Its net profit spiked to US$3.7 billion in 2023.

The deliveries sped up 9.5 percent to 10,112 vehicles.

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...

Washington, US - G7 countries warned Iran on Friday that they will impose "significant" new sanctions if Tehran transfers ballistic missiles to Russia for use in Ukraine. "We reiterate our call on third parties to immediately cease providing material support to Russia's illegal and unjustifiable war of aggression against Ukraine or...

British telecoms giant sold the business for US$8.7 billion.

ROME, ITALY – The situation in the Red Sea has not yet been reflected in the pace of prices for foods monthly reflected in the FAO Food Price Index, Monika Tothova, the economist at the Food and Agriculture Organization of the United Nations (FAO) said. “Following on its 2023 and...

ROME, ITALY – The European country's data protection watchdog - Italian Data Protection Authority - said on Friday it has launched an investigation into Sora, a new artificial intelligence (AI) tool made by US firm OpenAI. The Italian Data Protection Authority said it was concerned over "the possible implications for the...

Rome, Italy - The UN's food agency on Thursday said it was pressing Israel to allow it to use the Ashdod port north of Gaza to make it easier to reach starving Palestinians. "We have several requests with the Israelis," World Food Program (WFP) Deputy Executive Director Carl Skau told AFP in...

The World Food Program (WFP) resumed deliveries on Sunday after a three-week halt but its convoy "faced complete chaos and violence due to the collapse of civil order", it said. Twenty weeks into Israel's war against Hamas in the Gaza Strip, UN agencies have warned that food and safe water...

Poor display across Italy, Spain is said to be the reason for loss.

The European Commission said it had "preliminary concerns that the transaction may reduce competition in the market for passenger air transport services on several short-haul and long-haul routes in and out of Italy".

ROME, ITALY - ArcelorMittal has offered to sell its stake or become a minority shareholder in an Italian steelworks after Rome moved to put the plant under state supervision, the chief executive said in a letter seen by AFP. Aditya Mittal wrote to Italian Prime Minister Giorgia Meloni to press for...

Francesca Albanese, an Italian lawyer who is the UN special rapporteur on the Palestinian territories, told a Madrid news conference that Israel had done a "number of things that are highly illegal, highly unlawful." Her comments came as Israel confronts a case brought by South Africa to the UN's ICJ...

Bringing food and supplies to the besieged population of Gaza, which is increasingly at risk of famine, also depends on the opening of new entry routes into the territory, the World Food Program (WFP), UNICEF and the World Health Organization (WHO) said in a joint statement.

The task force announced by US Defense Secretary Lloyd Austin on Monday initially included Britain, Bahrain, Canada, France, Italy, the Netherlands, Norway, Seychelles and Spain. The Iran-backed Houthis say their missile and drone strikes on passing container ships are in support of Palestinians in the Gaza war raging between Israel...

Dubai, UAE – About 79 percent of UAE employees believe digital skills are crucial for business success, and 84 percent feel that new technologies are empowering them to reach their potential, according to a latest ServiceNow survey .  The survey, which included over 5,500 working adults from the UAE, France,...

Proponents of the BRI praise it for bringing resources and economic growth to the Global South. But critics have long pointed to opaque pricing for projects built by Chinese companies, with countries including Malaysia and Myanmar renegotiating deals to bring down costs.

ROME, ITALY - The population of Gaza, especially women and children, risk famine if humanitarian food supplies do not continue, the UN's World Food Program warned on Tuesday. The WFP said it had delivered food to 121,161 people in Gaza since Friday, when a four-day truce between Israel and Hamas began....

Tel Aviv, Israel - Israel has reportedly withdrawn its support for Saudi Arabia’s bid to host the Expo 2030. The decision, reported by the Kan public broadcaster, comes in the wake of mounting tensions between Jerusalem and Riyadh over the Gaza conflict. Israel had previously signaled its backing for Saudi...

