INSEAD Day 4 - 728x90

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

Ukraine war to ‘deeply destabilise’ food supply in Europe, Africa: Macron

French President Emmanuel Macron. AFP File Photo
  • “Europe and also Africa will be very deeply destabilised as regards food because of what can’t be planted right now in Ukraine,“ Macron told reporters
  • The French leader added that still more economic punishment would be piled on Russia if it continues its invasion of its neighbour
Russia’s attack on Ukraine will “deeply destabilise” food supplies in Europe and Africa as some of the world’s most fertile agricultural land goes unplanted, French President Emmanuel Macron warned Friday.
“Europe and also Africa will be very deeply destabilised as regards food because of what can’t be planted right now in Ukraine,“ Macron told reporters after an EU leaders’ meeting at Versailles Palace outside Paris.
“We will have to prepare for that and re-evaluate our production strategies to defend our food sovereignty… but also to be able to define a strategy concerning Africa,“ he added.
Without it, he warned, “several African countries will be affected by famines within 12 to 18 months precisely because of the war.”
The French leader added that still more economic punishment would be piled on Russia if it continues its invasion of its neighbour.
“If things continue in the military way… we will take further sanctions, including massive sanctions,“ he said, trailing a G7 statement on potential further measures “in a few hours”.
“All options are on the table,“ he added, after EU nations have held off in the first weeks of the conflict from cutting off crucial oil and gas imports from major supplier Russia