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INTERNATIONAL BUSINESS TIMES
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May 17, 3:20 AM EDT

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Top Story


REPUBLICANS CONFRONT BIDEN OVER PAUSING ARMS TO ISRAEL

The Republican-led US House of Representatives voted Thursday to force President
Joe Biden to end his hold on high-payload bombs approved for Israel but blocked
over concerns about their use in Gaza.
 * US Military Says Aid Pier Anchored To Gaza Beach
 * US To Send $1B In Arms To Israel Amid Rafah Tensions
 * Hostages' Plight Casts Pall Over Israel's Independence Day
 * Israeli Police Say Investigating Ransacking Of Gaza-bound Aid Trucks
 * Five Israeli Troops Killed By Friendly Fire In Gaza


 * SECOND MAJOR STORM OF THE MONTH HITS HOUSTON; 4 DEAD, NEARLY 1 MILLION
   WITHOUT POWER
   
   Severe storms struck the Houston area on Thursday night for the second time
   this month, resulting in at least four deaths and cutting power to nearly 1
   million homes and businesses across Texas.


 * CRISIS-RIDDEN BOEING HOPES FOR QUIET ANNUAL MEETING
   
   Boeing's annual meeting on Friday comes amid an exceptionally difficult
   period for the crisis-ridden company, creating potential for drama at an
   event that is usually a snooze-fest.


 * US MILITARY SAYS FIRST AID DELIVERED TO GAZA VIA TEMPORARY PIER
   
   The pier was successfully anchored on Thursday, with around 500 tons of aid
   expected to enter the Palestinian territory in the coming days.


 * US ENDS LEASING IN ITS LARGEST COAL-PRODUCING REGION
   
   President Joe Biden's government on Thursday announced it was ending coal
   leases in the Powder River Basin, the nation's largest coal-producing region,
   drawing condemnation from the mining sector and praise from
   environmentalists.


 * US BANK REGULATOR GRILLED OVER 'TOXIC CULTURE' AT AGENCY
   
   US lawmakers attacked the head of a top financial regulator for a second
   consecutive day on Thursday over his agency's failure to deal with workplace
   misconduct, including discrimination and sexual harassment.


 * ISRAEL TO HIT BACK AT 'GENOCIDE' CLAIMS AT UN TOP COURT
   
   Israel will on Friday hit back in the United Nations' top court at
   allegations from South Africa that it has escalated a campaign of "genocide"
   with its military operation in Rafah.


 * GLOBAL CORAL BLEACHING EVENT EXPANDING TO NEW COUNTRIES: SCIENTISTS
   
   The massive coral bleaching episode signaled by US authorities last month is
   expanding and deepening in reefs around the globe, scientists warned
   Thursday.

Latest News


 * PUTIN IN TRADE PUSH ON FINAL DAY OF CHINA TRIP


 * TAIWAN PRESIDENT TAKES OFFICE UNDER CLOSE SCRUTINY


 * KIM'S SISTER DENIES N. KOREA EXPORTING WEAPONS TO RUSSIA


 * TURKEY COURT JAILS KURDISH LEADER FOR 42 YEARS OVER 2014 UNREST


 * EU PROBES FACEBOOK, INSTAGRAM OVER CHILD PROTECTION


 * FRANCE ACCUSES AZERBAIJAN OF INTERFERENCE IN NEW CALEDONIA RIOTS


 * SERBIA LEASES ARMY HQ BOMBED BY NATO TO TRUMP SON-IN-LAW


 * MISSION IMPOSSIBLE? NEXT BOEING CEO FACES PILE OF PROBLEMS

THE BOTTOM LINE


CHINA SAYS COULD BUY UP COMMERCIAL HOUSING TO BOOST PROPERTY MARKET

A top Chinese economic official said Friday the state could buy up commercial
real estate in a bid to boost the country's ailing housing market, currently
battling an unprecedented debt crisis.
 * Dow Jones Crosses 40,000 For First Time Amid Bull Market Surge
 * Walmart Profits Rise On Strong Sales From Wealthier Shoppers
 * Stocks And Bonds Get A Boost From The Easing Of Consumer Inflation — Will The
   Rally Last?

Opinion
 * 
   IT'S TIME TO END ROMANIA'S SCHENGEN INTEGRATION
   
   Duggan Flanakin
 * 
   WHY IS THE US HELPING CHINA UNDERMINE GLOBAL INNOVATION?
   
   Mark Cohen
 * 
   MEXICO NEEDS AMERICAN CORN FARMERS OVER PROTECTIONISM
   
   Nancy Travis

Economy in Focus


 * US CONSUMER INFLATION EASES SLIGHTLY IN APRIL, IN GOOD NEWS FOR BIDEN
   
   US consumer inflation eased slightly last month, according to US government
   data published Wednesday, a positive sign for President Joe Biden ahead of
   November's election.


