News Archives for World - 2023-05-16

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World

Biden, facing debt ceiling debate, could skip Australia part of Asia trip

WASHINGTON: President Joe Biden may skip a visit to Australia on an upcoming Asia trip due to the unfolding debate ...

Published 16 May, 2023 11:56pm

World

Loss of Black Sea grain deal not threat to global supplies, for now

GENEVA: The end of the Black Sea grain deal would not pose an immediate threat to the world market as Ukraine would...

Published 16 May, 2023 11:18pm

Europe

Ukraine slams Georgia for resuming Russia flights

KYIV: Ukraine criticised Georgia on Tuesday for allowing Russia to resume direct flights to the ex-Soviet Caucasus...

Published 16 May, 2023 08:26pm

Asia

China should play formal role in Sri Lanka’s debt restructuring: US official

COLOMBO: China should play a formal role in the common framework for creditor talks set up by India and the Paris...

Published 16 May, 2023 06:39pm

Mutual Funds

Saudi Arabia sells $6bn in two-tranche Islamic bonds: lead manager

DUBAI: Saudi Arabia has raised $6 billion from the sale of Islamic bonds, or sukuk, a document from a lead manager...

Published 16 May, 2023 05:29pm

South Asia

Tesla to meet Indian officials this week: source

NEW DELHI: Senior Tesla Inc executives will meet Indian government officials on Wednesday and Thursday to discuss...

Published 16 May, 2023 05:24pm

USA

US economy ‘hangs in the balance’ as debt limit impasse drag on: Yellen

WASHINGTON: The standoff over the federal debt limit is already having dire consequences for the US economy, driving...

Published 16 May, 2023 03:49pm

Europe

Kyiv says downed six hypersonic missiles in overnight attack

KYIV: Ukraine said Tuesday it had downed six advanced Russian hypersonic missiles during a fresh overnight barrage...

Published 16 May, 2023 12:57pm

Europe

UK unemployment edges higher as inflation bites

LONDON: UK unemployment rose further in the three months to the end of March, official data showed Tuesday, as...

Published 16 May, 2023 12:52pm

USA

Biden-McCarthy debt talks to resume after new default warning

WASHINGTON: President Joe Biden and Republican leaders are set to reconvene Tuesday for crunch talks on raising US...

Published 16 May, 2023 12:30pm

Europe

Greece’s Mitsotakis eyes new term in uncertain ballot

ATHENS: Greeks will vote on Sunday in the most unpredictable national polls in a decade with an inconclusive result...

Published 16 May, 2023 12:17pm

Europe

Women still struggling with boys’ club of Greek politics

ATHENS: As the credits rolled on Greek television’s long-awaited election debate between the party leaders, one...

Published 16 May, 2023 12:13pm

World

New Zealand hostel fire kills at least six

WELLINGTON: A fire ripped through a four-storey hostel in New Zealand’s capital in the early hours of Tuesday,...

Published 16 May, 2023 12:04pm

South Asia

Cyclone toll in Myanmar’s Rakhine state at least 41: local leaders

BU MA: The death toll in cyclone-hit Myanmar’s Rakhine state rose to at least 41 on Tuesday, local leaders told...

Updated 16 May, 2023 12:00pm

Europe

Russia launches air raid on Kyiv ‘exceptional’ in intensity

KYIV: Russia launched an exceptionally intense air attack on Kyiv in the early hours of Tuesday, using drones,...

Published 16 May, 2023 10:10am

USA

Teen gunman kills 3, wounds 6 in New Mexico before police shoot him dead

An 18-year-old gunman stalked through a New Mexico neighborhood on Monday firing randomly at bystanders, houses and...

Published 16 May, 2023 09:44am

World

Resurgent Erdogan heads for historic election runoff

ISTANBUL: Turkish President Recep Tayyip Erdogan on Monday emerged from his toughest election test unbowed and in...