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Live News: BlackRock Adds Saudi Aramco Chief to Board

Australia cancels Commonwealth Games due to rising costs

Australia’s state of Victoria has canceled plans to host the 2026 Commonwealth Games, citing rising tournament costs.

Victorian Prime Minister Daniel Andrews said the budget had swelled to A$7 billion (about $4.8 billion) from an initial estimate of A$2.6 billion.

The surprise move will rekindle concerns about the future of the Games, which have struggled to convince cities to pay. The 2022 Games featured 72 teams from 54 countries and 18 regions, mostly former or current British colonies.

Last year, Victoria emerged as the sole bidder. The match was supposed to be held in several regional cities, not in the capital city of Melbourne.

What to see in Asia today

Supporters of the Thailand Forward Party and its prime ministerial candidate Pita Rimjaroenrat gather outside the Bangkok Arts and Culture Center on Friday © Narong Sagnak/EPA-EFE/Shutterstock

sea ​​bream: Thailand’s parliament holds second vote to nominate prime minister. On July 13, the only candidate, Forward Party leader Pita Rimjaroenrat, fell short of the required 375 votes at a joint session of the Senate and Senate. Pita’s coalition plans to reappoint him.

event: Elsewhere, the G20 Finance Ministers and Central Bank Governors Meeting concludes in Gandhinagar, India, while South Korean and US officials meet in Seoul to discuss nuclear deterrence against North Korea. Japanese Prime Minister Fumio Kishida has completed a trip to the Middle East touring Saudi Arabia, the United Arab Emirates and Qatar. Indian Foreign Minister S Jaishankar has completed a seven-day visit to Indonesia and Thailand.

data: Hong Kong releases unemployment rate for June. Reserve Bank of Australia Releases Minutes of July Monetary Policy Meeting.

Companies: Adani Enterprises and Adani Gas will hold their first annual meeting since US-based short seller Hindenburg Research produced a report criticizing the Adani group of companies. India’s Zee Entertainment Enterprises releases first quarter earnings, while British and Australian mining company Rio Tinto releases second quarter business review.

BlackRock Adds Saudi Aramco Chief Executive Amin Nasser to Board

BlackRock has appointed Amin Nasser, CEO of Saudi Aramco, which manages $9.4 trillion, to its independent board. Saudi Aramco is looking to beef up Middle East expertise on its board to combat U.S. Republican allegations that it is hostile to fossil fuels.

Nasser has been the head of Saudi Aramco, the world’s largest oil producer, since 2015. With his addition, BlackRock’s board of directors now has 17 members, 15 of whom are independent directors.

Chief Executive Officer Larry Fink said the board will benefit from Mr. Nasser’s “unique perspective,” including his “understanding of the global energy industry and the drivers of the transition to a low-carbon economy, and knowledge of the Middle East region.” Said he would benefit.

US criticizes Russia for scrapping Black Sea grain export deal

UN personnel inspect grain on the bulk carrier TQ Samsun, anchored in the Black Sea.

UN personnel inspect grain on the Turkish-flagged bulk carrier TQ Samsun, anchored off Odessa, Ukraine in the Black Sea on Monday © UN via AP

The United States has criticized Russia’s withdrawal from the Black Sea Grains Agreement, with National Security Council spokesman John Kirby calling the move “an irresponsible and dangerous decision.”

Kirby told reporters on Monday that the measures “will exacerbate food insecurity and harm millions of vulnerable people around the world.”

“Russia bears full and sole responsibility for the consequences of this act of military aggression,” he said, adding that he urged Washington to “immediately withdraw its decision.”

US stocks rise as investors prepare for busy week of corporate earnings

Wall Street stocks rose Monday as investors weighed the outlook for the world’s two largest economies and braced for a wave of US corporate earnings this week.

Wall Street’s benchmark S&P 500 closed 0.4% higher, led by tech and financial stocks, while the technology-focused Nasdaq Composite rose 0.9%.

The New York Fed’s manufacturing index outperformed market expectations, helping to boost U.S. stocks at the opening bell, suggesting companies remain resilient to rising interest rates. rice field.

Read more about the market movements of the day here.

Italy’s Giorgia Meloni accuses Russia of pulling out of Ukraine grain deal

Giorgia Meloni of Italy

Italy’s Giorgia Meloni said Moscow’s termination of the pact was “further proof of who is the friend and who is the enemy of a poor country” © Remo Casilli/Reuters

Italian Prime Minister Giorgia Meloni condemned Russia’s decision to withdraw from the Black Sea Grains Agreement, saying “the weaponization of the commodities that feed the world is a new crime against humanity”.

Meloni said on Monday that the end of the deal that would allow Russia to export 33 million tonnes of Ukrainian wheat by sea, more than half of which to developing countries, would “show who are the friends and who are the enemies of the poor countries.” It’s more evidence,” he said. ”.

He added that the Russian government’s actions should prompt reflection on “leaders of countries that do not want to distinguish between the attacked and the aggressor”.

