Russia not in danger of trading oil at a loss, says Lavrov
MOSCOW, RUSSIA – Russia does not see the risk of trading oil at a loss due to the redistribution of...
Business
Shipping service connecting India, South East Asia with Saudi Arabia comes up
RIYADH, SAUDI ARABIA – VASI Shipping Pte Ltd has introduced a new shipping service IMS at King Abdulaziz Port in...
Business
Science
Nations closer to global guidelines on disease outbreaks, says WHO
NEW YORK, US - Governments agreed on a way forward to update disease outbreak regulations ahead of meetings to draft...
- A total of 307 amendments to the WHO International Health Regulations came in response to challenges posed by the COVID-19 pandemic.
- Governments had focused on making their countries, and the international community, better prepared for future emergencies.
Geostrategy
UAE takes part in first G20 Finance Ministers meeting in 2023
ABU DHABI, UAE - Minister of State for Financial Affairs Mohamed Hadi Al Hussaini headed the UAE delegation participating in...
- Held for the first time under the Indian presidency in Bengaluru, the meeting discussed the progress under the G20 priorities for 2023.
- The UAE team reiterated the importance of a globally coordinated multilateral action to promote climate finance.
Geostrategy
UNDP requests $113.5 million to support early recovery in Turkey
ANKARA, TURKEY - Clearing the mountains of rubble due to buildings collapse in the earthquakes that hit Turkey on February...
- Rubble removal accounts for a large share of UNDP's US$113.5 million request for funding.
- UNDP's current focus is to help prevent public health threats to affected populations and emergency responders.
Science
Boosting investment in health systems is essential, says OECD
PARIS, FRANCE - Governments should urgently adapt their health systems to better respond to future shocks, given the huge impact...
- Major investment is needed in the health workforce, alongside increased spending on prevention and digital infrastructure, says OECD
- More workers in health and social care were associated with lower mortality rates.
Business
Renewables investments record high in 2022, but need massive increase
A report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI), said although global investment in renewable...
- The report emphasizes how lending to developing countries looking to deploy renewables must be r highlights the need for public financing to play a much stronger role.
- Achieving an energy transition in line with the 1.5°C Scenario also requires the redirection of $0.7 trillion per year from fossil fuels to energy-transition related technologies.
Geostrategy
EU says Israel deporting MEP ‘deeply disappointing’
The EU called it "deeply disappointing" and "surprising" that Israel stopped and deported a Spanish MEP who had arrived for...
- Spanish Foreign Minister Jose Manuel Albares also expressed indignation and said "we are demanding an explanation from Israeli authorities".
- EU foreign affairs spokeswoman, Nabila Massrali said Miranda's deportation was "surprising" and view it as "deeply disappointing."
Geostrategy
Iran denies enriching uranium above 60 percent
Iran denied reports it has enriched uranium up to 84 percent, just below the 90 percent needed to produce an...
- The IAEA is "giving Iran the opportunity to explain because it's apparently possible that there can be so-called 'spikes' of higher levels of enrichment".
- Uranium enriched up to 90 percent purity is considered nuclear weapons-grade.
Geostrategy
Saudi meet stresses carbon capture vital for net-zero goals
Riyadh, Saudi Arabia – Net-zero goal cannot be achieved without carbon capture and there is a need to scale up...
- The King Abdullah Petroleum Studies and Research Center held a high-level roundtable on Carbon Management Technologies.
- In 2022, investment in the carbon capture utilization and storage hit $6.4 billion.
Geostrategy
Blinken reaches Turkey to support quake-hit country
US Secretary of State Antony Blinken arrived in Turkey to show support to the earthquake-hit country and NATO ally which...
- His visit comes after a 7.8-magnitude tremor hit southeastern Turkey and northern Syria killing nearly 45,000 people
- The top US diplomat arrived at Incirlik air base in southern Turkey through which the United States has shipped aid
Geostrategy
Israel slams ejection of envoy from African Union summit
Israel condemned the "severe" expulsion of a senior diplomat from the African Union summit, accusing Iran of orchestrating the move...
- A spokesman for the Israeli foreign ministry described the incident as "severe," noting Bar-li was "an accredited observer with an entry tag".
- African states should "oppose these actions, which harm the African Union movement and the entire continent," the spokesman added.
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Russia not in danger of trading oil at a loss, says Lavrov
MOSCOW, RUSSIA – Russia does not see the risk of trading oil at a loss due to the redistribution of...
Business
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Google agrees to settle $5bn data privacy breach lawsuit
Google has agreed to settle a consumer privacy lawsuit seeking at least $5 billion in damages over allegations it tracked...
Geostrategy
WHO urges pandemic plans as ‘painful’ Covid ends
Geneva, Switzerland - The head of the WHO said on Tuesday the world needs to properly prepare for future pandemics after...
Geostrategy
US bans import of Apple Watch due to patent clash
A US import ban on certain Apple smartwatch models came into effect, after the Biden administration opted not to veto...
Business
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Geostrategy
UN General Assembly approves US$3.59bn budget for 2024
NEW YORK, US - The United Nations General Assembly (UNGA) approved a US$3.59 billion budget for 2024, including establishing a...
- The UNGA approved around US$50 million as an additional funding for UN Human Rights Council.
- UNGA revealed that it established a multiannual private account for peacemaking and it is used for funding UNPBF.
Geostrategy
Iran slams UN for its failure to stop Israel-Hamas war in Gaza
Iranian President Ebrahim Raisi slammed the "inefficacy" of international bodies to halt fighting between Israel and Palestinian group Hamas which...
- The UNSC resolution urged the creation of "conditions for a sustainable cessation of hostilities", without calling for an immediate end to the fighting,
- "The inability and inefficacy of international organizations has become clear to everyone in the world," the Iranian President said.
Geostrategy
UN resolution urges more aid for Gaza as death toll rises
Fighting between Israel and Hamas in Gaza raged as the UN Security Council approved a much-delayed resolution to boost aid...
- The resolution also urged the creation of "conditions for a sustainable cessation of hostilities" but did not call for an immediate end to fighting.
- It came after the UN's World Food Program warned that Gaza's population is at a "high risk of famine".