"There's considerable work to be done to establish a level playing field where low-energy technologies can be freely traded. I believe the WTO will be instrumental in this arena as well," adds Tavio. underscoring that the unimpeded trade of clean technologies is essential for achieving climate goals.

Last year, the company reported a profit of $739 million.

Sweden and Finland bids earned approval from all NATO members except Turkey and Hungary. They remain the only NATO members left to ratify Sweden's bid 19 months after it applied for membership. Sweden and Finland dropped decades of military non-alignment and sought to join the organisation after Russia invaded Ukraine...

Kuwait City, Kuwait -- The Directorate General of Civil Aviation (DGCA) of Kuwait has inked a KD 6.7 million ($21.7 million) agreement with Finland's Vaisala company to implement a state-of-the-art surface observation system and airport meteorological system at Kuwait International Airport. Emad Al-Jalawi, the Acting Director-General of DGCA, told KUNA...

Helsinki, Finland - Finland's Olkiluoto 3, the largest nuclear reactor in Europe, stopped production on Wednesday after a test caused the plant unit to unexpectedly go offline, its operator TVO said. "During the test, the plant was supposed to produce electricity normally," said Johanna Aho, head of communication at TVO. Before production was...

COPENHAGEN, DENMARK - Nordic migration and justice ministers on Tuesday announced a deal to strengthen efforts for migrants to return to their countries of origin, and to deport illegal residents to third countries. Denmark has spearheaded harder lines on migrants in the Nordics and stepped up initiatives to discourage immigration and...

TURKU, FINLAND - With cruise bookings seeing a resurgence after the Covid pandemic caused luxury liners to mothball, a Finnish shipyard is putting the final touches on what will be the world's largest cruise ship. Royal Caribbean's luxurious new vessel Icon of the Seas is nearing completion in the Turku shipyard...

Moscow, Russia - Moscow accused Poland and Finland of threatening its security on Wednesday and vowed a response to multiplying "threats" on Russia's western frontier from NATO members. Poland, Ukraine's staunch ally and neighbor, has strengthened security on its border with Belarus after Minsk became a new base for Russian Wagner...

Ankara,Turkey - Turkish Minister of Foreign Affairs Hakan Fidan discussed, in a phone call on Wednesday with US Secretary of State Antony Blinken, expansion of North Atlantic Treaty Organization (NATO) and Black Sea Grain Initiative agreement. They also discussed cooperation in combating the threat posed by synthetic drugs, in addition...

Turkey dropped its objections to Sweden's nordic neighbour Finland joining earlier in the year and Helsinki became a NATO member in April. Sweden has been a NATO "invitee" since June 2022, but its membership bid, which must be ratified by all 31 member states, has been blocked by Turkey and...

Finland and the UAE will be able to tackle climate change through international efforts, collaboration, and partnerships, she adds while highlighting that the European country belongs to a group of ambitious EU Member States that is advocating stricter emission reduction targets for non-EU countries in the forthcoming COP28 in Dubai.

Stora Enso plans to permanently close four units in Europe.

BRUSSELS, BELGIUM - The European Investment Bank (EIB) lending to circular economy projects has consistently increased over the years, amounting to US$3.6 billion (€3.4 billion) over the past five years, with a record level of US$1.18 billion alone in 2022. The figures were released ahead of the World Circular Economy...

The deal is worth more than $770 million, the companies said.

The most powerful nuclear reactor in Europe, with a capacity of generating 1,600 megawatts, Olkiluoto 3 reached full power in late September for the first time since construction began in 2005.

Two weeks after President Recep Tayyip Erdogan publicly backed its bid, Turkish lawmakers unanimously supported Finland's membership of the US-led defense alliance after the Russia's invasion of Ukraine. Turkey was the final NATO nation to ratify the Nordic country's accession, which NATO chief Jens Stoltenberg said will make the "NATO...

Finland and its neighbour Sweden ended decades of military non-alignment and decided to join NATO last May. Their applications were accepted at a June alliance summit but the bids still needed to be ratified by all the members' parliaments -- a process that stalled with Turkey and Hungary.

Ankara, Turkey--Turkish President Recep Tayyip Erdogan ended months of diplomatically charged delays on Friday and asked parliament to quickly back Finland's bid to join NATO. A simultaneous decision by fellow holdout Hungary to schedule a Finnish ratification vote for March 27 means the US-led defence alliance will likely grow to 31...

A statement from NATO said that "participants welcomed the progress that has been made" on a three-way deal struck last year aimed at satisfying Turkey's complaints. The latest meeting came after Ankara had earlier suspended negotiations in outrage at protests in January that included the burning of the Koran outside...

Turkey said on Monday that NATO accession talks with Sweden and Finland would be held next month, after being postponed in January over a row about protests held in Stockholm. "The meeting will be held on March 9," Turkish Foreign Minister Mevlut Cavusoglu told a news conference in Ankara, alongside...

The company's Q4 net profit surged to US$3.4 billion.

"Our collective message is that we want to call for calm, for reflection, for calm in the process so that we can return to functioning talks between Sweden, Finland and Turkey on our common NATO membership," Kristersson told a press conference, adding that he wanted a return to "dialogue." Ankara...

Collaboration to boost Infracorp’s Infrastructure footprint.

Most of Turkey's demands have involved Sweden because of its more robust ties with the Kurdish diaspora.

