Israeli airstrike kills five Palestinians in West Bank
Palestinian medics said an air strike targeting a car in the occupied West Bank killed five people on Thursday, while...
Top Europe rights court to issue landmark climate verdicts
STRASBOURG, FRANCE – Europe's top rights court will on Tuesday issue unprecedented verdicts in three separate cases on the responsibility of...
Geostrategy
Business
Record number of patent applications filed globally in 2022, says WIPO
GENEVA, SWITZERLAND - Global patenting activity soared to new records in 2022, fueled by Indian and Chinese innovators, but an...
- China, the US, Japan, Republic of Korea and Germany were the countries with the highest numbers of patent filings in 2022.
- innovators from around the world submitted 3.46 million patent applications in 2022, marking a third consecutive year of growth.
Business
Fertiglobe Q3 revenue of $525m
The firm recently launched steps to optimize its cost structure.
- In the third quarter, nitrogen prices reflected tighter market balances due to record low inventory levels.
- In the medium to longer term, the nitrogen outlook is favorable, with limited supply additions over the next several years.
Market Report
Stocks extend global rally as US jobs data cements rate hopes
Hong Kong, China - Markets rallied again Monday following another strong performance on Wall Street, as below-forecast US jobs data fanned...
- All three main indexes on Wall Street jumped Friday after the jobs reading, which also fueled bets on an interest rate cut by June.
- Asian markets tracked the rally in New York, with Tokyo more than two percent higher, while Hong Kong, Wellington, Manila and Jakarta were up more than one percent
Economy
$10 trn of ‘hidden costs’ on food and agriculture system per year, says UN
Paris, France - The food and agriculture system adds at least $10 trillion in "hidden costs" to the global economy every...
- The Food and Agriculture Organization said it conducted an analysis in 154 countries to determine the "true" cost of the agrifood system.
- The global quantified hidden costs totaled around $12.7 trillion in 2020, representing almost 10 percent of the global gross domestic product.
Geostrategy
Russia calls for collective action to end fighting between Israel, Hamas
Russia called for "collective action" to end fighting between Israel and Hamas, including an international conference, almost a month into...
- Russia maintains ties with both Hamas and Israel and has said it can mediate the conflict.
- Russia supports calls for collective action to de-escalate the situation in the Middle East and that it was in favour of a “multilateral approach” in regulating the conflict.
Geostrategy
Arab ministers meet in Jordan, seek resolution to Gaza conflict
AMMAN, JORDAN – Foreign ministers from key Arab nations – including Saudi Arabia, the United Arab Emirates, Egypt, Qatar, and...
- The summit with Arab diplomats reinforced their collective call for an end to the aggression against Gaza.
- It emphasized the international community's role in stopping military operations and the bloodshed of civilians.
Science
AI to contribute in enhancing low-emissions development
BONN, GERMANY - Artificial intelligence (AI) can make substantial contributions to climate-resilient and low-emissions development. UN Climate Change’s Initiative on...
- UN Climate Change’s Initiative on Artificial Intelligence for Climate Action explores the role of AI as a tool for climate action in developing countries.
- It aims to deliver results both on policy and implementation, under the first joint work program of UN Climate Change’s Technology Mechanism.
Science
Global energy meet discusses way forward to net-zero emissions
VIENNA, AUSTRIA – High-level representatives from the member states of the United Nations Industrial Development Organization (UNIDO), international organizations, experts...
- The two-day forum showcased innovative technologies and transformative solutions to accelerate low-emission, climate-resilient development.
- The international event aimed to foster new partnerships to scale up investments and technology transfer to developing countries.
Geostrategy
UN rights body head criticizes rising hate sparked by Israel-Hamas war
The UN human rights chief said that he was absolutely "disgusted" by the "sharp rise in hatred globally" since the...
- "The impact of this crisis... has sent shockwaves across every region, dehumanising both Palestinians and Jews," the UN rights chief said.
- The world has witnessed a sharp spike in hate speech, violence and discrimination, deepening social fractures and polarization, he said.
Geostrategy
195 die in Israel strikes on Gaza camp, hundreds wounded
The Hamas government in Gaza said that 195 people had been killed in Israeli strikes this week on Jabalia refugee...
- Ambulances were set to rush several dozen patients to Egyptian hospitals, and about 400 foreigners or dual nationals were expected to escape.
- Egypt said that eventually it hoped to help evacuate 7,000 foreigners from over 60 countries from the densely crowded territory of 2.4 million people.
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Israeli airstrike kills five Palestinians in West Bank
Palestinian medics said an air strike targeting a car in the occupied West Bank killed five people on Thursday, while...
Company News
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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,...
Geostrategy
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...
Business
US President orders military to set up a port in Gaza for aid, say officials
President Joe Biden will tell Congress that he has ordered the US military to set up a port in Gaza...
Geostrategy
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Geostrategy
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.
Science
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.
Business
European Union slaps $1.9bn fine on Apple over violation of rules
Brussels, Belgium - The EU on Monday hit Apple with a more than 1.8-billion-euro fine ($1.9 billion) for violating the bloc's...
- The $1.9 billion penalty is the third-biggest antitrust fine ever imposed by the European Commission
- The iPhone maker immediately vowed to appeal the first ever antitrust fine slapped on Apple by Brussels