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Honda shares soar 16%

The surge came after the auto giant announced a $7bn buyback.

Mubadala acquires stakes from GHH

It acquired an 80 percent stake in Global Medical Supply Chain.

ADNOC Drilling closes JV

It is a JV between ADNOC Drilling, SLB and Patterson UTI.

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.

Google agrees to settle $5bn data privacy breach lawsuit

Google has agreed to settle a consumer privacy lawsuit seeking at least $5 billion in damages over allegations it tracked...
  • The lawsuit, filed in a California court, claimed Google's practices had infringed on users' privacy by "intentionally" deceiving them
  • Lawyers for the plaintiffs were seeking at least $5,000 for each user it said had been tracked as they visited Google Analytics in private browsing mode

WHO urges pandemic plans as ‘painful’ Covid ends

Geneva, Switzerland - The head of the WHO said on Tuesday the world needs to properly prepare for future pandemics after...
  • WHO head urged nations to seal a "monumental" pandemic accord to plug preparedness gaps that were exposed during the pandemic.
  • Tedros said that in terms of emergency preparedness and response, gaps remain in the world's readiness to prevent the next pandemic.

US bans import of Apple Watch due to patent clash

A US import ban on certain Apple smartwatch models came into effect, after the Biden administration opted not to veto...
  • Apple last week paused its US sales of Apple Watch Series 9 and Apple Watch Ultra 2.
  • The move came into effect on the online Apple Store on December 21, with retail locations ceasing sales December 24.

Russia extends ban on entry of trucks from EU, UK, Norway, Ukraine

MOSCOW, RUSSIA - The Russian government has extended the ban on the entry of trucks from the European Union, the...
  • “The restriction will remain in effect until the circumstances that served as the basis for its introduction are eliminated,” the Russian Cabinet said.
  • The ban was introduced in 2022 as a response to the EU’s decision not to allow trucks with Russian and Belarusian license plates through.

UN General Assembly approves US$3.59bn budget for 2024

NEW YORK, US - The United Nations General Assembly (UNGA) approved a US$3.59 billion budget for 2024, including establishing a...
  • The UNGA approved around US$50 million as an additional funding for UN Human Rights Council.
  • UNGA revealed that it established a multiannual private account for peacemaking and it is used for funding UNPBF.

Iran slams UN for its failure to stop Israel-Hamas war in Gaza

Iranian President Ebrahim Raisi slammed the "inefficacy" of international bodies to halt fighting between Israel and Palestinian group Hamas which...
  • The UNSC resolution urged the creation of "conditions for a sustainable cessation of hostilities", without calling for an immediate end to the fighting,
  • "The inability and inefficacy of international organizations has become clear to everyone in the world," the Iranian President said.

UN resolution urges more aid for Gaza as death toll rises

Fighting between Israel and Hamas in Gaza raged as the UN Security Council approved a much-delayed resolution to boost aid...
  • The resolution also urged the creation of "conditions for a sustainable cessation of hostilities" but did not call for an immediate end to fighting.
  • It came after the UN's World Food Program warned that Gaza's population is at a "high risk of famine".

EU reaches agreement on reforming bloc’s migration laws

Spain, which chaired the lengthy negotiations in its role holding the EU presidency, said on X, formerly Twitter: "A political...
  • The reform includes speedier vetting of irregular arrivals, creating border detention centres, and accelerated deportation for rejected asylum applicants
  • The accord still needs to be formally approved by the European Council, representing the 27 EU member countries, and the European Parliament before it enters the bloc's lawbooks

Oil prices rise following Red Sea attacks

Oil prices shot up three percent as more companies suspended shipping through the Red Sea following attacks on vessels by...
  • Yemen's Iran-backed Houthi rebels said on Monday that they had attacked two "Israeli-linked" vessels in the Red Sea..
  • Ships must travel through the Red Sea to use the Suez Canal, a key transit route for cargo and oil..

Maritime agencies report explosion off Yemen coast

Dubai, UAE - A "possible explosion" struck a key shipping lane off Yemen on Monday, two maritime agencies said, the latest...
  • The British military’s United Kingdom Maritime Trade Operations issued a warning of a potential explosion striking near a vessel passing through the Bab al-Mandeb strait.
  • "The captain reported... the 'explosion' occurring two nautical miles off one of the vessel's quarters while it was transiting," said maritime security firm Ambrey.

Global football stars choose Red Sea destination for holiday

TABUK, SAUDI ARABIA – A few days ago, the Red Sea destination hosted several international football stars from Saudi Pro...

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Aid boat ready to set sail from Cyprus for Gaza

A boat laden with food for Palestinians in war-ravaged Gaza was "ready" to set sail from Cyprus, an NGO said,...

Iran hits out at UN experts report on 2022 protests

TEHRAN, IRAN – Tehran on Saturday strongly condemned a UN report on the Islamic republic's response to mass protests in 2022,...

Saudi Tourism Authority, Trip.com Group sign global agreement

BERLIN, GERMANY – Saudi Tourism Authority (STA) and Trip.com Group have announced a significant global partnership, which will drive greater...

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UN agency exhorts Israel to allow port for Gaza aid transfer

Rome, Italy - The UN's food agency on Thursday said it was pressing Israel to allow it to use the Ashdod...
  • "We have several requests with the Israelis," World Food Program (WFP) Deputy Executive Director Carl Skau told AFP in Rome.
  • "We want to use the Ashdod port, which would be much more efficient than going through Jordan or even Egypt," Skau said.

Hamas expresses dissatisfaction over Israel’s stance on Gaza truce

A senior Hamas official confirmed that the group's delegation in talks seeking a Gaza truce left Cairo for consultations in...
  • Hamas has been insisting on a complete withdrawal of Israeli forces from Gaza, the return of displaced people to their homes.
  • Israel has been asking for a list of all hostages still alive in Gaza, a task Hamas says it is unable to complete.

Scientists launch hub to channel quantum power for good

GENEVA, SWITZERLAND – Scientists will work to channel the huge emerging power of quantum computers for the common good at a...
  • Quantum computing combines advances in scientific understanding of the subatomic world with leaps in information theory.
  • The first commercial quantum computers are still believed to be up to a decade away.