live Oil prices fall as Iran vows retaliation over U.S. sanctions
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concer...
California Governor Gavin Newsom is asking Congress for nearly $40 billion in disaster funding to help Los Angeles recover and rebuild areas scorched by last month's devastating wildfires, the Washington Post reported on Friday citing a letter.
"It's going to take an all-hands-on-deck approach to rebuild from the devastating fires in LA," Newsom said in a post on social media platform X that tagged the report.
"I'm asking Congress to have the back of the American people and provide disaster funding to help Californians recover and rebuild as soon as possible," he said, opens new tab, confirming the letter first reported by the Washington Post.
The Pacific Palisades neighborhood of Los Angeles and Altadena on the eastern flank of the metropolis were the sites of the worst of the January blazes. At least 29 people died in the fires that damaged or destroyed more than 16,000 structures.
"The total impact on California's economy will take years to fully quantify," Newsom wrote in the letter to congressional leaders according to the newspaper report.
Newsom also said in the letter that California may request more funds in the future, but that the dollars requested "will directly support these communities in both the immediate and long-term recovery work needed to rebuild lives and properties."
The biggest part of the funding request includes $16.8 billion to cover fire response costs, debris removal, and the repair of roads, bridges, public buildings and utilities, according to the report.
Newsom also asked for an additional $9.9 billion to help rebuild housing and infrastructure, the report said.
In a meeting with U.S. President Donald Trump earlier this month, the California Governor urged him to support federal disaster relief for his state.
Private forecaster AccuWeather projects damage and economic losses from the wildfires at more than $250 billion, which would make them the costliest natural disaster in U.S. history.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Canada has announced nearly $20 billion in retaliatory tariffs on U.S. goods and billions in support for workers and businesses, escalating its trade dispute with Washington after President Donald Trump's latest duties took effect.
Pakistani exporters are facing soaring shipping costs to the U.S., with freight rates more than tripling on some routes as the Iran-U.S. conflict drives up war-risk insurance and fuel costs.
The trial of a Libyan man accused of building the bomb that destroyed Pan Am Flight 103 over the Scottish town of Lockerbie in 1988, killing 270 people, has been postponed by a U.S. federal judge.
France and Saudi Arabia have agreed on plans for a $7 billion manga-themed amusement complex near Paris, inspired by the hugely popular Japanese franchise Dragon Ball Z.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment