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Saudi Aramco to invest billions in Chinese petrochemicals

Published Sat, 22 Feb 2025 06:52:27 GMT

RIYADH, Saudi Arabia (AP) — Saudi Arabia’s state-owned oil giant Aramco will invest billions of dollars in China’s downstream petrochemicals industry, including the construction of a new refinery, the company said in deals announced Sunday and Monday.The announcements came as the company posted a record profit of more than $160 billion in 2022 and as Saudi Arabia, a longtime U.S. ally, has developed closer ties with Beijing in recent years. Aramco will acquire a 10% interest in China’s Rongsheng Petrochemical Co. Ltd,, a purchase valued at $3.6 billion. Under a long-term sales agreement, Aramco will supply 480,000 barrels per day to Rongsheng affiliate Zhejiang Pettroleum and Chemical Co. Ltd., which owns and operates China’s largest refining and chemicals complex.“This announcement demonstrates Aramco’s long-term commitment to China and belief in the fundamentals of the Chinese petrochemicals sector,” Aramco executive vice president Mohammed Al Qahtani...

Banks lead stock gains after First Citizens buys SVB assets

Published Sat, 22 Feb 2025 06:52:27 GMT

NEW YORK (AP) — Stocks are rising on Wall Street Monday as battered bank stocks show more strength, at least for now. The S&P 500 was 0.6% higher in early trading Monday. The Dow and the Nasdaq composite also rose. Markets have been in turmoil following the second-and third-largest U.S. bank failures in history earlier this month. Investors have been hunting for what banks could be next to fall as the system creaks under the pressure of much higher interest rates. First Citizens’ stock soared after saying it would buy most of Silicon Valley Bank, whose failure sparked the industry’s furor earlier this month. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.U.S. futures shot higher early Monday, with bank stocks mostly gaining after the Federal Deposit Insurance Corp. said it had agreed to the sale of troubled Silicon Valley Bank to North Carolina-based First-Citizens Bank & Trust Co. Futures for the Dow Jones Industrial Average and S&P 500 each climbed 0....

Report: Queen Elizabeth II asked Germany for pricey horses

Published Sat, 22 Feb 2025 06:52:27 GMT

BERLIN (AP) — Two horses fit for a queen, please.That’s what Britain’s Queen Elizabeth II had asked for as a gift during her state visit to Germany in 1978, weekly Der Spiegel reported Monday.The expensive present raised eyebrows among German bureaucrats at the time, who noted that the cost of the Holsteiner and Gray horses was more than for any other offering made to a visiting head of state since the end of World War II.Nevertheless, Germany’s then-President Walter Scheel approved the gift in the interests of good bilateral relations, Der Spiegel reported citing previously confidential archive papers.The magazine reported that the papers also noted the late monarch’s aperitif preferences — gin and tonic — and dislike of helicopters.Records showed that the British embassy had concerns about possible protests if Elizabeth visited Dresden during her trip in 1992. In the end she did attend a church service and was largely welcomed by locals in the city that was...

Israeli diplomats in Canada join strike against Netanyahu’s judicial overhaul

Published Sat, 22 Feb 2025 06:52:27 GMT

OTTAWA — Israeli diplomats in Canada have joined a strike against Prime Minister Benjamin Netanyahu’s plan to overhaul the country’s judiciary.Israeli Embassy spokesman Eli Lipshitz confirmed that mission in Ottawa is closed in accordance with a decision by Israel’s largest trade union, Histadrut.The consulates in Toronto and Montreal are also closed and on strike.“In accordance with the decision of the labour union (in) Israel, that civil servants are unionized under, all missions abroad are currently on strike and are closed,” Lipshitz said in a statement.Histadrut spokesman Yaniv Levy says missions are providing only emergency services.Workers from across a range of fields went on strike Monday in a bid to ramp up pressure on Netanyahu to scrap the overhaul plan.The planned overhaul has plunged Israel into one of its worst domestic crises. Departing flights from the country’s main international airport have been grounded, universities have shut their...

