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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.
  • UN chief asks donors for ‘continuity’ in Gaza agency operations

    The row between Israel and UNRWA follows the UN's ICJ ruling that Israel must prevent possible acts of genocide in the conflict and allow more aid into Gaza. Israel's envoy to the UN slammed Guterres, saying the UN chief had repeatedly ignored "evidence" presented to him regarding UNRWA's involvement in...
  • US troops destroy Houthi’s anti-ship missile in Yemen

    US forces struck an anti-ship missile in Houthi-held Yemen that they said was ready to fire, hours after the Iran-backed rebels caused a fire on a British tanker in the Gulf of Aden. US and British forces have launched joint strikes aimed at reducing the Houthis' ability to target vessels...
  • Israel says will seek to stop UN agency’s activities in Gaza after war

    UNRWA said Friday it had sacked several employees accused by Israel of involvement in Hamas's unprecedented October 7 attack, prompting the United States to suspend critical funding. The head of the agency, Philippe Lazzarini, vowed to hold "accountable, including through criminal prosecution" any UNRWA employee found to have taken part...
  • Yemen’s Houthis claim attack on British oil tanker

    US and British forces have launched two rounds of joint strikes aimed at reducing the Houthis' ability to target vessels transiting the key Red Sea maritime trade route. The attacks by the rebels -- who are part of the anti-Israel have disrupted trade in the Red Sea, which carries around...
  • US Federal Reserve’s favored inflation gauge rises before rate decision

    The US Federal Reserve's favored measure of inflation ticked higher last month, according to government data published. The latest announcement will likely ensure the US central bank keeps interest rates on hold at its next decision announcement on Wednesday, as policymakers continue talks on when to start cuts.
  • Alaska Airlines to take US$150m hit

    It grounded the Boeing 737 MAX after in-flight safety episode.
  • Israel far-right minister slams Qatar over Hamas attack

    Finance Minister Bezalel Smotrich commented after Prime Minister Benjamin Netanyahu was caught on tape allegedly telling hostages' families this week that Qatar's mediation was "problematic" when it came to resolving the hostage crisis. Smotrich accused Western governments of being "hypocritical" in maintaining close relations with Doha.
  • US approves inspection program to return Boeing 737 MAX to service

    The FAA announcement is a major step after the agency grounded 171 MAX 9 planes after the January 5 incident on an Alaska Airlines plane. The grounded 737 MAX jets have the same configuration as the Alaska Airlines jet that suffered a blowout of a panel on the fuselage, exposing...
  • Qatar ‘appalled’ at alleged criticism by Netanyahu

    Israeli prime minister accused Qatar of financing Hamas at a meeting this week with the families of hostages held in Gaza. Making his annoyance with the country known, he said he was upset at a US decision to extend the presence of a military base in the Gulf state, according...
  • US to discuss troop withdrawal with Iraq soon: report

    New York, United States - The United States will begin talks with Iraq on the withdrawal of US troops from this Middle Eastern country, CNN reported on Wednesday citing sources familiar with the matter."The US and Iraq are close to agreement on starting the Higher Military Commission dialogue that was announced...
  • Yemen-based Houthis fire missiles at ships in Red Sea, says US

    Yemen's Iran-backed Houthi rebels fired three missiles at two merchant ships in the Red Sea in their latest attack in the commercially vital waterway, the White House said. The report came after the Houthis vowed to keep up their attacks despite repeated US and British strikes against them.
  • NATO kicks off biggest military exercise since Cold War

    The Western military alliance has said some 90,000 troops will take part in the months-long Steadfast Defender 24 exercise designed to test its defenses in the face of Russia's war on Ukraine. "The alliance will demonstrate its ability to reinforce the Euro-Atlantic area via trans-Atlantic movement of forces from North...
  • Two dead in US strikes against Iran-backed armed groups in Iraq

