kslmadmin

NICOSIA, Cyprus (AP) — The European Union’s executive arm will monitor any agreement to set up so-called return hubs in non-EU countries so that the rights of rejected asylum seekers sent there are protected, the bloc’s migration commissioner said Friday. Magnus Brunner said any such deal will also be vetted by the International Organization for Migration and the U.N. refugee agency to ensure compliance with those legal safeguards. “Human rights […]

ALEXANDRIA, Va. (AP) — A federal judge agreed on Friday to extend a court-ordered block on the Trump administration’s creation and operation of a $1.8 billion settlement fund for compensating people who claim to be victims of a weaponized government. Earlier this month, acting Attorney General Todd Blanche told Congress that the government is scrapping its plans for the fund in the face of a fierce bipartisan backlash. Government attorneys […]

NEW YORK (AP) — Catapulted by the market debut of his rocket company SpaceX, Elon Musk could become the world’s first trillionaire by the end of the day. That level of wealth, all owned by just one person, was once unfathomable. Before Friday, the trillion dollar mark was reserved for measures like the GDP (or staggering debt ) of a handful of major economies — and, in the last decade […]

DUBAI, United Arab Emirates (AP) — Iran ‘s stranglehold on the Strait of Hormuz may be easing — and its own oil problems now seem to be mounting. The crucial strait at the mouth of the Persian Gulf, through which a fifth of the world’s oil and natural gas supplies once passed, has been effectively shut by Iran’s attacks on shipping since the start of the war in February. Even […]

June 12 (Reuters) – SpaceX made its stock market debut on Friday,as investors backed CEO Elon Musk’s vision for an empire stretching from reusable rockets to orbital AI at a valuation that ranks among the world’s biggest. Here is a timeline of SpaceX’s journey to the blockbuster IPO: March 2002 – Elon Musk starts SpaceX using money he made from the sale of PayPal. March 2006 – SpaceX launches its […]

NEW YORK, June 12 (Reuters) – SpaceX traded higher in its Nasdaq debut on Friday, a day after pricing its record $75 billion IPO. Thursday’s pricing gave Elon Musk’s space, communications and AI firm a $1.77 trillion valuation, the largest ever in an initial offering; trading after the open on Friday pushed that figure above $2 trillion.  MARKET REACTION: SPACEX: Shares opened at $150 late on Friday morning, 11% above […]

By Amanda Cooper and Dmitry Zhdannikov LONDON, June 12 (Reuters) – The extreme volatility of global oil prices has drained liquidity from the market this year at the fastest pace on record, as investors have become increasingly wary of committing cash to an asset that has become hostage to U.S. President Donald Trump’s daily social media posts on the Iran war. Liquidity, or how well matched the number of buyers […]

By Alex Lawler and Dmitry Zhdannikov LONDON, June 12 (Reuters) – Since the start of the Iran war and Tehran’s announcement that the Strait of Hormuz was “closed”, the market has grappled to put a figure on lost crude supply and to predict the price of oil. Initial calculations were simple: add up all non-Iranian Gulf crude oil exports, some 12 million to 15 million barrels a day, and you […]

SARAJEVO, Bosnia-Herzegovina (AP) — The opening lyrics couldn’t be plainer: “I am from Bosnia; take me to America.” But by rewriting its classic “USA,” the Bosnian band Dubioza Kolektiv has transformed a song about disillusionment with the American Dream into a viral anthem powering Bosnia-Herzegovina’s own World Cup dreams. On the eve of Friday’s match between Bosnia and Canada, members of the genre-bending rock group met The Associated Press in […]