Tag: United Arab Emirates

Nations Brace for Long-Term Economic Woes as Trump Calls Iran Truce Plan ‘Garbage’

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Countries were bracing on Monday for prolonged economic woes stemming from high energy prices after President Trump called the latest Iranian offer to end the war and reopen the Strait of Hormuz “garbage” and declared that the cease-fire was “on massive life support.” Mr. Trump, speaking to reporters in the Oval Office, reiterated that Iran could not be allowed to develop a nuclear weapon and likened the truce announced last month to a patient with a “1 percent chance” of survival. Iran’s state-owned broadcaster reported on Monday that in its…

How the U.S. Is Trying to Ensure the Dollar’s Dominance During Economic Turmoil

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The summit between President Trump and China’s top leader, Xi Jinping, in Beijing this week is likely to include tense discussions about tariffs, Taiwan, Iran and sanctions. But simmering below the surface is another battle between the United States and China: an intensifying currency war. Concerns about America’s mounting debt load and its aggressive use of sanctions to cut adversaries off from the Western financial system have raised doubts about the safety of the dollar as the world’s reserve currency. Those fears have led to growing demand for gold and…

Five tech trends we’ll be watching in 2026

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Hello, and welcome to TechScape. I’m your host, Blake Montgomery, wishing you a happy New Year’s Eve filled with cheer, champagne and Mariah Carey’s comically awful rendition of Auld Lang Syne. Today, we’re looking forward to the next year in technology news. I am watching five trends I think will define the year: datacenters will see rapid proliferation beyond the US and China; billionaires will reap billions more; self-driving cars will park themselves in a slew of brand-new locales; AI will find its niche at work; and consumer tech will…

The Guardian view on Brics growing up: A new bloc seeks autonomy – and eyes a post-western order | Editorial

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The Brics summit in Brazil last week revealed a loose alliance of emerging powers becoming more complex – and perhaps more consequential. For Brics, heft matters. It now counts 11 member states – including Indonesia, which joined this year – representing half the world’s population and 40% of the global economy, outpacing the G7 by $20tn. Yet its size hides its contradictions. The grouping’s call for more inclusive global institutions sounds welcome, but there is a preponderance of autocracies within its own ranks. Brics is right that international law should…

A.I. Giant Tied to China Under Scrutiny

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A U.S. congressional committee has asked the Commerce Department to look into whether a giant technology company controlled by the ruling family of the United Arab Emirates should be put under trade restrictions because of its ties to China. The company, G42, specializes in artificial intelligence and other emerging technologies, and is overseen by Sheikh Tahnoon bin Zayed, the national security adviser of the Emirates and a younger brother of the country’s ruler. It has signed recent agreements with prominent American technology companies, including Microsoft, Dell and OpenAI. A Silicon…

Who’s who at Cop28: the leaders with the world’s future in their hands

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Cop28 officially opens on 30 November in Dubai in the United Arab Emirates, and the conference is scheduled to end on 14 December, although is likely to run later. World leaders will attend the world climate action summit segment on 1 and 2 December and after they depart the crunch negotiations will be done by their representatives, environment ministers or other high-ranking officials. Sultan Al Jaber, Cop28 president Sultan Al Jaber. Photograph: Kamran Jebreili/AP Sultan Al Jaber, the president-designate of Cop28, is minister for advanced technology in the government of…

Warnings Emerge Over Emirati A.I. Firm G42’s Ties to China

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When the secretive national security adviser of the United Arab Emirates, Sheikh Tahnoon bin Zayed, visited the White House in June, his American counterpart, Jake Sullivan, raised a delicate issue: G42, an artificial intelligence firm controlled by the sheikh that American officials believe is hiding the extent of its work with China. In public, the company has announced its staggering growth with a steady cadence of news releases. They have included agreements with European pharmaceutical giants like AstraZeneca and a $100 million deal with a Silicon Valley firm to build…

EU climate chief: China must help fund rescue of poorer nations hit by disaster

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China and other big developing nations must pay into a fund to rescue poor countries stricken by the climate disaster, the EU’s climate chief has said as world leaders prepare to gather in Dubai for a crucial climate summit. Wopke Hoekstra, EU commissioner for climate action, said there was no longer any reason to exclude big emerging economies with high greenhouse gas emissions such as China and petrostates in the Gulf from the obligation to provide aid to the poorest and most vulnerable countries. “We need so much more money…

US behind more than a third of global oil and gas expansion plans, report finds

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The US accounts for more than a third of the expansion of global oil and gas production planned by mid-century, despite its claims of climate leadership, research has found. Canada and Russia have the next biggest expansion plans, calculated based on how much carbon dioxide is likely to be produced from new developments, followed by Iran, China and Brazil. The United Arab Emirates, which is to host the annual UN climate summit this year, Cop28 in Dubai in November, is seventh on the list. The data, in a report from…

The BRICS Group Announces New Members, Expanding Its Reach

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The BRICS club of emerging nations — Brazil, Russia, India, China and South Africa — was at a crossroads when its leaders arrived in South Africa earlier this week for their annual summit. Should it follow the path of more moderate members like India and try to work within the Western-dominated global system? Or should it tack toward China by adding new members that would signal stricter opposition to the United States? On Thursday, the bloc revealed its decision, adding six new countries, including the staunchly anti-Western Iran, in an…