EU gives accent to landmark rules on artificial intelligence
Brussels, Belgium - The European Union's 27 member states on Friday approved landmark rules on reining in artificial intelligence, passing a key last hurdle after tough negotiations to the very end. Brussels first proposed an AI law in 2021 but spent most of last year racing to greenlight the draft text after...Deutsche Bank to slash 3,500 jobs
The bank said it would buy back shares and pay dividends.Norway warns of consequences over UNRWA funding cut
"We urge fellow donor countries to reflect on the wider consequences of cutting their funding to UNRWA," Norwegian Foreign Minister Espen Barth Eide said in a statement to AFP. "UNRWA is a vital lifeline for 1.5 million refugees in Gaza," he said, adding that "to avoid collectively punishing millions of...Over 70 percent of musicians fear AI, says French-German study
PARIS, FRANCE - More than two-thirds of musicians fear that artificial intelligence will make it impossible to make a living, according to a study by French and German music societies published on Tuesday. Based on a survey of over 15,000 people in the industry, France's Society of Authors, Composers and Music...Iran puts three satellites simultaneously into orbit
Western governments including the United States have repeatedly warned Iran against such launches, saying the same technology can be used for ballistic missiles, including ones designed to deliver a nuclear warhead. Iran has countered that it is not seeking nuclear weapons and that its satellite and rocket launches are for...European Union probes Lufthansa’s proposed ITA Airways stake
The European Commission said it had "preliminary concerns that the transaction may reduce competition in the market for passenger air transport services on several short-haul and long-haul routes in and out of Italy".NATO to buy ammunitions worth $1.2 billion amid Ukraine war
The latest deals -- signed with French firm Nexter and Germany's Junghans Microtec -- are estimated by officials to cover around 220,000 shells and deliveries to NATO members will start at the end of 2025.Bayer to cut jobs in Germany
The slashing of jobs follows huge third-quarter losses.Counterfeit products cost Europe $13 billion, 200,000 jobs a year
Paris, France - Counterfeit products -- mainly clothes -- cost the European economy 16 billion euros a year and result in nearly 200,000 lost jobs, the EU's Intellectual Property Office said Tuesday. The findings, based on data from 2018 to 2021, show that fakes take the biggest toll on the clothing...Stock markets: Germany drags Europe down, Tokyo rises again
In Asia, Tokyo rose for a sixth successive day to build on last week's advances, which saw the Nikkei break above 35,000 points for the first time since 1990 thanks to a revival of Japanese inflation and a weaker yen that helps exporters.Germany resumes arms exports to Saudi Arabia after 5 years
Berlin has loosened its stance on weapons exports to the kingdom recently, with the government praising Saudi Arabia's "constructive approach" in the Israel-Hamas war. Saudi Arabia had not renounced plans to normalize relations with Israel since the beginning of its war with Hamas, Foreign Minister Annalena Baerbock noted Sunday.Rolls-Royce makes record deliveries
It delivered 6,032 cars in 2023, the highest in its 119-year history.Germany ready to sell Eurofighter jets to Saudi Arabia: minister
"We do not see ourselves, as the German federal government, opposing British considerations on other Eurofighter (sales)," Baerbock told journalists on a trip to Israel, in which she highlighted the Saudi role in the Middle East security crisis since the eruption of the Israel-Hamas war on October 7.Gaza focus of German foreign minister’s upcoming Middle East tour
Annalena Baerbock will hold talks with Israel's new Foreign Minister Israel Katz, as well as President Isaac Herzog, foreign ministry spokesman Sebastian Fischer told a regular press conference on Friday. She will also meet with Palestinian Authority president Mahmud Abbas and foreign minister Riyad al-Maliki.Turkey detains 56 high-priority suspects wanted by 18 countries
The detained people were wanted in the United States, Germany, India, and several former Soviet republics as well as other parts of Asia and the Middle East.79% UAE employees think digital skills crucial for success
Dubai, UAE – About 79 percent of UAE employees believe digital skills are crucial for business success, and 84 percent feel that new technologies are empowering them to reach their potential, according to a latest ServiceNow survey . The survey, which included over 5,500 working adults from the UAE, France,...Plan to end e-vehicle subsidies sparks anger in Germany
BERLIN, GERMANY - The German government on Sunday faced a backlash after abruptly ending an electric car subsidy scheme in a blow to the already struggling automotive industry. The scheme is one of the casualties of a budget crisis caused by a shock constitutional court ruling in November that upended the...Germany to stop accepting imams from Turkey
