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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 Security Council due to vote on delayed Gaza resolution

    This week's back and forth comes after an impasse earlier this month, when the United States, despite unprecedented pressure from...

    The humanitarian situation in Gaza was rapidly deteriorating, with a senior UN official saying Israel's steps to allow in aid were "far short" of mounting need

    Members of the council had grappled for days to find common ground on the resolution, a vote on which was pushed back throughout Tuesday, after being postponed Monday

  • Hamas chief to visit Egypt for Gaza ceasefire talks

    According to a source close to the Palestinian Islamist group, Hamas chief Ismail Haniyeh is set to visit Egypt on...

    The talks will focus on ending "aggression and the war" and the release of prisoners

    Haniyeh's visit will be his second to Egypt since the start of the war on October 7

  • ‘Qatar plays crucial role in enhancing transparency’

    "Uzbekistan is eager to strengthen its cooperative relationship with Qatar, particularly in anti-corruption efforts. Qatar has achieved advanced rankings and...

    Uzbekistan's Deputy Minister Ilkhom Norkulov commends Qatar's leadership in anti-corruption, applauding its efforts to enhance transparency and uphold the rule of law.

    The Sheikh Tamim Bin Hamad Al-Thani ACE Award, hosted by Uzbekistan in its 7th edition, symbolizes Qatar's dedication to combating corruption globally, Norkulov adds.

  • GCC in the crossfire amid growing US-China tech war

    Amid ongoing US-China technological rivalry, Gulf countries face crucial choices in balancing their economic and technological relations with both superpowers.

    Amid ongoing US-China technological rivalry, Gulf countries face crucial choices in balancing their economic and technological relations with both superpowers.

    The semiconductor battle, with Abu Dhabi-based G42 cutting its ties with Huawei, is a prime example of the region’s strategic maneuvering in this global power play.

  • Israeli army strikes renders Gaza’s Al-Ahli hospital non functional

    TEL AVIV, ISRAEL - One of the last remaining hospitals in the northern Gaza Strip stopped operating on Tuesday after...

    An official told AFP Israeli troops attacked the Al-Ahli hospital and arrested doctors, medical staff and patients, destroying part of the building's grounds

    At least four people who were wounded by Israeli fire on Monday died on Tuesday after being injured in the Al-Ahli assault, he said

  • UNICEF terms Gaza world’s ‘most dangerous place’ for children

    Geneva, Switzerland - Gaza is "the most dangerous place in the world" for a child, the UN children's agency spokesperson said...

    "I'm furious that those with power shrug at the humanitarian nightmares unleashed on a million children," UNICEF spokesperson James Elder said

    He spoke of children having undergone amputations and who were then "killed in those hospitals" as the Israeli army bombardment of the Gaza Strip continues

  • Hyundai to sell Russian plant

    Sales of Hyundai cars have tumbled in Russia.

    The war in Ukraine has sparked an exodus of foreign companies from Russia, including many major car manufacturers.

    Sanctions by the European Union, the United States and others have made it increasingly difficult to do business with Russia.

  • UNSC stumbles for common ground on Gaza, delaying ceasefire vote

    Israel -- backed by its ally Washington, a veto-wielding permanent Security Council member -- has opposed the term "cease-fire." This...

    The current struggle comes after an impasse earlier this month, when the US, despite unprecedented pressure from UN chief Antonio Guterres, blocked the adoption of UNSC resolution.

    Last week, the General Assembly adopted the same nonbinding resolution by 153 votes to 10, with 23 abstentions, out of 193 member states.

  • French government battles to save flagship immigration bill

    Paris, France - The French government of President Emmanuel Macron on Tuesday was battling to salvage a flagship immigration reform following...

    The government regards the legislation -- which generally tightens immigration rules -- as crucial to seizing the initiative on the issue from the far-right

    The chief obstacle is that the right wants to make social security benefits for foreigners conditional on five years of presence in France or 30 months for those who work

  • First commercial trucks enter Gaza since war: US

    State Department spokesman Matthew Miller said that the first private trucks entered Saturday and more came through on Monday. Miller,...

    The commercial trucks came through the Rafah crossing between Gaza, which is controlled by Hamas, and Egypt

    State Department spokesman Miller said that the arrival of commercial trucks was the "result of intensive diplomacy" by US officials