Members of the rate-setting Federal Open Market Committee remain divided going into the meeting on June 13-14, with a minority still pushing for an 11th straight hike to fight inflation, which remains above the Fed's long-term target of two percent. The Fed has raised its benchmark lending rate by five...

NEW YORK,  US - Minister of State Khalifa Shaheen Al Marar chaired the first signature event of the UAE’s United Nations Security Council presidency.The UAE minister stressed on strengthening cooperation between the UN and the League of Arab States to further peace, security and stability in the region.Al Marar said,...

Although many ceasefires have been broken, yet the twenty-four truce is seen as a chance to give the people of Sudan a brief respite from the ongoing civil war. Saudi and US mediators have warned that failure to observe the ceasefire would force facilitators to consider adjourning talks in Jeddah.

Russia is receiving materials from Iran to build a drone factory that "could be fully operational early next year," White House national security spokesman John Kirby warned. The White House released a satellite image of the location of the prospective plant in Alabuga special economic zone, some 900 kilometers east...

Expectations the Fed will stand pat next week -- for the first time since starting its hiking cycle last year -- pushed equities higher for most of the month, helped by the end of the US debt ceiling standoff. Confidence was dealt a blow this week by the Bank of...

Switzerland's parliament will probe the government-orchestrated takeover of the stricken Credit Suisse bank by larger rival UBS. A parliamentary commission of inquiry will be established to shed light on how the Swiss authorities rapidly stitched together the merger of the wealthy Alpine country's two biggest banks over a weekend in...

Foreign Minister Prince Faisal bin Farhan, in a joint press conference with Blinken, played down talk that the oil-rich kingdom was moving away from Washington in favour of its giant rival, Beijing. "I don't ascribe to this zero-sum game," Prince Faisal said in Riyadh. "We are all capable of having...

Riyadh, Saudi Arabia -- Riyadh and Washington urged Western governments Thursday to repatriate citizens who joined the Islamic State group in Iraq and Syria, where thousands still languish in prisons or camps.Saudi Foreign Minister Prince Faisal bin Farhan said it was "disheartening and absolutely unacceptable" that some wealthy countries had not brought...

Opening his two-day trip, the prime minister announced that Britain would hold the world's first summit on artificial intelligence in the second half of the year. "AI has an incredible potential to transform our lives for the better. But we need to make sure it is developed and used in...

Blinken spoke during a Gulf Cooperation Council ministerial meeting in the capital Riyadh following talks with Saudi Foreign Minister Prince Faisal bin Farhan and Crown Prince Mohammed bin Salman.

The Paris-based organization forecast an economic expansion of 2.7 percent, up from 2.6 percent in its previous report in March, with upgrades for the United States, China and the eurozone. But it is still under the 3.3 percent growth recorded in 2022.

NEW YORK, US -  US securities regulators sued Coinbase on Tuesday, alleging that the cryptocurrency platform's failure to register as a securities exchange venue exposed investors to risk.The complaint comes on the heels of Securities and Exchange Commission (SEC) charges filed on Monday against cryptocurrency exchange Binance and founder Changpeng Zhao for...

The United States and India agreed a roadmap for military industrial cooperation, as New Delhi seeks to reduce its reliance on key arms supplier Russia. "We established an ambitious new roadmap for defense industrial cooperation, which will fast track high priority co-development and co-production projects," US Secretary of Defense Lloyd...

Volunteers have buried 102 unidentified bodies in the capital's cemetery and 78 more in Darfur, ever since the fighting between the country's warring generals erupted on April 15. Both Burhan and his deputy-turned-rival Daglo have pledged repeatedly to protect civilians and secure humanitarian corridors. But civilians reported escalated fighting after...

PARIS, FRANCE - Renewable power capacity is expected to jump by a third this year globally as growing policy momentum, higher fossil fuel prices and energy security concerns drive expansion of solar and wind power, the International Energy Agency (IEA) said.The growth is set to continue next year with the...

Dubai, UAE - Middle Eastern airlines carriers posted a 38 percent increase in traffic in April compared to the same month in 2022, demonstrating a positive recovery trend in the aviation industry,  according to the latest report from the International Air Transport Association (IATA). With a capacity increase of 27.8 percent,...

