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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.
  • UAE’s ENEC signs MoU with TerraPower for nuclear-technology development

    Dubai, UAE--The Emirates Nuclear Energy Corporation (ENEC) has signed a memorandum of understanding with TerraPower, an American nuclear innovation company, to collaborate in various areas of technological development.The MoU was signed during COP28 by Ahmed Al Mazroui, Nuclear Research and Development Vice President of ENEC, and Chris Levesque, President and...
  • White House says Israel ‘making effort’ to protect Gaza civilians

    According to Hamas, more than 15,500 people have been killed in Gaza since the beginning of the war, but Kirby told ABC's "This Week" that Israel had responded to US appeals to protect civilians. "We believe they have been receptive to our messages here of trying to minimalize civilian casualties,"...
  • Alaska Airlines to buy Hawaiian Airlines

    Based in Seattle, Alaska Airlines serves the western US.
  • US defense chief urges Israel to shield civilians to win in Gaza

    Austin told the Reagan National Defense Forum that he had "learned a thing or two about urban warfare" while fighting in Iraq. "The lesson is not that you can win in urban warfare by protecting civilians. The lesson is that you can only win in urban warfare by protecting civilians,"...
  • US Commerce chief warns against China ‘threat’

    Gina Raimondo unveiled a series of  restrictions on the export of advanced chips to China, including those used in the development of AI, to prevent their use by Beijing for its military. She said that Nvidia had developed a product that performs just below the limit set by her department...
  • US pledges $3bn to a global climate fund at COP28 meet

    Developing countries least responsible for climate change are seeking support from richer polluting nations to adapt to the increasingly ferocious and expensive consequences of extreme weather, and for their transitions to cleaner energy sources. The failure of wealthy nations to fulfill financial pledges to help developing nations cope with climate...
  • Turkey’s Erdogan rejects US pressure to cut Hamas ties

    Istanbul, Turkey - Turkish President Recep Tayyip Erdogan on Saturday pushed back against mounting US pressure to cut Ankara's historic ties with Hamas in the wake of the group's unprecedented attacks on Israel.The US Treasury's top terrorism financing official conveyed Washington's "profound" alarm about Ankara's past relations with Hamas during a...
  • US readying to impose visa ban on violent Israeli settlers: Blinken

    US Secretary of State Antony Blinken informed Israeli Prime Minister Benjamin Netanyahu when they met Thursday in Jerusalem that Washington was readying the sanctions, the source said on the condition of anonymity.
  • Tech titan Microsoft wins observer seat at OpenAI

    SAN FRANCISCO, US - Microsoft, the tech titan that has invested billions of dollars in ChatGPT creator OpenAI, has been given a seat on the startup's board.The nomination was shared in a memo to OpenAI staff on Wednesday that was later posted to the company's blog and included a list of...
  • Fed’s inflation gauge slows in October as energy, goods prices drop

    Washington, United States - A key inflation measure used by the US Federal Reserve to set interest rates eased further last month amid declining energy and goods prices, according to government data published Thursday.The annual personal consumption expenditures (PCE) price index rose 3.0 percent in October, down 0.4 percentage points from...
  • Henry Kissinger, singular US diplomat, dead at 100

    Kissinger's family would hold a private funeral, with a memorial service to take place later in New York, where Kissinger grew up after his Jewish family fled Nazi Germany. The statement did not provide a cause of death. Kissinger had remained active even at as a centenarian, traveling to China...
  • Oil prices inch up on mixed day for US stocks

    World stock markets have made robust gains in recent weeks on hopes that the US central bank had finished with hiking rates and could cut borrowing costs next year as inflation cools. While Wall Street's main indices spent some time in the red, they moved higher as the yields on US...
  • US military Osprey with 8 crew crashes off Japan

    Tokyo, Japan--A US Osprey military aircraft with eight crew on board crashed on Wednesday off a Japanese island, the coastguard said, in the latest accident involving the tilt-rotor military aircraft.It was unclear whether there were any survivors, but the coastguard said one unconscious person had been found at the scene and...
  • US, Israel intel chiefs in Qatar to explore ‘next phase’ of Gaza truce

