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☆ Burkina Faso extends military rule for five years
▼ + stars: | 2024-05-27 | by ( Martin Goillandeau | ) edition.cnn.com time to read: +1 min

CNN —Burkina Faso’s military regime will extend its rule by five years under a new agreement reached during national consultations on Saturday, the talks’ chairman Colonel Moussa Diallo said on state television. A video of Traore signing the amended accord in front of a cheerful crowd was broadcast on Burkinabè state TV on Saturday. Most political party activities have been suspended in the country under the military rule. Burkina Faso, plagued by recurrent jihadist violence that has claimed thousands of lives for almost a decade, has seen two military coups in 2022. The first one in January brought Lieutenant-Colonel Paul Henri Sandaogo Damiba to power, before being himself overthrown in September of the same year by Captain Traoré.

Persons: Moussa Diallo, Diallo, Captain Ibrahim Traore, Traore, Paul Henri Sandaogo Damiba, Captain Traoré Organizations: CNN, Burkina, Agence d’Information du Burkina, AIB Locations: Burkina Faso

☆ Top U.S. Official Visits Israel as Allies Urge Limits on Rafah Incursion
▼ + stars: | 2024-05-19 | by ( Matthew Mpoke Bigg | ) www.nytimes.com time to read: +4 min

The United States has repeatedly called on Israel not to launch a full-scale invasion of Rafah, the southernmost city in Gaza. Earlier this month, President Biden said in an interview with CNN that the United States would not supply weapons for a major Israeli offensive in Rafah. Hamas said its fighters had fired on Israeli troops in eastern Rafah and close to the Rafah border crossing with Egypt. In the interim, tensions between the United States and Israel over the Rafah invasion and Israel’s conduct of the war have escalated. Mr. Sullivan is expected to try to advance the deal in his meeting with the Israeli leader.

Persons: Jake Sullivan, Benjamin Netanyahu, John Kirby, Sullivan, Netanyahu, Elizabeth Frantz, Biden, Lloyd Austin, Antony J, Blinken, Crown Prince Mohammed bin Salman, Prince Mohammed, Vivian Nereim Organizations: U.S, Sunday, United, White House, Washington . Credit, Reuters, CNN, Crown, Saudi Press Agency Locations: United States, Israel, Rafah, Gaza, Washington ., Egypt, Qatar, Saudi Arabia, Palestinian, U.S, Saudi

☆ Why a Brazilian UFC star is championing a dead Austrian economist
▼ + stars: | 2024-04-28 | by ( David Shortell | ) edition.cnn.com time to read: +7 min

In recent years, the free-market economist and the contrarian Austrian school he led midcentury have been turned into a hashtag deployed by tax-wary workers. Ludwig von Mises From Mises Institute“Ludwig von Mises is Latin America’s leading economist,” declared the headline of a Bloomberg opinion piece earlier this month by economist Tyler Cowen. His free-market policy prescriptions, framed by an economic thinking centered on human behavior and individual choice, were widely considered out of fashion at the time. “That is my jam!” Shapiro said of the Austrian school. “If you start to understand the concept of the Austrian economic school,” Moicano said in a recent YouTube video, “you’re going to understand that’s what I need: free market, liberties, and wealth, my brother.

Persons: Renato Moicano, “, Ludwig von Mises, ” Moicano, Mises, midcentury, influencers, “ Ludwig von Mises, ”, Tyler Cowen, Marx, Camila Rocha, Moicano, Jair Bolsonaro, Javier Milei, Fabrice Coffrini, Milei, “ Milei, Daniel Raisbeck, Raisbeck, Milton Friedman, ” Mises, El, Nayib Bukele, Amanda Andrade, Rhoades, Rocha, Ben Shapiro, ” Shapiro, It’s, “ you’re Organizations: CNN — Brazilian UFC, Austrian, Mises, “, Bloomberg, New York University, Brazilian Center of Analysis, UFC, Economic, Cato Institute, Argentina national, Salvador, Conservative Political, Conference, Mises Institute, Mises Institutes, Fox Business, YouTube Locations: Austrian, United States, South, Central America, American, El Salvador, Argentina, Brazil, Davos, AFP, Milei, Buenos Aires, Mises, National Harbor , Maryland, Washington, Latin America

