Author: ALJAZEERA

The International Energy Agency says shipping disruptions provide a short-term boost to the oil market with demand at 1.3 million barrels per day.Global oil demand is forecast to grow more than expected due to the rising fuel needs of ships rerouted away from the Red Sea amid attacks by Yemen’s Houthi rebels and a brighter economic outlook in the United States, the International Energy Agency (IEA) has said. In its monthly oil report released on Thursday, the Paris-based agency made a 110,000 barrels per day (bpd) upward revision of global oil demand from its previous forecast as attacks by Yemen’s…

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Israeli forces have shot dead at least six Palestinians and wounded 83 in Gaza City as they were waiting for food and humanitarian supplies at the Kuwait Roundabout, an area where large groups of people gather for arriving aid trucks. The attack on Thursday took place hours after at least five people were killed by an Israeli air strike on a food distribution centre in Rafah, southern Gaza, run by the United Nations Relief and Works Agency for Palestinian Refugees in the Near East (UNRWA), which is the main humanitarian agency in Gaza. There has been an uptick in fatal…

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Islamabad, Pakistan — When Pakistan’s 19-member new cabinet took oath on March 11, one man stood out in the lineup: Muhammad Aurangzeb, a political outsider tasked with the challenge of steering the country out of its economic woes. Aurangzeb, a veteran banker who previously headed one of Pakistan’s largest commercial banks, Habib Bank Limited (HBL), has been given the reins of a $350bn economy over several other contenders, including the four-time finance minister Ishaq Dar. A graduate of the Wharton School of Business at the University of Pennsylvania, Aurangzeb also worked in major international banks, such as Citibank and JP Morgan,…

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An Israeli tank killed Reuters reporter Issam Abdallah in Lebanon last year by firing two 120mm rounds at a group of “clearly identifiable journalists” in violation of international law, a United Nations investigation into the October 13 incident has found. The investigation by the UN Interim Force in Lebanon (UNIFIL), summarised in a report seen and reported by Reuters on Wednesday, said its personnel did not record any exchange of fire across the border between Israel and Lebanon for more than 40 minutes before the Israeli Merkava tank opened fire. “The firing at civilians, in this instance clearly identifiable journalists,…

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The United States House of Representatives has overwhelmingly passed a bill that could eventually ban the social media platform TikTok in the country, in its latest salvo against both China and big tech. The bill received resoundingly bipartisan support, with vote of 352 to 65 in favour. It now heads to the 100-member Senate, where its prospects are less clear. For his part, President Joe Biden has said he would sign the bill into law if it reached his desk. If that happened, TikTok’s Chinese owner ByteDance would be given about six months to divest from its US assets or…

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Spy agencies say Hamas and its tunnel network will not be destroyed.In its annual threat report, the United States’ intelligence community has concluded that Hamas cannot be destroyed. The group’s elimination is a core aim of Israeli Prime Minister Benjamin Netanyahu’s merciless onslaught in Gaza. So why is the US continuing to arm Israel, to fight a war it doesn’t believe can be won? Presenter: James Bays Guests: Glenn Carle – Served for more than 20 years in the clandestine services of the CIA and is now a US national security and foreign policy specialist Yossi Mekelberg – Associate fellow…

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Tokyo-based startup Space One was aiming to become the first private Japanese firm to put a satellite into orbit.A small Japanese rocket exploded shortly after launch in a blow to Tokyo-based startup Space One’s attempt to become the first local company to put a satellite into orbit. The 18-metre (60 feet), four-stage solid-fuel rocket called Kairos exploded into pieces seconds after liftoff at 11.01am (02:01 GMT) on Tuesday, filling livestream screens with pictures of flames and billowing clouds of smoke. Burning debris could be seen falling onto the surrounding mountain slopes as sprinklers began spraying water. Space One said the…

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