    The leaders of the US Central Intelligence Agency and Israel's Mossad were scheduled to meet Qatari Prime Minister Mohammed bin Abdulrahman Al Thani, the source said, adding that Egyptian officials were also taking part. The informed source said CIA director Bill Burns and Mossad head David Barnea would hold a...
  • Mass displacement of civilians should not take place in southern Gaza, says US

    WASHINGTON, US -  US President Joe Biden has warned Israel that its expected offensive in southern Gaza must avoid the kind of mass displacement of civilians seen during the military's pummeling of the Palestinian territory's north, US officials said.Israel has said it will continue its war on Hamas after an ongoing...
  • Fashion giant Shein to go public

    Shein was valued at $66 billion earlier this year.
  • Israeli president tells Musk he has ‘huge role’ in anti-Semitism fight

    The meeting came after the world's richest person visited a kibbutz community devastated in attacks by Hamas fighters on October 7, and met with Prime Minister Benjamin Netanyahu and defense officials. Musk has been criticized over what critics say is a proliferation of hate speech on X, formerly Twitter, since...
  • Stock markets on hold as investors await key US inflation data

    Stock markets were mostly in wait-and-see mode as investors eyed the release this week of key US inflation data that could guide Federal Reserve plans for interest rates. Oil prices slid nearly two percent before cutting their losses as dealers awaited a delayed meeting of OPEC and its allies to...
  • US police look into ‘hate crime’ after Palestinian students shot

    The shooter, who is still on the loose, was described by police as "a white man with a handgun." The incident occurred amid high tensions, and occasional violence, on college campuses and elsewhere in the United States over the Israel-Hamas war.
  • China FM to visit New York for UN talks on Israel-Hamas conflict

    Beijing, China--China's top diplomat Wang Yi will visit New York this week to hold a United Nations Security Council meeting on the Israel-Hamas conflict, Beijing's foreign ministry said on Monday."As it holds the rotating presidency of the United Nations Security Council this month, China will hold a high-level meeting on the...
  • Biden to miss COP28 climate summit: US official

    Some 70,000 people including national leaders and Pope Francis are expected at COP28 as it opens Thursday, in what could be the largest United Nations climate summit ever. Schedules released by the White House for Biden and Vice President Kamala Harris showed neither heading to Dubai this week.
  • Crew of Israel-linked tanker seized off Yemen ‘safe’: US official

    A US defence official told a media outlet that an unknown number of "unidentified armed individuals" seized the M/V Central Park in the Gulf of Aden. Ambrey, the maritime security firm, said that "US naval forces are engaged in the situation" after the incident involving the Central Park, which is...
  • Hamas frees more captives in Gaza as truce extension mooted

    Hamas released a third group of hostages including a four-year-old American girl with more Palestinian prisoners set to be freed in exchange. A source close to the group said it was willing to prolong a truce. The Israeli army said 13 released hostages were back in the country and another...
  • International migration flows to OECD countries at record highs in 2022

    Paris, UAE -- Permanent migration to OECD countries reached 6.1 million in 2022, a 26 percent increase compared with 2021, and its highest level since at least 2005, according to International Migration Outlook 2023.Fifteen 15 out of the 38 OECD countries registered in 2022 their highest levels of permanent migration...
  • US says Iran hit Israeli cargo ship in Indian Ocean

    An Israeli-owned cargo ship was damaged in a suspected drone attack by Iran's Islamic Revolutionary Guard Corps in the Indian Ocean, a US defense official said. "We are aware of reports that there was a suspected IRGC-initiated Shahed-136 UAV (that) struck a civilian motor vessel in the Indian Ocean," the...
  • Hamas leader Ismail Haniyeh terms Gaza ceasefire ‘political victory’