☆ Tens of thousands protest as Milei’s austerity measures hit Argentina’s public universities
▼ + stars: | 2024-04-24 | by ( Abel Alvarado | ) edition.cnn.com time to read: +3 min

CNN —More than a hundred thousand protesters took to the streets of Buenos Aires and other cities in Argentina Tuesday to demand President Javier Milei increase funding for public universities. The University of Buenos Aires (UBA) said in a statement that around 800,000 people took part in the protests in Buenos Aires, while Milei’s government claimed there were 150,000 protesters, according to local media. Milei’s government has defended its decision to freeze the 2023 budget for public universities, announcing increases only in operating expenses, which according to the UBA account for just 15% of spending needs. Students, teachers and political leaders take part in a march against budget cuts to universities in Buenos Aires on April 23. In January, labor unions organized a nationwide general strike against austerity measures and reforms, and thousands took to the streets to protest.

Persons: Javier Milei, Milei, ”, Luciano Gonzalez, ” Milei Organizations: CNN, University of Buenos, Anadolu Agency, Getty, Ministry, Argentina Catholic University, Argentina national Locations: Buenos Aires, Argentina, University of Buenos Aires, Argentine

Sitting together last month, Graham and MBS spoke with Trump for roughly five minutes, two people familiar with the call told CNN. The call encapsulates how Trump looms over an agreement that US, Israeli and Saudi officials all see as vital to achieving lasting stability in the Middle East. Graham informed Biden officials of the call between MBS and Trump and says they understand why he wants to keep Trump in the loop. With the election looming and the region engulfed by turmoil over Israel’s war in Gaza, the window of opportunity is rapidly shrinking, people involved in the negotiations told CNN. “I think President Trump understands this is building on what he did,” Graham told CNN.

Persons: South Carolina Republican Sen, Lindsey Graham, Prince Mohammad Bin Salman, — Donald Trump, Graham, Joe Biden, Salman, Biden’s, Trump, Abraham, Biden, Donald Trump, Saudi Crown Prince Mohammed bin Salman, Evan Vucci, ”, ” Trump, “ They’re, That’s, “, ” Graham, Jamal Khashoggi, Sen, X.com Graham, Bibi Netanyahu, Benny Gantz, Jake Sullivan, Amos Hochstein, Antony Blinken, Jake, ” CNN’s Alex Marquardt Organizations: CNN, South Carolina Republican, Biden Administration, Trump, Saudi, Abraham Accords, Saudi Crown, White, MBS, New York Times, Biden, Republican, Graham, Saudi Press Agency, Israel, President’s National, US Locations: Saudi Arabia, Israel, Iran, Saudi, Palestine, Bahrain, UAE, Washington, Gaza, Riyadh, NATO, Palestinian

Central Bank is ‘mechanism of fraud’Milei also reiterated his intention to shut down the country’s central bank, calling the institution a “mechanism of fraud.”“A central bank is a fairly recent invention. Milei admitted his reform push has stalled in Argentina’s Congress in recent weeks, but his government maintains the intention to close the central bank within three years. In the interview, Milei claimed his government’s greatest success since entering office in December has been to beat the hyper-inflation and achieve a fiscal surplus for the first time in years. Milei celebrated Argentina’s fiscal surplus, achieved last month for the first time in years, and said that fiscal stability is “a beacon” of his government. Argentina’s poverty rate is over 50%, according to a report from the Argentina’s Catholic University in Buenos Aires.

Persons: ” “, Gustavo, Petro, Javier Milei, Andrés Oppenheimer, Miami Herald –, Colombia’s, Milei, ”, Andrés Manuel López Obrador, ” López Obrador, López Obrador, Argentinians “, ” “ Israel, ” Milei, Benjamin Netanyahu, Donald Trump, “, it’s, Oppenheimer, ’ Milei, Argentina’s Organizations: CNN, Colombian, Colombian Foreign Ministry, Miami Herald, Israel, ” Defense, Trump, Israeli, Republican, Democrats, Central Bank, Ulysses, Argentina national, Argentina’s Catholic University Locations: Bogotá, Argentine, Gaza, Israel, Buenos Aires, United States, Argentina’s

☆ Saudi Arabia to chair UN forum on women’s rights and gender equality
▼ + stars: | 2024-03-28 | by ( Jennifer Hauser | ) edition.cnn.com time to read: +2 min