Summarize this content to 100 words Australia cancels Commonwealth Games due to rising costsNick Fildes of SydneyAustralia’s state of Victoria has canceled plans to host the 2026 Commonwealth Games, citing rising tournament costs.Victorian Prime Minister Daniel Andrews said the budget had swelled to A$7 billion (about $4.8 billion) from an initial estimate of A$2.6 billion.The surprise move will rekindle concerns about the future of the Games, which have struggled to convince cities to pay. The 2022 Games featured 72 teams from 54 countries and 18 regions, mostly former or current British colonies.Last year, Victoria emerged as the sole bidder. The match was supposed to be held in several regional cities, not in the capital city of Melbourne.What to see in Asia todayGeorge Russell of Hong Kong

Supporters of the Thailand Forward Party and its prime ministerial candidate Pita Rimjaroenrat gather outside the Bangkok Arts and Culture Center on Friday © Narong Sagnak/EPA-EFE/Shutterstock

sea ​​bream: Thailand’s parliament holds second vote to nominate prime minister. On July 13, the only candidate, Forward Party leader Pita Rimjaroenrat, fell short of the required 375 votes at a joint session of the Senate and Senate. Pita’s coalition plans to reappoint him.event: Elsewhere, the G20 Finance Ministers and Central Bank Governors Meeting concludes in Gandhinagar, India, while South Korean and US officials meet in Seoul to discuss nuclear deterrence against North Korea. Japanese Prime Minister Fumio Kishida has completed a trip to the Middle East touring Saudi Arabia, the United Arab Emirates and Qatar. Indian Foreign Minister S Jaishankar has completed a seven-day visit to Indonesia and Thailand.data: Hong Kong releases unemployment rate for June. Reserve Bank of Australia Releases Minutes of July Monetary Policy Meeting. Companies: Adani Enterprises and Adani Gas will hold their first annual meeting since US-based short seller Hindenburg Research produced a report criticizing the Adani group of companies. India’s Zee Entertainment Enterprises releases first quarter earnings, while British and Australian mining company Rio Tinto releases second quarter business review. BlackRock Adds Saudi Aramco Chief Executive Amin Nasser to BoardBrooke Masters in New YorkBlackRock has appointed Amin Nasser, CEO of Saudi Aramco, which manages $9.4 trillion, to its independent board. Saudi Aramco is looking to beef up Middle East expertise on its board to combat U.S. Republican allegations that it is hostile to fossil fuels.Nasser has been the head of Saudi Aramco, the world’s largest oil producer, since 2015. With his addition, BlackRock’s board of directors now has 17 members, 15 of whom are independent directors.Chief Executive Officer Larry Fink said the board will benefit from Mr. Nasser’s “unique perspective,” including his “understanding of the global energy industry and the drivers of the transition to a low-carbon economy, and knowledge of the Middle East region.” Said he would benefit.US criticizes Russia for scrapping Black Sea grain export dealLauren Fedor in Washington

UN personnel inspect grain on the Turkish-flagged bulk carrier TQ Samsun, anchored off Odessa, Ukraine in the Black Sea on Monday © UN via AP

The United States has criticized Russia’s withdrawal from the Black Sea Grains Agreement, with National Security Council spokesman John Kirby calling the move “an irresponsible and dangerous decision.”Kirby told reporters on Monday that the measures “will exacerbate food insecurity and harm millions of vulnerable people around the world.””Russia bears full and sole responsibility for the consequences of this act of military aggression,” he said, adding that he urged Washington to “immediately withdraw its decision.”US stocks rise as investors prepare for busy week of corporate earningsJalen Carr in New York and Daria Mossolova in LondonWall Street stocks rose Monday as investors weighed the outlook for the world’s two largest economies and braced for a wave of US corporate earnings this week.Wall Street’s benchmark S&P 500 closed 0.4% higher, led by tech and financial stocks, while the technology-focused Nasdaq Composite rose 0.9%.The New York Fed’s manufacturing index outperformed market expectations, helping to boost U.S. stocks at the opening bell, suggesting companies remain resilient to rising interest rates. rice field.Read more about the market movements of the day here.Italy’s Giorgia Meloni accuses Russia of pulling out of Ukraine grain dealRoman Amy Kasmin

Italy’s Giorgia Meloni said Moscow’s termination of the pact was “further proof of who is the friend and who is the enemy of a poor country” © Remo Casilli/Reuters

Italian Prime Minister Giorgia Meloni condemned Russia’s decision to withdraw from the Black Sea Grains Agreement, saying “the weaponization of the commodities that feed the world is a new crime against humanity”.Meloni said on Monday that the end of the deal that would allow Russia to export 33 million tonnes of Ukrainian wheat by sea, more than half of which to developing countries, would “show who are the friends and who are the enemies of the poor countries.” It’s more evidence,” he said. ”.He added that the Russian government’s actions should prompt reflection on “leaders of countries that do not want to distinguish between the attacked and the aggressor”.
https://www.ft.com/content/81e19347-6d00-4a0b-88eb-0ac61fa17eaa Live News: BlackRock Adds Saudi Aramco Chief to Board

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