    Dubai, UAE--Senior Hamas leader Ismail Haniyeh has called the ceasefire in the Gaza Strip a political victory at a meeting with Iranian Foreign Minister Hossein Amir-Abdollahian in Doha."The ceasefire is a political victory achieved as a result of the success of the resistance forces on the ground. Our enemy killed...
  • Israel-Hamas truce begins, hostages to be released

    An Egyptian security source told AFP that Israeli security officials, International Red Cross-Red Crescent staff and an Egyptian team would deploy to Rafah, on the Egypt-Gaza border, to receive the hostages, who will then be flown to Israel. AFP has confirmed the identities of 210 of the roughly 240 people...
  • Oil slides further after OPEC delay as Asian stocks struggle

    Both main crude contracts slipped more than one percent on news that the much-anticipated gathering of the major producers would be put back by four days to November 30. Reports said the decision was made after Angola and Nigeria pushed back at lower targets urged on them, with Saudi Arabia...
  • US intercepts multiple attack drones launched from Yemen: Pentagon

    The Huthis have declared themselves part of the "axis of resistance" of Iran's allies and proxies and have launched a series of drones and missiles towards Israel after the start of the war in Gaza. The Huthis have also threatened to target Israeli shipping over the country's war with Hamas,...
  • US markets up after Nvidia reports $9.2 billion in third-quarter profit

    New York, United States - Wall Street stocks resumed their upward climb early Wednesday following strong results from artificial intelligence player Nvidia as US Treasury yields retreated.Nvidia said it made a profit of $9.2 billion on revenue of a whopping $18.1 billion in the third quarter, compared with $5.9 billion in...
  • Qatar burnishes role as specialist hostage negotiator with Israel-Hamas deal

    Paris, France -- The emirate of Qatar has further boosted its status as a specialist power in resolving delicate hostage situations by using its influence to help secure the release of hostages by Palestinian militant group Hamas.Analysts say Qatar has honed a careful balancing act, allowing it to marry warm relations...
  • From Changpeng Zhao to Do Kwon: The fallen kings of crypto

    Seoul, South Korea - Binance boss Changpeng Zhao has become the most powerful cryptocurrency figure to fall in a two-year period chaotic even by the standards of the notoriously volatile industry.Zhao stepped down as CEO of Binance -- the largest crypto exchange in the world -- after he and the company...
  • Binance to pay billions in US in money laundering case

    Binance's guilty plea is part of coordinated action including with the Treasury Department's Financial Crimes Enforcement Network and Office of Foreign Assets Control (OFAC), the Department of Justice said. Its violations included its failure to prevent and report transactions with groups like the Islamic State of Iraq and Syria and...
  • Iraqis haunted by war battle mental health issues

    Ravaged by war and rocked by Islamic State group attacks, Iraq's demand for mental health professionals is great, but help is hard to come by. Baghdad's Al-Rashad psychiatric hospital receives patients suffering from serious psychological illnesses, such as schizophrenia, and offers outpatient treatment for depression, anxiety and post-traumatic stress disorder.
  • US regulator files charges against Kraken crypto exchange

    The action against Kraken by the financial markets regulator will likely pour cold water on the hopes of many firms in the sector that it was taking its foot off the gas when it came to regulation after a series of unfavorable court rulings. The SEC took legal action in...
  • UAE a key player in global financial landscape: NYSE vice-chairman

    Abu Dhabi, UAE--The UAE has solidified its stature as a key player in the global financial landscape, through launching economic projects and initiatives that have made it an ideal partner for the NYSE in exploring new markets, said John Tuttle, Vice Chairman of the New York Stock Exchange (NYSE) and...
  • World’s richest 1% emit as much carbon as bottom two-thirds: report

    Among the key findings of this study are that the richest one percent globally -- 77 million people -- were responsible for 16 percent of global emissions related to their consumption. That is the same share as the bottom 66 percent of the global population by income, or 5.11 billion...
  • Israel expands Gaza operation as hostage deal inches closer

