Biden says Israel making ‘mistake’ in handling of Gaza war
Biden urged Netanyahu "to just call for a ceasefire, allow for the next six, eight weeks, total access to all...Geostrategy
Iran offers no response to Israeli strike, if US-secures Gaza truce: report
The Damascus airstrike targeted the Iranian consulate, resulting in the death of IRGC commander Mohammad Reza Zahedi and several other...Geostrategy
OPEC set to stick or cut more amid plan to cap Russian oil price
LONDON, UNITED KINGDOM - Major oil producers are expected to stick to their current output strategy or even slash production...In October the OPEC+ agreed to reduce output by two million barrels per day (bpd) from November.
Since the October meeting, oil prices have been plummeting to their level of early 2022, far from the peaks above $130 a barrel in March
Israel’s Netanyahu nears coalition after far-right deal
With 32 members of Netanyahu's Likud party and seven Religious Zionism lawmakers in Israel's 120-seat parliament, the former premier still...Netanyahu signed the agreements with two other extreme-right factions, the six-member Jewish Power and one-man Noam
LGBTQ rights groups and activists expressed concern Monday after Netanyahu signed the deal with Maoz granting him a cabinet post
US sanctions Hezbollah’s accountants, weapons facilitator
The Treasury Department's Office of Foreign Assets Control (OFAC) sanctioned two individuals and two companies for providing financial services to...The US Foreign Assets Control (OFAC) sanctioned two individuals and two companies for providing financial services to Hezbollah
It took action against another individual involved in facilitating weapons procurement for the group
Over 200 days of Sheikh Mohamed bin Zayed as UAE President: Decisions, contributions and meetings
The UAE's policy will always support peace and stability in the region and the entire world, based on wisdom and...The foreign visits by President Sheikh Mohamed have helped the country in diversifying relations and strengthening strategic partnerships regionally and globally
He has issued a number of laws and decisions that contribute to supporting the state's development and progress, and consolidating its position internationally
Eurozone’s unemployment drops to record low
The reading -- the lowest since Eurostat started compiling jobless figures in April 1998 -- was an indicator that the...Eurostat estimated that, for the entire 27-nation European Union, 12.95 million adults were unemployed in October
Younger people had the highest unemployment rate in the EU and its eurozone, at 15.1 percent and 15.0 percent respectively
Lebanon MPs again fail to elect President for 8th time
Lawmakers in crisis-hit Lebanon failed to elect a new president for an eighth time, despite the deepening impact of the...Parliament is split between supporters of the powerful Iran-backed Hezbollah movement and its opponents, neither of whom have a clear majority.
Lawmaker Michel Moawad, who is seen as close to the United States, won the support of 37 lawmakers.
US trade subsidies create unlevel playing field with Europe, says Macron
French President Emmanuel Macron repeated his frustration with US subsidies, saying they were hurting European companies by providing an unfair...Macron said that US industrial subsidies, which are part of Biden's huge green energy initiatives, are "super aggressive" towards European business.
While Washington and Paris were "working closely together" on geopolitics and opposing Russia in its invasion of Ukraine, trade tensions remained, Macron said.
‘Carbon credits need more supply, integrity to meet global demand’
RIYADH, SAUDI ARABIA - Carbon credits could make a significant contribution to achieving net zero by 2050, but only if...Trade in voluntary carbon credits could grow 100-fold by 2050 if teething problems are addressed.
A carbon credit allows a country or organization to produce a certain amount of carbon emissions and it can be traded if the full allowance is not used.
Natural disaster losses hit US$115 bn this year, says Swiss Re
GENEVA, SWITZERLAND - Natural catastrophes have caused an estimated US$115 billion of insured losses in 2022 to date, driven by...Swiss Re added that so-called secondary natural disasters such as floods and hailstorms caused more than $50 billion of insured losses.
Total insured losses topping $100 billion for a second consecutive year, said Swiss Re.
Financing for nature must more than double by 2025, says UN report
The world must increase financing for nature-based solutions to meet key climate, biodiversity and land degradation goals, a United Nations...The UNEP report said that investments for nature-based solutions must increase to US$384 billion per year by 2025.
By 2030 finance flows of $484 billion a year will be required for nature-based solutions.
