Boeing CEO says company can’t afford another mistake: report
Boeing CEO Ortberg told workers a trade war with China would weigh heavily on Boeing. The meeting came about two...
Iraqis face tough homecoming a decade after IS rampage
Hassan Shami, Iraq - A decade after Islamic State group extremists rampaged through northern Iraq, Moaz Fadhil and his eight children...
Geostrategy
Updates: Israel confirms killing of Hezbollah leader’s successor as Blinken presses for Gaza truce
US Secretary of State Antony Blinken urged Israel to reach a ceasefire in Gaza, while Israeli airstrikes continued targeting Hezbollah's...
- A member of Hezbollah's decision-making body and a distant relative of Nasrallah, Safieddine was out of contact since Israeli strikes on Beirut weeks ago,
- Grey-bearded and bespectacled, Safieddine bore a striking resemblance to his distant cousin Nasrallah, but was several years his junior, aged in his late 50s or early 60s
Economy
IMF predicts slightly slower global growth in 2024 and 2025
In its new World Economic Outlook (WEO) report, the International Monetary Fund also estimates that global inflation will continue to...
- "In our baseline analysis, in advanced economies (inflation) will be back at central bank targets in 2025," he said.
- The IMF expects growth in the Middle East and Central Asia to pick up slightly to 2.4% in 2024, before jumping to 3.9% in 2025 as the effect of oil and shipping disruptions fades.
Geostrategy
Is Musk’s million-dollar US voter lottery legal?
Donald Trump surrogate Elon Musk's offer of a million dollars to one registered voter in a swing state every day...
- "I think it's something that law enforcement should look at."- Democratic Governor of Pennsylvania
- Musk defends his move by saying it is a simple get-out-and-vote effort
Wealthy Israelis offer rewards for release of Gaza hostages
Jerusalem, Undefined - Frustrated with the dwindling prospect of reaching a ceasefire deal in the year-long Gaza war, some Israeli entrepreneurs...
- Former SodaStream CEO Daniel Birnbaum said he received about 100 calls after offering $100,000 in cash or bitcoin for the safe delivery of a living Israeli prisoner from Gaza
- Birnbaum said most of the calls are pranks, threats or curses, but "10 to 20 could be legitimate" and were transferred to Israeli authorities for further verification
Science
Microsoft unveils autonomous AI agents for business tasks
San Francisco, United States - Microsoft on Monday said it was enhancing its AI offerings with new autonomous agent capabilities as...
- AI agents are specialized programs designed to perform routine tasks autonomously, such as sifting through sales leads or handling customer service inquiries
- The AI agent has become the newest buzzword for major software companies that are investing billions in powerful AI models, which they believe will shape the future of computing
Geostrategy
Updates: Israel hits more targets in Lebanon as Blinken travels to Middle East to push for truce
Lebanon says four people were killed including a child in the latest Israeli strikes as Tehran says the United States...
- Four people including a child had been killed on Monday evening in Israeli strikes near the Lebanon's biggest public hospital
- Bahrain's King Hamad bin Isa Al Khalifa discuss bilateral cooperation with Iranian Foreign Minister Abbas Araghchi in Manama
Geostrategy
In escalation, Israel bombs Hezbollah-linked finance group
-Israel began bombing Lebanese branches of an association accused of financing the Iran-backed Hezbollah movement, Lebanese state media reported late...
- 11 Israeli strikes on Beirut's southern suburbs targeted Al-Qard Al-Hassan.centers
- UNIFIL, said an Israeli "army bulldozer deliberately demolished an observation tower and perimeter fence of a UN position
Economy
China’s central bank cuts two key rates to boost economy
Beijing, China - China's central bank on Monday said it had cut two key interest rates to historic lows, in the...
- The cuts come just days after the country posted its slowest quarterly growth in a year and a half, underlining the deep economic woes the country faces
- Leaders are targeting annual growth of five percent this year, but that goal is being challenged by weak consumption and a prolonged and debilitating debt crisis
Geostrategy
Oil-rich Iraqi Kurdistan votes, shadowed by economic struggles
The KDP is the largest party in the outgoing parliament, with 45 seats against 21 for the PUK. The KDP's...
- Iraqi Kurdistan presents itself as a relative oasis of stability in the turbulent Middle East, attracting foreign investors due to its close ties with the United States and Europe
- However, activists and opposition figures contend that the region, autonomous since 1991, faces the same issues affecting Iraq as a whole: corruption, repression, and cronyism
Putin thanks UAE president for positive role in prisoner exchange with Ukraine
UAE President Sheikh Mohamed meets his Russian counterpart Vladimir Putin to discuss bilateral ties and Middle East. Sheikh Mohamed will...
- Moscow and Kiev announced that they had swapped 95 prisoners each following negotiations led directly by the UAE
- The UAE and Russia ties have grown closer recently with Putin saying that their bilateral trade had tripled in the past three years to $11.1 billion
Boeing CEO says company can’t afford another mistake: report
Boeing CEO Ortberg told workers a trade war with China would weigh heavily on Boeing. The meeting came about two...
Company News
Avia to buy 40 Boeing aircraft
Business
Latest News
Avia to buy 40 Boeing aircraft
The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.
Business
World leaders meet for climate talks, but big names missing
Dozens of world leaders convene in Azerbaijan on Tuesday for COP29 but many big names are skipping the UN climate...
Economy
World leaders meet for climate talks, but big names missing raising concerns over global climate commitment
The small group of developed countries that currently contributes the money wants the donor pool expanded to include other rich...
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Geostrategy
Saudi Crown Prince says Israel must not attack Iran, expresses shock over war crimes in Gaza
Indicating improving ties between the two major powerhouses in the Middle East, Crown Prince Mohammed bin Salman urged international community...
- International community should oblige Israel "to respect the sovereignty of the sisterly Islamic Republic of Iran.."
- Riyadh and Tehran are warming their relationship, and this is a very different regional environment, says expert.
Geostrategy
Saudi crown prince demands Gaza, Lebanon ceasefires at Arab summit
Prince Salman also called on Israel not to attack Iran, highlighting improving ties between Saudi Arabia and its former regional...
- Prince Mohammed bin Salman said the international community must "immediately halt the Israeli actions against our brothers in Palestine and Lebanon".
- A draft resolution for the summit stresses "firm support" for "national rights" for the Palestinian people, "foremost among which is their right to freedom".
Economy
COP29 opens with Trump climate withdrawal looming
he COP29 climate talks open Monday in Azerbaijan, under the long shadow cast by Donald Trump's re-election. Trump has pledged...
- Fears of an imminent US departure from the landmark Paris Agreement
- US$100 billion-a-year target to help developing nations prepare for worsening climate impacts