Economy
-
Maersk sees profits slide after months of Red Sea attacks by Yemen’s Houthis
Danish shipping giant Maersk posted Wednesday a 45-percent fall in net profit in the second quarter, as supply chain disruptions…
Read More » -
Egypt asks its airlines to avoid Iran airspace for three hours on Thursday
Egypt instructed all of its airlines to avoid Iranian air space for a three-hour period in the early morning on…
Read More » -
Air France and Transavia extend Beirut flight suspension
Air France said Tuesday that its flights and that of its low-cost subsidiary Transavia to Beirut will be suspended through…
Read More » -
Italy’s ITA Airways extends suspension of Tel Aviv flights
Italy’s ITA Airways has extended a suspension of its flights to and from Tel Aviv until Aug. 8 “due to…
Read More » -
US Federal Reserve under pressure to cut rates as market turmoil continues
The ongoing global stock sell-off has fueled calls for the US Federal Reserve to lower interest rates swiftly and decisively,…
Read More » -
US to award SK Hynix up to $450 mln for US chips packaging facility
The US Commerce Department said on Tuesday it plans to award SK Hynix up to $450 million in grants to…
Read More » -
Saudi Aramco Q2 profit drops 3.4 percent on lower volumes, refining margins
Oil giant Saudi Aramco on Tuesday reported a 3.4 percent fall in second-quarter profit on lower crude volumes and softer…
Read More » -
Buy, sell or hold? Experts weigh in on Dubai’s red-hot property market
With Dubai’s booming property markets showing no sign of slowing down in 2024, homeowners across the emirate are facing a…
Read More » -
Iraq says it rejects ‘reckless’ action targeting its bases and coalition outposts
Iraq said on Tuesday it rejects all “reckless” actions that target Iraqi bases, diplomatic missions, and US-led coalition outposts. On…
Read More » -
Meta in talks to use voices of Judi Dench, Awkwafina for A.I.
Meta is in discussions with actors such as Awkwafina and Judi Dench, as well as influencers, for the right to…
Read More »