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Global stocks sink after Credit Suisse takeover

Published Sat, 22 Feb 2025 06:56:37 GMT

BEIJING (AP) — Global stock markets sank Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis ahead of a Federal Reserve meeting to decide on more possible interest rate hikes.Hong Kong’s main index slid more than 3%. Market benchmarks in Frankfurt and Paris opened down more than 1%. Shanghai, Tokyo and Sydney also declined. Wall Street futures were off 1%. Oil prices plunged more than $2 per barrel. Swiss authorities on Sunday announced UBS would acquire its smaller rival as regulators try to ease fears about banks following the collapse of two U.S. lenders. Central banks announced coordinated efforts to stabilize lenders, including a facility to borrow U.S. dollars if necessary.Investors worry banks are cracking under the strain of unexpectedly fast, large rate hikes over the past year to cool economic activity and inflation. Prices of bonds and other assets on their books fell, fueling unease about the industry...

Ukraine: Volunteer specialist doctors run clinics near front

Published Sat, 22 Feb 2025 06:56:37 GMT

KHRESTYSHCHE, Ukraine (AP) — In a cramped municipal building in this former front-line village, its front window boarded up with plywood, a team of volunteer specialist doctors have set up a mobile clinic. For the residents, it’s a lifeline. Even before Russia’s war, access to specialist medical help was available only to those who could get to the city, but the village near the eastern Ukrainian city of Sloviansk did have a primary care doctor. Now, with the village health clinic damaged by the war, its residents have been left with little access to health care, and in particular to specialist care. “There is no doctor. We are without a doctor. They left us alone,” wept Mariia Hrebenko, 79, as a doctor took her blood pressure and tried to calm her, gently patting her hand. “No one is helping us.”The limited availability of health care has led to an exacerbation of existing illnesses that could be easily treated with regular medical attention, said Bohdan Avramenko, a 27-year-...

New Zealand’s foreign minister to visit counterpart in China

Published Sat, 22 Feb 2025 06:56:37 GMT

WELLINGTON, New Zealand (AP) — New Zealand’s Foreign Minister Nanaia Mahuta will visit her counterpart Qin Gang in Beijing this week in the first trip by a New Zealand minister to China in four years, officials said Monday.But the visit comes at an awkward time, with Chinese President Xi Jinping planning to visit Moscow this week, giving a diplomatic boost to Russian President Vladimir Putin after the International Criminal Court announced it wants to put him on trial for alleged war crimes.New Zealand Prime Minister Chris Hipkins said New Zealand’s position on Russia remained unchanged.“We are emphatically opposed to Russia’s invasion of Ukraine,” Hipkins said. “We are also very opposed to any suggestions that other countries might support Russia’s illegal invasion of Ukraine.”But Hipkins said it was nevertheless time to reestablish in-person ties with China after the easing of COVID-19 travel restrictions. “China is a very important relationship to New Zealand and obvi...

Millions of rotting fish to be removed from Outback river

Published Sat, 22 Feb 2025 06:56:37 GMT

CANBERRA, Australia (AP) — Contractors are being hired to remove millions of rotting fish from a river in the Australian Outback after a unprecedented die-off following floods and hot weather, police said on Monday.The fish started dying in the Darling River near the New South Wales town of Menindee on Friday. Officials say the die-off likely occurred because fish need more oxygen in hot weather, but oxygen levels in the water dropped after recent floods receded.Police Assistant Commissioner Brett Greentree said keeping the town’s water supply pure was the main priority and removing the dead fish was the next most pressing issue. Trained contractors had been contacted about removing the fish with nets, but dates for the work haven’t been set.“I’m certainly not making promises that all the millions of fish will be removed by contractors because that is really a logistical nightmare,” Greentree said.“I understand and acknowledge the smell and sights on the river — nobody wants t...

UN science report to provide stark climate warning

Published Sat, 22 Feb 2025 06:56:37 GMT

BERLIN (AP) — A major new United Nations report being released Monday is expected to provide a sobering reminder that time is running out if humanity wants to avoid passing a dangerous global warming threshold.The report by hundreds of the world’s top scientists is the capstone on a series that summarizes the research on global warming compiled since the Paris climate accord was agreed in 2015.It was approved by countries at the end of a week-long meeting of the United Nations’ Intergovernmental Panel on Climate Change report in the Swiss town of Interlaken, meaning governments have accepted its findings as authoritative advice on which to base their actions.At the start of the meeting U.N. Secretary-General Antonio Guterres warned delegates that the planet is “ nearing the point of no return ” and they risk missing the internationally agreed limit of 1.5 degrees Celsius (2.7 Fahrenheit) of global warming since pre-industrial times.That’s because global emissions of carbon dio...

