Saudi Arabia’s Madinah, KAEC, Al-Ahsa join UNESCO global network of learning cities
RIYADH, SAUDI ARABIA - The United Nations Educational, Scientific and Cultural Organization has announced that the cities of Madinah, King...
Geostrategy
US teens make efforts for Jewish-Muslim dialogue in New Jersey suburb
TEANECK, US - They are only teenagers, but a pair of New Jersey high school students -- one Jewish and one...
Arts & Culture
Geostrategy
France says worst yet to come in Russia-Ukraine conflict
France on Thursday expressed fear that the worst phase of Russia's war on Ukraine could be yet to start, with...
- France Foreign Minister said that Ukraine's resistance against Russian invasion could lead to cities being targeted
- The minister warned Kharkiv in the east, Mariupol in the south and Kyiv itself were at risk of encirclement by Russia
Business
Lufthansa posts net loss of $2.2bn
The German carrier said it cut its losses by two-thirds in 2021.
- German airline Lufthansa said that Ukraine invasion has led to uncertainty in aviation sector
- It said rising price of fuel would also adversely impact the sector and could reduce the profit
Business
Former Nissan boss refuses to fade away into oblivion
From his shock detention to an audacious escape from Japan hidden in an audio-equipment box, the rollercoaster saga of former...
- Ghosn and his aide Kelly were arrested in Tokyo on suspicion of financial misconduct on November 19, 2018
- He was granted bail before being arrested again in a dawn raid of his Tokyo apartment in April of 2019
Geostrategy
Germany voices opposition to postponing Iran nuclear deal
Israel has said that regardless of any agreement that may be reached in Vienna, it would maintain full freedom to...
- The latest round of negotiations to salvage Iran's 2015 nuclear deal started in late November
- The deal, known as the Joint Comprehensive Plan of Action (JCPOA), secured sanctions relief for Iran
Geostrategy
On land and sea, climate change causing ‘irreversible’ losses: UN
Climate change has already caused "irreversible losses" for Nature, UN experts have said, warning that if emissions are not cut...
- Many natural systems have already reached or are close to the limit of their ability to cope with the effects of a warming planet.
- The Earth is already believed to be entering its sixth mass extinction, driven by humanity's overconsumption and comprehensive destruction of species and habitats.
Geostrategy
Russia on nuclear alert as Ukraine fiercely resists invasion
President Vladimir Putin ordered on Sunday Russia's nuclear forces onto high alert in response to what he called ‘unfriendly’ steps...
- Russia invaded on Thursday and quickly announced it had neutralized key Ukrainian military facilities, but fierce fighting has since raged
- Ukraine forces, backed by Western arms, are stymieing the advance of Russian troops, while the US leads Western condemnation and sanctions
Economy
WTI surges 6%, Brent 5% on Ukraine invasion by Russia
WTI rose 6.27 percent to $97.33, while Brent crude was up 5.24 percent at $103.06.
- Traders will closely watch an OPEC+ meeting this week, led by Russia, where they will discuss plans for further output
- The group has agreed previously to increase production gradually each month, but the Ukraine crisis could disrupt it
Geostrategy
Russia invasion appears ‘frustrated’ by stiff Ukraine resistance
The United States and Western allies are still able to deliver arms into Ukraine to bolster the military, and Washington...
- According to Pentagon information, Russia now has at least 50 percent of its massive invasion force inside Ukraine
- However, the force is making slow progress on its original three-front thrust due to unexpectedly stiff resistance
Geostrategy
Sanctions bore in on Russia over Ukraine invasion
On Friday, US President Joe Biden extended his country's measures against Russia to include sanctions on President Vladimir Putin and...
- The first tranche will hit four Russian banks, cut off more than half of Russia's technology imports, and target several oligarchs
- Energy giant Gazprom and 12 other major companies will be barred from raising capital in Western financial markets
Economy
IMF, World Bank warn of global impacts as Russia invades Ukraine
The World Bank and IMF warned on Thursday that Russia's invasion of Ukraine would have repercussions for the global economic...
- IMF Managing Director Kristalina Georgieva said the conflict ‘adds significant economic risk for the region & the world’
- World Bank President David Malpass warned that ‘the devastating developments’ would have ‘far-reaching economic and social impacts’
Saudi Arabia’s Madinah, KAEC, Al-Ahsa join UNESCO global network of learning cities
RIYADH, SAUDI ARABIA - The United Nations Educational, Scientific and Cultural Organization has announced that the cities of Madinah, King...
Geostrategy
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Ready for prisoner swap with US, says Iran
Geostrategy
AlNeyadi conducts over 200 research experiments on board ISS
ABU DHABI, UAE - Over the course of a six-month space mission on board the International Space Station (ISS), UAE...
Science
Tech’s carbon footprint: can AI revolutionize responsibly?
The planet's 8,000 or so data centers are the foundation of our online existence, and will grow ever further with...
Business
Grain deal in focus as Putin, Erdogan all set to meet
MOSCOW, RUSSIA - Russian President Vladimir Putin will host his Turkish counterpart Recep Tayyip Erdogan on Monday, the Kremlin said, amid...
Geostrategy
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Business
Bitay to expand in UAE’s burgeoning crypto market
DUBAI, UAE – Bitay, a cryptocurrency platform from Turkey, announced its expansion into the UAE's burgeoning crypto market.The UAE, which...
- Kickstarted by a government research grant, Bitay has been operational in Turkey since 2018 and expanded its services globally in 2021.
- The platform is licensed as a Money Services Business (MSB) in 16 US states and offers services in multiple countries.
Business
Lavoie buys e-bike firm VanMoof
The cost of the acquisition has not been specified.
- VanMoof's bikes, which are sold in 20 countries, are known for their sleek, simplistic design with a battery hidden in the frame.
- VanMoof had raised $128 million in September 2021 in an effort to expand as it rode a boom in the e-bike sector.
Geostrategy
Chinese diplomat, Arab Parliament speaker discuss Middle East
BEIJING, CHINA – The director of China’s Office of the Central Commission for Foreign Affairs met with the speaker of...
- China said the future of the Middle East should be in the hands of regional countries and people.
- The diplomat said China supports an early, fair and reasonable settlement of the Palestinian issue.