Sweden's Supreme Court cited the risk of Turkey's "persecution based on this person's political beliefs" when it blocked the request on Monday.

Ankara has accused the two Nordic nations of providing a safe haven for outlawed Kurdish militants it deems "terrorists" and held back on ratifying their NATO membership despite an agreement in June.

HELSINKI, FINLAND - Heading a high-level delegation to Finland, Saudi Arabia's Minister of Commerce and Chairman of the Board of Directors of the General Authority for Foreign Trade Dr. Majid bin Abdullah Al-Qasabi stressed on the need to strengthen and diversify the bilateral trade between the two countries. Al-Qasabi said...

Sweden and Finland dropped decades of military non-alignment and scrambled to become NATO members in May after Russia invaded Ukraine. But Turkish President Recep Tayyip Erdogan threatened to block their bids, seeking concessions.

Helsinki, Finland— Saudi Arabia and Finland have signed an agreement to regulate air transport and start air services between the two countries. The agreement is designed to propel economic partnership and boost trade. In this connection, the General Authority of Civil Aviation (GACA) of the Kingdom of Saudi Arabia and...

HELSINKI, FINLAND - Activists from environmental group Greenpeace blocked a shipment of Russian gas from unloading at a liquefied natural gas (LNG) terminal in northern Finland, the terminal owner and Greenpeace said. The activists demanded Helsinki stop importing Russian gas after Russia's President Vladimir Putin invaded Ukraine more than six...

Sweden's charge d'affaires in Turkey was summoned at the weekend to explain the use of what Ankara alleges is "terrorist propaganda" in support of Kurdish militants, a diplomatic source said.

The agreement, which ends Ankara's veto of their membership bids, was signed by Finland, Sweden and Turkey in front of news cameras.

Turkey said Wednesday it would seek the extradition of 33 "terror" suspects from Sweden and Finland under a deal that paved the way for Ankara to back the Nordic countries' NATO membership bids.

Turkey on Monday said it did not view next week's NATO summit as a final deadline for resolving its objections to Finland and Sweden joining the Western defense alliance. 

The Polish president warned of a crisis if Ukraine is unable to export grains to North Africa and other countries. He said Ukraine accounts for 80 percent of Egypt's grain needs.

President Recep Tayyip Erdogan on Saturday said Turkey would not look "positively" on Sweden and Finland's NATO bids unless its terror-related concerns were addressed, despite broad support from other allies including the United States.

The United States gave its full support Wednesday for Sweden and Finland's bids to join NATO, promising to stand by them if threatened by Russia and pressing Turkey to not block their membership. Hours after the two Nordic countries formally submitted their applications to enter the Atlantic alliance, President Joe...

Russia may cut gas supplies to Finland soon over the Nordic country's refusal to pay Gazprom in rubles, Finnish state-owned Gasum said on Tuesday. Gasum said it would take its dispute with Gazprom Export to arbitration, a move that risks angering neighboring Russia further as Helsinki prepares to submit its...

The Finnish government is expected to officially announce its intention to join NATO on Sunday, as Sweden's ruling party holds a decisive meeting that could pave the way for a joint application. Less than three months after Russia's February 24 invasion of Ukraine, the two Nordic neighbors look poised to...

Finland on Saturday sought to allay Moscow's fears about its bid to join NATO, as fierce fighting raged in Ukraine's east, slowing a Russian advance. One of Europe's fiercest conflicts since World War II has seen more than six million people flee for their lives, and according to Kyiv has...

Finnish President Sauli Niinisto spoke with his Russian counterpart Vladimir Putin on Saturday regarding the Nordic country's application for NATO membership, which is expected to be officially announced this weekend, his office said.

President Recep Tayyip Erdogan on Friday said Turkey did not have a “positive opinion” on Finland and Sweden joining NATO, throwing up a potential obstacle for the nations’ membership bid. Erdogan accused both countries of harboring “terrorist organizations” in his unfavorable assessment of the membership bids.

Europe pledged another half billion dollars in military support for Kyiv on Friday as Sweden and Finland's moves toward joining NATO hit multiple hurdles. Moscow said it would cut off electricity to Helsinki, and the president of Turkey expressed opposition to the Scandinavian countries becoming part of NATO.

Finland took a step Thursday towards fast-track NATO membership, triggering a blunt warning from the Kremlin, as the war in Ukraine throttled supplies of Russian gas to Europe and the number of people who fled the country passed six million. In Geneva, the UN Human Rights Council decided to probe...

Once a country has decided to apply for NATO membership, the 30 members of the alliance must agree unanimously to extend a formal invitation, which is followed by membership negotiations. Finnish Foreign Minister Pekka Haavisto has said his country Finland could become a full member of NATO by October.

Finnish-led consortium Fennovoima said on Monday it has terminated a contract with Russian group Rosatom to build Finland's third nuclear power plant, citing risks linked to the Ukraine war.

The pandemic has changed the nature of office work, propelling a massive rise in videoconferencing that looks unlikely to abate as homeworking becomes more entrenched.

Four of the six GCC members feature within the top 50 of the World Happiness Report, and are atop the rankings among the Arab countries.

The World Happiness Report, now in its 10th year, is based on people's own assessment of their happiness, as well as economic and social data.

The agreement was signed on Wednesday in Rabat by Morocco's Minister of Energy Leila Benali, and Finland's Minister of Economic Affairs, Mika Tapani Lintilä.