US Congress gives Boeing a reprieve on 737 Max cockpit changes
The bill requires Boeing to make some enhancements to the jets, but allows the Federal Aviation Administration to approve both...
Business
‘Most APEC members condemn war in Ukraine’
Asia-Pacific leaders added their voices to international pressure on Russia over its invasion of Ukraine, issuing a summit statement saying...
Geostrategy
Science
COP27 must shift from talk to action says UN climate chief
The upcoming COP27 climate summit in Egypt must mark a leap from the process of hammering out a treaty to...
- Diplomats from nearly 200 countries are gathering in the Red Sea resort for the November 6-18 conference.
- The US and the European Union - fearful of creating an open-ended reparations framework - have dragged their feet.
Geostrategy
World food prices hold steady in October, says FAO
World food prices held steady in October, though cereal prices rose over uncertainty of a deal giving safe passage for...
- FAO said its price index averaged 135.9 points in October, marginally lower from September.
- Wheat prices were up 3.2 percent, mostly reflecting continued uncertainties related to the Black Sea Grain Initiative, the UN body said.
Geostrategy
Europe could face gas shortage next year, says IEA
Europe must act immediately to prevent a shortage of natural gas next year as Russia slashes deliveries in the wake...
- IEA Executive Director Fatih Birol said he would hold talks on Friday with several European governments.
- He said that Europe needs to take immediate action to avoid risks of natural gas shortage next year.
Geostrategy
Europe’s gas storage reserves now at over 90 percent
With prices falling and ports clogged with liquefied natural gas tankers, fears of a winter heating crisis in Europe have...
- Spanish gas regulator Enagas says the backlog at ports is expected to last at least until this week.
- Europe has made efforts to fill its storage facilities to reduce dependence on Russian gas and sought alternative suppliers.
Geostrategy
Russia suspends participation in Ukraine grain deal
Russia suspended its participation in a pact that allowed grain exports from Ukraine, blaming alleged drone attacks on Russian ships...
- The Turkey and UN-brokered deal to unlock grain exports signed between Russia and Ukraine in July is critical to easing the global food crisis caused by the conflict.
- Russia had recently criticized the deal, saying its own grain exports have suffered due to Western sanctions.
Market Report
Pound sinks against dollar on UK political uncertainty
The British pound sank against the dollar on political uncertainty after the resignation of UK Prime Minister Liz Truss, while...
- The dollar strengthened also on expectations that the US Federal Reserve would press ahead with its program of bumper interest rate hikes.
- Traders were girding for another possible intervention by Tokyo after the dollar went above 150 yen.
Geostrategy
Australia strikes down recognition of Jerusalem as Israeli capital
Striking down the previous government's decision to recognize West Jerusalem as Israel's capital, Australia has said the city's status should...
- In 2018 a conservative government led by Scott Morrison followed former US president Donald Trump's lead in naming West Jerusalem as the Israeli capital
- Palestinians claim the eastern part as the capital of a future Palestinian state
Business
FIFA praises Qatar’s reforms to improve living conditions of workers
Applauding Qatar's "groundbreaking reforms" that are "changing the lives of thousands of workers for the better," FIFA President Gianni Infantino...
- Amnesty International and other groups have demanded that FIFA set up a $450 million fund for migrant workers and their families who suffered during the decade of construction
- Officials also said on Monday that 30,000 extra hotel rooms had been added to the official accommodation platform to cater for late ticket sales
Geostrategy
New Kuwaiti government sworn in after political crisis
Kuwait's crown prince swore in a new government, less than a month after the emirate held parliamentary elections in which...
- The new government team, led by Prime Minister Sheikh Ahmed Nawaf al-Ahmed Al-Sabah comes after lawmakers objected to an initial line-up in early October.
- The new government will be tasked with dealing with "priority issues" such as development, investments and the fight against corruption.
Geostrategy
Will immediately respond to new EU sanctions, says Iran
Iran vowed an "immediate" response to the European Union as it prepares new sanctions on the Islamic republic after over...
- Iran will "decide and act immediately in accordance with the decisions and actions" taken by EU member countries.
- Iran has been rocked by demonstrations since the death of 22-year-old Amini and a crackdown on protesters.
US Congress gives Boeing a reprieve on 737 Max cockpit changes
The bill requires Boeing to make some enhancements to the jets, but allows the Federal Aviation Administration to approve both...
Business
Company News
‘Most APEC members condemn war in Ukraine’
Geostrategy
Latest News
UN, Russia hold talks on grain, fertilizer exports
United Nations chiefs held talks with Russian officials on the Black Sea agreements on exporting grain and fertilizers, eight days...
Geostrategy
WTO urges countries to lift green trade barriers
The World Trade Organization urged countries to abolish trade barriers in environmental goods and services to help fight climate change....
Economy
‘Five including four police officers killed in Iran’
Four Iranian police officers and one "terrorist" have been killed in separate incidents in the strife-torn country, state media and...
Geostrategy
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Geostrategy
Iranians stage new protest actions despite crackdown
Iranian students protested and shopkeepers went on strike despite a widening crackdown, according to reports on social media, as demonstrations...
- As the working week got underway, security forces adopted new measures to halt protests at universities in Tehran.
- An official in Kerman province admitted the authorities were having trouble quelling the protests that erupted after Amini's death on September 16.
Science
COP27 must shift from talk to action says UN climate chief
The upcoming COP27 climate summit in Egypt must mark a leap from the process of hammering out a treaty to...
- Diplomats from nearly 200 countries are gathering in the Red Sea resort for the November 6-18 conference.
- The US and the European Union - fearful of creating an open-ended reparations framework - have dragged their feet.
Geostrategy
World food prices hold steady in October, says FAO
World food prices held steady in October, though cereal prices rose over uncertainty of a deal giving safe passage for...
- FAO said its price index averaged 135.9 points in October, marginally lower from September.
- Wheat prices were up 3.2 percent, mostly reflecting continued uncertainties related to the Black Sea Grain Initiative, the UN body said.