30-12-2025 MARYLAND: Cyclones and floods in south-east Asia this autumn killed more than 1,750 people and caused more than $25bn (£19bn) in damage, while the death toll from California wildfires topped 400 people, with $60bn in damage, according to research on the costliest climate-related disasters of the year. China’s devastating …
Read More »Palestinian economy suffers worst-ever collapse
29-12-2025 RAMALLAH/ WEST BANK: The Palestinian economy is undergoing a severe downturn, driven by Israel’s continued assault on Gaza, intensified restrictions on movement and trade in the occupied West Bank, and a sharp decline in both domestic and external financial resources. As the Palestinian government struggles to manage an escalating …
Read More »Israel recognizes Somaliland as independent state: Netanyahu
29-12-2025 JERUSALEM/ HARGEISA: Israel has become the first country to formally recognize Somalia’s breakaway region of Somaliland as an independent nation. Prime Minister Benjamin Netanyahu, said Israel intended to immediately expand cooperation in agriculture, health, and technology. Somaliland’s president, Abdirahman Mohamed Abdullahi, called the development “a historic moment”. Recognition by …
Read More »US-backed airstrikes in Nigeria hit two ISIS-linked camps
29-12-2025 PALM BEACH/ LAGOS: US-backed air strikes in Nigeria hit two Islamic State-linked camps in the Bauni forest of Sokoto State, targeting foreign fighters infiltrating from the Sahel, the Nigerian government said. The strikes carried out on Thursday were approved by President Bola Tinubu and launched from maritime platforms domiciled …
Read More »Myanmar goes to polls amid civil war & humanitarian crisis
29-12-2025 NAYPYIDAW: Myanmar heads to the polls on Sunday as it battles a civil war that has ravaged parts of the country as well as one of Asia’s worst humanitarian crises. Already one of Southeast Asia’s poorest countries, Myanmar has been hammered by a conflict triggered by a 2021 coup …
Read More »India’s water crunch brews risks for beverage giants
29-12-2025 Bureau Report NEW DELHI/ ALWAR: Foreign companies operating in India have long grappled with complex regulations and confusing tax laws. In the northwestern state of Rajasthan, some of the world’s biggest beverage firms face the additional challenge of securing and managing dwindling water supplies while navigating strict government rules …
Read More »Thailand & Cambodia agree to ‘immediate’ ceasefire
29-12-2025 BANGKOK/ PHNOM PENH: Thailand and Cambodia agreed to an “immediate” ceasefire on Saturday, the two countries said in a joint statement, pledging to end weeks of deadly border clashes. At least 47 people were killed and more than a million displaced in three weeks of fighting with artillery, tanks, …
Read More »Netanyahu pushes for more strikes on Iran
29-12-2025 WASHINGTON/ JERUSALEM: Israeli Prime Minister Benjamin Netanyahu has been warning of a grave Iranian threat to Israel and the world for more than 30 years. United States President Donald Trump heeded those warnings in June and bombed Tehran’s nuclear facilities but it appears that Netanyahu is still not satisfied …
Read More »Japan’s cabinet approves record $785 billion budget
TOKYO: Japanese Prime Minister Sanae Takaichi’s cabinet on Friday approved a record $785 billion budget for the next fiscal year, aiming to strike a balance between her proactive fiscal policy and debt blowout concerns by limiting new bond issuance. Faced with rising government bond yields and a weak yen, the …
Read More »Malaysian ex-PM Najib found guilty in 1MDB trial
KUALA LUMPUR: Former Malaysian Prime Minister Najib Razak was found guilty of abuse of power and money laundering by the Kuala Lumpur High Court in a major trial related to a multibillion-dollar scandal over the country’s sovereign wealth fund, 1MDB, on Friday. What was the verdict against Najib? Najib, 72, …
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