Trump warns of 10% additional tariff for countries aligning with BRICS’ policies
BRICS leaders on Sunday described Trump's stop-start tariff wars as "indiscriminate", damaging, and illegal, drawing a quick rebuke from the...
Geostrategy
BRICS call for ‘unconditional’ Gaza ceasefire, condemn air strikes on Iran
The BRICS also called for a "full withdrawal of Israeli forces from the Gaza Strip and all other parts of...
Geostrategy
Business
Qatar Airways terms Airbus a ‘bully’ as paint dispute continues
The head of Qatar Airways on Tuesday accused plane-maker Airbus of acting like a "bully" as their billion-dollar dispute over...
- The airline and leading plane-maker have been fighting in the British courts for months over the paint problem
- Both sides said they hoped to reach a negotiated settlement after their latest hearing in May, when a London high court judge agreed to a speeded-up trial schedule
Geostrategy
US pledges support as Israel heads to elect new PM
Blinken, in a telephone call to Foreign Minister Yair Lapid, who will become caretaker prime minister confirmed that President Joe...
- Blinken, in a telephone call to Foreign Minister Yair Lapid, who will become caretaker prime minister confirmed that President Joe Biden still plans to visit Israel next month
- The coalition government led by the right-wing Naftali Bennett and centrist Lapid had sought to tone down and depoliticize Israel's relations with the United States
Business
Air tickets to be costlier as demand for travel rises
Propelled by inflation, the price of air tickets has begun to take off again after tumbling during the pandemic, a...
- The IATA is also pleading for government support in reconciling the long-term commitment to net zero carbon emissions with those ambitious targets
- In the European Union, the price of a return ticket before tax in April returned to that seen in the same month of 2019, after a near-20 percent fall in 2020
Egypt calls for reality check in UN climate talks
Egypt hopes to jump-start the action needed to face a warming world when it takes the presidency of major UN...
- The challenge of maintaining international momentum on climate change has been made even harder as the world faces a catalog of challenges, with Russia's invasion of Ukraine
- Ambassador Mohamed Nasr said that while Egypt's presidency of the conference would have "African flavor and African vision", it would remain resolutely international in focus
Business
Cubans ditch petrol cars, embrace electric versions
There is a new sight on the streets of Havana: increasing numbers of electric vehicles whizzing among the old American...
- The Cuban government has been promoting the use of electric cars, introducing them to state-owned companies to avoid use of fuel
- Fuel shortages have worsened since the US reinforced blockade of Cuba in 2019, preventing the arrival of fuel tankers from Venezuela
Economy
Tunisia appeals to IMF to be aware of social impact of reforms
Tunisian President Kais Saied on Tuesday urged the International Monetary Fund to take into account the social impact of any...
- Tunisia has been in preliminary discussions with the global lender for a new loan to save an economy ravaged by years of high unemployment and inflation
- Tunisian President and IMF regional chief have discussed the "aspects of cooperation and liaison between the IMF and the Tunisian government"
Business
Facebook agrees to safeguards in ad discrimination case
Facebook has become a multi-billion dollar advertising juggernaut with its large amounts of user data that allow companies to more...
- Facebook has become a multi-billion dollar advertising juggernaut with its large amounts of user data that allow companies to more precisely target certain demographics
- Meta had already made changes to address housing ad discrimination concerns, and those will remain in effect, the proposed settlement stated
Business
Equities struggle to shake off recession fears
Equities struggled Wednesday after a brief respite from last week's painful rout across world markets, with recession fears continuing to...
- While Asia, Wall Street and Europe all enjoyed healthy gains on Tuesday, analysts warned the downbeat mood on trading floors means the selling is unlikely to end any time soon
- Most observers expect them to hike rates by three-quarters of a point several more times this year, having announced such a move in June -- the sharpest lift in almost 30 years
Geostrategy
Israel’s ‘change’ govt brought down by Palestinian conflict
It was the flashpoint issue of Israel's occupation of West Bank that eventually ended the unlikely coalition which, already weakened...
- It was the flashpoint issue of Israel's occupation of West Bank that eventually ended the unlikely coalition which, already weakened by defections
- The bone of contention was a law that forces Palestinians in West Bank to live under the rules of military occupation
Business
Crown Prince’s visit: Egyptian, Saudi firms sign deals worth $7.7 bn
The accords were related to "infrastructure, logistical services, port management, agri-foods, the pharmaceutical industry, fossil fuels and renewable energy, and...
- Trade between Egypt and the kingdom leapt more than 62 percent last year compared with 2020, reaching $9.1 billion, according to official Egyptian figures.
- Egyptians working in Saudi Arabia are an important source of foreign currency, with transfers worth more than $11 billion in the 2020-2021 financial year.
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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
Trump warns of 10% additional tariff for countries aligning with BRICS’ policies
BRICS leaders on Sunday described Trump's stop-start tariff wars as "indiscriminate", damaging, and illegal, drawing a quick rebuke from the...
Geostrategy
Company News
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Cerberus buys HSBC France retail
Business
Indian troops begin Maldives pullout after quit order
Following talks with New Delhi, the two sides had agreed to complete a withdrawal of 89 Indian troops and their...
Geostrategy
Gazans break fast without ‘joy of Ramadan’ as Israel-Hamas war grinds on
With the flow of food and other assistance slowed to a trickle, a UN report citing the territory's Hamas-run health...
Geostrategy
Ford to pay US$365m in US tariff fraud case
It will settle a civil suit linked to the disguising of imported vans.
Business
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Geostrategy
Chinese leaders seek ways to boost economy in key event
Beijing, China - China's leaders on Monday wrapped up a week-long key conclave at which they admitted more was needed to...
- Top officials have been upfront about the myriad challenges China is facing, admitting that a modest five percent growth goal will not be easy
- The event capped a week of high-level meetings dominated by the economy, which last year posted some of its slowest growth in years
Geostrategy
Gaza war rages on as Islamic holy month of Ramadan begins
As the Muslim world welcomed Ramadan with the customary daytime fast, many Gazans awoke to bombardment that saw residents once...
- "The start of Ramadan has been sad and covered in darkness, with the taste and stench of blood everywhere," said one displaced Palestinian man, Awni al-Kayyal, 50.
- "The (Israeli) occupation does not want us to have any joy during Ramadan. We do not have any food for our iftar table," he said, referring to the fast-breaking evening meal.
Geostrategy
Trump said he won’t ‘give a penny’ to Ukraine, claims Hungary Prime Minister
BUDAPEST, HUNGARY – Hungary's Prime Minister Viktor Orban has asserted that former US president Donald Trump told him during a meeting...
- Orban is the only EU leader to have maintained ties with the Kremlin since Russia invaded Ukraine.
- He also angered fellow EU leaders by meeting Russian President Vladimir Putin in September