
Saudi Arabia Borrowing Rate Hits Record High, Hitting Businesses
A key gauge of borrowing costs in Saudi Arabia has risen to a record, potentially hitting businesses and
2023-08-01 15:22

Ukraine-Russia war – live: Moscow skyscraper hit by second drone attack in two days
A skyscraper in Moscow was the target of a drone attack for the second time in two days, as Volodymyr Zelensky warned Vladimir Putin the "war is returning" to Russia. Russia’s defence ministry claimed its anti-aircraft units downed drones headed for Moscow, but one of them ended up hitting the same high-rise building that was struck last Sunday. Mayor Sergei Sobyanin said that while the attack damaged the facade of the skyscraper’s 21st floor, it didn’t cause any injuries. Ukraine almost never publicly claims responsibility for attacks inside Russia or on Russian-controlled territory in Ukraine, but has increasingly highlighted how destroying Russia’s military infrastructure helps Kyiv’s counteroffensive. This comes as a 10-year-old girl and her mother were among at least six people killed after two Russian ballistic missiles struck an apartment complex and a university building in Zelensky’s hometown yesterday. At least 75 people were injured in the attack on Kyryvi Rih, as Zelensky called it an act of Russian “terror”. The head of Zelensky’s office, Andriy Yermak said the “Russian army is barraging Kherson” and targetting residential areas, adding that four people had been killed and 17 injured in the city. Read More Drones, military confusion and cracks in Putin’s authority: Ukraine’s push to sow discord in Russia’s ranks UK sanctions Moscow judges after British-Russian dissident Vladimir Kara-Murza’s appeal rejected The $3.9 billion UN humanitarian appeal for Ukraine is only 30% funded, UN aid official says Ukraine says Russian missiles hit another apartment building and likely trapped people under rubble
2023-08-01 14:58

Toyota Profit Tops Estimates, Sticks to Full-Year Forecasts
Toyota Motor Corp.’s quarterly profit exceeded estimates as improvements in supplies of semicondcutors and a cheap yen helped
2023-08-01 14:26

Singapore PM to Address Political Scandals in Parliament
Singapore’s Prime Minister Lee Hsien Loong will make a ministerial statement on the ongoing graft investigation involving Transport
2023-08-01 14:26

Lori Vallow sentencing – live: ‘Cult mom’ gets life in prison after claiming murder victims are ‘very happy’
“Cult mom” Lori Vallow has been sentenced to life in prison with no parole for the murders of her two children in a dramatic case that gripped the nation. Vallow, 50, was convicted in May of killing her seven-year-old son Joshua “JJ” Vallow, 16-year-old daughter Tylee Ryan, who vanished without a trace in September 2019. She was also found guilty of conspiring to kill her husband Chad Daybell’s first wife, Tammy, who died in October 2019. The verdict came after prosecutors convinced a jury that Vallow and Mr Daybell conspired with her brother Alex Cox to murder Tammy, JJ and Tylee as part of their bizarre cult beliefs – but also for financial purposes so that they could collect Tammy’s life insurance money and the children’s social security and survivor benefits. Before the sentence was handed down, the court heard victim impact statements from several family members devastated by the harrowing saga that’s seen countless twists and turns over four years. To the surprise of many, Vallow spoke herself and appeared to show no remorse for the deaths of her children and Tammy, claiming they were “busy” and “happy” in heaven. She appeared emotionless as the sentence was handed down. Read More Lori Vallow finally broke her silence at the sentencing. It was too late Lori Vallow claims ‘no one was murdered’ as she breaks silence in bizarre sentencing statement ‘Monster’ Lori Vallow is confronted by victims’ sobbing families at sentencing: ‘Cruel campaign of terror’
2023-08-01 14:24

Gold Demand in India Seen Declining to Lowest Since 2020
Gold purchases in India this year are forecast to drop to the lowest since the Covid-19 pandemic hit
2023-08-01 14:19

Huge Chinese State Iron Ore Buyer Still an Unknown Quantity
A year after China set up a company that’s expected to become the world’s biggest iron ore buyer,
2023-08-01 13:56

