US Administration Weighs Up New Sanctions on Iran

FILE PHOTO: Police officers wearing face masks guard the US Capitol Building in Washington, US, May 14, 2020. REUTERS/Erin Scott
FILE PHOTO: Police officers wearing face masks guard the US Capitol Building in Washington, US, May 14, 2020. REUTERS/Erin Scott
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US Administration Weighs Up New Sanctions on Iran

FILE PHOTO: Police officers wearing face masks guard the US Capitol Building in Washington, US, May 14, 2020. REUTERS/Erin Scott
FILE PHOTO: Police officers wearing face masks guard the US Capitol Building in Washington, US, May 14, 2020. REUTERS/Erin Scott

US reports revealed that the US administration was considering imposing new sanctions on entities linked to Iran, for encouraging attacks on writer Salman Rushdie, who was stabbed last month during an event in New York.

Rushdie spent years under police protection after the first Iranian leader, Khomeini, issued a fatwa in 1989 calling for his execution because of his 1988 book, “The Satanic Verses.”

The author was stabbed severally by Hadi Matar, an American citizen of Lebanese origin, prior to a lecture at the Institute Chautauqua, New York, on Aug. 12. The suspected attacker had expressed “respect” to Khomeini, but denied reports of sympathy for Iran’s Revolutionary Guards.
According to an article published by The Wall Street Journal (WSJ), the sanctions under consideration include restricting the access of these Iran-affiliated entities to the global financial system.

The report added that US officials considered elements of the Iranian regime liable because of their support for the fatwa, or Islamic edict, issued by Khomeini in 1989, demanding Rushdie’s death over “The Satanic Verses.”

No decision has been made on whether the sanctions would target the 15th Khordad Foundation in Iran, a charitable organization operating under the supervision of the Office of the Supreme Leader.

The Foundation put a bounty of about $2.5 million on Rushdie’s head in 1997, raising it to $2.8 million in late 1998 and then again to $3.3 million in 2012. The organization has been silent since the author was attacked this summer, the WSJ reported.

Iranian media organizations, including the semi official Fars news agency, have also publicly pledged to contribute to the bounty. In 2016, 40 Iranian state-run news outlets added $600,000 to the bounty for the killing of Rushdie. That amount included the equivalent of $30,000 from Fars, which published a list of the news outlets.

According to the newspaper, US sanctions would complicate the international dealings of the relevant organizations, from receiving donations to sending funds and investing abroad.

Meanwhile, bipartisan US lawmakers announced that they would introduce legislation Thursday that would solidify US sanctions against Iran in order to apply pressure to the regime as it attempts to obtain nuclear weapons, Fox News reported.

The lawmakers said that the legislation, titled the Solidify Iran Sanctions Act (SISA), would create a necessary deterrent by targeting the country’s energy sector and making it more difficult to finance terrorist operations or develop ballistic missiles.

Fox News quoted Rep. Michelle Steel, who is leading the bill, as saying: “From brutal abuses committed against its own people, to its never-ending threats towards free and democratic societies, the Iranian regime has proven time and again that they are a rogue state with no interest in preserving regional or global peace.”

She added: “It is more important than ever that we prevent the unacceptable threat of a nuclear Iran from becoming a reality. Existing sanctions have proven successful in preventing such a catastrophe, and we must ensure that we can continue to place economic and strategic pressures on Iran to prevent them from developing nuclear weapons or supporting terrorists.”



Mawani Strengthens Saudi-European Connections with Levante Express Service

Mawani launched the Levante Express service by Mediterranean Shipping Company (MSC) at the Jeddah Islamic Port to strengthen connectivity to ports across both northern and southern Europe. (SPA)
Mawani launched the Levante Express service by Mediterranean Shipping Company (MSC) at the Jeddah Islamic Port to strengthen connectivity to ports across both northern and southern Europe. (SPA)
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Mawani Strengthens Saudi-European Connections with Levante Express Service

Mawani launched the Levante Express service by Mediterranean Shipping Company (MSC) at the Jeddah Islamic Port to strengthen connectivity to ports across both northern and southern Europe. (SPA)
Mawani launched the Levante Express service by Mediterranean Shipping Company (MSC) at the Jeddah Islamic Port to strengthen connectivity to ports across both northern and southern Europe. (SPA)

