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Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.
  • UAE vows full backing for GCC economic integration by 2025

    Dubai, UAE - The United Arab Emirates (UAE) has reaffirmed its commitment to advancing the economic integration of the Gulf...

    The UAE Minister of Economy Abdulla bin Touq Al Marri, Minister Bin Touq called for developing the mechanisms of economic integration within the GCC

    The UAE urged finalization of the customs union, the establishment of a common GCC market, and the utilization of AI to bolster developmental endeavors

  • Fresh fighting rocks south Lebanon Palestinian camp

    The United Nations' agency for Palestinian refugees (UNRWA) had warned last week that armed militants were occupying its schools in...

    The fighting in the Ain al-Helweh camp once again pitted members of Palestinian president Mahmud Abbas's Fatah movement against Islamist militants

    Dozens of families with women and children were fleeing from the camp's northern end where the clashes were concentrated, the AFP correspondent said

  • US, Saudi, India, UAE eye railway accord at G20 summit: report

    New Delhi, India - President Biden, along with the leaders of India, Saudi Arabia, and the United Arab Emirates (UAE),...

    The initiative aims to establish a comprehensive railway network connecting the Gulf and Arab nations while also facilitating connections to India

    The primary objective of this project is to strengthen the US presence and influence in the Middle East, especially as China's role in the region grows

  • Expansion may offer limited economic boost to BRICS

    The anticipated inclusion of six nations into BRICS, including Saudi Arabia and UAE, is expected to ease tensions among them,...

    The anticipated inclusion of six nations into BRICS, including Saudi Arabia and UAE, is expected to ease tensions among them, and foster increased bilateral collaboration

    After expansion, the bloc will represent 30% of global GDP, 45% of the population, control 80% of oil production, and account for 16% of global trade by next year

  • Saudi crown prince says ready for economic partnership with BRICS

    DUBAI, UAE – Saudi Arabian Crown Prince Mohammed bin Salman in a telephonic conversation with Russian President Vladimir Putin has...

    The Russian president and the Saudi crown prince discussed the outlook for BRICS expansion.

    The two leaders reviewed cooperation between the two countries within the OPEC+ agreement framework.

  • Lebanese army blocks entry of 1200 Syrian migrants

    Millions of Syrians have fled abroad since their country's civil war broke out in 2011 following the government's repression of...

    It had announced on August 23 that it turned back 700 Syrians attempting to enter the eastern Mediterranean country irregularly.

    Lebanon, which has been mired in a crippling economic crisis for more than three years, says it hosts nearly two million Syrians.

  • Turkey to showcase market-friendly turn at investment roadshow

    inance Minister Mehmet Simsek told reporters he would then travel to New York and European economic powerhouses Germany and Britain...

    The Merrill Lynch veteran's attempt to talk up his reforms were boosted by a World Bank announcement that it was looking to boost its commitment to Turkey from $17bn to $35bn.

    Turkey suffered a lira crash in 2021 that set prices spiraling by 85% over a year when Erdogan forced the central bank to slash the interest rate far below that of inflation.

  • UN calls for age limits for AI tools in schools

    The UN's education body UNESCO warned that public authorities were not ready to deal with the ethical issues of rolling...

    A UNESCO official said AI can be a tremendous opportunity for human development, but it can also cause harm and prejudice"

    UNESCO guidance said AI tools have the potential to help children with special needs, act as an opponent in "Socratic dialogues"

  • EU asks Turkey to address democracy before membership

    EU chief Charles Michel said last month that the bloc should get ready to admit new members from eastern Europe...

    Ankara secured a pledge from Brussels to resurrect stalled membership negotiations in exchange for lifting its blockade of Sweden's drive to join NATO.

    But Ankara accuses Brussels of never seriously considering membership for what would be the largest majority-Muslim nation of the 27-nation bloc.

  • 2023 likely to be hottest year in human history, says EU climate monitor

    "2023 is the year that climate records were not just broken but smashed," said Mark Maslin, a professor of climatology...

    The average global temperature in June, July and August was 16.77 degrees Celsius (62.19 degrees Fahrenheit), surpassing the previous 2019 record of 16.48C.

    "The three months that we've just had are the warmest in approximately 120,000 years, so effectively human history," C3S deputy director Samantha Burgess told AFP