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SINGAPORE, Aug 21 (Reuters) – Oil prices were little changed on Friday, but were on track for a second weekly rise as the stalemated U.S.-Iran war continues to disrupt supply from the key Middle East producing region. Brent crude futures rose 4 cents to $93.82 a barrel by 0142 GMT, after climbing 2.4% in the previous session. U.S. West Texas Intermediate crude futures slipped 6 cents to $86.78 a barrel, […]

By Cynthia Kim, Jihoon Lee and Yena Park SEOUL, Aug 21 (Reuters) – It was a vision to give South Korea a stock market that reflected its true economic dynamism, by shedding regulatory taboos and encouraging bolder bets – instead, it created an investor trauma that could take years to shake. The 30% decline in the KOSPI benchmark since its June 19 peak has hurt President Lee Jae Myung’s government […]

By Rae Wee SINGAPORE, Aug 21 (Reuters) – The dollar was on shaky ground and set for a weekly loss on Friday, as investors viewed the U.S. Treasury’s bond buyback gambit as merely a temporary fix, while raising fresh concerns about officials’ increasingly interventionist approach. U.S. Treasury Secretary Scott Bessent said overnight he may further increase the government’s repurchases of Treasuries, a day after the department announced it would double […]

WASHINGTON (AP) — The Michigan Senate race is drawing attention not only because of the candidates involved, but because of the voters crossing party lines. Republican candidate Mike Rogers recently held a press conference in Detroit with supporters who identify as Democrats. Their message was straightforward: They may still call themselves Democrats, but they no longer feel represented by today’s Democratic Party. Among those speaking was Michigan state Representative Karen […]

LAS VEGAS (AP) — Jurors on Thursday heard Duane “Keffe D” Davis tell detectives in 2008 that his nephew Orlando “Baby Lane” Anderson fired the shots that killed Tupac Shakur. Davis, who said in the interview that he was also in the car with Anderson, is accused of orchestrating the 1996 killing of the 25-year-old hip-hop superstar in Las Vegas. At the time of the interview, his nephew had been […]

CARLISLE, Pa. (AP) — Investigators are working to understand why a small plane veered to the side while landing at a rural airport and crashed into a hovering Pennsylvania State Police helicopter, a federal official said Thursday. Aaron McCarter, investigator-in-charge with the National Transportation Safety Board, said there is not an immediate explanation for Wednesday’s fatal collision that killed the pilot of the small aircraft and injured two state troopers. […]

GENEVA, Aug 21 (Reuters) – Countries have restored an area roughly twice the size of France under U.N.-backed efforts to reverse land degradation – far short of their own restoration targets – a study by the world’s largest conservation network showed on Friday.  • The International Union for Conservation of Nature said countries had rehabilitated 124.3 million hectares or 10.4% of their collective national pledges. • The land is degraded […]

Former Indian Major General Warns of Turkey-Pakistan-Saudi Pact, Urges Stronger Ties With Iran   By The Media Line Staff   Retired Indian Maj. Gen. Gagan Deep Bakshi warned that the new defense pact involving Turkey, Pakistan and Saudi Arabia poses a concern for India, while arguing that New Delhi should strengthen ties with Iran despite pressure from Israel and the United States.   Bakishi warned that a developing “Sunni NATO” could endanger India, […]

Australia Summons Israeli Ambassador Over IDF Decision Not To Investigate WCK Strike   By The Media Line Staff   Australia summoned Israel’s ambassador after the Israel Defense Forces decided not to open a criminal investigation into the April 2024 strike that killed seven World Central Kitchen aid workers in Gaza, including Australian citizen Zomi Frankcom.   Foreign Minister Penny Wong criticized the decision, saying it “falls far short of the accountability we expect,” […]