Search Site

Trends banner

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Truss at UN vows UK military aid ‘until Ukraine prevails’

Truss also called for economic unity as a powerful tool against aggression. (AFP)
  • Truss's comments came amid growing resentment in some quarters of the developing world over the West's massive spending on weapons for Ukraine
  • The Conservative leader also said that the United Kingdom was committed to spending three percent of its GDP on defense by 2030
British Prime Minister Liz Truss vowed Wednesday before the United Nations to keep up military aid to war-ravaged Ukraine until it triumphs against Russia.

Truss became the latest Western leader at the UN General Assembly in New York to rail against Russian President Vladimir Putin, who hours earlier mobilized reservists in a clear sign he is in no rush to end the conflict.

Putin’s move only highlights the “catastrophic failure” of Russia’s invasion of its neighbor, and reinforced the resolve of Western allies to back Kyiv, she said.

“We will not rest until Ukraine prevails,” Truss told the UN General Assembly on her first trip since taking office, noting that “new UK weapons are arriving in Ukraine as I speak.”

“At this crucial moment in the conflict, I pledge that we will sustain or increase our military support to Ukraine for as long as it takes.”

The Conservative leader also said that the United Kingdom was committed to spending three percent of its GDP on defense by 2030, considerably higher than the two percent commitment to defense spending by NATO members.

Her comments came amid growing resentment in some quarters of the developing world over the West’s massive spending on weapons for Ukraine.

Truss also called for economic unity as a powerful tool against aggression.

“The G7 and our like-minded partners should act as an economic NATO, collectively defending our prosperity,” she said in her address.

“If the economy of a partner is being targeted by an aggressive regime, we should act to support them — all for one, and one for all.”

Western powers such as Germany have increasingly sought to decrease their dependence on oil and gas from Russia, seen as key leverage for Putin.