Trump sues Murdoch, newspaper over Epstein sex bombshell
Washington, United States - US President Donald Trump sued media magnate Rupert Murdoch and The Wall Street Journal for at...
Geostrategy
Ajman’s real estate sector deals up 37% in H1 to hit $3.37bn
Ajman, UAE -- The real estate sector in the Emirate of Ajman recorded real estate transactions worth AED 12.4 billion...
Business
Geostrategy
Iran says it briefly seized two US drone vessels in Red Sea
Three days after it seized a US military drone vessel in the Gulf, the Iranian navy took control of two...
- The US Navy said that its 5th Fleet detected the Iranian ship approaching both unmanned vessels and removing them from the water
- Iran stepped up its naval presence in the Gulf of Aden after a wave of attacks by Somalia-based pirates between 2000 and 2011
Geostrategy
Iraq anti-govt activists demand political change after unrest
Brandishing banners and Iraqi flags, the non-partisan protesters streamed into west Baghdad's al-Nusoor square, demanding a complete political overhaul. Demonstrators shouted...
- Others carried banners and sang slogans deploring interference by neighbouring Iran, according to videos and images circulating on social media networks.
- The peaceful demonstrators were supporters of an anti-government protest movement that erupted in October 2019 but has since died down.
Geostrategy
G7 to ‘urgently’ implement Russian oil price cap
G7 industrialized powers vowed Friday to "urgently" move towards implementing a price cap on Russian oil imports in a bid...
- Households in Europe have borne the brunt of rising energy prices, with governments under pressure to alleviate the pain of the resulting high inflation.
- Moscow would "simply not supply oil and petroleum products to companies or states that impose restrictions".
Geostrategy
Blast rocks one of Iran’s biggest and oldest refinery complexes
An explosion rocked a key oil refinery in Iran's southwestern city of Abadan overnight, state media said Friday, reporting no...
- The explosion was caused by the "bursting of one of the furnaces of the sulphur production unit of Abadan refinery", state news agency IRNA said.
- The news agency described the plant as "the oldest refinery complex and one of the biggest in Iran", adding that it "supplies 25 percent of the country's fuel needs".
Business
Google’s immersive Street View could be glimpse of metaverse
There was not yet talk of online life moving to virtual worlds when a "far-fetched" musing by Google co-founder Larry...
- The internet behemoth is introducing an "immersive view" that fuses Street View images with artificial intelligence to create "a rich, digital model of the world
- Facebook renamed its parent company to Meta last year to emphasize its virtual reality vision, and opened Horizon World virtual reality platform to the North American public
Business
US raids properties of sanctioned Russian billionaire: media
Federal agents and local police officers were spotted carrying boxes after they left an apartment in Manhattan's lavish Park Avenue...
- Authorities are also searching a property on Miami's Fisher Island believed to be linked to Vekselberg, NBC reported
- Vekselberg is the head of the Renova Group, a Moscow-based conglomerate, and one of several wealthy Russians who have been targeted by sanctions
Business
Starbucks names outgoing Reckitt leader as next CEO
Narasimhan, who was most recently chief executive of Anglo-Dutch multinational Reckitt, will relocate to Seattle from London and join Starbucks...
- The transition comes as Starbucks navigates a burgeoning US unionization push following a difficult stretch for workers during Covid-19
- Neil Saunders, analyst at GlobalData Retail, said the appointment was a "good move" in light of Narasimhan's record in overseas markets
Economy
Slowdown or not? US job market walking a tight rope
According to consensus, the unemployment rate for August should fall somewhere around 3.5 percent when official data is released at...
- American employers ratcheted back their hiring in August to 132,000, according to data published Wednesday by payroll firm ADP
- Economic slowdown, fears of recession, or Fed action to curb soaring inflation have not deflated the hot job market
Science
NASA readies for Saturday Moon rocket launch attempt
Liftoff is scheduled for 2:17 pm local time (1817 GMT) from Kennedy Space Center in Florida, with the potential for...
- NASA has also been working to correct the technical difficulties that lead to the last-minute delay of the launch
- If the mission goes ahead Saturday, the Orion capsule fixed atop the rocket will spend 37 days in space
Business
Twitter starts trial of edit option after months of speculation
The trial of "Edit Tweet" will begin with internal employees, then be expanded out to the platform's "Twitter Blue" subscription...
- Tesla Chief Executive Elon Musk, who is locked in a lawsuit with Twitter, had backed an edit button
- A Twitter spokesperson said the test will not necessarily be employed universally on the platform
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
Trump sues Murdoch, newspaper over Epstein sex bombshell
Washington, United States - US President Donald Trump sued media magnate Rupert Murdoch and The Wall Street Journal for at...
Geostrategy
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Iraq to import electricity from Jordan to ease its chronic outages
Baghdad, Iraq -- Iraq said Friday a power line would soon bring electricity from Jordan to the border area as authorities...
Business
UAE extradites alleged drug baron from Dubai to Belgium
Brussels, Belgium -- One of Belgium's most-wanted suspected drug smugglers was extradited from Dubai on Friday, the Belgian justice ministry said....
Geostrategy
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Geostrategy
Turkey’s Erdogan seeks to wrest back Istanbul in mayoral election
Istanbul, Turkey--Recapturing Istanbul, the "jewel" of Turkey, in Sunday's local elections has become President Recep Tayyip Erdogan's obsession ever since losing...
- In 1994, Erdogan was elected mayor of the city, setting him up to become president of the country, a seat he continues to occupy
- He named former minister Murat Kurum as his mayoral candidate, entrusting him to reconquer Istanbul and consolidate his power
Geostrategy
Japan to restart funding to UN Palestinian refugee agency
Tokyo, Japan--Japan is preparing to resume funding to the UN's crisis-hit Palestinian refugee agency (UNRWA), which coordinates nearly all aid...
- Japan like many other countries paused funding after Israel claimed that 12 of UNRWA's 13,000 Gaza employees were involved in the deadly October 7 Hamas attack
- The UN has launched both an internal and an independent investigation but has said Israel has not provided it with any evidence to support the claim against the workers
What has gone wrong for Saudi-backed Newcastle?
Despite qualifying for the Champions League for the first time in 20 years, Newcastle still had to tread a fine...
- Eddie Howe's men are languishing in 10th place in the Premier League with 10 games to go and any hope of the club's first major trophy since 1969 is over for another year
- In a season in which the Premier League's profit and sustainability rules (PSR) have begun to bite, few clubs have been as affected as Newcastle