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GM reports US sales dip, that of EVs grew

The big Detroit automaker reported 659,601 US sales during the period.

Covestro accepts ADNOC takeover bid

The deal values German chemicals group at $13.3bn.

Masdar acquires Saeta Yield

The deal is estimated to be valued at $1.4 billion.

Boeing lifts wage hike to 30% 

The 30% general wage hike improves upon the 25% in the earlier offer.

ADNOC Distribution H1 dividend $350m

The total dividend for 2024 is expected to be $700 million.
  • Israel rejects Hamas’ new proposal for release of Gaza hostages: report

    Washington, United States - Israel has rejected a new proposal from Hamas through Qatari and Egyptian mediators for a deal...

    Each phase, according to the proposal, would include a pause in fighting for more than a month in exchange for the release of hostages

    The implementation of the third phase of the deal, which provided for the release of prisoners of war, implied the end of the conflict

  • US aircraft carrier to return to base from Mediterranean

    According to the Navy, the carrier will redeploy to its home port "as scheduled to prepare for future deployments." The...

    US sent warships to "contribute to our regional deterrence and defense posture"

    The warships were dispatched to the region after Hamas' attack on Israel on October 7

  • Israeli settlers ‘most violent’ in West Bank 2023, says watchdog

    Jerusalem - Israeli settlers killed at least 10 Palestinians and torched dozens of homes in the occupied West Bank in...

    The human rights group said Israeli settlers were involved in multiple attacks on Palestinians in West Bank, which further spiked after October 7.

    It added that settlers killed 10 Palestinians while they set fire to dozens of homes and vehicles during 2023

  • Iranian warship enters Red Sea, reports media

    TEHRAN, IRAN - Iran's Alborz warship has entered the Red Sea through the strategic Bab al-Mandeb strait, Tasnim news agency reported...

    The news agency did not give specific reasons for its deployment, but noted that Iranian military vessels had operated in the area since 2009.

    According to the International Chamber of Shipping, 12 percent of global trade passes through the Red Sea

  • Israel’s Gaza assault to continue throughout 2024, says army

    The Israeli military spokesman said the army was currently "planning the management of the forces operating in the field" in...

    A military spokesman said Israeli army "must plan ahead, understanding that we will be required for additional tasks and warfare throughout this year"

    He added the army was currently "planning the management of the forces operating in the field" in the months ahead

  • Massive rally in Istanbul against ‘murderer’ Israel’s war in Gaza

    The rally, called by a foundation which counts Bilal Erdogan, the son of President Recep Tayyip Erdogan, among its members...

    Protesters waving Turkish and Palestinian flags rallied to the Galata Bridge on the Bosphorus chanting: "Murderer Israel, get out of Palestine" and "Allahu Akbar".

    Turkey's President Recep Erdogan has accused Israel of "state terrorism" and said Israeli Prime Minister Benjamin Netanyahu was "no different" from Adolf Hitler.

  • Japan quake triggers tsunami waves, residents told to run

    A major 7.5 magnitude earthquake struck the Noto region in Ishikawa prefecture, the US Geological Survey (USGS) said. Japan's weather...

    Sakhalin island and Vladivostok in Russia's far east were on "alert" due to a possible tsunami risk after the quakes in Japan, officials said.

    The JMA said the Noto region experienced a rapid succession of quakes, with another 6.2 tremor hitting soon after the initial swarm, the USGS said.

  • Nobel winner Yunus convicted in Bangladesh labor law case

    Yunus, 83, is credited with lifting millions out of poverty with his pioneering microfinance bank but has earned the enmity...

    Hasina has made several scathing verbal attacks against the internationally respected 2006 Nobel Peace Prize winner, who was once seen as a political rival.

    Yunus and three colleagues from Grameen Telecom, one of the firms he founded, were accused of violating labor laws when they failed to create a workers' welfare fund in the company

  • Taiwan’s president urges China to seek ‘peaceful coexistence’

    Taiwan is less than two weeks from an election, closely watched from Beijing to Washington as it determines the future...

    China has halted high-level communications with DPP government since her 2016 election

    In her last New Year speech Tsai expressed hopes to restart communications with Beijing

  • Palestinian fighters target Tel Aviv in barrage of rockets fired from Gaza

    Dubai, UAE--Several rockets fired from the Gaza Strip targeted Tel Aviv and southern Israel as the country rang in the...

    Dozens of people in the streets of Tel Aviv took cover as as the wail of air-raid sirens exemplified the fragility of peace in the region

    The Ezzedine al-Qassam Brigades, Hamas's military wing, claimed responsibility for both attacks in a video posted on social media