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Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.
  • Digitalization has high environmental costs, says UNCTAD meet

    DUBAI, UAE - With global attention on the COP28 climate summit, UNCTAD’s eWeek 2023 highlighted digitalization’s potential to accelerate climate...

    Data-driven technologies like the Internet of Things, robotics and artificial intelligence can enhance climate change monitoring.

    The digital transformation has left its mark on the planet through raw material depletion, energy and water use, pollution and waste.

  • Middle East leaders grapple with post-war Gaza challenges at Doha

    At the annual Doha Forum that ended Monday, Qatar reiterated that no Arab country would send in forces to stabilize...

    Jordan's Prime Minister Bisher Khasawneh warned that failure to deal with "the day after" the war would mean "uglier scenes in a year or two".

    However, concrete policies were lacking at the forum, which did not include high-level representatives from Saudi, Lebanon and Egypt.

  • WHO says Palestinian patient died due to lengthy Israeli checks

    The chief of WHO said the convoy was stopped twice at the Wadi Gaza checkpoint on the way to northern Gaza...

    WHO chief Tedros Adhanom Ghebreyesus did not say in his message who carried out the checks, but a WHO spokesman told AFP they took place at an Israeli army checkpoint.

    The UN estimates 1.9 million of the territory's 2.4 million people have been displaced by the war, half of them children.

  • Global trade likely to decline in 2023 due to changing trade patterns, geopolitics

    DUBAI, UAE - The outlook for 2024 remains “highly uncertain and generally pessimistic,” UNCTAD says in the Global Trade Update,...

    Other elements affecting trade include lower demand in developed countries, less trade in East Asia and an uptick in trade-restrictive measures.

    The elements also include an uptick in trade-restrictive measures and lengthening supply chains, particularly between China and the US.

  • Gaza destruction worse than in World War II Germany: EU’s Borrell

    Israel's military response to Hamas's October 7 attacks has resulted in "an incredible number of civilian casualties", Borrell said after...

    "The destruction of buildings in Gaza... is more or less or even greater than the destruction suffered by the German cities during the World War II," taken proportionally, he said.

    He said he had presented a discussion paper to the EU foreign ministers looking at "imposing sanctions against extremist settlers in West Bank".

  • Additional border crossing to examine Gaza aid, says Israel

    International aid organizations have struggled to get supplies to desperate Gazans under Israeli bombardment, with only the Rafah crossing in...

    Israel said on Monday that no new direct crossings will be opened

    The additional checkpoint will screen "trucks containing water, food, medical supplies"

  • Israeli forces kill 4 Palestinians in West Bank: ministry

    The ministry did not provide further details on the fatalities, while the Palestinian Red Crescent Society said they were killed...

    Israeli forces "continue to storm Jenin camp and ambulance crews are prevented from entering to deal with medical cases," the Red Crescent said

    There was no immediate comment on the killings from the Israeli military, which has occupied the West Bank since the 1967 Arab-Israeli War

  • Houthi missile hits Norway-flagged tanker off Yemen: CENTCOM

    US warships patrolling the Red Sea have shot down Houthi missiles and drones several times since the militants began the...

    The night-time attack occurred as the chemical tanker passed through the Bab-el-Mandeb, the strait between Yemen and northeast Africa

    The attack is the latest escalation from the Houthis in Yemen, who have increasingly targeted ships off the coast with missiles and drone attacks

  • UN assembly moves past Security Council to take lead on Gaza

    With calls for a ceasefire multiplying, "it is safe to assume that the majority will be greater" this time, Richard...

    The US, one of only five permanent members of the Security Council, used its veto on Friday to halt a draft text calling for a ceasefire, the latest sign of impasse

    UN Secretary-General Antonio Guterres has warned of a looming "complete breakdown of public order" in the besieged Gaza Strip

  • Netanyahu’s political survival at stake amid Gaza crisis

    Israeli PM confronts one of the most challenging periods of his tenure as it intensifies military actions in Gaza amid...

    Israeli PM confronts one of the most challenging periods of his tenure as it intensifies military actions in Gaza amid mounting casualties and a deepening humanitarian crisis.

    Critics are questioning Netanyahu's strategies and political maneuvers, both domestically and in the context of the Israeli-Palestinian conflict.