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Friday, May 20, 2022

French premier Jean Castex resigns

Paris (The Times Groupe)- The French media reported on Monday that Prime Minister Jean Castex had resigned.

G7 to provide $19.8bn in economic aid to Ukraine

World (The Times Groupe)- The Group of Seven (G7), the world largest economies agreed Friday to provide $19.8bn to Ukraine to ensure its finances do not hinder Ukraine's defense against Russia.

Global debt hits new record of $305T in Q1

World (The Times Groupe)- The Institute of International Finance (IIF) reported that global debt hit a new high of $305 trillion in the first quarter of 2022, equal to 348% of gross domestic product (GDP).

UAE President Khalifa bin Zayed dies at 73

WorldUAE President Khalifa bin Zayed dies at 73

Abu Dhabi (The Times Groupe)- The Ministry of Presidential Affairs of the United Arab Emirate announced on Friday that Sheikh Khalifa bin Zayed Al Nahyan had passed away.

The ministry issued a statement mourning “the people of the UAE, the Arab and Islamic nation, and the entire world of His Highness Sheikh Khalifa bin Zayed Al Nahyan,” according to the official news agency (WAM).

Sheikh Khalifa was born in 1948 and succeeded his father Sheikh Zayed Al Nahyan who ascended to the throne in 1971.

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