The Saudi Ports Authority (Mawani) launched in April the Levante Express service by Mediterranean Shipping Company (MSC) at the Jeddah Islamic Port to strengthen connectivity to ports across both northern and southern Europe.
The new service reflects investors’ confidence in the port's operational efficiency and its ability to handle diverse cargo types and ship sizes, the Saudi Press Agency said.
This aligns with the National Transport and Logistics Strategy (NTLS), which aims to solidify Saudi Arabia's position as a global logistics hub connecting three continents.
The Levante Express offers direct connections from Jeddah Islamic Port to major European ports, including La Spezia and Naples (Italy), Mersin (Türkiye), and Alexandria (Egypt). With regular weekly voyages and a handling capacity of up to 15,000 TEUs, the service promises significant advantages for exporters, importers, and shipping agents.
Mawani's ongoing development efforts further enhance Jeddah Islamic Port's competitive edge and propel it towards its goal of ranking among the top 10 global ports.
The completion of SAR6.6 billion worth of enhancements and upgrades at the Northern Container Terminal this year has significantly boosted operational capabilities, increased handling capacity, and streamlined logistics services.


Trump Blasts Biden in Rare Day on Campaign Trail 

Former US President and Republican presidential candidate Donald Trump speaks at a campaign event in Waukesha, Wisconsin, on May 1, 2024. (AFP)
Former US President and Republican presidential candidate Donald Trump speaks at a campaign event in Waukesha, Wisconsin, on May 1, 2024. (AFP)
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Trump Blasts Biden in Rare Day on Campaign Trail 

Former US President and Republican presidential candidate Donald Trump speaks at a campaign event in Waukesha, Wisconsin, on May 1, 2024. (AFP)
Former US President and Republican presidential candidate Donald Trump speaks at a campaign event in Waukesha, Wisconsin, on May 1, 2024. (AFP)

Donald Trump used a break in his hush money trial to stage back-to-back appearances in two Midwestern battleground states Wednesday -- but kept his legal woes front-and-center as he accused President Joe Biden of weaponizing the courts against him.

The former Republican president, who is running for a return to the White House, rallied supporters in Wisconsin and Michigan, among the most hotly contested states in his expected rematch with Democrat Biden in November.

The speeches featured all of Trump's go-to set-pieces, from complaints about environmentally friendly household appliances to apocalyptic warnings of a looming world war -- but his evening speech in Michigan was notable for its vitriol.

"Every single thing he touches turns to [expletive]," Trump said of Biden in a speech in Freeland, Michigan peppered with profane language about his criminal charges, his 2020 election defeat and his determination to win reelection in November.

Trump had already spoken in an afternoon rally in the Wisconsin town of Waukesha, where he railed against Biden's handling of the economy and immigration.

In both appearances he accused Democrats of "executing" newborn babies as he turned to the deeply divisive issue of abortion rights, and in both he revived baseless claims that Biden is behind the 88 felony charges he is facing.

"I've got to do two of these things a day," he told a sea of red hats at his Michigan rally.

"You know why? Because I'm in New York all the time with the Biden trial -- a fake trial that all of the legal scholars say is a disgrace," he said in Michigan.

Trump regularly claims that his indictments -- three for alleged cheating in elections and one for hoarding classified documents -- are being orchestrated as part of a political witch hunt, but never offers any evidence.

The 77-year-old tycoon used his rare day on the stump to project his preferred image as a confident, seasoned campaigner, far from the Manhattan courtroom where he is accused of covering up payments to a porn star before the 2016 presidential election.

Trump is the first former US president to face criminal charges, and the trial appears to have annoyed him to no end.

For two weeks he has been sitting through long hours of witness testimony, visibly bored and angry at no-nonsense Judge Juan Merchan, who required him to be present -- and then imposed a gag order prohibiting Trump from publicly attacking witnesses, jurors or court staff.

Before and after each day's proceedings, Trump has been addressing journalists outside, venting about his legal problems, the US economy, his wife's birthday and the "freezing" temperature inside the courtroom.

'No control'

"He hates being there in court, where he is just another criminal defendant," political expert Larry Sabato from the University of Virginia told AFP. "He has no control and is not in charge."

Biden's campaign has not missed a chance to bait his opponent over his legal troubles -- referring to Trump as "Sleepy Don" after reports from the courtroom that the Republican was nodding off during the proceedings.

The nickname evoked the "Sleepy Joe" taunt Trump has long used for Biden.

Biden has advanced in the polls since March, with the two candidates now running neck and neck.

But Trump and his supporters hope to harness the media attention surrounding the trial to fire up his base, and push his message that Democrats are destroying the country through negligence on border security and poor economic stewardship.

In Waukesha, the former president accused Biden of being too passive on the pro-Palestinian student demonstrations that have convulsed college campuses nationwide, and of allowing the country to be "invaded" by migrant hordes.

