Skip to main content

Israeli occupier attacks threaten historic Christian presence in West Bank town

In Taybeh, one of the few Palestinian communities with a Christian majority in the occupied West Bank, fears are growing that Israeli occupier attacks on farmland and property could push more families to emigrate, threatening the town’s demographic character and historic Christian presence. Local officials and clergy warned of the impact of rising violence by Israeli occupiers, which has coincided with worsening living and economic conditions in the town. Taybeh, east of Ramallah, is one of the few Palestinian towns in the West Bank that still has a Christian majority, according to church and local accounts. Residents say the town’s Christian roots go back thousands of years. Residents say the attacks have deepened fears in the town, even as they stress their determination to remain on their land. Also Read: Pakistan raises red flag over illegal settlements in West Bank, calls for Israel accountability In recent years, Israeli occupiers have established several ill...

Tech market values fall on AI costs and recession fears

Market values of major technology companies declined significantly in August, driven by mounting concerns over the rising costs associated with artificial intelligence infrastructure and fears of an impending recession. The combined effect of these factors has heightened vulnerabilities for tech stocks, particularly as investors brace for potential market corrections. Alphabet Inc. saw a 4.7% decrease in its market value last month. This decline was largely attributed to a slowdown in YouTube's advertising revenue, which raised doubts about the company's future earnings. Additionally, a recent US judge's ruling found Google in violation of antitrust laws, further compounded by increasing competition from OpenAI, which is advancing an AI-based search engine prototype. In the automotive sector, Tesla faced challenges as it began exporting Shanghai-made electric vehicles to Canada. Concerns have arisen regarding the impact of this shift on profits, especially given the higher costs associated with the company's US production facilities. Nvidia, a leading player in the AI chip market, experienced a notable 7.7% drop in market value in the final week of August, bringing its valuation to $2.92 trillion. The company reported third-quarter gross margins below market estimates and revenues that only met expectations, which fell short of investor hopes for a stronger performance. Despite commanding over 80% of the AI chip market, Nvidia's struggles highlight the delicate balance it faces between being a key enabler and beneficiary of AI advancements. On a more positive note, US drugmaker Eli Lilly saw its market value surge nearly 20% in August. The increase was driven by strong sales and the successful launch of a new weight-loss drug, which significantly reduces the risk of type 2 diabetes in overweight adults. Berkshire Hathaway also marked a milestone by closing above $1 trillion in market value at the end of August. This achievement reflects investor confidence in the conglomerate, which has been built by Warren Buffett over nearly six decades and is seen as a barometer for the US economy.

from Latest World News, International News | Breaking World News https://ift.tt/Ry13bTN

Comments

Popular posts from this blog

At least 32 miners dead after bridge fails at cobalt site in southeast DR Congo

A bridge collapsed at a cobalt mine in southeast Democratic Republic of Congo killing at least 32 wildcat miners, a regional government official said Sunday. The bridge came down Saturday onto a flooded zone at the mine in Lualaba province, Roy Kaumba Mayonde, the provincial interior minister, told reporters. He said 32 bodies had been recovered and more were being searched for. The DRC produces more than 70 percent of the world supply of cobalt, which is essential for batteries used in electric cars, many laptop computers and mobile phones. More than 200,000 people are estimated to be working in giant illegal cobalt mines in the giant central African country. Local authorities said the bridge collapsed at the Kalando mine, about 42 kilometres (26 miles) southeast of the Lualaba provincial capital, Kolwezi. "Despite a formal ban on access to the site because of the heavy rain and the risk of a landslide, wildcat miners forced their way into the quarry," said Mayonde. He said ...

Indian devotees splurge on jets, gold idols as Hindu temple opens

The private jet parking lots at airports near the Indian city of Ayodhya are full and the shops have run out of gold-plated idols, as wealthy devotees prepare for the invite-only opening ceremony of one of Hinduism's holiest temples. Indian Prime Minister Narendra Modi and Asia's richest man Mukesh Ambani are among the 8,000 or so attendees at Monday's inauguration event for the Ram Temple, which devotees believe is built on the birthplace of Lord Ram, a sacred Hindu deity. The construction of the temple, which began after the Supreme Court awarded the site to Hindus in 2019 more than two decades after a Hindu mob razed a mosque there, triggering deadly riots, fulfils a key campaign promise of Modi and his Hindu nationalist party. Read BJP-promised temple transforms Ayodhya: Muslims, locals feel neglected The opening ceremony, organised by the trust that built the temple, comes months before a national election which the ruling Bharatiya Janata Party is widely expected to w...

Indian opposition supporters detained ahead of protest at Modi's home

Police in the Indian capital detained dozens of opposition supporters on Tuesday as they attempted to march to Prime Minister Narendra Modi's residence to protest against last week's arrest of Delhi Chief Minister Arvind Kejriwal. Kejriwal, a key opposition leader whose Aam Aadmi Party (AAP) has governed the national capital territory for a decade, was arrested by the financial crime-fighting agency on corruption charges relating to the city's liquor policy, weeks before India begins voting in general elections on April 19. He was remanded to the custody of the Enforcement Directorate until March 28, with the lawyer for the agency arguing he was the "kingpin" in the case and needed to be interrogated. Kejriwal's party, all of whose main leaders are now imprisoned in connection with the case, says he has been "falsely arrested" in a "fabricated case". The federal government and Modi's Bharatiya Janata Party (BJP) deny political interfere...