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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.
  • Israel must be held accountable for its actions, says Palestinian PM

    DOHA, QATAR - Prime Minister of Palestine Mohammad Shtayyeh called for holding Israel accountable, imposing sanctions and not allowing it...

    The Palestinian PM denounced Washington’s use of veto against a UN draft resolution calling for a ceasefire in Gaza.

    He said that there is an urgent need for a comprehensive political solution that would end the suffering of the Palestinians.

  • Saudis, Iraq stand firm as COP28 mulls phase-out of fossil fuels

    With less than 48 hours left before the conference's official end, COP28 president Sultan Al Jaber invited ministers to give...

    The European Union and members of Pacific islands states threatened by rising seas reiterated their calls for a phase-out of fossil fuels.

    A Saudi official told the COP28 majlis that Riyadh's "perspectives and concerns" must be taken into account.

  • Russia’s Putin offers assistance in Gaza Strip de-escalation

    MOSCOW, RUSSIA - Russian President Vladimir Putin has offered assistance in helping to deescalate the tense situation in the Gaza...

    This offer was made during a telephonic conversation between Russian President Vladimir Putin and Israeli Prime Minister Benjamin Netanyahu.

    The two leaders discussed continued cooperation regarding the evacuation of Russian nationals and family members from the region.

  • UN agency chief says Israel trying to force Gazans into Egypt

    "The United Nations and several member states, including the US, have firmly rejected forcibly displacing Gazans out of the Gaza...

    The widespread destruction in the Palestinian territory's north and the resulting displacements were "the first stage of such a scenario", he added

    "If this path continues, leading to what many are already calling a second Nakba, Gaza will not be a land for Palestinians anymore," Lazzarini said.

  • Efforts ongoing to renew Israel-Hamas truce, says Qatar

    DOHA, QATAR - Mediation efforts are continuing to secure a new Gaza ceasefire despite ongoing Israeli bombardment that is "narrowing the...

    Qatar was a key mediator in negotiations that resulted in a seven-day truce, which saw scores of Israeli hostages exchanged for Palestinian civilians.

    The United Nations Secretary-General had convened an emergency meeting of the UN Security Council after two months of fighting in Gaza.

  • COP28 President Sultan Al Jaber warns ‘failure is not an option’

    With the conference in Dubai due to officially end on Tuesday, COP28 president Sultan Al Jaber urged the nearly 200...

    What we are after is the common good. What we're after is what is in the best interest of everyone, everywhere," he said.

    Jaber spoke ahead of a "majlis", a traditional Emirati assembly where people sit in a circle and try to resolve differences, which he organized in an effort to find a deal.

  • UN Security Council ‘paralyzed’ over Gaza: UN chief

    Antonio Guterres had convened an emergency meeting of the UN Security Council after two months of fighting in Gaza. He...

    Guterres said the council was "paralyzed by geostrategic divisions"

    He said the body's authority and credibility were undermined by its delayed response to conflict

  • Syria strikes kill 6 civilians in rebel bastion: monitor

    On Friday, it said 11 pro-government forces and five HTS fighters had been killed after the jihadists launched an attack...

    Six civilians, "including two children and a woman", were killed in Idlib and Sarmin, while 25 others were wounded in the strikes in various areas of Idlib province

    Government forces fired "more than 35 missiles" during the bombardment, said the Syrian Observatory for Human Rights, a Britain based war monitor

  • Protestors demand end of fossil fuels, Gaza war at COP28

    The demonstrators chanted "Climate justice!" and "Ceasefire now!" as they held pro-environment banners painted in the colors of the Palestinian...

    The 'Blue Zone' where the COP28 talks are taking place is currently under UN control.

    At least 17,490 people, mostly women and children, have been killed in Israeli attacks

  • Yemen’s Houthi rebels threaten Israel-bound Red Sea ships

    The latest warning comes amid heightened tensions in the Red Sea and surrounding waters following a series of maritime attacks...

    Yemen's Houthis have recently attacked ships they claim have direct links to Israel, but their latest threat expands the scope of their targets

    Israel's national security adviser said his country would not accept the "naval siege noting Benjamin Netanyahu had asked Joe Biden to address the situation