The package under consideration would include foreign military financing of as much as $500 million, according to one person, which would make India one of the.. IndiaTimes
A convicted murderer in Israel is set to become a millionaire through his tech company, which is expected to go public on the Tel Aviv stock exchange. Sky News
Israeli police and Palestinian mourners have clashed in east Jerusalem at the funeral of Al Jazeera journalist Shireen Abu Akleh, who was shot dead whilst.. Sky News
Israeli security forces have arrested Palestinian mourners at the funeral in Jerusalem of Al Jazeera journalist Shireen Abu Akleh, who was shot dead whilst.. Sky News
EU Announces , Accelerated Plan to Reduce , Dependency on Russian Energy.
Al Jazeera reports that the European Commission
has revealed a $220 billion plan to end the bloc's
dependence on Russian fossil fuels in the next five years. .
Al Jazeera reports that the European Commission
has revealed a $220 billion plan to end the bloc's
dependence on Russian fossil fuels in the next five years. .
The package, REPowerEU, also
reportedly accelerates the EU's
plan to transition to green energy.
We are taking our ambition to yet another level to make sure that we become independent from Russian fossil fuels as quickly as possible, Ursula von der Leyen, EU Commission President,
via Al Jazeera.
Al Jazeera reports that Russia
supplies 40% of the EU's gas
and 27% of its imported oil. .
In August, an EU plan
to ban Russian coal
will take effect. .
The bloc has also pledged to reduce the demand for gas from Moscow by two-thirds by the end of 2022.
The bloc has also pledged to reduce the demand for gas from Moscow by two-thirds by the end of 2022.
Hungary and other landlocked countries have opposed
the EU's proposed oil embargo, citing concerns about
the cost of switching to alternative sources.
Hungary and other landlocked countries have opposed
the EU's proposed oil embargo, citing concerns about
the cost of switching to alternative sources.
RePowerEU will help us to save more energy, to accelerate the phasing out of fossil fuels and, most importantly, to kick-start investments on a new scale, Ursula von der Leyen, EU Commission President,
via Al Jazeera.
New investments reportedly include $90 billion
for renewable energy, $28 billion for hydrogen infrastructure, $30 billion for power grids
and $59 billion for energy savings. .
New investments reportedly include $90 billion
for renewable energy, $28 billion for hydrogen infrastructure, $30 billion for power grids
and $59 billion for energy savings.
Credit: Wibbitz Top Stories Duration: 01:30Published
EU Ready to Approve, Another $527 Million , in Military Aid for Ukraine.
Al Jazeera reports that defense ministers from
the European Union are set to approve an additional
$527 million in military aid for Ukraine. .
On May 17, EU foreign policy chief
Josep Borrell stressed the importance
of continuing support for Ukraine.
We have to continue to support
the Ukrainians with arms, that’s why
we will pull 500 million euros more, Josep Borrell, European Union
foreign policy chief, via Al Jazeera.
According to Al Jazeera,
the additional support will bring the EU's
military aid for Ukraine to $2.1 billion.
Borrell also joined Defense Ministers from
Germany and Luxembourg in expressing support
for Finland and Sweden's requests to join NATO.
The move for Finland and Sweden
to join NATO has been vehemently
opposed by Russia and Turkey. .
Turkey reportedly opposes the move
because of their perceived inaction
against exiled Kurdish fighters.
On May 16, Turkey's President Recep Tayyip
Erdogan accused the two Nordic countries
of refusing to extradite "terrorists.".
Turkey has opposition to this.
Turkey says that the two harbor terrorism,
that they have supporters of the PKK
and the Kurdish nationalists living in their
countries. This is something that throughout
the week is going to be a big issue, James Bays, Al Jazeera’s diplomatic editor,
via Al Jazeera.
Al Jazeera reports that all 30 NATO
countries must agree in order for
Finland and Sweden to join the alliance.
Al Jazeera reports that all 30 NATO
countries must agree in order for
Finland and Sweden to join the alliance
Credit: Wibbitz Top Stories Duration: 01:31Published
EU and US Partner, to Ensure Food Security, and Access to Fertilizer.
Al Jazeera reports that the European Union and
the United States are preparing to launch a new
platform meant to address food security. .
Al Jazeera reports that the European Union and
the United States are preparing to launch a new
platform meant to address food security. .
The move comes as Russia's invasion of Ukraine
has curbed access to staple crops and
fertilizers originating in the region.
