Helical Faces 25% Vacancy Rate After WeWork’s Bankruptcy Filing
Around a quarter of Helical Plc’s portfolio will sit empty after the loss of a lease with bankrupt
1970-01-01 08:00
Thyssenkrupp Writes Down Steel Unit as Energy Crisis Weighs
Thyssenkrupp AG wrote down the value of its steel business by a further €1.8 billion ($1.96 billion), the
1970-01-01 08:00
Mubadala to Anchor Private Credit Fund for European Property
Mubadala Investment Co. said it will be an anchor investor in a new special situations fund set up
1970-01-01 08:00
Olive Oil Producers Turn to Tourists to Combat Soaring Costs, Extreme Weather
Maria Angela Macchia jams a 10-foot pole topped with an electric comb into the upper reaches of a
1970-01-01 08:00
Ukraine may fail to meet future grain demands amid non-stop Russian attacks, says UN
Ukraine may not be able to meet domestic and export demand for wheat in the years to come if Russia’s attacks on its export routes and facilities continue, the UN World Food Programme (WFP) has warned. “If attacks on food infrastructure and the blockage of sea export routes continue, it will dramatically impact the agricultural production outlook over years to come, and may, in a worst-case scenario, lead to wheat production being unable to meet domestic and export demand,” said the WFP’s Ukraine director Matthew Hollingworth on Tuesday. Since mid-July this year, there have been 31 documented attacks on Ukraine’s grain production and export facilities, according to an upcoming report by the UN Human Rights Office (OHCHR), said Mr Hollingworth. Of these, “28 of these attacks were in Odesa oblast alone”. The province has critical Black Sea and the Danube River terminals essential for global trade, the top official told the UN Security Council (UNSC). Countering the charges, Russia’s UN envoy Vassily Nebenzia told the UNSC that Moscow only targets military infrastructure and not civilian facilities – a claim that has been questioned by Kyiv, its allies and independent experts monitoring Russia’s full-scale invasion. Before the war, Ukraine comprised nine per cent of global wheat exports, 15 per cent of maize and 44 per cent of sunflower oil, said Mr Hollingworth. The UN has blamed Russia’s invasion for sparking a worsening global food crisis that has trickled on to a domino effect on Asian and African nations reeling after the Covid-19 pandemic. Russia was actively preparing to steal grain supplies and starve the Ukrainian population of food for months before Vladimir Putin ordered last year’s invasion, according to new evidence compiled by human rights experts. When Russian tanks did roll across the border on 24 February 2022, they deliberately targeted grain-rich areas and food production infrastructure first, found the recent report by international human rights law firm Global Rights Compliance. UN officials are trying to revive the Black Sea grain deal, which Russia quit in July, a year after it was brokered by the UN and Turkey. Moscow complained that its own food and fertiliser exports faced obstacles and said not enough Ukrainian grain was going to countries in need. However, UN chief Antonio Guterres warned earlier this month that it will be difficult to revive the Black Sea deal, under which nearly 33 million metric tons of Ukraine grain were exported. This comes as Russian forces hit port infrastructure in Ukraine’s southern city of Odesa on Tuesday evening, the regional governor said. “The invaders hit the port infrastructure of Odesa. People were not injured,” Odesa governor Oleh Kiper said on Telegram. Russia used Ð¥-31 missiles, the southern military command said on Telegram. It also reported strikes on the Belgorod-Dniester district in the region, with missiles hitting open surface and administrative buildings. Read More The US and the Philippines conduct joint air, sea patrols in South China Sea not far from Taiwan Britain's Conservative government set to start cutting taxes ahead of likely election next year The White House says it's concerned Iran may provide ballistic missiles to Russia for use in Ukraine Germany's defense minister unveils more help for Ukraine's fight against Russia's invasion Poland set to get more than 5 billion euros in EU money after commission approves recovery plan NATO head says violence in Kosovo unacceptable while calling for constructive dialogue with Serbia
1970-01-01 08:00
Altman Returns as OpenAI’s CEO With Summers on Board
OpenAI will bring back Sam Altman and overhaul its board to bring on new directors including Larry Summers,
1970-01-01 08:00
ECB Threatens 20 Banks With Fines for Mismanaging Climate Risk
The European Central Bank has written to about 20 lenders to warn them that it will impose fines
1970-01-01 08:00
New Binance CEO Teng’s First Job Is to Avert Customer Exodus
Mollify 150 million potentially jittery users, placate belligerent US regulators and keep high-profile founder Changpeng Zhao onside. These
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Airline SAS Gets US Court Approval for $1.2 Billion Rescue Plan
Airline SAS AB received approval from a bankruptcy court in New York for a $1.2 billion rescue package
1970-01-01 08:00
Enel Targets €6.6 Billion to €6.8 Billion Profit for Next Year
Enel SpA is targeting adjusted net income of between €6.6 billion ($7.2 billion) and €6.8 billion in 2024
1970-01-01 08:00
Modi Hosts G-20 Leaders in Video Meet, But Xi and Biden to Skip
Indian Prime Minister Narendra Modi will host a virtual meeting of leaders of the Group of 20 Wednesday,
1970-01-01 08:00
North Korea Claims Satellite Win After Two Failures This Year
North Korea claimed it successfully put a spy satellite into orbit after two attempts earlier this year ended
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