Stock markets in the UAE closed lower on Friday, impacted by falling oil prices. The drop comes as concerns over the effects of Hurricane Rafael of US oil production ease. Abu Dhabi's index dropped 0.2%, while Dubai’s main index fell 0.1%.
OCBC and UOB, Singapore’s second and third largest banks, project stronger loan growth in 2025 after exceeding third-quarter profit expectations. This outlook follows recent U.S. rate cuts, though geopolitical uncertainties could still impact markets, said OCBC’s CEO Helen Wong.
A wildfire near Los Angeles has forced more than 10,000 people to evacuate as strong winds drive flames into neighbourhoods, destroying homes. Firefighters are battling intense Santa Ana winds as the fire spreads across 20,000 acres, threatening thousands more residents
Mexican President Claudia Sheinbaum congratulated Donald Trump on his election victory, calling for dialogue and respect for sovereignty. She expressed confidence in strong U.S.-Mexico relations and reassured the public despite market instability.
Germany’s coalition government collapsed over budget disputes, sparking political turmoil. Opposition leader Friedrich Merz urges an immediate confidence vote, while Chancellor Scholz plans a vote in January, leading to elections by March.
Elon Musk stands to gain from his ties to President-elect Trump, with Tesla shares surging post-election. Trump's policies, including deregulation and tariffs on Chinese imports, could benefit Musk’s businesses, including Tesla and SpaceX.
Trump's Republicans are set to gain control of Congress, pushing an agenda of tax cuts, border security, and deregulation. However, their plan could add trillions to the national debt, challenging their goal of reducing the $35 trillion deficit.
2024 is on track to become the hottest year on record, warns the EU’s Copernicus Climate Change Service, driven by rising global temperatures. Scientists urge stronger climate action at COP29 as extreme weather devastates regions worldwide.
Cuba's electrical grid collapsed Wednesday as Hurricane Rafael struck, leaving millions without power and causing widespread damage across the island.
Nearly 30 leaders from various faiths and traditional religions gathered to discuss the intersection of religion, climate change, and peace
UN Environment Programme reveals that climate change is severely affecting the Caucasus region, with glacier retreat and shrinking freshwater supplies threatening communities
Retailers like Walmart are using advanced weather data to shape local promotions and inventory, adjusting prices on seasonal items like sunscreen and winter gear. New tools help companies plan amid unpredictable weather patterns driven by climate change.
Ryanair has trimmed its passenger growth target for the year ending March 2026 from 215 million to 210 million due to Boeing delivery delays. Despite a reported after-tax profit of 1.79 billion euros, average fares dropped by 10% this year.
Spain is deploying 7,500 troops to its eastern region hit by deadly floods, where at least 217 people have died
Ryanair cut its passenger target for March 2026 from 215M to 210M due to Boeing delays. Profits fell 18% to 1.79B euros as fares dropped, though CEO Michael O'Leary says declines are easing. Ongoing Boeing strikes may further impact deliveries.
Azerbaijan will unveil a new set of sustainable investment standards at the COP29 U.N. climate talks, with support from over 100 countries. The Central Bank aims to simplify green finance and announce funding commitments for green projects by 2030.
New Delhi topped global pollution charts Friday as Diwali firecracker celebrations worsened air quality to hazardous levels, despite a ban. Seasonal crop burning further compounded the smog, leaving the city blanketed in thick, dense pollution.
A new report from the Center for Countering Digital Hate reveals that X's Community Notes feature is ineffective in combating misinformation about the U.S. election, with 74% of misleading posts lacking visible corrections, totalling 2.2 billion views.
Kazakhstan and Mongolia have signed a strategic partnership agreement in Ulaanbaatar, aiming to strengthen ties in trade, transport, agriculture, and tourism, with plans to increase mutual trade from $150 million to $500 million in the near future.
Minister of Defense of Azerbaijan, Colonel General Zakir Hasanov is on a working visit to Morocco
Türkiye celebrated the 101st anniversary of the Republic's declaration on Tuesday. Officials highlighted the nation's resilience and commitment to progress, honouring Ataturk and the heroes of independence, while affirming dedication to a strong global presence.
Istanbul Airport, named Europe’s best by Global Traveler, has welcomed over 317 million passengers since its 2018 opening. With flights to 322 destinations across 120 countries, it continues to excel as a major international hub.
You can download the AnewZ application from Play Store and the App Store.