Their world was the oyster: Oldest pearl town found in UAE

Published Sat, 22 Feb 2025 06:56:37 GMT

SINIYAH ISLAND, United Arab Emirates (AP) — Archaeologists said Monday they have found the oldest pearling town in the Persian Gulf on an island off one of the northern sheikhdoms of the United Arab Emirates. Artifacts found in this town on Siniyah Island in Umm al-Quwain, likely once home to thousands of people and hundreds of homes, date as far back as the region’s pre-Islamic history in the late 6th century. While older pearling towns have been mentioned in historical texts, this represents the first time archaeologists say they have physically found one from this ancient era across the nations of the Persian Gulf. “This is the oldest example of that kind of very specifically Khaleeji pearling town,” said Timothy Power, an associate professor of archaeology at the United Arab Emirates University, using a word that means “Gulf” in Arabic. “It’s the spiritual ancestor of towns like Dubai.” The pearling town sits on Siniyah Island, which shields the Khor al-Beida m...

Japan PM Kishida to announce new Indo-Pacific plan in India

Published Sat, 22 Feb 2025 06:56:37 GMT

NEW DELHI (AP) — Japan’s Prime Minister Fumio Kishida arrived Monday in India, where he is expected to announce a new plan for a free and open Indo-Pacific and deepen Tokyo’s bilateral relationship with New Delhi ahead of the Group of Seven major industrial nations summit in May.Kishida said late Sunday that he will present his new action plan for Japan’s free and open Indo-Pacific vision during a speech Monday in New Delhi. The plan is expected to include Japan’s support for human development in maritime security, a provision of coast guard patrol boats and equipment and other infrastructure cooperation.India, which is heading this year’s Group of 20 industrial and emerging-market nations, says ties with Japan are key to stability in the region. The two nations, along with the United States and Australia, make up the Indo-Pacific alliance known as the Quad that is countering China’s rising influence in Asia.India is the only Quad member that has not condemned Russia’s invasion of U...

Top Ukraine and US defence officials discussed military aid in call

Published Sat, 22 Feb 2025 06:56:37 GMT

A group of senior U.S. security officers met via video to discuss military assistance to Kyiv. This was according to President Volodymyr Zilenskiy's chief staff.Telegram: Andriy Yarmak said that they had discussed providing additional assistance for our country, including vehicles, weapons, and ammunition.Yermak stated that he, Ukraine's Defense Minister Oleksii Reznikov and top general Valeriy Zaluzhnyi were among the attendees.The other side was represented by Lloyd Austin, the top military commander Mark Milley and Jake Sullivan, the White House National Security Advisor.Yermak didn't give specific details to the U.S. side.This meeting was held as Kyiv sought to obtain sufficient arms supplies from its Western backers (of which the U.S. is the most important), to mount a counter-offensive to try to retake territory that Moscow had taken last year.Yermak said that Zelenskiy was present at the meeting to express his views about the liberation of Ukrainian territory occupied by Russ...

The 10 most expensive homes that reported sold in Danville, San Ramon, Dublin, Pleasanton the week of March 6

Published Sat, 22 Feb 2025 06:56:37 GMT

A house in San Ramon that sold for $3.2 million tops the list of the most expensive real estate sales in Danville, San Ramon, Dublin, Pleasanton in the last week.In total, 10 real estate sales were recorded in the area during the past week, with an average price of $1.8 million. The average price per square foot was $675.The prices in the list below concern real estate sales where the title was recorded during the week of March 6 even if the property may have been sold earlier.10. $1.4 million, single-family house in the 4100 block of Sola CourtThe sale of the single-family home in the 4100 block of Sola Court, Dublin, has been finalized. The price was $1,440,000, and the new owners took over the house in February. The house was built in 2000 and has a living area of 2,009 square feet. The price per square foot was $717. The house features 4 bedrooms and 3 bathrooms.Sola Court9. $1.5 million, detached house in the 2400 block of Sanderling DriveThe sale of the single family residence...

Top Afghan Taliban leader issues decree against nepotism

Published Sat, 22 Feb 2025 06:56:37 GMT

ISLAMABAD (AP) — The supreme leader of the Taliban has issued a decree against nepotism, barring officials in Afghanistan’s Taliban administration from hiring relatives in government positions. The shadowy leader, Mullah Hibatullah Akhundzada, also ordered all Taliban officials to sack their sons and other relatives who are already working in their administration. The decree was posted late on Saturday on the Taliban government’s Twitter account. “It is an order to all officials in the ministries, departments and independent authorities that no one is allowed to appoint family members or relatives in government positions,” the decree said. The tweet did not elaborate on the reasons behind the decree but it followed rumors that many Taliban officials have appointed their sons and relatives in high-ranking government positions rather than professionals or those with experience needed for the posts. Taliban government spokesmen were not immediately available on Monday to el...