Dubai Telegraph

Russian pensioners turn to soup kitchen as war economy stutters

Dishes clatter, steam bursts from large cooking pots and music is seeping through the bustling chatter of Russian pensioners, hunched over bowls of free meals in a Saint Petersburg soup kitchen.

Toyota names new CEO, hikes profit forecasts

Toyota has named a new CEO to "accelerate" decision-making, the Japanese auto giant said Friday as it hiked its profit and sales forecasts for the current fiscal year despite the impact of US tariffs.

Bangladesh Islamist leader seeks power in post-uprising vote

The leader of Bangladesh's largest Islamist party and prime ministerial hopeful Shafiqur Rahman has contested three elections and lost.

Japan to restart world's biggest nuclear plant

Japan will switch the world's largest nuclear power plant back on next week, after a glitch with an alarm forced the suspension of its first restart since the 2011 Fukushima disaster.

Undercover probe finds Australian pubs short-pouring beer

Australian undercover inspectors have found pubs fail to pour enough beer and other alcohol into customers' glasses for nearly a third of the drinks they serve.

New Zealand deputy PM defends claims colonisation good for Maori

New Zealand's deputy prime minister brushed off criticism on Friday of his claims that colonisation had been positive for the country's Indigenous population and labelled hecklers "muppets".

Carney scraps Canada EV sales mandate

Prime Minister Mark Carney on Thursday cancelled a mandate for all vehicles sold in Canada to be electric by 2035, while announcing a multi-billion-dollar plan to support EV production.

Record January window for transfers despite drop in spending

Football clubs worldwide set a new winter transfer window record in terms of the number of transactions completed, according to a statement released by FIFA on Thursday, but the overall amount spent was down compared to last year's high.

Mining giant Rio Tinto abandons Glencore merger bid

British-Australian miner Rio Tinto said Thursday that it was dropping talks to merge with smaller Swiss resources giant Glencore, a deal that would have created the world's largest mining firm.

Davos forum opens probe into CEO Brende's Epstein links

The World Economic Forum, which organises the Davos summit, said Thursday that it would conduct an independent review into its chief executive's interactions with convicted sex offender Jeffrey Epstein.

ECB warns of stronger euro impact, holds rates

The European Central Bank warned Thursday a stronger euro could push inflation down too far after recent gains in the single currency, but sought to downplay any immediate threat to the eurozone economy.

ECB holds interest rates as strong euro causes jitters

The European Central Bank held interest rates steady for its fifth straight meeting Thursday, saying the eurozone economy remained "resilient" despite mounting worries about the impact of a stronger euro.

What does Iran want from talks with the US?

Iran and the United States are holding talks on Friday in Oman, with Tehran pushing to focus squarely on its nuclear programme, while Washington's demands go beyond that.

Wind turbine maker Vestas sees record revenue in 2025

Denmark's Vestas, Europe’s leading wind turbine manufacturer, on Thursday posted an all-time high revenue, but noted that regulatory changes in the United states had made wind power investments less attractive.

Bitcoin under $70,000 for first time since Trump's election

Bitcoin, the world's biggest cryptocurrency, extended its price slump Thursday to trade under $70,000 for the first time since Donald Trump's presidential election victory in November 2024.

Germany claws back 59 mn euros from Amazon over price controls

Germany's competition watchdog ordered Amazon on Thursday to stop implementing price controls for retailers on its marketplace and told the US tech giant to return 59 million euros ($70 million) in what it deemed unfair gains.

Germany claws back 70 mn euros from Amazon over price controls

Germany's competition watchdog ordered Amazon on Thursday to stop implementing price controls for retailers on its marketplace and told the US tech giant to return 59 million euros ($70 million) in what it deemed unfair gains.

Stock markets drop amid tech concerns before rate calls

Major European and Asian stock markets mostly fell Thursday after more losses on Wall Street's Nasdaq, where technology firms are under pressure over concerns about vast AI investments.

BBVA posts record profit after failed Sabadell takeover

Spanish banking giant BBVA on Thursday reported a record annual profit, shrugging off the rollercoaster ride of its failed hostile takeover bid for its biggest national rival Sabadell.

UN human rights agency in 'survival mode': chief

The UN human rights chief said Thursday his agency was "in survival mode" due to funding shortfalls, as he launched a $400 million appeal to tackle global rights crises in 2026.

Greenpeace slams fossel fuel sponsors for Winter Olympics

Greenpeace activists staged a protest in Milan on Thursday against the sponsorship of the Milan-Cortina Olympics by energy giant Eni, warning that fossil fuel emissions were threatening the viability of winter sports.

Russia says thwarted smuggling of giant meteorite to UK

Russian investigators have prevented a giant meteorite fragment being smuggled to Britain disguised as a garden ornament, the Federal Customs Service reported Thursday.

Heathrow still Europe's busiest airport, but Istanbul gaining fast

London Heathrow remained the busiest aviation hub in Europe last year but Istanbul Airport was nearly neck-and-neck and is likely to overtake it soon, an industry group said Thursday.

Shell profits climb despite falling oil prices

British energy giant Shell said Thursday that its net profit rose 11 percent last year as higher volumes and lower costs helped to offset falling oil and gas prices.

German factory orders rise at fastest rate in 2 years in December

German factory orders unexpectedly posted their biggest rise in two years in December, official data showed Thursday, fuelling hopes that a turnaround is taking hold in Europe's struggling top economy.

Trump fuels EU push to cut cord with US tech

Until President Donald Trump's return a year ago, when the EU talked about cutting economic dependency on foreign powers -- it was understood to mean China. But now Brussels has US tech in its sights.

Top US news anchor pleads with kidnappers for mom's life

US news anchor Savannah Guthrie tearfully pleaded with kidnappers to share proof that her 84-year-old mother was still alive in a video posted to her social media Wednesday night.

The coming end of ISS, symbol of an era of global cooperation

When the International Space Station comes back to Earth in 2030, it will mark the end of three decades of peaceful international cooperation -- and an era when space became central to our daily lives.

New crew set to launch for ISS after medical evacuation

Four astronauts could blast off to the International Space Station (ISS) next week, after setbacks including a mysterious medical evacuation of the previous crew, last-minute rocket problems, and some scheduling conflicts with NASA's Moon mission.

Stocks in retreat as traders reconsider tech investment

Asian stocks fell Thursday to track more losses on Wall Street, where tech firms were again under pressure as fears over vast AI investments and extended valuations gained momentum.

Rising euro, falling inflation in focus at ECB meeting

A rising euro and falling inflation will present fresh challenges for the European Central Bank at its meeting Thursday, potentially reviving debate about if and when policymakers should start cutting interest rates.

Google's annual revenue tops $400 bn for first time, AI investments rise

Google parent Alphabet on Wednesday reported blockbuster earnings, its revenue climbing as it invests massively in cloud computing services enhanced with artificial intelligence.

Dubai Telegraph - Economy (English)

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