Hamas team heads to Cairo for new truce talks
Palestinian Territories - A Hamas delegation was expected to fly to Cairo on Saturday for talks on a truce in...
Geostrategy
Energy-related global CO2 emissions hit record levels in 2023, says IEA
PARIS, FRANCE – Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous years...
Science
Business
US stocks rise on strong retail sales, positive Citigroup results
Wall Street stocks rose early Friday as markets cheered unexpectedly strong US retail sales and better-than-expected results from Citigroup. After...
- About 35 minutes into trading, the Dow Jones Industrial Average was up 1.5 percent at 31,074.83.
- Among individual companies, Citigroup surged 7.8 percent after reporting better-than-expected earnings.
Economy
G20 finance ministers, top bankers warn of energy crisis
Other issues to be tackled by the ministers include digital financial inclusion –- with more than a billion of the...
- The two-day meeting on the resort island of Bali started under the shadow of a war that has roiled markets, spiked food prices
- Top global finance figures, including US Treasury Secretary Janet Yellen, will discuss the rebound from the coronavirus pandemic
Geostrategy
Biden holds joint investment talks with UAE, Israel and India
US President Joe Biden held joint investment talks Thursday with Israel, India and the United Arab Emirates, as Washington seeks...
- The multilateral summit was convened in Jerusalem where Biden is on his first Middle East tour as president.
- During the summit the UAE announced it would invest 2 million euros (dollars) in agricultural projects in India.
Geostrategy
US pledges to stop Iran from making nuclear weapons
The US will use "all elements of its national power" to stop Iran from acquiring nuclear weapons, President Joe Biden...
- The United States "is prepared to use all elements of its national power to ensure that outcome", said US President Joe Biden.
- Israel Prime Minister Lapid has said that countering Iran would be the "foremost" issue during bilateral talks.
Economy
European stocks fall on fears of aggressive Fed interest rate hike
Europe's main stock markets slid at the open on Thursday, as a fresh spike in US inflation reinforced expectations of...
- In initial deals, London's FTSE 100 index lost 0.3 percent to 7,138.54 points compared with the closing level on Wednesday.
- In the eurozone, Frankfurt's DAX index slid 0.2 percent to 12,733.34 points and the Paris CAC 40 shed 0.4 percent to 5,977.05.
Business
Twitter down for short period in US, Europe, restored later
Twitter experienced a widespread but seemingly brief outage in the United States and parts of Europe on Thursday. The Downdetector...
- The Downdetector website showed that outage reports spiked in the United States around 1200 GMT and by around 1245 GMT reports of outages to Downdetector were dropping off
- Short term service disruptions on social media platforms happen periodically while long-term service outages on social media platforms are not common
Interview
GCC expects moderate impact of global recession
The region is better placed to deal with global slowdown as oil and gas prices will stay high due to...
- The region is better placed to deal with global slowdown as oil and gas prices will stay high due to supply restrictions, Jean Claus, CEO of Allianz Trade Middle East, tells TRENDS
- Regional GDP growth is expected to be +2.7 percent in 2023 in an 'adverse scenario', slightly lower than the +3.1 percent expected in the baseline scenario, Claus adds
Economy
France to proceed with second phase of digital euro experiment : Central Bank
France's central bank said Tuesday it will push ahead with the second phase of its experiment with a digital euro...
- Last year, the Banque de France successfully completed the first stage of its experiment with a central bank digital currency.
- The experiment is aimed at rolling out the cryptocurrency next year.
Economy
Euro strikes parity with Dollar for first time in nearly 20 years
The euro struck parity with the dollar Tuesday for the first time in nearly 20 years as a cut in...
- Oil prices meanwhile fell heavily on concerns of a wider recession as central banks hike interest rates to fight decades-high inflation.
- European stock markets fell approaching the half-way mark and in the wake of overnight losses in Asia and on Wall Street.
Business
Middle East airlines’ traffic rises more than 300 percent in May 2022: IATA
The International Air Transport Association (IATA) said the Middle Eastern airlines’ traffic rose 317.2 percent in May compared to May...
- IATA announced passenger data for May 2022 showing that the May capacity rose 115.7 percent.
- Global traffic is now at 68.7 percent of pre-crisis levels as it rose 325.8 percent versus May 2021.
Hamas team heads to Cairo for new truce talks
Palestinian Territories - A Hamas delegation was expected to fly to Cairo on Saturday for talks on a truce in...
Geostrategy
Company News
NEOM to set up education, research and innovation center
Arts & Culture
Latest News
Spanish footballer Veiga to play for Saudi club Al Ahli
Arts & Culture
Markets fall as Biden set for Middle East diplomacy drive
US and European stock markets mostly fell and oil prices rose as US President Joe Biden prepared for a trip...
Market Report
World leaders try to contain Israel-Hamas war
As Israel prepares for a ground offensive into the Gaza Strip, the international community has mobilized to try to protect...
Geostrategy
Egypt, Israel to allow US citizens to leave Gaza via Rafah crossing
Riyadh, Saudi Arabia - Egypt and Israel have agreed to let US citizens leave the Gaza Strip through the Rafah crossing...
Geostrategy
Most Read
Iran says US ‘can not renege’ on deal to transfer $6bn via Qatar
Tehran, Iran-- Iran said the United States "can not renege" on an agreement to transfer $6 billion in frozen funds through...
- Tehran has come under intense scrutiny since Hamas stormed across Israel's border.
- Iran has insisted it was not involved, but celebrated the Hamas attack as a "success".
Economy
Disasters cause crop losses worth $3.8trn over 30 years, says FAO
PARIS, FRANCE - Natural and man-made disasters have caused $3.8 trillion in crop and livestock loses over 30 years, the UN's...
- Floods, droughts, insect infestations, storms, disease and war caused about $123 billion per year in lost food production between 1991 and 2021.
- This loss is the equivalent of five percent of total production or enough to feed up to half a billion people per year, the FAO said in a report.
Business
Delta posts Q3 profits of $1.1b
The company’s revenues rose 11 percent to $15.5 billion.
- Delta and other US carriers have pointed to pent-up travel demand as a driver of strong results in recent quarters.
- The company described overall demand as "strong," domestic demand as "steady" and international strength as "extending through fall."