Author: Gulf News Week
MANILA, Philippines (news agencies) — Asian shares mostly fell Monday as the Trump administration stepped up pressure on trading partners to quickly make new deals before a Wednesday tariff deadline, with plans for the United States to start sending letters warning countries that higher tariffs could kick in Aug. 1. Japan’s Nikkei 225 shed 0.5% to 39,628.41 while Hong Kong’s Hang Seng index lost 0.4% to 23,824.18. South Korea’s KOSPI index edged down 0.1% to 3,053.55 while the Shanghai Composite Index slid 0.2% to 3,464.78. Australia’s S&P ASX 200 fell 0.3% to 8,576. Oil prices also fell after OPEC+ agreed…
Kevin Durant’s trade to the Houston Rockets is official and officially record-setting.The deal got approved by the NBA on Sunday as part of a seven-team transaction, one in which a slew of other trade agreements got folded into one massive package.“Kevin impacts the game on both ends of the court and is one of the most efficient scorers in the history of basketball,” Rockets general manager Rafael Stone said. “We liked the growth our team showed last season and believe Kevin’s skill set will integrate seamlessly.”Involved in the deal: Phoenix, Houston, Atlanta, Minnesota, Golden State, Brooklyn and the Los Angeles…
HOUSTON (news agencies) — Edson Álvarez scored a tiebreaking goal in the 77th minute after a video review reversed an offside call, and Mexico beat the United States 2-1 on Sunday night for its record 10th CONCACAF Gold Cup title.Chris Richards put the U.S. ahead in the fourth minute, heading in a Sebastian Berhalter free kick for the second time in the tournament, but Raúl Jiménez tied the score in the 27th with his third goal of this Gold Cup.Mexico was awarded the free kick when Diego Luna fouled Alexis Vega on a flank. Johan Vásquez flicked the restart across…
Israeli military attacks ports of Hodeidah, Ras-Isa and as-Salif as Houthis continue to launch missiles towards Israel.Israel’s military has bombed three ports and a power plant in Houthi-controlled areas of Yemen, prompting the rebel group to fire more missiles towards Israeli territory. The Israeli military said on Sunday that it struck the ports of Hodeidah, Ras-Isa and as-Salif on the Red Sea coast as well as the Ras Kathib power plant. It said it also struck a radar system on the Galaxy Leader ship, which was seized by the Houthis and remains docked in the port of Hodeidah. There were…
DUBAI, United Arab Emirates (news agencies) — Israel’s military launched airstrikes early Monday targeting ports and facilities held by Yemen’s Houthi rebels, with the rebels responding with missile fire targeting Israel.The attacks came after an attack Sunday targeting a Liberian-flagged ship in the Red Sea that caught fire and took on water, later forcing its crew to abandon the vessel.Suspicion for the attack on the Greek-owned bulk carrier Magic Seas immediately fell on the Houthis, particularly as a security firm said bomb-carrying drone boats appeared to hit the ship after it was targeted by small arms and rocket-propelled grenades. The…
WASHINGTON (news agencies) — Manager Dave Martinez and general manager Mike Rizzo were fired by the Washington Nationals on Sunday in moves that were surprising for their timing, even if the club is more than halfway through its sixth consecutive losing season since winning the 2019 World Series.The team announced the changes just hours after Washington’s 6-4 loss at home completed a sweep by the Boston Red Sox. The Nationals are 37-53 and last in the NL East; the only National League club with a worse record is the Colorado Rockies.But the amateur draft is just a week away, and…
BRIDGEWATER, N.J. (news agencies) — Elon Musk said he’s carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing the America Party in response to the president’s sweeping tax cuts law.Musk, once an ever-present ally to Trump as he headed up the slashing agency known as the Department of Government Efficiency, broke with the Republican president over his signature legislation, which was signed into law Friday.As the bill made its way through Congress, Musk threatened to form the “America Party” if “this insane spending bill passes.”“When it comes to bankrupting our country…
RIO DE JANEIRO (news agencies) — The BRICS bloc of developing nations on Sunday condemned the increase of tariffs and attacks on Iran, but refrained from naming U.S. President Donald Trump. The group’s declaration, which also took aim at Israel’s military actions in the Middle East, also spared its member Russia from criticism and mentioned war-torn Ukraine just once. The two-day summit was marked by the absences of two of its most powerful members. China’s President Xi Jinping did not attend a BRICS summit for the first time since he became his country’s leader in 2012. Russian President Vladimir Putin,…
NEW YORK (news agencies) — Kayla Thornton, Gabby Williams, Kiki Iriafen and Sonia Citron will be making their All-Star debuts in Indianapolis later this month as they were all chosen on Sunday as reserves for the game.Thornton has been in the league for nine years and finally is getting her chance to play in the exhibition game. She was selected in the expansion draft by Golden State last year from New York and has helped the expansion team get off to a good start.“It would be such a reward for her,” said New York’s Sandy Brondello, who will be one…
US president says a Gaza ceasefire deal with Israel could occur this week as truce talks resume in Qatar and Netanyahu flies to Washington, DC.Israeli forces have killed at least 82 people across Gaza, including 39 in Gaza City alone, as United States President Donald Trump said he belied a ceasefire between Israel and Hamas could happen this week. Survivors of the Israeli strikes in Gaza City described “apocalyptic” scenes on Sunday as residents in the Sheikh Redwan neighbourhood retrieved body parts of victims and scrambled to rescue those trapped under the rubble. Mahmoud al-Sheikh Salama, a survivor of one…