Three bodies retrieved from Papua New Guinea landslide, UN says

Three bodies retrieved from Papua New Guinea landslide, UN says

Three bodies were found in the aftermath of a massive landslide in Papua New Guinea, with the death toll expected to rise. Over 300 people were buried in the landslide, impacting multiple villages. Search and rescue efforts are ongoing in the mountainous area, with many still missing. The terrain remains unstable, posing a risk for more homes if the landslide continues.

More than 300 buried in,  Papua New Guinea landslide, local media says

More than 300 buried in,  Papua New Guinea landslide, local media says

More than 300 people and over 1,100 houses were buried by a massive landslide that hit Kaokalam village in Enga Province, Papua New Guinea.

Crude oil pares losses, WTI rebounds into congestion

Crude oil pares losses, WTI rebounds into congestion

West Texas Intermediate (WTI) rebounded on Friday, recovering from a fresh 12-week low set early in the day at .03. The benchmark US crude remains down on the week, in the red by -2.38% from Monday’s opening bids.

Complaints to financial ombudsman on the up

Complaints to financial ombudsman on the up

Complaints to the financial ombudsman’s office rose by 20 per cent in 2023 to a total of 1,121.

Hundreds feared dead after landslide in Papua New Guinea [VIDEO]

Hundreds feared dead after landslide in Papua New Guinea [VIDEO]

A massive landslide in northern Papua New Guinea buried more than 50 homes in Kaokalam village, resulting in nearly 300 deaths, including the brother and cousin of a villager named Ninga Role. The Australian Broadcasting Corp and local media reported over 100 casualties. Prime Minister James Marape stated that disaster officials and the PNG Defence Force were being sent to assist with relief efforts and reconstruction. The landslide hit a section of highway near the Porgera gold mine, operated by Barrick Gold, but the impact on the mine’s operations was still being assessed.

Building collapses in Spain, ’s Balearic Islands, killing at least 4 people

Building collapses in Spain, ’s Balearic Islands, killing at least 4 people

A two-storey restaurant building collapsed on the beach in Palma de Mallorca, Spain, killing at least four people and injuring 16.

Education minister reaffirms commitment to improving schools

Education minister reaffirms commitment to improving schools

Education Minister Athena Michaelidou reiterated the government’s commitment to enhancing both the structural and pedagogical functions of schools to meet contemporary educational requirements and support the development of knowledge, skills, principles, attitudes, and values. The refurbishment works completed at Palouriotissa Primary School A significantly boost its functionality and effectiveness, with funds obtained from the Recovery and Resilience Plan funding. The goal is to ensure uninterrupted access to learning in functional and suitable spaces, creating a modern, human-centered, inclusive school environment. Key achievements during the first year of the Christodoulides administration include updating curricula, expanding the all-day school program, transitioning from special to unified education, and introducing measures for the prevention and intervention in issues of violence and delinquency.

Foreign demand drives office rates

Foreign demand drives office rates

Office rental rates in Cyprus have reached the highest levels in five years, with prices increasing by about 8.5% year-on-year in the first quarter of 2024. Limassol and Larnaca are leading the way in office rental price increases, with Nicosia showing a steady recovery. Prices for office sales have remained at 2023 levels, with increases recorded in Larnaca and Famagusta district. The demand for modern, Grade A offices is expected to continue throughout 2024, driven by both the private and public sectors.

Dollar loses recovery momentum, eyes on PMIs

Dollar loses recovery momentum, eyes on PMIs

The Dollar Index (DXY) entered a consolidation phase after reaching a weekly high near 105.00.

Case remains for BoE to start cutting rates

Case remains for BoE to start cutting rates

The CEO of a financial advisory firm believes that the Bank of England should start cutting interest rates this summer despite UK inflation data showing mixed signals.