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U.S. Doubles Down on UNRWA Defunding Despite Allegations

The House passed a one-year ban on UNRWA funds even as several Western countries have resumed funding for the U.N. agency that aids Palestinians.

The post U.S. Doubles Down on Defunding UNRWA — Despite Flimsy Allegations appeared first on The Intercept.

News

Israeli Military Launches Closed-Door “PR Blitz” on Capitol Hill Amid Growing Ceasefire Calls

The Intercept has learned of around half a dozen events coordinated with Israeli officials during recent weeks — some of them hastily organized.

The post With Ceasefire Calls Growing, Israeli Military Launches Closed-Door “PR Blitz” on Capitol Hill appeared first on The Intercept.

Business

“World Bank Offers Repayment Pause to Nations in Crisis”

PARIS: The head of the World Bank said Thursday that the lender planned to introduce a “pause” mechanism for debtor countries in the event of them being hit by a crisis. Ajay Banga told a summit on financing the fight against climate change that the multilateral lender would adopt a new approach that “significantly expands the World Bank’s toolkit.” The most important measure would be offering “a pause on debt repayments so countries can focus on what matters when a crisis hits and stop worrying about the bill that is going come,” he added.
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“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.
Business

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

Oil market finds relief amidst concerns over rate hikes

RIYADH: Oil steadied on Thursday as a potential pause in US interest rate hikes and the passing of a crucial vote on the US debt ceiling bill were offset by a report of rising inventories in the world’s biggest oil consumer. US Federal Reserve officials on Wednesday suggested interest rates could be kept on hold this month and the US House of Representatives passed a bill suspending the government’s debt ceiling, improving the chance of averting a disastrous default.
News

UK Diplomats Evacuated from Khartoum Amid Sudan Violence

Hundreds of people have died after fierce fighting erupted last week between two opposing forces.
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Chinese tanker hit by Houthi missile in Red Sea: CENTCOM

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DUBAI: A Chinese-owned oil tanker was attacked off Yemen Saturday by ballistic missiles fired by Houthi rebels, who have intensified strikes on Red Sea shipping, the US military said. The Panamanian-flagged, Chinese-owned and operated Huang Pu issued a distress call but did not request assistance, US Central Command (CENTCOM) said in a statement on social media platform X early on Sunday. “No casualties were reported, and the vessel resumed its course,” the statement said.

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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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