Home next World next Europe

Europe

Rashid Khan-Gandapur, Director, Real Estate Finance, Bank of London and The Middle East gives us insights into why GCC investors eye long-term gains through UK real estate regeneration

GCC investors eye long-term gains through UK real estate regeneration

With strategic focus on the UK real estate market, GCC investors are increasingly turning to asset enhancement and sustainable investments to capture strong returns and long-term growth

OZEMPIC

Fake Ozempic: How batch numbers help criminal groups spread counterfeit drugs

Fake Ozempic with a batch number destined for Egypt were found in at least 10 countries

European airports reinstate 100ml liquid limit in cabin luggage

European airports reinstate 100ml liquid limit in cabin luggage

Passengers travelling through European airports are advised to prepare for the renewed restrictions and plan accordingly for any liquids, gels, or aerosols in their hand luggage

Telegram-Pavel-Durov opens up on IVF

Dubai-based Telegram founder Pavel Durov detained in Paris

Pavel Durov was apprehended while travelling aboard his private jet

A rescue boat of the Vigili del Fuoco, the Italian Corps. of Firefighters operates off Porticello near Palermo, on August 20, 2024 a day after the British-flagged luxury yacht Bayesian sank. Specialist divers launched a fresh search for six people, including UK tech tycoon Mike Lynch and the chairman of Morgan Stanley International, missing since their yacht capsized off the Italian island of Sicily. The Bayesian, which had 22 people aboard including 10 crew, was anchored some 700 metres from port before dawn when it was struck by a waterspout, a sort of mini tornado. Fifteen people aboard, including a mother with a one-year-old baby, were plucked to safety; one man has been found dead; and six people remain missing. (Photo by Alberto PIZZOLI / AFP) (Photo by ALBERTO PIZZOLI/AFP via Getty Images)

Five bodies recovered from Mike Lynch’s sunken superyacht in Sicily

The Bayesian, a 56-metre yacht flying the British flag, was carrying 10 crew members and 12 passengers when it sank off the coast of Sicily

Sicily yacht sinking

Morgan Stanley boss Jonathan Bloomer, tech tycoon Mike Lynch missing in Sicily yacht sinking

Italian authorities rescued 15 of those on board the British yacht, but a day later six passengers remain missing, and one body has been recovered

BII to invest $35m in DRC port

UK’s BII invests $35m in Congo port project, boosts DP World tie-up

With a draft of 17.5 metres, the port will be capable of receiving large container vessels, ultimately reducing trade costs in the DRC by 12 per cent

Schengen visa process to go digital from 2028

UAE residents flock to Europe: Schengen visa applications surge by 20%

The increase in visa applications coincides with the peak travel season, influenced by favourable European weather and major events such as the 2024 Paris Olympics

Instagram

Instagram blocked: Turkey’s response to Meta’s ‘censorship’?

There are more than 50 million Instagram users in the country

UAE EU trade talks Middle east

Europe welcomes Middle East money but some deals face headwinds

Investors from the Middle East bring cash and expertise to such projects

Paris rail network Image: Getty Images

Paris rail network hit by attacks before Olympics opening ceremony

Trains from Paris to neighbouring Belgium and to London via the English Channel were disrupted

tech outages

6 of the biggest tech outages in recent years

Even as the world reels from the Microsoft outage, here’s a look at some outages that have taken down major systems, in recent years

NATO

NATO to open first Middle East liaison office in Amman

The announcement coincides with NATO’s 75th anniversary celebrations in Washington

UK elections 2024 - Labour Party

UK elections 2024: Labour sweeps to power as Keir Starmer vows to bring change

Despite a convincing victory, polls have suggested there is little enthusiasm for Starmer or his Labour party

Travelling to Europe this summer? Use Uber's new boat services

Visiting Europe this summer? Try Uber’s new boat services

Tourists will be able to use the Uber app to access new nautical experiences in Ibiza, Venice, Athens, Paris, Corfu and Santorini

UK

UK election winners will inherit 7 urgent tasks

Whichever party forms the next government after the UK elections will have to contend with challenges such as rising poverty, a stagnating economy, crumbling health infrastructure and growing number of immigrants, among others

Rivian

Volkswagen’s $5bn investment in Rivian signals future EV collaboration trends

Rivian will form an equally controlled joint venture with Volkswagen to share EV architecture and software

UN CLIMATE CONFERENCE - BONN, GERMANY

Bonn Climate Conference 2024: Countries’ plans not yet aligned with tripling renewables capacity goal

The Bonn Climate Conference is discussing climate finance, renewable energy commitments as well as nationally determined contributions

yacht - 5-Royal-Huisman-Project-406-SPECIAL-ONE-by-Guy-Fleury-1cp_resize

All about Special One: World’s longest sportfishing yacht and its Saudi connection

The superyacht has been described as a sportfisher on steroids with a long flaring bow of a typical American sportfish boat

Middle East and tackling food prices

World food prices up in April for second month, says UN agency

The FAO’s cereal index inched up to end a three-month decline, supported by stronger export prices for maize

coal

G7 reaches deal to exit from coal by 2035

The agreement on coal marks a significant step in the direction indicated last year by the COP28 United Nations climate summit to phase out fossil fuels

Google - browsers

EU’s new tech laws are working as small browsers gain market share

Browser companies criticised how Apple and Google rolled out the new features which they described as slow and clunky

Google - Big Tech

Why is the EU probing Big Tech under the Digital Markets Act?

The law requires platforms to gain explicit consent from users when they intend to combine a person’s data across different sources, such as Meta’s Facebook and Instagram

TURKEY

Turkey’s central bank stuns with interest rate at 50%

The bank has now raised its key one-week repo rate by 4,150 basis points from 8.5 per cent since last June

How Spain’s Decocer is taking quality ceramic fashion global

Decocer’s International Sales Manager, Verónica Obrero, explains her company’s approach as well as the value it can bring to clients and customers in the Middle East

Sanjay Shah

Denmark begins court trial against Sanjay Shah in fraud case

Anthony Mark Patterson, who is seen as Shah’s closest accomplice, was in February sentenced to eight years in prison in Denmark’s first criminal cum-ex trial

UAE - GREECE

UAE-Greece talks: Masdar, Mubadala expand partnership

Trade volumes between the UAE and Greece surged by 6.2 per cent during the first nine months of 2023, underscoring the resilient bilateral economic relations

Poland

Top 5 must-visit destinations in Poland: Uncover the hidden gems of Eastern Europe

Whether you’re an adrenaline junkie or seeking a cozy winter retreat, Poland is a destination that promises unforgettable memories

A recap of MWC 2024: The weird and the wonderful gadgets on display

From flying cars to gadgets that look like jewellery, the MWC 2024 saw tech companies showcase a range of futuristic concepts

Italy Trade Commissioner

Italian Trade Commissioner on why the UAE loves ‘Made in Italy’

Highlighting the positive trends in the market, Soldani underscores the opportunities for trade and cooperation between the two countries