Search Site

Trends banner

EU

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.
  • European Union probes UAE oil giant’s purchase of Germany’s Covestro

    Brussels, Belgium -- The European Commission on Monday announced an investigation into the takeover of German chemical firm Covestro by UAE state oil giant ADNOC, citing competition fears. "The commission has preliminary concerns that foreign subsidies granted by the United Arab Emirates could distort the EU internal market," a statement...
  • Urgent need for ‘global approach’ on AI regulation: UN tech chief

    Geneva, Switzerland -- The world urgently needs to find a global approach on regulating artificial intelligence, the United Nations' top tech chief said this week, warning that fragmentation could deepen risks and inequalities. Doreen Bogdan-Martin, head of the UN's International Telecommunications Union (ITU) agency, told AFP she hoped that AI...
  • Western nations call for immediate end to Gaza war as Israel expands offensive

    "The suffering of civilians in Gaza has reached new depths," the signatories, including Britain, France, Australia, Canada and 21 other countries, plus the EU, said in a statement.
  • Divided EU leaves action against Israel on Gaza ‘on table,’ if humanitarian situation does not improve

    The measures range from suspending the entire accord or curbing trade ties to sanctioning Israeli ministers, imposing an arms embargo and halting visa-free travel.
  • Macron calls on EU to ‘defend European interests’ in US tariff talks

    French President Emmanuel Macron on Saturday condemned US President Donald Trump's threat to impose 30-percent tariffs on the European Union, calling on the bloc to "resolutely defend European interests."
  • Spain PM Sanchez says Gaza in ‘catastrophic situation of genocide’

    Spanish Prime Minister Pedro Sanchez on Thursday said Gaza was in a "catastrophic situation of genocide" and urged the European Union to immediately suspend its cooperation deal with Israel.
  • European, Iranian diplomats to meet as Trump mulls joining Israel campaign

    Iranian Foreign Minister Abbas Araghchi will meet with his French, German, British and EU counterparts in Geneva on Friday to discuss Iran's nuclear programme.
  • Trump says EU not offering ‘fair deal’ on trade

    US President Donald Trump said Tuesday that the European Union had yet to offer a "fair deal" on trade, as Washington negotiates tariff agreements with friends and foes alike.
  • Spain hosts European, Arab nations to pressure Israel on Gaza

    Madrid will host 20 countries as well as international organizations with the aim of "stopping this war, which no longer has any goal", Spanish Foreign Minister Jose Manuel Albares told France Info radio. Humanitarian aid must enter Gaza "massively, unimpeded, neutrally, so that it is not Israel who decides who...
  • Trump fires new 50% tariff threat at EU, drawing stiff response

    Washington, United States - President Donald Trump rekindled the US trade war on Friday, threatening to impose a 50 percent tariff on the European Union -- and drawing a strong response from European politicians. If they come into effect, the new duties on Brussels would dramatically raise Washington's current baseline...
  • Why Israel gets support from central, eastern Europe

    Their solidarity came to the fore on Wednesday, when Austria and Germany broke ranks with European Union peers to argue against a review ordered by Brussels of an EU-Israel cooperation deal.
  • EU to lift all economic sanctions on Syria to help the war-torn country

    EU countries agreed Tuesday to lift all their remaining economic sanctions on Syria in a bid to help the war-torn country recover after the ouster of Bashar al-Assad.
  • ‘Something new for the honey market’: Austria trials DNA testing to uncover fraud

    Voels, Austria -- At a laboratory in Austria's mountainous Tyrol province, scientists are DNA testing about 100 honey samples a month to learn about their composition -- and in some cases to determine whether they have been adulterated. With fake honey flooding markets, and only a few European laboratories running...
  • European Union and UAE agree to launch trade deal negotiations

    Emirati President Mohammed bin Zayed Al Nahyan "and I just decided to launch negotiations on an EU-UAE free trade agreement," the European Commission president wrote on X. "This agreement will strengthen our bilateral relations and contribute to the prosperity of the broader region."
  • Trump stings friends and foes alike in his tariffs war, countries eye trade talks

    The tariff announcements rattled stock markets while safe haven gold hit a new record high, oil prices fell and the dollar slumped against other major currencies.
  • From cars to champagne: Trump’s expanding tariffs trigger trade war fears

    Paris, France -- From champagne to steel and now cars: it is getting harder to keep up with US President Donald Trump's growing tariff target list and the retaliatory measures by trade partners. Here is a rundown of what has been implemented, threatened and coming next in an escalating trade...
  • EU skewers Google, Apple over tech rules – despite Trump threats

    The European Union defied US threats of retaliation Wednesday by accusing Google of violating its digital rules -- which could trigger hefty fines -- and ordering Apple to make its iPhone interact better with rivals' devices.
  • US trading partners hit back on steel, aluminum tariffs

    The steep 25-percent levies came into place after midnight with no exemptions despite countries' efforts to avert them, in a step up from fresh duties Trump already imposed on Canada, Mexico and China since returning to the White House. The European Commission swiftly unveiled retaliation starting in April, while Canada...
  • Trump condemned for ICC sanctions over Israel, US probes

