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Justice

FBI Warrantless Search Lawsuits Allowed to Proceed

A federal court swatted away the government’s motions to dismiss two cases about the FBI’s “egregious” overstep.

The post Lawsuits About FBI Warrantless Search of Safe Deposit Boxes Allowed to Proceed appeared first on The Intercept.

Business

Saudi Arabia’s Hajj Boost for Travel and Hospitality Sectors

DUBAI: Three years after the COVID-19 pandemic forced Saudi Arabia to impose strict travel restrictions, this year’s Hajj has given a palpable boost to the regional economy, with an estimated 1.6 million Muslims from around the world converging on Islam’s holiest sites. The annual pilgrimage began on Sunday with the ritual of Tawaf Al-Qudum, when pilgrims dressed in white robes walk in a circle around the Kaaba, the stone structure at the center of Masjid Al-Haram, or the Grand Mosque, the most important mosque and holiest site in Islam.
Business

Crude Oil Stabilizes Amid Fuel Demand Worries and Weak China Data

RIYADH: Oil prices steadied on Thursday, a day after rising sharply on a bigger-than-expected fall in US inventories, as attention shifted back to rising interest rates denting global economic growth.  Brent crude futures was up 37 cents, or 0.50 percent, to $74.40 a barrel by 02:41 p.m. Saudi time, while US West Texas Intermediate crude futures rose 39 cents, or 0.56 percent, to $69.95 a barrel.
Business

Saudi cement companies in central region may reduce prices due to strong competition.

RIYADH: A price war between cement producers is likely to break out in Saudi Arabia’s central region on the back of the giga-projects boom, according to a recent report from AlJazira Capital. Since the majority of the huge ongoing developments in the Kingdom are located in its center, companies from across the country have ventured into the region, causing competition to soar.   The report added that the central area is also logistically more feasible and accessible for the majority of the firms in the Kingdom, further attracting external players. 
Business

Elon Musk Offers Twitter Staff $20B in Inventory Grants: Value Could Increase Tenfold

Twitter CEO Elon Musk has provided new equity offers to personnel in an effort to vest after six…

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Honduras Escalates Fight Against Crypto Investors, Rejects World Bank Court

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After the Honduran president repealed a law granting unfettered authority to outside investors, the cryptoquistadors took the dispute to a World Bank arbitration court.

The post Honduras Ratchets Up Battle With Crypto-Libertarian Investors, Rejects World Bank Court appeared first on The Intercept.

Algeria criticizes TV stations for Ramadan ads and immoral programming

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ALGIERS, Algeria: Officials in Algeria are chiding television stations over the content choices they’ve made since the start of Ramadan last week, injecting religion into broader discussions about how the country regulates content and advertising in media. Their criticisms come amid broader struggles facing journalists and broadcasters, where television stations and newspapers have historically relied heavily on advertising from the government and large state-aligned enterprises in the oil-rich nation.

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Algeria criticizes TV stations for Ramadan ads and immoral programming

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ALGIERS, Algeria: Officials in Algeria are chiding television stations over the content choices they’ve made since the start of Ramadan last week, injecting religion into broader discussions about how the country regulates content and advertising in media. Their criticisms come amid broader struggles facing journalists and broadcasters, where television stations and newspapers have historically relied heavily on advertising from the government and large state-aligned enterprises in the oil-rich nation.

Russia-Ukraine Conflict: Key Events, Day 755 | TOME

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As the war enters its 755th day, these are the main developments.

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Boycotts hit McDonald’s, Starbucks in Indonesia and Malaysia

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Boycotts over the Gaza war are hitting big brands in Southeast Asia despite local owners denying links to Israel.

Bank of Japan raises interest rate after 17 years

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Japan's central bank begins unwinding one of the world's most aggressive monetary easing programmes.

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