BERLIN, GERMANY - Germany will stop accepting imams sent from Turkey and instead train the Muslim clerics on home soil in a bid to encourage integration, the interior ministry said on Thursday. An agreement has been reached with the Turkish-Islamic umbrella group DITIB to phase out foreign imams and train 100...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 chairing a meeting of EU foreign ministers. He said the EU was also "alarmed by the violence in the West Bank by extremist settlers" and condemned the Israeli government's decision...Bosch to cut 1,500 jobs
The firm said the cuts will be completed by the end of 2025.Iran says reviving nuclear deal ‘useless’
Tehran, Iran - Iran said on Saturday that attempting to revive its landmark nuclear deal with world powers that was effectively scrapped by former US president Donald Trump was increasingly "useless". "Today, the more we advance, the more the JCPOA becomes useless," Foreign Minister Hossein Amir-Abdollahian said in a speech to...Volkswagen to reduce workforce
Volkswagen has some 675,800 employees worldwide.$656 million committed to Loss & Damage Fund so far
The fund will be housed in the World Bank for four years, a decision accepted by developing nations despite concerns about the institution's Western-dominated structure.Saudi, Turkey, Egypt among 16 nations viewing climate change as top concern
Riyadh, Saudi Arabia: Around 80% of consumers surveyed across 16 countries now view climate change as the world’s No. 1 challenge, a recent research conducted by GSMA Intelligence with support from Huawei, revealed. The countries include Saudi Arabia, Turkey, Egypt, South Africa, Argentina, Brazil, France, Germany, Indonesia, Italy, Japan, Pakistan,...Germany says raided homes of Hamas supporters
Germany on November 2 banned Hamas and Samidoun. According to official figures, Germany hosts an estimated 450 members of Hamas, proscribed as a "terrorist" organization by the European Union, the United States and Israel. The ministry said that while Hamas members had not staged "violent action" in Germany so far,...Palestinian issue has only two-state solution: Erdogan
Ahead of his trip to Germany, Erdogan ramped up his verbal attacks against Israel, calling it a "terror state" and alleging the West was "trying to exonerate the murderers". In Berlin, Erdogan denied that his attacks against Israel were anti-Semitic, saying that he had "fought against anti-Semitism.Germany, Turkey leaders hold divergent views on Israel-Hamas war
BERLIN, GERMANY - Germany and Turkey's leaders traded barbs on Friday over Israel's war on Hamas, with Frank-Walter Steinmeier stressing the country's right to exist while Recep Tayyip Erdogan demanded an end to Israel's military operation. Turkey’s President Erdogan is on a highly controversial visit to staunch Israel defender Germany, made...Siemens posts record profit
Its shares rose over 6 percent on the Frankfurt Stock Exchange.Erdogan calls Israel a ‘terror state’ before his Germany visit
ANKARA, TURKEY - Turkish President Recep Tayyip Erdogan on Wednesday called Israel a "terror state", stepping up his condemnation of the spiralling civilian toll of its war against Hamas in Gaza. Erdogan's latest -- and one of the most heated -- verbal attacks against Israel came two days before he plans...Denmark, Netherlands top destinations for remote working: Report
Davos, Switzerland -- Denmark, the Netherlands, and Germany have emerged as the leading countries for remote working, offering the best combination of cybersecurity, economic stability, infrastructure, and social safety, the latest Global Remote Work Index 2023 said. The index, which evaluates 108 countries, is a crucial tool for remote workers...Erdogan calls for pressure on US to stop Israel’s Gaza onslaught
Erdogan returned from a summit on Saturday of Arab and Muslim leaders in the Saudi capital Riyadh, which condemned Israeli forces' "barbaric actions" in Gaza without approving concrete punitive measures. He is due to visit Germany on Friday and plans to travel to Egypt and host Iran's president in the...Jordan signs two deals worth $140m for water sector development
Amman, Jordan - Jordan's government has signed two deals with the German KfW Development Bank to secure a financial package totaling $140 million to develop its water sector. The deal was signed between Jordanian Minister of Planning and International Cooperation Zeina Touqan, and the German Minister of Economic Cooperation and...Bayer to cut management jobs
The company recently reported a net loss of US$4.9bn in Q3.European Euclid space telescope unveils first images
Darmstadt, Germany - The first images from Europe's Euclid space telescope were released on Tuesday, showing a nebula resembling a horse's head, never-before-seen distant galaxies and even "circumstantial evidence" of elusive dark matter. Euclid blasted off in July on the world's first-ever mission aiming to investigate the enduring cosmic mysteries of...AI to contribute in enhancing low-emissions development
