Houthi attacks in the Red Sea caused a shortage of parts.

US President Joe Biden termed the the US and British strikes a "defensive action" after the Red Sea attacks, and said he "will not hesitate" to order further military action if needed. The strikes involved fighter jets and Tomahawk missiles, several US media outlets said. US officials did not immediately...

The man-made waterway - which officially opened in 1869 - is crucial for Egypt, earning it $9.4 billion in transit fees in the fiscal year 2022/23. Since the Iran-backed Houthis began attacking ships in response to Israel's bombardment of the Gaza Strip, companies have opted for the far longer route...

King Abdullah, in a meeting Sunday with US Secretary of State Antony Blinken, called on the United States to press Israel for an "immediate ceasefire" and to put an end to the humanitarian crisis brought by the Gaza war. King Abdullah had also warned Blinken against "the catastrophic repercussions of...

WASHINGTON, US - The World Bank expected the UAE's real GDP to grow by 3.4 percent in 2023, rising to 3.7 percent in 2024 and to 3.8 percent in 2025.According to the Global Economic Prospects report released on Tuesday, the World Bank forecast the growth in the Gulf Cooperation Council...

Tokyo, Japan - Tokyo stocks closed higher on Tuesday on the back of gains in US tech stocks, pushing the Nikkei index to a 33-year high.The benchmark Nikkei 225 index climbed 1.16 percent, or 385.76 points, to end at 33,763.18, while the broader Topix index added 0.82 percent, or 19.55 points,...

Global growth is set to slow from an estimated 2.6 percent in 2023 to 2.4 percent this year, 0.75 percentage points below the average of the 2010s, the World Bank said in its latest report on the health of the global economy. If the forecast proves accurate, 2024 would mark...

US top diplomat Antony Blinken also said all the leaders on his tour, which took him to six countries before heading to Israel, had agreed to work with the US to help Gaza's recovery and long-term stability. He was speaking after meeting Crown Prince Mohammed bin Salman in a lavish...

In an attempt to lower recriminations in the relations between the two countries, President Joe Biden met Chinese counterpart Xi Jinping in San Francisco in November for talks that both sides described as a qualified success. Beijing and Washington have butted heads in recent years on flashpoint issues from technology...

Hong Kong, China - Asian markets stumbled out of the gates Monday, extending last week's grim start to the year, after a forecast-busting US jobs report further dampened hopes for an early interest rate cut.The keenly awaited non-farm payrolls data Friday showed the world's number one economy remains resilient despite interest...

"We have repeatedly expressed our views to the authorities of the countries of the region, including Iraq, and declared that the presence of American forces in any form whatsoever... would not help to maintain stability and peace," said Iranian foreign ministry spokesman Nasser Kanani.

WASHINGTON, US - Apple on Monday said it will release its highly anticipated Vision Pro mixed reality headset in the United States on February 2, in its first major release since the Apple Watch in 2015.Announced in June, the Vision Pro will cost a hefty $3,499 before tax, more than double...

It delivered 6,032 cars in 2023, the highest in its 119-year history.

Turkish Airlines said that it would stop flying five Boeing 737 MAX 9 jets in its fleet even as the US air safety regulator said it was grounding some of these jets pending inspections after a panel blew out of one of the planes in midair in the United States,...

The Houthis say they are targeting Israel and Israeli-linked vessels to push for a stop to the offensive in Gaza. The attacks are endangering a transit route that carries up to 12% of global trade, prompting the US to set up a multinational naval task force to protect Red Sea...

ISTANBUL, TURKEY - Hamas leader Ismail Haniyeh has called on US Secretary of State Antony Blinken to use his current Middle East tour to end Israel's "aggression" as war rages in Gaza.The top US diplomat arrived in Turkey on Friday at the start of a trip that includes planned visits...

Beirut, Lebanon - Lebanon's Hizbollah fired on Saturday over 60 rockets at an Israeli military base, the group said, describing the barrage as a response to the killing of Hamas's deputy leader in Beirut."As part of the initial response to the crime of assassinating the great leader Sheikh Saleh al-Aruri... the...