Although Trump is energized by his campaign rallies, he had not held a single one since the start of his trial on April 15, with the only planned event cancelled due to weather.

"I have come here today from New York City where I'm being forced to sit for days on end in a kangaroo courtroom with a corrupt and conflicted judge enduring a Biden Sideshow trial at the hands of a Marxist district attorney," he complained in Michigan.


Cyprus Gives Chevron Another 6 Months to Come up with Timetable on Natural Gas Field Development 

An offshore drilling rig is seen in the waters off Cyprus' coastal city of Limassol, on July 5, 2020 as a sailboat sails in the foreground. (AP)
An offshore drilling rig is seen in the waters off Cyprus' coastal city of Limassol, on July 5, 2020 as a sailboat sails in the foreground. (AP)
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Cyprus Gives Chevron Another 6 Months to Come up with Timetable on Natural Gas Field Development 

An offshore drilling rig is seen in the waters off Cyprus' coastal city of Limassol, on July 5, 2020 as a sailboat sails in the foreground. (AP)
An offshore drilling rig is seen in the waters off Cyprus' coastal city of Limassol, on July 5, 2020 as a sailboat sails in the foreground. (AP)

The Cyprus government has given Chevron another six months to come up with a revised plan to develop a sizeable natural gas deposit off the island nation’s southern coastline after an earlier plan proposed by the US energy company lacked a timetable, an official said Thursday.

Chevron’s development proposal from March 29 for the Aphrodite deposit estimated to hold 4.2 trillion cubic feet of gas “wasn’t considered targeted and was without specific timetables,” the official with knowledge of the matter told The Associated Press. The official spoke on condition of anonymity because he was not authorized to discuss details of the deal.

In a reply letter last Thursday, Cypriot Energy Minister George Papanastasiou asked Chevron for “specific, targeted actions” and a “specific timetable” that would confirm its commitment to developing the gas field.

In January this year, the Cypriot government and Chevron reached a “mutually beneficial” agreement on how to develop the gas field, ending long stalled negotiations on plans to extract the hydrocarbon since its discovery in 2011.

At the time, the Cypriot energy ministry said Chevron affirmed that both sides are in “alignment” regarding the “wider framework of the field’s exploitation.”

Chevron had wanted to send the gas to Egypt through a pipeline, but Cyprus preferred to process it on a floating production facility because it would be more economically beneficial for the island nation and would lend more flexibility to supplying other markets.

On Tuesday, Claudio Descalzi, chief executive officer of the Italian energy company Eni discussed with Cypriot President Nikos Christodoulides ways to expedite development of gas fields that Eni discovered in waters off Cyprus’ southern coast.

A statement said the two men reviewed discoveries that Eni and its partner TotalEnergies of France made in 2022, confirming “the encouraging outcomes of the previous wells.”

Eni, which has had a presence in Cyprus since 2013, operates five offshore areas – or blocks – and has participating interest in another two.


Rolling Stones to Rock New Orleans Jazz Fest After 2 Previous Tries 

Mick Jagger of The Rolling Stones performs during the first night of the US leg of their "Hackney Diamonds" tour on Sunday, April 28, 2024, (AP)
Mick Jagger of The Rolling Stones performs during the first night of the US leg of their "Hackney Diamonds" tour on Sunday, April 28, 2024, (AP)
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Rolling Stones to Rock New Orleans Jazz Fest After 2 Previous Tries 

Mick Jagger of The Rolling Stones performs during the first night of the US leg of their "Hackney Diamonds" tour on Sunday, April 28, 2024, (AP)
Mick Jagger of The Rolling Stones performs during the first night of the US leg of their "Hackney Diamonds" tour on Sunday, April 28, 2024, (AP)

The New Orleans Jazz & Heritage Festival is usually akin to a 14-ring musical circus — a variety of musical acts playing simultaneously on stages spread throughout the sprawling infield of a historic horse racing track.

That changes Thursday afternoon, when 13 stages go silent before The Rolling Stones make their first appearance at the 54-year-old festival.

“We didn’t want to have 13 empty stages and no people in front of them when the Stones start singing favorites like ‘(I Can’t Get No) Satisfaction’ and ‘Jumpin’ Jack Flash,’” festival producer Quint Davis told The Associated Press ahead of the festival. “Everyone who bought a ticket for that day primarily bought one to see The Stones.”

Jazz Fest is the second stop for the Stones on their Hackney Diamonds tour, launched in support of the well-received album they released last year, their first album of original material in 18 years.

They had been scheduled to appear at the 50th Jazz Fest in 2019 but had to cancel because of Mick Jagger's heart surgery. A subsequent planned appearance was scrubbed in 2021 when the festival was canceled because of the COVID-19 pandemic.