    The United Nations and the European Union also urged Trump on Friday to reverse the decision ordering asset freezes and travel bans against ICC officials, employees and their family members, along with anyone deemed to have helped the court's investigations.
  • TikTok under fire: Espionage claims, election influence campaigns and controversies

    The platform faces accusations of espionage in the United States, while the European Union has launched an investigation into claims it was used to sway Romania's presidential election in favor of a far-right candidate.
  • European countries suspend Syrian asylum decisions after Assad’s fall

    While Berlin and other governments said they were watching the fast-moving developments in the war-ravaged nation, Vienna signaled it would soon deport refugees back to Syria.
  • Iran slams new EU, UK sanctions as unjustified: foreign ministry

    ran's foreign ministry Tuesday slammed as unjustified the new sanctions by the European Union and Britain against Tehran over its support for Russia's war on Ukraine.
  • European Union foreign policy chief Josep Borell speaks during a debate at the European Parliament in this file photo. (AFP)

    Helpless! Top EU diplomat regrets failure to ‘stop’ Netanyahu

    EU foreign affairs chief Josep Borrell voiced regret Friday that no power, including the United States, can "stop" Israeli Prime Minister Benjamin Netanyahu, saying he appears determined to crush militants in Gaza and Lebanon.
  • UAE’s e& bends to European Union foreign subsidy rules

    Brussels, Belgium -- The European Commission gave the green light Tuesday for an Emirati group to acquire the assets of a Czech telecom operator -- after it agreed not to use foreign subsidies to distort competition in the EU.Emirates Telecommunications (e&), whose majority stakeholder is the United Arab Emirates government, signed...
  • UN Secretary-General Antonio Guterres speaks during an event on “The Inclusion of Women in the Future of Afghanistan” on the sidelines of the United Nations General Assembly at UN Headquarters in New York City on September 23, 2024. (AFP)

    World leaders gather at UN as Mideast tensions explode

    Escalating clashes between Israel and Hezbollah threatened to overshadow US President Joe Biden's final appearance at the UN's signature annual event on Tuesday as diplomats scrambled to avert an all-out regional war.
  • COP29 finance draft: Arab nations ask developed nations to commit $441bn

    Paris, France -- The UN has published a draft on climate financing due to be presented at the COP29 in November, laying out the conflicting positions from which the main country blocs will try to clinch the next climate deal.The document, which AFP consulted Friday, is the basis for negotiating an...
  • Apple makes changes to App Store after EU warning

    From the autumn, Apple said developers in the EU "can communicate and promote offers for purchases" wherever they want, for example, via an alternative app marketplace. But in Thursday's announcement, Apple said the changes mean developers will have a new fee structure for customers linking out of an app for...
  • Norway, Ireland, Spain to recognize Palestinian state

    The announcement is the second diplomatic blow this week after the International Criminal Court prosecutor said he would seek arrest warrants for Israel's prime minister and Hamas leaders.
  • Lebanon resumes ‘voluntary’ repatriations of Syrians

    Syrian state news agency SANA reported that an unspecified number of people had arrived from Lebanon as part of the initiative to repatriate several hundred Syrians .
  • Italy PM Meloni visits Tunisia for migration talks

    Meloni's latest visit to Tunisia came as part of her so-called Mattei Plan, a program aiming to posit Italy as a key bridge between Africa and Europe.
  • Gaza, UN, security council, israel

    UN Security Council to vote this Thursday on full Palestinian membership

    Against the backdrop of the grinding conflict in Gaza, a city largely devastated by more than six months of war and a siege on its 2.4 million people, the Security Council is expected to take up the matter of full Palestinian UN membership this Thursday, several diplomatic sources told AFP....
  • iran. missile, Israel, sanctions

    US, EU to impose fresh sanctions on Iran following recent missile attack on Israel

    The United States announced Tuesday that it was preparing new sanctions on Iran's missile and drone program after last weekend’s attack on Israel, and the EU's foreign policy chief signaled the bloc would levy new punitive measures as well.Iran has characterized its attack on Israel as an act of self-defense...
  • EU to tell big tech firms to curb election risks or face fines

    BRUSSELS, BELGIUM – The EU will put more pressure on the most popular online platforms, like X and TikTok, to tackle the risk of election disinformation or face fines, an EU official said on Friday.The European Commission, the EU's executive arm, is expected to adopt new guidelines, likely on Tuesday, ahead...
  • GCC and EU hold talks to boost economic, political ties

    Brussels, Belgium-- The Gulf Cooperation Council (GCC) and the European Union have held talks in Brussels in order to enhance relations between the two blocs.In this connection, Jasem Mohamed Albudaiwi, Secretary-General of the Gulf Cooperation Council (GCC), today held a discussion session with members of the European Union (EU) Political...
  • EU members to discuss Bosnia entry into Union

    Brussels, Belgium - A group of EU countries including Germany on Tuesday pushed for a green light to start membership negotiations with Bosnia, but others such as France seemed reluctant to proceed.The EU's 27 leaders will debate at a summit on Thursday a proposal from the bloc's executive to launch the...
  • Spain announces US$21.87m in funding to UN Palestinian refugee agency

