Turkey’s Pegasus Airlines says to buy 200 Boeing 737 aircraft
Istanbul, Turkey -- Turkey's Pegasus Airlines said Thursday it would buy 200 Boeing 737 MAX 10 aircraft in its largest-ever order...
Business
Syria since Assad’s overthrow: latest developments
HTS leader Abu Mohammed al-Jolani said that all rebel factions in Syria would "be disbanded and the fighters trained to...
Geostrategy
Biden-brokered truce deal halts Israel-Hezbollah war; Netanyahu plans to go full force against Gaza and Iran
Under US-brokered terms, Lebanon's army regains border control, curbing Hezbollah activity, while Israel vows to maintain security operations if threats...
- US President Joe Biden announced the ceasefire agreement on Tuesday, as Israeli Prime Minister Benjamin Netanyahu said his ministers had agreed to a halt
- Under the terms of the Lebanon truce, Israel will maintain "full" freedom to act against Hezbollah should the Iran-backed group pose any new threat, Netanyahu said
Geostrategy
Israel intensifies attacks before ceasefire deadline as Lebanon seeks “immediate halt”
US president says ceasefire takes effect on Wednesday at 4:00 AM Beirut time, as Lebanese officials accuse Israel of trying...
- The US and France have spearheaded the truce efforts, and G7 foreign ministers in Italy called on for an "immediate ceasefire"
- The international community is called upon to act swiftly to stop this [Israeli] aggression and implement an immediate ceasefire, says Lebanese PM
Geostrategy
As AI gets real, slow and steady wins the race
Companies explore AI for coding, healthcare, law, and design—yet challenges like regulation, accuracy, and cost impede widespread adoption.
- The tech industry presents a more aggressive adoption curve. Google reports that 25 percent of its coding is now handled by generative AI.
- Athey, an economist of the tech industry, expressed worry about regions where a core profession such as call centers risked being swept away by AI.
Business
Roche to buy Poseida Therapeutics
The $1.5 billion deal is due to close in early 2025.
- The boards of directors of both companies unanimously approved the deal for Poseida, whose shares had closed on Monday at $2.73.
- Poseida Therapeutics' portfolio notably includes customized cell therapies for hematological cancers, solid tumors and auto-immune diseases.
Geostrategy
EU urges immediate halt to Israel-Hezbollah war as Israeli attacks kill more in Gaza and Lebanon
Israeli attacks have killed dozens in Gaza and Lebanon is the past 24 hours, while EU chief visits Beirut asking...
- Dozens feared killed, including women and children, in Gaza and Lebanon in Israeli attacks in the past 24 hours
- European Union chief says the EU is ready to provide 200 million euros ($208 million) to help bolster the Lebanese armed forces
Geostrategy
Iran denies involvement as UAE arrests three people in rabbi killing case
"This murder was carried out in the UAE. The murder of an Israeli citizen and a Chabad emissary, is an...
- Kogan was a former Israeli army soldier, who served in Israel's Givati Brigade, which is infamous for carrying out violent attacks against Palestinians
- The UAE, which normalized relations with Israel in 2020 alongside other countries including Bahrain and Morocco, has confirmed the arrest of perpetrators
Arts & Culture
Palestinian pottery sees revival in war-ravaged Gaza
Deir el-Balah, Palestinian Territories - Traditional clay pottery is seeing a resurgence in the Gaza Strip, where Palestinians are forced to...
- Traditional clay pottery sees a resurgence in Gaza as war-ravaged residents turn to old ways amid shortages of crockery and basic goods
- Potter Jafar Atallah works tirelessly to meet soaring demand, crafting 100 clay pieces daily in a makeshift workshop under Gaza's harsh conditions
World reaches $300 bn climate finance deal at COP29
A group of 134 developing countries had pushed for at least $500 billion from rich governments to build resilience against...
- Nations grappled with bridging divides over how much wealthy, high-polluting countries should pay poorer nations most affected by climate change
- A group of 134 developing countries had pushed for at least $500 billion from rich governments to build resilience against climate change
Big money as Saudi Arabia makes foray into cricket with IPL auction
Crown Prince Mohammed bin Salman has backed extravagant sports investments -- set to culminate in Saudi Arabia hosting the football...
- The two-day Jeddah auction, starting Sunday, marks Saudi Arabia's first major cricketing event, catering to its vast South Asian migrant fanbase
- Saudi cricket federation chairman Prince Saud bin Mishal said that staging the auction reflected the kingdom's "commitment to developing the sport."
Geostrategy
Rocket fire wounds four UN peacekeepers in Lebanon
Italian Defence Minister Guido Crosetto said two 122 mm rockets appeared to have hit a bunker on the base. The...
- "UNIFIL strongly urges combating parties to avoid fighting next to its positions"
- The peacekeepers were wounded by shards of glass when windows shattered
Turkey’s Pegasus Airlines says to buy 200 Boeing 737 aircraft
Istanbul, Turkey -- Turkey's Pegasus Airlines said Thursday it would buy 200 Boeing 737 MAX 10 aircraft in its largest-ever order...
Business
Company News
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Air passenger numbers to top five billion for the first time in 2025: IATA
Geneva, Switzerland -- Air passenger numbers are forecast to top five billion for the first time next year and the sector's...
Business
Syria rebel leader vows to pursue former officials for torture, war crimes
Syria's Islamist rebel leader on Tuesday vowed to pursue former senior government officials responsible for torture and war crimes, a...
European countries suspend Syrian asylum decisions after Assad’s fall
While Berlin and other governments said they were watching the fast-moving developments in the war-ravaged nation, Vienna signaled it would...
Geostrategy
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Business
Oil prices higher on China boost, Syria uncertainty
Major stock markets diverged as investors reacted to political crises in South Korea and France, and tracked the perspectives for...
- Oil prices rose more than one percent as traders tracked developments in Syria after president Bashar al-Assad fled the country over the weekend as rebels swept into Damascus.
- China is battling sluggish domestic consumption, a persistent crisis in the property sector and soaring government debt -- all of which threaten Beijing's official growth target.
ECB to cut rates again amid bleak eurozone outlook
The European Central Bank is expected to cut interest rates again this week amid a darkening outlook, with political turbulence...
- The central bank hiked rates aggressively from mid-2022 to tame surging energy and food costs
- Eurozone's anaemic growth rates are weighing down the broader single currency area
Assad’s fall reshapes Middle East politics, redefining power dynamics across the region
The Islamist Hayat Tahrir al-Sham rebels shocked the world by swiftly seizing Aleppo and Damascus, overshadowing global focus on the...
- Assad had for nearly 14 years held off an uprising that many believed had been exhausted, but his downfall followed a series of battlefield convulsions for other allies of Iran
- Israel has all but decapitated the Hezbollah leadership in Lebanon since September, while the killing of Hamas figureheads has dealt major blows to Assad's key backer Tehran