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Saudi Arabia’s voluntary cuts boost oil prices.

RIYADH: Oil prices rose on Thursday as tighter supply resulting from Saudi Arabia’s pledged production cut and a potential pause to US interest rate hikes offset worries over demand weakness and a global economic slowdown. At a recent meeting of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, Saudi Arabia said it will cut its crude output by 1 million barrels per day in July on top of a broader deal to limit supply into 2024 as the producer group seeks to boost flagging prices.
Business

Saudi Energy Minister Says OPEC is Proactively Preemptive – CNBC

VIENNA: Defending the decisions made by the oil producers’ alliance, Saudi Energy Minister Prince Abdulaziz bin Salman stressed the need to “trust OPEC+” which he described as “the most effective international organization” working to restore market stability. Talking to CNBC International’s Dan Murphy on Sunday, the energy minister said the voluntary oil output cuts announced by the Organization of the Petroleum Exporting Countries and its allies including Russia, also known as OPEC+, were precautionary measures.
Business

US Debt Ceiling Bill Passes House with Bipartisan Support

WASHINGTON: The US House of Representatives passed a bill to suspend the $31.4 trillion debt ceiling on Wednesday, with majority support from both Democrats and Republicans to overcome opposition led by hard-line conservatives and avoid a catastrophic default. The Republican-controlled House voted 314-117 to send the legislation to the Senate, which must enact the measure and get it to President Joe Biden’s desk before a Monday deadline, when the federal government is expected to run out of money to pay its bills.
Opinions

Sex Ed: The Key to a Better Future

CSE empowers young people and adolescents to know their rights, make healthy choices, stay in school and flourish.
News

US House passes debt bill, may face Biden veto

The Biden administration has called on House Speaker McCarthy to instead raise the debt ceiling 'without conditions'.
News

Disney Sues Florida Governor DeSantis for ‘Weaponizing’ Government

Disney says there was 'a relentless campaign to weaponize government power against Disney' over free speech.
Sports

MLB Seeks Faster Pace for Optimal Baseball Experience

Major League Baseball is using a pitch clock this season, one of a few new rules that experts say are changing the game.
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€1bn EU ‘bribe’ for Syrian refugees angers Lebanon

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BEIRUT: Lebanon’s Prime Minister Najib Mikati on Friday vowed to step up deportations as part of a crackdown on illegal residents in the country. “This matter is not up for debate, and orders have been given to the relevant authorities to implement what is necessary,” he said. Mikati’s comments came after the EU on Thursday announced a €1 billion ($1.07 billion) aid package for Lebanon, mostly to boost border control in a bid to curb refugee flows across the Mediterranean Sea to Cyprus and Italy. Lebanon hosts more than 1.5 million Syrian refugees.

Measles Outbreak in NE Nigeria Kills 42 | TOME

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The deaths were recorded out of nearly 200 suspected measles cases in the state of Adamawa, official says.

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Measles Outbreak in NE Nigeria Kills 42 | TOME

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The deaths were recorded out of nearly 200 suspected measles cases in the state of Adamawa, official says.

Texas Pro-Palestine University Protesters Clash with State Leaders

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Texas, one of the most conservative US states, has implemented laws limiting the ability to protest against Israel.

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KFC Malaysia closes outlets amid Gaza boycott

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Franchise operator cites 'challenging economic conditions' amid local reports linking closures to boycotts of Israel.

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