Trump touts ‘done’ deal with Beijing on rare earths, Chinese students
Trump said on his Truth Social platform that China would supply rare earth minerals and magnets -- vital elements for American industries -- while Washington would allow Chinese students to remain in US universities.
US, Arab League discuss Middle East, Israeli-Palestinian conflict
The US-Arab Strategic Dialogue discussed Middle East peace and the Israeli- Palestinian conflict, among other issues. The dialogue concluded successfully and the US and Arab League issued a joint statement on several issues. They statement said that they will counter terrorism and violent extremism in all its forms.Netflix adds 6m subscribers
The spike in numbers comes after password crackdown.Israel to permit all United States citizens visa-free entry
Until now, Palestinians with United States citizenship could not enter Israel through Ben Gurion airport without obtaining visas, but had to enter through Jordan. Citizens of 40 countries are exempt from visas for short stays in the United States for leisure or business.VMware takeover by Broadcom okayed
Broadcom is seeking to expand into the software market.Rich-poor split could tighten ‘grip of poverty’: World Bank chief
The G20 talks come after Russia on Monday refused to extend a deal allowing critical Ukrainian grain exports through the Black Sea, sparking outrage from the United Nations, which has warned millions of the world's poorest would "pay the price". World Bank president Ajay Banga said he feared a lack...Norway threatens $100,000 daily fine on Meta over use of personal data
The Norwegian watchdog, Datatilsynet, said Meta uses information such as the location of users, the content they like and their posts for marketing purposes. "The Norwegian Data Protection Authority considers that the practice of Meta is illegal and is therefore imposing a temporary ban of behavioural advertising on Facebook and...US to deploy additional F-35 and F-16 fighter jets to Middle East
Dubai, UAE - The United States has announced plans to bolster its military presence in the Middle East in response to Iran's recent actions involving the seizure and harassment of commercial shipping vessels in key waterways. Reuters reported on Monday. The Pentagon will be sending additional F-35 and F-16 fighter jets,...UNDP says over US$14bn needed to mitigate global surge in poverty
NEW YORK, US – In the last three years, poverty rates in low-and lower-middle-income countries have surged, with the number of additional individuals living on less than $3.65-a-day reaching 165 million by 2023, said a United Nations Development Program (UNDP) in a new policy brief.According to the policy brief ‘The...Almost the entire world is experiencing record heatwaves
Record heat is forecast around the world from the United States, where tens of millions are battling dangerously high temperatures, to Europe and Japan, in the latest example of the threat from global warming. The heatwaves come after EU's climate monitoring service said the world saw its hottest June on...US banks express caution on economy as Fed rate hikes boost earnings
Results of large US banks released underscored the boon from higher interest rates, as executives described the world's biggest economy as "resilient" but facing risks. JPMorgan Chase, Citi and Wells Fargo all enjoyed the benefits of being able to charge higher rates on loans, while not suffering much from elevated...ExxonMobil to buy Denbury
ExxonMobil will acquire Denbury for $4.9 billion.IDB inks pact with IRENA
IDB will fund renewable projects by joining ETAF platform.Most world stock markets advance as US inflation data looms
London, United Kingdom - World stock markets mostly rose Wednesday as investors jockeyed for position before key US inflation data.London equities climbed after the Bank of England announced that all major UK retail lenders passed stress tests to assess their resilience to economic shocks.Frankfurt and Paris also advanced before the week's...Broadcom to acquire VMware after EU okays deal
BRUSSELS, BELGIUM- The European Commission approved US chipmaker Broadcom's planned $61 billion takeover of cloud computing firm VMware on Wednesday, conditional on the company fulfilling certain commitments to ease competition concerns.The massive deal had raised concerns about competition, prompting probes by antitrust watchdogs in the European Union and Britain.The commission said...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...Iraq to pay for Iranian gas imports with oil: Iraqi PM
The Iraqi prime minister said the decision to pay for Iranian gas imports with oil corresponds with the mechanism agreed with the US in order not to violate the sanctions. Gas is crucial for Iraq's electricity generation, but US sanctions on Iranian oil and gas impose restrictions on how Baghdad...Meta loses more: Zuckerberg takes threads fight to European Union
Threads, billed as the killer of Twitter, a platform that has tumbled into chaos under the leadership of mercurial tycoon Elon Musk, has added more than 100 million users in its first week in app stores.Pro-Iran parties urge Iraq to clear energy dues with Tehran
