Search Site

Trends banner

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

G7 says diplomatic solution is still possible in Middle East

Iran Israel
Iran's missile attack against Israel has further increased tensions in the region. (AFP)
  • Italian Prime Minister Giorgia Meloni called a telephone meeting of the body Wednesday to address the escalating Mideast crisis.
  • "In a constantly evolving scenario, it was agreed to work together to promote a reduction of tensions at the regional level," said the statement released by the Italian government.

Rome, Italy — The G7 on Wednesday vowed to work together to reduce tensions in the Middle East and said a diplomatic solution to prevent widening conflict “is still possible”.

Italian Prime Minister Giorgia Meloni — whose country holds the G7 presidency this year — called a telephone meeting of the body Wednesday to address the escalating Mideast crisis following Tuesday’s direct attack on Israel by Iran.

“In a constantly evolving scenario, it was agreed to work together to promote a reduction of tensions at the regional level,” said the statement released by the Italian government.

“In expressing strong concern for the escalation of these last hours, it was reiterated that a conflict on a regional scale is in no one’s interest and that a diplomatic solution is still possible,” said the statement, which reiterated the G7’s “firm condemnation” for Iran’s attack against Israel.