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The amount is said to be equal two days' oil imports to Japan, Asia's second biggest economy, and marks another break from Saudi Arabia's usual policy of maintaining customers by keeping supplies steady. OPEC is curbing its output by about 1.2 million barrels per day (bpd) from January 1 for six months, the first reduction in eight years, to clear excess supply.
  • Macron talks up 2024 Paris Olympic bid to Bach

    Global News

    Hong). ENTHUSIASM: Time and again bid leaders have touted a poll, conducted by Loyola Marymount University, which found 88 percent of respondents wanted Los Angeles to host the Olympics. Garcetti said at a sunset press conference at Santa Monica beach. With those comments, Baumann set a high bar for LA's bid rival Paris as they face the same inspection next week.
  • S Korea's Moon sworn in, says willing to go to North

    Global News

    M - President of Turkmenistan Gurbanguly Berdimuhamedov congratulated Moon Jae-in on his victory in South Korea's presidential election. Moon said he hopes to meet Xi at an early date and Xi formally invited Moon to visit Beijing , it said.
  • Herzog: Jewish state bill not the Israel Herzl envisioned

    Global News

    The adoption of the current proposal by the government's ministerial committee on legislation gives the bill momentum as it heads to Israel's parliament, the Knesset. If passed by the parliament, the legislation would become part of Israel's quasi-constitutional series of "Basic Laws" and require a special majority to repeal.
  • Netanyahu's Government Revives Bill on 'Jewish State' Status

    Global News

    The Haaretz newspaper reported on Sunday that if the bill were to become law, Arabic would no longer be an official language and would instead be defined as having special status. Trump is expected in Israel later this month as part of his first foreign trip and the Palestinian president said "we are looking forward to his visit soon to Bethlehem" in the West Bank, with speculation it will occur on May 23.
  • Mnuchin Says US Reserves Right To Be Protectionist

    Mnuchin Says US Reserves Right To Be Protectionist

    Global News

    Mnuchin is taking the opportunity to lay out the Trump administration's views on trade. At both those G-20 gatherings, he refused to sign up to a longstanding explicit shunning of protectionism. European officials complained that the US meaning of "fair trade" remained unclear and that the only way to establish fairness was to abide by the multilateral framework developed by the World Trade Organization.
  • India rules out participation in China's Obor summit citing objections to CPEC

    Global News

    The infrastructure project , couched in China's soft power projections, would help China get road routes that are necessary for both its energy needs and selling goods in Asian, European and African markets. Xi said China wants to deepen cooperation with Pakistan under the framework of the Shanghai Cooperation Organisation. The Pakistan side conveyed that China's strategic policies in the region were for peace and prosperity.
  • Next expose will jolt people of Delhi: Kapil Mishra

    Next expose will jolt people of Delhi: Kapil Mishra

    Global News

    And he also recorded the statement of sacked minister Kapil Mishra into allegation that Chief Minister Arvind Kejriwal had influenced the probe into a Rs 400 crore tanker scam. My question to him is at what time did he meet the chief minister. According to police, the Aam Aadmi Party (AAP) legislator had not taken prior permission to sit on hunger strike outside the Civil Lines house of Mishra.
  • Donald Trump urges peace between Russia and Ukraine

    Global News

    But it acknowledged that it had been misled about the role of the Russian photographer, who was actually employed by a state-run agency, according to a senior administration official who requested anonymity to discuss matters of security.