UN says hundreds killed in recent weeks while seeking aid in Gaza
There are frequent reports of Israeli forces firing on people seeking aid, with Gaza's civil defence agency saying 10 Palestinians...
Geostrategy
Rebooted and ‘vulnerable’: Superman is back on screens
Paris, France - A rebooted Superman is flying into cinemas around the world this week, with critics mostly positive about...
Geostrategy
Economy
Indian rupee slides to new low against dollar, touches 80
The Indian rupee fell to more than 80 per US dollar for the first time on record Tuesday, as the...
- Tighter US monetary policy has exacerbated outflows from emerging markets such as India, where foreign investors have withdrawn a net $30.8 billion in debt and equity this year
- In a written statement to the Indian parliament on Monday, finance minister Nirmala Sitharaman attributed the rupee's sharp fall to external reasons
Business
Equities slide in Asia as Apple report fuels economic worries
Most stocks fell Tuesday after a Wall Street sell-off fueled by fresh recession worries following a report that Apple planned...
- The losses among equities ate into Monday's gains, which came after a forecast-beating US retail sales report suggested consumers remained resilient
- In a sign of concern among big-cap firms about an economic slowdown or recession, Bloomberg News said tech titan Apple was pulling back on hiring and some investments
Geostrategy
Israeli army chief makes first Morocco visit
Israel's army chief arrived in Morocco on Monday for meetings with senior defence officials, military sources said, as cooperation between...
- Kohavi will meet Morocco's minister delegate in charge of defence administration, Abdellatif Loudiyi, as well as the Inspector General of the Royal Armed Forces
- Morocco had cut relations with Israel in 2000 following the outbreak of the second Palestinian intifada, but re-established ties two decades later
Geostrategy
Italy PM signs clutch of deal with Algerian president
Italian Prime Minister Mario Draghi sealed 15 agreements with Algeria's president Monday, ahead of the expected conclusion of another deal...
- Algeria will also increase gas exports to Italy by four billion cubic metres in the coming days
- Italy buys the majority of its natural gas from abroad, with some 45% of its imports coming from Russia
Analysis
Investors stay away as oil fuels tension in Iraq
The long-simmering dispute came to a head in February when the federal supreme court ordered Kurdistan to hand over oil...
- Iraq, the second largest OPEC producer, sits on enormous oil reserves, and revenues from the sector feed 90 percent of the federal government budget.
- The country exports an average of 3.3 million barrels of crude oil per day (bpd), while production in Kurdistan amounts to just over 450,000 bpd.
Business
European Union seeks to double gas import from Azerbaijan
Azerbaijani President Ilham Aliyev said last week that "an important document on energy security will be signed between the European...
- Last year, Azerbaijan supplied some 8 billion cubic meters of natural gas to Europe through pipelines running via Georgia and Turkey.
- In May, EU leaders agreed to stop most Russian oil imports by the end of 2022, as part of unprecedented sanctions they slapped on Moscow.
Business
Farnborough show raises Boeing hopes
Boeing plans to show off several planes including the MAX 10.
- The MAX 10 offers Boeing the opportunity to show off the latest version of the aircraft and seek to recover from the deadly and costly crashes of an earlier model.
- The crashes in October 2018 and March 2019 led to the aircraft being grounded for 20 months. Airlines cancelled hundreds of orders and demanded compensation.
Business
Healthcare giant Haleon worth $37bn
The company began trading in London on Monday.
- The new company -- which owns brands including Sensodyne toothpaste, pain relief drug Panadol and cold treatment Theraflu -- was worth lower than an expected £40 billion.
- GSK's share price tumbled 20 percent in early London trading following the demerger.
Business
Stocks gain as US report indicates fear of recession easing
Stocks rose Monday following a rally on Wall Street in response to data indicating US consumers remained resilient to surging...
- Still, investors continue to fret over the economic outlook, with Russia's war in Ukraine showing no sign of ending
- Policymakers have made it clear their main goal is bringing inflation down from a four-decade high, even if that stunts growth or causes a recession
Business
H&M to wind down operations in Russia to protest Ukraine invasion
H&M, which has operated in Russia since 2009, said it would reopen stores in Russia "for a limited period of...
- H&M, which has operated in Russia since 2009, said it would reopen stores in Russia "for a limited period of time to sell remaining inventory" as part of the exit process
- It said the entire wind-down was expected to cost the group around 2.0 billion Swedish kronor ($192 million), of which around 1.0 billion would have a cash flow impact
Most Read
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
UN says hundreds killed in recent weeks while seeking aid in Gaza
There are frequent reports of Israeli forces firing on people seeking aid, with Gaza's civil defence agency saying 10 Palestinians...
Geostrategy
Company News
Uber, Kia sign EV partnership
Business
Latest News
Palestinians ‘need the bombs to stop,’ Irish PM says at White House
Varadkar has been one of Europe's most critical leaders over Israel's campaign in Gaza, which began when Hamas launched an...
Geostrategy
Israel spy chief to discuss Gaza truce with Qatar PM: source
The talks in the Qatari capital are the first after weeks of intense negotiations involving Qatari, US and Egyptian mediators...
Geostrategy
Oxfam blames Israel for ‘deliberately’ blocking aid to Gaza
Oxfam said in a report that Israel continued to "systematically and deliberately block and undermine any meaningful international humanitarian response"...
Geostrategy
Most Read
Geostrategy
Climate change undermines global security, says NATO chief
Baku, Azerbaijan--NATO Secretary General Jens Stoltenberg on Sunday stressed the need to fight global warming, and called climate change a "crisis...
- Stoltenberg said in Baku the challenge was that "the world needs energy, but at the same time we need to fight global warming"
- He also hailed Azerbaijan for investing in alternative energies, stressing the country's "great potential" as a supplier of hydropower
Geostrategy
Putin hails election victory, says would not be ‘intimidated’
If he completes another full Kremlin term, Putin will have stayed in power longer than any Russian leader since Catherine...
- All of the 71-year-old's major opponents are dead, in prison or exiled
- He has overseen an unrelenting crackdown on anybody who publicly opposes his rule
Business
Iran signs deals worth US$13bn to boost oil production
The oil ministry and Iranian businesses signed deals worth $13 billion to increase daily oil production in six major fields....
- Last year Iranian oil minister promised the country's oil production would reach 3.6m bpd
- Iran's oil sector suffered a blow in 2018 when Western sanctions were reimposed