Record rainfall causes airport chaos, other disruptions

Record rainfall causes airport chaos, other disruptions

TOPSHOT – Cars are stranded on a flooded street in Dubai following heavy rains on April 18, 2024. Dubai’s giant highways were clogged by flooding and its major airport was in chaos as the Middle East financial centre remained gridlocked on April 18, a day after the heaviest rains on record. Giuseppe Cacace | Afp … Read more

Saudi Arabia is building the world’s first Dragon Ball Z theme park

Saudi Arabia is building the world’s first Dragon Ball Z theme park

Visitors try out the latest version of Dragon Ball Z Kakarot at the 2019 Gamescom gaming trade fair in Cologne, Germany.  Lukas Schulze | Getty Images News | Getty Images Saudi Arabia is set to become home to the first-ever Dragon Ball Z theme park — a 5.3 million square foot entertainment venue announced as … Read more

Saudi Arabia wealth fund in talks to acquire national airline Saudia: Report

Saudi Arabia wealth fund in talks to acquire national airline Saudia: Report

Boeing 787 Dreamliner Saudi Arabian. Aircraft to Fiumicino Leonardo da Vinci Airport. Fiumicino (Italia), Nov. 11, 2021 Massimo Insabato/Archivio Massimo Insabato/Mondadori Portfolio via Getty Images Saudi Arabia’s behemoth sovereign wealth fund is in talks to buy the kingdom’s national airline Saudia, Bloomberg reported over the weekend, citing people familiar with the matter. The reported move … Read more

Turkey opts for new tightening strategy after signaling pause to hikes

Turkey opts for new tightening strategy after signaling pause to hikes

A picture taken on August 14, 2018 shows the logo of Turkey’s Central Bank at the entrance of its headquarters in Ankara, Turkey. ADEM ALTAN | AFP | Getty Images Turkey’s central bank is opting for a different monetary tightening method as it grapples with climbing inflation, after previously signaling that its rate-hiking cycle was … Read more

Turkey is back in from the cold with NATO and F-16 moves

Turkey is back in from the cold with NATO and F-16 moves

President of Turkey Recep Erdogan addresses journalists during the final national press conference during the high level NATO summit in Litexpo Conference Centre in Vilnius, Lithuania on July 12, 2023. Dominika Zarzycka | Nurphoto | Getty Images Turkey spent nearly two years — along with Hungary — holding up Sweden’s accession to NATO. It’s bought … Read more

How ‘quiet luxury’ is subtly taking over investor portfolios

How ‘quiet luxury’ is subtly taking over investor portfolios

VIENNA, AUSTRIA – NOVEMBER 25, 2022: Karin Teigl is seen wearing Hermès yellow leather mini Kelly, Baum & Pferdgarten green leather jacket, Lumina beige cropped turtleneck sweater and vintage checked green yellow pants. Jeremy Moeller | Getty Images Quiet luxury was one of last year’s biggest viral fashion trends on social media — but unlike … Read more

Argentina’s shock peso devaluation weighs on sportswear brand Puma

Argentina’s shock peso devaluation weighs on sportswear brand Puma

A Puma SE sportswear store in central London, UK, on Thursday, Oct. 19, 2023. Bloomberg | Bloomberg | Getty Images German sports retailer Puma on Wednesday said Argentina’s major devaluation of its currency in December hit its financial results. Puma shares closed the session 10.5% lower, at the bottom of Europe’s Stoxx 600 index, after … Read more

MPs call for new measures to rein in Canadian pension investments in China

MPs call for new measures to rein in Canadian pension investments in China

The House of Commons special committee studying Canada-China relations is urging the federal government to introduce new measures to prevent Canadian pension funds from investing in Chinese companies implicated in human rights abuses, corruption or threats to national security. The committee’s report, tabled in the House of Commons this week, calls on Ottawa to, in partnership with … Read more

Anger and frustration as COP28 draft text omits fossil fuel phaseout

Anger and frustration as COP28 draft text omits fossil fuel phaseout

COP28 President Sultan al-Jaber speaks to the media at the U.N. climate conference on Dec. 10, 2023 in Dubai, United Arab Emirates. Sean Gallup | Getty Images News | Getty Images DUBAI, United Arab Emirates — The draft text for a COP28 climate deal that does not include the phasing out of fossil fuels has … Read more