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Tie, Accessories, Accessory

Spain’s King Felipe says he is worth €2.6m

Spain’s King Felipe VI has disclosed that his wealth is worth about 2.6 million euros ($2.8 million) in a move to make the Royal House more transparent and end the opaqueness that prevailed during the reign of his father Juan Carlos. The king’s assets include just under 2.3 million euros in checking or savings accounts […]

Spoke, Machine, Tire

Tesla’s big swoon as Musk moves for Twitter

This has been a wild week in the auto business. Ford and General Motors are duking it out over which of them will be No. 1 in the US electric vehicle market by the middle of the decade. Meanwhile, the current No. 1, Tesla, got a rude slap from its shareholders. You’d think convincing skittish […]

Iran summons Afghan envoy after protesters’ attack

Iran summoned the Afghan envoy to Tehran, Iranian state TV reported, afterprotesters threw rocks at Iranian diplomatic missions in Kabul and Herat over what they called “mistreatment of Afghan refugees” in the Islamic Republic. The protests began after videos posted on Twitter in recent days showed young Afghan refugees in Iran being harassed and humiliated […]

$600m projects frozen as Taliban issues school ban for girls

The World Bank has put four projects in Afghanistan worth $600 million on hold amid concerns over a decision by the country’s ruling Islamist leaders to ban girls from returning to public high schools, the bank said. The projects, to be funded under the revamped Afghanistan Reconstruction Trust Fund, were being readied for implementation by […]

Huge surge in measles as Covid hits jab campaigns

Measles cases jumped by 79 percent in the first two months of this year compared to 2021, after COVID-19 and lockdowns disrupted child vaccination campaignsaround the world, according to data from UNICEF and the World Health Organisation (WHO). In January and February, there were 17,338 measles cases reported worldwide, up from 9,665 in the same […]

Person, Human, Audience

Turkish court sentences Kavala to life in prison

A Turkish court sentenced philanthropist Osman Kavala to life in prison on Monday finding him guilty of attempting to overthrow the government by financing 2013 nationwide protests, in a case that Europe’s top court and Ankara’s Western allies said was politically motivated. Kavala, 64, has been in jail for 4-1/2 years without a conviction and […]

Private jets see General Dynamics profit take off

Gulfstream jet maker General Dynamics Corp on Wednesday posted a 3.1 percent rise in first-quarter profit, as demand for private air travel during the coronavirus pandemic remained high. Shares were up 3.5 percent in morning trading to $245.16. Cautious passengers who opted for private flights instead of commercial flights due to fears of contracting coronavirus […]

Boeing shares plunge on fresh 777X setbacks

Boeing said on Wednesday it was halting 777X production through 2023 due to a fresh delay in its entry into service after certification problems and weak demand, with $1.5 billion in added costs for the mini-jumbo program. Shares of the US planemaker fell 11 percent to $146.62 in early trading – a nearly 1-1/2 year […]

Person, Human, Room

King Abdullah joins Biden to defuse Jerusalem tension

Jordan’s King Abdullah agreed with U.S. President Joe Biden on the need to prevent a repeat of recent confrontations in Jerusalem’s Muslim holy sites that sparked concerns of wider conflict, state media said. In a phone call on Monday, Abdullah was quoted as saying the cornerstone of peace was a comprehensive Arab Israeli settlement based […]

Jordan’s king agreed with U.S. Biden on need to defuse Jerusalem tension

Jordan’s King Abdullah agreed with U.S. President Joe Biden on the need to prevent a repeat of recent confrontations in Jerusalem’s Muslim holy sites that sparked concerns of wider conflict, state media said. In a phone call on Monday, Abdullah was quoted as saying the cornerstone of peace was a comprehensive Arab Israeli settlement based on a two-state solution […]

Turkish President Erdogan plans visit to Saudi’s Crown Prince

Turkish President Tayyip Erdogan plans to visit Saudi Arabia on Thursday and meet Crown Prince Mohammed Bin Salman as Ankara tries to mend ties with Riyadh after dropping a legal case on the killing of journalist Jamal Khashoggi in Istanbul. Relations have been tense since a Saudi hit team killed Khashoggi at the kingdom’s Istanbul […]

