Saudi Aramco quarterly profit climbs 34.6% amid elevated oil prices
RIYADH: Saudi oil giant Aramco on Tuesday announced a 34. 6 percent jump in third-quarter net profit, as the Middle East war keeps crude prices high even while the kingdom’s energy infrastructure comes under regular attack.
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Alberta Tabled Controversial Riding Boundary Maps Amid Gerrymandering Accusations
Alberta’s contentious new electoral riding boundary proposals were released to the public on Monday, triggering immediate condemnation from Opposition Leader Naheed Nenshi, who accused Premier Danielle Smith’s United Conservative government of attempting to rig the next election. The tabling of the maps sets the stage for a legislative debate and potential legal battles over the fairness of the redrawn districts.
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Washington reports movement in Iran negotiations aimed at preventing escalation
WASHINGTON: US President Donald Trump signaled progress on Monday in talks with Iran to avoid a return to war, as Tehran reported “intensive” exchanges and offered to reopen the Strait of Hormuz under strict conditions. The diplomatic signals came ahead of Tuesday’s US midterm elections, in which Trump’s Republican Party is trying to keep control of Congress amid voter dissatisfaction over the conflict and the soaring fuel prices it has caused.
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Hong Kong court set to sentence activist Joshua Wong in security case
HONG KONG: A Hong Kong court will sentence pro-democracy activist Joshua Wong on Thursday in his second national security trial, which could see him jailed for life, as reported by the judiciary’s website. The website showed on Tuesday that a sentencing hearing was scheduled for Nov 5.
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Korea’s Labor Share of GDP Hits Record Low Amid Semiconductor Boom
South Korea’s labor share of gross domestic product has fallen to its lowest level since comparable data began in 2010, hitting 41.1% in the second quarter. This decline coincides with a surge in corporate profits driven by the semiconductor industry, prompting experts to call for government intervention to address growing economic polarization.
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Australia raises benchmark rate to highest level in 18 years
SYDNEY: Australia’s central bank raised its central interest rate to an 18-year high on Tuesday, citing the prolonged war in the Middle East and persistent inflationary pressures. In a statement, the Reserve Bank of Australia (RBA) said it would raise its cash rate by 25 basis points to 4.
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littlefish and Halo Dot Partner to Replace Payment Terminals with SoftPOS
Merchant operating system provider littlefish and enterprise SoftPOS technology developer Halo Dot have announced a strategic partnership designed to help financial institutions replace traditional payment terminals with secure mobile solutions. The collaboration integrates Halo Dot’s certified contactless payment infrastructure directly into the littlefish platform, allowing banks and merchant acquirers to offer a unified software-based solution that combines payment acceptance with business management tools.
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'The Remarried Empress' Cast Discusses Bringing Fantasy Royal Drama to Life
Disney+ has launched its highly anticipated royal fantasy series "The Remarried Empress" ahead of schedule, offering viewers a glimpse into a lavish, fictional empire. At a press event in Seoul, the main cast detailed the complexities of adapting the hit web novel, from navigating unfamiliar court etiquette to performing alongside computer-generated counterparts.
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Kuwait inspectors destroy 115 kilograms of unverified meat in Farwaniya
KUWAIT: The Public Authority for Food and Nutrition (PAFN) issued nine violation reports and destroyed 115 kilograms of meat of unknown origin during an inspection tour of food establishments in Farwaniya Governorate, the authority announced on Monday. The tour was carried out by the authority’s Farwaniya food inspection department.
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Asian stocks retreat as AI worries outweigh steep oil-price drop
HONG KONG: Asian stock markets struggled on Tuesday after another AI-fueled tech selloff on Wall Street outweighed a plunge in oil prices and signs of a possible breakthrough in talks to end the Iran war. Investors were also watching the US midterm elections.
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