 * JAPAN ECONOMY SUFFERS WORSE-THAN-EXPECTED CONTRACTION OF 0.5%


 * EU CUTS INFLATION FORECAST FOR 2024 DESPITE UNCERTAINTY

War in Ukraine


 * UKRAINE SAYS HALTED RUSSIAN 'ADVANCE' IN SOME KHARKIV ZONES
   
   The Ukrainian army said on Thursday it had partially halted a Russian advance
   in the northeast, where Moscow has secured its largest territorial gains in
   18 months over the last week.


 * GUITAR-PLAYING BLINKEN SPARKS CRITICISM IN UKRAINE
   
   US Secretary of State Antony Blinken was trying to send a message of defiance
   and hope when he took to the stage of a Kyiv bar on Tuesday night for a
   guitar performance of "Rockin' in the Free World".


 * UKRAINE SAYS WITHDREW TROOPS IN PARTS OF KHARKIV REGION
   
   The military gave details of the pull back as US Secretary of State Antony
   Blinken was on an unannounced visit to Kyiv where President Volodymyr
   Zelensky urged him to speed up US supplies of weapons.


 * RUSSIA MUST BEAT UKRAINE WITH 'MINIMAL LOSSES': NEW DEFENCE CHIEF
   
   Russia's incoming defence minister on Tuesday said that Moscow's priority was
   to secure victory on the battlefield against Ukraine while minimising human
   losses.

Editor's pick


 * ROMNEY SAYS BIDEN MADE 'ENORMOUS ERROR' BY NOT PARDONING TRUMP IN HUSH MONEY
   CASE


 * HUNTER BIDEN'S IMMINENT TRIAL RAISES WHITE HOUSE CONCERNS


 * MONETARY METALS YIELD: USHERING IN A GOLDEN ERA, ONE OUNCE AT A TIME


 * 'READY TO RUMBLE' - BIDEN, TRUMP AGREE TO TWO ELECTION DEBATES


 * HONG KONG'S FINANCIAL EMPIRE FACES CRITICAL TURNING POINT AS CHINESE POWER
   INCREASES


 * TOP UN COURT HEARS S. AFRICA CALLS TO STOP ISRAEL RAFAH OFFENSIVE


 * QATAR EYES MORE LONG-TERM GAS SUPPLY DEALS THIS YEAR


 * BARGE COLLISION IN TEXAS CAUSES OIL SPILL, SHUTS DOWN PELICAN ISLAND BRIDGE


 * PRO-TURKEY SYRIA MERCENARIES HEAD TO NIGER TO EARN CASH


 * A GLOOMY SEASON FOR ETHIOPIA'S 'GREEN GOLD' AT THE KHAT MARKET

CRYPTO BLOCK


'KING OF BITCOIN ETF HOLDERS': MILLENNIUM MANAGEMENT UNVEILS STAGGERING $2
BILLION PORTFOLIO

Another financial institution has disclosed its spot Bitcoin ETF holdings, and
it is massive compared to the holdings of previous companies that revealed their
treasuries.


 * BITCOIN SOARS TO $66K AS WHALES MOVE OVER $1 BILLION OUT OF COINBASE


 * 'NOVEL' 12-SECOND THEFT OF $25M WORTH OF ETHER ENDS IN ARREST OF BROTHERS


 * ALVARA PROTOCOL TESTNET GOES LIVE, MARKING GIANT STEP TOWARD DEMOCRATIZING
   FUND MANAGEMENT

Sponsored Insight


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zero HFCs offering a greener alternative for safeguarding industrial spaces.
 * Sponsored
   
   
   SHADOW SIX RACING PUSHES BOUNDARIES WITH ITS AQUATIC UTILITY VEHICLE -
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   what is truly an Aquatic Utility Vehicle (AUV).
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   productivity and cognitive enhancement.


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US ECONOMIC UNCERTAINTY MEANS BIGGER 'BLACK FRIDAY' DISCOUNTS

The retail sector's efforts to entice holiday gift purchases builds to a
crescendo this weekend with the annual "Black Friday" shopping day followed by
the newer "Cyber Monday."


 * DUBLIN RIOT HIGHLIGHTS 'FAR-RIGHT' AGITATION OVER IRELAND IMMIGRATION

 * 01:40
   
   
   TAIWAN STRAIT: CHINESE SHIP 'CUTS OFF US DESTROYER'

 * 00:22
   
   
   DASHCAM VIDEO CAPTURES MISSILE FALLING NEAR KYIV CAR

 * 01:37
   
   
   BUSINESS LOOKAHEAD: JOBS, PRICES AND AI

 * 01:30
   
   
   SAUDI PLEDGES BIG OIL CUTS IN JULY

 * MOST READ

 * 1
   
   Bitcoin Soars To $66K As Whales Move Over $1 Billion Out Of Coinbase
 * 2
   
   Hong Kong's Financial Empire Faces Critical Turning Point as CCP Power
   Increases
 * 3
   
   Amazonian Chief At UN To Combat Traditional Knowledge Piracy
 * 4
   
   A Gloomy Season For Ethiopia's 'Green Gold' At The Khat Market
 * 5
   
   Top Airlines Take Biden Administration To Court Over Junk Fees Disclosure
   Rule

