World

World Bank Sees Slow and Steady Global Growth
World Bank Sees Slow and Steady Global Growth

Global growth should remain stable this year and next, but at recent historic lows, the World Bank said Thursday, expressing particular concern about growth in developing countries. Growth should hit 2.7 percent in 2025 and 2026, in line with the level reached last year, the World Bank announced in a new report, adding that inflation and interest ...

London's FTSE 100 stocks index hits record high
London's FTSE 100 stocks index hits record high

London's benchmark FTSE 100 index reached an all-time high in early trading Friday, lifted by renewed optimism over the global economy. The index jumped 1.0 percent to 8,475.35 points, slightly surpassing a record achieved in May last year. Around 0900 GMT, it stood at 8,472.67 points. British stocks have been boosted in recent days by a drop ...

Chinese economic growth among slowest in decades
Chinese economic growth among slowest in decades

China posted one of its slowest rates of economic growth in decades Friday, as leaders nervously eye a potential trade standoff with incoming US president Donald Trump. Beijing has announced in recent months its most aggressive support measures in years in a bid to reignite an economy suffering on multiple fronts, including a prolonged property ...

SpaceX Catches Starship Booster Again, but Upper Stage Explodes
SpaceX Catches Starship Booster Again, but Upper Stage Explodes

Hours after Jeff Bezos's Blue Origin nailed its first-ever orbital mission, SpaceX seized back the spotlight on Thursday as its latest test of Starship, its gargantuan next-generation megarocket, ended with the upper stage dramatically disintegrating over the Atlantic. In terms of sheer excitement, Elon Musk's company didn't disappoint, ...

Russia And Iran Expected To Sign a ‘Strategic Partnership'
Russia And Iran Expected To Sign a ‘Strategic Partnership'

Russian President Vladimir Putin and his Iranian counterpart Massoud Pezeshkian are due to sign a ‘comprehensive strategic partnership’ in Russia on Friday, presented as a new stage in the growing alliance between the two countries. Subject to international sanctions that restrict trade, Russia and Iran have become close allies in recent ...

Gaza Agreement: Is Trump Taking Credit from Biden?
Gaza Agreement: Is Trump Taking Credit from Biden?

The announcement on Wednesday of a ceasefire in Gaza, scheduled to take effect on Sunday after months of deadly conflict, marked a significant diplomatic breakthrough. However, in the United States, the agreement has triggered another battle – over who deserves the credit: outgoing President Joe Biden or President-elect Donald Trump, whose ...

Qatar PM: Doha to Help  Rehabilitate Syria Infrastructure
Qatar PM: Doha to Help Rehabilitate Syria Infrastructure

Qatar's prime minister vowed Thursday to support the rehabilitation of Syria's infrastructure, devastated by nearly 14 years of civil war, during his first visit to Damascus since Islamist-led forces seized power last month. "We will provide the necessary technical support to make the needed infrastructure operational again and provide support ...

The Text of the Gaza Ceasefire Agreement
The Text of the Gaza Ceasefire Agreement

The Times of Israel has published what it claims is the text of the agreement between Israel and Hamas. It states that the agreement, labeled as Appendix I, complements the Israeli plan for an agreement with Hamas, which was officially put forward on May 27, 2024, and was publicly introduced by US President Joe Biden on May 31, 2024. This ...

EU Announces 120 mn Euros in Gaza Aid After Ceasefire
EU Announces 120 mn Euros in Gaza Aid After Ceasefire

The EU said Thursday it would deliver 120 million euros ($123 million) in new aid for war-torn Gaza, a day after the announcement of a ceasefire and hostage release deal. The European Commission, the EU's executive arm, said the new package brought the EU's humanitarian assistance to the Palestinian territory to more than 450 million euros since ...

Israel Accuses Hamas of Backtracking on Fragile Ceasefire Deal
Israel Accuses Hamas of Backtracking on Fragile Ceasefire Deal

Israel accused Hamas on Thursday of backtracking on parts of a fragile ceasefire and hostage release deal in the Gaza war, and carried out fresh air strikes ahead of an expected vote by the cabinet. The truce, announced by mediators Qatar and the United States on Wednesday, would take effect on Sunday and involve the exchange of Israeli hostages ...

IEA Forecasts Record Nuclear Electricity Production in 2025
IEA Forecasts Record Nuclear Electricity Production in 2025

Nuclear-powered electricity generation is set to hit a record level in 2025, accounting for nearly 10 percent of global production, the International Energy Agency forecast on Thursday. The leading energy monitor said in a report that 70 gigawatts of new generating capacity were under construction worldwide – one of the highest levels in 30 ...