BONN, GERMANY - Artificial intelligence (AI) can make substantial contributions to climate-resilient and low-emissions development. UN Climate Change’s Initiative on Artificial Intelligence for Climate Action (#AI4ClimateAction) explores the role of AI as a powerful tool for advancing and scaling up transformative climate action in developing countries. In line with the...Thousands rally in Berlin to support Palestinian civilians
Berlin, Germany - Thousands took to the streets of Berlin on Saturday in solidarity with Palestinians in Gaza amid ongoing bombardments by Israel after the deadly Hamas attack on its territory on October 7. "We estimate the number of demonstrators at around 3,500, but more are arriving," a police spokeswoman told...Lufthansa Q3 profit $1.3bn
38 million passengers travelled with the group's airlines in the third quarter.DEWA discusses cooperation in renewable energy with German delegation
Dubai, UAE-- Dubai Electricity and Water Authority (DEWA) has held discussions with a delegation from Germany on how to boost cooperation in clean and renewable energy. In this regard, Saeed Mohammed Al Tayer, MD and CEO of DEWA), received a high-level delegation from the German region of Lusatia, led by...Positive trial for Pfizer-BioNTech Covid-flu jab
Berlin, Germany - Germany's BioNTech and US pharmaceutical giant Pfizer on Thursday announced "positive" results from initial trials of their combined mRNA vaccine against Covid-19 and influenza. Phase one and two trials of the vaccine had produced "robust immune responses" against both illnesses and showed a "safety profile consistent with the...7,000 Palestinians killed in 20 days of Israeli bombardments: Ministry
Hamas released a list of around 7,000 names of people in Gaza it said had been killed in Israeli strikes. The list was produced a day after US President Joe Biden said he had "no confidence" in the militant group's death toll figures. Israel says 1,400 people were killed in...Deutsche Bank profit down
Its net profit for the third quarter dropped to US$1.09bn.Biden discusses Mideast war with Western allies: White House
The White House statement the Western leaders voiced commitment to coordinate "to ensure sustained and safe access to food, water, medical care, and other assistance required to meet humanitarian needs." They also pledged close diplomatic coordination "to prevent the conflict from spreading, preserve stability in the Middle East, and work...Mediation will lead to Hamas hostage releases very soon: Qatar
Berlin, Germany--Qatar, a key power in the efforts to release hostages seized by Hamas from Israel, believes they can be released "very soon" thanks to ongoing discussions, a Qatari Foreign Ministry spokesman told the German Welt am Sonntag newspaper Saturday. Doha's mediation played a key role in the release on Friday...Volkswagen revenue up
The automaker made sales to the tune of US$83.5bn in Q3.Thousands rally in support of Gaza across Egypt, says media
CAIRO, EGYPT – Tens of thousands of protesters rallied across Egypt in support of war-torn Gaza on Friday, with large crowds flooding into Cairo's iconic Tahrir Square, an AFP correspondent and Egyptian media said. The correspondent said several thousand packed into Tahrir Square, the epicenter of the 2011 uprising that toppled...No suspension for Mazraoui over Gaza post, says Bayern Munich
Berlin, Germany - Bayern Munich on Friday said defender Noussair Mazraoui would not be suspended, after a probe into the Moroccan player over his social media posts on the Israel-Hamas conflict. In the wake of the deadly attack on Israel by Hamas, Mazraoui had put up several pro-Palestinian posts, including one...Arab groups quit German Book Fair after Palestinian author row
Frankfurt, Germany - The postponement of a Palestinian author's award ceremony at the Frankfurt Book Fair due to the Israel-Hamas conflict triggered condemnation Monday from high-profile authors, while several Arab publishing groups withdrew. The annual fair is the world's biggest publishing trade event, bringing together thousands of book industry players and...Birkenstock to list on NYSE
The German sandals maker has set its share price at $46.World economy resilient, says IMF; keeps growth forecast unchanged
The IMF kept its 2023 global growth forecast unchanged but warned that the economy is "limping along" as inflation remains high and the outlooks for China and Germany were downgraded. The IMF's updated World Economic Outlook still sees growth of 3.0 percent for this year but it cut its forecast...Israel imposes total siege on Gaza after Hamas attack
Israel imposed a total siege on the Gaza Strip and cut off the water supply as it kept bombing targets in the Palestinian enclave in response to the Hamas surprise assault it has likened to the 9/11 attacks. Israel has counted over 700 dead and launched strikes on Gaza that...



















