    Israel has vowed to eradicate Hamas and to free around 240 people taken hostage by the fighters during the worst attack in its history, most of them Israeli citizens but also dozens of foreigners. On Sunday, Qatari mediators said they were inching closer to a deal to free some of...
  • Adoption of electric vehicles in US face infrastructure hurdles

    NEW YORK, US - The US transition to electric cars has hit a speed bump, with concerns about vehicle range and limited charging capacity adding to core affordability issues.Automakers in recent weeks have pushed back EV sales targets and delayed capital projects as they seek to reduce inventories of unsold EVs...
  • No deal between Israel and Hamas on hostages: US

    The Washington Post, citing unnamed sources, said all parties would halt combat operations for at least five days while some hostages were released in batches. But the White House quickly responded on Saturday evening with its message on X to deny any major breakthrough.
  • Gaza, West Bank should be ‘reunited’ under Palestinian Authority: Biden

    Israel's top ally Washington has given its full backing to the country's response to the October 7 shock attack by Hamas, which left 1,200 dead, mostly civilians. But as the death toll from Israel's military campaign in Gaza continues to climb, US has voiced concerns over the manner of the...
  • ‘Significant’ pause in Gaza war if hostages freed: US official

    The White House said Biden and Qatar's Emir Sheikh Tamim bin Hamad Al-Thani discussed "the urgent need for all hostages held by Hamas to be released without further delay". French President Emmanuel Macron also discussed the hostages with al-Thani and Egyptian leader Abdel Fattah al-Sisi on Saturday, his office said.
  • WHO calls Gaza’s Al-Shifa hospital death zone

    The UN health agency said that it led an assessment mission to the hospital and determined it was a "death zone", calling for a full evacuation. It said that the agency is developing plans for the immediate evacuation of the remaining patients, staff and their families, adding that 291 patients...
  • Sudan asks UN to ‘immediately’ end political mission

    The UN chief was informed about the decision by the country's ambassador to the UN, saying Sudan was terminating the United Nations Integrated Transition Assistance Mission in Sudan (UNITAMS) with immediate effect. According to the UN chief's spokesman, Stephane Dujarric, the mission's mandate was scheduled to end on December 3.
  • US chip curbs disturb Chinese firms AI projects

    Shanghai, China - US restrictions on advanced computer chips are forcing China's tech giants to rethink their ambitious AI-powered projects, analysts say. E-commerce titan Alibaba on Thursday became the latest Chinese firm to admit to feeling the bite of US sanctions, as it abandoned a plan to spin off its multi-billion-dollar...
  • Sudan armed conflict expanding to other regions, warns UN

    Despite the difficulties, some 4.1 million people have received humanitarian aid in the last seven months -- but that amounts to just 22 percent of the people whom humanitarian organizations aim to assist this year. Sudan's warring parties resumed negotiations late last month in Jeddah, brokered by Saudi Arabia and...
  • US concerned over hospital strikes after Jordan’s Gaza facility hit

    Washington, which provides significant military aid to Israel, has given unwavering support to its top Middle East ally since the October 7 attack by Hamas, saying Israel has the right to defend itself. However, the US side has started voicing concerns over the methods of Israel's military operations. and civilian...
  • Alibaba shares dive more than 7% after cloud service called off

    Alibaba is a key player in China's expansive digital economy and the operator of a major online shopping platform. The Hangzhou-based group's performance is considered a barometer of domestic consumption, which has flagged in recent months.
  • UN Security Council calls for ‘humanitarian pauses’ in Gaza

    The resolution, prepared by Malta and adopted with 12 votes in favor, "calls for urgent and extended humanitarian pauses and corridors throughout the Gaza Strip for a sufficient number of days" to allow aid to reach civilians in the besieged territory. The text raises the question of how many days...
  • LNG trade to grow 25% to 500m tons in 5 years: IEF

    According to a report "Fragile Equilibrium: LNG Trade Dynamics and Market Risks" China has surged ahead of Japan to become the world's largest LNG importer. The US became the top LNG exporter in 2023. The IEF's secretary general said that demand for LNG has grown and continues to "enhance energy...