Passenger air traffic has reached pre-pandemic levels, says ICAO
MONTREAL, CANADA – In the first quarter of 2024, the International Civil Aviation Organization (ICAO) projected that passenger air traffic...
Business
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".
Geostrategy
Did not hear any noise from global organizations on journalist Dugina’s death, says Russia
MOSCOW, RUSSIA - Russia still has not heard any reaction from international organizations regarding the assassination of journalist Darya Dugina...
- The diplomat recalled a series of assassination attempts and murders of Russian journalists and opinion leaders committed by the Kiev regime.
- Darya Dugina, 29, was killed on August 20 when her car was blown up on the M1 Highway in the Moscow Region’s Odintsovsky district.
Market Report
European stocks rise, China rate cut fails to ease worries
European stocks rebounded but Asian markets ended mixed after a Chinese rate cut failed to reassure investors. At midday, Paris...
- There are concerns that the US Federal Reserve could raise interest rates further and keep them elevated for longer.
- Focus turns this week to a symposium of top central bankers and business leaders at Jackson Hole, Wyoming, with dealers hoping for guidance on rates.
Arts & Culture
25 teams attending Afro-Arab Esports League 2023 in Saudi Arabia
Riyadh, Saudi Arabia -- The Afro-Arab Esports League, which opened Saturday in Saudi Arabia, will see participation from over 25...
- These teams will compete for three days in a variety of tournaments tailored for both men and women, covering popular games such as eFootball and Valorant.
- Prince Faisal bin Bandar bin Sultan said the arrangement of the Afro-Arab Esports League demonstrated of the sector's importance in both the Arab and African realms.
Geostrategy
UAE takes part in G20 joint health-finance ministers meeting  Â
GANDHINAGAR, INDIA - Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini and Assistant Minister of Foreign Affairs...
- The meeting discussed the progress made by the Joint Finance and Health Task Force (JFHTF) this year.
- The UAE participated in the three meetings that the Task Force held this year under the G20 Finance Track.
Geostrategy
WHO launches global initiative on digital health supported by G20 Presidency
GANDHINAGAR, INDIA - The World Health Organization (WHO) and the G20 India presidency announced a new Global Initiative on Digital...
- WHO serves as the secretariat for strategy implementation to fast-track digital health system transformation.
- The new Global Initiative on Digital Health is one of the key deliverables of India’s G20 Presidency.
Geostrategy
Iran president meets diplomat freed by Belgium in prisoner swap case
TEHRAN, IRAN - Iranian President Ebrahim Raisi has met with diplomat Assadollah Assadi, recently freed by Belgium in a high-profile prisoner...
- The Iranian diplomat was sentenced in Belgium to 20 years in prison for his role in a plot to blow up an Iranian opposition event in 2018 in Paris.
- The diplomat was liberated on May 26 in an Oman-mediated exchange that saw Iran releasing Belgian aid worker Olivier Vandecasteele.
Geostrategy
Russian foreign minister to lead delegation at UN General Assembly
MOSCOW, RUSSIA - Russian President Vladimir Putin has approved the composition of the country’s delegation to the 78th session of...
- In recent years, Russia’s delegation to the UN General Assembly has been headed by Foreign Minister Sergey Lavrov.
- The 78th session of the United Nations General Assembly will begin in New York on September 19.
Economy
Economists convened by COP28 lay out steps to reform global climate finance
ABU DHABI, UAE - A two-day meeting of world leading economists and finance leaders convened by the COP28 Presidency has...
- Particular areas of focus for the new framework will include addressing debt distress in vulnerable countries.
- Group said that private finance flows need to grow much faster to meet the $2.4 trillion investment estimated nnually.
Geostrategy
Russian defense officials meet Saudi Arabian, Iranian counterparts
MOSCOW, RUSSIA - The 11th Moscow Conference on International Security, held at the Patriot Congress and Exhibition Center here, saw...
- The conference saw participation from over 800 delegates from 76 countries, including China, India, South Africa, Israel, Turkey, Mexico, the UAE, Saudi Arabia.
- Representatives from eight international organizations, including the UN, CSTO, SCO, ASEAN, Arab League, and the African Union took part in the conference.
Passenger air traffic has reached pre-pandemic levels, says ICAO
MONTREAL, CANADA – In the first quarter of 2024, the International Civil Aviation Organization (ICAO) projected that passenger air traffic...
Business
Company News
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In Davos, AI excitement persists but fears over managing risks
World Economic Forum
Hamas, Saudi warn of calamity if Israeli troops attack Rafah
Prime Minister Benjamin Netanyahu this week said he had ordered troops to prepare to go in to the city, crowded...
Geostrategy
World’s biggest flying lab comes to Asia on air pollution mission
Clark, Philippines - NASA has kicked off a series of marathon flights in Asia with the world's biggest flying laboratory, in...
Science
Law, politics hamper UK museum return of artifacts
LONDON, UK - British museums, like others across Europe, are under pressure to return artworks taken during the colonial era, including...
Geostrategy
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Science
World sees first 12 months above 1.5C warming level, says climate monitor
PARIS, FRANCE - Earth has endured 12 consecutive months of temperatures 1.5C hotter than the pre-industrial era for the first time...
- Recent months have seen a global onslaught of extremes, including devastating drought gripping the Amazon basin
- The UN's IPCC climate panel had already warned that the world will likely crash through 1.5C in the early 2030s.
Business
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.
Geostrategy
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.