• UK to ban foreign state ownership of British newspapers

    London, United Kingdom--The UK announced Wednesday that it plans to bar overseas governments from owning British newspapers, a move that could scupper the contentious Abu Dhabi-led takeover of the Telegraph Media Group. Stephen Parkinson, a media minister, announced in the upper-chamber House of Lords that the Conservative government would amend proposed...

  • Houthi missile attack damages British-owned ship off Yemen

    Dubai, United Arab Emirates - Yemen's Iran-backed Houthi rebels fired two missiles at a British-owned cargo ship passing through the Gulf of Aden on Thursday, causing one minor injury and damage to the vessel. The rebels, who control much of Yemen, have carried out months of attacks on merchant vessels in...

  • Lloyds Group profit is $6.2bn

    High interest rates benefitted the British lender and banking sector as a whole.

  • Yemen-based Houthis say 17 fighters killed in US strikes

    A total of 17 Houthi fighters were killed in US strikes, the Iran-backed Yemeni rebel group said through its official media. "The bodies of a number of martyrs of the nation as a result of the bombing of the American-British aggression were carried through Sanaa in a solemn funeral procession,"...

  • Law, politics hamper UK museum return of artifacts

    LONDON, UK - British museums, like others across Europe, are under pressure to return artworks taken during the colonial era, including Bronzes from Benin, royal treasures from Ghana and friezes from Greece. However, politicians have little appetite to change the legal framework that is currently blocking full restitutions by national museums,...

  • US strikes destroy two Houthi missile systems in Yemen

    Washington, US - The United States military confirmed on Thursday its forces conducted multiple strikes against Houthi missile systems as the Yemen-based rebel group prepared to launch attacks that threatened US Navy and merchant ships. Late Wednesday Sanaa time US Central Command forces "conducted self-defense strikes against two Houthi mobile anti-ship...

  • US troops destroy Houthi’s anti-ship missile in Yemen

    US forces struck an anti-ship missile in Houthi-held Yemen that they said was ready to fire, hours after the Iran-backed rebels caused a fire on a British tanker in the Gulf of Aden. US and British forces have launched joint strikes aimed at reducing the Houthis' ability to target vessels...

  • Houthis order all US, British UN staff to leave Yemen within a month

    The expulsion followed joint strikes by the United States and Britain against the Houthis aimed at ending the group's attacks on commercial shipping in the Red Sea and Gulf of Aden, threatening global trade. The United States has launched multiple further strikes and on Tuesday carried out a second set...

  • Hamas says Israeli shelling leaves 60 dead in Gaza

    Health officials in Hamas-ruled Gaza said that Israeli strikes overnight killed at least 60 people in the besieged territory, which was also grappling with a telecommunications blackout on the war's 99th day. Fears of the conflict widening intensified after US and British forces struck Houthi rebels in Yemen following attacks...

  • GSK to buy Aiolos Bio

    The focus is on an asthma medication still at the testing stage.

  • Energy companies to test CO2 capture in Brazil undersea oil field

    PARIS, FRANCE  - A consortium of Brazilian, British, French and Chinese energy firms will test new technology aimed at capturing CO2 in an undersea oilfield off Brazil in an effort to reduce emissions, TotalEnergies said on Monday. The pilot unit will separate oil from CO2-rich natural gas at the bottom of...

  • Rolls-Royce to cut 2,500 jobs

    It will cut six percent of its staff to build a leaner company.

  • Indian MPs shift to new parliament, bid adieu to British-era building

    "Today India has awakened with a new consciousness," Modi said in the central hall of the old parliament building before leading fellow legislators by foot across to the new complex. Modi's Hindu-nationalist government called a special session of parliament to match the relocation, which coincides with the beginning of a...

  • Iran court asks US to pay $330m fine for planning a coup against Tehran

    A court in Tehran has ordered the US government to pay $330 million in damages for "planning a coup" against the newly established Islamic republic in 1980, the judiciary said. A year after the 1979 Islamic revolution that toppled the US-backed Shah, a group of mostly army officers tried to...

  • BAE to acquire Ball Aerospace

    The value of the acquisition was reported to be $5.55bn.

