Egyptian President Abdel Fattah el-Sisi poses for a picture with leaders as Egypt hosts emergency Arab summit to discuss Palestinian developments, at Egypt’s New Administrative Capital in Cairo, March 4, 2025. Egyptian Presidency | Via ReutersArab states led by Egypt have accepted a roadmap to rebuild Gaza as the “comprehensive Arab plan,” countering President Donald Trump’s proposal to redevelop the strip, transform Gaza into what he calls the “Riviera of the Middle East,” and displace Palestinians.The White House has effectively rejected the Arab plan, saying “the current proposal does not address the reality that Gaza is currently uninhabitable and residents cannot…
Author: usaeverydaylife
A customer is seen inside a 7-Eleven convenience store along a street in central Tokyo on September 9, 2024. Richard A. Brooks | Afp | Getty ImagesSeven & i Holdings, the parent of 7-Eleven, said Thursday it will replace CEO Ryuichi Isaka with lead independent outside director Stephen Dacus, making a foreigner the top executive for the first time, according to domestic media.Dacus will take charge from Isaka on May 27, according to a company filing. Seven & i said that Isaka will remain as senior adviser to the company.Dacus was currently the head of the company’s special committee that is…
European markets are heading for a higher open on Thursday as investors look ahead to the latest monetary policy decision of the European Central Bank.The U.K.’s FTSE 100 index is expected to open 43 points higher at 8,779, Germany’s DAX up 75 points at 23,185, France’s CAC 52 points higher at 8,249 and Italy’s FTSE MIB 307 points higher at 38,905, according to data from IG. The main focus for European markets on Thursday is the ECB, with the central bank widely expected to cut its key interest rate by 25 basis points, to 2.5%, amid an easing in euro zone inflation…
US President Donald Trump waits to greet British Prime Minister Keir Starmer at the entrance of the West Wing of the White House in Washington, DC, on February 27, 2025. Carl Court | Afp | Getty ImagesTensions between the U.S. and Europe have hit something of a low in recent weeks — and China could be poised to use the spat to bolster its relationships on the continent.Transatlantic strains came to head last week during a disastrous meeting between U.S. President Donald Trump, Vice President JD Vance and Ukrainian President Volodymyr Zelenskyy in the Oval Office. What started out as a…
A swath of Australia’s eastern coast around Brisbane, the country’s third-largest city, was bracing for the first cyclone forecast to make landfall in the region in decades, as the authorities warned of the potential for widespread flooding and destructive winds.The slow-moving Tropical Cyclone Alfred was expected to come ashore late Friday or early Saturday near Brisbane, where about 2.7 million people live. At midday on Thursday, it was hovering about 150 miles off the city and already creating towering waves of record heights. Local authorities have issued “prepare to evacuate” warnings for parts of the city and nearby regions, saying…
Gold bars arranged at the Korea Gold Exchange store in Seoul, South Korea.SeongJoon Cho | Bloomberg | Getty ImagesSouth Korea’s state-run mint is grappling with a gold bar shortage amid robust demand for the precious metal.The Korea Minting and Security Printing Corporation (KOMSCO), which is responsible for the production and distribution of various security products, suspended sales of gold bars last month.KOMSCO attributed the suspension to issues with procuring supply of raw materials, according to a Google translation of the notice on its website. The mint typically supplies bullion bars to Korea’s commercial banks, stores and online shopping malls.Vending machines…
Campaigners attend a protest and candlelit vigil at Chinese Embassy London on June 4, 2023.Guy Smallman | Getty Images News | Getty ImagesHong Kong’s top court unanimously overturned on Thursday the convictions of three former members of a pro-democracy group that organized an annual candlelight vigil to mark China’s 1989 Tiananmen Square crackdown, citing a miscarriage of justice.The ruling is a rare victory for Hong Kong’s pro-democracy movement in which scores of activists have been jailed or forced into exile, with many liberal and popular civil society groups shuttered.In their judgment, the five judges of the Court of Final Appeal, led by Chief Justice Andrew Cheung, said government prosecutors had redacted key facts.That had “deprived the appellants of a…
Indian Prime Minister Narendra Modi and US President Donald Trump hold a joint press conference in the East Room of the White House in Washington DC, United States on February 13, 2025. (Photo by Nathan Posner/Anadolu via Getty Images)Nathan Posner/Anadolu | Anadolu | Getty ImagesThe United States wants India to eliminate tariffs on car imports under a proposed trade deal between the two nations, but New Delhi is reluctant to immediately bring down such duties to zero even as it considers further cuts, sources told Reuters.India’s high auto tariffs will feature in formal talks for a bilateral trade deal that are yet to begin, said one of the three sources, all of whom were briefed…
President Trump said on Wednesday that he would pause tariffs on cars coming into the United States from Canada and Mexico for one month, after a 25 percent tariff that he placed on America’s closest trading partners a day earlier roiled stock markets and prompted stiff resistance from industry.Karoline Leavitt, the White House press secretary, read a statement from Mr. Trump on Wednesday saying that White House had spoken with the three largest auto makers, and that a one-month exemption would be given to cars coming in through United States-Mexico-Canada Agreement.“At the request of the companies associated with U.S.M.C.A., the…
Greg Foran, chief executive officer of Air New Zealand Ltd., during an interview on Nov. 1, 2024.Bloomberg | Bloomberg | Getty ImagesAir New Zealand announced on Thursday that CEO Greg Foran will step down in October after five years at the helm, as the airline navigates global supply chain disruptions and ongoing engine maintenance challenges.Foran, a former Walmart executive, has led the Kiwi flag carrier through a turbulent period, with the airline facing unique hurdles compared to its global peers, partly due to its geographic isolation.New Zealand’s relatively small domestic market and intense competition from Australian rivals Qantas Airways and Virgin Australia have intensified the airline’s challenges.Joining Air New Zealand just as the COVID-19 pandemic loomed, Foran tackled a series of crises, from…
