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TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

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.
  • Global fears spread about Mpox- How worried should you be?

    The World Health Organization (WHO) regional director for Europe warned on Thursday that Mpox could spread to other countries after Sweden confirmed the first case of infectious viral disease outside of Africa. Sweden reported the first case of the more contagious variant of Mpox outside of Africa on Thursday, just a...
  • Sweden Quran burner arrested in Norway, faces deportation

    OSLO, NORWAY – An Iraqi refugee in Sweden who stoked international outrage by repeatedly desecrating the Quran last year has been arrested in Norway and now faces deportation back to Sweden, according to court documents viewed by AFP on Thursday.Salwan Momika, a Christian Iraqi who burned Qurans at a slew of...
  • Embracer sells Borderlands

    The sale is expected to be completed by June-end .
  • Quran burner Salwan Momika says leaving Sweden for Norway

    Stockholm, Sweden - An Iraqi refugee in Sweden who stoked international outrage by repeatedly desecrating the Quran last year said Wednesday he was leaving the country for neighboring Norway after Sweden revoked his residency permit.Salwan Momika, a Christian Iraqi who burned Qurans at a slew of protests in Sweden over the...
  • The unexplained: Giant Swedish archive logs paranormal phenomena

    The Archives for the Unexplained (AFU) claims to be the world's biggest library of paranormal phenomena, with 4.2 kilometers of shelves running underground.
  • Finland to resume funding to UN agency for Palestinian refugees

    Australia, Canada and Sweden, which were among those states, announced earlier this month they were resuming aid. Ten percent of the Finnish funding will be allocated to risk management, the minister said.
  • Sweden’s gaming group Embracer divests Russian assets

    Stockholm, Sweden - Swedish gaming group Embracer, which owns the Borderlands franchise and the Tomb Raider license, announced on Thursday that it was ceasing all Russian operations through the sale of subsidiary Saber Interactive.Beacon Interactive, which is controlled by Saber Interactive co-founder Matthew Karch, will pay $247 million for the unit,...
  • Israel slams Canada, Sweden for resumption of UNRWA funding

    Canada and Sweden announced over the weekend they were resuming funding for the cash-strapped UN agency, weeks after having suspended it over Israeli accusations that several UNRWA employees were involved in the Hamas attack that triggered the ongoing war. Israel's foreign ministry called on both governments to cut funding and...
  • ‘Emphasis grows on market protection over free trade’

    "We believe that enhancing competitiveness and ensuring that the nations offering the best products and services come out on top is more crucial than those offering the largest subsidies," he says, adding that from an economic standpoint, it is widely recognized that subsidies do not lead to the desired economic...
  • GCC and Sweden look to ramp up cooperation in ‘several areas’

    Munich, Germany-- The Gulf Cooperation Council (GCC) and Sweden have discussed ways to ramp up cooperation in several areas, besides looking to enhance ties between the GCC and variou European nations.In this regard, Jasem Mohamed Albudaiwi, Secretary-General of the GCC, and Tobias Billström, Minister of Foreign Affairs of the Kingdom...
  • Spain to increase UNRWA funding after donors suspend aid

    MADRID, SPAIN -  Spain said on Monday that it would give an additional US$$3.8 million (3.5 million euros) in aid to the UN Palestinian refugee agency UNRWA, which is facing a cash crunch after several nations suspended their funding.Over a dozen countries, including major donors the United States, Germany, Britain and...
  • 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...
  • Washington approves sale of F-16 warplanes to Turkey

    US Secretary of State Antony Blinken led an intense diplomatic effort to broker the deal, telling the Turkish president three times during a trip to Ankara just after the February 2023 earthquake that there would be no planes if Turkey blocked Sweden's NATO bid, the US official said.
  • Turkey to hold parliament debate for Sweden’s NATO bid

