Global FDI rises to $1.5 trillion in 2024 despite risks
Global foreign direct investment (FDI) rose by 4 percent in 2024 to reach US$1.5 trillion, according to the World Investment Report 2025 released by the United...
Month : June 2025
South China battered by worst flood in 100 years
Torrential rains unleashed by Typhoon Wutip have caused devastating floods in Huaiji County, Guangdong Province in China, submerging homes, washing away roads, and leaving tens of...
EU plans €241bn nuclear boost to hit 2050 climate goals
The European Commission has estimated that the European Union will need to invest €241 billion in nuclear energy infrastructure by 2050 to meet its climate neutrality and decarbonisation targets....
Indonesia volcano erupts blasting 10 km ash into the sky
Mount Lewotobi Laki-Laki erupted on Tuesday in a dramatic display of volcanic power, sending a towering column of ash 10 kilometers into the atmosphere and...
Japan’s May trade deficit hits $4.4 billion on weak exports
Japan recorded a trade deficit of 637.6 billion yen ($4.4 billion) in May, marking the second consecutive month of red ink as exports declined amid falling...
UAE economy grows 4 percent to AED1.776 trillion in 2024
The United Arab Emirates’ real gross domestic product (GDP) reached AED1,776 billion in 2024, reflecting a year-on-year growth rate of 4 percent, according to figures...
Australia reviews approval to grow genetically modified purple tomato
Australian regulators are reviewing a proposal to approve the cultivation and sale of a genetically modified purple tomato, potentially expanding the nation’s limited list of approved...
US tourism faces global backlash and $12.5B in losses
The United States tourism sector is facing an acute international backlash in 2025, as a combination of foreign government travel warnings, mass civil protests, and a deteriorating...
Airlines cancel 650 Europe flights amid Middle East unrest
Global air travel faced major disruption on June 13 as escalating conflict between Israel and Iran led to the cancellation or diversion of hundreds of...
Emirates signs interline deal with Bahamasair for connectivity
Emirates has entered into an interline partnership with Bahamasair, the national flag carrier of The Bahamas, under a newly signed Memorandum of Understanding (MoU). The agreement...