MENA Newswire News Desk: In a significant bilateral meeting today, UAE President Sheikh Mohamed bin Zayed Al Nahyan welcomed Nikos Christodoulides, President of the Republic of Cyprus, to discuss enhancing strategic partnerships and furthering economic ties. The discussions centered around deepening cooperation in the economic, developmental,…
News
Nearly 4 million residents of southern Japan have been urged to evacuate as Typhoon Shanshan made landfall on Thursday, unleashing hurricane-force winds, torrential rains, and dangerous storm surges across Kyushu, the country’s southernmost island. The powerful storm has left thousands without power and caused significant…
MENA Newswire News Desk: The summer of 2024 has set a new benchmark as the hottest on record, increasing the likelihood that this year will become the warmest ever measured, according to a report from the European Union’s Copernicus Climate Change Service (C3S). Released on Friday, the data highlights…
Business
China has issued a stern warning to Japan, threatening significant economic retaliation if Tokyo proceeds with additional restrictions on the sale and servicing of chipmaking equipment to Chinese firms. The move complicates ongoing US-led efforts to curb China’s access to advanced semiconductor technology. Japanese officials have been…
China has issued a stern warning to Japan, threatening significant economic retaliation if Tokyo proceeds with additional restrictions on the sale and servicing of chipmaking equipment to Chinese firms. The move complicates ongoing US-led efforts to curb China’s access to advanced semiconductor technology. Japanese officials have been…
The S&P 500 rebounded in August after a rocky start, ending the month with a 2.3% gain. This marked a reversal from the early August slump, where the index dropped by 6.1% in the first three trading sessions. Despite the volatility, 71% of stocks in the S&P 500 posted…
China’s economic foundations are under intense strain as key sectors struggle to maintain momentum. Factory activity contracted for a fourth consecutive month in August, signaling deepening deflationary pressures. The National Bureau of Statistics (NBS) reported that the official manufacturing purchasing managers’ index (PMI) fell to 49.1 from 49.4 in…
India is set to unveil its largest deep-water port, Vadhvan, in Maharashtra on Friday, with Prime Minister Narendra Modi slated to lay the foundation stone, according to a report by Asian News International (ANI). The port, located in Palghar, is expected to significantly enhance India’s maritime capabilities and bolster its…
The International Air Transport Association (IATA) reported a significant rise in global air cargo demand for July 2024, continuing a trend of robust year-over-year growth. According to the latest data, total air cargo demand, measured in cargo tonne-kilometers (CTKs), surged by 13.6% compared to the same period in 2023.…
Warren Buffett’s Berkshire Hathaway reached a significant milestone on Wednesday, becoming the first U.S. company outside of the technology sector to achieve a $1 trillion market capitalization. The Omaha-based conglomerate’s shares have surged by more than 28% in 2024, far outpacing the S&P 500’s 18% gain. The landmark achievement…
Saudi Arabia’s Foreign Direct Investment (FDI) has experienced significant growth, reaching nearly $215 billion in 2023. Khalid Al Falih, the Saudi Minister of Investment, attributes this surge to several key reforms enacted in recent years. These include the Civil Transactions Law, Private Sector Participation Law, Companies Law, Bankruptcy Law,…
Sports
As the UIM F2 World Championship progresses, the Abu Dhabi Powerboat Team is preparing for a critical showdown in Tønsberg, Norway. This Saturday, they aim to clinch the “Fastest Lap” title, a key highlight of the event. Leading the team are the seasoned champions, Rashed Al Qemzi and Mansoor Al Mansoori, who previously secured…