DOHA, QATAR- Thousands of cryptocurrency industry developers have left the United States because of its negative stance towards the sector, the head of one of the pioneer exchanges told an international forum on Thursday. Despite a "wild year" of scandal and failure in 2022 when the FTX exchange and a...

Washington, United States - US economic output increased by more than previously thought in the first quarter of this year, the Commerce Department said Thursday, although it still indicates the economy is weakening. The US economy has cooled this year as the impact of multiple rounds of interest-rate hikes to tackle inflation...

Meta said it was "disappointed to have been singled out" and the ruling was "flawed, unjustified and sets a dangerous precedent for the countless other companies". "We intend to appeal both the decision's substance and its orders including the fine," Meta president of global affairs Nick Clegg and chief legal...

Iran said it is capable of ensuring the safety of the vital Gulf waters in cooperation with neighboring countries. Iran and its neighboring countries are capable of cooperating for the security of the Persian Gulf, Strait of Hormuz and Sea of Oman," Iran's Chief of Staff of the Armed Forces,...

President Joe Biden slammed Republican demands in negotiations to resolve the US debt ceiling standoff as "unacceptable" but said a solution can still be found before a disastrous default. Biden said he would talk directly with Republican House Speaker Kevin McCarthy during his Air Force One flight back to Washington.

President Joe Biden may be on the other side of the world but his political fight back home over the debt ceiling has followed him. Bruce Reed is the White House deputy chief of staff and he has trailed president, "updating POTUS on the status of the talks", as a...

Due to the GCC's strong linkages with the global banking system, concerns have risen that the banks in the region will face the same struggles.

Two thirds of Walmart sales originate from US.

Retail sales in the United States returned to growth in April fueled by a rebound in motor vehicle sales, data released showed, but not by as much as many expected. The US Federal Reserve has hiked interest rates 10 times in a row since last year in a bid to...

One of Vietnam's largest shoe manufacturers for brands such as Nike and Adidas will cut thousands of workers at the end of next month, state media said. The country is among the world's largest exporters of clothing, footwear and furniture, but has been badly affected by the cost-of-living crisis in...

fighting and looting raged most of Thursday in the capital Khartoum and US diplomats were frank about the obstacles in the nearly week-long talks in Jeddah. "This is not a ceasefire. This is an affirmation of their obligations under international humanitarian law," said a US official involved in the talks,...

Vienna, Austria - Austria said on Wednesday it will ban TikTok on federal employees' work phones, joining a growing list of Western nations cracking down on the Chinese-owned social media platform due to security concerns. The decision followed advice from Austria's intelligence services and several ministry experts. Similar measures have recently...

The dollar wobbled following strong gains in the wake of Friday's solid US labor market figures, while oil prices dropped on Chinese data suggesting that recovery in the world's number two economy was still taking time. Focus is now on Wednesday's consumer price index report for April and the following...

The Saudi company posts net profit of $31.9bn, down 19.25 percent from a year earlier.

Unlike other companies that use vertical-launch rockets, Virgin Galactic uses a carrier aircraft that takes off from a runway, gains high altitude, and drops a rocket-powered plane that soars into space before gliding back to Earth.

Responders, distressed witnesses and police described scenes of panic and horror in Allen, where video footage shared online showed the shooter exiting a sedan in an outlet mall parking lot Saturday and firing a semi-automatic rifle at people walking nearby. The officer in the mall "heard gunshots, went to the...

Japan's Prime Minister Fumio Kishida said his "heart aches" for Koreans who suffered under colonialism, as Seoul and Tokyo seek a rapid reset of long-strained ties in the face of North Korean threats. Kishida was in Seoul on the first official bilateral visit by a Japanese leader to South Korea...

Washington, United States - Improving trade relations between African countries could provide a major boost to economic output (GDP) across the continent and help tackle challenges like climate change, the International Monetary Fund said Friday. The new IMF report found that reforming the "fragmented" trade policy landscape and better implementating existing...

The rise of disinformation and hate speech threatens truth, while journalists continue to face harassment, intimidation, and imprisonment, highlight UN officials and media outlets.

Small modular reactors -- or SMRs -- similar to the ones currently powering submarines, are touted as the future of the nuclear energy industry. SMRs have been promoted as a cheaper option than legacy reactors, with shortened construction time and less fuel needed to power them, which translates into less...

Its economy grew 4.5 percent in the first three months of the year as the country reopened after dropping strict health controls that helped keep the coronavirus in check but battered businesses and supply chains. The country is beset by a series of other crises, from a debt-laden property sector...

Boeing's loss in the first quarter of 2022 was $1.2 billion.

The veteran Democrat would be 86 by the end of a second term. Even if a medical exam in February found him "fit" to execute the duties of the presidency, many including in his own voter base believe he is too old. An NBC News poll released over the weekend...

Coca-Cola's profits came in at $3.1 billion, up 12% from 2022.

