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Global wheat supply to reach crisis levels

1 month, 28 days ago
LONDON: A scorching hot, dry summer has ended five years of plenty in many wheat producing countries and drawn down the reserves of major exporters to their lowest level since 2007/08 when low grain stocks contributed to food riots across…

Iran hit by global cyber attack that left US flag on screens

6 months, 11 days ago
DUBAI: Hackers have attacked networks in a number of countries including data centers in Iran where they left the image of a US flag on screens along with a warning: “Don’t mess with our elections”, the Iranian IT ministry said on Saturday.…

Heavy snow humbles the global elite at Davos summit

8 months, 27 days ago
DAVOS, Switzerland: The global economy and geopolitical tensions are taking a back seat to a more immediate problem at this year’s Davos summit of political and business leaders: heavy snow is burying the venue. High in the Swiss alps on…

Global temperature to rise next year but not to set new record

9 months, 29 days ago
LONDON: The global average temperature will rise again next year but is unlikely to set a new record due to the cooling effect from the La Nina weather phenomenon in the Pacific, Britain’s Met Office said on Thursday. The global average…

Global alarm as Trump mulls fateful Jerusalem move

10 months, 14 days ago
NEW YORK: World leaders on Tuesday warned US President Donald Trump he risked inflaming the Muslim world and jeopardising peace efforts if he recognised Jerusalem as Israel's capital and moved the US embassy there. "Mr Trump! Jerusalem…

Saudi Arabia raises $9 bn in first global Islamic bond issue

1 year, 6 months ago
RIYADH: Saudi Arabia raised $9 billion in its first global Islamic bond issue, the government announced on Thursday, a move analysts say could ease pressure on foreign reserves. The sale of Islamic bonds, known as sukuks, comes after the…

IMF warns global debt at record high

2 years, 14 days ago
WASHINGTON: Worldwide public and private debt is at an all-time high, posing a substantial impediment to getting global economic growth back to normal, the International Monetary Fund said Wednesday. The easy money policies of the world's…