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...
Geostrategy
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...
Science
Geostrategy
Ukraine grain deal failed to achieve objective, says Putin
Russian President Vladimir Putin said the main objective of the deal that allowed Ukrainian grain exports to resume was not...
- A memorandum on unhindered Russian food and fertilizer exports had been signed in parallel to the grain deal.
- "The main goal of the deal, namely the supply of grain to countries in need, including on the African continent, has not been implemented," Putin said.
Science
Almost the entire world is experiencing record heatwaves
Record heat is forecast around the world from the United States, where tens of millions are battling dangerously high temperatures,...
- Authorities in many countries have been sounding the alarm, advising people to avoid outdoor activities in the daytime and to be wary of dehydration.
- Scientists insist global warming - linked to dependence on fossil fuels - is behind the intensification of heat waves in the world.
Science
India launches an unmanned spacecraft to land on Moon
India launched a rocket carrying an unmanned spacecraft to land on the Moon, its second attempt to do so as...
- "Chandrayaan-3... has begun its journey to the Moon. Health of the spacecraft is normal," the Indian Space Research Organization said on Twitter.
- The world's most populous nation has a comparatively low-budget aerospace program that is rapidly closing in on the milestones set by global space powers.
Geostrategy
UN says over 165m people fell into poverty in 3 years of crisis
UNITED NATIONS - The COVID-19 pandemic, the cost-of-living crisis and the war in Ukraine have pushed 165 million people into...
- The COVID-19 pandemic, the cost-of-living crisis and the war in Ukraine have pushed 165 million people into poverty since 2020, the UN said.
- Because of these shocks, the United Nations has called for a pause in debt repayments for developing countries.
Business
IDB inks pact with IRENA
IDB will fund renewable projects by joining ETAF platform.
- The IDB plans to co-finance renewable energy projects and energy transition technologies worth US$100 million in Latin America and the Caribbean.
- By leveraging its global reach and energy transition knowledge, IRENA is actively developing a pipeline of energy transition projects .
Business
Broadcom to acquire VMware after EU okays deal
BRUSSELS, BELGIUM- The European Commission approved US chipmaker Broadcom's planned $61 billion takeover of cloud computing firm VMware on Wednesday, conditional...
- The massive deal had raised concerns about competition, prompting probes by antitrust watchdogs in the European Union and Britain.
- As a remedy, Broadcom offered interoperability commitments to rival Marvell Technology and any other potential competition.
Business
OECD says sizeable progress made on sharing tax revenue on multinationals
Nearly 140 countries have taken a first step towards reaching agreement on a fairer distribution of tax revenues from multinational...
- Multinationals, especially tech firms, are currently able to easily shift profits to countries with low tax rates.
- In 2021, in talks led by the OECD, an agreement was reached on a minimum tax rate of 15 percent on multinationals.
Geostrategy
Both sides in Sudan must be made accountable, says UN official
BRUSSELS, BELGIUM - Sudan's warring sides must face "accountability" for the "crimes" committed in their conflict, which risks spiraling into a...
- The fighting, which began in mid-April, risks morphing into a tribalized and ideologized conflict, head of UN mission in Sudan said.
- Around 3,000 people have been killed, and the UN has warned of possible crimes against humanity in the western region of Darfur.
Economy
UAE per capita income rises to 7th rank globally
ABU DHABI, UAE - The UAE ranked seventh in the world in terms of per capita national income, according to...
- According to the Atlas method, the per capita national income in the UAE, in current US dollars, increased to US$48,950 in 2022.
- The expression of Gross National Income (GNI) in US dollars is done using the Atlas method, which was introduced in its current form in 1989.
Science
Dubai Solar event to focus on research in clean energy
DUBAI, UAE- Dubai Electricity and Water Authority (DEWA) said the MENA Solar Conference (MENA-SC) which it organizes from November 15-18...
- Prominent experts, specialists and researchers worldwide will highlight the latest developments, technologies and scientific research in solar power.
- The four-day conference will discuss various scientific research in the solar energy sector to accelerate the transition towards renewable and clean energy.
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...
Geostrategy
Company News
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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...
Arts & Culture
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...
Economy
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...
Business
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Business
UPS says will cut 12,000 jobs
The move comes as UPS seeks to "align" its resources.
- Three-quarters of the reductions are set to come in the first half, UPS CEO said.
- The decision comes after UPS reported Q4 2023 revenues of US$24.9 billion.
Geostrategy
Residents of Gaza lament suspension of UN agency funding
Gazans lamented the suspension of funding to the UN agency for Palestinian refugees by several donor countries after Israel charged...
- Several countries, including the United States, France, Britain, Germany and Japan, have announced the suspension of further funding to the agency.
- In Rafah, where 1.5 million displaced people have taken refuge, Gazans said that the support they received from the agency amounted to a lifeline.
Geostrategy
UN chief calls for continuity in aid as battle rages in Gaza
Heavy fighting raged in Gaza amid a row over the UN agency for Palestinian refugees that has called its future...
- The Israeli army said special forces were continuing to engage in "intensive battles" in Gaza's main southern city of Khan Yunis.
- UNRWA said it had fired several employees over Israel's accusations of its staff