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Mexico's President-elect Claudia Sheinbaum said late on Thursday no decision had been made on a package of constitutional reforms put forward by outgoing President Andres Manuel Lopez Obrador, local media reported. The specter that Sheinbaum's leftist Morena party and its allies were within earshot of securing the two-thirds, super-majority needed in both chambers of Congress to pass the controversial measures unopposed roiled Mexican markets this week. Morena and its junior partners, the Green Party and Labor Party, will likely have 83 seats in the Senate, of a total 128, when the next Congress takes office in September, the interior minister said on Wednesday, citing preliminary results.
Asian stocks were mixed Friday after a steady Thursday on Wall Street as markets anticipated the release of key U.S. jobs data later in the day. U.S. futures and oil prices rose. Hong Kong’s Hang Seng index declined 0.6% to 18,369.83, while the Shanghai Composite index was up 0.2% at 3,053.36 as China trade data showed that exports in May rose faster than expected at 7.6% compared to a year earlier, while imports were weaker than market forecasts.
Sweden’s defense chief has expressed alarm over Beijing’s repeated dangerous maneuvers against Philippine vessels in the South China Sea, saying such actions threaten security, undermine stability and underscore the need to invest “for our security and freedom.” Defense Minister Pål Jonson spoke Thursday night in a diplomatic reception in Manila for Sweden’s national day after meeting his Philippine counterpart, Gilberto Teodoro Jr., on expanding defense relations. Sweden is one of the possible sources of supersonic fighter jets that the Philippines plans to acquire as its military shifts focus from decades of fighting communist and Muslim insurgencies to territorial defense.
Police in Burlington, Vermont, have apologized to high school students who were rattled by a role-play robbery demonstration that included a mock shooting and has drawn criticism from parents and local officials.
A record number of high school students across China have begun sitting a highly competitive exam that could decide their future in a country grappling with a slowing economy and diminishing opportunities for young graduates.
A dangerous heat wave is bringing record-breaking temperatures to parts of California, the Great Basin and the Southwest through Friday, creating a risk of heat-related illness and other hazards in some areas.
Indonesia's president is rushing to reassure investors and bureaucrats about his $32 billion new capital city in a malaria-prone pocket of Borneo, after the resignations of two officials overseeing the plan raised fresh doubts about its future. President Joko Widodo's announcement that he will start working next month from an office in Nusantara, a giant construction site over 1,200km (750 miles) from the current capital Jakarta, is unlikely to allay fears about his legacy project, analysts say. "The resignations worsen this… instead of explaining what really happened, the government is trying to cover it up," he said, describing the president as in damage control mode.
An Associated Press analysis found the number of publicly-traded “zombie” companies — those so laden with debt they're struggling to pay even the interest on their loans — has soared to nearly 7,000 around the world, including 2,000 in the United States. “They’re going to get crushed,” Valens Securities Managing Director Robert Spivey said of the weakest zombies. Here are the key takeaways from the AP’s analysis: WHAT IS A ZOMBIE COMPANY?
Japan’s fertility rate, which has seen a precipitous fall for many years, has reached another record low as the Tokyo government launches its own dating app.
They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good. An Associated Press analysis found their numbers have soared to nearly 7,000 publicly-traded companies around the world – 2,000 in the United States alone – whiplashed by years of piling up cheap debt followed by stubborn inflation that has pushed borrowing costs to decade highs. “They’re going to get crushed,” Valens Securities Managing Director Robert Spivey said of the weakest zombies.
The last time federal elections were held in Belgium in 2019, it took nearly 18 months before a new prime minister could be sworn in to lead a seven-party coalition government. The wait was even longer after the 2010 vote when the country needed 541 days to form a government, still a world record. Belgian voters return to the national polls on Sunday, in conjunction with the European Union vote, amid a rise of both the far-right and the far-left in the country.
A dozen masked men jump out of two SUVs and a white pickup and storm a KFC in Baghdad, smashing everything in sight before fleeing the scene. A few days earlier, similar violence played out at Lee's Famous Recipe Chicken and Chili House — all American brands popular in the Iraqi capital. Iraqi governments have for years walked a delicate line between Washington and Tehran, but the eight-month war in Gaza has critically upped the stakes.
U.S. job growth likely maintained its moderate pace in May and wage gains were expected to hold steady, which would keep the Federal Reserve in wait-and-see mode on interest rates but likely encourage bets the central bank will lower borrowing costs at least once this year. The Labor Department's closely watched employment report on Friday is also expected to show the unemployment rate remained below 4% for the 28th straight month. While the labor market has softened in recent months, its still-solid clip has allowed the Fed to take its time so far in deciding when to begin cutting interest rates.
An author in Samoa has been charged with murdering another prominent Samoan writer, who was also the aunt of former U.S. congresswoman Tulsi Gabbard, authorities in the South Pacific island nation said. Papalii Sia Figiel, 57, is accused of killing Caroline Sinavaiana-Gabbard 78, after an argument last month, officials told The Associated Press. Sinavaiana-Gabbard, a poet and environmentalist, in 2013 became the first person of Samoan ancestry to reach the rank of full professor at a U.S. university, according to the University of Hawaii at Manoa, where she taught from 1997 until her retirement in 2016.
Rep. Byron Donalds of Florida went on on MSNBC's "The ReidOut" with Joy Reid to defend comments he made that Jim Crow, a period of racial violence and segregation, was an era when “the Black family was together.”
When the topic of Donald Trump's potential running mate arose at a Manhattan fundraiser last week, the Republican presidential candidate gave high marks to contenders including North Dakota Governor Doug Burgum and U.S. Senator Tim Scott. Some of the wealthy donors said Trump should select former primary rival Nikki Haley as his No. 2. Trump, 77, largely dismissed the idea and suggested the group move on, said two donors familiar with the interaction.
Verona's ancient Roman Arena will host a star-studded classical concert Friday to celebrate the addition of Italian opera singing to UNESCO's list of intangible global heritage.Italian opera was added to the UN's heritage list in December.
Hundreds of deadly landmines and unexploded ordnance still litter parts of Libya after years of fighting, posing a constant danger to civilians, especially children, long after the conflict.About 36 percent of Libya's areas which had been littered with mines and ordnance have been cleared, according to the UN mission in Libya, but another 436 million square metres (about 108,000 acres) remain unswept.
Further landslides will likely plague the area where part of a mountain collapsed onto a remote village in Papua New Guinea two weeks ago, New Zealand geological experts warned on Friday, as authorities ended search and rescue efforts. It remains unclear how many people died in the massive landslide in PNG’s Enga region on May 24, with the national government reporting more than 2,000 people have been buried alive and a U.N. estimate putting the death toll at around 670. New Zealand geotechnical engineers sent to Papua New Guinea released a report on Thursday raising concerns about the stability of the ground not just in the landslide but also to either side of it.
Voters in Ireland and the Czech Republic go to the polls Friday on the second day of marathon EU elections, after the Netherlands kicked off the ballot with a strong showing by the far right.Ireland takes up the baton on Friday and for the first time in a European election migration and the asylum system have emerged as leading issues there too.
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