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Saudi Arabia said Friday it will sell a second sliver of stock in its state oil giant Aramco worth billions of dollars, its first tranche since its initial public offering back in 2019. Saudi Aramco, formally known as the Saudi Arabian Oil Co., acknowledged the stock sale in a corporate disclosure online. At the high range of the valuation, that would make the shares worth some $11.9 billion.
Most markets rose Friday after falling for much of the week, with below-forecast US data injecting some fresh life into hopes the Federal Reserve will cut interest rates this year."Assuming the PCE comes in OK, the data suggests the Fed doesn't need to hike and may cut later in the year," Capital.com's Kyle Rodda said.
Israeli forces on Friday struck targets across the Gaza Strip, with witnesses reporting air raids around the southern city of Rafah, the latest focus of the nearly eight-month war.Witnesses said Friday Israeli strikes hit the Rafah area as well as central Gaza's Nuseirat, and an AFP correspondent reported intense bombardment in the north.
Papua New Guinea (PNG) Prime Minister James Marape on Friday made his first visit to a remote village hit by a deadly landslide last week and thanked international aid donors for their support. More than 2,000 people may have been buried alive, according to the PNG government. Marape apologised to residents for not visiting earlier, The Papua New Guinea Post Courier reported.
An Indian court has urged the government to declare a national emergency over the country's ongoing heatwave, saying that hundreds of people had died during weeks of extreme weather."Due to extreme weather conditions in the form of (the) heatwave, hundreds of people have lost their lives this month," the court said Thursday.
Meet Ace-Liam Ankrah, a Ghana toddler who has set the record as the world's youngest male artist. Eghan, an artist and founder of Arts and Cocktails Studio, a bar that that offers painting lessons in Ghana's capital, Accra, said she was looking for a way to keep her boy busy while working on her own paintings. After that and with his mother's prodding, Ace-Liam kept on painting.
It was still dark and quiet outside when Ousmane Sylla had his last prayer in the courtyard of an Italian migrant jail. Chaos took over the detention and deportation center of Ponte Galeria on the outskirts of Rome. Sylla’s death in February shined a spotlight on the conditions inside these de-facto jails for migrants, raising questions about Italy’s migration policy as its government, led by far-right Premier Giorgia Meloni, vowed to build more such facilities across the country as well as abroad.
The US and Chinese defence chiefs held rare direct talks in Singapore on Friday, offering hopes for more military dialogue that could help prevent disputes over Taiwan and other flashpoint issues from spinning out of control.Friday's meeting between Austin and Dong follows a phone call between the pair in April, and offers hope of further military talks to cool tensions.
MIDRAND, South Africa (Reuters) -South African political parties geared up for coalition talks on Friday as the governing African National Congress (ANC) looked set to fall well short of a majority in this week's election, the first time this has happened in 30 years of democracy. With results in from 54.9% of polling stations, the party of the late Nelson Mandela had 42.1% of votes, a precipitous drop from the 57.5% of votes it secured in the last national election in 2019. While the ANC looked likely to remain the largest political force, voters appear to have punished the former liberation movement for years of decline.
MIDRAND (Reuters) -Partial results from South Africa's parliamentary election reappared on the electoral commission's website on Friday after roughly two hours during which the results page went blank due to an apparent technical glitch. When it came back up, the results page showed the governing African National Congress on 42.1% of the vote with results in from 54.9% of polling stations. The opposition Democratic Alliance party was on 23.7%, uMkhonto we Sizwe (MK) on 10.8% and the Economic Freedom Fighters on 9.6%.
The number of people fleeing their homes because of war, violence and persecution has reached 114 million and is climbing because nations have failed to tackle the causes and combatants are refusing to comply with international law, the U.N. refugee chief said Thursday. In a hard-hitting speech, Filippo Grandi criticized the U.N. Security Council, which is charged with maintaining international peace and security, for failing to use its voice to try to resolve conflicts from Gaza, Ukraine and Sudan to Congo, Myanmar and many other places. Grandi said non-compliance with international humanitarian law means that “parties to conflicts — increasingly everywhere, almost all of them — have stopped respecting the laws of war,” though some pretend to do so.
Asian shares were higher on Friday as investors shrugged off yet another decline on Wall Street, while an official survey showed a weakening in Chinese factory activity. Tokyo's Nikkei 225 added 1.2% to 38,119.96 as reports circulated of plans for major investments by government-backed pension funds and other big institutional investors. The Nikkei financial news outlet said Japan is preparing to put nearly 100 trillion yen ($638 billion) more public money into the markets, following the lead of the Government Pension Investment Fund.
Pakistan's mangoes are normally a source of national pride and much-needed income, but farmers are blaming climate change for the parasites and extreme weather ruining much of this season's crop.Pakistan's 20 varieties of mangoes come second only to oranges as the most-produced fruit in the country.
Voters in Serbia will go to the polls this weekend for a municipal vote in dozens of cities and towns, including a rerun ballot in the capital of Belgrade where ruling populists were accused of an election fraud in December. The right-wing Serbian Progressive Party of President Aleksandar Vucic is seen as a favorite ahead of the Sunday balloting, aiming to further cement an already vast hold on power. The populist strongman is formally seeking to have his troubled nation join the European Union but has steadily drifted away from pro-EU democracy values while nurturing close ties with Russia and China.
A former speaker of Iran's parliament registered Friday as a possible candidate in the Islamic Republic's June 28 presidential election to replace the late Ebrahim Raisi, who was killed in a helicopter crash earlier this month with seven others. Ali Larijani is the first high-profile candidate to register for the contest. Larijani, 66, is viewed as a conservative within Iran's narrow political scene.
Within hours of the former President’s conviction, Republicans and Democrats seized on the moment to solicit donations from supporters.
Bronwen Brown, a registered Republican in a bellwether Pennsylvania county, was ready to vote for Donald Trump again in November despite long-held reservations about his character. "I may be moving over to Biden," she said, referring to President Joe Biden, Trump's Democratic opponent in the Nov. 5 election. Brown is a resident of Bangor, a borough in Northampton County, a mostly rural and white region of 320,000 people which over the decades has become a bellwether of presidential winners in Pennsylvania, a battleground state, and nationwide.
Soaring temperatures in India's capital have proven to be too much for some courts and are putting to the test a law in place since 1961 that requires lawyers to wear heavy black robes and coats. At least three High Courts have permitted lawyers to discard the robes and coats for the summer, although the Supreme Court is being urged to make it a general rule for all lawyers in the country. Judges at one New Delhi court postponed a case this week until later in the year, complaining about a lack of air conditioning and water supply.
Shipping fuel regulations introduced in 2020 have led to a substantial cut in sulphur dioxide (SO2) pollution, but may also have made the ocean warmer by reducing cloud cover, according to a modelling study in a paper published late on Thursday. International Maritime Organization (IMO) rules to tackle marine pollution forced shippers to cut their fuel sulphur content to 0.5% from 3.5%, leading to an 80% decline in SO2 emissions, according to a research team led by Tianle Yuan at the University of Maryland. SO2, however, besides being a major pollutant, also masks global warming by forming aerosols that thicken and brighten clouds, reflecting the sun's rays back into space.
Gutted buildings, vacant windows and blocks bombed to rubble show the price paid by the western Myanmar town of Pauktaw for victory against the junta in the country's civil war.Across Myanmar, around 2.7 million have been forced to flee by the civil war.