The internet titan is scheduled to release its most recent quarterly earnings figures next week. A site in San Jose had been cleared for a Google "Downtown West" campus, with construction to start by the end of this year, according to CNBC.

Its Q1 profits rose 1% to $3.4 billion, on a 4% increase in revenues.

If China successfully mediates the Israel-Palestine peace talks, it will cement its status as a global peacemaker, a role that has long been reserved for the United States.

Iran's judiciary had said in November 2021 that a trial had opened in Tehran for 10 military members in connection with the jet's downing.

The two leaders talked about de-escalation in the region and maintaining deterrence against threats from Iran and elsewhere.

The Big Beau project, located in California, comprises a 128-megawatt solar plant and a 40 MW/160 MWh battery energy storage system.

After two days of exercises that included simulating targeted strikes on Taiwan and encirclement of the island, the Chinese military said the wargames also included "sealing" it off, and a state media report said dozens of planes had practised an "aerial blockade". One of China's two aircraft carriers -- the...

Barnawi and fellow astronaut Ali Al-Qarni will blast off from Florida on a private mission to the ISS, the officials from the SSC, Axiom Space, NASA and SpaceX said in a briefing.

Senior officials from the Biden administration have confirmed the authenticity of the documents, which have been posted on Twitter and Telegram, a platform widely available in Russia. “We are aware of the reports of social media posts and the department is reviewing the matter,” said Sabrina Singh, the deputy press...

The New York Times was among news media companies, firms and charities that had already lost their blue tick and were tagged as verified business accounts with a gold tick under Musk's new system. To retain the gold tick after the rollout of the subscription service dubbed Twitter Blue, these...

On Sunday, his attorney Joe Tacopina bluntly dismissed the anticipated charges -- related to a hush-money payment to an adult film star in 2016 -- as "some twilight zone sort of scenario" in an "upside down world."

US Secretary of State Antony Blinken called Foreign Minister Eli Cohen and "reaffirmed the importance of the enduring US– Israel bilateral relationship. The top US diplomat "emphasized the importance of refraining from unilateral actions that exacerbate tensions," a statement said.

London, United Kingdom - Britain on Thursday warned against the threat of protectionism as it slammed the United States for leading a "distortive" green energy subsidy race. Finance Minister Jeremy Hunt's remarks came as his government updated its energy security plan to ramp up renewable and nuclear power. The Conservative government...

"Advancing the economic status of women and girls is not only a matter of human rights, justice, and fairness -- it is also a strategic imperative that reduces poverty and promotes sustainable economic growth," the office of US VP Kamala Harris said.

His detention sparked criticism in the West and among rights groups, and highlighted Rwanda's record of crushing political dissent and free speech under President Paul Kagame. Rusesabagina was jailed after he was found to have backed an armed rebel group in a trial that his supporters denounced as a sham.

The US president sought to lower the temperature on Friday, saying the United States "does not seek conflict with Iran, but is prepared to act forcefully to protect our people". Hours after the strikes, the US Central Command (CENTCOM) said 10 rockets were fired at American and coalition forces at...

Paris, France - France on Friday banned public-sector employees from downloading "recreational applications" on their work phones, the public services ministry said, with a ministerial source adding that Chinese-owned TikTok would be among them. Following bans of TikTok in other European countries, "the government has decided from now on to ban...

But US officials and experts say that China's diplomacy is not so much about ending the war as an attempt to change the narrative. Xi "would like to be seen and be taken seriously as a peacemaker," said Robert Daly, director of the Wilson Center's Kissinger Institute on China.

The degree of anger and sympathy for the protesters, particularly among the American and European public, makes it near impossible to reach a nuclear deal, believes Vali Reza Nasr.

New York, United States - Oil prices fell over 2 percent in volatile trading on Monday as the collapse of Silicon Valley Bank roiled equities markets and raised fears of a fresh financial crisis, but a recovery in Chinese demand provided support, Reuters reported. Brent crude futures settled down $2.01,...

The world is facing a new environment where powerful global leaders and corporate leaders are creating uncertainty and risk, Eurasia Group chief Ian Bremmer tells TRENDS.

The bank has lost 81% of its value since Greensill bankruptcy.

The move sends sent global banking shares sputtering, as markets fretted over possible contagion from America's biggest banking failure since the 2008 financial crisis.

"We're seeing robust hiring, which is good for the economy and workers, but pay growth is still quite elevated," said Nela Richardson, chief economist at ADP, in a statement.

Iraq has recently hosted a raft of foreign officials, including the Iranian, Russian and Saudi foreign ministers and UN chief Antonio Guterres. Since US-led coalition troops ousted Saddam's Sunni Arab-dominated regime, Iraq's Shiite majority has led Iraq under a confessional power-sharing system. Successive governments have forged close ties with Iraq's...

The United States wants to see a hike in oil production, including from OPEC countries, said a senior State Department official Monday. "As world economies recover, we'll see more consumption. And therefore we'd like to see supply meet demand," said Jose Fernandez, the US Undersecretary of State for Economic Affairs,...