  • Masdar investing $1.26bn in British battery storage

    London, UK - Masdar, the UAE’s renewable energy company, has committed to invest £1 billion in British battery storage, following its acquisition of Arlington Energy in October 2022.  Masdar has partnered with Octopus Energy to license its technology platform, Kraken, to manage its battery portfolio at low cost and with...

  • Aston Martin, Lucid Group sign deal

    Lucid Group to help make Aston Martin's luxury 'green' cars.

  • French advanced ship to search for missing submersible

    The Atalante has begun using its multibeam echo sounder to create a map of the nearby seabed to "allow Victor 6000 to have a more efficient dive," an IFREMER spokesperson told AFP.

  • Saudi Arabia and UK hold discussions to boost economic partnership

    London, UK-- Saudi Arabia and the UK have held discussions to boost trade and economic partnership between the two countries. The discussions were held during Saudi Arabia’s Minister of Commerce Dr. Majid Al-Qasabi visit to London, where he held a number of meetings with British ministers and leaders of major...

  • Glaxo buys Bellus for US$2bn

    Move after GSK demerged its consumer healthcare unit.

  • UBS in talks to acquire embattled Credit Suisse: report

    The Swiss National Bank (SNB) and financial markets watchdog FINMA told their US and British counterparts their "plan A" to stop the crisis of confidence facing Credit Suisse was to merge it with UBS, the FT reported Friday, citing unnamed sources. The Swiss central bank "wants the lenders to agree...

  • Masdar to invest $1.2 billion in British battery strorage tech

    Dubai, UAE—UAE’s renewable energy company Masdar will invest 1 billion pounds ($1.20 billion) in British battery storage technology, Reuters said. "We are committed... to deploy a billion pounds across the United Kingdom to accelerate the battery storage solutions," Jameel Al Ramahi told the International Energy Week conference, according to the...

  • Iran hangs former defense official for being ‘UK spy’

    Tehran, Iran--Iran on Saturday executed former top defense official and dual British national Alireza Akbari, who was accused of spying for UK intelligence, the judiciary reported. Akbari was executed after being sentenced to death for "corruption on earth and harming the country's internal and external security by passing on intelligence", the...

  • Prince Harry accuses brother William of 2019 physical attack: report

    New York, United States--Britain's Prince Harry recounts in his new book how he was physically "attacked" by his older brother Prince William during an argument in 2019, the Guardian reported Wednesday. According to the newspaper, the story of the incident appears in Harry's new memoir "Spare," which is due to be...

  • US President terms UK PM’s abandoned tax plan a “mistake”

    Reacting to British PM Liz Truss's abandoned tax cut reform, US President Joe Biden has termed it a "mistake" as the Conservative leaded went into crisis talks to hammer out a new budget plan. British tax cuts were the centerpiece of a radical economic reform announced by Truss and her...

  • Stan Chart unveils API in KSA

    The British company aims to ensure data security.

  • Qatar Airways terms Airbus a ‘bully’ as paint dispute continues

    The head of Qatar Airways on Tuesday accused plane-maker Airbus of acting like a "bully" as their billion-dollar dispute over peeling paint looked no closer to a resolution.

  • Saudi first in Arab world on Nature index for quality scientific research

    Saudi Arabia ranked first in the Arab world and 30th globally in the British “Nature” index for evaluating countries, universities and public and private institutions for quality of scientific research in 2022. The kingdom’s ranking comes from the collected data approved by the magazine based on scientific publication in the...

  • UAE is determined to disrupt organized crime: Minister of Justice

    A day after the arrest of a British national in Dubai over a $1.7 billion dividend tax fraud case in Denmark, the UAE has said it will continue to pursue people involved in financial crime. Abdullah bin Sultan bin Awad Al Nuaimi, Minister of Justice said: "International crime requires an...

  • Unilever posts rise in revenue

    The British firm reported $14.5bn revenue in Q1.

  • UN extends its Libya mission for three months

    The UN Security Council on Monday adopted a British-drafted resolution extending its political mission in Libya for just three months, after several days of a standoff between the United States and Russia.

  • Finfluencers turn to TikTok to peddle investment advice

    Across the globe, investment gurus in their 20s are building huge followings on social media.

  • Saudi British Bank posts $245m net profit in Q2, year after big losses

    A year after posting billions in losses, Saudi British Bank (SABB), an affiliate of HSBC Holdings, has posted a sizeable net profit of $245 million in the second quarter of 2021.