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News
Chinese Spy Base in Cuba? Officials Deny Media Claims.
US and Cuban officials dismissed a Wall Street Journal report about a surveillance base to be built in the Caribbean.
Business
UBS and Swiss Govt. Guarantee Credit Suisse Losses
ZURICH: UBS and the Swiss government signed on Friday an agreement to cover up to 9 billion Swiss francs ($10 billion) in losses from its emergency takeover of Credit Suisse, the country’s largest bank, Reuters reported.
The deal comes with various conditions, including a requirement that UBS keeps its headquarters in Switzerland, the government said in a statement.
The loss protection agreement will become effective with the completion of the Credit Suisse takeover, expected as early as June 12, UBS said in a separate statement.
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Business
Saudi Minister: GCC-Iraq Electrical Interconnection Boosts Energy Security
RIYADH: The electrical interconnection project between Saudi Arabia and Iraq will support the Iraqi electrical grid, according to Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman.
In an interview with Al-Arabiya, the prince said the connection was a dream that had become a reality and would achieve tangible economic benefits and enhance energy security.
Speaking on the sidelines of the OPEC+ meeting in Vienna, he said: “We have no complexes about speculation in the oil market,” and the decision to cut oil production was a “precautionary” one.
News
“Turkish halt on medical visits leaves Syrians without life-saving care”
HALZOUN, Syria: Huddled inside a tent in rebel-held northwestern Syria, Umm Khaled says she fears her baby will die unless she gets specialist treatment in neighboring Turkiye for a congenital heart defect.
Seriously ill Syrians in the country’s last rebel bastion of Idlib used to be able to access life-saving care across the border.
But the main crossing there for medical visits slammed shut after a deadly earthquake ravaged southern Turkiye on February 6, prompting Ankara to prioritize its domestic needs.
News
Blinken’s Delayed China Trip Set for This Month: Reports
US secretary of state is expected to meet top Chinese officials, US media outlets say, on visit delayed since February.
Slow Flood Aid in Occupied Kherson, Russia: Residents Await Help
Those in occupied areas are reportedly trapped in floodwaters as Ukrainians in Kyiv-controlled Kherson receive help.
Finance
UBS and Swiss Govt. Guarantee Credit Suisse Losses
ZURICH: UBS and the Swiss government signed on Friday an agreement to cover up to 9 billion Swiss francs ($10 billion) in losses from its emergency takeover of Credit Suisse, the country’s largest bank, Reuters reported.
The deal comes with various conditions, including a requirement that UBS keeps its headquarters in Switzerland, the government said in a statement.
The loss protection agreement will become effective with the completion of the Credit Suisse takeover, expected as early as June 12, UBS said in a separate statement.
Sports
“Down Syndrome Football Team Featured in ‘Mighty Penguins’ Documentary”
For many, it is difficult to imagine living with Down syndrome, its challenges as well as its beauties, but “Mighty Penguins” is a film that achieves exactly that.
It gives you a glimpse into such a world and what we find is one filled with passion, love and emotional intelligence, but also complicated by hardships and prejudice.