Iranians told to use less water as heatwave worsens shortages
Tehran, Iran - Iranian authorities have urged residents to limit water consumption as the country grapples with severe shortages amid...
Economy
Thai wildlife hospital treats Sunbears, elephants
Edwin Wiek founded Wildlife Friends Foundation Thailand (WFFT) facility in 2001 with two macaques and a gibbon. It now spans...
Geostrategy
Economy
Queen’s funeral set to knock UK economy after rebound
Time off work for millions of Britons next Monday means the economy will have had two more public holidays than...
- Time off work for millions of Britons next Monday means the economy will have had two more public holidays than usual in 2022
- The Bank of England (BoE) expects the UK economy to enter recession before the end of the year on decades-high inflation
50 million people stuck in ‘modern slavery’: UN
The United Nations had set a goal to eradicate all forms of modern slavery by 2030, but instead the number...
- Nearly one out of every 150 people in the world are caught up in modern forms of slavery, the report said
- The Covid-19 pandemic, which worsened conditions and swelled debt levels for many workers, has heightened the risk
Geostrategy
Polisario warns Africa auto rally against crossing W. Sahara
The organisers had announced the October 15-30 auto rally would cross through Moroccan-controlled areas of the North African territory. A...
- In a statement published Sunday by the Sahrawi news agency SPS, the Polisario Front called on the organisers to "refrain" from "violating international legality."
- The group waged an armed struggle before agreeing to a ceasefire in 1991 on the promise of a UN-supervised referendum on self-determination, which was never held
Economy
‘Certainly a risk’ of US recession, Yellen says
An American recession "is a risk when the Fed is tightening monetary policy to address inflation," President Joe Biden's leader...
- Faced with soaring inflation it reached its highest level in 40 years in June at 9.1 percent,the central bank is gradually raising its key rates
- The challenge for policymakers is to quell inflation before it becomes dangerously entrenched, but without sending the US economy into a recession
Geostrategy
Israel PM arrives in Berlin for fresh pitch against Iran deal
Momentum that built towards a restored agreement last month appears to have slowed, after the three European nations party to...
- Israel has long opposed a revival of the 2015 accord, which has been moribund since then US president Donald Trump unilaterally withdrew in 2018
- The 2015 agreement, known formally as the Joint Comprehensive Plan of Action (JCPOA) , gave Iran sanctions relief in return for restricting its nuclear programme.
Geostrategy
Sympathy, solidarity as US marks 21st anniversary of 9/11
Relatives of victims, police officers, firefighters and city leaders gathered at the National September 11 Memorial in Lower Manhattan, where...
- They rang bells and held moments of silence at 8:46 am and 9:03 am, the precise times the passenger jets struck the World Trade Center's North and South Towers.
- Biden commemorated the anniversary at the Pentagon, where Al-Qaeda hijackers crashed a plane into the massive building that serves as Defense Department headquarters.
Business
UAE earns $5bn from tourism in H1, expects more from World Cup
A strong performance is expected this winter when neighboring Qatar hosts football's World Cup. Hotel occupancy was up more than...
- Dubai airport, the world's busiest for international travel pre-pandemic, handled 27.8 million passengers in the first half of this year.
- A quick vaccination roll-out allowed the UAE to bounce back quickly from the pandemic, enjoying a sharp uptick in visitors as Dubai.
Geostrategy
Gas shortage threatens French yoghurt production
The French are big on yoghurt, behind only the Dutch in consumption per capita. It is not only a breakfast...
- Like many countries, France plans to shut off businesses first if there is not enough gas or electricity, with European nations facing the prospect of energy shortages this winter.
- French Prime Minister Elisabeth Borne warned industry leaders at the end of August that energy rationing was a risk this winter and urged them to quickly cut consumption.
Business
Power-starved Lebanon turns to solar energy
Lebanon's economy collapsed in 2019 after decades of corruption and mismanagement, leaving the state unable to provide electricity for more...
- Private individuals are also turning to solar to cut down on generator bills, setting up panels and batteries on balconies and rooftops
- Many Lebanese have resorted to selling a car, jeweler or a plot of land as installing the solar power is expensive in a country where poverty is rampant
Business
Ethereum blockchain to undergo ‘monumental’ overhaul
Developers have spent years working on a more energy-efficient version of the ethereum blockchain, a digital ledger that underpins a...
- Experts say the changeover, expected to take place between Tuesday and Thursday, would slash energy consumption by more than 99 percent
- The ING bank said in a recent note that the switchover might help ethereum gain acceptability among policymakers and regulators
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
Iranians told to use less water as heatwave worsens shortages
Tehran, Iran - Iranian authorities have urged residents to limit water consumption as the country grapples with severe shortages amid...
Economy
Company News
Apple to make changes to App Store in Europe
Geostrategy
Latest News
‘Grave step backwards’: Meta shuts monitoring tool in election year
Washington, US - A digital tool considered vital in tracking viral falsehoods, CrowdTangle will be decommissioned by Facebook owner Meta in...
Geostrategy
Israeli troops leave behind trail of destruction at Gaza hospital
Palestinian Territories - Israeli forces on Monday pulled out of Gaza's largest hospital complex after an intensive two-week military operation,...
Geostrategy
Sister of Hamas leader Ismail Haniyeh arrested by Israeli police
Jerusalem, Undefined - Israeli police said Monday they had arrested the sister of Hamas leader Ismail Haniyeh "as part of a...
Geostrategy
Most Read
Business
Liberty Media buy MotoGP
Formula One owners paid US$4.5 billion for the deal.
- The acquisition is expected to be completed by the end of 2024 subject to clearances and approvals.
- MotoGP said Liberty Media would acquire "approximately 86 percent" stake from Spain-based owners Dorna.
Erdogan sees ‘turning point’ for Turkey after poll drubbing
Observers called it Erdogan's worst election defeat since his party took power in 2002. Many blamed inflations running at 67...
- Near-final results showed the main opposition Republican People's Party wresting the main cities and Anatolian provinces that were strongholds for Erdogan's party
- Turkish president Recep Tayyip Erdogan told dismayed supporters overnight that they "must not waste" the four years remaining before the next presidential vote
Geostrategy
Israeli army withdraws from Al-Shifa, Gaza health ministry
The Hamas government media office said the Israeli air strikes had provided cover for the withdrawing vehicles. The army launched...
- The Israeli military withdrew after burning down the complex buildings
- Dozens of bodies, some of them decomposed, have been recovered the site