CNN —A decision by the United Nations to appoint Saudi Arabia as the chair of a gender equality forum has been criticized by women’s rights advocates. The UN’s Commission on the Status of Women (CSW) unanimously appointed Saudi Arabia to chair its 69th session in 2025, according to the Saudi Arabia Mission to the UN. “The Commission on the Status of Women has a clear mandate to promote women’s rights and gender equality and it is vital for the chair of the commission to uphold this. “Saudi Arabia cannot prove its commitment to women’s rights merely by securing a leadership role in the commission. The Saudi government website “Saudi Vision 2030” says it aims for “a strong, thriving, and stable Saudi Arabia that provides opportunity for all.”The Saudi Press Agency added, “The Saudi Vision 2030 also included priorities and targets that focused on women’s full participation at all levels and investing their energies in a manner consistent with their enormous capabilities.”

Persons: Abdulaziz Alwasil, Tadros, ” Tadros, “, persecutes Organizations: CNN, United Nations, Saudi Arabia Mission, UN, Amnesty International, Rights Watch, Saudi Press Agency, Saudi Locations: Saudi Arabia, Saudi, “ Saudi Arabia

☆ Around 170 ‘executed’ in three Burkina Faso villages, public prosecutor says
▼ + stars: | 2024-03-04 | by ( Nimi Princewill | Eve Brennan | ) edition.cnn.com time to read: +1 min

CNN —Around 170 people have been “executed” in attacks on three villages in Burkina Faso’s northern Yatenga province, the regional public prosecutor has said. Aly Benjamin Coulibaly said in a statement on Friday that his office was initially informed of the “massive murderous attacks” in the villages of Komsilga, Nodin and Soroe on February 25. At least 15 Muslims and 15 Catholics were killed when “hordes of terrorists launched simultaneous attacks” on Tankoualou and Essakane villages, the government press agency Agence d’Information du Burkina (AIB) reported last week. Large areas of the north and east of Burkina Faso have become ungovernable since 2018. Millions have fled their homes, fearing further raids by gunmen who frequently descend on rural communities on motorbikes.

Persons: Aly Benjamin Coulibaly, Coulibaly Organizations: CNN, Agence d’Information du Burkina, AIB, European Union, Islamic Locations: Burkina Faso’s, Yatenga province, Komsilga, Soroe, West, Mali, Sahel, Burkina Faso

☆ Oil prices slip after OPEC+ extends voluntary oil output cuts until mid-year
▼ + stars: | 2024-03-04 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: 1 min

Oil prices edged lower Monday after oil cartel OPEC+ agreed to extend voluntary output reductions until the second quarter, in an effort to support the short-term stability of crude markets. Global benchmark Brent slipped 0.05% to $83.52 a barrel Monday, while U.S. West Texas Intermediate futures traded down 0.19% at $79.82 per barrel. OPEC+ announced on Sunday that the 2.2 million barrels per day of voluntary output cuts that were planned for the first quarter of this year will continue into the next quarter. OPEC+ kingpin and de facto leader Saudi Arabia said it will prolong its voluntary cut of 1 million barrels per day until the end of the second quarter, state-owned Saudi Press Agency said Sunday. Riyadh's crude production will stand at approximately 9 million barrels per day until the end of June.

Persons: Brent Organizations: OPEC, Global, U.S, West Texas Intermediate, Saudi Press Agency Locations: OPEC, Saudi Arabia

☆ Saudi Arabia, Russia and several OPEC+ producers extend voluntary crude supply cuts until end of June
▼ + stars: | 2024-03-03 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman al-Saud gesture upon his arrival at the 8th OPEC International Seminar in Vienna on July 5, 2023Heavyweights Saudi Arabia and Russia, alongside several other key OPEC+ producers, will extend their voluntary crude supply cuts until the end of the second quarter. Saudi Arabia will stretch out its voluntary crude production cut of 1 million barrels per day until the end of the second quarter, the state-owned Saudi Press Agency said Sunday, citing an official source from the country's Ministry of Energy. Riyadh's crude production will be approximately 9 million barrels per day until the end of June, the announcement said. Back in November, OPEC+ countries had held a formal policy of collectively reducing their output by 2 million barrels per day until the end of 2024. Unlike formal policy changes, voluntary cuts do not require the group's unanimous consent during an official meeting and bypass the need to distribute production cuts or increases among OPEC+ members.

