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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.
  • Act now as climate crisis has reached critical point

    "Renewable energy is key to our planet's future. It's time to phase out fossil fuels and embrace sustainable solutions. The...

    Earth's vital signs are failing with record emissions and extreme weather events, signaling a climate emergency.

    UN makes an urgent call for global leaders to prevent a planetary catastrophe by meeting Paris Agreement goals.

  • Act now as climate crisis has reached critical point

    "Renewable energy is key to our planet's future. It's time to phase out fossil fuels and embrace sustainable solutions. The...

    Earth's vital signs are failing with record emissions and extreme weather events, signaling a climate emergency.

    UN makes an urgent call for global leaders to prevent a planetary catastrophe by meeting Paris Agreement goals.

  • COP28 puts spotlight on state oil giants

    Western energy firms are the usual suspects when it comes to criticism about the sector's role in climate change, but...

    National oil companies, or NOCs, "account for more than half of global production and close to 60 percent of the world's oil and gas reserves," the IEA said

    NOCs and the oil majors - which include BP, Chevron, ExxonMobil, Shell and TotalEnergies - will all be "critical to efforts to achieve net zero" emissions by 2050

  • Israel resumes military operations in Gaza as truce expires

    The resumption of fighting dashed hopes for an extension of a seven-day truce that had seen dozens of hostages freed...

    "Hamas violated the operational pause, and in addition, fired toward Israeli territory," the Israeli military said

    Inside Gaza, an AFP journalist said Israeli warplanes carried out a series of strikes, and reported artillery fire in Gaza City

  • Israel releases 30 Palestinian civilians in latest exchange

    The truce agreement between Israel and Hamas stipulates that a minimum of 10 Israeli hostages should be released alive each...

    The civilians -- including 23 minors and seven women -- were released hours after eight Israeli hostages were freed by Hamas

    Since the truce came into force on November 24, the agreement has resulted in the freeing of 110 hostages, including 80 Israelis

  • Europe to splurge record $295bn on military in 2023, says official

    Moscow's all-out invasion of Ukraine in 2022 provided Europe with a wake-up call that it needed to pump more into...

    The European Defense Agency (EDA) said six countries had increased their spending by over 10 percent in 2022.

    "Our armed forces must be ready for a much more demanding era," said EU foreign policy chief Josep Borrell.

  • EU agree draft rules to protect journalists from abusive lawsuits

    European Commission president Ursula von der Leyen said on X, formerly Twitter, that she welcomed the agreement to "protect those...

    The Strategic Lawsuits Against Public Participation (SLAPPs) are aimed at intimidating critics with burdensome legal action

    The new rules would allow a person targeted by a SLAPP lawsuit to request a rapid rejection by the courts

  • MoHRE asks over 12,000 private firms to meet Emiratization targets

    DUBAI, UAE – The Ministry of Human Resources and Emiratization (MoHRE) has notified over 12,000 private companies with 20-49 workers...

    Companies with 20-49 workers will be required to hire one UAE national in 2024 and another one in 2025.

    This step is expected to create around 12,000 jobs annually for UAE nationals in 2024 and 2025 in various sectors.

  • Debt Settlement Fund waives default loans worth over US$107m in UAE

    DUBAI, UAE - The Citizens Debts Settlement Fund announced the exemption of 1,244 citizens from their debts with a total...

    The settlement of debts is subject to specific and strict laws and standards regarding the quality of loans and their areas of expenditure.

    Officials of banks, financial institutions and national companies expressed their pleasure and pride in taking part in this national initiative.

  • Henry Kissinger, singular US diplomat, dead at 100

    Kissinger's family would hold a private funeral, with a memorial service to take place later in New York, where Kissinger...

    Kissinger, arguably the most identifiable secretary of state in modern times, died at his home in Connecticut, announced Kissinger Associates

    Kissinger was awarded the Nobel Peace Prize for negotiations to end the Vietnam War, even though the conflict did not immediately end