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TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

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.
  • Starbucks sales grew at their slowest pace in a year, and profits fell short of Wall Street estimates as a spending slowdown took its toll.
  • McDonald's shares declined for the second day after the company failed to achieve targeted sales for the first time since 2020 due to the war in the Middle East.

UAE, Russian Presidents discuss regional and global developments

ABU DHABI, UAE - President Sheikh Mohamed bin Zayed Al Nahyan spoke by telephone to President of the Russian Federation...
  • Sheikh Mohamed reiterated the UAE's steadfast commitment to promoting peace and stability both regionally and globally.
  • The UAE and Russian Presidents discussed several issues of mutual interest, with a particular focus on the Ukraine conflict.

WW3 may begin before US President Biden’s term ends, Trump says

NEW YORK, US - World War III may break out before US President Joe Biden leaves office, former US president...
  • Trump alleged that that Biden's policy had turned the world into hell and was leading the United States to a bloodbath.
  • The US presidential election will be held in November and incumbent Joe Biden said that he would seek re-election.

Russian foreign minister to speak at Valdai Middle East Conference

MOSCOW, RUSSIA - Russian Foreign Minister Sergey Lavrov will take part in the 13th Middle East Conference of the Valdai...
  • The 13th conference is taking place at a time when the region is under the microscope amid the escalating Palestinian-Israeli conflict.
  • Experts are likely to discuss ways to come to a comprehensive settlement in the Middle East, the legacy of colonial policy.

Spain to increase UNRWA funding after donors suspend aid

MADRID, SPAIN -  Spain said on Monday that it would give an additional US$$3.8 million (3.5 million euros) in aid to...
  • Over a dozen countries, including the US, Germany, Britain and Sweden, have suspended their funding to UNRWA.
  • There are accusations that 12 UNRWA staff members were involved in the October 7 attacks in Israel by Hamas.

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...
  • US President Joe Biden vowing more attacks in retaliation for a deadly drone attack on an American base in Jordan.
  • The EU is aiming to launch a naval mission in the Red Sea later this month to help protect international vessels from attacks.

UAE is the most popular destination for global workers, says report

Dubai, UAE – The United Arab Emirates is the most popular country for international talent seeking employment visas, a report...
  • France, the United Arab Emirates, India, Turkey, and the United Kingdom were the top destinations for UAE recruiters.
  • This trend underscores the UAE's commitment to fostering a diverse and vibrant multinational workforce.

Jordan defeats Tajikistan to reach first Asian Cup semi-final

DOHA, QATAR - Jordan set up a semi-final against South Korea or Australia after ending Tajikistan's fairytale Asian Cup run with...

China economic slowdown to continue for the next four years, says IMF

BEIJING, CHINA - China's economic slowdown is likely to persist in the coming years as the Asian giant struggles with sagging...
  • The world's second-largest economy last year saw some of its slowest growth in decades
  • A debt crisis in the property sector added to geopolitical tensions and weakening global demand.

Spain urges WTO meet in UAE to address de-globalization

ABU DHABI, UAE - Madrid wants the upcoming 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) here next...
  • The ministerial meeting (MC13) will convene representatives of 164 nations and trading blocs.
  • MC13 will seek key reforms to the global trading system, including expanding WTO membership .

Maori-led AI initiative can revolutionize language preservation, says Peter-Lucas Jones

Davos, Switzerland -- Peter-Lucas Jones, a Kaitaia native, who has been listed in the prestigious Time100 AI 2024 List, was...

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US, Israel hold talks as Gaza truce plan fails at UN

Israel plans to send troops into Gaza's Rafah even without US support, Prime Minister Benjamin Netanyahu told Antony Blinken, as...

Poorer countries need money before raising climate targets, says COP29 head

Copenhagen, Denmark - Developing countries should not have to set stricter targets for cutting their carbon emissions before funds are available...

Lamborghini sales up in 2023

The deliveries sped up 9.5 percent to 10,112 vehicles.

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Russia not in danger of trading oil at a loss, says Lavrov

MOSCOW, RUSSIA – Russia does not see the risk of trading oil at a loss due to the redistribution of...
  • Lavrov expressed confidence that Moscow is not frightened of relying on countries that will buy Russian oil and gas.
  • OPEC+ regulates the market and prices in an equitable manner, taking into account the interests of consumers, the minister said.

S.Africa says Israel war undermining top UN court

South Africa's top diplomat accused Israel of setting a precedent for leaders to defy the top UN court, as she...
  • South Africa has again petitioned the court in The Hague to order measures for Israel to stop "widespread starvation".
  • Israel hit out as the South African plea as "outrageous" and "morally repugnant," pointing to its initiatives, including humanitarian pauses in fighting.

Google’s new AI for corner kick tactics gets Liverpool approval

PARIS, FRANCE – Liverpool football analysts have given their seal of approval to a new artificial intelligence tool from Google that...
  • Many clubs across the world already deploy experts to comb through video and data to carefully plan corner kick scenarios ahead of matches.
  • Google DeepMind, the AI arm of the US tech giant, also targeted corners for its new TacticAI system in research.