    Sweden and Finland bids earned approval from all NATO members except Turkey and Hungary. They remain the only NATO members left to ratify Sweden's bid 19 months after it applied for membership. Sweden and Finland dropped decades of military non-alignment and sought to join the organisation after Russia invaded Ukraine...
  • 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, Germany,...
  • Spotify cuts 17% jobs

    Spotify has invested over $1 billion into podcasts alone.
  • Europe to splurge record $295bn on military in 2023, says official

    Moscow's all-out invasion of Ukraine in 2022 provided Europe with a wake-up call that it needed to pump more into defense to be able to confront the threat of its bellicose eastern neighbor.
  • Tesla sues Swedish state over strike fallout

    Stockholm, Sweden - Electric carmaker Tesla on Monday filed a lawsuit against the Swedish state over a strike by postal workers that is blocking deliveries of license plates for its new cars.Tesla is currently facing strikes on multiple fronts in Sweden over its refusal to sign a collective wage agreement for...
  • 250,000 people died in Europe due to air pollution, says agency

    Stockholm, Sweden - Fine particle pollution caused the deaths of over 250,000 people in the European Union in 2021, according to a report by the European Environment Agency (EEA) published on Friday.Fine particulate matter, or PM2.5, is a term for fine particulates that are typically the by-product of car exhausts or...
  • Northvolt says it develops new sodium-ion battery

    Stockholm, Sweden - Battery group Northvolt said on Tuesday it had developed a new sodium-ion battery, a technology using less critical minerals which could lessen dependence on China."The world has put high hopes on sodium-ion, and I'm very pleased to say that we've developed a technology that will enable its widespread...
  • Nordic countries announce deal to strengthen repatriation of refugees

    COPENHAGEN, DENMARK - Nordic migration and justice ministers on Tuesday announced a deal to strengthen efforts for migrants to return to their countries of origin, and to deport illegal residents to third countries.Denmark has spearheaded harder lines on migrants in the Nordics and stepped up initiatives to discourage immigration and put...
  • Erdogan submits Sweden’s NATO bid to Turkish parliament

    Turkey and Hungary are the only NATO members yet to ratify Sweden's membership request, which came after Stockholm dropped its long-standing policy of non-alignment last year after Russia launched its war on Ukraine. Erdogan agreed at a NATO summit in Vilnius in July to put the ratification of Sweden's membership...
  • Swedish researchers find snoozing in the morning isn’t bad

    Stockholm, Sweden - You snooze, you lose? Swedish researchers said Wednesday that might not be the case, after their study even saw some benefits for those struggling with morning drowsiness.While for many, a reach for the snooze button on the alarm clock is how most days start, researchers at Stockholm University...
  • Nobel Chemistry Prize awarded to quantum dots researchers

    The trio, whose names were leaked in the Swedish press ahead of the announcement, succeeded in producing these tiny components, that "now spread their light from televisions and LED lamps, and can also guide surgeons when they remove tumor tissue, among many other things," the jury said.
  • Trio wins physics Nobel for illuminating electrons

    France's Pierre Agostini, Hungarian-Austrian Ferenc Krausz and Franco-Swede Anne L'Huillier won the Nobel prize in physics for research using ultra quick light flashes that enable the study of electrons inside atoms and molecules. The laureates' research has made it possible to examine moves or changes so rapid that they were...
  • mRNA COVID vaccine experts awarded Nobel Medicine Prize

    Kariko, 68, and Weissman, 64, longstanding colleagues at the University of Pennsylvania in the US, have won a slew of awards for their research, including the prestigious Lasker Award in 2021, often seen as a precursor to the Nobel. In honoring the duo this year, the Nobel committee in Stockholm...
  • Turkey accuses Brussels of disinterest in its EU membership

    Istanbul, Turkey - President Recep Tayyip Erdogan on Saturday accused the European Union of pulling away from Turkey, whose efforts to join the bloc have stalled amid criticism of Ankara's efforts to address democracy and rule of law concerns.Erdogan secured a pledge from Brussels to resurrect the membership talks first started...
  • Iraq court sends 18 police officers to jail for Sweden embassy fire

