Pakistan's top oil refiners see profits surge more than 1,860%
Pakistan's four largest listed oil refineries saw their combined profits soar by more than 1,860 per cent in the quarter ending September 2026,...
Italy lodged a formal protest on Saturday over the release on bail of the owner of a Swiss bar destroyed by a deadly New Year’s Day fire and recalled its ambassador to Switzerland, as the court decision drew criticism in both countries.
Jacques Moretti and his wife, Jessica, who own the Le Constellation bar in Crans-Montana, are being investigated for negligent homicide and other offences linked to the blaze, which killed 40 people and injured more than 100, many of them teenagers.
Moretti was arrested on 9 January but was released on bail on Friday.
Italian Prime Minister Giorgia Meloni described the decision as “an affront to the memory of the victims and an insult to their families”. Six of those killed were Italian nationals, as were 10 of the injured.
In a statement, the Italian government said Meloni and Foreign Minister Antonio Tajani had instructed Italy’s ambassador to contact Beatrice Pilloud, chief prosecutor in Switzerland’s Valais canton, to express Italy’s “strong indignation” at Moretti’s release.
The statement said the court had ordered his release despite the seriousness of the alleged offences, the risk of flight and concerns that evidence could be tampered with.
“Italy as a whole is demanding truth and justice and calling for measures that fully respect the suffering and expectations of the families affected by this tragedy,” the statement said.
Meloni and Tajani also ordered Ambassador Gian Lorenzo Cornado to return to Rome to consider possible further steps.
Pilloud confirmed to Swiss news agency Keystone SDA that she had been contacted by the Italian ambassador, but said the release had been ordered by a separate court.
“I do not wish to be responsible for a diplomatic incident between our two countries,” she said, adding that she would not bow to pressure and had advised the ambassador to raise the matter with Swiss political authorities.
A spokesperson for Switzerland’s foreign ministry was not immediately available to comment.
Moretti was released under bail conditions that included a payment of 200,000 Swiss francs and a requirement to report daily to a police station.
Lawyers representing victims and their families said they were struggling to understand the ruling and expressed concern that evidence could disappear.
“This is another blow to a wound that will never heal,” Andrea Costanzo, whose 16-year-old daughter Chiara died in the fire, was quoted as saying by Italian newspapers.
The Morettis have expressed their sorrow over the tragedy and said they will cooperate fully with investigators. Their lawyers said they would continue to comply with all requests from the authorities.
Iranian Supreme Leader Ayatollah Khamenei has ordered Iran's armed forces to respond to any threat immediately and without geographical limits in statements posted to social media platforms on Saturday (31 October).
Gen Z protests swept 34 German cities on Saturday (31 October) over education and living costs. Violence erupted in Frankfurt, where shops were looted and police reported Molotov cocktail attacks.
A six-day humanitarian ceasefire in the Russian-held Ukrainian town of Oleshky ended on Sunday, 1 November, after facilitating aid deliveries and civilian evacuations.
Thousands protested in Albania's capital, Tirana, on Saturday (31 October), demanding Prime Minister Edi Rama's resignation over perceived corruption allegations and dissatisfaction with the government over a lack of jobs and poor education standards.
Saudi Aramco's acquisition of a 49 per cent stake in artificial intelligence (AI) company HUMAIN is putting a spotlight on a wider investment question: why are some of the world's biggest energy companies moving deeper into AI, and what do they expect to gain?
ADIPEC 2026, the world's largest energy event, opened in the UAE capital on Monday, bringing governments and energy companies together at a time of heavy pressure on global supply.
The U.S. administration has reportedly proposed restarting Russian gas supplies to Europe through Ukraine as part of efforts to secure an energy ceasefire ahead of winter.
Israeli forces have withdrawn from the entire city of Hebron in the southern West Bank after a 10-day military operation that displaced thousands of Palestinians and left homes demolished, infrastructure damaged and businesses disrupted, according to the city's governor.
The United Nations is ending its 35-year peacekeeping mission in Western Sahara after the Security Council failed to agree on renewing its mandate, UN Secretary-General António Guterres announced on Sunday.
Kimi Antonelli became Formula One's youngest world champion at 20 years and 68 days old on Sunday when he finished third for Mercedes in a red-flagged and restarted Mexico City Grand Prix won by Red Bull's Max Verstappen.
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