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Israeli drones attack hospital in southern Gaza, Palestinian Red Crescent says

By IbraheemAbu Mustafa and Nidal al-Mughrabi GAZA/DOHA/TEL AVIV (Reuters) -The Palestinian Red Crescent accused Israel of firing on Friday at a hospital in Khan Younis, as a major advance in the main city in the southern Gaza Strip threatened the few healthcare facilities still open. The Red Crescent said displaced people were injured “due to …

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Three French police officers given suspended jail terms for excessive force during 2017 arrest

By Layli Foroudi and Juliette Jabkhiro BOBIGNY, France (Reuters) – Three French police officers were handed suspended jail sentences for using excessive force during the 2017 arrest of a young Black man, a French court ruled on Friday, sparking protests outside the courtroom calling for police officers to serve time in prison. The arrest of …

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Musk denies report his AI company secures $500 million toward $1 billion funding goal

(Reuters) – Elon Musk has said a report that his artificial intelligence (AI) company, xAI, has secured $500 million in commitments from investors toward a $1 billion goal is inaccurate. “This is simply not accurate,” he said in a reply to a user post about the Bloomberg article on social media platform X. The artificial …

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S&P 500 notches first record high close in 2 years; chipmakers soar

By Noel Randewich and Johann M Cherian (Reuters) -The S&P 500 posted a record high close on Friday for the first time in two years, fueled by a rally in chipmakers and other heavyweight technology stocks on optimism around artificial intelligence. The benchmark’s close confirmed that the S&P 500 has been in a bull market …

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Japan’s SLIM moon craft short on power after successful lunar landing

By Kantaro Komiya and Joey Roulette TOKYO (Reuters) -Japan on Saturday became the fifth country to put a spacecraft on the moon, but solar power issues threatened to cut short the nation’s mission to prove a “precision” landing technology and revitalise a space programme that has suffered setbacks. The Japan Aerospace Exploration Agency (JAXA) said …

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Oil drops slightly on China demand concerns but records weekly gain

By Nicole Jao NEW YORK (Reuters) -Oil prices settled slightly lower on Friday but recorded a weekly gain as Middle East tensions and disruptions to oil output offset concerns about the Chinese and global economies. Brent futures settled 54 cents lower at $78.56 a barrel. U.S. West Texas Intermediate crude fell 67 cents to settle …

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EU assessing situation after Poland says it met conditions for funds

WARSAW (Reuters) -Poland has met the final conditions needed to gain access to 76 billion euros ($83 billion) in funds from the European Union’s 2021-2027 budget, a minister said on Friday, but Brussels said it was still assessing the situation. The European Union has held back billions in funds earmarked for Poland due to concerns …

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S&P 500 nabs record closing high, Treasury yields dip

By Stephen Culp NEW YORK (Reuters) – Tech shares helped power the S&P 500 to its first record high close in two years on Friday to confirm a bull market, while European stocks registered weekly declines amid fading expectations for central bank interest rate cuts. Treasury yields inched lower, while supply concerns arising from simmering …

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Mother and son survive Zambia’s deadly cholera outbreak

LUSAKA (Reuters) – Sandra Nyendwa used to drink unfiltered water in Zambia’s capital Lusaka without concern, until she and her seven-year-old son got cholera in an outbreak sweeping the country. Both fell badly ill last week, joining more than 10,000 people infected by the disease that has killed at least 432 since October, according to …

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Dollar edges lower but poised for weekly gain as early rate cut hopes dim

By Chuck Mikolajczak NEW YORK (Reuters) -The U.S. dollar edged lower on Friday, pausing after five straight sessions of gains but still poised for a weekly climb, as recent economic data and comments from Federal Reserve officials dampened expectations of rapid cuts in interest rates. The greenback strengthened early in the session after economic data …

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