    Supporters of the powerful Shiite Muslim cleric Moqtada Sadr set the Swedish embassy in Baghdad alight on the night of July 20, after a Stockholm-based Iraqi refugee desecrated the Koran in Stockholm. The internal security forces court in Baghdad on Tuesday found 18 police officers guilty of failing to carry...
  • Iraq asks Sweden to extradite accused in Quran burning incident

    STOCKHOLM, SWEDEN - Baghdad has asked Sweden to extradite Iraqi refugee Salwan Momika, who stoked international outrage by desecrating the Quran, he and his lawyer told AFP on Tuesday."Iraq wants him extradited because he burnt a Quran outside the mosque (in Stockholm) in June," lawyer David Hall told AFP after Swedish...
  • Nobel Foundation withdraws invitation to Russia, Belarus envoys

    Ukrainian foreign ministry spokesman Oleg Nikolenko wrote on Facebook that the foundation should support efforts to isolate Russia and Belarus as "millions of Ukrainians suffer from an unprovoked war and the Russian regime is not punished for its crimes". Swedish Prime Minister Ulf Kristersson also said he disagreed with the...
  • Denmark to ban Quran burnings, national security ‘main motivation’

    Denmark stepped up security earlier this month following the backlash, as did neighboring Sweden which has also seen a spate of Quran burnings in recent months. The Danish government intends to "criminalize the improper treatment of objects of significant religious importance to a religious community," Justice Minister Peter Hummelgaard told...
  • Turkey’s leader Erdogan in Hungary for NATO, energy talks

    Hungary has still not voted to approve the Nordic country's entry into the North Atlantic Treaty Organization, having aligned itself with Turkey which had long blocked Sweden's membership before lifting its veto last month. Both countries' parliaments are currently on holiday. "We can come back to the issue at the...
  • OIC disappointed with Swedish, Danish response to Quran desecration

    "It is unfortunate that the concerned authorities claiming freedom of expression continue to provide licenses to repeat these acts contrary to international law, and this leads to a lack of respect for religions," OIC Secretary-general Hissein Brahim Taha said. Around the time Taha was speaking, two men set the Quran...
  • Quran set alight at protest outside Sweden parliament

    Two men set the Quran alight outside parliament in Stockholm at a protest similar to previous ones that have sparked tensions between Sweden and Middle Eastern countries. Salwan Momika and Salwan Najem kicked and stomped on the Muslim holy book, then set its pages on fire before slamming it shut.
  • Quran burning: Iraqis, Iranians rally as Swedish diplomats leave Baghdad

    Baghdad, Iraq -- Demonstrators marched in the Iraqi and Iranian capitals Friday to denounce Sweden's permission for protests that desecrate the Quran, as Stockholm withdrew staff from its Baghdad embassy.Hundreds of people gathered in Baghdad's Sadr City after Friday prayers, chanting "Yes, yes to Islam, yes, yes to the Quran", an...
  • Volvo Cars Q2 net profit $342m

    Firm in profit despite high inflation, rising interest rates.
  • Iraqi protesters torch Swedish embassy in Baghdad

    Iraqi riot police fired water cannon to disperse demonstrators away from the embassy while security forces armed with electric batons chased protesters, an AFP photographer on the scene said. Some protesters had raised copies of the Koran into the air, while others held portraits of Mohamed al-Sadr, an important religious...
  • UN rights council condemns Quran burnings despite splits

    Despite overwhelming condemnation of the Muslim holy book being desecrated, the vote brought more division than unity as Western nations said that more negotiation could have resulted in a unanimous consensus. Pakistan and other Organisation of Islamic Cooperation (OIC) countries brought forward a resolution after an Iraqi refugee burnt pages...
  • NATO to discuss Ukraine bid to join at summit

