Macron calls on EU to ‘defend European interests’ in US tariff talks
French President Emmanuel Macron on Saturday condemned US President Donald Trump's threat to impose 30-percent tariffs on the European Union,...
Economy
Released pro-Palestinian protest leader sues Trump for $20 mn
Mahmoud Khalil, one of the most prominent leaders of US pro-Palestinian campus protests, sued the Trump administration Thursday for $20...
Geostrategy
Geostrategy
Tunisia’s Kais Saied: saviour or autocrat-in-waiting
On Monday, Tunisians will vote in a landmark referendum that could install a vastly different system: one that bears the...
- On Monday, Tunisians will vote in a landmark referendum that could install a vastly different system: one that bears the hallmarks of the 64-year-old's philosophy
- Saied grew up in a middle-class Tunis suburb and became prominent in 2011, appearing on television to discuss constitutional law
Geostrategy
Russia’s Foreign Minister to address Arab League at its headquarters
The war in Ukraine has caused food insecurity in Arab nations, many of which are heavily dependent on wheat imports...
- Russia's Foreign Minister Sergei Lavrov will meet Arab League head Ahmed Aboul Gheit and representatives of 22 nations.
- On Tuesday, Iranian President Ebrahim Raisi hosted a summit that was attended by his Russian and Turkish counterparts.
Business
Qatar Airways orders 25 aircraft
The airline ordered 25 Boeing MAX 10 jets worth $3.3bn.
- Boeing has triumphed over its European rival Airbus in the traditional Farnborough battle for orders this year.
- European rival Airbus cancelled a multi-billion-dollar order of 50 single-aisle A321neo jets from Qatar Airways.
Business
American Airlines registers Q2 profit
Profits were $476 million compared with just $19 million in the year-ago period.
- US carrier said its first profitable quarter, since the start of the pandemic, was due to operations
- American Airlines expects revenues of 10-12% above the 2019 level in the third quarter of 2022
Business
Amazon expanding health care
It will acquire US health care provider One Medical for $3.9 bn.
- The massive firm has steadily gone far beyond e-commerce, and earlier this year said its telemedicine service was expanding nationwide in the United States.
- One Medical, which has a network of primary care practices and telemedicine services, has grown to over 750,000 members.
Economy
Global electricity demand slowing sharply: IEA
The agency said renewable sources of energy were growing faster than demand and replacing fossil fuels.
- The agency said renewable sources of energy were growing faster than demand and replacing fossil fuels
- The IEA said that Europe was gearing up to reduce its reliance on Russian fossil fuel imports by accelerating its clean energy transition
Economy
Russia resumes critical gas supplies to Europe via Nord Stream
Russia on Thursday resumed critical gas supplies to Europe through Germany, reopening the Nord Stream gas pipeline after 10 days,...
- The German government had feared that Moscow would not reopen the pipeline after the scheduled work
- Gazprom has cut flows to Germany via the vital Nord Stream 1 pipeline by some 40 percent in recent weeks
Geostrategy
Rights group slams Morocco, Spain over migrant deaths
Moroccan authorities have said 23 migrants died when some 2,000 people, many from Sudan, stormed the frontier.
- Moroccan authorities have said 23 migrants died when some 2,000 people, many from Sudan, stormed the frontier
- Spanish premier Pedro Sanchez initially blamed "human trafficking mafias" for what he said was "a well-organized violent assault" on the frontier
Business
EU lifts sanctions on Syria’s Cham Wings airline
The European Union said Wednesday it has lifted sanctions against Syria's private airline Cham Wings, after the company was blacklisted...
- The EU listed Syria's only private airline saying it had increased flights to Minsk in the summer of 2021 to transport migrants from Belarus to the EU illegally
- Cham Wings flights are limited to a handful of mostly Arab destinations, in addition to Tehran and Moscow, after Syria was slapped with Western sanctions
Economy
US seeks billions in Africa investment: aid agency chief
Washington wants to foster billions of dollars of investment in Africa, the head of its delegation to a US-Africa business...
- Albright was speaking at the US-Africa Business Summit in Marrakesh, an annual conference organized by private organization Corporate Council on Africa
- The meeting will bring together African political and business leaders as well as decision-makers and investors from the US private sector
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Macron calls on EU to ‘defend European interests’ in US tariff talks
French President Emmanuel Macron on Saturday condemned US President Donald Trump's threat to impose 30-percent tariffs on the European Union,...
Economy
Company News
McIlroy surges into two-shot lead at Dubai Invitational
Arts & Culture
Infosys lowers revenue forecasts
Business
Latest News
Saudi Aramco CEO calls energy transition strategy a failure
Pointing to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described the current...
Business
Nvidia unveils ‘superchips’
The company also announced other AI developments.
Biden summons Israeli team in bid to avoid Rafah assault
The move is one of the clearest attempts yet by Biden to rein in the key US ally, amid fears...
Most Read
Geostrategy
China regulator to ban Evergrande chair from securities market for life
BEIJING, CHINA – Chinese regulators will ban the chairman of property giant Evergrande from the securities market for life on grounds...
- Unable to repay interest on its loans, China’s real estate firm Evergrande formally defaulted in 2021, sending shockwaves through the industry.
- The company has struggled to repay creditors for years, defaulting in 2021 and becoming subject to a winding-up order by a Hong Kong court earlier this year.
Business
Asian stocks rise on US gains ahead of key China policy meeting
Hong Kong, China - Asian markets mostly rose Monday following US gains and ahead of a Chinese legislative session where Beijing's...
- Japan's benchmark Nikkei 225 index surpassed the 40,000 mark for the first time, with analysts predicting it could advance even further
- Taiwanese chip giant TSMC rose to a record high Monday, gaining 5.2 percent on the global rally in semiconductor stocks
Economy
World Bank plans $6 billion in financial assistance for Egypt
The financial assistance includes "$3 billion for financial support to Government’s programs and $3 billion for the private sector (including...
- The World Bank Group is comprised of five separate agencies which deal with a range of issues, including investment. Its current portfolio with Egypt is above $8bn.
- Earlier this month, the IMF agreed an expanded $8bn loan package after Cairo implemented reforms that included moving towards a flexible exchange rate and hiking interest rates.