Thousands rally in London seeking a truce in Gaza
London, UK - Thousands of protesters marched in central London on Saturday to call for a ceasefire in Gaza amid ongoing...
Geostrategy
US President orders military to set up a port in Gaza for aid, say officials
President Joe Biden will tell Congress that he has ordered the US military to set up a port in Gaza...
Geostrategy
Geostrategy
UAE takes part in financial group meeting in Indonesia
The UAE recently participated in the fifth International Financial Architecture (IFA) Working Group meeting within the G20 Finance Track for...
- The meeting discussed issues related to global financial development and stability.
- UAE stressed on the need to work on a comprehensive regulatory framework for central digital currencies.
Geostrategy
UAE delegation attend meetings on sidelines of UNGA session
The UAE delegation attended the sixth day of high-level meetings on the sidelines of the 77th Session of the United...
- The meetings included a ministerial-level interaction with the Non-Aligned Movement.
- It also included meeting with the African Union.
Economy
‘More efforts needed for net zero carbon emissions by 2050’
More efforts are required to make the world reach net zero emissions by mid-century, according to the International Energy Agency's...
- Recent technology developments and policy actions suggest momentum is accelerating in some important regions and sectors to achieve net zero by 2050.
- Initial estimates point to 2022 being a record year for renewable electricity capacity additions, with an increase of about 340 gigawatts.
Geostrategy
Ukraine suffered nearly $1 trillion in losses since Russian invasion
The figure was equivalent to five times Ukraine's annual GDP before the invasion in February, Oleg Ustenko, economic advisor to...
- In terms of "direct and indirect costs" Ukraine had suffered "somewhere close to $1 trillion" in damages, said the official.
- The official previously estimated the damage caused by Russian forces in the first 14 days of war totaled around $100 billion.
Geostrategy
US announces $2.9 billion for resolving global food insecurity
The White House said food supplies are being dangerously disrupted by "the compounding impacts of the pandemic, the deepening climate...
- The White House said food supplies are being dangerously disrupted by "the compounding impacts of the pandemic, the deepening climate crisis, rising energy and fertilizer costs.
- The US aid "builds on the $6.9 billion in US government assistance to support global food security already committed this year," a statement said.
Dozens of pilot whales stranded in Australia, many feared dead
Aerial images showed a devastating scene of dozens of black glossy mammals strewn along a stretch of beach where the...
- Almost two years ago to the day the area was the scene of another mass stranding involving almost 500 pilot whales. Just over 100 survived
- Scientists have suggested they could be caused by pods going off track after feeding too close to shore
Geostrategy
Putin accuses European Union of blocking Russian fertilizer
Putin accused the European Union of blocking 300,000 tons of Russian fertilizer from reaching the world's poorest countries. "Our offer......
- In July, an agreement was signed which allowed Russia to export its agricultural products and fertilizer despite Western sanctions.
- The West imposed a litany of sanctions on Russia after it sent troops into Ukraine on February 24.
Geostrategy
Britain and the world bid adieu to Queen Elizabeth II
Britain said farewell to Queen Elizabeth II at a historic state funeral attended by world leaders, before a ceremonial journey...
- The gun carriage - used at every state funeral since Queen Victoria's in 1901 - was drawn by 142 junior enlisted sailors in the Royal Navy.
- The thousand-year-old church's tenor bell tolled 96 times at one-minute intervals - one for every year of her life - and stopped a minute before the service began.
Geostrategy
UAE says global pacts can help face labor related challenges
The UAE highlighted the significance of complying with international work standards and developing partnerships that empower countries to overcome the...
- The UAE said that it is important to guarantee the rights of employers and employees.
- Global cooperation would help in reducing inequality and discrimination that employees may be exposed to.
Business
ISO Annual Meeting 2022 to begin Monday in UAE, trade on agenda
The International Organization for Standardization (ISO) Annual Meeting 2022 starts Monday at the ADNOC Business Center in UAE's Abu Dhabi.
- Hosted by UAE Ministry of Industry and Advanced Technology (MoIAT), the ISO Annual Meeting 2022 runs from September 19 to 23.
- The event will witness the participation of over 2,000 delegates physically and virtually.
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Thousands rally in London seeking a truce in Gaza
London, UK - Thousands of protesters marched in central London on Saturday to call for a ceasefire in Gaza amid ongoing...
Geostrategy
Company News
Latest News
Israel faces global calls to protect civilians in Gaza
The suffering and death in Gaza has prompted growing calls for a halt in five weeks of fighting in order...
Geostrategy
European Euclid space telescope unveils first images
Darmstadt, Germany - The first images from Europe's Euclid space telescope were released on Tuesday, showing a nebula resembling a horse's...
Science
UN calls for overhaul of financial system to help poorest countries
The UN called for an overhaul of the global financial system to help the world's poorest countries and their struggle...
Geostrategy
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Business
Fertiglobe Q3 revenue of $525m
The firm recently launched steps to optimize its cost structure.
- In the third quarter, nitrogen prices reflected tighter market balances due to record low inventory levels.
- In the medium to longer term, the nitrogen outlook is favorable, with limited supply additions over the next several years.
Market Report
Stocks extend global rally as US jobs data cements rate hopes
Hong Kong, China - Markets rallied again Monday following another strong performance on Wall Street, as below-forecast US jobs data fanned...
- All three main indexes on Wall Street jumped Friday after the jobs reading, which also fueled bets on an interest rate cut by June.
- Asian markets tracked the rally in New York, with Tokyo more than two percent higher, while Hong Kong, Wellington, Manila and Jakarta were up more than one percent
Economy
$10 trn of ‘hidden costs’ on food and agriculture system per year, says UN
Paris, France - The food and agriculture system adds at least $10 trillion in "hidden costs" to the global economy every...
- The Food and Agriculture Organization said it conducted an analysis in 154 countries to determine the "true" cost of the agrifood system.
- The global quantified hidden costs totaled around $12.7 trillion in 2020, representing almost 10 percent of the global gross domestic product.