News

By SAMY MAGDY Associated Press CAIRO (AP) — The Egyptian pound has slipped sharply against the dollar after the Central Bank of Egypt raised its main interest rate and said it would allow the currency’s exchange rate to be set by market forces. Commercial banks were trading the U.S. currency at more than 47 pounds

By JOSEPH WILSON Associated Press BARCELONA, Spain (AP) — Spanish state prosecutors have accused Real Madrid coach Carlo Ancelotti of alleged tax fraud during his first stint at the club, claiming he used shell companies to hide parts of his income. Prosecutors in Madrid say in a statement that they are accusing Ancelotti of two

DUBAI, United Arab Emirates (AP) — Abu Dhabi-based Etihad Airways says it saw a $143 million in profit last year, citing an increase in passengers as fueling the gains. The profit, though slim, represents success for the long-troubled airline, which like other carriers suffered massive losses during the lockdowns of the coronavirus pandemic. Etihad said

COPENHAGEN, Denmark (AP) — A painting by Denmark’s Queen Margrethe, who stunned the public by abdicating earlier this year, has been sold at auction in Copenhagen for $23,300 — exceeding the estimated price. The artistic works of the 83-year queen have been exhibited at museums in Denmark and abroad. The 1998 acrylic painting, which had

BARCELONA, Spain (AP) — Spain’s Maritime Rescue Service says four migrants were found dead and 64 others were rescued when a boat from Mauritania reached the Canary Islands. The rescued migrants, including two women and nine minors arrived on the island of El Hierro late on Tuesday evening. Two people were transferred by helicopter to

By ZIMO ZHONG Associated Press HONG KONG (AP) — World shares were mostly higher on Wednesday after tumbling Big Tech stocks dragged Wall Street to its worst day in three weeks. Most major markets logged gains, though Shanghai edged lower and Tokyo’s benchmark was flat. Oil prices advanced. Germany’s DAX added 0.1% to 17,718.00 and

By HYUNG-JIN KIM Associated Press SEOUL, South Korea (AP) — South Korea’s president vows that he won’t tolerate the prolonged walkouts by junior doctors, calling them “an illegal collective action” that threatens public health. President Yoon Suk Yeol’s tough statement made during a Cabinet meeting Wednesday comes as his government is taking steps to suspend

By ROD McGUIRK Associated Press MELBOURNE, Australia (AP) — Australia’s Prime Minister Anthony Albanese says he is concerned by “unsafe and destabilizing behavior” in the South China Sea such as the latest collision between Chinese and Philippine ships. He spoke on Wednesday after wrapping up a Southeast Asian leaders’ summit that called for disputes to

MOSCOW (AP) — The U.N. atomic watchdog agency’s director has arrived in Russia for talks on nuclear safety in Ukraine, where Europe’s largest nuclear power plant is at risk amid fighting. The International Atomic Energy Agency has repeatedly expressed alarm about the Zaporizhzhia Nuclear Power Plant amid fears of a potential nuclear catastrophe. The plant

By SAMY MAGDY Associated Press CAIRO (AP) — The top U.N. food official has warned that the ruinous conflict raging for about a year between rival generals in Sudan risks creating the world’s largest hunger crisis. Cindy McCain, head of the World Food Program, said on Wednesday that the fighting in Sudan has shattered the

By JOSEPH KRAUSS Associated Press Over the last five months, Israel has killed thousands of Hamas fighters, destroyed dozens of their tunnels and wreaked unprecedented destruction on the Gaza Strip. But it still faces a dilemma that was clear from the start of the war and will ultimately determine its outcome: It can either try

By ANDREW DeMILLO Associated Press LITTLE ROCK, Ark. (AP) — Arkansas Supreme Court Justices Karen Baker and Rhonda Wood advanced to a runoff election for chief justice this fall, ensuring that for the first time a woman will be elected to lead the seven-member panel. Justice Barbara Webb and former state legislator Jay Martin were