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Biden to meet Palestinian leaders ahead of Saudi visit
US President Joe Biden will meet Palestinian leader Mahmud Abbas in the occupied West Bank Friday, with talks expected to focus on economic measures but without striking any major diplomatic breakthrough. - 'Side by side' - With Palestinians banned by Israel from political activity in Jerusalem, the US president will travel to Bethlehem to meet Abbas.
Saudi opens airspace to 'all carriers' in gesture to Israel
Saudi Arabia announced Friday it was lifting restrictions on "all carriers" using its airspace, an apparent gesture of openness towards Israel ahead of US President Joe Biden's arrival. The Saudi civil aviation authority "announces the decision to open the Kingdom's airspace for all air carriers that meet the requirements of the authority for overflying", it said in a statement on Twitter.
Bank of America fined $225 mn for 'botching' US Covid-19 aid payments
Two US agencies fined Bank of America a total of $225 million on charges it wrongfully froze unemployment and other public benefit programs at the height of the Covid-19 pandemic. The Consumer Financial Protection Bureau imposed a $100 million penalty on Bank of America (BofA) for "botching" the disbursement of state unemployment programs during Covid-19, the agency said.
US says no restrictions on farm equipment to Russia
The United States said Thursday that it would not bar the sale of farm equipment to Russia, again denying Moscow's allegations that Western sanctions -- not its invasion of Ukraine -- are causing the global food crisis. The Treasury Department, in a legal form on sanctions exemptions, said it would not stop US transactions related to the production, sale or transport of agricultural equipment.
Eight children trapped after Colombia landslide buries school: officials
At least eight children are believed trapped in northwest Colombia after a landslide buried a school on Thursday, local authorities said. Daniel Quintero, the mayor of Medellin that is the capital of the Antioquia department where the landslide took place, issued an alert on Twitter about a landslide burying a school by the name of El Porvenir.
Ukraine war to dominate G20 finance chief meeting in Indonesia
Group of 20 finance ministers and central bank chiefs from top economies will meet in Indonesia Friday for talks on the fallout from Russia's invasion of Ukraine, which has roiled markets, spiked food prices and stoked breakneck inflation.
Fed official signals willingness to hike interest rates full percentage point
US Federal Reserve Governor Christopher Waller signaled Thursday he may support a full percentage point interest rate hike this month -- the biggest increase in more than 30 years and a further indication of the central bank's determination to crush sky-high inflation.
Street party draws curtain on Sri Lanka's Rajapaksa era
Exhausted and drained after nearly 100 days of protests, a small crowd gathered its remaining strength Thursday to celebrate the resignation of Sri Lanka's leader at the seaside headquarters of their campaign to oust him.
Sunak leads race for UK PM as rivals round on bookies' favourite Mordaunt
Former finance minister Rishi Sunak topped the latest vote Thursday by Conservative MPs to decide Britain's next prime minister followed by bookmaker favourite Penny Mordaunt, as attacks on her escalated within the ruling party. The final pair of contenders to replace Prime Minister Boris Johnson, to be put to Conservative party members over the summer, will be decided by the middle of next week.
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