World - Page 30

Oil and gas giants saw profits slump $29.2 bln

The world’s largest oil and gas companies saw their combined profits slump by a massive $29.2 bln year-on-year, as a sharp decline in gas demand and lower oil prices significantly cut down

24th October 2023

Energy/Markets/World

Nerves ahead of Tuesday PMIs

By Craig Erlam It’s been a jittery start to the week, with the continued rise in US yields making investors nervous about what challenges lie ahead for the economy. We’ve heard a

24th October 2023

Markets/World

UK warns travellers of Middle East demos in Cyprus

The UK Foreign Office has updated its travel advice to British nationals living or visiting Cyprus, stating the heightened chance of demonstrations relating to the tension in the Middle East. In the

24th October 2023

Cyprus/Europe

Nicosia wants work on Israel-Palestine two states solution

Foreign Minister Constantinos Kombos said there’s an urgent need for de-escalation and creating the political horizon to lead to a two-state solution in Israel – Palestine. He commented ahead of the EU

23rd October 2023

Cyprus/Middle East

Improving Greek-Turkish relations helps Cyprus

Greece’s Foreign Minister George Gerapetritis dismissed as completely unfounded the criticism that the Cyprus issue has been put on the back burner to avoid disturbing the climate in warming Greco-Turkey relations. He

23rd October 2023

Cyprus/Europe

Cyprus eyes role in Gaza de-escalation

Cyprus can contribute to an effort to start a dialogue that may lead to a de-escalation of the crisis in the region, President Nikos Christodoulides said. He participated in Saturday’s Peace Summit

23rd October 2023

Cyprus/Middle East

No end to grief in Gaza

Pleas from the UN warning of a severe humanitarian crisis in Gaza has failed to shift the dial to get water, food and medicine through the Egypt crossing to weary Palestinians. There

22nd October 2023

Comment/Middle East

Islamic banks enjoy stellar profits, defy high interest rates

Distinct from recent bank blow-ups, Signature Bank and First Republic, some banks are doing extremely well in this high-interest rate environment. Their balance sheets are not riddled with low-interest-rate mortgages like most

21st October 2023

Business/Comment/Markets/Middle East/World

UK consumer activity cools in run-up to festive season

By Craig Erlam UK consumers are reining in spending in the run-up to the festive season and the latest survey from Gfk suggests it’s not just the weather that’s driving it. Retail

20th October 2023

Markets/World

Calls for EU coordination on possible Middle East refugee flows

Cyprus wants coordinated action from Brussels to deal with a possible new influx of refugees due to the Israel-Hamas war, Interior Minister Constantinos Ioannou told the EU Justice and Home Affairs Council meeting

20th October 2023

Cyprus/Middle East