Humza Yousaf elected as Scottish National Party’s new leader

Published Sat, 22 Feb 2025 06:52:27 GMT

LONDON (AP) — Scotland’s governing Scottish National Party elected Humza Yousaf as its new leader on Monday after a bruising five-week contest that exposed deep fractures within the pro-independence movement.The 37-year-old son of South Asian immigrants is set to become the first person of color to serve as Scotland’s first minister.Yousaf, who currently is Scotland’s health minister, beat two other Scottish lawmakers in a contest to replace First Minister Nicola Sturgeon. She unexpectedly stepped down last month after eight years as leader of the party and of Scotland’s semi-autonomous government.Yousaf, who is due to be confirmed as first minister by Scottish lawmakers on Tuesday, faces the challenge of uniting the SNP and reenergizing its campaign for Scottish independence from the United Kingdom.“Just as I will lead the SNP in the interests of all party members, not just those who voted for me, so I will lead Scotland in the interests of all our citizens whatever your political ...

Celebrity birthdays for the week of April 2-8

Published Sat, 22 Feb 2025 06:52:27 GMT

Celebrity birthdays for the week of April 2-8:April 2: Actor Linda Hunt is 78. Actor Sam Anderson (“Lost,” ″ER,” ″Perfect Strangers”) is 76. Singer Emmylou Harris is 76. Actor Pamela Reed is 74. Drummer Dave Robinson of The Cars is 74. Country singer Buddy Jewell is 62. Actor Christopher Meloni (“Law and Order: Special Victims Unit”) is 62. Singer Keren Woodward of Bananarama is 62. Country singer Billy Dean is 61. Actor Clark Gregg (“Marvel’s Agents of S.H.I.E.L.D.,” ″The New Adventures of Old Christine”) is 61. Actor Jana Marie Hupp (“Ed”) is 59. Guitarist Greg Camp (Smash Mouth) is 56. Guitarist Tony Fredianelli (Third Eye Blind) is 54. Actor Roselyn Sanchez (TV’s “Grand Hotel,” ″Without a Trace”) is 50. Actor Pedro Pascal (“Game of Thrones”) is 48. Actor Adam Rodriguez (“Criminal Minds,” ″CSI: Miami”) is 48. Actor Michael Fassbender (“Shame,” ″Inglourious Basterds”) is 46. Keyboardist Jesse Carmichael of Maroon 5 is 44. Actor Bethany Joy Lenz (formerly Galeotti) (“One Tree Hill”...

Man stabbed on South Side Red Line platform, 2 in questioning

Published Sat, 22 Feb 2025 06:52:27 GMT

CHICAGO — A man is in critical condition after he was found with lacerations to the head on South Side Red Line platform Sunday night.Police say a 20-year-old man was found with lacerations to the head near the 0-100 block of West 69th Street at the 69th Street CTA platform around 7:45 p.m. Police search for car of interest in fatal hit and run in West Loop He was transported to University of Chicago Medical Center in critical condition. There are two individuals of interest who were taken in for questioning. Detectives are investigating the incident as a battery.

Zach Braff on staying behind the camera in latest film 'A Good Person'

Published Sat, 22 Feb 2025 06:52:27 GMT

CHICAGO — Dean sat down with Zach Braff on writing and directing his new film 'A Good Person.'Braff shares his passion and connection to sad films regarding his recent experiences with grief. Get Dean's reviews and A-List interviews delivered right to your inbox. Sign up for Dean's Downloads weekly newsletter. You'll also get his Dean Cooks recipes too!

The Witt Group and Vital Options International Partner to Address Financial Toxicity and Health Equity in Minority and Underserved Patients Battling Chronic Disease

Published Sat, 22 Feb 2025 06:52:27 GMT

West Texas A&M University student group files lawsuit against WT, Texas A&M University System officials over drag show cancellation

Published Sat, 22 Feb 2025 06:52:27 GMT

Editor's Note: This story has been updated to reflect a recent rebranding of the 'FIRE' foundation.AMARILLO, Texas (KAMR/KCIT) - In the wake of West Texas A&M University President Walter Wendler's cancelation of a planned on-campus drag show and subsequent letter commenting on the decision, the Foundation for Individual Rights and Expression announced that it is representing the student group Spectrum WT and two of its student leaders in a lawsuit in Amarillo Federal Court against WTAMU and Texas A&M University System officials.According to court documents filed on Friday in the US District Court Northern District of Texas Amarillo Division, Spectrum WT and student leaders Barrett Bright and Lauren Stovall filed a lawsuit against West Texas A&M University President Walter Wendler, Christopher Thomas, the vice president for student affairs at the university, Texas A&M University System Chancellor John Sharp and the members of the Texas A&M University System's Boar...