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Biden Funds Israel’s War Amid US Financial Struggles | TOME

The president has prioritized military spending over helping American families cover the rising costs of child care.

The post Biden Is Bankrolling Israel’s War Amid Growing Financial Hardship at Home appeared first on The Intercept.

Russian companies eager to strengthen UAE relations: deputy PM

ST. PETERSBURG: Russian firms are keen to develop further ties with the UAE, the country’s deputy prime minister has insisted in a speech lauding economic links between the two nations. Speaking at the St. Petersburg International Economic Forum, Denis Manturov — also Russia’s industry and trade minister — noted the special nature of Russian-Emirati relations, which includes strong ties of friendship and a rich history of cooperation based on the principles of mutual respect and trust.

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.

“U.S. Chamber of Commerce Hosts Michael Morell as Keynote Speaker at Major Event”

Morell, Donald Trump’s “deep state” enemy No. 1, spoke at a Chamber of Commerce event Monday, highlighting the strange gulf between the K Street titan and the GOP.

The post U.S. Chamber of Commerce Invites Trump Bête Noire Michael Morell to Speak at Major Gathering appeared first on The Intercept.

“Soft Dollar Boosts Appeal: Gold Prices Rise”

RIYADH: Gold climbed on Monday after a weaker dollar made bullion more attractive for overseas investors, although prices hovered close to three-month lows as traders assessed prospects of more interest rate hikes by the US Federal Reserve. Spot gold rose 0.3 percent to $1,926.19 per ounce by 8:38 a.m. Saudi time. US gold futures also gained 0.3 percent to $1,936.00. Bullion slumped nearly 2 percent in the previous week as hawkish comments from Fed officials signaled more rate hikes to tame sticky inflation.

Prigozhin’s Uprising Threat Echoes Russia’s History of Failed Wars

Putin may yet suffer the fate of many czars before him: a military uprising fueled by the blowback of a failing war.

The post Yevgeny Prigozhin’s Threatened Uprising Against Putin Echoes Russia’s History of Wars Gone Bad appeared first on The Intercept.

“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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