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Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.
  • Turkey and Qatar reject ‘double standards’ in Gaza response

    Qatar's top diplomat Mohammed bin Abdulrahman Al-Thani said the two governments -- both Western allies -- "reaffirm our complete rejection...

    The Qatari minister said the only way to restore peace in and around Gaza was to keep channels of communication open.

    He said Doha and Ankara would continue to coordinate with each other and regional partners to de-escalate the conflict.

  • UN warns Gaza fuel shortage will stop aid work as death toll mounts

    Israeli strikes have now killed more than 6,500 people in Gaza, a rise of over 700 since Tuesday, according to...

    Israel has refused to allow fuel shipments into Gaza, fearing Hamas will use it for weapons and explosives and accusing the militant group of stockpiling supplies in large tanks

    Aid groups warned that more people will die if medical equipment, water desalination plants and ambulances stop running in Gaza, where the only power plant went offline weeks ago

  • Turkish President Recep Tayyip Erdogan stunned fellow NATO leaders when he asked EU to consider Turkiye's inclusion into the European group.

    Erdogan cancels Israel visit, says Hamas not terrorists but liberators

    Erdogan had taken a more measured tone in the first day of war, condemning all attacks against civilians and urging...

    He doubled down on Wednesday, telling ruling party lawmakers in parliament that Turkey "never approved the atrocities being committed by Israel".

    He told his party that Turkey had "no problem with the Israeli state" but could not accept its "disgusting and brutal attacks" on Gaza.

  • More than 100 Palestinians killed by Israelis in West Bank

    In the latest violence, four Palestinians were killed in Jenin and one in Qalqilya, both in the northern West Bank....

    Violence had already spiraled in the West Bank before the Gaza war, with the highest death toll in the Palestinian territory since at least 2005.

    Many of the Palestinian deaths came in raids by Israeli troops but there has also been a rise in clashes between Palestinians and Israeli settlers.

  • Gaza has experienced 16 years of de-development: UNCTAD

    "The economic consequences of the current and ongoing humanitarian crisis in Gaza are impossible to determine," Richard Kozul-Wright, the director...

    UNCTAD said that unemployment was at 45 percent in the Gaza Strip and 13 percent in the West Bank, with women and young people affected the most.

    In Gaza, real GDP per capita was 11.7 percent below the 2019 level and close to its lowest level since 1994, the UNCTAD report said.

  • Geopolitical conflicts pose biggest risk to global economy: Ajay Banga

    The World Bank President expressed deep concern over the widening wealth gap, while calling for more action on gender equality...

    Countries around the world need to do more in terms of gender equality and women's rights, he said.

    Saudi Arabia has done very well when it comes to creating jobs for women and working toward women's rights.

  • With Mideast crisis, Russia and China hope to turn tables on US

    The Chinese and Russian reprimands ring hollow for US officials, who doubt the rival powers will engage in painstaking diplomacy...

    In comments likely aimed at consumption in the Islamic world, Russia has accused the United States of escalating the conflict through military reinforcements

    China and the United States have both sought diplomatic advantage in the crisis, including through a call between Blinken and Chinese Foreign Minister Wang Yi

  • Iran and Saudi ties effective in solving regional issues: Raisi

    Tehran, Iran--Iran's President Ebrahim Raisi believes the expansion of ties between Tehran and Riyadh will be effective in strengthening regional...

    He made the comments during a meeting with Abdullah bin Saud Al-Anzi, the newly appointed Saudi ambassador to Iran

    The new ambassador said the relations between Saudi Arabia and Iran are very strong because of commonalities between them

  • Stocks surge on China spending plan as oil prices retreat

    Traders tracked a rally on Wall Street that was helped by a strong set of earnings from big-name firms including...

    Hong Kong was the stand-out performer Wednesday, jumping more than two percent

    Traders were aware that the crisis in the Middle East could spiral out of control at any minute

  • Israel bombs Syria’s ‘military infrastructure’ in air raids

    According to the Israeli Defense Forces (IDF), its jets hit military infrastructure and mortar launchers of the Syrian Army in...

    According to Syrian state media, Israeli strikes on Sunday put Syria's two main airports out of service

    Earlier in the month, Israeli strikes targeted Aleppo airport, wounding five people, a war monitor reported