Global operation smashes ‘most harmful cyber crime group’
LONDON, UK - An international operation led by UK and US law enforcement has severely disrupted "the world's most harmful cybercrime...
Geostrategy
‘Hitler did it to Jews’: Lula accuses Israel of ‘genocide’ in Gaza
Brazilian President Luiz Inacio Lula da Silva accused Israel of committing "genocide" against Palestinians in the Gaza Strip and compared...
Geostrategy
Analysis
Zero-carbon not the end of oil and gas
Some people conflate the target of zero carbon emissions with the notion that the era of oil, gas, coal, and...
- Carbon emission targets are sometimes misunderstood with the end of oil, gas, and coal
- Oil and gas are still the primary drivers of the global economy, and will continue to be so for decades
Economy
World economy watches as China activity slows down
The economy of China is weighed down by electricity shortages and a vast real-estate crisis.
- The difficulties of the real-estate sector in China were triggered by the troubles of giant Evergrande
- Those problems could pose risks for the world economy and affect the United States, the US Federal reserve has said
Economy
Top oil producers stick with modest output boost
This is despite pressure from big consumer nations to open up the taps much more decisively amid soaring prices. The...
- The decision came from the 13 members of the Organization of Petroleum Exporting Countries and their 10 allies
- They reconfirmed, in a brief meeting via videoconference, a July decision to gradually step up production each month
Economy
Arab nations’ pledge bolsters COP26 message
The UAE, Saudi Arabia, and Egypt have made some strong climate-action pledges at or before COP26.
- The summit may not achieve its target of reducing carbon emissions by 45 percent by 2030
- COP26 wants governments to adopt carbon emission targets through 2030
Geostrategy
What did the G20 summit agree?
Meeting in person for the first time in two years, G20 leaders had climate change, the Covid pandemic, a tax...
- Leaders pledged action against dirty coal plants but fell short on a target of zero emissions. Support WHO's vaccination goals.
- An agreement that will subject multinationals to a minimum 15 percent tax approved as part of an effort to build "a fairer international tax system".
Geostrategy
Iran petrol network partially restored after cyberattack
Among 4,300 fuel stations across the country, at present 1,450 are connected to the central fuel distribution system that provides...
- Authorities have said the results of an investigation into the alleged attack would be ready within 10 days.
- President Ebrahim Raisi on Wednesday said that his country must be "seriously prepared" against cyberattacks.
Geostrategy
Saudi submits bid to host World Expo 2030 in Riyadh
Russia, the Republic of Korea, Italy and Ukraine are other four countries that have submitted bids for the event in...
- Crown Prince Mohammed Bin Salman proposes “The Era of Change: Leading the Planet to a Foresighted Tomorrow” as the theme for the event.
- The Expo 2030 in Riyadh would coincide with the culmination of the Saudi Vision 2030, the Crown Prince's letter said.
Geostrategy
World needs $23bn from G20 to fight pandemic: WHO
WHO chief Tedros Adhanom Ghebreyesus bluntly told the G20 they could no longer leave poorer countries hanging in the pandemic.
- The World Health Organization has said it needs $23.4 billion over the next 12 months for its plan to fight Covid-19
- It has urged the G20 countries, who are meeting this weekend in Rome, to show some leadership and pay the amount
Geostrategy
OECD nations to ban export credits for coal power
With the latest international climate conference just days away, the proposed ban will halt support to new coal power stations...
- For existing coal-fired power stations, the credits can only be used for pollution mitigation and carbon capture equipment that doesn't extend the service life of the facility.
- Coal is the dirtiest fossil fuel and is responsible for a major chunk of carbon emissions.
Science
Planned fossil fuel output shatters 1.5C climate target, says UN
The UN's Environment Program said government fossil fuel production plans this decade were "dangerously out of sync" with emissions goals.
- The UN says emissions must go down nearly 50 percent by 2030 and to net-zero by mid-century to limit warming
- But its Production Gap report found that total fossil fuel production would likely increase until at least 2040
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Global operation smashes ‘most harmful cyber crime group’
LONDON, UK - An international operation led by UK and US law enforcement has severely disrupted "the world's most harmful cybercrime...
Geostrategy
Company News
Latest News
Climate change to be discussed in Dubai COP28 meet, says Egypt minister
Cairo, Egypt - Egyptian Minister of International Cooperation Dr. Rania Al Mashat, said the 28th Conference of the Parties to...
Business
Spanish footballer Veiga to play for Saudi club Al Ahli
Gabri Veiga, one of Spain's most promising young players, signed for Saudi Arabian side Al-Ahli from Celta Vigo in a...
Arts & Culture
US Federal Reserve prepared to raise interest rates further
The US Federal Reserve is prepared to raise interest rates higher - and hold them there - to bring down...
Economy
Most Read
Geostrategy
Algerian, South African ministers discuss ways to boost economic cooperation
JOHANNESBURG, SOUTH AFRICA - Algerian Minister of Finance Laaziz Faid discussed with South African Finance Minister Enoch Godongwan, ways to...
- The two ministers discussed the available opportunities to enhance trade exchange between Algeria and South Africa.
- The aim of trade exchange and joint investment is achieving sustainable development in the region.
Geostrategy
Iran’s BRICS membership to strengthen group, says XI
TEHRAN/ JOHANNESBURG, IRAN/ SOUTH AFRICA - The Iranian and Chinese presidents stressed the need to bolster bilateral cooperation and the...
- The BRICS heads of state held their 15th annual summit in Johannesburg.
- The heads of state called for the use of local currencies to facilitate trade.
Business
Microsoft submits new Activision deal
A previous version of the acquisition deal was blocked.
- Xbox-owner Microsoft launched a bid for Activision Blizzard early last year, seeking to establish the world's third biggest gaming firm by revenue.
- Britain's Competition and Markets Authority said it has "opened a new phase 1 investigation into the restructured deal by Microsoft to buy Activision".