GM reports US sales dip, that of EVs grew
The big Detroit automaker reported 659,601 US sales during the period.
Western powers call on Iran to cooperate with IAEA
The US, Britain, France and Germany on Wednesday urged Iran "to fulfill its legal obligations, and cooperate with the IAEA", after the International Atomic Energy Agency adopted a resolution formally criticizing Tehran.Twitter agrees to share data with Musk to end standoff
Twitter will yield to Elon Musk's demand for internal data central to a standoff over his troubled $44 billion bid to buy the platform, US media reported on Wednesday. The news comes just days after the Tesla chief threatened to back out of his deal to purchase Twitter.Iran disconnects cameras at nuclear sites as IAEA set for censure vote
IAEA head Rafael Grossi told reporters on Monday that it would be "a matter of just a few weeks" before Iran could get sufficient material needed for a nuclear weapon if they continued to develop their program.US to follow facts on killing of Shireen Abu Akleh: Blinken
US Secretary of State Antony Blinken promised Tuesday to pursue accountability over the killing of journalist Shireen Abu Akleh wherever facts lead, amid heated dispute between Israeli and Palestinian authorities on how she died.Stock markets up globally as China eases lockdown
Adding to the upbeat mood were comments from US commerce chief Gina Raimondo that she was considering lifting tariffs on some goods from China to help in the battle against inflation.Lebanon seeks US intervention as Israel shifts gas production vessel
Lebanese officials said Sunday that any Israeli activity in disputed waters would constitute a "hostile act" and an "attack" on Lebanon's natural resources.Western powers to censure Iran amid stalled nuclear talks
Major European countries and the United States are expected to seek to censure Iran when the UN atomic watchdog meets this week amid stalled talks to revive the 2015 nuclear deal.Turkey aid lifeline to Syria runs into roadblocks
Trucks loaded with humanitarian aid queue bumper-to-bumper amid the olive groves at the Turkish-Syrian border, waiting to be allowed across into war-torn Syria. Inside are baby nappies and blankets, but also 15-kilo (33-pound) bags of flour, bulghur wheat, sugar, chickpeas and peanut-based pastes for children suffering from malnutrition. Each month...US President delays trip to Saudi Arabia, Israel
US President Joe Biden has pushed back a possible trip to Israel and Saudi Arabia, US media reported Saturday. The trip would reportedly happen around the time Biden travels to a NATO summit in Spain and Group of Seven summit in Germany later this month.Iran seized Greek oil tankers in retaliation: Supreme leader
Iran's supreme leader on Saturday said that the country's seizure of two Greek oil tankers late last month was in retaliation against Greece because it "stole" Iranian oil. The Revolutionary Guards boarded and took control of the two vessels in the Gulf on May 27, citing "violations", which Greece condemned.Iran threatens immediate response to political action by IAEA
Iran said Friday it will respond immediately to any "political" action at a looming meeting of the UN nuclear watchdog, after the US vowed to join Europeans in urging Tehran's cooperation.US adds nearly 400,000 jobs in May, jobless rate 3.6 percent
Restaurants and hotels that were decimated due to Covid-19 showed a strong recovery in May, adding 84,000 positions, the data showed.In Iraq, black community still on the margins
Centered in the city of Zubair, near Basra in the far south of Iraq, the community has its origins in East Africa.Russia warns of conflict with US over arms deliveries to Ukraine
The planned delivery of new US weapons to Ukraine, including advanced missile systems, increases the risk of drawing the United States into direct conflict with Russia, Moscow said Wednesday. On Tuesday, Washington said it will be supplying Ukraine with advanced missile systems, including the Himars multiple-launch rocket system.US to send advanced rocket systems to Ukraine: Biden
President Joe Biden has said the United States will send more advanced rocket systems to Ukraine, as Russian troops press their ferocious bid to complete the capture of a key eastern city.US warns Yemen truce talks in ‘trouble’ as it pushes for extension
The United States warned Tuesday that talks on Yemen's two-month truce were in "trouble" as it pushed for an extension to help support millions at risk. Talks to extend the pause in fighting "haven't ended yet but seem to be in a bit of trouble," said Linda Thomas-Greenfield, the US...US Central Bank needs to hike interest rates till inflation drops : Governor
The US central bank needs to keep raising interest rates in big steps until inflation starts to come down, Federal Reserve Governor Christopher Waller said Monday. The Fed early this month announced the biggest increase in the benchmark interest rate since 2000, following a smaller hike in March, as it...Equities make broad rally as China relaxes Covid curbs
