Abu Dhabi / WAM The UAE is the latest member state to join the Schools Meals Coalition (SMC), coming off the back of the ministerial meeting in Helsinki. The unfolding food crisis and resulting rise in food insecurity is leading to the new urgency to expand the coalition in all countries and to ensure that every child has the opportunity ...
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Nato’s nuclear war games are a risk it needs to take
James Stavridis This week, the North Atlantic Treaty Organization started a round of exercises of its nuclear capabilities in Western Europe, centered in Belgium and the UK. This comes at a particularly fraught moment in Nato-Russian relations, to say the least, given President Vladimir Putin’s frequent rattling of the nuclear saber over the past six months. Russia is “not bluffing†...
Read More »US allies fear Trump whiplash, eye midterms for political clues
America’s closest allies are nervously watching US midterm elections for any signals that voters could return Donald Trump to the White House in two years, with foreign officials fanning out to battleground states for meetings to collect information that might help avoid a 2016-like shock. Officials from Europe and Asia are flying from their home countries to augment the traditional ...
Read More »Korean border tensions heat up with warning shots near sea line
The two Koreas fired warning shots at each near a nautical border after Seoul said a merchant vessel from its neighbor crossed the line, adding to a recent series of provocations along one of the world’s most militarized boundaries. South Korea’s military said it fired warning shots after the North Korean vessel violated the western sea border at 3:42 a.m. ...
Read More »Credit Suisse to pay $234m to settle tax fraud case
Credit Suisse Group AG agreed to pay $234 million to settle a French criminal probe into allegations the bank helped clients stash undeclared funds. The deal brings to an end the investigation into suspicions of laundering of tax fraud proceeds, top financial prosecutor Jean-Francois Bohnert said in court on Monday. Under the terms of the agreement, the Swiss bank makes ...
Read More »Korea’s $35b aid plan spurs relief rally in stocks, bonds
South Korean assets rallied on Monday after the government pledged at least 50 trillion won ($34.8 billion) to prop up credit markets, easing concerns about rising default risks in the key sectors including real estate. The Kospi index advanced as much as 2%, with shares of brokerages and builders such as Kiwoom Securities Co., Meritz Securities Co. and Dongbu Corp. ...
Read More »ERC launches several projects in Mauritania
NOUAKCHOTT / WAM The Emirates Red Crescent (ERC) has launched several development projects in Aghlik bin Bayyah Village, as part of its continuous efforts to support vital services in Mauritania. The projects included the rehabilitation of a medical centre in the village and the Holy Quran Memorisation Institute. An artesian well was dug and provided with a solar-powered tank and ...
Read More »No room for political polarisation at COP27: Egyptian foreign minister
Abu Dhabi / WAM    Egypt’s Foreign Minister Sameh Shoukry has articulated the central importance of the ‘COP27’ his country will host next month in the winter resort of Sharm El Sheikh, calling for pulling the 27th Conference of the Parties of the UNFCCC out of the ongoing context of “strong political and economic polarisation and the dynamics of politicisation and ...
Read More »Johnson premiership would ‘implode’: Baker
A prominent member of the Tory right has come out in support of Rishi Sunak as the UK’s next prime minister and and declared that if former premier Boris Johnson won the contest it would be a “guaranteed disaster.†Steve Baker, a Northern Ireland minister and prominent Brexiteer who backed Johnson in the 2019 general election, told Sky News that ...
Read More »Prioritizing Italy Inc is Giorgia Meloni’s plan as new prime minister
Giorgia Meloni plans to uphold Italy’s pro-Ukraine and pro-Nato stance, but her government is set to shift internal policy to provide a greater shield for the country’s companies and industry. The leader of Brothers of Italy formally takes over from Mario Draghi as head of government Sunday. The two have already exchanged the little bell used to open cabinet ...
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