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Palestinians fleeing Khan Younis move towards Rafah, in the southern Gaza Strip. REUTERS/Ibraheem Abu Mustafa
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- U.N. judges in The Hague will rule today whether to order Israel to suspend its military campaign in Gaza as Israeli forces continued to pound the main southern city of Khan Younis, from where thousands of Gazans were fleeing to the south.
- CIA Director William Burns and his Israeli counterpart will meet with Qatari officials in coming days for talks on a second potential Gaza hostage deal, sources familiar with the matter told Reuters.
- Chinese officials have asked their Iranian counterparts to help rein in attacks on ships in the Red Sea by the Iran-backed Houthis, or risk harming business relations with Beijing. Read our exclusive report.
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- Alabama executed convicted murderer Kenneth Smith, who held his breath in vain as officials asphyxiated him with nitrogen gas, the first use of a new method of capital punishment since lethal injections began in the US four decades ago.
- A resolution presented to the US Republican National Committee to declare Donald Trump the party’s presumptive presidential nominee was abruptly withdrawn hours later after objections from Trump.
- Farmers blocked one of France’s main motorways linking Paris with the northern city of Lille, the Benelux and Britain, causing kilometers of traffic jams. It was the first major disruption caused by the protest movement in the capital.
- Voting began in the tiny Pacific Island nation of Tuvalu in a national election that is being closely watched by China, Taiwan, the US and its ally Australia, amid a tussle for influence in the region.
- A volunteer police force in rural Mexico that says it has been overwhelmed by local kidnappings has recruited schoolchildren as young as 12 to join its ranks, the latest sign of how some parts of the country are struggling to cope with organized crime.
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- Global growth is set to stay resilient this year and only pick up pace a bit in 2025, according to a Reuters poll of economists, a stable outlook at odds with still-relatively aggressive interest rate cut bets in financial markets.
- Tesla shares tumbled over 12% after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins at the world’s most valuable automaker and fueled investor concerns about soft demand and Chinese competition.
- Intel forecast revenue for the first quarter that could miss market estimates by more than $2 billion, as it grapples with uncertain demand for its chips used in the traditional server and personal computer markets.
- JPMorgan Chase shuffled executives in its investment banking and consumer units, giving them more experience running different businesses as Wall Street focuses on succession plans for CEO Jamie Dimon.
- LVMH shares jumped as much as 9%, boosting peers including Kering and Hermes, as the French luxury giant’s latest sales figures reassured investors about the sector’s ability to cope with economic headwinds.
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- The Federal Reserve and the Bank of England, grabbing the baton from the ECB and the Bank of Japan, hold their first meetings of the year while US tech giants and European banks report results. Here’s a look at the week ahead in world markets.
- Finland holds a presidential election on Sunday in a new era marked by the country joining the Western military alliance NATO last April in response to neighboring Russia’s invasion of Ukraine.
- Sweden’s Prime Minister Ulf Kristersson has offered to meet his Hungarian counterpart Viktor Orban in Brussels next week, hoping to clear the remaining obstacle to Stockholm’s delayed bid to join NATO.
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Dubai’s property boom shows signs of fizzling out
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A construction site is seen in Dubai, United Arab Emirates. REUTERS/Amr Alfiky
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As cranes speckle the Dubai skyline and ultra-luxury homes change hands at record prices, signs that the city-state’s property boom is fizzling out are coming into view.
Developers, investors and brokers are privately asking how quickly one of last year’s hottest real estate markets could turn and whether a painful correction akin to the slump that rocked the emirate in 2008 can be ruled out.
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Serbia’s Novak Djokovic with Italy’s Jannik Sinner. REUTERS/Eloisa Lopez
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Jannik Sinner downed defending champion Novak Djokovic at the Australian Open to hand the top seed his first defeat at Melbourne Park in six years and power into his maiden Grand Slam final.
Sinner provided a master class in tennis in the opening two sets to put the wheels in motion for Djokovic’s only defeat in the semi-finals of his favourite major.
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/cloudfront-us-east-2.images.arcpublishing.com/reuters/HF4CJIG2NBNJXEG3ISIHM5CQOE.jpg "Israel braces for World Court ruling 49")
