Israel prefers diplomacy on Iran but could act alone, Bennett tells IAEA chief

Israeli Prime Minister Naftali Bennett delivers a speech during the annual Yom Hazikaron Remembrance Day ceremony for fallen Israeli soldiers, in the Yad LaBanim Memorial in Jerusalem May 3, 2022. Menahem KAHANA /Pool via Reuters By Reuters Israel told the U.N. nuclear watchdog on Friday it would prefer a diplomatic resolution to the standoff over

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Somalia corrupt president Hassan Sheikh first $20 million to steal instead giving to the drought emergency

File Photo/Somali Times Somalia corrupt president Haasan Sheikh Mohamoud first $20 million to steal instead giving to the drought emergency according to Somali officials told Somali Times. The new allocation will focus on underserved, hard-to-reach areas and complements the $14 million Rapid Response grant from the UN Central Emergency Response Fund. The Deputy Special Representative

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Turkey’s annual inflation soars to 24-year high of 73.5%

By Reuters Turkey’s annual inflation rate jumped to a 24-year high of 73.5% in May, according to data on Friday, below a forecast but fuelled by war impact, rising energy prices and a lira that has tumbled since a December crisis. The costs of transportation and food soared by 108% and 92% respectively over last

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Germany’s €100B military spending plan sparks controversy

By Anadolu Agency Germany’s parliament is set to approve a €100 billion ($107.5 billion) special fund Friday for the modernization of the country’s armed forces amid criticism from anti-war groups and peace activists. According to the government’s plan, the lion’s share of the fund will go to the Air Force and will be used for

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Israel accepts security arrangements allowing Egypt to transfer islands to Saudi Arabia

A container ship passes in front of Tiran on 12 July 2018, a strategically located island in the Red Sea at the entrance to a passage that leads to the Israeli port of Eilat (Reuters) By Middle East Eye Israel will agree to new security arrangements that will allow Egypt to transfer control of two

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Uhuru Kenyatta defends Jubilee’s Sh6.7 trillion debt spree

President Uhuru Kenyatta By Business Daily Africa President Uhuru Kenyatta on Wednesday during Madaraka Day celebrations defended his government’s borrowing which is projected to hit at least Sh6.7 trillion by the time he leaves office, saying it was necessary to fund infrastructure and accelerate economic growth. President Kenyatta who is set to leave the office

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Beaming Queen Elizabeth waves to crowds as Platinum Jubilee celebrations begin

Britain’s Queen Elizabeth, Anne, Princess Royal, Prince Charles, Camilla, Duchess of Cornwall, Prince William and Catherine, Duchess of Cambridge, along with Princess Charlotte, Prince George and Prince Louis appear on the balcony of Buckingham Palace as part of Trooping the Colour parade during the Queen’s Platinum Jubilee celebrations in London, Britain, June 2, 2022. Reuters/Hannah

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US dollar’s share of global foreign exchange reserves falls below 59%: IMF

By Anadolu Agency The dollar’s share of global foreign exchange reserves diminished below 59% in the final quarter of last year, extending a two-decade decline, according to the latest IMF data. “Central banks aren’t holding the greenback in their reserves to the extent that they once did,” the global body said in a blog based

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As gas prices soar, Biden leans toward visiting Saudi Arabia

President Joe Biden listens as he meets virtually with infant formula manufacturers from the South Court Auditorium on the White House complex in Washington, Wednesday, June 1, 2022. (AP Photo/Susan Walsh) By The Associated Press President Joe Biden is leaning towards making a visit to Saudi Arabia — a trip that would likely bring him

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Queen Elizabeth offers thanks as Platinum Jubilee celebrations begin

Britain’s Queen Elizabeth meets staff of the Crossrail project and Elizabeth Line as they mark the completion of London’s Crossrail project at Paddington station in London, Britain May 17, 2022. Andrew Matthews/Pool via Reuters By Reuters Queen Elizabeth thanked all those involved in her Platinum Jubilee celebrations ahead of four days of pomp, parties, parades

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