would "act as a further backstop to restore orderly market conditions".
- In more positive news, official data Tuesday revealed British unemployment fell to a near 50-year low at 3.5 percent
Business
Asian chipmakers plunge after US unveils China export controls
The announcement on Friday marked the latest volley in a long-running standoff between the two superpowers that has seen them...
- The US Department of Commerce said the measures include export restrictions on some chips used in supercomputing, and toughen requirements on the sale of semiconductor equipment
- South Korean tech titan Samsung Electronics, a major semiconductor maker, dived around three percent in Seoul where DB Hitek was off four percent
Business
LeBron’s 18-year-old son Bronny signs Nike endorsement deal
The younger James, who turned 18 last Thursday, is a guard at Sierra Canyon High School near Los Angeles while...
- LeBron James signed a lifetime Nike deal in 2015 after working with the shoemaker since his own days as an 18-year-old prep prospect
- Bronny James inked an NIL deal for name, image and likeness rights along with four other young basketball guards
Economy
Iraq drought displaces 1,200 families in parched south
The Mesopotamian Marshes, a UNESCO World Heritage site, have been battered by low rainfall and reduced flows in the Tigris...
- The mass exodus began in April after more than 2,000 buffaloes had died as a result of the drought
- Iraq's water resources minister said that 2022 has been "one of the driest years Iraq has seen since 1930."
Geostrategy
Qatar denounce ‘smear campaigns’ against its human rights record
European newspapers and rights groups have put a spotlight on Qatar's record in the runup to the tournament that starts...
- An editorial in the paper on Sunday hit out at the "lies, rumors and slander" written in Europe about Qatar's World Cup preparations.
- Editorials and cartoons in recent days have lambasted "smear campaigns" about Qatar's treatment of migrant workers and women.
Science
‘Heatwave to make human life unsustainable in certain areas’
GENEVA, SWITZERLAND - Heatwaves will become so extreme in certain regions of the world within decades that human life there...
- Heatwaves are predicted to "exceed human physiological and social limits" in the Sahel, the Horn of Africa and south and southwest Asia.
- "There are clear limits beyond which people exposed to extreme heat and humidity cannot survive," a report by the UN and Red Cross said.
Geostrategy
Algeria, France hail ‘new dynamic’ in economic ties
The Algerian and French prime ministers hailed a "new dynamic" as they launched a joint economic forum during a visit...
- Borne and her delegation are the latest in a string of top European officials to visit Algeria.
- The two-day business forum was organized by the Algerian Chamber of Commerce and Industry and Business France, a government agency.
Geostrategy
UAE president Sheikh Mohamed Zayed to visit Putin in Moscow
Sheikh Mohamed bin Zayed Al-Nahyan "will discuss with President Putin the friendly relations between the UAE and Russia along with...
- Tuesday's visit will be Sheikh Mohamed's third foreign trip since officially taking the reins as president following the death of his brother Sheikh Khalifa bin Zayed Al Nahyan.
- The visit comes days after the Saudi-led OPEC oil cartel and its allies including Russia, known as OPEC+, decided to cut oil output in a bid to raise prices.
Geostrategy
Trio win Nobel for banking’s role in economy, collapse prevention
Ex-Fed chief Ben Bernanke together with Douglas Diamond and Philip Dybvig were honoured for having "significantly improved our understanding of...
- Bernanke, 68, the chair of the US Federal Reserve between 2006 and 2014, was highlighted for his analysis of "the worst economic crisis in modern history" -- the Great Depression.
- Diamond and Dybvig were in turn honoured for showing how "banks offer an optimal solution" for channelling savings to investments by acting as an intermediary.
Geostrategy
Ukraine nuclear plant, Europe’s biggest, reconnected to grid
The International Atomic Energy Agency (IAEA) said on Saturday that the plant -- Europe's largest nuclear power station -- had...
- The plant's six reactors are in cold shutdown, they require electricity for vital nuclear safety and security functions, including cooling
- Russian President Vladimir Putin ordered his government this week to take over operations at the power station in southern Ukraine
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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
Hamas accuses US mediators of reneging on Gaza talks positions
"The negative statements of the US envoy Witkoff run completely counter to the context in which the last negotiations were...
Geostrategy
Company News
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Palestinian officials say Israeli settlers kill two in West Bank
The West Bank, which Israel has occupied since 1967, has seen a surge in violence since early last year, particularly...
Geostrategy
Hezbollah claims attack on Israeli troops who had crossed border
It was the first time Hezbollah claimed such an attack in six months of near-daily cross-border clashes between the Iran-backed...
Geostrategy
Kremlin, the world, urge restraint following Iranian strikes on Israel
The Kremlin on Monday called for a de-escalation in the Middle East after Iran's unprecedented weekend attack on Israel. "We...
Geostrategy
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Geostrategy
Stocks hit by Iran-Israel fears, containment hopes stem losses
Saturday's bombardment of more than 300 ballistic and cruise missiles and attack drones -- which were mostly repelled by air...
- Asian markets mostly fell Monday, though they pared their initial big losses. Tokyo, Hong Kong, Seoul, Sydney, Wellington, Singapore, Mumbai, Taipei and Manila were all in the red
- With worries about an escalation subsiding for now, oil prices dipped, though observers warned they could spike back above $100 if the crisis worsens.
Geostrategy
Israel urges Iran sanctions as world warns against escalation
Iran's UN envoy, Amir Saeid Iravani, retorted that the Islamic republic was exercising its "inherent right to self-defence" and "had...
- Iran launched the attack, its first ever to directly target Israeli territory, in retaliation for a deadly air strike widely blamed on Israel on Tehran's consular building in Syria
- The strikes raised Middle East tensions to a dangerous new level six months into a deadly conflict between Israel and the Palestinian group Hamas in Gaza
Business
After long peace, Big Tech faces US antitrust reckoning
Launched under both the Trump and Biden administrations, five major cases from the Federal Trade Commission (FTC) and the Department...
- The most recent came in March against Apple by the FTC, which alleges the iPhone maker abuses its dominance of the premium smartphone sector.
- Washington had largely remained silent on Big Tech cases since its wars with Microsoft that began in the 1990s and ended in a settlement in the early 2000s.