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George Soros hands over control of his empire to younger son: WSJ

NEW YORK: Billionaire investor turned philanthropist George Soros is ceding control of his $25 billion empire to a younger son, Alexander Soros, according to an exclusive interview with The Wall Street Journal published online Sunday.
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Indian Wrestlers End Protest After Assurances of Swift Probe Against Federation Chief

NEW DELHI: India’s top wrestlers said they had decided to suspend protests on Wednesday after the country’s sports minister promised a swift probe of their federation chief who they accused six months ago of sexually harassing female athletes. The wrestlers have been camping in New Delhi for months since April seeking the arrest of Wrestling Federation of India (WFI) President Brij Bhushan Sharan Singh, who has denied the allegations.
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Gulf Running Clubs Fostering Community Spirit for Locals and Expats

“You do not stop running because you get old, you get old because you stop running.” This is the paraphrasing of George Bernard Shaw’s famous saying on “playing” and getting old, by Christopher McDougall, from his seminal 2009 book “Born to Run,” about the legendary running tribe, the Tarahumara. It is especially poignant on June 7, which is Global Running Day. Across the GCC, many runners of all abilities and ages will mark the day in their own way, no doubt with the appropriate hashtags and photos.
sport

Juventus to Exit Super League Project Amid Legal Turmoil

TURIN, Italy: Juventus plan to leave the Super League project still being pursued by Real Madrid and Barcelona, though the club denied Tuesday they had been threatened with a European ban by UEFA. The three storied clubs are awaiting a ruling expected within weeks from the European Court of Justice in Luxembourg into their legal challenge against what they claimed is UEFA’s monopoly control of European club competitions.
Business

Saudi Arabia to Extend OPEC+ Voluntary Cut and Reduce Oil Output in July

RIYADH: Saudi Arabia will extend its voluntary cut of 500,000 bpd until the end of December 2024, in coordination with some countries participating in the OPEC+ agreement, the Kingdom’s energy ministry said on Sunday. This voluntary reduction from the required production level was agreed upon at the OPEC+ meeting held on Sunday, the ministry added. The ministry also announced an additional voluntary oil output cut of 1 million bpd for July, which could be extended further.
sport

Saudi female fencers finish U-15 and over-15 season

JEDDAH: The Saudi Fencing Federation concluded its 2022/2023 season on Friday with the Kingdom’s Fencing Championship (Diamond Round) for U-15 and over-15 women. Ahmed Al-Sabban, the president of the federation, and Lubna Al-Omair, member of the board of directors, crowned the winners of the championship in which 170 players from 17 clubs participated at the Prince Abdullah Al-Faisal Stadium in Jeddah.
sport

Stuttgart triumphs over Hamburg 3-0 in Bundesliga playoff first leg

STUTTGART: Hamburger SV’s five-year wait to rejoin the Bundesliga looks set to continue. Serhou Guirassy helped to put Stuttgart in a commanding position to keep their place in Germany’s top division with a 3-0 win over Hamburg on Thursday in the first leg of their playoff. Guirassy had failed to make the most of a one-on-one chance and had a penalty saved in the first half, but the Guinea forward grabbed Stuttgart’s third goal early in the second half.
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Libyan parliament approves $18.5 bln budget for 2024 | TOME

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BENGHAZI: Libya’s eastern-based parliament on Tuesday unanimously approved the 2024 budget for the government it installed of 90 billion Libyan dinars ($18.5 billion), excluding an item for development projects, three MPs told Reuters. The budget is for the Benghazi-based government of Osama Hamad, who came to power in March 2023 and is allied with the military commander Khalifa Haftar, who controls the east and large parts of the southern region of Libya.

Microsoft to invest $1.7 billion in AI and cloud infrastructure in Indonesia

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Microsoft CEO Satya Nadella says investment will help Southeast Asia's biggest economy thrive in 'new era'.

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Blinken to Push Netanyahu on Gaza Aid During Israel Trip

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AMMAN: US Secretary of State Antony Blinken said on Tuesday he would discuss with Prime Minister Benjamin Netanyahu measures that Israel still needs to take to increase the flow of aid into Gaza during his planned talks in the country on Wednesday. Blinken arrived in Israel on Tuesday to also push for a much awaited ceasefire between Israeli forces and Hamas militants in Gaza. Ahead of his arrival in Israel, Blinken spoke to reporters at a warehouse of the Jordan Hashemite Charity Organization where aid shipments from US-based charities are gathered.

US Pro-Palestinian University Protests: TOME

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Pro-Palestinian protests have erupted at university campuses across the US.

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Microsoft to invest $1.7 billion in AI and cloud infrastructure in Indonesia

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Microsoft CEO Satya Nadella says investment will help Southeast Asia's biggest economy thrive in 'new era'.

IMF to release $1.1bn loan to Pakistan after key meeting

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Pakistan seeks another long-term IMF programme to support its ailing economy but experts say focus must be on reforms.

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