Blinken's June 6-8 trip comes as both the United States and Saudi Arabia are seeking to broker a durable cease fire between Sudan's warring generals. On the trip, Blinken will "discuss US-Saudi strategic cooperation on regional and global issues and a range of bilateral issues including economic and security cooperation,"...

Hiring in the United States heated up again in May, according to government data released, with the strong labor market defying expectations of a slowdown amid efforts to cool the world's biggest economy. The jobs market has been surprisingly robust even as regulators have worked to ease demand and tamp...

Analysts are now divided over whether Saudi Arabia and Russia will keep the group on course with its current output policy, or further curtail production. "The recent inconsistent rhetoric from the two heavyweights certainly threw the spanner in the works and it is hard to predict the outcome," said Tamas...

Despite the rebound in sales of its flagship medium-haul 737 MAX last year -- giving the company its best delivery numbers since 2018 -- Boeing is pinning its financial hopes on the 787, after four consecutive years in the red. Recent months have finally seen an uptick in orders for...

US senators raced to pass a bipartisan debt limit deal approved overwhelmingly by the House of Representatives, with the worst-case scenario of an economy-cratering default seemingly avoided. The Treasury has warned it could run out of money to pay its bills by Monday, leaving no room for delays in enacting...

Washington, United States -- The White House on Thursday announced economic and visa sanctions against Sudanese leaders responsible for breaking a ceasefire and provoking "appalling" bloodshed."We are following through by levying economic sanctions, imposing visa restrictions against actors who are perpetuating the violence," National Security Advisor Jake Sullivan said in...

"With some hardliners in the Republican party coming out against the agreement (in a vote due Wednesday), its passage through Congress could be bumpy," warned AJ Bell investment director Russ Mould. "Weak Chinese data also contributed to a subdued market mood with Asian stocks a little sickly."

"As a result of our ongoing evaluation of effective security cooperation with all partners, two months ago, the UAE withdrew its participation in the Combined Maritime Forces," a statement carried by the official WAM news agency said. The Bahrain-headquartered CMF was established in 2001, initially as a partnership between 12...

Stock markets wobbled as a deal to hike the US debt ceiling and avoid a painful default goes to a vote in Congress this week. President Joe Biden and House Speaker Kevin McCarthy hammered out an agreement that saw both sides give ground, a week before a June 5 deadline.

Campaigns on both sides of the political divide are likely to harness this technology -- which is cheap, easily accessible and whose advances have vastly outpaced regulatory responses -- for voter outreach and to churn out fundraising newsletters within seconds. But technologists also warn of bad actors exploiting AI to...

The agreement announced Saturday by President Joe Biden and Republican leader Kevin McCarthy after weeks of crisis talks offers a path back from the default precipice, but it is far from certain that the compromises it contains can garner the support it requires from both sides of the aisle.

The UN chief was "shocked" by Burhan's letter, which requested "the nomination of a replacement" to Perthes and accused him of committing "fraud and disinformation" in facilitating a political process. Burhan and his rival Mohamed Hamdan Daglo were meant to meet for negotiations on April 15, the day Khartoum became...

NEW YORK, US -  United Nations chief Antonio Guterres said he was "shocked" by a letter from Sudanese army chief Abdel Fattah al-Burhan, reportedly requesting the replacement of special envoy Volker Perthes amid a brutal war with paramilitaries.Guterres "is proud of the work done by Volker Perthes and reaffirms his full confidence in...

Within minutes of the ceasefire taking effect late Monday, witnesses in the capital Khartoum reported air strikes and gunshots. The one-week truce is the latest in a series of agreements that have all been systematically violated, with the army and the paramilitary Rapid Support Forces (RSF) accusing each other of...

Brussels, Belgium -- The European Union approved a historic agreement banning harmful fisheries subsidies on Thursday, joining a small group of countries that include the United States.After more than two decades of negotiations towards banning subsidies that encourage overfishing and threaten the sustainability fish stocks worldwide, a deal, albeit watered...

International markets have been unnerved by the battle between US President Joe Biden and opposition Republicans on US borrowing limits with an early June deadline looming. Some Republicans have questioned whether a quick agreement with the US administration is necessary to avert a painful default.