Persons: Energy Prince Abdulaziz bin Salman al, Saud, Alexander Novak, —, Prince Abdulaziz bin Salman Organizations: Saudi, Energy, OPEC, Organization for, Petroleum, Saudi Press Agency, country's Ministry of Energy, Tass, Moscow, Google, INA, Hamas, Saudi Energy Locations: Vienna, Saudi Arabia, Russia, OPEC, Riyadh, Moscow, Russian, Iraq, UAE, Iran, Gaza, China, Aramco

☆ OPEC to Extend Oil Production Cuts Through June
▼ + stars: | 2024-03-03 | by ( Stanley Reed | ) www.nytimes.com time to read: +1 min

Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries, said Sunday that it would extend cuts in oil production through June, noting that it was acting “in coordination with some” other states. The decision to keep output cuts in place was expected and appears intended to bolster what might otherwise be weak oil prices. Some analysts forecast that the supply of oil will exceed demand in the first half of this year. Without continued cuts, prices might sink. Saudi Arabia described the move as “precautionary.” Holding back oil production has “the aim of supporting the stability and balance of oil markets,” the kingdom said in a statement carried by the official Saudi Press Agency.

Persons: ” Organizations: Organization of, Petroleum, United Arab Emirates, Saudi Press Agency Locations: Saudi Arabia, Saudi, Kuwait

☆ King Charles’ cancer diagnosis: How much should the public be told?
▼ + stars: | 2024-02-07 | by ( Lauren Said-Moorhouse | Max Foster | ) edition.cnn.com time to read: +26 min

King Charles and Queen Camilla are seen leaving Clarence House in London on February 6, the day after it was announced King Charles had been diagnosed with cancer. But Queen Elizabeth and King Charles, they do not want to become the story, they still want to serve their public. In the fullness of time, I would like to think King Charles will talk about his treatment.”Britain's King Charles III poses for a portrait in Buckingham Palace's Throne Room after his official coronation in May 2023. From left are Camilla, Duchess of Cornwall; Prince Charles; Queen Elizabeth II; Prince Philip; Prince William; and Catherine, Duchess of Cambridge. From left are Prince Charles; the Queen; Prince Louis; Catherine, the Duchess of Cambridge; and Princess Charlotte.

Persons: London CNN — Britain’s King Charles III, Buckingham, Charles, King Charles, Queen Camilla, Clarence, Toby Melville, King, Rishi Sunak, Sunak, “, Sunak’s, Charles ’, Chris Jackson, ”, Kate Williams, Joe Biden, Matthew Chattle, survivorship, “ Jill, “ You’re, Anil Rustgi, Herbert, ” Rustgi, Sally Bedell Smith, George VI, ” King George VI, Prince Charles, Prince Harry, Emily Nash, It’s, Princes William, Harry, Andrew, Edward, Anne, Beatrice, Nash, Princess, Wales, She’s, hasn’t, Catherine, ” Williams, Kristina Kyriacou, ITV’s, They’ve, Kyriacou, she’d, Queen Elizabeth, ” Britain's King Charles III, Hugo Burnand, Princess Elizabeth, Elizabeth, Prince Philip, Prince Charles and Princess Anne, Eddie Worth, Margaret, Hulton, Sir Gerald Creasy, Paul Popper, Princess Margaret, Queen Elizabeth II, Prince, Popperfoto, Prince Edward, Princess Anne, Richard Nixon, William Lovelace, Serge Lemoine, David McFall, Anwar Hussein, Tim Graham, Camilla Parker Bowles, Lady Diana Spencer, Princess Diana, William, Diana, David Levenson, Johnny Eggitt, Nelson Mandela, David Thomson, Princess Diana's, Jayne Fincher, Thomas Coex, Adrian Dennis, Chris Ison, Prince of, Camilla, Matt Dunham, Prince William, Kate Middleton, James Devaney, FilmMagic, Andrew Milligan, Barack Obama, Chris Radburn, Duchess of Cornwall, Catherine , Duchess of Cambridge, Dominic Lipinski, Alessandro Bianchi, Mohd Rasfana, Andrew Parsons, Prince Charles , Prince Andrew, Duchess Camilla, Meghan Markle, Jonathan Brady, Max Mumby, He's, Prince George, Princess Charlotte, Prince Louis, Meghan, PoolAP Charles, Tim P, Paul Chiasson, Ben Stansall, Duchess, Cambridge, Hannah McKay, Reuters Charles, Liz Truss, Yui Mok, Queen Consort, Victoria Jones, Volodymyr Zelensky, Zelensky, Aaron Chown, Handout, Dan Kitwood, Andrew Matthews, Sarah Tilotta, Toby Hancock, CNN Charles, Giles, Jane Barlow, Emmanuel Macron, Benoit Tessier, Peter Nicholls, Britain's King Charles III, Estelle Paranque Organizations: London CNN, Clarence House, Reuters, CNN, BBC, British, Getty, Royal, Publishing, Macmillan Cancer, Cancer Research, Herbert Irving Comprehensive Cancer, Presbyterian, Columbia University Irving Medical Center, Topical Press Agency, Royals, CNN’s Royal, Buckingham Palace, Central Press, Hulton, Hulton Deutsch, Westminster Abbey, Keystone, Royal Navy, Queen, Trinity College , Cambridge, Bettmann, Hulton Royals, Cheshire Regiment, Spice, Westminster Hall, Royal Horticultural Society's, Chelsea, London Palladium, BBC Scotland's, Office, Zephyr, Army Air Corps, Sandringham, Royal Air Force, Whitby, Imperial State Crown, Royal Military Academy Sandhurst, Cathedral, Scotland, King, London Clinic, Northeastern University London Locations: London, British, Dubai, United Arab Emirates, Buckingham Palace, United Kingdom, NewYork, Queen, Windsor, Wales, Buckingham, Malta, Westminster, France, Washington, Kenya, West Berlin, Canada, Cirencester, England, Canterbury, India, Manchester, Papua New Guinea, Toronto, AFP, Balmoral, Balmoral , Scotland, Paris, Ashbourne, Ranville, Prince of Wales, Amatrice, Borneo, St, John's, Newfoundland, Labrador, Nyamata, Rwanda, St James's, Hamburg, Germany, Edward's, Edinburgh, Scotland, of Versailles, Versailles

