Danish shipping group Maersk beat first-quarter profit forecasts on Thursday and maintained its full-year earnings guidance, even as it warned that the Iran war had clouded the outlook for freight rates and costs. Shares in Maersk were down 3.3% at 7:38 a.m. GMT following the results, underperforming a broadly flat Copenhagen benchmark index amid worries…
Gold and silver prices moved higher on Thursday, gaining up to 1 per cent in early trade as investors turned to safe-haven assets amid global tensions. The rally was supported by rising crude oil prices, a weaker US dollar and continued uncertainty over the US-Iran peace talks, as per IANS. On the Multi Commodity Exchange…
Only direct UAE port options Surging cargo volumes 900 workers hired At the UAE port of Fujairah, conveyor belts offloaded grain from bulk carriers on Wednesday, while crude oil flowed through pipes and onto tankers berthed along its quay. Dozens of loaded trucks lined up near the port and others parked outside waiting their turn,…
Image by Reesmada. The European Union is the “chief of all cowards,” Amnesty International declared in a searing statement issued on April 21. The condemnation was a direct response to the European bloc’s systemic failure to sever ties with Israel during the Foreign Affairs Council meeting in Luxembourg. Despite months of legal warnings, the EU…
With war raging in the Middle East, we want to bring you as many trusted voices on the news as we can. One such voice is the Israeli journalist Amit Segal. He writes a daily newsletter, It’s Noon in Israel, which we’re pleased to publish in The Free Press. It’s Wednesday, May 6, and reportedly,…
Türkiye’s Foreign Minister Hakan Fidan welcomed Jean Arnault, the special envoy of United Nations Secretary-General Antonio Guterres, in the Turkish capital Ankara on Wednesday. The meeting underscores Ankara’s active diplomatic role in addressing international peace and security issues. High-level talks at Turkish capital According to information obtained from diplomatic sources, Fidan received Arnault for discussions…
( May 6, 2026 / JNS ) After it was reported that the New York City Economic Development Corporation website removed a page promoting the city’s business ties to Israel, an EDC spokesperson told JNS that it was taken down as part of regular updating. “There seems to be some misinformation out there,” Jeff Holmes,…
South Africa faces an economic slowdown with higher average inflation and mild interest rate hikes as conflict in the Middle East sustains elevated oil prices and disrupts shipping in the region. This is the according to independent economist John Loos, who highlighted his outlook for the rest of this year in his latest Household Sector…
The Israeli public’s appetite for risk, which in recent years has driven investors into the stock market, is no longer stopping at private trading accounts or mutual funds. It is now reaching the heart of long-term savings: pensions. More and more savers are choosing to increase their exposure to stocks, even at the cost of…
The Opec Fund for International Development has launched a US$1.5bn financing initiative to support countries facing energy, commodity and trade disruptions due to the conflict in the Middle East. Unveiled in Vienna last week, the Economic Stability, Trade and Resilience Initiative (E-Star) will be deployed from 2026 to 2028 across the fund’s partner countries, the development finance institution said….