Watercraft, Vessel, Vehicle

Saudi Arabia, France pledge $30m for Lebanon aid

France and Saudi Arabia announced a joint development fund for crisis-hit Lebanon on Tuesday, pledging an initial $30 million to support food security and the country’s crippled health sector, a French embassy statement said. The funds will be routed to humanitarian projects to provide emergency aid, including food, to the most vulnerable populations in Lebanon, […]

Dollar hits five-year high, growth concerns dent euro

The dollar hit a five-year high ahead of the expected rate hike by Federal Reserve, while the euro weakened on growth concerns after Russia cut off gas supplies to parts of the region. The dollar has gained on expectations that the US central bank will be more hawkish than peers. The Fed is expected to increase rates by 50 basis […]

‘Great Resignation’ sees more companies offer equity to staff

Companies in North America and Europe plan to give more employees an equity stake in their businesses to help retain talent amid a pandemic-induced “GreatResignation”, a survey showed on Wednesday. Global Equity Organization (GEO), a not-for-profit body tracking global share plans and executive compensation, said 25 percent of North American companies and 22 percent of European firms surveyed said they […]

Yemen’s Houthis release crew of seized Emirati cargo vessel

The Houthi movement that controls most of northern Yemen has released the crew of the United Arab Emirates cargo ship RWABEE that was seized on January 3, the group’s spokesman said. The release of the crew – 11 in all according to sources familiar with the matter – was agreed with the assistance of Oman, spokesman Mohammed […]

Humanity on ‘spiral of self-destruction’ as disasters rise

The world is set to face 1.5 disasters a day – 560 a year – by 2030, as humans put themselves on a “spiral of self-destruction” by heating up the climate and ignoring risk, pushing millions more people into poverty, the United Nations warned on Tuesday. In the past two decades, between 350 and 500 medium-sized to major disasters were […]

Erdogan ready to lift all coronavirus measures in Turkey

President Tayyip Erdogan said on Tuesday that Turkey is ready to lift all measures against the coronavirus, adding that mask wearing will no longer be obligatory indoors. Speaking after the final meeting of the advisory science council, Erdogan said masks will still be mandated on public transport and in medical institutions until daily new cases […]

Advertisers unfriend as Facebook owner heads for dismal quarter

Facebook-owner Meta Platforms is expected to report its slowest quarterly ad revenue growth in a decade on Wednesday, as businesses pull back on ad spending against the backdrop of soaring inflation worldwide and the war in Ukraine. Global advertising and marketing budgets will be strained further if the Ukraine crisis drags on in the coming […]

Britain to allow poultry outside as bird flu threat recedes

A mandatory housing order for poultry and captive birds in Britain is to be lifted, effective May 2, with the threat of bird flu now decreasing after the country’s worst-ever outbreak. The four chief veterinary officers, with responsibilities for England, Scotland, Wales and Northern Ireland, announced the move in a joint statement on Monday, opening […]

US energy secretary says oil, gas output will continue to increase

The US Energy Secretary said on Monday US oil and gas production is rising and will continue to rise to make up for the 1 to 1.5 million barrels of oil per day that has been pulled off the market in the wake of Russia’s invasion of Ukraine. Jennifer Granholm told CNBC the boost in US oil […]

Italy’s Enel in talks to sell Brazilian power distributor for $2bn

Italy’s Enel SpA is in talks to sell its Brazilian power distributor company Celg-D in a deal that may reach $2 billion, four sources with knowledge of the matter said. Celg-D distributes power in the Brazilian centre-west state of Goias and serves 3.27 million customers. The sources said companies interested in acquiring Celg-D include Brazilian rivals […]

Commodity stocks drag FTSE 100 lower

Commodity stocks and banks led a near 2 percent drop in London’s FTSE 100 on Monday as fears of a global economic slowdown sapped sentiment at the start of a week loaded with corporate earnings. After falling as much as 2.4 percent, the blue-chip index pared some losses to close down 1.9 percent at its […]