October 2022

Net profit of Kia in Q3 plunged due to recall costs

omandailynews.comOctober 25, 2022

October 25, 2022

A recall of engine-related services forced Kia Corp, South Korea’s second-largest automaker, to cut its third-quarter net profit by 60 percent from a year ago. South Korea News Agency (Yonhap) reported that the company’s net profit for the three months ended September fell to 458.89 billion won (US$319 million) from......

News

Climate change could trigger an insect apocalypse

omandailynews.comOctober 25, 2022

October 25, 2022

Scientists have warned that a global insect apocalypse could have radical effects on the environment and humankind. According to the German press agency (DPA), an international study on the future of insects under climate change scenarios will drastically reduce humankind’s capacity to build a sustainable future. Co-author William Laurance, of......

Travel

No injuries reported after Korean Air flight overruns Cebu runway

omandailynews.comOctober 24, 2022

October 24, 2022

There were no injuries reported on Korean Air Co.’s flight KE631 that overran the runway during landing at Cebu International Airport in the Philippines on Monday. Yonhap reported that Korean Air expressed sincere regret as safety is always its top priority. “This incident will be thoroughly investigated together with the......

News

Migrants rescued in Tunisia after thwarting irregular migration operations

omandailynews.comOctober 24, 2022

October 24, 2022

The Tunisian National Guard has told the media that it has thwarted several attempts to migrate irregularly across the country and has rescued hundreds of migrants. A spokesperson for the Directorate General of the Tunisian National Guard said in a statement that units of the maritime branches of the Naval......

News

Prime Minister Modi meets with UN Secretary-General Guterres

omandailynews.comOctober 22, 2022

October 22, 2022

A bilateral meeting was held between Indian Prime Minister Narendra Modi and United Nations Secretary-General, Antonio Guterres, in Kevadiya, Gujarat. At the Statue of Unity, they also laid floral tributes. At the same event, Guterres launched the Mission LiFE booklet, logo, and tagline alongside Prime Minister Modi. Guterres, who is......

Business

Debt levels to be highest in 60 years under new UK leader

omandailynews.comOctober 22, 2022

October 22, 2022

The British government’s debt has risen to the highest level in almost 60 years last month, and retail sales have slumped, which highlights the scale of the economic challenges that anyone who replaces Prime Minister Liz Truss faces after her administration collapsed under the weight of a failed financial plan,......

News

Italy swings to the right under Giorgia Meloni as PM

omandailynews.comOctober 22, 2022

October 22, 2022

The country’s most right-wing government since World War Two has been set in motion with the appointment of Giorgia Meloni as its first female prime minister. Meloni, leader of the nationalist Brothers of Italy, won an election last month in alliance with Silvio Berlusconi’s Forza Italia and Matteo Salvini’s League.......

Business

Annual inflation up to 9.9 percent in the euro area, up to 10.9 percent in the EU

omandailynews.comOctober 22, 2022

October 22, 2022

Annual inflation in the euro area rose from 9.1% in August to 9.9% in September 2022. The rate was 3.4% a year earlier. In September 2022, inflation in the European Union was 10.9%, up from 10.1% in August. According to Eurostat, the European Union’s statistical office, the rate was 3.6%......

Business

Big earnings week lifts US stocks, but Tesla sinks

omandailynews.comOctober 21, 2022

October 21, 2022

US stocks rose in morning trading Thursday as markets searched for direction amid mixed earnings news. S&P 500 rose 0.8% as of 10:13 AM EST. Dow Jones Industrial Average gained 339 points, or 0.1%, to 30,757, and Nasdaq climbed 1%. Increasing Treasury yields have pushed mortgage and other loan rates......

News

Two-way race for next British PM between Boris Johnson and Rishi Sunak

omandailynews.comOctober 21, 2022

October 21, 2022

Boris Johnson and Rishi Sunak were the frontrunners in a fast-tracked race to succeed Liz Truss as British Prime Minister on Friday. The party’s hopes of turning its fortunes around are being boosted by Truss’ resignation, which ended her six weeks in power on Thursday. She will be replaced by......

Malaysia halal exports rise 10.9% to RM68.52 billion

RideFlux wins South Korea’s first paid freight permit

UAE president and EU Council chief discuss regional security

South Korea auto exports rise on March hybrid demand

Sheikh Khaled begins Beijing visit to deepen UAE-China ties

UAE and Italy leaders discuss security and cooperation

China auto output and sales jump in March

Bank of Korea keeps rate at 2.5% for seventh hold

Abdullah bin Zayed, Kaja Kallas review UAE-EU ties

China inflation hits 1% in March as PPI turns positive

Month : October 2022

Net profit of Kia in Q3 plunged due to recall costs

Climate change could trigger an insect apocalypse

No injuries reported after Korean Air flight overruns Cebu runway

Migrants rescued in Tunisia after thwarting irregular migration operations

Prime Minister Modi meets with UN Secretary-General Guterres

Debt levels to be highest in 60 years under new UK leader

Italy swings to the right under Giorgia Meloni as PM

Annual inflation up to 9.9 percent in the euro area, up to 10.9 percent in the EU

Big earnings week lifts US stocks, but Tesla sinks

Two-way race for next British PM between Boris Johnson and Rishi Sunak

Malaysia halal exports rise 10.9% to RM68.52 billion

RideFlux wins South Korea’s first paid freight permit

UAE president and EU Council chief discuss regional security

South Korea auto exports rise on March hybrid demand

Sheikh Khaled begins Beijing visit to deepen UAE-China ties

UAE and Italy leaders discuss security and cooperation