☆ 2 ocean-tech companies are competing in a multimillion-dollar race to find Amelia Earhart's wreckage. One says it may be near the finish line.
▼ + stars: | 2024-02-06 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +10 min

Read previewThe race is on to find the wreckage of Amelia Earhart's ill-fated final flight. Tony Romeo and his company, Deep Sea Vision, discovered an object of similar size and shape to Amelia Earhart's iconic plane, deep in the Pacific Ocean. Deep Sea VisionRomeo says he may have solved the mystery with his sonar scans. The same aircraft radio receiver used by Amelia Earhart was recreated by Nauticos as they researched Earhart's final transmissions. Deep Sea Vision now leases its equipment to other ocean explorers to continue funding its mission.

Persons: —, Amelia Earhart's, Tony Romeo, Earhart, Fred Noonan, Romeo, he's, we've, there'll, it'll, Lockheed Electra, Nauticos, Jeff Morris, Amelia Earhart, Morris, I'm, David Jourdan, Tony, You'll Organizations: Service, US Air Force, Business, Smithsonian, Lockheed, Lockheed Electra, Coast Guard, Topical Press Agency, Getty Locations: South Carolina, Howland, Hawaii, Australia, Connecticut, Itasca, Howland Island, Norwegian, Kongsberg

“The group participants remain detained at the immigration center in a shared cell with 80 people,” the post said. The seven band members were arrested last Thursday after playing a concert on the southern resort island of Phuket, reportedly for not having proper working papers. After paying a fine, the band members were sent to the Immigration Detention Center in Bangkok. The detained musicians “include Russia citizens as well as dual nationals of Russia and other countries, including Israel and Australia,” the group Human Rights Watch said in a statement Tuesday. Andrei Lugovoi, a member of the lower house of Russia's parliament, called the band members “scum” for their criticism of Russia's military operations in Ukraine.