Riyadh, Saudi Arabia: Around 80% of consumers surveyed across 16 countries now view climate change as the world’s No. 1 challenge, a recent research conducted by GSMA Intelligence with support from Huawei, revealed. The countries include Saudi Arabia, Turkey, Egypt, South Africa, Argentina, Brazil, France, Germany, Indonesia, Italy, Japan, Pakistan,...

Thirsty pups can opt for a green apple and watermelon juice, or go wild and have a pear, strawberry or banana one instead.

Dubai, UAE--Dubai International Chamber has attracted a total of 92 businesses, including 15 multinational companies and 77 SMEs, to the emirate between January and September 2023. The chamber has also supported the successful expansion of 33 Dubai-based companies into global markets, either by increasing their exports or helping them to...

This drop is smaller than the 31 percent fall in Q2.

The JV will set up a facility to make tires in Saudi Arabia.

ROME, ITALY - The Food and Agriculture Organization of the United Nations (FAO) raised its forecast for global cereal production in 2023 to 2,819 million tonnes, now 0.9 percent higher than the previous year. The higher forecast is almost entirely based on recent and more positive yield estimates for the...

Tripoli, Libya--Libya and Italy have signed an agreement to enhance cooperation to enable air transport companies to operate charter and regular flights between the two countries. In this regard, the Libyan Civil Aviation Authority and the Italian civil aviation authority signed a memorandum of understanding (MoU) at the Ministry of...

ROME, ITALY - An Italian-Palestinian student detained without charges by Israel since August was due to be released, his lawyer in Rome said on Sunday. Khaled El Qaisi, 27, was arrested on August 31 while crossing from the West Bank to Jordan after a family vacation in his home city of...

Tripoli, Libya - A Rome-bound aircraft departed on Saturday from Libya's capital, restarting flights to Italy after a nearly decade-long suspension due to an EU ban, authorities in Tripoli said. The European Union in 2014 halted flights operated by Libyan airlines and banned them from entering member states' airspace, as the...

Bad weather over the past week had prevented those fleeing North Africa to venture the risky Mediterranean crossing. The earlier surge pushed the migration issue once more to the top of the European agenda, with Italy's hard-right government demanding more help from Brussels.

The land journey from sub-Saharan African countries, where many of the migrants hail from, to departure points on the Tunisian and Libyan coasts "remains one of the world's most dangerous," Ruven Menikdiwela, director of the UNHCR New York office, said. The migrants and refugees "risk death and gross human rights violations...

Part of the aim of the revised policy is for European Union countries to act together should they be faced with a sudden large inflow of asylum-seekers, as happened in 2015-2016 when hundreds of thousands of migrants arrived, most of them Syrians fleeing the war in their country.

Brussels, Belgium - EU member countries on Monday adopted a watered-down deal on curbing car emissions, after auto manufacturers complained stricter measures could undermine electric vehicle investments. Led by France and Italy, the 27 nations voted for a less ambitious plan than the one put forward by the European Commission in...

Messina Denaro was one of the most ruthless bosses in Cosa Nostra, the real-life Sicilian crime syndicate depicted in the Godfather movies. He was convicted by the courts of involvement in the murder of anti-Mafia judge Giovanni Falcone in 1992 and in deadly bombings in Rome, Florence and Milan in...

The EU is to start releasing money to Tunisia under a pact aimed at stemming irregular migration from the country, the European Commission said. EU lawmakers, the bloc's ombudsman and migrant assistance charities have questioned whether the deal with Tunisia meets European rights standards. Tunisia is struggling with high debt...

Meloni, who won the election last year on a vow to stop immigration, said Sunday the defense ministry would also be charged with setting up more repatriation centers "as soon as possible". The government allocated 42.5 million euros ($45.3 million) at the end of 2022 for new repatriation centers, and the...