    German Patriot missile systems and French fighter jets were guarding the skies as NATO leaders gathered in Lithuania, on NATO's eastern flank and a land once occupied by Moscow. The Western military alliance is set to offer its full-throated backing for Kyiv's quest for victory, but its 31 nations are...
  • Turkey unblocks Sweden NATO bid, setting stage for summit

    Turkish President Recep Tayyip Erdogan's block on Sweden's membership bid had cast a cloud over preparations for Tuesday's meeting, but the countries ironed out their differences in 11th-hour talks in Vilnius. Swedish Prime Minister Ulf Kristersson said he was "very happy" and hailed "a good day for Sweden".
  • Turkish President Recep Tayyip Erdogan stunned fellow NATO leaders when he asked EU to consider Turkiye's inclusion into the European group.

    ‘Turkiye should not link joining EU to Sweden’s NATO entry’

    The United States supports Turkey's bid to enter the European Union but does not believe Ankara should link that to accepting Sweden's entry into NATO, a senior American official said Monday. Earlier Turkiye's Erdogan had said that EU should restart his country's inclusion bid into the EU bloc.
  • Swedish PM to meet Erdogan in a last-gasp attempt to get NATO membership

    Erdogan has voiced repeated frustrations with what he calls Sweden's failure to keep its promise to deal with suspected Kurdish militants allegedly "roaming the streets" of Stockholm. "Sweden has taken some steps in the right direction," Erdogan's office quoted the Turkish leader as telling Biden in a call Sunday.
  • Turkish Foreign Minister, Blinken discuss NATO expansion, Black Sea grain initiative

    Ankara,Turkey - Turkish Minister of Foreign Affairs Hakan Fidan discussed, in a phone call on Wednesday with US Secretary of State Antony Blinken, expansion of North Atlantic Treaty Organization (NATO) and Black Sea Grain Initiative agreement.They also discussed cooperation in combating the threat posed by synthetic drugs, in addition to...
  • Urgent UN Human Rights Council session to discuss Quran burning

    A Quran was burnt outside the Swedish capital's main mosque on Wednesday, triggering a diplomatic backlash across the Muslim world. Salwan Momika, 37, who fled from Iraq to Sweden several years ago, stomped on the Muslim holy book and set several pages alight as Muslims around the world began marking...
  • Saudi Arabia summons Swedish ambassador over Quran burning

    The kingdom had already condemned Wednesday's incident in which an Iraqi citizen living in Sweden stomped on the Muslim holy book and set several pages alight. The foreign ministry summoned the ambassador on Sunday to urge Sweden "to stop all actions that directly contradict international efforts seeking to spread the...
  • Arab world expresses outrage over Quran desecration in Sweden

    Described as a "flagrant provocation to all Muslims," the incident has drawn outrage from the Council of Arab Interior Ministers, the Council of the League of Arab States, the Organization of Islamic Cooperation, and Saudi Arabia, among others. These bodies are calling for an international response to prevent such actions.
  • Canada, others to seek damages from Iran at UN court over downed jet

    On Wednesday, Iran took Canada to the Hague-based International Court of Justice, the UN's top tribunal, accusing Ottawa of allowing victims of alleged terror attacks to claim damages from Tehran. Tehran's case claims that Ottawa, which listed the Islamic Republic as a sponsor of terrorism in 2012, had violated Iran's...
  • H&M shares up

    The company had reported a net profit of 3.29bn kronor ($305m).
  • Dangerous provocation: Muslim nations condemn Quran burning

    Under a heavy police presence, Salwan Momika stomped on the Quran before setting several pages alight in front of Stockholm's largest mosque. Police in the Swedish capital had granted him a permit for the protest but said later they had opened a probe into the man over "agitation".
  • Turkey to hold NATO talks with Sweden next Thursday

    Turkey dropped its objections to Sweden's nordic neighbour Finland joining earlier in the year and Helsinki became a NATO member in April. Sweden has been a NATO "invitee" since June 2022, but its membership bid, which must be ratified by all 31 member states, has been blocked by Turkey and...