US unemployment rises further, hovering at highest since 2021
A deteriorating jobs market could nudge the central bank to lower rates further to boost the economy, despite some policymakers'...
Economy
Trump vows revenge after troops in Syria killed in alleged IS ambush
The deadly attack had been "an ambush by a lone ISIS gunman," who was "engaged and killed," US Central Command...
Geostrategy
Geostrategy
Pope urges Lebanese to stay in their country despite difficulties
Leo emphasized the need for peace, using the word more than 20 times during the address, without mentioning any specific...
- Urging reconciliation, Leo noted that "there are personal and collective wounds that take many years, sometimes entire generations, to heal".
- "If we do not work, for example, to heal memories, to bring together those who have suffered wrongs and injustice, it is difficult to journey towards peace," he said.
Arts & Culture
‘Dinosaur tartare’ and holograms: Dubai AI chef sparks awe and ire
Dubai, United Arab Emirates -- A Dubai restaurant has opened that prides itself on having the world's "first AI chef",...
- The AI programme -- known as chef Aiman -- is trained on thousands of recipes and decades of culinary research and molecular gastronomy.
- Chef Aiman can also optimise menus and balance flavours, according to the establishment.
Business
Singapore AI teddy back on sale after recall over sex chat scare
Singapore, Singapore -- A plushy, AI-enabled teddy bear recalled after its chatbot was found to engage in sexually explicit conversations...
- Singapore-based FoloToy had suspended its "Kumma" bear after a consumer advocacy group raised concerns about it and other AI toys on the market.
- The Kumma bear "looks sweet and innocent. But what comes out of its mouth is a stark contrast," researchers have said.
Geostrategy
Four European nations urge Israel to end West Bank ‘settler violence’
"We -- France, Germany, Italy, the United Kingdom -- strongly condemn the massive increase of settler violence against Palestinian civilians...
- Settler violence in the West Bank has soared since Hamas's October 2023 attack on Israel triggered the Gaza war.
- Israeli troops or settlers have killed more than 1,000 Palestinians in the West Bank, mostly civilians.
Geostrategy
Israel returns 15 bodies to Gaza after hostage remains identified
It came after Israel announced that a body handed over by Hamas on Tuesday was that of Dror Or, one...
- The last two hostages' bodies still in Gaza are those of Israeli Ran Gvili and Thai national Sudthisak Rinthalak.
- At the start of the ceasefire Hamas were holding 20 living hostages and 28 bodies of deceased captives.
Business
Insurance giant Allianz signals job cuts in AI shift
Frankfurt, Germany -- German insurance giant Allianz signalled Wednesday looming job cuts due to its adoption of artificial intelligence, with...
- Allianz Partners, the company's subsidiary dealing principally with travel insurance, said it was "leveraging AI" to strengthen its position and improve its services.
- Such changes could, however, "impact positions which are heavily reliant on manual processes today," it said in a statement.
Geostrategy
Robots take centre stage at Singapore ‘Olympiad’
Singapore -- The World Robot Olympiad opened in Singapore on Wednesday with hundreds of international students, some as young as...
- Organizers said 594 teams, comprising 1,571 participants from 91 countries, have registered for competitions to be held on Thursday and Friday on the theme "The Future of Robots".
- The theme "explores the way robotics can help solve global challenges and improve our lives", according to a fact sheet issued by the organizers.
Business
GCC countries attract $523.4bn in foreign investment in 2023
Muscat, Oman -- The GCC countries have seen a steady rise in foreign investment, according to data from the Statistical...
- Intra-GCC investments rise to $130 billion, aided by infrastructure, technology improvements, and modern legislation boosting regional business attractiveness.
- Capital markets grow to $4.2 trillion as corporate profits improve and institutional investments continue despite global economic uncertainties.
Geostrategy
G20 grapples with splintering world order
"Too many countries are retreating into geopolitical blocs or the battlegrounds of protectionism," Canadian Prime Minister Mark Carney told reporters....
- He and the other leaders at the summit -- which was boycotted by the United States -- held a searching discussion on how the G20 can survive in a fragmenting world.
- The United States is to host next year's G20 summit, with Trump planning to hold it at a Florida golf club he owns.
Geostrategy
Israeli strikes kill 21 in Gaza, dozens more wounded: Civil defense
Mahmud Bassal, spokesman for the civil defense agency, Bassal said one strike hit a house in Deir el-Balah in the...
- The Palestinian foreign ministry, based in the Israeli-occupied West Bank, condemned the strikes.
- It urged the international community to put "immediate pressure" on Israel to "stop the massacres".
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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
US unemployment rises further, hovering at highest since 2021
A deteriorating jobs market could nudge the central bank to lower rates further to boost the economy, despite some policymakers'...
Economy
Company News
Latest News
In Data Center Alley, AI sows building boom, doubts
Ashburn, United States -- As planes make their final approach to Washington DC's Dulles Airport, just below lies Ashburn, a...
Business
US private sector lost 32,000 jobs last month in surprise drop
President Donald Trump has been touting the economy's health, and forecasts had incorrectly predicted the monthly data would show a...
Geostrategy
OpenAI declares ChatGPT ‘code red’ over stiff competition: report
Washington, United States -- OpenAI CEO Sam Altman has declared a company-wide "code red" as its ChatGPT technology faces stiff...
Business
Most Read
Economy
Saudi powers forward with deficit spending to fund reforms
The Arab world's largest economy is overseeing a major push to slash its dependence on oil revenues, with officials pouring...
- The state's general budget for 2026 would have total expenditures of 1.313 trillion riyals (350.1 billion dollars).
- The projected deficit amounts to 3.3 percent of GDP, which is lower than the deficit of 245 billion riyals estimated for 2025.
Geostrategy
Pope urges Lebanese to stay in their country despite difficulties
Leo emphasized the need for peace, using the word more than 20 times during the address, without mentioning any specific...
- Urging reconciliation, Leo noted that "there are personal and collective wounds that take many years, sometimes entire generations, to heal".
- "If we do not work, for example, to heal memories, to bring together those who have suffered wrongs and injustice, it is difficult to journey towards peace," he said.
Arts & Culture
‘Dinosaur tartare’ and holograms: Dubai AI chef sparks awe and ire
Dubai, United Arab Emirates -- A Dubai restaurant has opened that prides itself on having the world's "first AI chef",...
- The AI programme -- known as chef Aiman -- is trained on thousands of recipes and decades of culinary research and molecular gastronomy.
- Chef Aiman can also optimise menus and balance flavours, according to the establishment.