INSEAD Day 4 - 728x90

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Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

G7 foreign ministers met by videoconference over Mideast: Italy

An Israeli Navy corvette patrols along the coast of the northern port city of Haifa on August 3, 2024. (AFP)
  • "Together with our partners, we have expressed strong concern about recent events that threaten to determine a regionalization of the crisis," Italian foreign minister said.
  • The foreign ministers, it said, "reiterated the priority of a favorable conclusion of the negotiations on the ceasefire in Gaza and the release of hostages".

Rome, Italy — G7 foreign ministers met by videoconference Sunday to discuss the Middle East and expressed “strong concern” over the threat of escalation, Italy’s Foreign Minister Antonio Tajani said.

“Together with our partners, we have expressed strong concern about recent events that threaten to determine a regionalization of the crisis, starting from Lebanon,” said Tajani in a statement.

“We call on the parties involved to desist from any initiative that could hinder the path of dialogue and moderation and favour a new escalation,” said the statement issued by the foreign ministry of Italy, which holds the G7 presidency this year.

The foreign ministers, it said, “reiterated the priority of a favorable conclusion of the negotiations on the ceasefire in Gaza and the release of hostages” while stepping up humanitarian assistance.