Persons: Ilya Ilyin, “, ”, Elaine Pearson, Vladimir Putin, Dmitry Gudkov, Gudkov, Andrei Lugovoi, ” Lugovoi, Alexander Litvinenko Organizations: —, Facebook, RIA Novosti, Immigration Detention, Human Rights Watch, Rights Watch, AP, Kremlin, Russian Foreign Ministry, YouTube, Spotify Locations: BANGKOK, Ukraine, Russia, Israel, Russian, Phuket, Bangkok, Australia, Asia, ”, Britain, London

☆ The Russian government and its central bank are publicly disagreeing on how to handle the economy
▼ + stars: | 2024-01-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

On the same day, Russia's central bank said the impact of the measures is moderate, and they shouldn't be extended. AdvertisementRussian officials are publicly arguing about capital controls, highlighting disagreement in the country's elite class about how to handle its sanctions-stressed economy. AdvertisementIt's not the first time Russian government officials and the country's central bank have aired their disagreements in public. Elvira Nabiullina, Russia's central bank governor and Putin's top technocrat for the economy, pushed back against the criticism, saying the ruble's slide was due to changing trade flows in and out of Russia amid sanctions. Advertisement"Blaming the central bank is like a drunkard's search — looking for the guilty where the light is," she said at the time.

Persons: Putin, —, Vladimir Putin, Andrei Belousov, Elvira Nabiullina Organizations: Service, Telegram Locations: Russia, Russia's, Russian

☆ Step inside Emma Stone’s century-old, sunlit LA home, just listed for $4 million
▼ + stars: | 2024-01-19 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +2 min

CNN —Emma Stone has just finished playing a morally complicated home-flipper in the first season of “The Curse,” and now the actor is selling her own newly-renovated Los Angeles abode. Ryan Lahiff/Sotheby’s International RealtyStone expanded the vaulted kitchen with eat-in dining. Ryan Lahiff/Sotheby’s International RealtyPops of color and maximalist touches give the home a cheery feeling. Ryan Lahiff/Sotheby’s International RealtyThe bathroom, with a claw foot tub, is full of charm and sunlight. Ryan Lahiff/Sotheby’s International Realty

Persons: Emma Stone, Stone, ”, Eric Lavey, Xavier Collin, Lavey, “ It’s, “, ” Stone, Dave McCary, Ryan Lahiff Organizations: CNN, Image Press Agency, Stone Locations: Los Angeles, Los Angeles , New York, Austin , Texas, —, Arizona, New York, Texas

☆ Analysis: The 2023 stock rally is back on track
▼ + stars: | 2023-12-01 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —The US stock market has rebounded from its months-long rut. Stocks finished out their best month of the year on Thursday, breaking a three-month streak of declines for all the major indexes. “The only way I see a rally continuing is if the bond market behaves itself,” said Richard Steinberg, chief market strategist at The Colony Group. While those stocks have remained at the top of Wall Street’s scoreboard, the recent rally has encompassed a wider range of stocks. Long-neglected pockets of the stock market, from beaten-down financials to small-caps to cyclical stocks, have climbed higher in recent weeks.

Persons: Stocks, ”, Richard Steinberg, “, Santa Claus, Ned Davis, Anna Cooban, Elisabeth Buchwald, Nelson Peltz, Nelson Peltz’s, Bob Iger, ” Trian, Trian, Trian’s, Morgan Stanley, James Gorman, Sky Jeremy Darroch, ” Read Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Nasdaq, Dow Jones, Treasury, The Colony, Wall Street, Ned Davis Research, Organization of, Petroleum, Saudi Press Agency, Ministry of Energy, Saudi, United Emirates, Reuters, Disney, Management, Peltz, Sky Locations: New York, Santa, OPEC, Saudi Arabia, Vienna, Russia, Iraq, United, Kuwait, Kazakhstan, Algeria, Oman, Brazil, Brazil’s

☆ U.S. crude declines as skepticism mounts over OPEC+ cuts
▼ + stars: | 2023-11-30 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

U.S. crude declined Thursday, erasing early gains, as traders grew more convinced that OPEC+, a group composed of OPEC plus its oil-producing allies, will not deliver on promised output cuts. Riyadh agreed to extend its voluntary production cut of 1 million barrels per day, a source in the Energy Ministry told the Saudi Press Agency. Iraq is cutting by 223,000 bpd, the United Arab Emirates 163,000 bpd, Kuwait 135,000 bpd, Kazakhstan 82,000 bpd, Algeria 51,000 bpd and Oman 42,000 bpd. OPEC+ has a major problem when it comes to cohesion and compliance on output cuts, said John Kilduff of Again Capital. "They have their hands full and to me it's not going to prove to be a winning strategy for them," he said of the output cuts.

