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A record two-decade low in the euro was recorded on Tuesday as renewed concerns over an energy shock pushed inflation higher and made Europe more likely to become recession-prone. The Chinese yuan slid down to a two-year low on Monday, while the pound briefly touched its lowest level since March 2020. Reuters reports that European business activity data weren’t as grim as feared, pushing the euro away from a 20-year low at $0.99005. In spite of this, by 0820 GMT, the currency was still down 0.15% to $0.9930 and remained below the key $1-level. “What we’re trying to figure out…
Earlier on Tuesday morning, the northern section of the grain silos at the Beirut port that were damaged two years ago when a blast occurred collapsed. This was after warnings were given that the structure was leaning too far for it to stand. LBCI television reported a cloud of brown-gray dust billowing over the waterfront following the crash. Currently, there are no reports of injuries. In a huge explosion at the port on Aug. 4, 2020, more than 220 people were killed and the northern section of the grain silos was gutted. This left wheat and corn spilling out in…
Following the landfall of Tropical Storm Ma-On, bringing heavy rains and torrential downpours, Philippine President Ferdinand Marcos Jr announced Tuesday that government offices and public schools would be closed for two days in the capital region and several other provinces. It is estimated that the wind speed of the storm was 110 kilometers per hour (68.35 miles per hour) when it hit land on Tuesday morning and barreled through the northern Philippine provinces, according to the state weather bureau. Trixie Angeles, the president’s press secretary, told Reuters that the order covers Metro Manila, an urban sprawl made up of 16…
It has been reported that more than half of Europe is threatened by drought, according to a report published on Monday by the European Commission’s science and knowledge service (JRC). According to the German Press Agency (dpa), as of 10th August, 47% of Europe’s territory had reached a level of drought warning, while 17% of surveyed regions were on full alert, refering to the report mentioned above. Researchers have found a link between dry conditions in Europe and a lack of rain. In addition, they have also found a number of heatwaves from May onwards that have adversely affected the…
The UAE has sent a plane carrying 50 tonnes of essential food items to Zimbabwe today in an effort to assist thousands of families and vulnerable groups such as women, children, and the elderly in this country. The plane contained essential food items that will provide food security to thousands of families and vulnerable groups. As UAE Ambassador to Zimbabwe, Dr. Jassim Muhammad Al Qasimi stated, “This is an important demonstration of the UAE’s humanitarian role in supporting African countries and alleviating humanitarian crises they face by sending food items to the Republic of Zimbabwe. Zimbabwe was one of the…
Updated official figures published on Monday showed that Britain recorded its biggest drop in output in more than 300 years as it faced the brunt of the COVID-19 pandemic in 2020, Reuters reported. According to the Office for National Statistics, the gross domestic product fell by 11 percent in 2020 as compared to the previous year. According to historical data hosted by the Bank of England, this drop was significantly larger than any of the ONS’s previous estimates. It represents the biggest fall since 1709. Based on the initial estimates of the ONS, it was already apparent that in 2020…
A new study has revealed that nearly half of all cancer deaths occur because of factors that can be avoided, such as living an unhealthy lifestyle, according to researchers. An international research team writes in The Lancet, a British medical journal, that smoking, alcohol consumption, and obesity top the list of 34 risk factors. A study of about 10 million cancer-related deaths in 2019 analyzed data from 23 different types of cancer. A total of 4.45 million deaths, or 44.4%, were caused by external factors. “This study illustrates that the burden of cancer remains an overwhelming public health challenge that…
As a result of the world’s newest and largest space telescope, the world will now be able to see Jupiter in all its glory, with auroras and all. Images of the solar system’s largest planet were released Monday by scientists. Jupiter’s northern and southern lights, as well as swirling polar haze, were captured in July by the James Webb Space Telescope. An AP report says Jupiter’s Great Red Spot, a storm big enough to swallow Earth, stands out among numerous smaller storms. A wide-field picture shows faint rings around the planet, as well as two tiny moons against a glittering…
A major step towards launching a booster campaign to combat the newest members of the omicron family was taken by Pfizer on Monday when they asked US regulators to approve their combination COVID-19 vaccine. The Food and Drug Administration has ordered vaccine makers to modify their shots in order to counter BA.4 and BA.5, which are more effective than ever at suppressing immunity from earlier vaccinations or infections. Boosters could be available within weeks if the FDA quickly approves the combo shots produced by Pfizer and its partner BioNTech. The U.S. has a contract to buy 105 million of the…
On a fraternal visit to the Arab Republic of Egypt, UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan arrived in Al Alamein City. At Al Alamein International Airport. Sheikh Mohamed bin Zayed was welcomed by Egyptian President Abdel Fattah el-Sisi. The Egyptian President and UAE President exchanged cordial talks in the VIP lounge at the airport, which reflected the strong fraternal ties between the two countries. They also discussed cooperation and the many opportunities to expand the horizons to a broader level. This would strengthen the strategic partnership between the two countries, especially in the economic and development…