MOODY’S WARNS ON FRENCH DEBT OUTLOOK AMID POLITICAL GRIDLOCK

Thu 11 July 2024: France’s sovereign rating is at risk if political wrangling sees its fiscal and debt metrics materially worsen, according to Moody’s Investors Service. The rating company warned in a note published late Monday that the nation’s outlook may be lowered to negative from stable if it observes a larger deterioration in the […]

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SA TO CONTINUE ADVOCATING FOR PALESTINIAN RIGHTS, SAYS NEW FOREIGN MINISTER LAMOLA

Thu 11 July 2024: South Africa’s newly appointed Foreign Minister Ronald Lamola said Thursday his country will continue to act within global institutions to protect the rights of Palestinian people and ensure the fair application of international law for all.  Speaking in his first public discussion on foreign policy in Cape Town since his appointment […]

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CAPE TOWN SCHOOLS CLOSED, 15 000 PEOPLE AFFECTED BY SEVERE WEATHER

Thu 11 July 2024: The Western Cape Government (WCG) continues to provide shelter, food, and blankets to the homeless as the province faces heavy downpours, resulting in the closure of many schools. The province announced that schools in the Cape Town metro districts, Cape Winelands and Overberg districts as well as parts of the West […]

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RUSSIA BANS ‘MOSCOW TIMES’ SITE FOR ‘DISCREDITING RUSSIAN LEADERSHIP’

The Moscow Times, which for years published an English-language paper, is popular among Russia-watchers abroad. Photograph: The Moscow Times Thu 11 July 2024: Russia has designated the Moscow Times as an “undesirable organization,” effectively banning its operations within the country and exposing anyone cooperating with it to legal action. This move is part of the Kremlin’s […]

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CNN CUT 100 JOBS, LAUNCHES DIGITAL SUBSCRIPTIONS AS REVENUE AND AUDIENCE DWINDLE

Thu 11 July 2024: CNN is set to cut around 100 jobs and introduce digital subscriptions by the end of the year as part of a major business restructuring. In a memo, CNN CEO Mark Thompson announced the job cuts, which represent a small fraction of the network’s 3,500-strong workforce, emphasizing that the company aimed […]

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US RESUMES SENDING SHIPMENTS OF 500-POUND BOMBS TO ISRAEL

Thu 11 July 2024: The United States has agreed to resume shipping 500-pound bombs to Israel while continuing to hold back supplies of powerful 2,000-pound bombs over concerns that Israeli forces will use the weapons in densely populated areas of Gaza, a US official said. The US in May paused one shipment of 2,000-pound (900kg) and 500-pound (230kg) […]

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MUCH OF HAMAS TUNNEL NETWORK IN GAZA STILL IN ‘GOOD FUNCTIONAL STATE’

Thu 11 July 2024: After nine months of war, much of Hamas’s tunnel network in the Gaza Strip is still in a “good functional state” in many parts of the besieged enclave, and the Palestinian group still has the capacity to organize attacks close to the border with Israel and possibly even across it, Channel […]

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NATO TO ‘DEFEND EVERY INCH’ OF ITS TERRITORY: BIDEN

Wed 10 July 2024: US President Joe Biden says NATO allies are committed to keeping alliance strong and will work together to “defend every inch of NATO territory”. NATO member countries say they have begun transferring F-16 fighter jets to Ukraine to help bolster its defence against Russia’s invasion. Announcement comes as leaders of military alliance’s […]

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SAUDI ARABIA FLEXES DIPLOMATIC MUSCLE: WARNS G7 OVER RUSSIAN ASSET SEIZURE

Wed 10 July 2024: In what is perceived as a veiled threat, Saudi Arabia warned G7 nations earlier this year that it might sell off European debt holdings if the group decided to seize nearly $300 billions of Russia’s frozen assets, Bloomberg has reported. The move, which was being considered to support Ukraine, was seen as a veiled threat […]

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