Oman has close ties with Iran and played a mediating role between Tehran and Washington in the build-up to a nuclear deal reached in 2015. Stop-start talks began in April last year to restore the deal, after the US unilaterally withdrew from it in 2018, prompting Tehran to roll back...

As growth at Netflix cooled last year, the Silicon Valley-based streaming giant set out to nudge people watching for free with shared passwords to begin paying for the service without alienating subscribers. The launch of an ad-subsidized offering around the same time as a crackdown on password sharing is no...

The company will collaborate with US tech firm Broadcom in order to make "cutting edge" parts for wirelessly connecting to high-speed 5G telecom networks. Apple however did not specify how many billions of dollars it would be putting into the alliance, but said it is part of a commitment to...

Sporadic artillery fire still echoed in Sudan's capital, but residents said fighting had calmed following a US and Saudi-brokered ceasefire, raising faint hopes in the embattled city. The truce, to allow desperately needed humanitarian aid for civilians, took effect Monday night only to be quickly marred by more gunshots and...

Speaking on the sidelines of the Qatar Economic Forum, Saudi Arabia's Minister of Energy Prince Salman said OPEC+ pursued three goals of vigilance, initiative and proactiveness. He added that the inaccurate forecasts of the International Energy Agency led to price volatility in the energy market last year and in the...

After their latest get-together on Monday, the Republican Speaker said: "I felt we had a productive discussion. We don't have an agreement yet, but I did feel the discussion was productive in areas (where) we have differences of opinion." He added that negotiators would "work through the night" to move...

The merged firm will have a combined revenues of $3.4bn.

The ceasefire "may be extended with the agreement of both parties," a joint statement issued after talks in Jeddah said. "Unlike previous ceasefires, the Agreement reached in Jeddah was signed by the parties and will be supported by a US-Saudi and international-supported ceasefire monitoring mechanism," it said.

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.

G7 leaders, including the heads of nuclear-armed Britain, France and the United States, arrived at the city's Peace Park to a sodden red carpet welcome from Prime Minister Fumio Kishida, who is from Hiroshima. The leaders were also scheduled to speak with survivors of the bomb, which killed some 140,000...

Jianuo is a leading provider of specialty premium components.

Ghannouchi, 81, a former speaker of parliament, was arrested last month over different accusations, part of what Human Rights Watch (HRW) called last week a move "to neutralise the country's largest political party". He had appeared in court at the end of February on the terror-related charges after being accused...

BERLIN, GERMANY -  The European Central Bank (ECB) has fined US financial giant Goldman Sachs US$7.2 million (6.63 million euros) for misreporting its capital needs, it said on Monday.Goldman Sachs Bank Europe was found to have "breached credit risk reporting rules" in 2019, 2020 and 2021, the ECB said in a...

The deal is also under threat in the US, where last year the Federal Trade Commission launched a legal action to block it, one of Washington's biggest ever interventions to stop tech industry consolidation. Microsoft launched its bid for Activision Blizzard early last year to create the world's third biggest...

Major stock markets advanced after President Joe Biden said he was "optimistic" about finding an agreement on averting a first-ever US default. Stock markets in Europe and Asia kicked the week off with gains amid growing hopes the Democrats and Republicans will reach a deal to avert a US government...

President Joe Biden's administration again warned of "catastrophic" consequences for the US economy including huge job losses if the country defaults, as negotiations to forge a debt deal are expected to resume this coming week. For weeks US policymakers, bankers and the White House have warned that the country is...

BRUSSELS, BELGIUM -  The EU imported US$524 billion (€482 billion) worth of high-tech products from extra-EU countries in 2022 (+22 percent compared with 2021), according to an estimate published by Eurostat, the statistical office of the European Union .Exports to these countries reached US$485 billion (€446 billion) (+16 percent compared...

Elon Musk has chosen top ad executive Linda Yaccarino to take the day-to-day reins of Twitter as he fights to reverse the tide at the struggling platform he bought for US$44 billion last year. Yaccarino is a highly respected advertising executive who stepped down from NBCUniversal "effectively immediately" on Friday.