Trump news - latest: Georgia DA says Trump 2020 election probe is ‘ready to go’ in hint at looming indictment
Fulton County District Attorney Fani Willis has said that the investigation into Donald Trump’s efforts to overturn the 2020 election results in Georgia is “ready to go” – in a hint suggesting a potential indictment could be imminent. “The work is accomplished,” she told WXIA over the weekend. “We’ve been working for two and half years. We’re ready to go.” DA Willis said that there will be people unhappy with the outcome of the probe and praised the actions of local officials who ramped up security around the courthouse in Georgia last week. The DA previously indicated that any charging decisions would likely come in August. Separately, an indictment may also come soon in DOJ special counsel Jack Smith’s investigation into Mr Trump’s efforts to overturn the election and into the January 6 Capitol riot. This comes after Mr Smith’s office added additional charges against the former president in the case involving his handling of classified documents on leaving the White House. Mar-a-Lago property manager Carlos de Oliveira was charged in the case last week, becoming the third defendant. He appeared in court on Monday, and will be formally arraigned next week. He has not entered a plea. Read More Mar-a-Lago property manager is the latest in line of Trump staffers ensnared in legal turmoil Trump's early work to set rules for nominating contest notches big win in delegate-rich California What is an indictment? Donald Trump is facing his third and fourth of 2023
2023-08-01 13:25

Rio Tinto Looking at Possible Lithium Deals, Stausholm Says
Rio Tinto Group, the world’s biggest iron ore miner, is looking at a number of possible lithium acquisitions
2023-08-01 12:52

HSBC Announces Fresh Buyback as Higher Rates Propel Profits
HSBC Holdings Plc announced a new buyback program as higher interest rates stoke the bank’s profits. The London-based
2023-08-01 12:26

Biden rejects Trump decision to move Space Command from Colorado to Alabama
Joe Biden has rejected former president Donald Trump’s plans to move the US Space Command headquarters to Alabama and elected to keep it in Colorado amid his fight with senator Tommy Tuberville (R-AL), according to a new report. General James Dickinson, who leads the Space Command, reportedly convinced Mr Biden that moving the headquarters from Colorado Springs to Alabama would affect readiness, sources told the Associated Press. But US Air Force leadership said relocating the headquarters to Huntsville, Alabama would be the best decision. Pentagon press secretary Brigadier General Pat Ryder said in a statement that the decision was based on “objective and deliberate process informed by data and analysis” and that defence secretary Lloyd Austin supported the decision. House Armed Services chairman Mike Rogers (R-AL) criticised the decision, saying it was politically motivated. “It’s clear that far-left politics, not national security, was the driving force behind this decision,” he said. “This fight is far from over.” The move comes as Mr Tuberville has blocked more than 250 military promotions to try and force the Pentagon to reverse its policy that provides travel for US service members to seek abortion care in areas where it is more readily accessible. But US officials said Mr Tuberville and abortion policy had nothing to do with the decision. Mr Tuberville for his part lambasted the decision. “This decision to bypass the three most qualified sites looks like blatant patronage politics, and it sets a dangerous precedent that military bases are now to be used as rewards for political supporters rather than for our security,” he said. “This is absolutely not over. I will continue to fight this as long as it takes to bring Space Command where it would be best served – Huntsville, Alabama.” But senator Michael Bennet (D-CO) praised the decision. “Today’s decision restores integrity to the Pentagon’s basing process and sends a strong message that national security and the readiness of our Armed Forces drive our military decisions,” he said. “Colorado is the rightful home for US Space Command, and our state will continue to lead America in space for years to come.” Supporters said moving the headquarters to Huntsville would set back progress when it needs to be ready to match China’s rise in military space action. Colorado Springs also houses the US Air Force Academy, where Space Guardians also graduate. Meanwhile, a Huntsville facility would not be ready until 2030. But Huntsville scored higher than Colorado Springs in a Government Accountability Office assessment of potential locations. Huntsville is also home to the US Army’s Space and Missile Defence Command. Read More Mar-a-Lago IT worker got target letter from DOJ, report says What is an indictment? Donald Trump is facing his third and fourth of 2023 Trump says charges from Jan 6 probe coming ‘any day now’
2023-08-01 12:15

Economists Downgrade Hong Kong Growth Forecasts After GDP Miss
Economists are downgrading their forecasts for Hong Kong’s economic growth this year following worse-than-expected data for the second
2023-08-01 11:46