Moroccan Senate President’s Historic Visit to Israel Delayed Due to Medical Emergency
The unexpected delay in Moroccan Senate President Enaam Mayara’s historic visit to Israel due to a medical emergency has cast a momentary pause on burgeoning diplomatic relations between the two nations. Mayara’s intended visit to Israel’s Knesset was poised to mark a pivotal moment, as he would have been one of the few Muslim leaders to enter the Israeli parliament. This delay comes against the backdrop of the 2020 Abraham Accords, which normalized relations between Israel and Morocco, among other Arab nations. Despite regional tensions, Israel’s relations with Morocco remain robust, with strong trade ties and shared interests. This delay serves as a temporary interruption in a promising diplomatic journey.
Exclusive: China readying $143 billion package for its chip firms in face of U.S. curbs
China is working on a more than 1 trillion yuan ($143 billion) support package for its semiconductor industry, three sources said, in a major step towards self sufficiency in chips and to counter U.S. moves aimed at slowing its technological advances.
Taiwan seeks to reassure on TSMC commitment to island despite U.S. investment
Taiwan’s economy minister said on Wednesday that the island remains chipmaker TSMC’s most important production base after the company announced it would more than triple planned investment at its new Arizona plant to $40 billion.
Kanye West to buy social media app Parler
American rapper Kanye West, who now goes by Ye, has proposed to buy Parler, the social media platform popular among U.S. conservatives, parent Parlement Technologies said on Monday.
Oil prices climb on concerns over tight supplies
Oil prices rose on Tuesday as worries about tight fuel supplies ahead of winter offset investor concerns about falling demand in China, the world’s biggest crude importer.
S.Korea to attend preliminary meeting of U.S.-led chipmaker group
South Korea is expected to attend a preliminary meeting for a U.S.-led group of major microchip manufacturers including Taiwan and Japan, South Korea’s foreign minister said on Thursday.
Exclusive: Biden’s emergency board calls for railroad wage hikes to resolve contract talks
U.S. President Joe Biden’s emergency board tasked with helping major freight railroads and unions end a contract negotiation stalemate proposed on Tuesday annual wage increases of between 4% and 7% through 2024, according to a report seen by Reuters.
Exclusive: Saudi, UAE save oil firepower in case of winter supply crisis
OPEC leaders Saudi Arabia and the United Arab Emirates stand ready to deliver a “significant increase” in oil output should the world face a severe supply crisis this winter, sources familiar with the thinking of the top Gulf exporters said.
Oil drops as weak Chinese factory data heightens demand concerns
Oil prices dropped on Monday as weak manufacturing data from China and Japan weighed on the demand outlook while investors braced for this week’s meeting of officials from OPEC and other top crude producers on supply adjustments.
Oil prices pushed up by low chances of OPEC+ supply boost
Oil prices rose in European trading on Friday as attention turned to next week’s OPEC+ meeting and expectations that it will dash U.S. hopes for a supply boost.
