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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

EU proposes changes to payments sector to support fintech growth

LONDON: The EU has proposed making the payments sector more competitive, giving legal backing to a digital euro, and preserving the role of cash as fewer people use coins and notes, according to Reuters. The package of European Commission reforms seeks to further prise open a payments market long dominated by banks and US duo Visa and Mastercard, which are now being challenged by fintechs that offer rival services using data from customers’ bank accounts.
sport

Top NBA Free Agency Players to Watch: Draymond Green, Kyrie Irving

NEW YORK: Some of the players to watch in NBA free agency, which starts Friday evening: Kyrie Irving, Dallas This one will be interesting. Irving is one of the best players in the NBA. He also tends to be a challenge, and evidently got unhappy over time at his previous stops — Cleveland, Boston and Brooklyn. It seems unlikely that Irving will want a short-term deal, but there aren’t many teams that can afford him, either Fred VanVleet, Toronto
Business

Crude Oil Updates: Monthly Gain Expected as Supply Tightens

HOUSTON: Oil prices edged higher on Friday with Brent poised for its first monthly gain this year, as a big drawdown in US oil stocks outweighed concerns that fuel demand will be dented further by more interest rate hikes, according to Reuters. Brent crude futures for September delivery rose 16 cents or 0.2 percent to stand at $74.67 as of 7:05 a.m. Saudi time. The less-traded front month contract, which expires on Friday, was up 30 cents at $74.64. US West Texas Intermediate crude gained 8 cents or 0.1 percent to $69.95.
sport

Man United seals $69M deal for Chelsea midfielder Mason Mount

MANCHESTER, England: Manchester United have agreed to sign midfielder Mason Mount from Chelsea for £55 million ($69 million). The agreement was confirmed Thursday by two people with knowledge of the negotiations, which have been on-going since the end of the Premier League season. The people spoke on condition of anonymity because the deal has not been publicly announced. Mount will sign a five-year contract, with the option of a further 12 months.
Business

Egypt’s Petroleum Ministry launches digital platform for sector investments

RIYADH: Egypt’s petroleum sector is on track to prosper thanks to a new service that will make it easier for investors to spot opportunities in the country. Launched by the Ministry of Petroleum and Mineral Resources, the Upstream Gateway digital platform aims to market petroleum areas globally, according to a statement. It will also provide the geological data required by current and potential investors and promote bids in the North African country’s oil and gas exploration field.
sport

Arsenal leads Man City in race for transfer target Declan Rice

MANCHESTER, England: In an offseason when Lionel Messi and Karim Benzema have already made moves, Declan Rice is turning into one of the biggest stories of the transfer window. Arsenal appears to be closing in on a deal worth up to a reported 105 million pounds ($133 million) for the England international, who has been linked with many of Europe’s biggest clubs. Manchester City, which has also targeted the West Ham midfielder, is not prepared to match that figure, according to a person with knowledge of the Premier League champion’s transfer plans.
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Pro-Palestinian Crackdown in US South | TOME

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Authorities have been intolerant of pro-Palestinian demonstrations in Louisiana, but the movement continues.

Universities’ Responses to Protests: Some Chose Violence, Others Considered Student Demands | TOME

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At least seven schools have reached an agreement with students around investment transparency and exploring divestment from Israel.

The post Some Universities Chose Violence. Others Responded to Protests by Considering Student Demands. appeared first on The Intercept.

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Russia attacks Ukraine energy infrastructure

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Ukraine continues to call for more weapons as Russia seeks to batter industry and resistance.

600K Palestinian Kids in Rafah Face Unsafe Evacuation, UNICEF Official Warns

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“The reality for kids living there is shocking, honestly,” said an official who recently returned from Gaza. “People are living in really squalid conditions.”

The post 600,000 Palestinian Kids in Rafah Can’t “Evacuate” Safely, UNICEF Official Says appeared first on The Intercept.

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Elon Musk Plans Robotaxi Launch in China, State Media Reports

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Tesla CEO last month made an unannounced visit to Beijing for talks with Chinese Premier Li Qiang.

Boeing delays Starliner capsule launch due to valve issue

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Cancellation of inaugural crewed space mission comes as Boeing is under fire over safety record at its aviation arm.

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