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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.
  • US police look into ‘hate crime’ after Palestinian students shot

    The shooter, who is still on the loose, was described by police as "a white man with a handgun." The...

    A police statement said two of the victims were in stable condition, and the third suffered "much more serious injuries"

    Bernie Sanders, the independent Vermont senator, called the attack "shocking and deeply upsetting"

  • China FM to visit New York for UN talks on Israel-Hamas conflict

    Beijing, China--China's top diplomat Wang Yi will visit New York this week to hold a United Nations Security Council meeting on...

    China, according to its foreign ministry, will hold a high-level meeting on the Palestinian-Israeli issue on November 29

    Beijing welcomed a truce between Israel-Hamas, which began Friday and led to dozens of hostages being freed

  • Tens of thousands of Moroccans in pro-Palestinian demo

    The fledgling rapprochement between the North African country and Israel had made steady progress since 2020 when the two governments...

    Journalist reported Sunday that demonstrators in Casablanca waved Palestinian flags and demanded that Rabat suspend ties with Israel

    Pro-Palestinian demonstrations had declined in recent years in Morocco, but have surged since the Gaza war broke out

  • Musk to meet Israeli president, hostage families

    Musk, owner of X, formerly known as Twitter, has come under fire over what critics say is a proliferation of...

    Herzog's office said the meeting would be joined by "representatives of families of hostages held by Hamas, who will speak about the horrors of October 7"

    "In their meeting, the President Isaac Herzog will emphasize the need to act to combat rising antisemitism online," Herzog's office said.

  • Biden to miss COP28 climate summit: US official

    Some 70,000 people including national leaders and Pope Francis are expected at COP28 as it opens Thursday, in what could...

    A US official confirmed that Biden was not planning to attend COP28 this week or during a second window close

    The official said the Biden administration was still discussing whether to send a top-level official to Dubai

  • Biden, Netanyahu, Hamas positive on possible extension of truce in Gaza

    The pause that began Friday has seen dozens of hostages freed, with over 100 Palestinian civilians released by Israel in...

    Netanyahu said that he had discussed the release of another group of hostages from the Gaza Strip with the US President

    Hamas also said it was willing to extend the pause after it freed more hostages, including a four-year-old orphaned by its attack

  • Crew of Israel-linked tanker seized off Yemen ‘safe’: US official

    A US defence official told a media outlet that an unknown number of "unidentified armed individuals" seized the M/V Central...

    A US defense official said US and coalition forces responded to the emergency aboard the tanker

    The Houthis have launched a series of drone and missile strikes targeting Israel since the October 7 attack

  • Global food-security crisis nudges GCC to look inward

    Billions of dollars are being invested into ventures to grow food in the GCC to make the arid, hot region...

    The region is pouring investments into food manufacturing projects, such as dairy products, meat, poultry, fish, fruits, vegetables, and processed foods

    The GCC governments have devised measures to support local farmers, with much of the focus on local farms and investments in farms outside the Middle East

  • Hamas frees more captives in Gaza as truce extension mooted

    Hamas released a third group of hostages including a four-year-old American girl with more Palestinian prisoners set to be freed...

    The exchanges under a four-day ceasefire that started Friday have been the first relief for captives' families.

    United States President Joe Biden announced that the 13 released included a four-year old American girl..

  • 56% Saudi consumers willing to pay premium for green transportation

    Riyadh, Saudi Arabia -- An overwhelming 80 percent of consumers across 16 diverse nations now identify climate change as the...

    An overwhelming 80 percent of consumers across 16 diverse nations now identify climate change as the foremost global challenge.

    60 percent of respondents in Saudi Arabia conveyed their readiness to accept a lower salary if it meant working for an organization committed to reducing its carbon footprint.