    The US strikes come against an already explosive regional backdrop, fueled by the war in Gaza between Washington's ally Israel and the Iranian-backed Hamas. The US Central Command said the strikes targeted Ketaeb Hizbollah "headquarters, storage, and training locations for rocket, missile, and one-way attack UAV (drone) capabilities".
  • Iran’s Raisi flies to Turkey for delayed Gaza talks

    Planned talks in Ankara in early January were called off when twin blasts claimed by IS group jihadists killed 89 people at the shrine of assassinated Islamic Revolutionary Guard Corps general Qasem Soleimani. A trip he had planned for November was cancelled because of conflicting schedules of diplomats involved in...
  • US strikes two Houthi missiles in Yemen: military

    US and Britain have carried out two rounds of joint strikes aimed at reducing the Houthis' ability to target shipping, while the US has also launched unilateral air raids on the Iran-backed rebels' missiles. Washington is seeking to put diplomatic and financial pressure on the Houthis, redesignating them as a...
  • Houthis order all US, British UN staff to leave Yemen within a month

    The expulsion followed joint strikes by the United States and Britain against the Houthis aimed at ending the group's attacks on commercial shipping in the Red Sea and Gulf of Aden, threatening global trade. The United States has launched multiple further strikes and on Tuesday carried out a second set...
  • NATO to buy ammunitions worth $1.2 billion amid Ukraine war

    The latest deals -- signed with French firm Nexter and Germany's Junghans Microtec -- are estimated by officials to cover around 220,000 shells and deliveries to NATO members will start at the end of 2025.
  • US, Britain launch new joint strikes on Yemen’s Houthis

    American and British forces carried out a first wave of strikes against the rebel group earlier this month, and the United States launched further air raids against missiles that Washington said posed imminent threats to both civilian and military vessels. But the Houthis have vowed to continue their attacks --...
  • Gaza activists urge voters to write ‘ceasefire’ on US primary ballots

    A separate campaign is urging supporters to write Biden's name on the ballot in exactly the same manner that "Vote Ceasefire" is promoting. The outcome will not affect the nomination process in any case, as the Democratic National Committee has declared the New Hampshire primary illegitimate.
  • Israel proposes pause in Gaza fighting to secure hostage deal

    The US news site Axios reported, citing unnamed Israeli officials, that the deal would take place in multiple stages, the first of which would see the release of women, men over 60 and those in critical medical condition. Later phases would involve the release of soldiers, younger civilian men, and...
  • European market up on record-busting Wall Street

    A surge in tech titans including Apple, Amazon, Nvidia and Facebook parent Meta on Friday pushed New York's S&P 500 index to its first new all-time high since early 2022 thanks to bets on lower borrowing costs this year.
  • Israel pounds Gaza as Netanyahu rejects hostage release deal

    Abdelrahman Iyad, wounded in Gaza and now being treated aboard the French helicopter carrier Dixmude, docked in Egypt, said he did not have time to leave his house before it was hit. "I was with my parents, my brother, my sister, my second sister and her husband and their daughter....
  • Mac computers could reach new glory due to AI

    SAN FRANCISCO, US - Forty years after igniting a PC revolution, Apple's Mac is stronger than ever and could reach new glory due to AI computing -- or be left behind.Apple launched the Macintosh in 1984 with a history-making television ad pitching the machine as an anti-establishment blow against a dystopian...
  • Do Kwon’s Terraform Labs files for US bankruptcy

    Kwon, who co-founded Terraform in 2018, was arrested last year in Montenegro and is awaiting extradition to the United States or South Korea. The collapse of the Singapore-based firm's TerraUSD and Luna wiped out around $40bn in investments and caused wider losses in the global crypto market estimated at more...
  • NASA regains contact with mini-helicopter on Mars

    Ingenuity, a drone about 1.6 feet (0.5 meters) tall, arrived on Mars in 2021 aboard the rover Perseverance and became the first motorized craft to fly autonomously on another planet. Data from the helicopter are transmitted via Perseverance back to Earth, but communications were suddenly lost during a test flight...
  • US-led coalition base in Iraq hit by missiles

