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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.
  • Oil slides, stocks rise as Iran-Israel ceasefire holds

    The main international and US oil contracts briefly bounced off their lows as Israel and Iran accused each other of...

    Prices were also brought down by Trump saying that China could continue to buy oil from Iran, in what appeared to be relief from sanctions Washington had previously imposed.

    There was also relief that Iran has refrained from closing the strategic Strait of Hormuz, a chokepoint for about one-fifth of the world's oil supply.

  • Iran says not seeking nuclear weapons but will assert ‘legitimate rights’

    As a fragile ceasefire with Israel took hold after 12 days of fighting that also included US strikes, Pezeshkian told...

    The war between the longtime regional foes saw Israel strike Iranian nuclear facilities and killed nuclear scientists and the country's top military brass.

    On Sunday, Israel's ally the United States launched unprecedented strikes of its own on Iranian nuclear facilities at Fordo, Isfahan and Natanz.

  • Pro-Palestinian protest leader details 104 days spent in US custody

    Mahmoud Khalil, one of the most prominent leaders of pro-Palestinian protests on US campuses, recounted his experience surviving 104 days...

    Khalil, a legal permanent resident in the United States who is married to an American citizen and has a US-born son, had been in custody since March facing removal proceedings

    "I shared a dorm with over 70 men, absolutely no privacy, lights on all the time," the 30-year-old said Sunday on the steps of Columbia University, where he was a graduate student

  • NATO summit seeks to keep Trump happy – and alliance united

    From meeting his spending demand to limiting the participation of Ukraine's President Volodymyr Zelensky, everything is being done to try...

    The overriding focus of the gathering - which kicks off with dinner hosted by the Dutch king - has been on keeping Trump happy after his return to power

    From meeting his spending demand to limiting the participation of Ukraine's President Zelensky, everything is being done to avoid chances of confrontation with volatile leader

  • ‘Unidentified’ drone hits Baghdad base: Iraq security officials

    An "unidentified" drone struck a military base in Baghdad early Tuesday while another fell in the west of the capital,...

    The first attack hit a radar system at the Taji base, causing only material damage, a security source told AFP.

    The strikes come hours after Iran launched missiles at a US military facility in Qatar in retaliation for the American bombing

  • Trump announces phased ceasefire to end conflict, Iran offers to halt strikes if Israel stops

    The adversaries had been swapping missile fire since Israel carried out surprise "preemptive" strikes against Iran on June 13, targeting...

    Trump had said the ceasefire would be a phased 24-hour process beginning at around 0400 GMT Tuesday, with Iran halting all operations. Israel would follow suit 12 hour later

    Abbas Araghchi suggested that Iran had already halted its operation at 4am Tehran time (0030 GMT) -- and wanted a simultaneous end in attacks from Israel as well

  • Iranian ballistic missiles target US base in Qatar, the largest in Middle East

    No casualties reported in the attack that came a day after the US attacked three key nuclear facilities in Iran....
  • EU seeks Gaza progress after Israel found in breach of cooperation deal

    Brussels, Belgium -- The EU said Monday that Israel must improve the humanitarian situation in Gaza or else face possible...

    The European Union's top diplomat, Kaja Kallas, said the bloc hopes to use a review of the EU-Israel Association Agreement to pressure Israel to ease suffering in Gaza.

    The bloc last month launched an audit of the EU-Israel deal, which forms the basis for trade ties, under one of its articles calling for respect of human rights.

  • Airlines suspend or reduce flights in Middle East after Iran strikes

    British Airways cancelled flights between London's Heathrow Airport and Dubai and Doha on Sunday following the US strikes on Iran....

    Germany's Lufthansa group, whose other airlines include Swiss, Austrian and ITA, has suspended flights to the Middle East until June 30.

    Turkish airline Pegasus has scrapped flights to Iraq, Jordan and Lebanon until June 30, and Iran until July 30.

  • Oil prices seesaw as investors await Iran response to US strikes

    US stocks edged higher while European markets retreated and Asian equities were mixed, with markets keeping a close eye on...

    They later dipped briefly into the red and then wobbled, standing down around one percent as European markets closed.

    Iran is the world's ninth-biggest oil-producing country, exporting just under half of the 3.3 million barrels it produces per day.