Global coal demand expected to hit record in 2025: IEA
In its annual report on the coal industry, the International Energy Agency said demand was on course to rise by...
Geostrategy
Erdogan pushes Putin on ‘limited ceasefire’ at ports, energy facilities in Russia-Ukraine war
Speaking on the sidelines of a summit in Turkmenistan, Erdogan told Putin that efforts to end the war were valuable,...
Geostrategy
Geostrategy
Gaza has experienced 16 years of de-development: UNCTAD
"The economic consequences of the current and ongoing humanitarian crisis in Gaza are impossible to determine," Richard Kozul-Wright, the director...
- UNCTAD said that unemployment was at 45 percent in the Gaza Strip and 13 percent in the West Bank, with women and young people affected the most.
- In Gaza, real GDP per capita was 11.7 percent below the 2019 level and close to its lowest level since 1994, the UNCTAD report said.
Business
Geopolitical conflicts pose biggest risk to global economy: Ajay Banga
The World Bank President expressed deep concern over the widening wealth gap, while calling for more action on gender equality...
- Countries around the world need to do more in terms of gender equality and women's rights, he said.
- Saudi Arabia has done very well when it comes to creating jobs for women and working toward women's rights.
With Mideast crisis, Russia and China hope to turn tables on US
The Chinese and Russian reprimands ring hollow for US officials, who doubt the rival powers will engage in painstaking diplomacy...
- In comments likely aimed at consumption in the Islamic world, Russia has accused the United States of escalating the conflict through military reinforcements
- China and the United States have both sought diplomatic advantage in the crisis, including through a call between Blinken and Chinese Foreign Minister Wang Yi
Geostrategy
Iran and Saudi ties effective in solving regional issues: Raisi
Tehran, Iran--Iran's President Ebrahim Raisi believes the expansion of ties between Tehran and Riyadh will be effective in strengthening regional...
- He made the comments during a meeting with Abdullah bin Saud Al-Anzi, the newly appointed Saudi ambassador to Iran
- The new ambassador said the relations between Saudi Arabia and Iran are very strong because of commonalities between them
Business
Stocks surge on China spending plan as oil prices retreat
Traders tracked a rally on Wall Street that was helped by a strong set of earnings from big-name firms including...
- Hong Kong was the stand-out performer Wednesday, jumping more than two percent
- Traders were aware that the crisis in the Middle East could spiral out of control at any minute
Geostrategy
Israel bombs Syria’s ‘military infrastructure’ in air raids
According to the Israeli Defense Forces (IDF), its jets hit military infrastructure and mortar launchers of the Syrian Army in...
- According to Syrian state media, Israeli strikes on Sunday put Syria's two main airports out of service
- Earlier in the month, Israeli strikes targeted Aleppo airport, wounding five people, a war monitor reported
Geostrategy
Israeli-Palestine war: US president calls Saudi Crown Prince
Riyadh, Saudi Arabia - Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud and US President Joe Biden discussed...
- Prince Mohammed underlined the necessity of immediate work to explore means of halting the military operations
- He highlighted rejection of the targeting of civilians in any form as well as the targeting of infrastructure and vital facilities
Interview
Diversification remains crucial for oil-rich nations
Combating climate change demands global collaboration and collective action, European Commissioner for Cohesion and Reforms Elisa Ferreira tells TRENDS in...
- Combating climate change demands global collaboration and collective action, European Commissioner for Cohesion and Reforms Elisa Ferreira tells TRENDS in an interview
- She highlights the need for a global sustainability approach, emphasizing localized transitions, inclusivity, and the urgency of shifting to sustainable development
Geostrategy
UN chief denounces Israel, calls Gaza shelling as violation of law
United Nations, - UN Secretary-General Antonio Guterres on Tuesday alleged violations of international law as Israel pounds Gaza, and urged...
- Guterres, who personally traveled to the crossing between Egypt and Gaza in a push to let in assistance, welcomed the crossing of three aid convoys
- "But it is a drop of aid in an ocean of need. In addition, our UN fuel supplies in Gaza will run out in a matter of days. That would be another disaster," Guterres said
Geostrategy
‘They treated us gently’: freed Israeli hostage recounts Gaza captivity
Tel Aviv, Israel - Yocheved Lifshitz "went through hell" when abducted by Hamas, the 85-year-old Israeli said Tuesday, recounting her experience...
- Lifshitz said she had been left in a hall with about 25 other hostages and then taken to a separate room with four other people from Nir Oz
- "They treated us well," she told reporters, saying a doctor visited the hostages every two to three days and provided medicine
Global coal demand expected to hit record in 2025: IEA
In its annual report on the coal industry, the International Energy Agency said demand was on course to rise by...
Geostrategy
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Saudis use AI, drones and thousands of cameras to keep hajj pilgrims safe
Makkah, Saudi Arabia -- Working day and night in front of maps, screens and seemingly endless data, Saudi officials have...
Geostrategy
27 killed as Israeli army opens fire near Gaza aid point
United Nations Secretary-General Antonio Guterres decried the deaths of Palestinians seeking food aid as "unacceptable", and the world body's rights...
Geostrategy
Israel army says shelling Syria after projectiles launched
The Israeli military said it was shelling targets in Syria on Tuesday in response to a pair of projectile launches,...
Geostrategy
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Geostrategy
New WEF report reveals how tech convergence will reshape industries
Geneva, Switzerland – The World Economic Forum today released a new report examining how emerging technology combinations are reshaping industries...
- AI is a key enabler, making many emerging tech synergies commercially viable across industries.
- Digital twins, enhanced by AI and sensors, are expanding efficiency in sectors from aerospace to healthcare.
Geostrategy
Erdogan proposes new Putin-Zelensky-Trump meeting in Turkey, Trump ready to attend
Trump, who wants a swift end to the three-year war, is "open" to a three-way summit "if it comes to...
- Putin has so far refused such a meeting, but Zelensky has said he is willing, underlining that key issues can only be resolved at leaders-level
- Trump is "open" to a three-way summit "if it comes to that, but he wants both of these leaders and both sides to come to the table together.'
Geostrategy
Father of six killed ‘for piece of bread’ during Gaza aid distribution
Cries of grief echoed across southern Gaza's Nasser Hospital Monday as dozens came to mourn Hossam Wafi, after the father...
- Israel faces growing condemnation as famine looms and aid seekers are killed in Gaza
- The UN says the GHF-run aid centres contravene basic humanitarian principles and risk civilian lives