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SHARM EL-SHEIKH / WAM The “Youth Pitches” initiative of the Arab Youth Centre held its fifth edition in Sharm El-Sheikh, within the framework of the Conference Of Youth – COY17 that Egypt is hosting ahead of COP27 conference, which was attended by several Arab and youths from across the world. The initiative provides Arab youth with opportunities to showcase their ...

Malaysia’s general election will witness more than 210 multi-cornered contests for parliamentary seats, raising the possibility that fresh alliances would be needed to form a new government. More than 940 candidates will vie for 222 seats in the Nov. 19 vote, with only nine one-to-one contests, according to data from the Election Commission. Several constituencies will see five-cornered fights, with ...

When Brazil’s electoral court announced Luiz Inacio Lula da Silva’s election win on Sunday evening, the defeated President Jair Bolsonaro stayed home and said nothing. Ministers who tried to visit him found the gates to the official residence in Brasilia shut. At around 10 p.m. the lights were turned off. He didn’t concede the following day either, and amid the ...

Singapore’s planned political succession that would see Finance Minister Lawrence Wong become the country’s next leader will coincide with general elections due by 2025, Prime Minister Lee Hsien Loong said. The political landscape is getting more competitive, and Lee told members of his People’s Action Party that it’s imperative for them to keep Singaporeans on their side to ensure a ...

J Sainsbury Plc’s profit is falling after the supermarket absorbed some of its own surging costs to limit price increases for cash-strapped consumers at a time when UK grocers are fighting to maintain market share. Britain’s second-largest supermarket chain said retail operating profit fell 9% in the first half as it invested in key product categories to keep prices competitive ...

Boeing Co.’s proposed sale of 36 new F-15 fighter jets and equipment to Indonesia has hit a snag over financing, according to people familiar with the matter. Executives from the US plane-maker flew to Jakarta this week to discuss the transaction with Indonesian officials on the sidelines of an annual defense exhibition, the people said, asking not to be identified ...

Starbucks Corp. reported sales that exceeded expectations as US consumers forked over more for their lattes amid higher economy-wide inflation, driving the shares higher in late trading. The key measure of same-store sales rise 7% in the quarter ended October 2 — above the average estimate for 4.1% global growth compiled by Bloomberg. Internationally, same-store sales shrank, but less than ...

Britons are paying more than £2 billion ($2.28 billion) to help people heat the country’s biggest houses because of the government’s decision to cap energy bills for everyone rather than target the aid. Subsidising the gas and electricity for homes with at least five bedrooms will cost approximately £1.62 billion between October 2022 and March 2023, according to Bloomberg calculations. ...

Cash is king, with investors fleeing to the safety of cash funds at the fastest pace since the coronavirus pandemic as the Federal Reserve remains firmly hawkish, according to strategists at Bank of America Corp (BofA). The asset class had inflows of $62.1 billion in the week through November 2, according to a note from the bank citing EPFR Global ...

China’s central bank Deputy Governor Fan Yifei is under investigation by an anti-graft agency, the latest high-level finance official to be probed as President Xi Jinping cracks down on corruption. Fan is being investigated for “suspected severe violations of discipline and laws,” according to a statement from the Central Commission for Discipline Inspection, the Communist Party’s top graft buster. Fan ...