US census to include Middle Eastern or North African category
The next US census and federal government forms will include new options for race and ethnicity including a category for...
Geostrategy
Trump tells Israel media ‘you’re losing support’ over Gaza war
Former US president Donald Trump warned Israel in an interview that it was losing support over the war in Gaza....
Geostrategy
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.
Business
Ant Group to buyback shares
Share buyback plan values Ant Group at $78.5 billion.
- The China Securities Regulatory Commission (CSRC) on Friday slapped a $984 million fine on Ant and its subsidiaries "in view of... illegal and irregular acts".
- Ant operates Alipay, the world's largest digital payments platform, which boasts hundreds of millions of monthly users in China and beyond.
Business
FAO says world cereal production to reach record high in 2023-24
ROME, ITALY - World cereal production is predicted to hit a record high in 2023-24, according to the latest Cereal...
- FAO raised its 2023 global cereal production forecast to 2 819 million tonnes, indicating a 1.1 percent increase from the previous year.
- The higher forecast almost entirely reflects better prospects for global wheat production, now pegged at 783.3 million tonnes.
Economy
‘Greenhouse gas emissions from agriculture likely to rise by 7.5% in next decade’
PARIS, FRANCE - Greenhouse gas emissions from agriculture are expected to increase by 7.5 percent in the next decade, said...
- Projected greenhouse gas emissions are less than half the projected output growth.
- This output indicates a significant fall in the carbon intensity of agricultural production.
Science
AI robots at UN say they could run the world in a better way
GENEVA, SWITZERLAND - A panel of AI-enabled humanoid robots told a United Nations summit on Friday that they could eventually run...
- Some of the most advanced humanoid robots were at the UN's two-day AI for Good Global Summit in Geneva.
- They were assembled for what was billed as the world's first press conference with a packed panel of AI-enabled humanoid social robots.
Market Report
Asian markets decline as US data spark interest rate fears
Asian stocks tumbled again after another round of strong US data reinforced expectations the Federal Reserve will resume its interest...
- Minutes from the Federal Reserve's last meeting showed officials plan to ramp up borrowing costs again this month.
- Equity-buying sentiment was hammered again by news that US private firms created twice as many jobs as expected in June.
US census to include Middle Eastern or North African category
The next US census and federal government forms will include new options for race and ethnicity including a category for...
Geostrategy
Company News
Latest News
Scientists in UK create new fusion record
LONDON, UK - Scientists in Britain announced on Thursday they had smashed a record for generating fusion energy in the final...
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...
Science
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.
Business
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Geostrategy
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.
Geostrategy
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.
Geostrategy
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.