BAGHDAD, IRAQ - A powerful alliance of pro-Iran factions in Iraq called on Sunday on Baghdad to pressure the United States to unlock pending payments to Tehran for crucial gas imports.Iraq, ravaged by decades of conflict and international sanctions, relies on gas imported from its eastern neighbor for a third of...Asian markets decline as US data spark interest rate fears
Asian stocks tumbled again after another round of strong US data reinforced expectations the Federal Reserve will resume its interest rate hikes as officials wrestle with stubbornly high inflation. After a strong start to the week fueled by signs that US prices were stabilizing, regional markets have taken a turn...Facebook hands US users controls over fact-checked content
For years, Facebook's algorithm automatically moved posts lower in the feed if they were flagged by one of the platform's third-party fact-checking partners, including AFP, reducing the visibility of false or misleading content. Under a new "content reduced by fact-checking" option that now appears in Facebook's settings, users have flexibility...Kuwait has third largest millionaire population in world
Dubai, UAE -- Kuwait ranked third and Qatar 22nd on the list -- prepared by the World of Statistics -- of the countries with large millionaire populations.About 15 percent of Kuwaitis were millionaires, after Hong Kong's 15.3 percent and Switzerland, which had the highest number of millionaires (15.5 percent) in...Samsung Q2 profit may drop 95%
Global glut of semiconductors hurts company's core memory sector.Climate change tests limits of Mediterranean wildfire strategy
In the northwest United States they say the average expanse of forest destroyed by wildfires annually doubled between 1984 and 2015 as a result of human-induced warming -- an area bigger than Switzerland. Despite the efficient strategy and a prevention campaign -- most forest blazes are sparked by humans --...Verition opens office in DIFC
MENA is an important market for Verition.France unrest: Macron’s waning popularity could enable far-right surge
France could very well walk into the embrace of far-right politics, if Macron doesn’t hew his governance closer to what French people had bargained for.UAE FDI inflows record highest ever jump in 2022: UN report
The country received the fourth largest number of greenfield projects (997), an 84 per cent increase, behind only India (1008), the UK (1230) and the US (2075), according to the UN Investment Report 2023. UAE's impressive numbers led to an increase of the projects in West Asia by two thirds.Google to add seven new features for Google Chat
WASHINGTON, US- Google revealed seven new features to be added to Google Chat, a communication and collaboration tool, to enhance the user experience on the app.The upcoming additions include the integration of Gmail features, improved editing, quoting options, and the ability to include apps in personal conversations.One of the standout...Oil prices increase after Saudi Arabia and Russia cut crude output
In April, several OPEC+ members opted to slash production voluntarily by more than one million bpd -- a surprise move that briefly raised prices but failed to bring about lasting price recovery.Yellen to visit China, raising need to ‘responsibly manage’ ties
In Beijing, Yellen will discuss how the United States views its economic relationship with China, a senior Treasury official said Sunday. She will meet with senior Chinese officials and leading US firms, the American spokesperson said without providing specifics.Drug use disorders surge 45% to 39.5m individuals: World Drug Report
New York, US - The number of people suffering from drug use disorders has surged by 45 percent over the past decade, reaching a staggering 39.5 million individuals, reveals the recently released UN Drug Report 2023.The report highlights a substantial increase in global drug usage, with over 296 million people...Iran makes US$54 billion in revenue from export of oil in 2022
Tehran, Iran-- Iran has earned revenue to the tune of $54 billion last year from the export of oil, according to US Energy Information Administration (EIA) estimate. OPEC members earned about $888 billion in net oil export revenue last year. That’s what the US Energy Information Administration (EIA) estimates in...Universe’s mysteries in focus as Europe launches Euclid space telescope
WASHINGTON, US - Europe's Euclid space telescope is scheduled to blast off Saturday on the first-ever mission aiming to shed light on two of the universe's greatest mysteries: dark energy and dark matter.The launch is planned from Cape Canaveral in Florida at 11:12 am local time (1512 GMT) on a...UAE urges world to address root causes of intolerance, extremism
NEW YORK, US- Advisor to the UAE Minister of Foreign Affairs Salem Al Zaabi called on the international community to address the root causes of intolerance and extremism, including countering disinformation on the internet and social media.Al Zaabi, who led the UAE’s delegation to the biennial United Nations Counter-Terrorism Week...Conservative-dominated US Supreme Court steers society sharp right