Persons: Brent, Alexander Novak, Phil Flynn, Flynn, John Kilduff, Kilduff, CNBC's, it's Organizations: West Texas Intermediate, Energy Ministry, Saudi Press Agency, United Arab Emirates, Traders, Price Futures, U.S, OPEC, CNBC PRO Locations: OPEC, Saudi Arabia, Riyadh, Iraq, Kuwait, Kazakhstan, Algeria, Oman, Russia, Asia, China

☆ Dow gains 520 points as US stocks notch their best month this year
▼ + stars: | 2023-11-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

New York CNN —The Dow reached a new high for the year Thursday as easing inflation data and strong third quarter earnings from Salesforce shot the benchmark index 520 points, or 1.5% higher. The S&P 500 rose more than 8% this month and the Nasdaq was up about 10%, marking their best month since July 2022. The Dow, meanwhile, managed to shake off a three-month losing streak, also rising by about 8.8% and notching its best month since October 2022. October’s Personal Consumption Expenditures Index, the Fed’s favored inflation gauge, fell to its lowest level since the spring of 2021. Analysts expect that the stock market’s strong performance will continue through December in a so-called Santa Claus rally.

Persons: Dow, John Williams, it’s, Santa Claus, “, ”, Cory Mitchell Organizations: New, New York CNN, Nasdaq, Nvidia, Meta, of Labor, Federal Reserve, New York Fed, Saudi Press Agency, Analysts Locations: New York, United States, Saudi Arabia, Santa

Speaking to parliament, Scholz went into Germany's recent history of the COVID pandemic, the war in Ukraine and soaring energy prices to extend a suspension of self-imposed borrowing limits to tackle a crisis that has knocked his coalition. A constitutional court ruling nearly two weeks ago blocked the government's plans to reallocate unused pandemic funds towards green initiatives and industry support, raising fears Germany's economy could be further weakened. Scholz's assurances that his government would solve the budget crisis with care were met with jeers and laughter from the opposition Christian Democrats (CDU), whose lawsuit against the government had sparked the earlier court ruling. He underscored support for Ukraine, after the recent budget turmoil raised questions over how much military aid Berlin was willing to commit. "It is also clear that we must not let up in our support for Ukraine and in overcoming the energy crisis.

Persons: Olaf Scholz, Christian Lindner, Robert Habeck, Friedrich Merz, Scholz, Germany's, Berlin, Scholz's, " Merz, Andreas Rinke, Christian Kraemer, Miranda Murray, Rachel More, Matthias Williams, Kirsti Knolle, Bernadette Baum Organizations: Climate, Christian Democratic Union, CDU, Bundestag, Christian Democrats, Ukraine, Finance, Thomson Locations: BERLIN, Ukraine, Germany, East Germany

☆ Israel-Hamas war live updates: Israel's raid on al-Shifa hospital continues; Israeli president says 'strong force' to be needed in Gaza
▼ + stars: | 2023-11-16 | by ( Ruxandra Iordache Katrina Bishop | Ruxandra Iordache | Katrina Bishop | ) www.cnbc.com time to read: +1 min

Israeli President Isaac Herzog addresses a joint meeting of the U.S. Congress at the U.S. Capitol on July 19, 2023 in Washington, DC. The IDF said it found Hamas grenades and assault rifles inside the hospital, although CNBC has not been able to verify the claims. Hamas rejected accusations that it has been using the hospital for military purposes, describing the claims as nothing but "lies and cheap propaganda." Meanwhile, Israel's President Isaac Herzog warned that a "very strong force" will be needed in Gaza in the near future, as the country seeks to avoid a return to power of the militant group Hamas. We can't leave a vacuum ... No one will want to turn this place, Gaza, into a terror base again."

Persons: Isaac Herzog, Herzog Organizations: U.S, Congress, Capitol, Israel Defense Forces, Palestinian National, CNBC, Hamas Locations: Washington , DC, Gaza

Mahmoud Abbas, leader of the Palestinian Authority, attending an emergency meeting in Riyadh. Photo: SAUDI PRESS AGENCY/AFP via Getty ImagesIsrael is diverging from the U.S. and Arab world on a postwar solution for Gaza, after Prime Minister Benjamin Netanyahu ruled out a role for the Palestinian Authority, which Washington and some Arab leaders prefer to take over from Hamas. Netanyahu, under pressure from his right-wing political base, said Saturday Israel wants a solution other than the Palestinian Authority, led by President Mahmoud Abbas . The Israeli leader didn’t put forward an alternative, saying only that Israel wants to avoid governing Gaza and needs to maintain security control over the strip after it defeats Hamas, which Netanyahu has sworn to do.

