73 Palestinians killed in Gaza as Netanyahu vows to recover hostages amid escalated strikes
Netanyahu has come under strong pressure to get the hostages back after US President Donald Trump said Israel had agreed...
Geostrategy
Business
Global chip shortage likely to last through 2023: US official
The global shortage of critical semiconductors is likely to last at least through next year and perhaps longer, US Commerce...
- Dozen of CEO's including chipmakers met with Gina Raimondo to discuss shortage and all agreed that ''possibly in early 2024 or before we'll see real relief''
- US Commerce Secretary repeated her call for Congress to act to provide funding for legislation that aims to stimulate domestic manufacturing of the computer chips
Dustin Johnson heads field for $25 mn Saudi-backed LIV Golf opener
Former world number one Dustin Johnson will head the field for the inaugural $25 million LIV Golf Invitational Series event...
- The US PGA Tour has refused to grant releases for its players in the LIV event, which clashes with next week's Canadian Open
- The LIV tournament at Centurion Club at St Albans, north of London, will have the largest purse in golf history at $25 million
Geostrategy
In Bahrain, Russia’s Lavrov wants Ukraine, West to resolve food crisis
Russian Foreign Minister Sergei Lavrov said Tuesday it was up to the West and Kyiv to resolve a growing global...
- Western countries "created a lot of artificial problems by closing their ports to Russian ships, disrupting logistics and financial chains," Lavrov told reporters
- Lavrov also called on Ukraine to de-mine its territorial waters to allow the safe passage of ships through the Black and Azov seas
Geostrategy
US warns Yemen truce talks in ‘trouble’ as it pushes for extension
The United States warned Tuesday that talks on Yemen's two-month truce were in "trouble" as it pushed for an extension...
- Yemen's Saudi-backed government and Iran-aligned Houthi rebels on April 2 entered a UN-brokered truce, the first since the brutal war broke out in 2016
- Secretary of State Antony Blinken also raised "efforts to strengthen and extend the truce in Yemen" during talks Monday with his Saudi counterpart
Geostrategy
Nabih Berri elected Lebanon parliament speaker for seventh term
Berri's candidacy went largely unchallenged but the 84-year-old clinched only the bare minimum number of votes needed for a win...
- An ally of Hezbollah, Berri has weathered decades of turbulence and shifting political tides, including the current economic crisis and a 2019 protest movement.
- Even after parliamentary elections in May yielded modest but unprecedented gains for independent candidates, Berri's position remained largely unchallenged.
Geostrategy
700-year-old samurai sword smuggled into Switzerland
Valued at $700,000, the Katana sword was discovered in a car with Swiss plates during a routine search near Zurich.
- Several other objects were also found in the car, including an antique book, a contract and the sales invoice.
- Customs experts consulted found the import of the antique sword should be considered a violation of Switzerland's Cultural Asset Transfer Act (KGTG).
Geostrategy
Iran says IAEA report on undeclared nuclear sites ‘not fair’
Iran said Tuesday a report by the UN nuclear watchdog on undeclared nuclear material found at three sites was "not...
- The latest report came as talks to revive a landmark 2015 nuclear deal between Iran and major powers remain deadlocked after stalling in March
- the IAEA said it still had questions which were "not clarified" regarding undeclared nuclear material previously found at three sites - Marivan, Varamin and Turquzabad
Geostrategy
EU leaders ban most Russian oil, as Moscow advances in Donbas
European Union leaders have agreed to ban more than two-thirds of Russian oil imports, tightening economic screws on the country...
- EU chief Ursula von der Leyen said the ban will effectively cut around 90 percent of oil imports from Russia to the EU by the end of the year
- Participants in Monday's EU summit, however, hatched a compromise deal that exempts deliveries by pipeline from the oil import ban
Economy
US Central Bank needs to hike interest rates till inflation drops : Governor
The US central bank needs to keep raising interest rates in big steps until inflation starts to come down, Federal...
- The Fed early this month announced the biggest increase in the benchmark interest rate since 2000.
- Markets could tighten by a total of 2.5 percentage points this year, including the 0.75 point of increases.
Geostrategy
Iran’s uranium pool exceeds nuclear deal limit: UN nuclear watchdog
The International Atomic Energy Agency said in its latest report on Iran's nuclear program that it "estimated that, as of...
- The report also says that Iran is continuing its enrichment of uranium to levels higher than the 3.67 percent limit in the deal.
- Enrichment levels of around 90 percent are required for use in a nuclear weapon. Iran has always insisted its nuclear program is peaceful.
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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
Company News
US sees new isolation from Israel support
Geostrategy
Latest News
Envoys push for Gaza truce before Ramadan begins next week
While negotiators in Cairo tried to surmount tough stumbling blocks, fighting again raged in Gaza where the UN warns famine...
Geostrategy
Bulk carrier hit by missile from Yemen, crew says three dead
An anti-ship ballistic missile struck the Barbados-flagged, Liberian-owned M/V True Confidence, after which its crew reported "three fatalities, at least...
Geostrategy
Israel to start building 3,500 settler homes in occupied West Bank
The administrative step forward comes after Finance Minister Bezalel Smotrich last month vowed to expand settlements, in response to Palestinian...
Geostrategy
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Geostrategy
US all set for Biden-Trump rematch as Haley bows out of race
Pointedly declining to endorse the man she has portrayed as chaotic and mentally incompetent, former UN ambassador Haley said Trump...
- Impeached twice, beaten by seven million votes in 2020 and facing 91 felony charges in four trials, Trump has a profile unlike any US presidential election candidate in history
- Biden is now expected to use his State of the Union speech in less than 48 hours to paint the election as a stark choice between himself and an existential threat to the country
Science
Man vaccinated for Covid 217 times shows no side effects
Paris, France - A German man who deliberately got vaccinated for Covid-19 a whopping 217 times did not report any side...
- The immune system of the 62-year-old man from the central German city of Magdeburg -- who has not been named -- is still firing on all cylinders, the researchers said
- They said the man voluntarily received so many shots against all medical advice, and warned against jumping to far-reaching conclusions from this single case
Geostrategy
2023 deadliest year in a decade for migrants, says United Nations
"The 2023 death toll represents a tragic increase of 20 percent compared to 2022, highlighting the urgent need for action...
- The IOM said that because safe and regular migration pathways remain limited, hundreds of thousands of people attempt to migrate via irregular routes in unsafe conditions.
- The Mediterranean ocean crossing continues to be the deadliest route for migrants, with at least 3,129 deaths and disappearances registered last year.