Gaza solidarity boycott hits global food chains
As customers in the Middle East shun international restaurants, local businesses report they have benefited from the boycott.
Business
No Middle East escalation, urges EU foreign policy chief after US strikes
European Union foreign policy chief Josep Borrell called on all parties to avoid further escalation in the Middle East after...
Geostrategy
Geostrategy
After Brussels dialogue, European Union welcomes reforms in Saudi Arabia
DUBAI: The European Union Tuesday welcomed the reforms taking place in Saudi Arabia and noted that "significant steps" have been...
- The EU and the kingdom held the first-ever Human Rights Dialogue in Brussels on Monday.
- Significant steps have been taken to advance women's rights in Saudi Arabia, the EU said.
Geostrategy
Greatest shows on earth: How expos changed the world
International expos, or world fairs, draw millions of visitors to a chosen city every few years. Over two centuries these...
- The first universal exposition took place in Paris in 1798 to show off French industrial know-how.
- The record is held by the Chinese city of Shanghai, which drew 73 million visitors in 2010.
Geostrategy
Encrypted messaging app Signal hit by late Sunday outage
San Francisco: Encrypted instant messaging app Signal was hit by an outage late Sunday that interrupted services on the platform....
- Internet outage monitor DownDetector said users began reporting network problems late Sunday.
- Signal saw a surge in downloads earlier this year after WhatsApp tweaked its terms of service and sparked privacy concerns.
Economy
UN needs another $100trn for SDGs
The Force for Good initiative has said the UN has funding gap of $84-101 trillion in achieving the SDGs.
- The 17 SDGs are goals that the UN set forward in 2015, which would be accepted by all its members states, to build a better planet
- They include, but are not limited to goals like No Poverty, Zero Hunger, Good Health and Well Being, Quality Education, and Gender Equality
Research
SpaceX tourist crew whiz around Earth
Inspiration4 is the first orbital spaceflight with only private citizens aboard
- Inspiration4 is the first orbital spaceflight with only private citizens aboard
- The mission also brings the total number of humans currently in space to 14
Business
Price tag on the planet? Helping business value nature
Putting a monetary value on nature means that damaging resources such as breathable air and drinkable water becomes not just...
- Experts are divided on how to measure "natural capital", and some argue that it should not be done at all.
- As the IUCN World Conservation Congress kicks off in France on Friday, conservation of nature will remain an urgent question.
Economy
Developing countries to get $275bn of IMF reserves
Managing Director IMF Kristalina Georgieva said the largest allocation in history, about $650 billion in Special Drawing Rights, was a...
- The IMF's last SDR distribution came in 2009 when member countries received $250 billion in SDR reserves to help ease the global financial crisis.
- The possibility of a new trust is being explored, which could use channeled SDRs to help the most vulnerable countries with structural transformation.
Economy
No survivors in Turkey fire-fighting plane crash
The air tragedy came just as Turkey was gaining control over hundreds of wildfires that killed eight people and destroyed...
- The air tragedy came just as Turkey was gaining control over hundreds of wildfires that killed eight people and destroyed swathes of forest along the scenic southern coast
- Scientists believe such natural disasters are becoming more intense and frequent because of global warming caused by polluting emissions
Geostrategy
MENA connectedness ranking rising: Survey
The UAE is the highest ranked in the region, and the fourth country globally, in terms of overall global connectedness.
- Ranks third among the world’s seven regions and is well above the global average.
- UAE is the highest ranked in the region, and the fourth country globally, in terms of overall global connectedness.
Covid returns to China’s Wuhan: Global Delta variant woes mount
A resurgent virus has returned with a vengeance, buoyed by stalling vaccination rates and deadly new mutations.
Gaza solidarity boycott hits global food chains
As customers in the Middle East shun international restaurants, local businesses report they have benefited from the boycott.
Business
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In favor of Iran joining BRICS, says South Africa
TEHRAN, IRAN – Pretoria fully supports Tehran joining BRICS, South African President Cyril Ramaphosa said at a meeting with Iranian...
Geostrategy
WHO’s first global summit on traditional medicine begins Aug 17
Geneva, Switzerland -- The World Health Organization (WHO) is convening the Traditional Medicine Global Summit on 17-18 Aug 2023​ in...
Geostrategy
US to invest $1.2 bn on facilities to pull carbon from air
The two projects -- in Texas and Louisiana -- each aim to eliminate one million tons of carbon dioxide per...
Geostrategy
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Geostrategy
Iran appoints West-sanctioned official as supreme court chief
TEHRAN, IRAN - Iran on Sunday appointed Mohammed Jafar Montazeri, who is under US and British sanctions, to head the Islamic...
- Mohammed Jafar Montazeri was placed under US sanctions in December, with Washington identifying him as having a role in the prosecution of protesters.
- Britain followed suit in January and imposed punitive measures against Montazeri following the execution of British-Iranian Alireza Akbari for spying.
Economy
Interest rate raise ‘likely’ to curb inflation, says Fed official
A US central bank official said that more interest rate hikes "will likely be needed" to bring inflation down further,...
- Federal Reserve governor Michelle Bowman's prepared remarks to an event in Colorado also came after a mixed employment report.
- She would be seeking "consistent evidence" that inflation is on a meaningful path down toward the Fed's two percent target.
Geostrategy
Nearly 14m children in Sudan need aid, says UNICEF
NEW YORK, US - Two senior UN humanitarian officials have called for more funding and fewer bureaucratic impediments to support...
- The crisis in Sudan recently passed the 100-day mark and overall, 24 million people across the country require aid.
- Chad is one of several neighboring nations hosting some 900,000 people who fled the violence in Sudan.