العربية

News of October 12, 2026

Business

Hall, Woodford win Nobel prize for work on how to stabilise economies

By Simon Johnson and Johan AhlanderSTOCKHOLM, Oct 12 (Reuters) - US academics Robert Hall and Michael Woodford won the 2026 Nobel economics prize on Monday for decades of work developing ground-up models currently used by central banks and finance ministries across the world to stabilise economies."With them, we are better equipped to deal with shocks in the economy, such as energy crises or sudden changes in how much households consume," John Hassler, Chair of the Committee for the Prize in Economic Sciences, said in a statement.

Al-Monitor

Business

Hall, Woodford win Nobel prize for work on how to stabilise economies

By Simon Johnson and Johan AhlanderSTOCKHOLM, Oct 12 (Reuters) - US academics Robert Hall and Michael Woodford won the 2026 Nobel economics prize on Monday for decades of work developing ground-up models currently used by central banks and finance ministries across the world to stabilise economies."With them, we are better equipped to deal with shocks in the economy, such as energy crises or sudden changes in how much households consume," John Hassler, Chair of the Committee for the Prize in Economic Sciences, said in a statement.

Al-Monitor

News

Gaza: ‘She survived the bombing, but not the blockade’

Gaza: ‘She survived the bombing, but not the blockade’ After two years of bombardment and forced displacement during Israel ’s genocide in Gaza, Suhaila al-Mabhouh had one wish: to go home. The 60-year-old Palestinian longed so desperately to return to her family home in northern Gaza that she turned down an evacuation offer to Italy, submitted by her daughter, who lives there. When the so-called ceasefire took effect on 10 October 2025, she and her husband rushed back to their home in Jabali…

Middle East Eye

Business

Aramco CEO: No nation can protect the world's energy routes alone

At the WPC Energy Congress, Aramco CEO Amin Nasser emphasized that securing global energy infrastructure requires collective international efforts, stating that even capable nations like Saudi Arabia cannot safeguard energy routes alone. He highlighted the importance of resilience in the Kingdom's energy system and showcased Aramco's plans for increased gas production, renewable energy integration, and advancements in technology to enhance security and infrastructure.

Arab News

News

Zelenskyy Says Russia Strikes Energy Facilities despite Trump Claim of an Energy Ceasefire

Ukrainian President Volodymyr Zelenskyy said Monday that Russia has continued to strike Ukraine's energy facilities even after US President Donald Trump said a day earlier that the warring countries had agreed on an energy ceasefire in the 4 1/2-year-old war. Speaking at the Warsaw Security Forum in Poland, Zelenskyy said Ukraine had learned through media reports that Trump had secured an energy ceasefire deal with Russia which would involve a mutual pause in strikes on energy sites. Zelenskyy said he would be willing to honor such an agreement, if Moscow did the same.

Asharq Al-Awsat English

News

French Police Detain Pupil Suspected in School Shooting in France in Which Two Were Wounded

Police have detained a 14-year-old pupil suspected in a rare school shooting in France that wounded the principal and another staff member, according to The Associated Press on Monday. The Bouches-du-Rhône police department, in southern France, said the suspect’s motive was unknown. The 14-year-old boy taken into custody Monday was carrying a gun, police said. The staff members were hit with ammunition used in 12-gauge shotguns, police said.

Asharq Al-Awsat English

More