Washington, United States--President Joe Biden will unveil a proposed budget on Thursday that would reduce the US national deficit by $3 trillion over the next decade, in part by raising taxes, the White House said.The budget plan "will cut the deficit by nearly $3 trillion over the next 10 years," Press...

A broad restructuring document announced by China's cabinet on Tuesday intends to focus the Ministry of Science and Technology's resources on coordinating "scientific and technological achievements." The plan also replaces China's existing banking and insurance regulator with a new body incorporating some functions from its central bank and securities watchdog,...

The Senate bill and the backing of the White House accelerated the political momentum against TikTok, which is also the target of a separate piece of legislation in the US House of Representatives.

US interest rates will likely peak at a higher level than previously anticipated due to economic data that came in stronger than recent trends suggested, Federal Reserve Chair Jerome Powell said. He said that January figures for employment, consumer spending, manufacturing production and inflation pointed to a partial reversal of...

Years of war and insurgency have taken a heavy toll on the many Mesopotamian, Islamic and Christian treasures in a country home to six UNESCO World Heritage sites. Iraq is the cradle of civilizations, where writing and the first cities emerged, but decades of unrest have left many priceless cultural...

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,...

Amman, Jordan--King Abdullah has stressed the need for restoring calm in the Palestinian Territories, as well as cease any unilateral measures that undermine stability and peace prospects.At a meeting with US Secretary of Defence Lloyd Austin in Amman, King Abdullah urged stepping up efforts to create a political horizon that...

The United States' top military officer Chairman of the Joint Chiefs of Staff General Mark Milley made a surprise visit to an army base in the Kurdish-held northeast, meeting with US troops stationed in area controlled by the Kurdish-led Syrian Democratic Forces. The visit has drawn sharp condemnation from Syria's foreign...

Pentagon Press Secretary Brig. Gen. Pat Ryder said the trip would "reaffirm the enduring US commitment to the Middle East region."

Washington, United States--FBI Director Christopher Wray said Tuesday his agency believes the Covid-19 pandemic was "most likely" caused by an incident in a laboratory in Wuhan, China."The FBI has for quite some time now assessed that the origins of the pandemic are most likely a potential lab incident in Wuhan," Wray...

The plant is going to be established in Monterrey.

US and European stocks dipped as dealers fretted that the Federal Reserve would push interest rates higher than expected and for longer as it battles high inflation. The euro moved up against the dollar as strong inflation data in France and Spain sparked concerns that the European Central Bank will...

Office of Management and Budget director Shalanda Young in a memorandum called on government agencies within 30 days to "remove and disallow installations" of the application on agency-owned or operated IT devices, and to "prohibit internet traffic" from such devices to the app.

A media report said that company has laid off 10% of its workforce.

Washington, United States--Iran's nuclear program is advancing at a "worrisome pace," CIA director William Burns said in an interview broadcast Sunday, following reports Tehran had further enriched uranium.Iran was last known to have enriched uranium up to 60 percent purity, but a recent Bloomberg News report that International Atomic Energy Agency...

Washington, United States--The coronavirus pandemic likely arose from a Chinese laboratory leak, the US Department of Energy now says according to media, although the White House maintained Sunday that American intelligence remained divided on the issue.The determination -- noted in a classified report by Director of National Intelligence Avril Haines's office,...

Amman, Jordan--The trade balance between Jordan and the US has recorded a surplus of about 625 million Jordanian dinars ($881 million) in 2022, according to a statement.   The volume of trade exchange between the two countries last year amounted to about 2.75 billion dinars, according to foreign trade data issued by...

Jordanian state broadcaster Al-Mamlaka said the meeting, which kicked off in the Red Sea resort of Aqaba, was "the first of its kind in years between Palestinians and Israelis with regional and international participation" and would address "the situation in the Palestinian territories". Palestinian intelligence chief Majed Faraj and the...

NEW YORK, US - Governments agreed on a way forward to update disease outbreak regulations ahead of meetings to draft new global guidelines for tackling pandemics, the World Health Organization (WHO) said.According to United Nations News Center, the two processes are complementary.They are guided by the need of making the...

Three years after former US president Donald Trump ordered the killing of top Guards' commander Qasem Soleimani, an Iranian genera has warned that his country is still seeking to kill Trump and his secretary of state Mike Pompeo in revenge for assassinating the commander. Tehran has repeatedly vowed to avenge...

MTS Bank, approved for its licence last year, was one of more than 200 entities and individuals targeted by the fresh sanctions on the first anniversary of Russia's invasion of Ukraine. The Central Bank of UAE said MTS earned its license because it "fulfilled the criteria for licensing branches of...

Moscow, Russia - Russian President Vladimir Putin said Thursday the new Sarmat intercontinental ballistic missile will be deployed this year following US reports that the weapon failed a recent test.The Sarmat -- dubbed Satan 2 by Western analysts -- is capable of carrying multiple nuclear warheads and is among Russia's next-generation...

The massive 7.8-magnitude tremor on February 6 has killed more than 42,000 people in Turkey and more than 3,600 in Syria, while the WHO said more than 125,000 have been injured. Damascus has been hit by more than a decade of economic sanctions, and while they were not designed to...

Citing people familiar with the matter, Bloomberg said China’s Ministry of Finance is among government entities that gave the so-called window guidance to some state-owned enterprises as recently as last month, urging them to let contracts with the Big Four auditing firms expire.

Washington, United States--The United States has returned 77 looted antiquities to Yemen, US authorities said Tuesday, adding the objects would be housed "temporarily" in a museum in Washington in line with an agreement with the war-torn country's government.The pieces are "64 relief carved stone heads, 11 Quran manuscript pages, a bronze...