Fans of New Orleans rhythm and blues artists will be watching to see if the legendary group performs “Time Is On My Side,” which was an early hit for the band. New Orleans soul queen Irma Thomas had success with the song in an earlier recording, and Thomas told WVUE-TV in an interview that “there's a possibility” she might perform it with the band.

Thursday's weather for the outdoor festival is a little sketchy. Forecasts show a mostly cloudy skyline, with temperatures in the mid-80s (around 30 Celsius), but there's up to a 40% chance of rain in the afternoon.

Dumpstaphunk, a funk-fusion band born in New Orleans with descendants from the city's well-known Neville family, plays just before the Stones hit the festival's largest stage. Dumpstaphunk is mourning the recent death of bassist Nick Daniels III, a co-founder of the group who died Sunday. A cause of death has not been released.


Nvidia Supplier SK Hynix Says HBM Chips Almost Sold Out for 2025 

Employees walk past identification systems bearing the logos of SK Hynix at its headquarters in Seongnam, South Korea, April 25, 2016. (Reuters) 
Employees walk past identification systems bearing the logos of SK Hynix at its headquarters in Seongnam, South Korea, April 25, 2016. (Reuters) 
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Nvidia Supplier SK Hynix Says HBM Chips Almost Sold Out for 2025 

Employees walk past identification systems bearing the logos of SK Hynix at its headquarters in Seongnam, South Korea, April 25, 2016. (Reuters) 
Employees walk past identification systems bearing the logos of SK Hynix at its headquarters in Seongnam, South Korea, April 25, 2016. (Reuters) 

South Korea's SK Hynix said on Thursday that its high-bandwidth memory (HBM) chips used in AI chipsets were sold out for this year and almost sold out for 2025 as businesses aggressively expand artificial intelligence services.

The Nvidia supplier and the world's second-largest memory chipmaker will begin sending samples of its latest HBM chip, called the 12-layer HBM3E, in May and begin mass producing them in the third quarter.

"The HBM market is expected to continue to grow as data and (AI) model sizes increase," Chief Executive Officer Kwak Noh-Jung told a news conference. "Annual demand growth is expected to be about 60% in the mid-to long-term."

SK Hynix which competes with US rival Micron and domestic behemoth Samsung Electronics in HBM was until March the sole supplier of HBM chips to Nvidia, according to analysts who add that major AI chip purchasers are keen to diversify their suppliers to better maintain operating margins. Nvidia commands some 80% of the AI chip market.

Micron has also said its HBM chips were sold out for 2024 and that the majority of its 2025 supply was already allocated. It plans to provide samples for its 12-layer HBM3E chips to customers in March.

"As AI functions and performance are being upgraded faster than expected, customer demand for ultra-high-performance chips such as the 12-layer chips appear to be increasing faster than for 8-layer HBM3Es," said Jeff Kim, head of research at KB Securities.

Samsung Electronics, which plans to produce its HBM3E 12-layer chips in the second quarter, said this week that this year's shipments of HBM chips are expected to increase more than three-fold and it has completed supply discussions with customers. It did not elaborate further.

Last month, SK Hynix announced a $3.87 billion plan to build an advanced chip packaging plant in the US state of Indiana with an HBM chip line and a 5.3 trillion won ($3.9 billion) investment in a new DRAM chip factory at home with a focus on HBMs.

Kwak said investment in HBM differed from past patterns in the memory chip industry in that capacity is being increased after making certain of demand first.

By 2028, the portion of chips made for AI, such as HBM and high-capacity DRAM modules, is expected to account for 61% of all memory volume in terms of value from about 5% in 2023, SK Hynix's head of AI infrastructure Justin Kim said.

Last week, SK Hynix said in a post-earnings conference call that there may be a shortage of regular memory chips for smartphones, personal computers and network servers by the year's end if demand for tech devices exceeds expectations.


Hundreds of Pro-Palestinian Protesters Remain on UCLA Campus despite Police Ordering them to Leave

Students continue to protest at an encampment supporting Palestinians on the Columbia University campus, during the ongoing conflict between Israel and the Palestinian group Hamas, in New York City, US, April 25, 2024. (Reuters)
Students continue to protest at an encampment supporting Palestinians on the Columbia University campus, during the ongoing conflict between Israel and the Palestinian group Hamas, in New York City, US, April 25, 2024. (Reuters)
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Hundreds of Pro-Palestinian Protesters Remain on UCLA Campus despite Police Ordering them to Leave