Most large international shipping companies have decided to reroute trading to avoid the Red Sea and Suez Canal through which 12 percent of world trade usually passes. The Houthis say the strikes are in solidarity with Palestinians in war-ravaged Gaza, which Israel has bombarded relentlessly for three months, in what...

Sudani, whose government relies on support from Tehran-aligned parties, has repeatedly said in recent weeks he would like to see foreign troops leave Iraq. But the latest remarks came amid soaring regional tensions, with the repercussions of the Israel-Hamas war, raging for nearly three months, increasingly felt in Iraq and...

Turkish President Recep Tayyip Erdogan has turned into one of the Muslim world's harshest critics of the scale of death and destruction happening in Gaza -- and of Washington's support for Israel. The US State Department on Friday announced $10 million rewards for information about five alleged Hamas foreign operatives...

China is a vital component in US-based Tesla's global layout.

Annalena Baerbock will hold talks with Israel's new Foreign Minister Israel Katz, as well as President Isaac Herzog, foreign ministry spokesman Sebastian Fischer told a regular press conference on Friday. She will also meet with Palestinian Authority president Mahmud Abbas and foreign minister Riyad al-Maliki.

NEW YORK, US - Former US president Donald Trump's businesses received at least $7.8 million from foreign governments including China during his time in the White House, a congressional report claimed.Officials from Saudi Arabia, India, Turkey and Democratic Republic of Congo were among some 20 countries' representatives who paid money to...

Baghdad, Iraq - A "US strike" in Baghdad on Thursday killed a military commander of the Hashed al-Shaabi, the ex-paramilitary force said, with an Iraq security official reporting two deaths in a drone attack."A drone targeted the logistical support headquarters of Hashed al-Shaabi," mainly pro-Iranian former paramilitary units integrated into the...

Saudi Arabia and Qatar condemned comments by two Israeli ministers calling for Palestinians to emigrate from the Gaza Strip. Israel's National Security Minister Itamar Ben-Gvir on Monday called for promoting "a solution to encourage the emigration of Gaza's residents" and the re-establishment of Israeli settlements in the Gaza Strip.

ACCRA, GHANA - A United Arab Emirates delegation led by Dr. Rashed Ali Al Kaabi, Assistant Minister of Foreign Affairs for Security and Military Affairs, participated in the United Nations’ Peacekeeping Ministerial Meeting here.The ministerial meeting was the first to be held in Africa with previous sessions taking place in...

The World Bank raised its target for climate-related projects from 35% of its annual financing to 45%. Given that the Bank's lending commitments in the most recent financial year were less than $130bn, the only way to get close to this target is by encouraging far greater private sector participation,...

The Essex County prosecutor, Ted Stephens, confirmed Hassan Sharif was shot more than once, and that "it does not appear the imam was the victim of a bias crime or that this is related to terrorism." Images published by the New Jersey chapter of the Council on American-Islamic Relations (CAIR) showed...

The two explosions -- labelled a "terrorist attack" by state media and regional authorities -- came amid high Middle East tensions over the Israel-Hamas war in Gaza and the killing of a Hamas senior leader in Lebanon on Tuesday. The unclaimed attacks, which sparked fears of a widening conflict in...

Antony Blinken will leave Washington on Thursday evening on a trip that will include Israel, marking his fourth trip to the region and fifth to Israel since Hamas fighters carried out the deadliest-ever attack inside Israel on October 7. No details have been offered about which Arab country he will...

Hong Kong, China - Asian markets fell Wednesday in line with a sell-off across most of the world as traders took their cash off the table after a blockbuster end to 2023, with eyes now on the release this week of Federal Reserve minutes and US jobs data.Equities surged in the...

Washington has called out both Ben-Gvir and Finance Minister Bezalel Smotrich, who have called for Israeli settlers to return to Gaza and for the territory's Palestinian inhabitants to leave. "Gaza is Palestinian land and will remain Palestinian land," the State Department said. Expelling civilians during a conflict or creating unlivable...

Tesla's stock slipped after the news was announced.

