The United Arab Emirates is on course to achieve its full oil capacity target more than a year earlier than expected. from Bloomberg Markets https://ift.tt/6SBHudX
Plus reviews of ‘Found,’ ‘There’s a Mountain in This Book,’ ‘The Art Book for Children’ and ‘Animal Tales From India.’ https://www.wsj.com/articles/childrens-books-good-night-good-beach-dfef17f3
Hundreds are feared dead after a massive landslide leveled dozens of homes and buried families alive in a remote village in northern Papua New Guinea early on Friday, a resident said. More than 50 homes, many with people still asleep inside, were buried when the landslide hit Kaokalam village around 3 a.m., villager Ninga Role…
The U.N.’s top court, the International Court of Justice, on Friday ordered Israel to cease its military offensive in Rafah, citing concerns over the safety of Palestinian civilians. https://www.cnbc.com/2024/05/24/uns-top-court-orders-israel-to-halt-military-offensive-in-rafah.html
Federal Reserve Governor Christopher Waller warns that the “unsustainable fiscal path” of the US could put upward pressure on the neutral rate during a speech at the Reykjavik Economic Conference in Iceland. from Bloomberg Markets https://ift.tt/uNCw3FX
South Africa is making progress in rebuilding its institutions that uphold the rule of law but still has some way to go in rooting out corruption at power utility Eskom Holdings SOC Ltd., according to Public Enterprises Minister Pravin Gordhan. from Bloomberg Politics https://ift.tt/1wUYFk6
Rishi Sunak’s government has ditched the landmark smoking ban he said would transform future generations and save the National Health Service billions of pounds, after the prime minister’s decision to call an early UK election left too little time to get it through Parliament. from Bloomberg Politics https://ift.tt/tQ0Pjcu
The Korean artist proves herself to be a master manipulator of light and space with a series of conceptually rooted works at Tanya Bonakdar Gallery. https://www.wsj.com/articles/kimsooja-meta-painting-review-brilliance-in-many-forms-airdigital-01ea00cb
U.S. spot bitcoin exchange-traded funds noted their ninth consecutive day of positive inflows, amassing $107.9 million on Thursday. Blackrock’s IBIT led the way, securing $89 million, while Grayscale’s bitcoin trust (GBTC) experienced $14 million in outflows. Gap Between IBIT and GBTC Reserves Tighten Spot bitcoin ETFs had a consistent week of steady inflows, with $107.9…
The Federal Reserve will only start cutting interest rates in September, according to economists at Goldman Sachs Group Inc., who pushed back their call from July amid signs the economy is still too resilient to justify easing. Alberto Gallo of Andromedia Capital Management and Kathy Bostjancic, Nationwide Mutual Insurance chief economist, react on “Bloomberg Surveillance.” (Source:…