BUSINESS

Today, international businessman from Cyprus and oil and gas expert Igor Makarov delve into the changing dynamics of the oil and gas sector, offering insights into its future.

Dutch brewing giant Heineken said Wednesday that it sold less beer in the third quarter, noting that higher prices and the poor economic outlook was affecting consumer demand.

Spanish lender Banco Santander announced Wednesday another record quarterly profit thanks to high interest rates and a growing customer base.

The main UN aid agency in besieged Gaza warned it will have to stop operations by the end of Wednesday because it is running out of fuel, as Hamas said overnight Israeli strikes killed at least 80 people.

Five Myanmar nationals asked the Philippines on Wednesday to investigate alleged war crimes committed by 10 serving or former members of Myanmar's military against the mainly Christian Chin minority.

Tokyo's rebranded auto show returns this weekend just as China looks set to overtake Japan as the world's biggest car exporter after Toyota, Nissan and others got stuck in the electric vehicle slow lane.

Most markets rose Wednesday after China unveiled plans for $137 billion in extra debt to boost infrastructure spending, while oil extended losses on hopes Israel will scale back its plans for a Gaza ground invasion.

In Argentina, where women have made some recent gains but are still fighting for full equal rights, anti-establishment presidential candidate Javier Milei has divided the electorate with an unashamedly machismo stance.

Google parent Alphabet on Tuesday reported a quarterly profit of $19.7 billion, powered by money taken in from ads, YouTube, and cloud services.

Profit and sales beat expectations, but sales in the cloud business were below analysts' estimates.

California authorities on Tuesday suspended testing of Cruise self-driving cars being developed by General Motors, citing safety concerns following a series of accidents and other problems.

Dozens of US states on Tuesday accused Facebook and Instagram owner Meta of profiting "from children's pain," damaging their mental health and misleading people about the safety of its platforms.

The homebuilder ended the third quarter with a bigger profit despite high interest rates and more expensive homes.

The unannounced walkout came after GM CEO said in a letter to shareholders that the company has offered a record contract to UAW.

Chancellor Olaf Scholz pledged Tuesday to maintain Germany's aid to Ukraine in the face of the Russian invasion even as Berlin supports Israel in its conflict with Hamas.

Both Coca-Cola and Kimberly-Clark improved their forecast for results in 2023.

The company abandoned its profit guidance for this year and said it has "work to to" to meet EV targets.

China on Tuesday removed defence minister Li Shangfu and ousted former foreign minister Qin Gang from its cabinet, state media reported, as part of a major reshuffle of its top leadership.

General Motors reported better-than-expected quarterly profits Tuesday behind strong US sales and a limited impact from a labor strike that began late in the quarter.

One person has died and four are missing from the crew of a cargo ship that sank after colliding with another vessel in the North Sea, German authorities said on Tuesday.

Asian markets recovered ground on Tuesday with traders weighed down by unpredictability over the ongoing crisis in the Middle East and key earnings and economic data releases expected later in the week.

Eurozone business activity slumped at a faster pace in October, resulting in job losses, a closely watched Purchasing Managers' Index (PMI) survey put out by S&P Global showed Tuesday.

The sight of tent cities for Palestinians displaced within war-torn Gaza evokes dark historical memories for Israel's Arab neighbours, especially Egypt and Jordan.

Economic powerhouse Taiwanese companies based in China may be forced to relocate if they feel "unjustly pressured," the island's vice president warned Tuesday after Chinese authorities launched a probe into tech giant Foxconn.

Suspected paramilitary militia members torched 35 buses and a train drivers' cabin in Rio de Janeiro Monday, paralyzing parts of the scenic Brazilian city after one of their leaders was killed in a police operation, officials said.

The United States accused Iran on Monday of "actively facilitating" attacks on US bases in the Middle East as it confirmed it had sent a small number of military advisors to Israel.

The US auto workers union halted work at a giant Stellantis truck plant on Monday, expanding a five-week strike hitting Detroit automakers.

The CEO of Pershing Square believes the economy is slowing faster than suggested by data.

Israel is determined to crush Hamas but has said little about what would replace its rule in Gaza after the war, with observers expecting Washington will play a decisive role.