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Saturday, May 18, 2024

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U.S. firm Elliot abandons its merger bid for Currys

Elliot Advisors, an American investment firm, reconsidered its acquisition offer for Currys after the retailer's board "multiple times" rejected it. It initially made an offer for the electrical chain, valued at £700 million, subsequently increasing to £757 million. However, Currys rejected the offers, asserting they "substantially underestimated" the company's worth.

US investigates Boeing 737 MAX mid-flight blowout

US media reports indicate that prosecutors in the United States have initiated a criminal investigation into the Boeing 737 MAX mid-flight explosion involving an Alaska Airlines aircraft. The Wall Street Journal and The Washington Post reported on Saturday that the Department of Justice (DOJ) has interviewed witnesses, including aircrew, as part of its investigation into the January 5 incident in which a portion of the fuselage blasted off mid-flight.

TikTok user rebellion in the United States over its sales strategy

Calls to American legislators are pouring in from dissatisfied TikTok users who are outraged by the company's parent company's intention to sell the social media application. On Thursday, a U.S. congressional panel approved a measure mandating the sale of TikTok within six months, or the platform could be banned. Prior to this, app users had been prompted with a notification to "take action to prevent a TikTok shutdown."

Nikki Haley defeats Trump in first DC Republican primary

Nikki Haley is the first woman to secure a Republican primary victory after her triumph in Washington, DC. Late on Sunday evening, the former ambassador to the United Nations was proclaimed the victor. Although the triumph provides a marginal advantage for her campaign, former President Donald Trump maintains an enormous lead in the contest for the Republican nomination in the upcoming November presidential election.

14th Amendment: Major Trump 2024 Supreme Court judgement imminent

On Monday, the United States Supreme Court is anticipated to render a decision regarding whether states may invoke a constitutional provision against rebellion to prevent Donald Trump from being included on the 2024 ballot. By invoking a lesser-known constitutional amendment, Colorado successfully excluded him from the Republican primary ballot of the state, citing the January 6th disturbance.

Fashion icon and businesswoman Iris Apfel dies at 102

She stated that the interior designer was last seen commemorating the Leap Year on Thursday, the day after her 102nd birthday. Iris Apfel, a 102-year-old American businesswoman and fashion icon, passed away at her residence in Palm Beach, Florida. Early Saturday morning, the news was confirmed via her social media accounts and by her agent, who called her "extraordinary" and "the epitome of style."

First-time intercourse between two male humpback whales

The "once-in-a-lifetime encounter" occurred in the waters near Maui, Hawaii, while two photographers were out photographing. A marine biologist quickly noticed something peculiar about the images. For the first time, photographers have captured images of humpback whales engaging in sexual activity; the two mammals involved were males.

Biden’s ceasefire hopes by weekend deemed wishful

In exchange for the liberation of hundreds of Palestinian detainees by Israel in exchange for the release of hostages being held captive in Gaza by the militant group, negotiations are underway for a weeks-long ceasefire between the two sides. Joe Biden's assertion that a ceasefire between Israel and Hamas might be imminent was characterised as "wishful thinking."

American Muslims supported Biden in 2020. Will they leave him?

As predicted by polls and analysts, Joe Biden defeated then-incumbent President Donald Trump in Michigan by a much narrower margin in 2020: just over 150,000 ballots. Muslim Americans and Arab Americans, two voter groups that partially overlapped, aided Biden in Michigan and other crucial swing states, including Pennsylvania and Wisconsin, by the margin of a few percentage points.

In Red Sea oil slick from Houthi ship, US warns of ‘disaster’

The United States military has issued a dire environmental warning in response to the oil spill in the Red Sea caused by an attack on a cargo ship by the Houthi militants of Yemen. On 18 February, the UK-owned, Belize-flagged bulk carrier Rubymar was hit by multiple missiles from the Iran-aligned group. It was en route to Bulgaria via the Bab al-Mandeb Strait, which connects the Gulf of Aden to the Red Sea, after leaving Khor Fakkan in the United Arab Emirates.

Trump claims criminal cases boost black support

In South Carolina, before the Republican primary on Saturday, the former President of the United States stated that African Americans had "embraced" his photograph. Donald Trump has claimed that the "discrimination" evident in his four criminal cases has boosted his support among African Americans.

US and Britain bomb over a dozen Houthi sites in Yemen

To defend Red Sea shipping, this is the fourth joint Anglo-American strike against the militant group. In retaliation for an increase in Houthi attacks on vessels in the Red Sea and Gulf of Aden, the United States and the United Kingdom have targeted over a dozen Houthi locations in Yemen.

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Benny Gantz threatens resignation over Gaza plan

The resignation of Mr. Gantz would further increase the dependence of Mr. Netanyahu on far-right allies who have adopted an inflexible stance regarding ceasefire negotiations and the liberation of hostages. A constituent of Israel's three-person war cabinet has issued a resignation threat if the government fails to implement an alternative strategy for the Gaza conflict.

Russian court seizes two European banks’ assets despite Western sanctions

According to court documents, Deutsche Bank and Commerzbank's assets, accounts, properties, and shares in Russia have been seized at the behest of a Russian court in connection with a lawsuit involving the German banks. The banks are guarantor lenders under a contract with the German firm Linde to construct a gas processing facility in Russia. Western sanctions precipitated the project's termination.

Afghan flash flooding claim at least fifty lives

Officials report that at least fifty persons have perished in flash floods in central Afghanistan that were triggered by heavy rainfall. Several others, according to authorities in the province of Ghor, are missing after fleeing to higher ground for protection mere minutes before the floodwaters struck. Additionally, the inundation reportedly caused the demise of thousands of cattle, the destruction of approximately 2,000 dwellings, and extensive damage to many more.

Revolut employees profit from $500m share sale

Revolut, the most valuable fintech company in the United Kingdom, has arranged for Morgan Stanley to facilitate the sale of shares valued at up to £400 million. The highest-ranking fintech company in the United Kingdom, Revolut, is currently formulating strategies to permit its employees to profit from the transfer of stock worth hundreds of millions of pounds.