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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 approves ‘minimal’ increase in fuel supply to Gaza

    Israeli Prime Minister Benjamin Netanyahu's office wrote on X that a "minimal supplement of fuel necessary to prevent a humanitarian...

    Israel said the fuel supply increase was "necessary to avoid a humanitarian collapse"

    UN chief said he feared that public order would "completely break down soon" in Gaza

  • Ambitious agreements mark Saudi Crown Prince’s Qatar visit

    Doha, Qatar – Following a landmark visit by Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud to Qatar,...

    The two countries expressed deep concern about the humanitarian situation in Gaza and the need for a comprehensive and just resolution to the Palestinian question.

    Economic and trade discussions focused on enhancing economic partnerships, diversifying trade, and investing in opportunities within the framework of their transformative visions.

  • KSA, Russia plan fertilizer JV, deepen OPEC+ ties

    Russian President Vladimir Putin's visit to Riyadh underscores the deepening economic and diplomatic relations between the two countries.

    Russian President Vladimir Putin's visit to Riyadh underscores the deepening economic and diplomatic relations between the two countries.

    Putin's extended one-on-one dialogue with the Saudi Crown Prince Mohammed bin Salman covers bilateral and regional topics.

  • Palestinians in Gaza living in utter, deepening horror: UN rights chief

    "Civilians in Gaza continue to be relentlessly bombarded by Israel and collectively punished -- suffering death, siege, destruction and deprivation...

    The UN official said 1.9 million of the Palestinian enclave's 2.2 million people had been displaced and were being pushed into overcrowded and unhealthy conditions of South Gaza

    The official added he was gravely concerned by "dehumanizing and inciteful statements" made by current and former Israeli officials, as well as Hamas figures

  • Russia, UAE boost energy relations, explore new JVs

    The two countries strengthen their partnership, discussing the use of Russian equipment in UAE's energy projects during Putin's significant visit...

    Russia and UAE strengthen their partnership, discussing the use of Russian equipment in UAE's energy projects during Putin's significant visit to Abu Dhabi.

    The Russian President praises the UAE's successful hosting of COP28 and the strengthening of cultural and humanitarian connections.

  • Blinken, Wang discuss Gaza war in phone call

    Beijing, China - The US Secretary of State Antony Blinken and China's Foreign Minister Wang Yi on Wednesday spoke over the...

    Blinken discussed his recent travel in the Middle East and US diplomatic efforts in the region with Wang

    He also underscored that the recent Houthi attacks against commercial vessels in the Red Sea

  • Got to have faith: religion finds its moment at COP28

    Organizers say the Faith pavilion is supporting progress toward an ambitious pact to limit global warming, that also ensures financial...

    Organizers say more than 300 faith leaders from all major religions and traditional beliefs are expected to participate in the pavilion during the two-week-long conference

    Faith leaders issued an interfaith statement in support of reducing and eventually exiting fossil fuels - a flashpoint issue at the conference overseen by an Emirati oil executive

  • EU seeks agreement on world’s first AI law

    European Commission, the EU's executive arm, first proposed an AI law in 2021 that would regulate systems based on the...

    Negotiators from EU Parliament and EU member states will meet on Wednesday from 1400 GMT, with talks expected to last into the evening

    Although there is no real deadline, senior European Union figures have repeatedly said the bloc must finalize the law before the end of 2023

  • Israeli attack on Lebanon kills soldier, wounds three

    The Lebanese army in a statement said that its position was targeted by the "Israeli enemy" on the southern border....

    Acknowledging the attack on Lebanon, Israel said that it had targeted a Hizbollah position

    At least 110 have been killed on the Lebanese side since October, mostly Hizbollah fighters

  • Putin senses reviving fortunes as front holds, West frays

    Warsaw, Poland - As Vladimir Putin touches down in the Middle East later on Wednesday for visits to the UAE...

    A much-touted Ukrainian counteroffensive that was once expected to carve through Russian lines has stalled, oil revenue is rebounding

    Russia's front line has largely repelled Ukraine's counter-offensive, launched with billions of dollars worth of Western arms