    Al-Asad airbase was targeted by 15 rockets" fired from Anbar province, which is home to the military base, an Iraqi police official from the region told AFP, speaking on condition of anonymity. He said 13 of the projectiles were shot down by anti-air defenses but that "two fell on the...
  • NASA loses contact with its mini-helicopter on Mars

    WASHINGTON, US - NASA has lost contact with its tiny helicopter Ingenuity during the hard-working craft's 72nd flight, the space agency said.The agency's engineers are attempting to re-establish communications, which ended abruptly on Thursday as the craft was making its descent from a test flight, NASA said late on Friday.Ingenuity, which...
  • Iran launches research satellite, says minister

    Iran's Revolutionary Guards launched a research satellite, a minister said, putting it into a higher orbit in a milestone for its aerospace program that has faced Western criticism. The United States has warned Iran against such launches, saying the technology can be used for ballistic missiles, including ones designed to...
  • US carries out fresh strikes against Yemen’s Houthis

    Washington is seeking to reduce the Iran-backed Houthis' capabilities, but the Yemeni rebels are still able to attack despite a week of strikes, and they have vowed that they will keep targeting merchant vessels. The Houthis began striking Red Sea shipping in November, saying they were hitting Israeli-linked vessels in support...
  • Israel to allow flour shipments for Gaza through key port: US

    Three UN agencies -- the World Food Program (WFP), UNICEF and the World Health Organization (WHO) -- pushed for the opening of Ashdod in a joint statement on Monday. The use of Ashdod, located some 25 miles (40 kilometers) north of the Gaza border, is "critically needed by aid agencies,"...
  • US drone crashes in Iraq, Islamic resistance fighters claim hit

    US and allied forces in Iraq and Syria have been hit by some 140 attacks since mid-October, according to the Pentagon -- many of which have been claimed by the Islamic Resistance in Iraq. On January 4, a US strike in central Baghdad killed a pro-Iran commander who Washington said...
  • China exhorts end of ‘harassment’ of civilian vessels in Red Sea

    Beijing, China--China called for an end to "harassment" of civilian vessels in the Red Sea on Friday after attacks on ships by Houthi rebels in solidarity with Palestinians in Gaza.Houthi aggression against vessels in and around the Red Sea has led to retaliatory strikes in Yemen by US and British forces.Some shipping...
  • Houthis say US ship hit in latest attack, promise safe passage for Russian, Chinese ships

    In its own statement, the US military's Central Command, which is responsible for the Middle East, said the Houthis on Thursday night "launched two anti-ship ballistic missiles at M/V Chem Ranger, a Marshall Island-flagged, US-Owned, Greek-operated tanker".
  • Akasa Air orders 150 Boeing planes

    Akasa Air will buy 737 MAX planes, which no Indian airline uses.
  • Google CEO says more layoffs are likely this year

    SAN FRANCISCO, US - Google CEO Sundar Pichai has warned employees that more layoffs are in store at the search engine giant as it focused on new priorities, including artificial intelligence."These role eliminations are not at the scale of last year's reductions and will not touch every team. But I know...
  • US, UK launch new strikes on Houthi targets in Yemen

    A Houthi military official told the rebels's Al-Masirah TV that fighters will continue to target Israeli ships heading to "the ports of occupied Palestine, no matter how the American-British aggression tries to prevent us from doing so." US media quoted US officials as saying another round of strikes had been...
  • Shell halts Red Sea shipments over attack fears, say report

    WASHINGTON, US - British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely, over fears of escalating tensions involving Yemen's Houthi rebels, according to a media report on Tuesday.The worries of escalation grew after United States and United Kingdom strikes on scores of sites in rebel-held...
  • Goldman Sachs profits up 58%

    Revenues rose seven percent to $11.3 billion.
  • Turkish strikes leaves hundreds of Syrian villages without electricity

