County Gulf Financial News

Tens of thousands of British Columbians were without power on Wednesday after a bomb cyclone brought strong winds overnight.

BAKU: The European Union on Monday urged «wealthier high-emitting» developing nations to voluntarily contribute to climate finance, signalling a shift from its earlier position that had stalled progress in the UN climate talks. Securing a new climate finance package to help developing countries reduce emissions and adapt to climate change is the top priority of this year's UN climate talks. Developing nations need at least $1.3 trillion annually to tackle worsening climate impacts. The EU and some developed countries argue that such a large sum can only be achieved if «wealthier high-emitting» developing nations, like China and Gulf states, also contribute. However, this proposal has been a major sticking point, as many developing countries view it as an attempt to shift responsibility away from those who historically benefited from industrialisation. European Commissioner for Climate Action, Wopke Hoekstra, suggested a compromise on Monday, proposing voluntary contributions from these nations without changing the traditional classification of developed and developing countries.

The leaders of Nigeria and India have pledged stronger ties in maritime security and counterterrorism during Prime Minister Narendra Modi first visit to Nigeria

Banks are ramping up their operations in Kerala, known to be the hub for NRI deposits and remittances, while they strengthen their operations in the Gulf countries to deepen the customer connection. «NRI deposits, characterised by larger ticket sizes and consistent inflows provide a valuable source of long-term funding. NRIs often seek secure and profitable avenues to park funds domestically, making this segment a stable and resilient deposit base,» said Federal Bank executive director Shalini Warrier.

Cypriot authorities are in talks with major energy companies from Persian Gulf states over potential natural gas reserves off the Mediterranean country's southern coastline, President Nikos Christodoulides told an energy conference Friday

FIFA must halt the process to pick Saudi Arabia as hosts of the 2034 World Cup unless major human rights reforms are announced before the vote next month, Amnesty International and the Sport & Rights Alliance (SRA) have said. Soccer's world governing body awarded the 2030 World Cup to Morocco, Spain and Portugal in October last year while Saudi Arabia is the lone bidder for the 2034 edition. Amnesty and the SRA said they had evaluated the human rights strategies proposed by the bidding countries and concluded in a new report that neither bid adequately outlined how they would meet the human rights standards required by FIFA.

Matthew Dominick, Michael Barratt and Jeanette Epps Friday publicly discussed their spaceflight for the first time since returning from the International Space Station on Oct 25. They spent nearly eight months in orbit, longer than expected because of all the trouble with Boeing's Starliner crew capsule and rough weather, including Hurricane Milton.

Air India Express will focus on connecting smaller cities and towns with metros as well as fly to new overseas destinations, according to senior officials. The airline, which recently completed the merger of AIX Connect with itself, has a fleet of around 90 aircraft and the count is expected to cross 110 by the end of this fiscal.

Brent crude oil futures fell 47 cents, or 0.6%, to $75.16 per barrel by 0446 GMT. U.S. West Texas Intermediate (WTI) crude fell 55 cents or 0.8% to $71.81. The benchmarks fell after rising nearly 1% on Thursday.

Oil prices edged up on Thursday following a sell-off triggered by the U.S. presidential election, as risks to oil supply from a Trump presidency and a hurricane building in the Gulf Coast outweighed a stronger U.S. dollar and higher inventories. Brent crude oil futures rose 26 cents, or 0.35%, to $75.18 per barrel by 0125 GMT. U.S. West Texas Intermediate (WTI) crude gained 16 cents or 0.22% to $71.85.

Donald Trump and several of his allies have continued to engage with the most powerful and wealthy Gulf countries, forging multi-million dollar business deals and engaging in quiet, behind-the-scenes diplomacy.

The U.S. government has chosen winning bids to develop wind power off New England in the first commercial sale for floating offshore wind on the Atlantic coast

Subscribe to enjoy similar stories. Ali Khamenei, supreme leader of Iran, has had a bad week. Elon Musk’s X suspended his new Hebrew-language account, and the Israel Defense Forces unleashed a devastating series of air raids against his country’s military infrastructure.

Fishing regulators are delaying a plan for stricter fishing rules amid concerns about a decline in baby lobsters in the warming waters off New England

Enforcement Directorate (ED) has shown the rising reach and power of the Popular Front of India (PFI), the organisation at the centre of several ongoing probe being done by various agencies, ToI reported on October 21. The Enforcement Directorate (ED) arrested KA Rauf Sherif, general secretary of the Campus Front of India (CFI), in December 2020, marking the beginning of a multi-agency investigation into the Popular Front of India (PFI). A dossier prepared by ED after a four-year probe detailed that PFI has numerous members and offices in states including Kerala, Karnataka, Tamil Nadu, Telangana, Delhi, Rajasthan, Maharashtra, Bihar, West Bengal, Assam, Jammu and Kashmir, and Manipur. PFI, banned under the Unlawful Activities (Prevention) Act in 2022 after an attempted attack on Prime Minister Narendra Modi in July of that year, reportedly has 13,000 members in Singapore and five Gulf countries. According to the dossier, funds are collected in cash from «unknown donors» and sent to India through hawala channels. These funds are then deposited in 29 bank accounts of trusts and affiliated entities.

Rep. Byron Donalds, R-Fla., discusses the potential impact of Hurricane Milton after Tampa's mayor told residents to evacuate on 'Varney & Co.'

Hurricane Milton strengthened to a Category 5 storm on Monday just an hour before lunch time local time, as Florida ramps up efforts for potentially its biggest evacuation in seven years – just days after the significant impact of the hurricane Helene.

Subscribe to enjoy similar stories. New Delhi: “Buy on the sound of cannons, sell on the sound of trumpets." — Nathan Mayer Rothschild 17 January 1991. Time: 2.38 am.

fertiliser prices, shipping through the Straits of Hormuz in addition to the current disruptions in the Red Sea, the peace and tranquillity in the Gulf and West Asia, and even the US presidential elections. The conflict has seen a step-bystep escalation, starting with the Hamas attack of October 7 last year. Israel, in response, has continued with its air and ground operations in Gaza. More than 40,000 have died from this action, nearly two million displaced and property and infrastructure severely damaged. The population there is suffering from food shortages and break down of health care. Intense multi-country efforts for ceasefire, led by the US, Egypt and Qatar, have floundered, buffeted by Israeli desire for a permanent end or irreplaceable degradation of Hamas military and governance structures, and countervailing Hamas’ demands for the ceasefire to be ‘permanent’. Around 100 Israelis remain hostages since October 7with no clarity on how many may still be alive. Anger against Israel and criticism of its actions in many countries has only grown.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Hurricane Helene was advancing Thursday across the Gulf of Mexico toward Florida, threatening an «unsurvivable» storm surge in northwestern parts of the state as well as damaging winds, rains and flash floods hundreds of miles inland across much of the southeastern U.S., the National Weather Service in Tallahassee said. Helene is expected to be a major hurricane — meaning a Category 3 or higher — when it makes landfall on Florida's northwestern coast Thursday evening. As of early Thursday, hurricane warnings and flash flood warnings extended far beyond the coast up into south-central Georgia. The governors of Florida, Georgia, and the Carolinas have all declared emergencies in their states. The weather service forecast storm surges of up to 20 feet (6 meters) and warned they could be particularly «catastrophic and life-threatening» in Florida's Apalachee Bay. It added that high winds and heavy rains also posed risks.