Gold heads for weekly loss, spotlight on Trump-Putin talks
Gold prices were steady on Friday but remained on track for a weekly decline, as stronger-than-expected U.S. inflation data dampened expectations for ...
Devastating wildfires fueled by powerful winds force mass evacuations in Los Angeles, scorching homes and landmarks as firefighters battle uncontained blazes across the region.
Powerful winds fueled devastating wildfires near Los Angeles on Wednesday, forcing tens of thousands to evacuate and scorching buildings and hillsides in upscale coastal areas. The Pacific Palisades neighborhood, home to many celebrities, was among the hardest hit, along with Altadena and Sylmar, where two other major fires erupted.
The fires, spread by hurricane-force winds, created chaos as residents evacuated, roads became jammed, and some abandoned vehicles. Emergency responders issued evacuation orders, while skies above Los Angeles glowed red and were choked with thick smoke.
Pacific Palisades saw extensive damage, with hundreds of structures likely lost, according to Councilwoman Traci Park. The fire has consumed 3,000 acres, and injuries were reported, though no deaths. Governor Gavin Newsom declared a state of emergency on Tuesday, and Mayor Karen Bass urged residents to stay vigilant and heed evacuation orders.
The second fire, the Eaton Fire near Pasadena, quickly grew to over 2,200 acres, destroying homes, a synagogue, and a McDonald's. Residents from a nursing home were evacuated. In Sylmar, the Hurst Fire forced evacuations as well. All three fires remained 0% contained as of Wednesday morning.
Around 188,000 homes and businesses were without power. Firefighting aircraft dropped seawater on the flames, while bulldozers cleared abandoned vehicles. Preventive measures helped protect the Getty Villa museum from significant damage.
The National Weather Service issued its highest fire alert for Los Angeles County, citing extreme fire conditions fueled by low humidity and dry vegetation. Federal grants and resources have been mobilized, with President Joe Biden offering federal assistance.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
Gold prices were steady on Friday but remained on track for a weekly decline, as stronger-than-expected U.S. inflation data dampened expectations for interest rate cuts and shifted market attention to the meeting between U.S. President Donald Trump and Russian President Vladimir Putin.
Donald Trump travelled to Alaska on Friday for what he described as a “high-stakes” summit with Russian president Vladimir Putin, aimed at securing a ceasefire in Ukraine and ending the deadliest conflict in Europe since the Second World War.
U.S. President Donald Trump announced plans for new tariffs on steel and semiconductor imports, aiming to boost domestic manufacturing while offering initial exemptions for companies investing in the U.S.
Two people were injured in a shooting near a mosque in the Swedish city of Örebro on Friday, police said.
U.S. President Donald Trump said he would not negotiate on Ukraine’s behalf during his meeting with Russian President Vladimir Putin on Friday, stressing that Kyiv must decide whether to pursue any territorial swaps with Moscow.
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