Markets rose Monday as investors rediscovered some verve after the release of healthy US data and as China eases some of its strict Covid curbs in Shanghai and Beijing, lifting hopes for the world's number two economy. The US reading lent hope that the worst of the inflation surge may...With $22bn in bilateral trade, UAE-US economic ties set to grow
The UAE and US economic ties are expected to grow in healthcare, energy sustainability, space, and digital economy, with the bilateral trade touching $22 billion between the two countries.Filing says Elon Musk to borrow less for Twitter bid
Elon Musk notified US regulators on Wednesday that he will rely less on loans in his bid to buy Twitter, as he and partners put $33.5 billion into the deal. Musk has been courting major Twitter investors in the hope of getting them to partner with him in taking the...Iraqi arrested in plot to kill ex-president Bush
Shihab Ahmed Shihab, 52, told an FBI informant that he wanted to smuggle at least four other Iraqis into the country over the border with Mexico to undertake the plot.Tokyo stocks open lower after US stocks slide
Tokyo stocks opened lower on Wednesday after US stocks mostly retreated on concerns about growth following a profit warning from the owner of Snapchat that shocked the tech sector. The benchmark Nikkei 225 index was down 0.13 percent, or 36.02 points at 26,712.12 in early trade.US urges Lebanon leaders to form a government swiftly
State Department spokesman Ned Price said: "We urge those elected and the country's political leaders to heed the Lebanese people's call for change and to work seriously, and with urgency, to take the necessary actions to rescue the economy,"UN expert calls US sanctions on Iran ‘devastating’
An independent United Nations expert said Wednesday that the impact of sanctions imposed by the United States on Iran was "devastating", describing them as illegal and urging they be lifted. "During our visit, we were able to identify (the) devastating humanitarian impact of sanctions," said Alena Douhan, the UN special...Blinken offers ‘deep condolences’ to family of Palestinian journalist
US Secretary of State Antony Blinken spoke with the family of slain Palestinian journalist Shireen Abu Akleh after criticizing Israel's use of force at her funeral, an official said Sunday. Blinken, during his flight Saturday to Berlin for a meeting of NATO foreign ministers, offered "deep condolences" in a phone...Palestinians honor ‘sister’ Shireen Abu Akleh, reject joint probe
In a sign of Abu Akleh's stature among Palestinians, she received what was described as a full state memorial at the Ramallah compound of president Mahmud Abbas, attended by foreign diplomats and prominent Arab Israeli politicians.Emir of Qatar arrives in Tehran to boost relations
Qatar's ruler met Iranian President Ebrahim Raisi in Tehran Thursday, state television reported, as talks falter on bringing Washington back into a 2015 nuclear deal between Tehran and major powers. Qatar has added the Iran nuclear dispute to the list of diplomatic hotspots where it has sought to play a...SoftBank posts record loss as tech shares nosedive
Japanese investment giant SoftBank Group on Thursday logged a record annual net loss after a bruising year that saw its assets hit by a US tech share rout and a regulatory crackdown in China. The company reported losses of 1.71 trillion yen ($13.2 billion) in the year to March 2022.Abu Dhabi’s non-oil foreign trade in Q1 grows by 15 percent to $16.74 billion
Abu Dhabi’s non-oil foreign trade in the first quarter (Q1) of 2022 amounted to AED61.522 billion ($16.74 billion), a 15 percent increase compared to the same period of 2021. Exports grew by 35 percent in the first three months of the year compared to the same period of last year ...Indian rupee falls to new low on inflation fears
The Indian rupee plunged to an all-time low against the greenback on Monday, as US monetary policy tightening roiled sentiment and foreign investors continued to dump domestic stocks. The rupee fell past its previous record low of 76.98 against the US dollar in March to 77.56 on Monday.EU nuclear coordinator to visit Iran this week
The European Union's coordinator for talks between Iran and world powers over restoring a frayed 2015 nuclear deal will visit Tehran this week, Iran's foreign ministry said Monday. The date of Mora's arrival in Iran's capital has not been confirmed, but local press reported he is expected on Tuesday.Dubai ranked first globally in attracting greenfield FDI projects
The emirate attracted 418 greenfield FDI projects, Crown Prince of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said. It ranked first in the Middle East and North Africa region and third globally, up from fourth place last year, in FDI capital inflows.Companies envision taxis flying above jammed traffic
Companies such as Archer, Joby and Wisk are working on electric-powered aircraft that take off and land vertically like helicopters then propel forward like planes.We oppose expansion of settlements in West Bank: State Dept
