Stock markets diverge before Nvidia results, Federal Reserve minutes
Stock markets diverged as traders awaited earnings from US tech darling Nvidia, in addition to minutes from the Federal Reserve...
Market Report
Business
Ministers wrangle through night to salvage WTO deals
Ministers were frantically haggling through the night into Thursday at the World Trade Organization in a bid to salvage deals...
- The global trade body'S members added on an extra fifth day of talks to try to break the deadlock gripping the WTO headquarters in Geneva
- Ministers at WTO meeting are also discussing the possibility of imposing a temporary waiver on Covid-19 vaccine patents
Geostrategy
UN chief says women ‘essential’ to peace talks in global conflicts
In many areas, men in power have actively worked to exclude women, said Guterres, citing Afghanistan, where "nearly 20 million...
- According to Guterres, less female representation in peace negotiation from Ukraine to Afghanistan shows that "patriarchy is failing us"
- He underlined the impact of what he termed "the recent shift away from inclusive politics," saying it "shows once again that misogyny and authoritarianism are mutually reinforcing
Business
Israel, Egypt to export gas to EU in its bid to cut Russian imports
Russia's war against Ukraine has exposed our European dependency on Russian fossil fuels, and we want to get rid of...
- The memorandum of understanding on gas exports between Egypt, Israel and the EU was signed at the East Mediterranean Gas Forum.
- Under a $15 billion deal in 2020, Israel already exports gas from an offshore field to Egypt, where it is liquefied and shipped to Europe.
Business
Gazprom to cut Italian energy giant Eni’s gas supply by 15 percent
Russia's Gazprom told Eni it would cut its gas supply by around 15 percent for Wednesday, the Italian energy giant...
- Italy buys the majority of its natural gas from overseas -- and more than 40 percent of its imports come from Russia.
- Since Russia invaded Ukraine, triggering unprecedented Western sanctions against Moscow, Italy has been scrabbling to cut that reliance.
Economy
China’s recovery to take oil demand to pre-Covid levels by 2023: IEA
Demand is set to grow to 101.6 million barrels per day in 2023, according to the IEA, which advises developed...
- Soaring oil prices and weaker economic growth is likely to temper the growth of demand in the second half of this year.
- The IEA expects global oil demand to grow to 99.4 million barrels per day in 2022 -- higher than its previous estimates.
Economy
Qatar passenger traffic may surge by 105 percent in 2022: Report
The report of Qatar Aviation body is updated with the IATA Air Transport data (Airport-IS) related to schedule statistics until...
- Passenger traffic anticipates a surge ranging from +90 percent to +105 percent compared to the year 2021
- The report suggests that the number of flights at Hamad and Doha International Airports could reach about 28,000
Economy
UN urges WTO to not restrict food export for humanitarian purposes
The United Nations on Monday begged world trade ministers meeting at the WTO not to impose export restrictions on food...
- Countries meeting at the WTO's ministerial conference in Geneva this week are trying to reach a consensus position on food security
- Russia's invasion has heightened concerns for global food security as Ukraine's Black Sea ports are blocked
Business
US stocks down again as S&P 500 breaches bear market
Wall Street stocks sank early Monday, tumbling into a "bear market" in anticipation of more Federal Reserve monetary tightening this...
- The market's losses come on the heels of three straight down sessions, put the S&P 500 into a bear market.
- About 35 minutes into trading, the broad-based S&P 500 was at 3,796.66, down 2.7 from Friday's session.
Geostrategy
Ahead of food security meet, WTO chief ‘cautiously optimistic’
The WTO is hoping to keep criticism of Russia's war in Ukraine to the first day of talks, when many...
- With its first ministerial meeting in years, the WTO faces pressure to finally eke out long-sought trade deals and show unity.
- EU's Valdis Dombrovskis said the bloc is "working hard with all the members to prepare a multilateral food security package".
Economy
WTO negotiators finalize key texts on fishing, Covid vaccines
The WTO agreements on fisheries subsidies and a Covid vaccine patent waiver moved a step closer to completion Saturday after...
- World Trade Organization's first high-level meeting in five years where trade ministers and officials from 164 countries will meet
- The global trade body said a draft text on a deal banning subsidies favoring overfishing had been handed over to the ministers
Company News
Latest News
Countries pledge to raise $12 billion to help coral
The pledge comes with coral around the world under particularly acute stress because of record warm seas this year.
Geostrategy
Oil industry is an integral part of climate solutions, says COP28 head
President of the upcoming COP28 climate talks Sultan Al Jaber, also the head of UAE state-owned oil firm ADNOC, told...
Geostrategy
mRNA COVID vaccine experts awarded Nobel Medicine Prize
Kariko, 68, and Weissman, 64, longstanding colleagues at the University of Pennsylvania in the US, have won a slew of...
Science
Most Read
Economy
ADB capital reforms unlock $100bn to support Asia and the Pacific region
MANILA, PHILIPPINES - The Asian Development Bank (ADB) approved capital management reforms that unlock US$100 billion in new funding capacity...
- The expansion of available funds will be further leveraged by mobilizing private and domestic capital required to tackle the climate crisis.
- The reforms also create a Countercyclical Lending Buffer to support ADB developing member countries facing unexpected crises.
Geostrategy
The many ways US government shutdown affects people
WASHINGTON, US - The United States is heading toward a government shutdown this weekend with no foreseeable way out of a...
- Sharp disagreements in the Republican Party has prevented passage of the bills needed to keep the government funded and open.
- The credit ratings agency Moody's warned this week that a shutdown would be "credit negative" for US sovereign debt.
Geostrategy
1bn tons of food wasted every year while 783m people face hunger: FAO
Rome, Italy - The UN Food and Agriculture Organization (FAO) and the UN Environment Program (UNEP) said one billion tons...
- The agencies said that stopping food loss and waste boosts food security, saves resources and helps reduce our carbon footprint.
- Both the bodies called for urgent action from the public and private sector as well as consumers to save and preserve food