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Assange’s Possible U.S. Extradition by Early 2024 | TOME

On December 9, join me and Amy Goodman for the Belmarsh Tribunal, a live conversation on the Wikileaks founder.

The post Julian Assange Could Face Extradition to the U.S. by Early 2024 appeared first on The Intercept.

Business

“China’s May Industrial Output Up by 3.5%”

BEIJING: China’s economy stumbled in May with industrial output and retail sales growth missing forecasts, adding to expectations that Beijing will need to do more to shore up a shaky post-pandemic recovery. The economic rebound seen earlier this year has lost momentum in the second quarter, prompting China’s central bank to cut some key interest rates this week for the first time in nearly a year, with expectations of more to come.
Business

Oil Prices Head for Second Weekly Loss on Demand Concerns

SINGAPORE: Oil prices looked set to post their second straight weekly loss as they continued to fall on Friday over demand concerns and skepticism that the US and Iran could strike a nuclear deal, according to Reuters. Brent crude futures dropped 35 cents, or 0.5 percent, to $75.61 a barrel by 7:04 a.m. Saudi time, while the US West Texas Intermediate crude futures eased 35 cents, or 0.5 percent, to $70.94.
Business

Positive Non-Oil Outlook in UAE Despite Slight PMI Dip in May

RIYADH: The UAE’s non-oil private sector growth outlook remained positive in May, even as the seasonally adjusted S&P Global Purchasing Managers’ Index fell to 55.5 compared to 56.6 in April.   The S&P Global report noted that improved operating conditions drove business confidence to its strongest levels since October 2021.   According to the index, PMI readings above 50 show non-oil private sector growth, while those below 50 signal contraction.  
Business

“World Economic Growth Predicted to Reach 2.3% by UN in 2023”

NEW YORK: Global economic growth is projected to be 2.3 percent in 2023, up 0.4 percentage points from a January forecast, and the prediction for 2024 has dropped 0.2 percentage points to 2.5 percent, according to a UN report released on Tuesday. “Despite this uptick, the growth rate is still well below the average growth rate in the two decades before the pandemic of 3.1 percent,” said the World Economic Situation and Prospects report issued by the UN Department of Economic and Social Affairs.
News

Teenagers Facing Rare Diseases Due to Decrease in Vaccine Uptake

The number of youngsters having jabs since the pandemic has fallen, UK health officials say.
Economy

Tesla’s Profit Margins Decline, Shares Drop Due to Discounts

The Elon Musk-led EV maker has slashed prices several times since last year, sacrificing profit margins to drive sales.
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Israeli Artist Delays Venice Biennale Pavilion Opening Due to Gaza Ceasefire

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An artist representing Israel at the international art fair calls for an immediate ceasefire in Israel's war on Gaza.

UAE and neighboring nations hit by heavy rains, Oman flooding death toll rises to 18

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DUBAI: Heavy rains lashed the United Arab Emirates on Tuesday, flooding out portions of major highways and leaving vehicles abandoned on roadways across Dubai. Meanwhile, the death toll in separate heavy flooding in neighboring Oman rose to 18 with others still missing as the sultanate prepared for the storm. The rains began overnight, leaving massive ponds on streets as whipping winds disrupted flights at Dubai International Airport, the world's busiest for international travel and the home of the long-haul carrier Emirates.

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‘Mama we’re dying’: Kids in Gaza’s final days | TOME

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Hanan and Mazen were stuck in the West Bank. Their kids were in Gaza, where they were killed by Israeli bombs.

Singapore announces Lawrence Wong as new prime minister starting May 15

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Wong, currently deputy prime minister, will replace Lee Hsien Loong who has led the city-state since 2004.

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Apple invests in Vietnam as Tim Cook visits Hanoi

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Singapore Economy Grows 2.7% Below Forecasts | TOME

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City-state's performance is closely watched as a barometer of global economic conditions.

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