Month: May 2022
Siemens to leave Russia due to Ukraine war, take hefty charge
Siemens will quit the Russian market due to the war in Ukraine, it said on Thursday, as losses and charges at its train-making business led to a downturn in profit during its second quarter. “We join the international community in condemning the war in Ukraine and are focused on supporting our people and providing humanitarian […]
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Finland’s leaders say country should apply for NATO membership ‘without delay’
A French soldier takes part in a major drill as part of NATO’s EFP (Enhance forward presence) operation at the Tapa Estonian army camp near Rakvere, on February 6, 2022. Alain Jocard | Afp | Getty Images Finland’s President Sauli Niinisto and Prime Minister Sanna Marin said Thursday that the country should apply to join […]
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Dubai Airports passenger traffic may reach pre-Covid levels earlier than expected, CEO says
Air passenger traffic in Dubai may reach pre-pandemic levels in 2024, a year earlier than previously expected, Dubai Airports CEO Paul Griffiths said. Karim Sahib | AFP | Getty Images Air passenger traffic in Dubai may reach pre-pandemic levels in 2024, a year earlier than previously expected, Dubai Airports CEO Paul Griffiths said. “We recorded […]
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Russia is the ‘most direct threat’ to world order, EU chief says; Finland’s leaders say NATO decision imminent
Finland’s leaders say the country should apply to join NATO ‘without delay’ Three NATO warships from the Standing Nato Mine Countermeasures Group 1 (SNMCMG1 group), EML Sakala from Estonia, Dutch HNLMS Schiedam and the flagship LVNS Virsaitis from Latvia, arrive to a harbour, to train with Finland’s coastal fleet, in the Finnish southwestern coastal city […]
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Bitcoin tumbles below $27,000 for first time since December 2020 as crypto sell-off intensifies
Bitcoin plunged further below the $30,000 mark as investors fled cryptocurrencies. Jaap Arriens | NurPhoto | Getty Images Bitcoin slumped below $27,000 Thursday for the first time in over 16 months, as cryptocurrency markets extended their losses amid fears over rising inflation and the collapse of a controversial stablecoin project. The price of bitcoin plunged […]
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Biden hosts Southeast Asian leaders at the White House today. Here’s what to expect
Southeast Asian leaders will this week head to Washington DC for a summit with US President Joe Biden, here seen participating virtually in the previous ASEAN Summit from the White House in Washington DC in October 2021. Nicholas Kamm | Afp | Getty Images In the midst of the Ukraine war which is Washington’s top […]
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Chinese jet aborts takeoff, catches fire
A plane of Tibet Airlines taxis on a runway on January 9, 2020 in Lhasa, Tibet. He Penglei | China News Service | Getty Images China’s Tibet Airlines said all passengers and crew had been evacuated from an Airbus A319 plane that caught fire after an aborted takeoff in the southwestern city of Chongqing on […]
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Will new Philippine president Marcos Jr. pivot toward China? Analysts are divided
A landslide victory is on the cards for Ferdinand “BongBong” Marcos Jr. in the Philippines, seen here at his campaign headquarters in Mandaluyong City, Manila, on Monday. Veejay Villafranca/Bloomberg via Getty Images It appears all but certain that Ferdinand Marcos Jr., the namesake son of the late dictator, will become the Philippines’ next president. The […]
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Inflation hasn’t affected travel activity in Europe that much, says Indian hospitality firm
Mandar Vaidya of Oyo says that’s probably because of pent-up demand. Source
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Hong Kong central bank steps in to support weakening currency, in first intervention since Oct. 2020
People wearing face masks walk by the Hong Kong Monetary Authority on March 4, 2020 in Hong Kong. The Hong Kong Monetary Authority bought HK$1.586 billion ($202 million) from the market on Thursday to stop the local currency weakening and breaking its peg to the U.S. dollar, the de-facto central bank’s first intervention in 18 […]
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