Following record highs in 2023 for the likes of Paris, Frankfurt and Tokyo, investors are predicting more gains as central banks prepare a series of interest-rate cuts as inflation cools. Oil prices rallied 2.5 percent on supply concerns after Iran dispatched a warship to the Red Sea in response to...

According to the Navy, the carrier will redeploy to its home port "as scheduled to prepare for future deployments." The Navy said it is"collaborating with Allies and partners" to shore up maritime security in the region, adding the Defense Department will continue to rely on the presence of its forces...

TEHRAN, IRAN - Iran's Alborz warship has entered the Red Sea through the strategic Bab al-Mandeb strait, Tasnim news agency reported on Monday, at a time of heightened tensions over the globally important waterway.The agency did not give specific reasons for its deployment, but noted that Iranian military vessels had operated...

The takeover was finalized for an undisclosed amount.

Yunus, 83, is credited with lifting millions out of poverty with his pioneering microfinance bank but has earned the enmity of longtime Prime Minister Sheikh Hasina, who has accused him of "sucking blood" from the poor.

NEW YORK, US – The Counter-Terrorism Committee (CTC) of the UN Security Council adopted the "Abu Dhabi Guiding Principles" and published them as an official document of the Council during the United Arab Emirates’ presidency of the CTC.This important achievement establishes a set of guidelines that address the challenges posed...

Youssef Salama, the 68-year-old former minister of religious affairs in the Palestinian Authority, was killed in a strike on the Al-Maghazi refugee camp in the central Gaza Strip, Wafa news agency and the ministry reported. Considered close to Fatah, the party of Palestinian Authority president Mahmud Abbas, Salama served as...

"The task of launching three additional reconnaissance satellites in 2024 was declared" as one of the key policy decisions for next year at a year-end party meeting, the official KCNA news agency said. Pyongyang successfully put a military spy satellite into orbit last month and has since claimed it was...

The US Central Command said the missiles were fired from the area controlled by the Iran-backed Houthi rebels, describing it as the "23rd illegal attack by the Houthis on international shipping" since November 19. The Houthis have repeatedly targeted vessels in the Red Sea with strikes they say are in...

Gaza City, Palestinian Territories - The Strip's Hamas rulers on Saturday condemned the US approval of a $147.5 million sale of high-explosive artillery munitions and related equipment to Israel.The United States announced the sale of the 155mm artillery munitions on Friday under an emergency provision that waives the normal requirement for...

Air strikes in eastern Syria "likely" launched by Israel killed at least 19 pro-Iran fighters, a war monitor said. The Syrian Observatory for Human Rights said "19 pro-Iranian fighters, including four Syrians, and six Iraqis, were killed and more than 18 were wounded" in at least nine air strikes overnight...

The Pentagon has released little information about the space drone and its mission, which was initially scheduled for December 7, and SpaceX only cited the Pentagon's mission code name -- USSF-52 -- in its statement on the launch. Earlier, the Pentagon had said the X-37B's seventh mission would entail "multiple...

Holding banners demanding an immediate ceasefire, the activists gathered in Manhattan's Bryant Park while some briefly stood in the middle of the busy Sixth Avenue in the heart of New York's Midtown district. Several women shrouded in black held baby dolls swaddled in white cloths to represent the toll the...

Through their AI chatbots, the companies "seek to free-ride on The Times' massive investment in its journalism by using it to build substitutive products without permission or payment," the lawsuit said. With the suit, The New York Times chose a more confrontational approach to the sudden rise of AI chatbots,...

The Tuesday meeting additionally provided a chance for Israel and the United States to talk about the eventual "governance and security in Gaza, a political horizon for the Palestinian people, and continued work on normalization and integration," the White House official said.

The Pentagon said in a social media post that there was no damage to ships. Some 12 drones, three anti-ship ballistic missiles and two land-attack missiles were fired by Houthis. Earlier, the rebels claimed responsibility for a missile strike on a vessel in the Red Sea and a drone attack...

A US import ban on certain Apple smartwatch models came into effect, after the Biden administration opted not to veto a ruling on patent infringements. The United States International Trade Commission (ITC) decided in October to ban Apple Watch models over a patented technology for detecting blood-oxygen levels.