CAIRO – Libya’s parliament-appointed prime minister, Fathi Bashagha, has arrived in the capital Tripoli, Al Arabiya TV said on Tuesday, citing the interior minister in his government. The eastern-based parliament appointed Bashagha in March but Abdulhamid al-Dbeibah, the incumbent appointed last year, refused to cede power, leading to a prolonged standoff between the two rival governments. “The Libyan government will carry on its duties from the capital Tripoli,” said the minister, Issam Abu Zariba, adding…"Libya’s Bashagha arrives in Tripoli -Al Arabiya"
SHENZHEN, China – China’s strict COVID-19 controls will hamper foreign investment into the country for years to come as limits on travel block the pipeline for projects, the President of the American Chamber of Commerce warned on Tuesday. There are few signs that American companies are leaving the China market, but the years-long process of research and due diligence for projects has been delayed, Michael Hart said at an event launching the chamber’s annual report.…"China’s COVID controls will impact foreign investment for years – U.S. lobby"
BEIJING – Carbon dioxide emissions from the world’s steel sector will fall 30% by 2050 compared with last year as more mills turns to less-polluting electric arc furnaces (EAF), consultancy Wood Mackenzie said in a study on Tuesday. Around 48% of global crude steel will be made via EAF by 2050, according to Woodmac, increasing from 30% in 2021 and almost on a par with traditional blast furnace steelmaking. “Together with green hydrogen-based direct reduced…"Steel industry carbon emissions to drop nearly 1/3 by 2050 – Woodmac"
ABUJA – Nigeria’s economic crimes agency said on Monday night it had arrested the country’s accountant general over charges of diverting public funds and money laundering to the tune of 80 billion naira ($193 million). Africa’s biggest economy and energy producer, Nigeria has struggled for decades with endemic corruption among senior public servants and the political elite, who many Nigerians blame for widespread poverty in the country. The Economic and Financial Crimes Commission (EFCC) said…"Nigeria’s accountant general faces corruption charges after arrest"
LONDON – Russia said on Monday that it had agreed to evacuate wounded Ukrainian soldiers from the bunkers below the besieged Azovstal steel works in Mariupol to a medical facility in the Russian-controlled town of Novoazovsk. “An agreement has been reached on the removal of the wounded,” the Russian defence ministry said in a statement. “A humanitarian corridor has been opened through which wounded Ukrainian servicemen are being taken to a medical facility in Novoazovsk.”…"Russia says it will evacuate wounded Ukrainian soldiers from Azovstal"
LUCKNOW,India – A court in north India on Monday ordered authorities to limit large Muslim prayer gatherings in the historic Gyanvapi mosque after a survey team found relics of the Hindu god Shiva and other Hindu symbols there, lawyers involved in the case said. Earlier this month, the court in Varanasi set up a team to survey the premises after five women sought permission to perform Hindu rituals in one of its quarters saying that…"Indian court prohibits large religious gathering at mosque after Hindu idols found-lawyers"
KYIV – Weather conditions for the development of Ukrainian spring and winter crops were satisfactory in early May and most of the crops are in good or satisfactory condition, analyst APK-Inform said on Monday. Ukraine has almost completed its early spring grain sowing and the area would be 20% to 30% smaller than in peace time because of fighting in southern and eastern regions of the country, one of the world’s biggest wheat exporters. “Weather…"Weather mostly favours Ukrainian grain crops in May, consultancy says"
SANAA – Yemen’s national airline operated on Monday its first commercial flight in years from the capital Sanaa, raising hopes for renewal of a U.N.-brokered truce in the seven-year-old conflict that has pitted a Saudi-led coalition against the Iran-aligned Houthis and put Middle East security in peril. Water canons sprayed Sanaa airport’s runway as an airplane of the national carrier Yemenia landed against a backdrop of destroyed buildings surrounding the airfield. Dozens of Yemenis, including…"First commercial flight takes off from Sanaa, raising Yemen peace prospects"
BRUSSELS -EU foreign ministers sought to publicly pressure Hungary on Monday to lift its veto on a proposed oil embargo on Russia, with Lithuania saying the bloc was being “held hostage by one member state”. The embargo proposed by the European Commission in early May would be the harshest sanction yet after Moscow’s Feb. 24 invasion of Ukraine and includes carve-outs for EU states most dependent on Russian oil. But Hungary, Moscow’s closest ally in…"EU ministers urge Hungary to sign up to planned Russian oil embargo"
MANAMA -Saudi Arabia is on track to lift oil production capacity by more than 1 million barrels per day to over 13 million barrels bpd by the end of 2026 or start of 2027, the energy minister said on Monday. Prince Abdulaziz bin Salman told an energy conference in Bahrain that production could be maintained at that level once it was reached should market demand require it. The prince also said all upstream investments would…"Saudi Arabia on track to hit oil output of over 13 million bpd by 2027 -minister"