Energy-related global CO2 emissions hit record levels in 2023, says IEA
PARIS, FRANCE – Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous years...
Science
Zelenskyy in Saudi Arabia to discuss war; meets Mohammed bin Salman
RIYADH, SAUDI ARABIA - President of Ukraine Volodymyr Zelenskyy and his accompanying delegation arrived here on Tuesday.The Ukrainian President was...
Geostrategy
Economy
Algeria a ‘reliable’ gas supplier: EU chief Michel
European officials have been looking to Algeria, Africa's biggest gas exporter, to fill a shortfall in supplies after Russia's invasion...
- Before the Ukraine war, Algeria provided the European Union with some 11 percent of its gas needs
- Algiers has seen a string of high-profile visitors in recent months seeking to boost exports
Economy
Cryptocurrency sceptics look to bend the ear of regulators
A number of governments have expressed concerns over cryptocurrencies, but those behind the first Crypto Policy Symposium say they hope...
- The conference comes as the price of bitcoin has plunged from a peak of nearly $69,000 last October to around $20,000
- Many central banks and financial market regulators have warned about the dangers posed by cryptocurrencies
Business
OPEC+ to meet in order to adjust quotas for October
Faced with a bleak global economic outlook, the OPEC+ countries are expected to agree a modest increase in oil production...
- Far from their highs near $140 a barrel, Brent North Sea crude and US WTI crude prices suffered their third consecutive monthly decline in August
- Matthew Holland of Energy Aspects said a cut in production would come up at the next meeting in October
Business
Pure Health to invest US$500m
It will buy stake in a US healthcare firm Ardent.
- Ardent Health Services is the fourth largest private hospital operator in the United States with operations across six states.
- Pure Health would receive board observer rights but would not have a seat on Ardent’s board of directors.
Science
NASA delays rocket launch to moon due to fuel leakage
After the latest delay, there are backup opportunities on Monday or Tuesday. After that, the next launch window will not...
- Though the area around the launch site was closed to the public, an estimated 400,000 people had gathered nearby to see the launch.
- Early Saturday, launch director Charlie Blackwell-Thompson had given the go-ahead to start filling the rocket's tanks with cryogenic fuel.
Arts & Culture
S Korean Netflix hit ‘Extraordinary Attorney Woo’ sparks autism debate
The endearing "Extraordinary Attorney Woo", featuring a neurodivergent attorney, has been Netflix's most-watched non-English show for over a month, following...
- The 16-episode series follows a rookie lawyer whose condition helps her find brilliant solutions to legal conundrums but often leaves her socially isolated
- In South Korea, some families of autistic people have described the show as pure "fantasy", saying her character is unrealistic
Geostrategy
Moscow warns EU against restricting Russian tourists
The Kremlin on Tuesday warned it would respond if the European Union makes it harder for Russians to travel to...
- The idea to ban Russian tourists from Europe has divided EU nations, with some in full support and some against it.
- The European Union had already suspended visa facilitation for Russian official delegations and business leaders.
Geostrategy
Israeli spy chief to meet US officials on Iran deal
Prime Minister Yair Lapid said that Israel's "diplomatic fight" against the deal included its  national security advisor and defense minister...
- Israel says a deal would facilitate the funding of Iran-supported militants, while not preventing Tehran from developing a nuclear weapon
- In 2018, then-US president Donald Trump unilaterally withdrew from the agreement designed to prevent Iran from developing a nuclear weapon
Geostrategy
Japan vows billions at Africa investment conference
Japanese Prime Minister Fumio Kishida Saturday pledged $30 billion over three years for Africa in a virtual address to a...
- Japanese Prime Minister Fumio Kishida Saturday pledged $30 billion over three years for Africa in a virtual address to a development conference in Tunis.
- Host country Tunisia is among the countries bearing the brunt of global supply chain disruptions and price spikes since it is heavily import dependent.
Geostrategy
In risky recycling venture, Gazans burn plastic for fuel
It's an economic and practical solution in a territory blockaded by Israel for 15 years, but one which poses serious...
- In Gaza, where exchanges of fire between Palestinian militants and Israel for three days this month killed at least 49 Palestinians, health risks are outweighed by economic reality
- Unemployment has hit 47 percent and the average daily wage is around 60 shekels ($18), according to the Palestinian Central Bureau of Statistics.
Energy-related global CO2 emissions hit record levels in 2023, says IEA
PARIS, FRANCE – Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous years...
Science
Company News
Latest News
Lavoie buys e-bike firm VanMoof
Business
Lebanon national carrier halves flights amid fears of Israel war
BEIRUT, LEBANON -  Lebanon's national carrier on Friday said it was cutting more than half of its flights as tensions along...
Business
Israel army orders evacuation of northern city after Lebanon clashes
KIRYAT SHMONA, ISRAEL - The Israeli military announced plans to evacuate the northern city of Kiryat Shmona on Friday, after days...
Geostrategy
Air Arabia launches non-stop flights between UAE’s Sharjah, Egypt’s Giza
SHARJAH/ ABU DHABI, UAE - Air Arabia announced the launch of a new route operating between Sharjah and Giza city...
Business
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Business
Emirati investments in Turkey reach $5.6 billion in 2022
ABU DHABI, UAE – Ahmet Burak Daglioglu, Head of the Investment Office of the Turkish Presidency, said that the cumulative...
- UAE currently stands as Turkey's 13th largest trade partner for exports and the 15th largest for imports.
- From 2014 to 2022, the total foreign direct investment from Turkey to the UAE amounted to approximately $1.1 billion
Market Report
Markets fall as Biden set for Middle East diplomacy drive
US and European stock markets mostly fell and oil prices rose as US President Joe Biden prepared for a trip...
- Wall Street opened in the red, with the tech-heavy Nasdaq shedding more than one percent, while Frankfurt and Paris fell 0.6 percent afternoon deal.
- "Understandably, not many people are in the mood to put their hard-earned cash at risk in these uncertain economic times," said an expert.
Geostrategy
World leaders try to contain Israel-Hamas war
As Israel prepares for a ground offensive into the Gaza Strip, the international community has mobilized to try to protect...
- Among the most active international players is the United States, whose Secretary of State Antony Blinken started a tour of six Arab countries.
- The US, like its European allies, is concerned to avoid the opening of a second front with the Iran-backed Hezbollah militia in Lebanon.