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Samsung says planning job cuts

The layoffs could affect about 10 percent of the workforce.

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.
  • UN resolution urges more aid for Gaza as death toll rises

    Fighting between Israel and Hamas in Gaza raged as the UN Security Council approved a much-delayed resolution to boost aid...

    The resolution also urged the creation of "conditions for a sustainable cessation of hostilities" but did not call for an immediate end to fighting.

    It came after the UN's World Food Program warned that Gaza's population is at a "high risk of famine".

  • UN says Gaza on cusp of famine due to Hamas-Israel war

    The Israel-Hamas war is pushing Gaza towards famine, the United Nations warned ahead of an expected Security Council vote on...

    The entire population of Gaza faces "an imminent risk of famine", according to a UN-backed global hunger monitoring system.

    With homes destroyed, they are living in crowded shelters and struggling to find food, fuel, water and medical supplies

  • Lebanon to adopt UN border resolution if Israel complies

    Lebanon is ready to implement a UN resolution that would help end Hizbollah's cross-border attacks on Israel if Israel also...

    The solution to the current cross-border hostilities "is the implementation of international resolutions", including Resolution 1701, Lebanese PM said.

    The Lebanese PM was referring to territory claimed by Lebanon that remains occupied following Israel's withdrawal from the country's south in 2000.

  • More than 20 countries join coalition to protect Red Sea shipping

    The Iran-backed Houthis have repeatedly targeted vessels in the vital shipping lane with strikes they say are in support of...

    Pentagon spokesman said the Houthis are "attacking the economic wellbeing and prosperity of nations around the world," effectively becoming "bandits along the international highway

    Coalition forces will serve as a highway patrol of sorts, patrolling Red Sea and the Gulf of Aden to respond to commercial vessels that are transiting this international waterway

  • UN Security Council to vote on Gaza aid as famine fears mount

    Separate diplomatic efforts were also under way for a fresh pause in the worst-ever Gaza war, which was triggered by...

    The latest UN draft set to face a vote Friday, calls for "urgent steps to immediately allow safe and unhindered humanitarian access

    The entire population of Gaza faces "an imminent risk of famine", according to a UN-backed global hunger monitoring system on Thursday

  • Lebanon economy to plunge into recession due to Gaza war

    The impact of the conflict had reversed a slight recovery for Lebanon, which has battled a deep economic crisis for...

    Lebanon's economy collapsed in late 2019, plunging most of the population into poverty, according to the United Nations.

    Real gross domestic product is expected to decline "to between minus 0.6 percent to minus 0.9 percent depending on the extent of the tourism shock," the World Bank said.

  • Turkmenistan worried as Caspian Sea continues to shrink

    Turkmenbashi, Turkmenistan - On the Caspian Sea coast in Turkmenistan, Batyr Yusupov can no longer ferry his passengers between two ports....

    It is still not entirely clear why that is happening, but scientists say it is down to naturally occurring processes exacerbated by climate change

    Turkmenistan, a former Soviet republic, is one of five countries on the Caspian Sea together with Azerbaijan, Kazakhstan, Iran and Russia

  • UN adopts Qatar-sponsored resolution on human rights training center

    New York, USA - The UN General Assembly (UNGA) adopted a resolution by 185 votes on 'The UN Human Rights...

    Qatar sponsored and facilitated negotiations every two years since its establishment in 2008, with its headquarters in Doha

    In its resolution, the General Assembly reaffirms the role of regional cooperation in promoting and protecting human rights

  • Greece to join US-led naval coalition against Houthi rebels

    The task force announced by US Defense Secretary Lloyd Austin on Monday initially included Britain, Bahrain, Canada, France, Italy, the...

    A Greek navy frigate will join the task force on orders from Prime Minister Kyriakos Mitsotakis, said Defense Minister Nikos Dendias

    As a foremost shipping nation, Greece had a "fundamental interest" in addressing a "massive threat" to global maritime transport, he said

  • Rights group slams Meta for silencing pro-Palestinian voices

    "Meta's censorship of content in support of Palestine adds insult to injury at a time of unspeakable atrocities and repression...

    HRW pointed to "systemic online censorship", reporting more than 1,050 "takedowns and other suppression of content" on Instagram and Facebook from over 60 countries in Oct and Nov.

    Of the 1,050 cases reviewed, 1,049 involved "peaceful content in support of Palestine that was censored or suppressed, while one case involved removal of pro-Israel content.