    Qamishli, Syria - Hundreds of northeast Syrian villages and towns have lost power after Turkish strikes pounded electricity stations and infrastructure, the region's semi-autonomous Kurdish administration said on Monday.The Kurdish administration said Turkey launched a slew of strikes since Friday, mostly concentrated on infrastructure including power stations and oil refineries.Turkey said...
  • China says ‘firmly opposed’ to all official US-Taiwan exchanges

    "China has always firmly opposed any form of official exchanges between the United States and Taiwan, and resolutely rebutted the United States for interfering in Taiwan's affairs in any way and under any pretext," foreign ministry spokeswoman Mao Ning told a regular press conference.
  • US downs missile fired from Yemen at American warship

    The Houthis have said they are acting in solidarity with the besieged Gaza Strip, where Hamas fighters have been battling Israel forces for more than three months. Earlier, the United States denied Yemeni rebel reports that it carried out new attacks Sunday on rebel targets in Yemen.
  • US targets Houthis in new strikes over Red Sea threat

    Violence involving Iran-aligned groups in Yemen, Lebanon, Iraq and Syria has surged since the war in Gaza began in early October. The Houthis, who say they are acting in solidarity with Gaza, have carried out a growing number of attacks on what they deem Israeli-linked shipping on the key Red...
  • Thousands march in US, UK for Gaza ‘day of action’

    Saturday's marches held particular significance given US and British air strikes in Yemen this week against Houthi bases, after the Iran-backed fighters attacked ships in the Red Sea in solidarity with Gaza. The day of action, called by a British organizing coalition, involved protests in 30 countries.
  • Hamas says Israeli shelling leaves 60 dead in Gaza

    Health officials in Hamas-ruled Gaza said that Israeli strikes overnight killed at least 60 people in the besieged territory, which was also grappling with a telecommunications blackout on the war's 99th day. Fears of the conflict widening intensified after US and British forces struck Houthi rebels in Yemen following attacks...
  • US sanctions Hong Kong, UAE firms over Houthi support

    The move comes hours after US and UK forces launched strikes against the Houthi rebels, seeking to halt their repeated attacks on shipping in the Red Sea. The Houthi's attacks, which the group says are in protest at Israel's war against Hamas, has forced cargo ships to avoid the Suez...
  • Oil prices rise on Red Sea escalation, corporate earnings season

    Crude prices spiked more than four percent before ebbing somewhat after the allies launched deadly strikes following weeks of disruptive rebel attacks on Red Sea shipping. An analyst at SEB bank said if the US-UK attacks were unsuccessful in destroying Houthi weapons, and oil tankers need to go around Africa,...
  • UNSC to meet on US-UK strikes against Houthi rebels

    The UN Security Council will hold an emergency meeting over the strikes carried out by the United States and Britain against Houthi rebels in Yemen, the chamber's presidency said. France, which holds the rotating presidency for the month of January, said the emergency meeting had been requested by Russia.
  • Yemen’s Houthi rebels have built a significant arsenal  

    DUBAI, UAE - Yemen's Houthi rebels, who vowed to retaliate against US and British strikes early on Friday against key military sites, have built up a significant arsenal, including cruise missiles and drones.Since the Israel-Hamas war broke out on October 7, the Iran-backed Houthis have carried out a spate of attacks...
  • Oil prices rise after US, UK strike Houthi rebels

    Oil prices surged four percent after US and UK forces launched strikes against Iran-backed Houthi rebels after attacks on ships in the Red Sea, fueling worries about a wider conflict. Tokyo and European stock markets ended the week with gains as traders brushed off data showing US inflation rose more...
  • Turkey and Gulf nations condemn US, UK airstrikes on Yemen

    "First of all, they are not proportional. All of these constitute disproportionate use of force," Erdogan told journalists after Friday prayers in Istanbul. Oman, a mediator in attempts to end Yemen's long-running civil war, expressed its "worry" at the strikes on Houthi rebel military targets that, according to the Houthis,...