Tel Aviv, Israel - Israel's Prime Minister Benjamin Netanyahu has welcomed the launch of the ambitious India-Middle East-Europe Economic Corridor (IMEC) as the "largest cooperation project in our history" that will have a profound impact on the Middle East, Israel, and the world. Leaders from the United States, India, Saudi...

Washington, US - The REPO (Russian Elites, Proxies and Oligarchs) task force, set up to search and freeze Russia-related assets, estimates the overall value of sovereign Russian assets, blocked by the West, at $280 billion. “The total value of assets <…> is estimated at around $280 billion, the majority of which is held in the European Union,” the US Department of the Treasury...

Milan, Italy -- The Saudi-Italian Investment Forum, jointly organized by the Saudi Ministry of Investment and the Italian Ministry of Enterprises and Made in Italy, has witnessed the signing of 21 agreements and memoranda of understanding (MOUs) across various sectors.Hosted in Milan, the Forum was attended by the Saudi Minister...

Cairo, Egypt - Italian energy giant Eni has revealed plans to invest $7.7 billion in Egypt's energy sector over the next four years, according to Egyptian Presidential spokesman Ahmad Fahmi. "The President values the distinguished Egyptian-Italian relations and the extended partnership with Eni, which executes multiple activities in Egypt according...

WASHINGTON, US - Elon Musk said that his much-hyped cage fight with Mark Zuckerberg would take place in Italy, as authorities there confirmed talks about hosting a "great charity event." While any showdown between the two tech titans has yet to be officially confirmed, Musk said on Friday on his X...

The metal boat overturned in bad weather during the night of Thursday to Friday after setting off from the Tunisian port of Sfax, said a joint statement from the UN agencies for refugees, children and migration. The survivors -- a 13-year-old boy on his own, a woman and two men...

BEIRUT, LEBANON - Lebanon on Thursday handed over to Italian authorities an alleged member of Italy's notorious 'Ndrangheta mafia wanted for involvement in the international drug trade, a judicial official said. Lebanese authorities "handed over Bartolo Bruzzaniti, 48 ... to an Italian security delegation which put him on a private plane...

Paris, France - Italy and Turkey have asked to jointly host the 2032 European Championship, UEFA announced on Friday. European football's governing body said it had "received a request" from the Italian (FIGC) and Turkish (TFF) football federations "to merge their individual bids into one joint bid". In 2021, UEFA initiated...

Adjusted net profit also fell down 49 percent in the second quarter.

Dubai, UAE-- Calling on governments around the world to demonstrate leadership by signing the "Leaders Declaration on Food Systems, Agriculture and Climate Action", the COP 28 Presidency launched its Food Systems and Agriculture Agenda during the Food Systems Summit in Rome. It forms part of its continued work to define...

The president met with a string of leaders from the Arab world and the European Union and discussed ways to deepen partnerships with these countries. During the meetings, Sheikh Mohamed explored ways with the leaders to support and develop these relations for the benefit of the people of all countries...

Italy and the European Commission have sought to step up engagement with Tunisia, promising funding if the country undertakes to stem emigration from its territory. According to the UN, more than 100,000 migrants arrived by sea to Europe -- most to Italy -- in the first six months of 2023,...

Record heat is forecast around the world from the United States, where tens of millions are battling dangerously high temperatures, to Europe and Japan, in the latest example of the threat from global warming. The heatwaves come after EU's climate monitoring service said the world saw its hottest June on...

ROME, ITALY - World cereal production is predicted to hit a record high in 2023-24, according to the latest Cereal Supply and Demand Brief, released by the Food and Agriculture Organization (FAO) on Saturday. FAO raised its 2023 global cereal production forecast to 2 819 million tonnes, indicating a 1.1...

Hundreds of migrants from sub-Saharan Africa have been left stranded in dire conditions in the south of Tunisia since being driven out of the port city of Sfax in the past week. The rights group's statement comes against a backdrop of violence after the funeral of a 41-year-old Tunisian man...