    Madrid, Spain--Spain said Thursday it would give an additional $21.87 million to the UN Palestinian refugee agency UNRWA, which is facing a cash crunch after several nations suspended their funding.The agency has been at the centre of controversy since Israel accused about a dozen of its employees of involvement in the...
  • UNRWA head seeks General Assembly support after backlash

    The head of the UNRWA is set to defend his organization's work at the General Assembly, after crippling backlash over accusations that some employees were involved in Hamas's October 7 attack on Israel. Philippe Lazzarini warned in a letter to the General Assembly's president that his agency is at a...
  • EU queries Meta about ad-free subscriptions, shadow banning

    BRUSSELS, BELGIUM - The EU on Friday used new regulatory powers to query Meta about ad-free subscriptions to Facebook and Instagram as well as claims some voices are suppressed online in a phenomenon known as "shadow banning".The European Commission made a request for information under the mammoth content moderation law known as...
  • Europe gives accent to instant payments across the union

    Brussels, Belgium - Bank customers will soon be able to transfer money across Europe within seconds after the EU adopted a law on Monday forcing banks to offer bloc-wide instant payments.Under the new rules, people in Europe will be able to transfer money within 10 seconds at any time of the...
  • Price of natural gas in Europe falls to a 3-year low

    LONDON, UK – The price of natural gas in Europe fell again on Friday, taking it to its lowest in almost three years as mild winter weather continues and European stockpiles hold up.Mid-morning on Friday, the benchmark Dutch TTF futures contract was down 3.2 percent at US$24.3 (22.45 euros) a megawatt-hour...
  • Broad support among G20 for two-state solution in Middle East: Brazil

    There was "virtual unanimity for the two-state solution as the only possible solution," Brazilian Foreign Minister Mauro Vieira told journalists at the close of a two-day meeting of foreign ministers from the world's biggest economies. "The only reason (Vieira) didn't simply say 'unanimity' is that not every speaker addressed the...
  • West Bank situation an obstacle between Israel-Palestine peace, says EU

    EU foreign policy chief Josep Borrell said the situation in the Israel-occupied West Bank posed a major obstacle to finding a long-term solution for peace between Israel and the Palestinians. "The West Bank is the real obstacle for the two-state solution," Borrell said at the Munich Security Conference.
  • GCC and Sweden look to ramp up cooperation in ‘several areas’

    Munich, Germany-- The Gulf Cooperation Council (GCC) and Sweden have discussed ways to ramp up cooperation in several areas, besides looking to enhance ties between the GCC and variou European nations.In this regard, Jasem Mohamed Albudaiwi, Secretary-General of the GCC, and Tobias Billström, Minister of Foreign Affairs of the Kingdom...
  • EU seeks 90 percent drop in greenhouse emission by 2040

    Strasbourg, France - The EU on Tuesday urged a 90-percent cut to its greenhouse gas emissions by 2040, even as the bloc's transition to a greener future was clouded by a widespread farmers' revolt."Based on the best available science, and a detailed impact assessment, we are recommending that the 2040 target should...
  • EU adopts cavalier approach in its desire for primacy

    For EU leaders, it is their way or the highway as the wealthy, powerful bloc seeks to tame opposition and browbeat defiant countries and individuals into submission.
  • Israel says will seek to stop UN agency’s activities in Gaza after war

    UNRWA said Friday it had sacked several employees accused by Israel of involvement in Hamas's unprecedented October 7 attack, prompting the United States to suspend critical funding. The head of the agency, Philippe Lazzarini, vowed to hold "accountable, including through criminal prosecution" any UNRWA employee found to have taken part...
  • ‘Victory for justice’: World reacts to ICJ’s Gaza genocide case ruling

    "Today marks a decisive victory for the international rule of law and a significant milestone in the search for justice for the Palestinian people," said the foreign affairs ministry of South Africa, which brought the case before the ICJ.
  • Apple to make changes to App Store in Europe

    iPhone users can download alternative app stores.
  • Libya requires $1.8bn to rebuild flood-devastated areas, says report

    TRIPOLI, LIBYA - The flood that devastated Libya's eastern port city of Derna last year has impacted up to 1.5 million people and will require $1.8 billion for reconstruction, according to a new report.On September 10, Storm Daniel hit the east coast of Libya, causing floods that collapsed two dams in...
  • Israel pounds Gaza as Netanyahu rejects hostage release deal

    Abdelrahman Iyad, wounded in Gaza and now being treated aboard the French helicopter carrier Dixmude, docked in Egypt, said he did not have time to leave his house before it was hit. "I was with my parents, my brother, my sister, my second sister and her husband and their daughter....
  • EU worried Red Sea attacks could spark inflation

    European Union economy commissioner Paolo Gentiloni warned that violence in the Red Sea sparked by Houthi attacks on shipping could push up energy prices and inflation in the bloc. "We know that we're starting this year with subdued growth, increasing concerns on the downside risks caused by the geopolitical tensions,"...