Al Khater said that the total direct Qatari investments in the US amounted to about $69 billion, and that 856 US companies operate in the Qatari market.

Iran was last known to enrich up to 60 percent, while a 90-percent threshold is required for use in a weapon. Bloomberg News reported that inspectors of the International Atomic Energy Agency (IAEA) in Iran last week found uranium enriched to 84-percent purity. Tehran says it is not planning to...

US Secretary of State Antony Blinken arrived in Turkey to show support to the earthquake-hit country and NATO ally which has had tumultuous ties with Washington. His visit comes after a 7.8-magnitude tremor hit southeastern Turkey and northern Syria killing nearly 45,000 people but his trip had been planned before...

Washington, United States--Secretary of State Antony Blinken spoke Saturday with Israeli Prime Minister Benjamin Netanyahu and separately with Palestinian president Mahmud Abbas, reaffirming US support for a "two-state solution" in the region and asking the two to "restore calm."Blinken spoke by telephone with both men to reaffirm US commitment to "a...

Al Zeyoudi highlighted the long-standing strategic relations between the UAE and the US, noting that their economic and trade exchanges are witnessing significant growth.

WASHINGTON, US - An explosion wounded four American military personnel during a raid that killed a senior Islamic State (IS) group leader in Syria, the US military's Central Command said Friday."Last night, during a partnered US and Syrian Democratic Forces helicopter raid in northeastern Syria, an explosion on target resulted in...

The White House said Thursday it is "deeply dismayed" by Israeli plans for a major expansion of settlements in occupied Palestinian lands. "We are deeply dismayed by the Israelis' announcement," Press Secretary Karine Jean-Pierre said. President Joe Biden's administration maintains its "firm opposition to the settlement expansion," she added.

Lebanon's cash-strapped banks have imposed strict restrictions on withdrawals, barring depositors from accessing their savings, especially those in US dollars.

Blinken will visit Incirlik air base, through which the United States has shipped aid, and then hold talks in the capital Ankara on "continued US support," State Department spokesman Ned Price said Wednesday. The top US diplomat will also take part in the Munich Security Conference, where the Ukraine war...

The consumer price index is forecast to have dipped to 6.2 percent last month from 6.5 percent in December, according to Bloomberg. But that is still well above the Fed's target of two percent, and analysts said a higher read on the CPI could spark a hefty sell-off on markets,...

Washington strenuously denied Beijing's charges as "false" and insisted it was China alone that has surreptitiously flown spy balloons, as tensions ramped up between the two superpowers. The downing of an alleged Chinese airship off the coast of South Carolina earlier this month prompted a resolution in the US Congress...

On Sunday the Pentagon said that it does not yet know what the other three objects -- one shot down Friday over Alaska, one Saturday over Canada's Yukon territory, and the most recent one Sunday over Lake Huron -- are. But it said that the object downed Sunday had been...

A spokesperson for the Federal Trade Commission told AFP on Thursday that it would not appeal the February 1 decision. The social media giant said when the suit was filed that the FTC's move defied reality, and expressed confidence that its buy of Within would be good for VR users...

Washington, United States--The United States said Tuesday it was working with partners to provide earthquake relief in Syria but would stand firm against working with the Damascus government.The United States also said it expected to send further assistance to Turkey after sending two rescue teams to the NATO ally, which suffered...

US trade gap widened to a record in 2022, though expanding less than expected in December, government data said, capping off the year on robust imports and strong spending. The overall trade gap grew US$103 billion from 2021 to $948.1 billion last year, according to Commerce Department data, on a...

The group's Q3 loss coincides with a slump in the tech sector.

If the deal is sealed, it would be gold sector's largest acquisition.

The Chinese craft spent several days flying over North America before it was targeted off the coast of the southeastern state of South Carolina with a missile fired from an F-22 plane, Pentagon officials said, falling into relatively shallow water just 47 feet (14 meters) deep.

NEW YORK, US - On the occasion of the International Day of Human Fraternity, the UN chief Saturday called for renewed commitment to forge an "alliance of peace" amid a surge in hate speech, sectarianism and strife.The International Day of Human Fraternity celebrates values that "are the glue that hold...

Washington, United States--The United States issued a joint statement with France, the United Kingdom and Germany on Friday criticizing Iran's "inadequate" response to an International Atomic Energy Agency (IAEA) report on its nuclear program.The UN nuclear watchdog issued a warning to Tehran on Wednesday after it found that changes had been...

US job gains surged unexpectedly last month as unemployment slipped to its lowest rate in over five decades, government data showed. The world's biggest economy added 517,000 jobs in January after a five-month slowdown in hiring, as the jobless rate edged down to 3.4 percent, said the Labor Department in...

ABU DHABI, UAE - The US Department of the Treasury’s Under Secretary for Terrorism and Financial Intelligence Brian Nelson led a two-day treasury delegation visit to the UAE to discuss  AML/CFT matters and areas of joint cooperation.The two sides discussed a range of topics of mutual interest pertaining to Anti-Money...

Sudan in January 2021 formally agreed to normalize relations with Israel in a quid pro quo for the United States removing it from its list of "state sponsors of terrorism", but ties were never formalized. Israel's Foreign Minister Eli Cohen, then the intelligence minister, led that same month the first...

The Paris gathering is to be attended by representatives from France, the United States, Saudi Arabia, Qatar and Egypt. Lebanon is being run by a caretaker government and is also without a president as lawmakers have repeatedly failed to elect a successor to Michel Aoun, whose mandate expired at the...

The majority of the EU's response involves repackaging already existing funds, a stop-gap measure that has earned much criticism. German MEP Markus Ferber described the proposals on Wednesday as "old wine in new bottles" and "predictably disappointing".