Washington, United States--One year after its ruling to erase abortion rights, the conservative-dominated US Supreme Court has underscored its determination to push society sharply to the right by scrapping long-established progressive policies.In emphatic rulings this week the court banned universities from giving minorities priority in admissions -- so-called "affirmative action" --...Apple tops $3trn in market value
Wall Street rises as US consumer inflation moderates.US first quarter economic growth 2 percent after strong consumer spending
Washington, United States - US economic growth came in at two percent in the first quarter this year, the Commerce Department said Thursday, making a significant upward revision to earlier estimates partly on stronger-than-expected consumer spending.While GDP growth in the world's biggest economy has still cooled from 2.6 percent in the...BMW to put in $218m in S Africa
BMW's Pretoria plant has made over 1.6 million vehicles.Markets rise as upbeat US data plays against rates outlook
Wall Street popped higher Tuesday after a string of readings soothed concerns about a possible recession, while traders were also cheered by Chinese growth pledges. However, reports that Washington could block the export of artificial intelligence chips to China weighed on sentiment.US to defund science for Israeli universities in West Bank
The Biden administration has returned to the long-standing US position of calling for a two-state solution with the Palestinians and criticizing settlement expansion under Prime Minister Benjamin Netanyahu. Washington has stopped short of any substantive effort at negotiating a peace deal, seeing prospects as highly unlikely with Netanyahu.Aston Martin, Lucid Group sign deal
Lucid Group to help make Aston Martin's luxury 'green' cars.US spy agencies detected early signs of Russia revolt, say media reports
According to the US media reports, intelligence officials conducted briefings at the White House, the Pentagon and on Capitol Hill about the potential for unrest in nuclear-armed Russia a full day before it unfolded. Putin himself was informed that Prigozhin, once a close ally, was plotting his rebellion at least...AI chip giant Nvidia likely to invest in Europe
SANTA CLARA, US - The CEO of Nvidia said that the world's most valuable chipmaker is "extremely likely" to invest in Europe.Nvidia's Jensen Huang told reporters that expanding in Europe was a "wonderful idea."By investing money in Europe, Nvidia would join other semiconductor giants like Intel that are also looking to...Kuwait, UN sign MoU to enhance cooperation in counter terrorism
NEW YORK, US - Kuwait Ministry of Foreign Affairs and the United Nations signed a Memorandum of Understanding (MoU) aimed at enhancing cooperation in countering terrorism and exchanging experiences."The memorandum will enhance cooperation, exchange of experiences, training of youth and those concerned with the country in combating terrorism, and increase...Iran dismisses US claims on Russia’s use of Shahed drones in Ukraine war
Tehran, Iran--Iran’s permanent mission to the United Nations has rejected the claim by the United States and its allies about Russia’s use of Iranian drones in the Ukraine war.The mission in a statement on Friday said the "anti-Iran claims" are aimed to influence the six-month periodic report of UN Secretary-General...Musk, Zuckerberg seek cage fight to settle differences
Months after Musk took over Twitter, Zuckerberg's Meta hinted it was planning to launch its own text-based social media platform - essentially a direct rival.Iran foreign minister holds talks with Omani counterpart
ran said last week it had been engaged in indirect negotiations with the United States through Oman, with nuclear issues, US sanctions and detainees on the agenda. The following day, Iran's nuclear negotiator said he had met with diplomats from three European countries in Abu Dhabi to discuss a number...‘Underwater noises’ detected in missing sub search: US Coast Guard
"Canadian P-3 aircraft detected underwater noises in the search area. As a result, ROV (remotely operated vehicle) operations were relocated in an attempt to explore the origin of the noises," the US Coast Guard's First District said on its official Twitter page. The announcement is the most encouraging sign yet...Resumption of Saudi-Iran relations: A step towards regional, economic stability or a strategic play?
The peace deal has ignited debates on its potential to transform Middle East from a region hit by conflicts to a peaceful place. Dive into an in-depth analysis from TRENDS.Resumption of Saudi-Iran relations: A step towards regional, economic stability or a strategic play?
The bilateral peace agreement has sparked intensified debates about its potential to transform the Middle East from a conflict-ridden region to peaceful and prosperous place.Three killed in Syria by Turkish drone attack
QAMISHLI, SYRIA- A Turkish drone strike killed three employees of northeast Syria's semi-autonomous Kurdish administration on Tuesday, a spokesman said, amid a recent uptick in attacks targeting Kurdish-held areas.The strike targeted "a vehicle transporting civilian employees, killing two Kurdish women and a Christian" man, said Farhad Shami, spokesman for the Kurdish-led...