Yemen separatists say Saudi air strikes will not deter them
A Yemeni military official said around 15,000 Saudi-backed fighters were amassed near the Saudi border -- but were not given...
Geostrategy
Iran Guards seize foreign-crewed oil tanker in Gulf: state media
Iran's Revolutionary Guards on Wednesday seized an oil tanker in the Gulf carrying more than a dozen foreign crew members,...
Geostrategy
Geostrategy
Erdogan accuses Israel of using Druze as pretext to expand into Syria
Turkish President Recep Tayyip Erdogan on Thursday accused Israel of using the Druze minority in Syria as a pretext for...
- "I want to state this once again, clearly and directly: Israel is a lawless, unruly, unprincipled, spoiled, pampered, and greedy terrorist state," Erdogan said
- "At this stage, the biggest problem in our region is Israel's aggression... If the monster is not stopped immediately, it will not hesitate to throw first our region," he added
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...
- The rises came on the back of a better-than-expected US retail sales report and a round of mostly solid corporate earnings.
- Market observers have been carefully watching reports that US President Donald Trump, fresh from unveiling new tariff threats, could sack Powell.
Geostrategy
Baghdad and Arbil agree to resume Kurdish oil exports: government
Baghdad, Iraq -- The Iraqi government announced Thursday an agreement to resume crude exports from the autonomous Kurdistan region after...
- Lucrative oil exports have been a major point of tension between Baghdad and Arbil, with a key pipeline through Turkey shut since 2023 over legal disputes and technical issues.
- Oil exports were previously independently sold by the Kurdistan region, without the approval or oversight of the central administration in Baghdad, through the port of Ceyhan.
Business
TSMC Q2 profit up 60%
TSMC is the world's largest contract maker of chips.
- The firm said its net profit for the three months to June soared 60.7 percent from a year ago to NT$398.3 billion (US$13.5 billion).
- That beat expectations of NT$376.97 billion, according to a Bloomberg News survey of analysts.
Geostrategy
Israeli tank shell strikes Gaza’s only Catholic church, killing three
Pope Leo XIV said he was "deeply saddened" by the loss of life, which a witness said was the result...
- The site was sheltering around 600 displaced people, the majority of them children and 54 with special needs.
- "The people in the Holy Family Compound are people who found in the Church a sanctuary," the Patriarchate said.
Business
Coca-Cola agrees to use real cane sugar in its US production
Washington, United States - Beverage giant Coca-Cola has agreed to use real cane sugar in its US production, President Donald...
- The company currently uses high-fructose corn syrup (HFCS) in its domestic beverages - a sweetener that has long drawn criticism from Health Secretary Robert F. Kennedy Jr.
- "I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so," Trump wrote on his Truth Social platform
Geostrategy
Explosive-laden drones hit three oil fields in Iraq’s Kurdistan region
Kurdistan has seen a spate of unclaimed drone attacks, which have come as the regional government and the federal authorities...
- Production at two fields operated by the Norwegian group DNO ASA was temporarily suspended, the company said
- Long plagued by conflict, Iraq frequently experiences such attacks, often linked to regional proxy struggles between Iran and the US
Investigation
AI-powered ‘nudify’ apps fuel deadly wave of digital blackmail
Washington, United States - After a Kentucky teenager died by suicide this year, his parents discovered he had received threatening...
- The tragedy underscores how so-called sextortion scams targeting children are growing around the world, particularly with the rapid proliferation of "nudify" apps
- Elijah Heacock, 16, was just one of thousands of American minors targeted by such digital blackmail, which has spurred calls for more action from tech platforms
Geostrategy
Syria says agreement reached to halt military operations in Sweida
Syria said a new ceasefire reached on Wednesday in the Druze-majority city of Sweida will bring a complete halt to...
- A previous truce announced on Tuesday appeared to have little effect on the ground in the southern region, where days of violence have left more than 300 dead
- heikh Youssef Jarboua, a Druze spiritual leader, read out the 10 points of the accord, which also includes "the full integration of the province" of Sweida into the Syrian state
Geostrategy
‘Strong argument’ for video in cockpit: IATA chief
Singapore, Singapore -- There is a "strong argument" for putting video cameras in airline cockpits to assist in accident investigations,...
- His comments followed the release of a preliminary report on last month's Air India crash, which found that the plane's engine fuel switches had been turned off.
- The crash killed all but one of the 242 people on board as well as 19 people on the ground.
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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
Yemen separatists say Saudi air strikes will not deter them
A Yemeni military official said around 15,000 Saudi-backed fighters were amassed near the Saudi border -- but were not given...
Geostrategy
Company News
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Pakistan says peace talks with Afghanistan ‘failed’
Islamabad, Pakistan - Pakistan said Wednesday that negotiations for a lasting truce with Afghanistan had "failed to bring about a...
Geostrategy
Trump says ‘nothing’ will jeopardize Gaza ceasefire after Israeli strikes kill 38 people
Trump defended Israel's actions on Wednesday, saying it "should hit back" if Israeli soldiers were killed, but added that "nothing's...
Geostrategy
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Geostrategy
OpenAI says a million ChatGPT users talk about suicide
San Francisco, United States -- Data from ChatGPT-maker OpenAI suggest that more than a million of the people using its...
- estimated that approximately 0.15 percent of users have "conversations that include explicit indicators of potential suicidal planning or intent."
- With OpenAI reporting more than 800 million people use ChatGPT every week, this translates to about 1.2 million people.
Business
Amazon to cut 30,000 office jobs: media reports
Amazon will lay off tens of thousands of office workers as the e-commerce and tech giant trims costs amid ramped-up...
- The reduction will represent nearly 10 percent of the approximately 350,000 office jobs at Amazon but is reported not to affect the distribution and warehouse workforce
- Amazon chief executive Andy Jassy has lauded the potential of AI to streamline workplace operations, from engaging with customers online to making offices more efficient
Geostrategy
Zohran Mamdani’s rise signals new hope for US democrats searching for a winning formula
Mamdani, a 34-year-old self-described democratic socialist, has developed a plan aimed at luring working-class people and young adults, for whom...
- The Democrats -- shut out of power in the White House and both chambers of Congress -- are seen negatively by 63 percent of US voters, according to a July poll in the Wall Street
- John Kane, a professor of political science at New York University, said the party needs to reconnect with parts of their traditional base, such as lower-income Americans and young