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
Syria rejects federalism, calls on Kurdistan forces to join army ranks
Syria reiterated its rejection of federalism on Wednesday following a meeting with a Kurdish military official, calling on Kurdish forces...
Geostrategy
Geostrategy
US pledges to stop Iran from making nuclear weapons
The US will use "all elements of its national power" to stop Iran from acquiring nuclear weapons, President Joe Biden...
- The United States "is prepared to use all elements of its national power to ensure that outcome", said US President Joe Biden.
- Israel Prime Minister Lapid has said that countering Iran would be the "foremost" issue during bilateral talks.
Economy
European stocks fall on fears of aggressive Fed interest rate hike
Europe's main stock markets slid at the open on Thursday, as a fresh spike in US inflation reinforced expectations of...
- In initial deals, London's FTSE 100 index lost 0.3 percent to 7,138.54 points compared with the closing level on Wednesday.
- In the eurozone, Frankfurt's DAX index slid 0.2 percent to 12,733.34 points and the Paris CAC 40 shed 0.4 percent to 5,977.05.
Business
Twitter down for short period in US, Europe, restored later
Twitter experienced a widespread but seemingly brief outage in the United States and parts of Europe on Thursday. The Downdetector...
- The Downdetector website showed that outage reports spiked in the United States around 1200 GMT and by around 1245 GMT reports of outages to Downdetector were dropping off
- Short term service disruptions on social media platforms happen periodically while long-term service outages on social media platforms are not common
Geostrategy
Libya’s state oil company chief resists move to replace him
Libya's Tripoli-based government has named a new head of the state oil company to replace veteran technocrat Mustafa Sanalla, who...
- Farhat Bengdara and four others will from now on make up the "board of directors of the National Oil Corporation".
- Mustafa Sanallla has led the National Oil Corporation since 2014,. The Corporation has largely managed to remain neutral in the face of political wrangling.
Economy
European Union cuts growth forecasts as war-stoked inflation surges
The EU executive, which tracks the economy of the 27 countries in the European Union, said GDP growth in the...
- The commission said the Russian invasion of Ukraine had put "additional upward pressure" on energy and food prices, which were eroding the purchasing power of housholds.
- Other factors negatively affecting growth include the "faster than expected" tightening of monetary policy by the European Central Bank, which it says is needed to curb inflation.
Geostrategy
Libyans fume at power cuts amid intolerable heat
Mahmud Aguil has a comfortable house in Libya's capital Tripoli, but chronic power outages in the war-battered country and roasting...
- The electricity crisis is just the latest trial for Libyans after a decade of insecurity, fuel shortages, crumbling infrastructure and economic woes
- Supporters of the eastern camp have restricted production at key oil facilities in recent months to pressure Dbeibah to transfer power to Bashagha
Geostrategy
Saudi-Israel normalization still long way off
Israeli journalist Yoav Limor's freindly experience in Saudi hints at changes in Saudi public opinion that officials hope could one...
- There is little chance of Riyadh shifting its focus to ties with Israel "while ignoring the Palestinian issue", Harvard University fellow said
- Israeli praised Mohammed al-Issa, a Saudi cleric who travelled to Poland in 2020 for events marking 75 years since liberation of the Nazi death camp Auschwitz
Geostrategy
Russia and Ukraine near grain deal in first talks since March
Russia and Ukraine on Wednesday made substantive progress in their first direct talks since March on a deal to relieve...
- Ukraine is a vital exporter of wheat and grains such as barley and maize, and has supplied nearly half of all the sunflower oil traded on global markets
- UN Secretary-General Antonio Guterres said the talks had provided a "ray of hope to ease human suffering and alleviate hunger around the world"
Business
Panasonic to build $4bn electric vehicle battery plant in US
Japanese electronics giant Panasonic said Thursday it will spend $4 billion to build a new battery factory in the United...
- The factory will be Panasonic's second electric car battery operation in the United States, joining its facility in Nevada
- The announcement comes with Tesla struggling to boost production, after unveiling two new factories in Germany and the US
Business
Twitter’s stock climbs up after hedge fund bets against Musk
Twitter shares jumped Wednesday after a hedge fund revealed it had taken a stake in the firm based on its...
- The suit filed in the US state of Delaware urges the court to order Elon Musk to complete his deal to buy Twitter
- Last week, Tesla boss pulled the plug on the deal, accusing Twitter of "misleading" statements about the number of fake accounts
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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
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
Company News
EVA Air orders 33 Airbus planes
Business
Nakilat expands its fleet
Business
Latest News
ByteDance to sell gaming arm
Business
Afghanistan bus-oil tanker collision kills 21, injures 38
Kabul, Afghanistan--Twenty-one people were killed and 38 injured on Sunday in southern Afghanistan's Helmand province when a bus collided with an...
Geostrategy
Trump hails election as ‘most important date’ in US history
Earlier this month Trump and Biden each won enough delegates to clinch their party nominations in the 2024 presidential race,...
Geostrategy
Ground operations in Ukraine possible at some point, says Macron
Last month French president refused to rule out putting troops on the ground in Ukraine, which prompted a stern response...
Geostrategy
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Geostrategy
Israeli attack on Ramadan Friday kills 36 relatives in Gaza
Israel's military campaign against Gaza has killed at least 31,553 people, mostly women and children, according to the Hamas-run territory's...
- An Israeli air strike hit the building where the Tabatibi family were staying
- The Israeli military said it targeted two so-called "terror operatives" in Nuseirat
Geostrategy
Israeli fighter jets bomb Syria weapons depot
Israel has launched hundreds of air strikes on targets in Syria since civil war broke out in 2011, mainly targeting...
- Syrian Observatory for Human Rights said "Israeli missiles" targeted a weapons depot
- Another site near an army battalion in the same area was also targeted
Geostrategy
Second aid ship prepares to leave for Gaza from Cyprus
According to Cyprus foreign ministry spokesperson, the ship will depart for Gaza today even as US charity World Central Kitchen...
- The maritime aid corridor from Cyprus is meant to partly address shortages in Gaza
- World Central Kitchen built a makeshift jetty southwest of Gaza City to receive aid