Wall Street ends week lower as tech shares retreat
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices....
Start your day informed with AnewZ Morning Brief: here are the top news stories for 1st July, covering the latest developments you need to know.
1. Trump to host Netanyahu at The White House on 7 July
Israeli Prime Minister Benjamin Netanyahu will visit The White House next week for talks with President Donald Trump, a U.S. official said on 30 June.
The 7 July visit – Mr Netanyahu’s third since Mr Trump returned to power in January.
A Trump administration official confirmed the visit to AFP on condition of anonymity.
2. IMF approves $500 million for Ukraine, warns of 'exceptionally high' risks
The International Monetary Fund (IMF) on Monday approved the disbursement of an additional $500 million to Ukraine, following the completion of its eighth review under the country’s $15.5 billion Extended Fund Facility.
The move brings total IMF disbursements to Ukraine under the four-year programme to $10.6 billion.
The IMF Board's approval comes amid ongoing war-related challenges, with the Fund reiterating its warning that Ukraine continues to face "exceptionally high" risks to its economic outlook due to Russia's ongoing invasion.
3. At least 12 dead in pharmaceutical factory blast in India
At least 12 people have been killed and dozens more injured following an explosion and fire at a pharmaceutical factory in the southern Indian state of Telangana, officials said on Monday.
The blast occurred at a Sigachi Industries facility in Sangareddy district, around 60 kilometres from Hyderabad. Local media showed black smoke rising from the ruins of the factory, which was reduced to rubble.
4. Saudi Arabia may raise August oil prices to Asia to 4-month high
Saudi Arabia, the world's biggest oil exporter, may raise its August crude oil prices for buyers in Asia to the highest in four months, after spot prices surged during the Iran-Israel conflict and on robust summer fuel demand, trade sources said.
The August official selling price (OSP) for flagship Arab Light crude may increase by 50-80 cents to between $1.70 and $2 a barrel from the previous month, five sources from four refineries said in a Reuters survey.
5. China-Kyrgyzstan-Uzbekistan railway project launched
The China-Kyrgyzstan-Uzbekistan railway construction has officially begun in Kyrgyzstan, a major step in regional infrastructure development. The project was announced by the Cabinet of Ministers of Kyrgyzstan, according to Trend.
Deputy Prime Minister Bakyt Torobaev convened a meeting with key stakeholders to review the project's progress.
The Oligarch’s Design is an investigative documentary exploring how financial power, political influence and carefully constructed narratives can shape conflict and public perception.
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
The resignation of Bulgaria's government on Thursday (11 December) puts an end to an increasingly unpopular coalition but is likely to usher in a period of prolonged political instability on the eve of the Black Sea nation's entry into the euro zone.
Thailand’s caretaker Prime Minister Anutin Charnvirakul said on Saturday that Thai forces would continue military action along the Cambodia border until Bangkok believes there is no longer a threat to Thai territory or civilians.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
EU foreign policy chief Kaja Kallas has warned that without concrete concessions from Russia, such as limiting its military forces or curbing its defence budget, new conflicts could erupt elsewhere, even if Ukraine receives security guarantees.
Multiple people were shot on Saturday at Brown University in Providence, Rhode Island, prompting an active shooter alert and a campus lockdown, city officials said.
The latest round of clashes between Thailand and Cambodia has left 15 Thai soldiers dead and 270 others injured, Thailand’s Ministry of Defence spokesman Surasant Kongsiri said at a press conference on Saturday.
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