middleeast
Police said on Friday they detained a man at the Iranian consulate in Paris after responding to a witness report of a suspicious man possibly carrying a grenade and explosives vest, but did they did not immediately confirm finding any weapons. A Paris police official told The Associated Press that officers were verifying the man’s identity and trying to determine whether he had weapons. The official was speaking on condition of anonymity because he was not allowed to be publicly named under police policy. Some of the police, special agents and firefighters that responded to the incident at the...
Euronews (English)
The seizure by Iranian forces of a Portuguese-flagged container ship as it left the Persian Gulf has prompted global shipping companies to demand the United Nations provide increased military protection, with shippers already having been forced to take lengthy detours to maintain European trade flows amid the intensifying conflict in the wider region. Iranian Revolutionary Guards in the Strait of Hormuz seized the MSC Aries on Saturday morning (13 April), increasing unease within a shipping industry that has found itself in the crossfire of tit-for-tat hostilities in the Middle East, and promp...
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Less than a week after Iranian aerial attacks on Israel, the latter retaliated by striking some military targets in Iran overnight. The attack was described as 'limited,' with no significant damage or casualties reported. However, this development surprised the markets, especially following extensive diplomatic efforts by the United States and its European allies to prevent further tensions in the Middle East. Following the news, oil prices and gold saw an increase, whereas European stock markets dipped this Friday. This turn of events has prompted investors to ponder if this recent flare-up b...
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In 1973, in the aftermath of the Yom Kippur War — seen by many Israelis as a disastrous failure by Israel’s security establishment —the Geneva Conference convened to address the fallout from the conflict. It was during this conference that Abba Eban, Israel's esteemed diplomat, famously quipped that "the Palestinians never miss an opportunity to miss an opportunity." The phrase encapsulated the reluctance of Palestinian leadership to engage constructively in peace negotiations, once again missing out on a prime opportunity and choosing to continue on their path of terrorism. Now, fifty years l...
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The United Arab Emirates (UAE) struggled to recover from intense storms on Thursday, which saw the heaviest-ever rainfall lash the desert nation. The UAE's main airport worked to restore normal operations even as floodwater still covered portions of major highways and roads. Dubai International Airport, the world's busiest for international travel, allowed global carriers on Thursday morning to again fly into Terminal 1 at the airfield. “Flights continue to be delayed and disrupted, so we urge you to only come to Terminal 1 if you have a confirmed booking,” the airport said on the social platf...
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EasyJet has announced a significant reduction in losses for the six months ending in March, with a pre-tax loss expected to range between £340 and £360 million (€397 and €420 million). This is against the forecasted loss of £390 million (€455 million), marking an increase of more than £50 million (€58 million) compared to last year, as reported in today's financial update. The low-cost British airline attributed the results to increasing capacity where demand was highest and making operations more efficient. It says it kept costs stable despite higher fuel prices, 6% inflation per seat, and fa...
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"We had an in-depth discussion on Lebanon," the European Council President told reporters following a summit of EU leaders in Brussels late on Wednesday. "They have a lot of Syrian refugees in Lebanon and we all understand it's our responsibility to engage with this country (...) including the Lebanese armed forces," Michel explained, adding that future cooperation with Lebanon could include steps to manage migration flows into Europe. In the summit's conclusions, the 27 leaders say they stand ready to "work with all partners to avoid further escalation of tensions in the region, notably in Le...
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The United Arab Emirates has been inundated with heavy rain, with major highways flooded and flights disrupted at Dubai International airport. Local media described the precipitation as a “historic weather event”, saying the amount of rain recorded surpassed anything documented since data collection started in 1949. Rain is unusual in the UAE but does occur periodically during the cooler winter months. Many roads and other areas lack drainage given the lack of regular rainfall. In the latest storm, Dubai reported 142mm of rain in a single day – the same amount the city typically expects in 18 ...
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After a sluggish growth rate of only 0.4% in 2023, largely due to the impacts of the Ukraine conflict, the euro area is poised for a gradual recovery. The latest International Monetary Fund (IMF) forecasts a rebound to 0.8% in 2024 and 1.5% by 2025. This uplift is likely to be driven by a resurgence in household consumption, buoyed by a subsidence in energy price shocks and a reduction in inflation, which collectively bolster real income growth among eurozone members. France trade deficit increases adding to the country's economic woesGermany's economy remains the most distressed in EuropeSpai...
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At the time of writing (13:17 CET), Germany's Dax was down 1.39% at 17,778.64 points, France's CAC 40 declined 1.29% to 7,944.92, while the UK's FTSE 100 was also in the red, falling 1.42% to 7,851.74 points. The data reflected a hesitant day of trading across the continent as market participants followed Middle East updates on any potential escalation between Israel and Iran. It comes after Iran unleashed a barrage of 300 aerial drones and missiles toward Israel in a retaliatory move. While Israeli defences, bolstered by support from the US, UK, and European allies, reportedly neutralised 99%...
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