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Oil jumps on Hormuz tensions, stocks mostly retreat

Oil jumps on Hormuz tensions, stocks mostly retreat

US and European stocks reversed Monday as oil prices surged over fears hostilities could resume in the weeks-long Middle East war after Iran closed the Strait of Hormuz following its brief reopening. Investors were on edge approaching the end of the US-Iran ceasefire, with Washington saying it will

Wembanyama 'changing the game as we speak', says Nowitzki

Wembanyama 'changing the game as we speak', says Nowitzki

German basketball legend Dirk Nowitzki has told AFP that Victor Wembanyama, who won on his NBA playoff debut on Sunday, was "changing the game as we speak". In an interview on Monday ahead of his induction into the FIBA Hall of Fame, Nowitzki said he was stunned by

Top US court to hear case of Catholic schools excluded from state funding

Top US court to hear case of Catholic schools excluded from state funding

The US Supreme Court agreed on Monday to hear a challenge by Catholic preschools to a state requirement that they enroll children of gay or transgender parents in order to receive public funds. Colorado provides state funding for tuition at public or private preschools, including faith-based institutions, but has

Trump Fed chair pick to vow interest rate independence at key hearing

Trump Fed chair pick to vow interest rate independence at key hearing

Kevin Warsh, US President Donald Trump's choice to lead the Federal Reserve, will stress his dedication to central bank independence on interest rates at a crucial confirmation hearing Tuesday, according to prepared remarks seen by AFP. "I am committed to ensuring that the conduct of monetary policy

EU to host Taliban officials for talks on deporting Afghans

EU to host Taliban officials for talks on deporting Afghans

Taliban officials are expected in Brussels in the coming weeks for talks on deporting Afghans from the EU to their home country, sources told AFP. The European Union has been working on plans to deport those with no right to stay in the bloc back to Afghanistan, despite concerns from

Blue Origin probing rocket's failure to deliver satellite

Blue Origin probing rocket's failure to deliver satellite

The Federal Aviation Administration said Monday it is requiring Blue Origin to conduct a "mishap investigation" after the space company's New Glenn rocket failed to deliver a communications satellite into the correct orbit. On Sunday, the space company owned by Jeff Bezos successfully reused and recovered

Swiss football club turn down Kanye West concert approach

Swiss football club turn down Kanye West concert approach

Swiss football club FC Basel on Monday confirmed to AFP they had turned down an approach about staging a Kanye West concert at their St. Jakob-Park ground. The US rapper had a string of performances in Europe lined up over the coming months, but several have been cancelled or