The move comes as Russia's invasion of Ukraine
has curbed access to staple crops and
fertilizers originating in the region.
Here is clearly a need for how to best
align approaches to support these
countries as the EU and US are major
players and international donors, Valdis Dombrovskis, EU trade chief, via Al Jazeera.
There are clearly disruptions
and we need to see how we
are diversifying the supply, Valdis Dombrovskis, EU trade chief, via Al Jazeera.
Al Jazeera reports that the new platform will be part
of the Trade and Technology Council established to
strengthen economic ties between the EU and the U.S. .
Al Jazeera reports that the new platform will be part
of the Trade and Technology Council established to
strengthen economic ties between the EU and the U.S. .
Senior officials are scheduled to meet on May 15 and 16 to coordinate their efforts on areas including export controls, semi-conductors and procurement.
The U.S. will reportedly be represented by Secretary
of State Antony Blinken, Commerce Secretary Gina Raimondo and Trade Representative Katherine Tai.
The U.S. will reportedly be represented by Secretary
of State Antony Blinken, Commerce Secretary Gina Raimondo and Trade Representative Katherine Tai.
The U.S. will reportedly be represented by Secretary
of State Antony Blinken, Commerce Secretary Gina Raimondo and Trade Representative Katherine Tai.
While the EU side will include Dombrovskis,
Margrethe Vestager, the EU’s digital affairs chief,
and Thierry Breton, the head of internal markets.
While the EU side will include Dombrovskis,
Margrethe Vestager, the EU’s digital affairs chief,
and Thierry Breton, the head of internal markets.
While the EU side will include Dombrovskis,
Margrethe Vestager, the EU’s digital affairs chief,
and Thierry Breton, the head of internal markets.
The group is reportedly aimed at ensuring
the supply of agri-food commodities,
particularly for developing nations. .
According to Dombrovskis, while the EU is not currently facing
a food security crisis, the new platform could also help curb, "food affordability issues.”.
According to Dombrovskis, while the EU is not currently facing
a food security crisis, the new platform could also help curb, "food affordability issues.”
Credit: Wibbitz Top Stories Duration: 01:31Published
Stock Markets Advance , After Flirting With , Bear-Market Territory.
Al Jazeera reports that stocks managed
to make a minor comeback following
a chaotic week in financial markets.
Al Jazeera reports that stocks managed
to make a minor comeback following
a chaotic week in financial markets.
On the morning of May 13,
the S&P 500 rose 1.3%, while
the Nasdaq 100 rose 1.8%. .
On the morning of May 13,
the S&P 500 rose 1.3%, while
the Nasdaq 100 rose 1.8%. .
Other gains included the Stoxx Europe 600
by 1.5%, the Dow Jones Industrial Average
by 0.8% and the MSCI World index by 1.2%.
Other gains included the Stoxx Europe 600
by 1.5%, the Dow Jones Industrial Average
by 0.8% and the MSCI World index by 1.2%.
However, at the same time,
the euro, British pound
and Japanese yen all fell. .
In commodities, West Texas Intermediate
crude gained 2.8% to reach $109.10 a barrel,
while gold futures fell 1.3% to $1,801.20 an ounce.
In commodities, West Texas Intermediate
crude gained 2.8% to reach $109.10 a barrel,
while gold futures fell 1.3% to $1,801.20 an ounce.
Tech giants like Apple, Microsoft and Amazon all saw gains, while Twitter fell on news that
Elon Musk's takeover was "temporarily on hold.".
Tech giants like Apple, Microsoft and Amazon all saw gains, while Twitter fell on news that
Elon Musk's takeover was "temporarily on hold.".
Overall, the S&P has still
seen six straight weeks of decline,
the longest losing streak since 2011. .
U.S. Federal Reserve Chair
Jerome Powell said that interest rates are likely to rise
by half a percentage point at each of its next two meetings.
U.S. Federal Reserve Chair
Jerome Powell said that interest rates are likely to rise
by half a percentage point at each of its next two meetings.
In a May 12 interview with Marketplace
public radio, Powell emphasized
the Fed's intention to fight inflation. .
In a May 12 interview with Marketplace
public radio, Powell emphasized
the Fed's intention to fight inflation. .
However, he also admitted that the central bank's ability to do that without triggering a recession depends upon factors outside of their control. .
However, he also admitted that the central bank's ability to do that without triggering a recession depends upon factors outside of their control.
Credit: Wibbitz Top Stories Duration: 01:31Published
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