Persons: Mahmoud Abbas, Benjamin Netanyahu, Netanyahu, Israel, didn’t Organizations: Palestinian Authority, Photo, SAUDI PRESS, Getty Images Israel Locations: Riyadh, U.S, Gaza, Washington

☆ Erdogan says legal amendment could be needed to solve Turkish judicial crisis
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +3 min

Turkey's President Tayyip Erdogan attends Organisation of Islamic Cooperation (OIC) summit in Riyadh, Saudi Arabia, November, 11, 2023. "It is not difficult to make legal arrangements regarding individual applications (to the Constitutional Court)," Erdogan told reporters on a flight back from Saudi Arabia, according to a text published by his office on Sunday. "But the work is not done after completing the legal amendments on individual applications," he added, signalling that more legal changes on the matter could be considered. At issue is a ruling by the Constitutional Court last month that jailed parliamentarian Can Atalay should be released. In response to the Constitutional Court ruling, the Court of Cassation said the Constitutional Court's ruling was unconstitutional.

Persons: Tayyip Erdogan, Erdogan, Osman, Cassation, Ozgur Ozel, Huseyin Hayatsever, William Maclean Organizations: Islamic Cooperation, Saudi Press Agency, Handout, Rights, Constitutional, Cassation, CHP, Thomson Locations: Riyadh, Saudi Arabia, Rights ANKARA

☆ Turkey calls for international conference to reach permanent peace in Middle East
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +3 min

Turkey's President Tayyip Erdogan arrives to attend Organisation of Islamic Cooperation (OIC) summit in Riyadh, Saudi Arabia, November, 11, 2023. Saudi Press Agency/Handout via REUTERS Acquire Licensing RightsANKARA, Nov 11 (Reuters) - Turkey's President Tayyip Erdogan said on Saturday that an international peace conference should be convened to find a permanent solution to the conflict between Israel and the Palestinians. Erdogan was addressing a joint Islamic-Arab summit in Saudi Arabia's capital Riyadh, where leaders gathered to urge Israel to end hostilities in Gaza. A permanent solution to the conflict between Israel and Palestinians depends on the formation of a Palestinian state based on 1967 borders, Erdogan said. "We believe that an international peace conference will provide the most suitable basis for this.

Persons: Tayyip Erdogan, Erdogan, Saudi Arabia's Crown Prince Mohammed bin Salman, Abdel Fattah al, Sisi, Israel, Amihay Eliyahu's, Benjamin Netanyahu, Eliyahu, Huseyin Hayatsever, Kirsten Donovan, Christina Fincher Organizations: Islamic Cooperation, Saudi Press Agency, Handout, REUTERS Acquire, Rights, Saudi Arabia's Crown, Israel's, International Atomic Energy Agency, Federation of American, Thomson Locations: Riyadh, Saudi Arabia, Rights ANKARA, Israel, Saudi Arabia's, Gaza, Turkey, United States, Britain, Palestinian

☆ Fact Check: Video does not show Hamas forcefully recruiting people from their homes
▼ + stars: | 2023-11-10 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A video of United Arab Emirates (UAE)-backed forces raiding a civilian’s house in Yemen has been falsely shared online as showing Hamas militants forcefully entering houses in Gaza to recruit men to fight against Israel in the war that started on Oct. 7, 2023. The video shows armed men dressed in military-style camouflage forcing their way into a home and taking a man into their custody, after which they search the house while a woman can be heard protesting and several children look on. The same video, however, was shared on social media (archived) on Oct. 3, predating the Hamas attack on Israel, with reference to a region that includes eastern Yemen. Video shows UAE-backed militias forcing their way into the house of a civilian in Yemen, not Hamas militants forcefully recruiting Palestinians to fight. This article was produced by the Reuters Fact Check team.

Persons: Read Organizations: United Arab Emirates, Israel, Israeli Army, Twitter, Yemen Press Agency, Reuters, Thomson Locations: UAE, Yemen, Gaza, Israel, Mukalla

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