Elon Musk has retaken the title of world’s wealthiest person. The Tesla Inc chief executive officer surpassed luxury tycoon Bernard Arnault on Wednesday after shares of Arnault’s LVMH fell 2.6 per cent in Paris trading. Musk and the 74-year-old Frenchman have been neck-and-neck for the top spot this year in the Bloomberg Billionaires Index, a listing of the world’s 500 ...
Read More »International
US debt ceiling bill passes House with broad bipartisan support
A divided US House of Representatives passed a bill to suspend the $31.4 trillion debt ceiling on Wednesday, with majority support from both Democrats and Republicans to overcome opposition led by hardline conservatives and avoid a catastrophic default. The Republican-controlled House voted 314-117 to send the legislation to the Senate, which must enact the measure and get it to President ...
Read More »10 people killed in clash with Mexico police
A highway gun attack on security forces in northern Mexico left 10 people dead on Monday, authorities said. “Civil Force personnel were attacked with bullets by subjects who were traveling aboard three armored trucks,” Nuevo Leon Public Security Secretary Gerardo Palacios wrote on Facebook. Ten criminal suspects were killed and four officers injured, he added. The attack took place along ...
Read More »At least 16 dead, dozens injured in shootings across the U.S. over Memorial Day weekend
Shootings across the U.S. left at least 16 people dead and dozens more injured over Memorial Day weekend. The gun violence occurred at beaches, high schools and motorcycle rallies, among other locations, across at least eight states. The victims were teenagers to people in their 60s. The weekend concluded as it began — with gunfire. Nine people were injured in ...
Read More »Erdogan wins historic third term as Turkey’s president
President Recep Tayyip Erdogan will extend his 20 years at the top of Turkey’s political landscape after winning the country’s presidential runoff election on Sunday. Erdogan received 27,513,587 votes, or 52.14% of the votes cast, according to figures released by the country’s Supreme Election Council, beating challenger Kemal Kilicdaroglu who had 25,260,109 votes, or 47.86%. Turkey’s Supreme Election Council has ...
Read More »Erdogan votes, urges Turks to vote
Recep Tayyip Erdogan had a message to get the vote out as he cast his vote in Istanbul, greeting supporters and calling on Turks to vote, Al Jazeera reports. “I think the vote-counting process will be very fast today. It is important to see such elections for the presidency for the Turkish democracy,” the incumbent said after voting. “Participation at ...
Read More »Canada wildfire fight turns corner after rain
A weeks-long battle against wildfires in western Canada finally reached a “turning point” on Monday with scattered rains reported over hotspots and more precipitation to come, officials said. The wildfires in Alberta province have displaced tens of thousands of people and scorched more than 945,000 hectares. “We have received rain, I understand, on almost every wildfire that’s currently burning in ...
Read More »Fire that killed 19 in Guyana school dorm may have been set ‘maliciously’
The fire at a schoolgirls’ dormitory that killed 19 people in Guyana may have been started “maliciously,” police said Monday, as anger grew in the small South American country the day after the blaze. Sunday’s inferno gutted a building housing girls aged 11-12 and 16-17. Guyana Police Commissioner Clifton Hicken said during a press conference Monday afternoon that an “initial ...
Read More »Markets mostly rise after ‘productive’ Biden-McCarthy debt talks
Optimism that the United States will avert a calamitous default supported equities Tuesday, with President Joe Biden and House Speaker Kevin McCarthy saying they held productive talks on the debt ceiling. With just weeks to go before the country runs out of cash, the standoff has become the key topic on trading floors on fears that a US failure to ...
Read More »At least nine killed in El Salvador stadium stampede
At least nine people have died after a stampede at a football stadium in El Salvador’s capital, San Salvador, officials have said. Police said seven men and two women were among the dead, with all the victims over the age of 18. The crush occurred during a match between local team Alianza and Santa Ana based team Fas at the ...
Read More »