Gulf Air orders 12 Boeing 787 Dreamliners for $4.6 billion
San Francisco, United States -- US aviation giant Boeing on Thursday signed a contract worth billions of dollars to sell...
Business
Global markets rise as Trump weighs future of Fed boss
US indices were near record highs two hours into the Wall Street session with all eyes on an incoming earnings...
Business
Geostrategy
Putin allows Ukrainians to live, work in Russia ‘indefinitely’
The new measure allow Ukrainian citizens and people from Ukraine's separatist eastern regions that Russia recognizes as independent to work...
- Up until now, Ukrainians could only stay in Russia for a maximum of 90 days within a 180-day period
- 3.6 million Ukrainians, including 587,000 children, had entered Russia since the start of the offensive.
Geostrategy
Japan vows billions at Africa investment conference
Japanese Prime Minister Fumio Kishida Saturday pledged $30 billion over three years for Africa in a virtual address to a...
- Japanese Prime Minister Fumio Kishida Saturday pledged $30 billion over three years for Africa in a virtual address to a development conference in Tunis.
- Host country Tunisia is among the countries bearing the brunt of global supply chain disruptions and price spikes since it is heavily import dependent.
Geostrategy
Tunisia recalls Morocco envoy in W. Sahara row
Tunisia said Saturday it would recall its ambassador from Morocco for consultations, a day after the kingdom did the same...
- Tunisian President Kais Saied had on Friday hosted Polisario chief Brahim Ghali who arrived to attend the Japanese-African investment conference TICAD.
- In response to what it called a hostile and "unnecessarily provocative" act, Morocco withdrew its Tunis ambassador for consultations and cancelled its own participation.
Geostrategy
Risk of radioactive leak at Ukraine nuclear plant, says operator
There is a risk of a radioactive leak at Ukraine's Zaporizhzhia nuclear power plant, occupied by Russian troops, the state...
- The Zaporozhye facility was seized by Russian troops in the opening weeks of the February invasion and has remained on the front line ever since.
- The operator said that as of midday Saturday (0900 GMT) the plant "operates with the risk of violating radiation and fire safety standards".
Geostrategy
UN session on high seas biodiversity ends without pact
United Nations member states ended two weeks of negotiations without a treaty to protect biodiversity in the high seas, an...
- Many had hoped the session would be the last and yield a final text on "the conservation and sustainable use of marine biodiversity beyond national jurisdiction.
- It will now be up to the UN General Assembly to resume the fifth session at a date still to be determined.
Economy
Energy crisis pushes nuclear comeback worldwide
Investment in nuclear power declined after Japan's 2011 Fukushima disaster, the world's worst nuclear accident since Chernobyl in 1986, as...
- Governments face difficult decisions with rising gas and electricity bills and scarce resources threatening to cause widespread suffering this winter
- One of the countries reconsidering nuclear energy is Japan, where the 2011 accident led to the suspension of many nuclear reactors over safety fears
Economy
Taming inflation will inflict ‘pain’ on Americans: Fed’s Powell
Addressing the annual gathering of central bankers in Jackson Hole, Wyoming, Powell did not hold back or leave room for...
- The Fed this year launched an aggressive campaign to raise interest rates and Powell made it clear that the fight against inflation is not over
- Powell doused hopes of a policy pivot, making it clear that Fed policy and the benchmark borrowing rate would have to remain "sufficiently restrictive."
Business
Moderna to sue Pfizer, BioNTech over ‘copying’ of vaccine
Moderna has accused Pfizer and BioNTech of copying its technology to make Comirnaty , alleging that the partners infringed on...
- Pfizer has said that it will "vigorously defend against the allegations of the lawsuit"
- Moderna said it pledged in October 2020 not to enforce its Covid-19-related patents while the pandemic continued but less than two years later changed that stance
Geostrategy
Russia blocks adoption at UN of nuclear disarmament text
The Nuclear Non-Proliferation Treaty (NPT), which 191 signatories review every five years, aims to prevent the spread of nuclear weapons,...
- Russian representative Igor Vishnevetsky said the draft final text, which was more than 30 pages long, lacked "balance."
- According to sources close to the negotiations, Russia was opposed in particular to paragraphs concerning the Ukrainian nuclear power plant in Zaporizhzhia
Geostrategy
Morocco fumes at Tunisia, recalls envoy over Polisario meeting
Morocco has taken offense at the hosting of the head of the Polisario movement by Tunisia’s president and recalled its...
- Morocco's foreign ministry has declared the move as hostile and against the 'fraternal relations' the two countries have enjoyed
- The move came as French President Emmanuel Macron was visiting Morocco's arch-rival and Polisario backer Algeria for a high-profile, three-day visit
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Gulf Air orders 12 Boeing 787 Dreamliners for $4.6 billion
San Francisco, United States -- US aviation giant Boeing on Thursday signed a contract worth billions of dollars to sell...
Business
Company News
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Latest News
Aramco CEO terms energy transition strategy a failure
Speaking at the CERAWeek conference in Houston, Saudi Aramco Chief Executive Amin Nasser said that the current transition strategy is...
Economy
Cross-border fire between Hizbollah and Israel leaves 16 dead
Israeli rescue teams searching a damaged building in the border town of Kiryat Shmona "found a 25-year-old who was unconscious,...
Geostrategy
Israel backtracks on canceled Rafah talks: US official
Israel's prime minister cancelled the visit after the US abstained on the UNSC vote, allowing it to pass. But Israel backtracked,...
Geostrategy
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Geostrategy
UN expert faces threats after Israel Gaza ‘genocide’ remarks
Francesca Albanese, the UN special rapporteur on the rights situation in the Palestinian territories, said this week there were reasonable...
- The pressure, she said, "pisses me off, of course it does. But it ... creates even more pressure not to step back."
- Israel last month announced a visa ban on Albanese over comments denying that Hamas's October 7 attack was "anti-Semitic".
Geostrategy
Quran burner Salwan Momika says leaving Sweden for Norway
Stockholm, Sweden - An Iraqi refugee in Sweden who stoked international outrage by repeatedly desecrating the Quran last year said Wednesday...
- Salwan Momika, a Christian Iraqi who burned Qurans at a slew of protests in Sweden over the summer, told AFP that he had left Sweden and arrived in Norway.
- The Swedish Migration Agency revoked Momika's residency permit in October, citing false information in his original application.
Arts & Culture
Clowns try to put smiles back on faces of Gaza children
Palestinian Territories - The children of Gaza have little to eat, have had to flee their homes and have survived...
- Clowns and acrobats performed for children in the Nuseirat refugee camp's school where their displaced families have been sheltering the bombing.
- Wassim Lobed, whose support group organized the show, said they are trying to provide psychological relief to trauma-hit children.