Companies



 * REDDIT GIVES OPENAI ACCESS TO ITS WEALTH OF POSTS


 * CHINA'S BAIDU POSTS WEAKEST QUARTERLY REVENUE GROWTH IN OVER A YEAR


 * CONSUMER GROUPS ACCUSE TEMU OF MANIPULATING ONLINE SHOPPERS


 * SPEEDING UP DEVELOPER WEB3 ONBOARDING: RAIR TECHNOLOGIES LAUNCHES OPEN-SOURCE
   DAPP PROTOCOL

Business


 * ASIAN STOCKS MIXED AFTER WALL ST, EUROPE RETREAT FROM RECORDS
   
   Asian markets diverged Friday as hopes for US interest rate cuts played up
   against profit-taking from another strong week and warnings from Federal
   Reserve officials that borrowing costs should be kept elevated for now.


 * RAPIDUS 'LAST OPPORTUNITY' TO PUT JAPAN BACK ON GLOBAL CHIP MAP


 * RENAULT TO PURSUE AUTONOMOUS MINIBUSES BUT NOT CARS

World


 * DESPITE WESTERN PRESSURE, CHINA IN NO HURRY TO REDUCE RUSSIA SUPPORT
   
   Despite Western calls on China to cut its support for Moscow's war against
   Ukraine by limiting supplies of dual-use materials and weapons components to
   Russia, Beijing has no interest in dropping its backing for President
   Vladimir Putin, analysts say.


 * FOR SALE: UNIQUE PIECE OF LAND IN STRATEGIC ARCTIC ARCHIPELAGO


 * DOMINICAN REPUBLIC TO VOTE IN POLL DOMINATED BY HAITI CRISIS

Technology



 * 'GRAND THEFT AUTO VI' RELEASE SET FOR LATE 2025


 * GOOGLE'S AI SEARCH REVAMP PUTS PUBLISHERS IN A QUANDARY


 * OPENAI CO-FOUNDER ILYA SUTSKEVER ANNOUNCES DEPARTURE


 * SWISS NURSERY LETS ROBOT DO THE TALKING

National


 * LARA TRUMP CLAIMS DEBATES ARE 'RIGGED' TO FAVOR JOE BIDEN
   
   Lara Trump has alleged that the debates are actually "rigged" to favor Joe
   Biden.


 * DESANTIS SIGNS LAW DEPRIORITIZING CLIMATE CHANGE, BANS OFFSHORE WIND PROJECTS


 * RFK JR. CRIES COLLUSION BETWEEN BIDEN, TRUMP TO EXCLUDE HIM FROM DEBATES

Politics


 * 'I WAS TRYING TO TAKE A PICTURE' WITH SLOVAK PM WHEN HE WAS SHOT: WITNESS
   
   Richard Krajcik was hoping to get a selfie with Slovakia's Prime Minister
   Robert Fico in the main square of his hometown of Handlova when shots rang
   out.


 * HUSH MONEY TRIAL: TRUMP TAKES GAG ORDER BATTLE TO NEW YORK'S HIGHEST COURT
   AFTER APPEAL SETBACK


 * DUTCH EU OPT-OUT ON ASYLUM COULD TAKE 'YEARS': WILDERS

Entertainment



 * TAYLOR SWIFT TOUR HANDS UK ECONOMY GBP1 BN BOOST: STUDY


 * COPPOLA'S EPIC 'MEGALOPOLIS' FINALLY ARRIVES AT CANNES


 * 'MAD MAX' TEARS THROUGH CANNES WITH FRENETIC 'FURIOSA'


 * A-LIST STARS, MENSTRUATING SUPERHEROES IN CANNES VR COMPETITION

Life & Style


 * 'NO SECRET': MODEST MEXICAN TACO RESTAURANT WINS MICHELIN STAR
   
   A hole-in-the-wall taqueria is among the first restaurants in Mexico to be
   awarded a star by the prestigious Michelin Guide -- an accomplishment its
   owner credits to "love and effort."


 * MONET PAINTING FETCHES $35 MILLION AT NEW YORK AUCTION


 * VICTORIA'S SECRET REVIVING FASHION SHOW AFTER SIX-YEAR HIATUS

Sports


 * ARSENAL DOWN MAN UTD TO TAKE PREMIER LEAGUE TITLE RACE TO THE WIRE


 * 'CONCERNED' DJOKOVIC TO UNDERGO SCANS AS SHOCK ROME EXIT FOLLOWS BOTTLE DRAMA


 * NADAL EYES FRENCH OPEN DESPITE ROME EXIT AS DJOKOVIC LAUGHS OFF BOTTLE DRAMA

People


 * TAIWAN'S LAI TO BOLSTER 'PORCUPINE' DEFENCE AGAINST CHINA THREAT


 * MICHAEL COHEN, THE 'FIXER' WHO TURNED ON TRUMP


 * RUSSIA'S SHOIGU: POLITICAL SURVIVOR BLAMED FOR UKRAINE SETBACKS

NEWS
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