The US has said that it opposed Israel’s plans to build new settlements in occupied Palestinian territories after Israeli officials said they would approve 4,000 new housing units in the West Bank.US economy adds 428,000 jobs in April: govt
The United States saw another strong month of hiring in April, with the economy adding a better-than-expected 428,000 jobs and the unemployment rate remaining at a low 3.6 percent.US FDA limits use of J&J Covid vaccine
The US said Thursday only adults who "have personal concerns" about mRNA vaccines, access issues or medical reasons for refusing them may now receive the Johnson & Johnson Covid shot, which has been linked to a rare but serious clotting condition. The vaccine, which was authorized as a single shot,...Saudi-US cooperation to spur growth of digital content market in KSA
Saudi Arabia and United States Minister of IT, Eng. Abdullah bin Amer Al-Sawaha who is on a visit to the US met the president and COO of Omnicom Media Group Daryl Simm.Saudi Central Bank raises interest rate to curb inflation
In order to curb the soaring inflation in the kingdom, the Saudi Central Bank (SAMA) has raised its main interest rates by 50 basis points, in tandem with the US Federal Reserve decision to hike the rate.Sell seized Russian assets to rebuild Ukraine: EU chief
The EU should confiscate and sell Russian assets it has seized and use the proceeds to rebuild war-scarred Ukraine, EU chief Charles Michel said in an interview published Thursday. He was the first high-ranking EU official to propose the confiscation of oligarchs' assets.India central bank raises interest rate ahead of Fed announcement
India's central bank announced a surprise interest rate hike of 0.4 percentage points on Wednesday, as Asia's third-biggest economy reels from galloping inflation in the wake of the Ukraine war. In its first increase in borrowing costs since August 2018, Reserve Bank of India governor Shaktikanta Das said it would...Expat remittances from Saudi rise 5 percent to $3.91 bn in March
Personal remittances of expatriates in Saudi Arabia jumped 5 percent year-on-year (YoY) to SR14.7 billion ($3.91 billion) in March. Saudi Gazette, citing data released by the Saudi Central Bank (SAMA), said that compared to the previous month, remittances from expatriates in Saudi Arabia jumped 31 percent, or SR3.5 billion. The...Stock markets steady awaiting start of Fed meet
Major stock markets mostly steadied Tuesday, with traders braced for a sharp US interest rate hike to curb soaring inflation. All eyes are on the conclusion Wednesday of the US Federal Reserve's two-day policy meeting, where it is expected to lift borrowing costs by half a percentage point for the...KSA not to be blamed for high US energy prices: Turki Al-Faisal
A former Saudi intelligence head has insisted that the kingdom should not be held responsible for the rising energy costs in the US. Prince Turki Al-Faisal said that it was the White House's policy agenda that was behind the increase in prices.NBA, NFL stars invest in Indian cricket franchise
US basketball star Chris Paul and American football players Larry Fitzgerald and Kelvin Beachum have invested in Indian Premier League cricket side the Rajasthan Royals, the franchise said Sunday.Russia admits striking Kyiv during UN chief’s visit
Russia's defense ministry said it had deployed "high-precision, long-range air-based weapons" that "destroyed the production buildings of the Artyom missile and space enterprise in Kyiv".Russia urges US, NATO to halt Kyiv arms supply: state media
Russia's foreign minister urged the US and NATO to stop supplying Kyiv with arms if they are "really interested in resolving the Ukraine crisis", Chinese state media reported Saturday. Months into an invasion that failed in its short-term aim of capturing Kyiv, Moscow is now intensifying operations in Ukraine's eastern...Erdogan tells Putin ‘ready to do more’ to end Ukraine war
Turkish President Recep Tayyip Erdogan told Russia's Vladimir Putin on Thursday that Ankara was ready to do more to end the war in Ukraine after helping arrange a Russian-US prisoner swap. The swap took place in Turkey "under the coordination and supervision of the National Intelligence Organization."Videoconferencing hinders creativity, study finds
The pandemic has changed the nature of office work, propelling a massive rise in videoconferencing that looks unlikely to abate as homeworking becomes more entrenched.GM lifts 2022 profit forecast
The automaker now sees 2022 net profit of between $9.6 bn and $11.2 bn.US calls for immediate end to Libya oil shutdowns
The US said Wednesday it was "deeply concerned" about an ongoing closure of key oil installations in Libya, calling for the shutdowns to end "immediately". "The United States is deeply concerned by the continued oil shutdown, which is depriving Libyans of substantial revenue," the US embassy in Tripoli said.



















