Students continue to protest at an encampment supporting Palestinians on the Columbia University campus, during the ongoing conflict between Israel and the Palestinian group Hamas, in New York City, US, April 25, 2024. (Reuters)
Students continue to protest at an encampment supporting Palestinians on the Columbia University campus, during the ongoing conflict between Israel and the Palestinian group Hamas, in New York City, US, April 25, 2024. (Reuters)

Hundreds of pro-Palestinian protesters Thursday remained behind barricades on the UCLA campus despite police orders to leave as officers were poised to move in on their fortified encampment that was ringed by an even larger crowd, including supporters who locked arms and curious onlookers.
Huge numbers of police began arriving late in the afternoon Wednesday, and empty buses were parked near the University of California, Los Angeles to take away protesters who don't comply with the order. The tense standoff came one night after violence instigated by counter-protesters erupted in the same place.
A small city sprang up inside the barricaded encampment, full of hundreds of people and tents on the campus quad. Some protesters said Muslim prayers as the sun set over the campus, while others chanted “we’re not leaving” or passed out goggles and surgical masks. They wore helmets and headscarves, and discussed the best ways to handle pepper spray or tear gas as someone sang over a megaphone.
A few constructed homemade shields out of plywood in case they clashed with police forming skirmish lines elsewhere on the campus. “For rubber bullets, who wants a shield?" a protester called out.
Meanwhile, a large crowd of students, alumni and neighbors gathered on campus steps outside the tents, sitting as they listened and applauded various speakers and joined in pro-Palestinian chants. A group of students holding signs and wearing T-shirts in support of Israel and Jewish people demonstrated nearby.
The crowd continued to grow as the night wore on as more and more officers poured onto campus.
The law enforcement presence and continued warnings stood in contrast to the scene that unfolded the night before, when counter-demonstrators attacked the pro-Palestinian encampment, throwing traffic cones, releasing pepper spray and tearing down barriers. Fighting continued for several hours before police stepped in, though no arrests were made. At least 15 protesters suffered injuries, and the tepid response by authorities drew criticism from political leaders as well as Muslim students and advocacy groups.
Ray Wiliani, who lives nearby, said he came to UCLA on Wednesday evening to support the pro-Palestinian demonstrators.
“We need to take a stand for it,” he said. “Enough is enough.”
Elsewhere, police in New Hampshire made arrests and took down tents at Dartmouth College and officers in Oregon came onto the campus at Portland State University as school officials sought to end the occupation of the library that started Monday.
The chaotic scenes at UCLA came just hours after New York police burst into a building occupied by anti-war protesters at Columbia University on Tuesday night, breaking up a demonstration that had paralyzed the school.
An Associated Press tally counted at least 38 times since April 18 where arrests were made at campus protests across the U.S. More than 1,600 people have been arrested at 30 schools.
UCLA Chancellor Gene Block said in a statement that “a group of instigators” perpetrated the previous night's attack, but he did not provide details about the crowd or why the administration and school police did not act sooner.
“However one feels about the encampment, this attack on our students, faculty and community members was utterly unacceptable,” he said. “It has shaken our campus to its core.”
Block promised a review of the night's events after California Gov. Gavin Newsom denounced the delays.
The head of the University of California system, Michael Drake, ordered an “independent review of the university’s planning, its actions and the response by law enforcement.”
“The community needs to feel the police are protecting them, not enabling others to harm them,” Rebecca Husaini, chief of staff for the Muslim Public Affairs Council, said in a news conference on the Los Angeles campus later Wednesday, where some Muslim students detailed the overnight events.
Speakers disputed the university’s account that 15 people were injured and one hospitalized, saying the number of people taken to the hospital was higher. One student described needing to go to the hospital after being hit in the head by an object wielded by counter-protesters.
Several students who spoke during the news conference said they had to rely on each other, not the police, for support as they were attacked, and that many in the pro-Palestinian encampment remained peaceful and did not engage with counter-protesters. UCLA canceled classes Wednesday.
Tent encampments of protesters calling on universities to stop doing business with Israel or companies they say support the war in Gaza have spread across campuses nationwide in a student movement unlike any other this century. The ensuing police crackdowns echoed actions decades ago against a much larger protest movement protesting the Vietnam War.
In Madison, a scrum broke out early Wednesday after police with shields removed all but one tent and shoved protesters. Four officers were injured, including a state trooper who was hit in the head with a skateboard, authorities said. Four were charged with battering law enforcement.
This is all playing out in an election year in the US, raising questions about whether young voters — who are critical for Democrats — will back President Joe Biden's reelection effort, given his staunch support of Israel.
In rare instances, university officials and protest leaders struck agreements to restrict the disruption to campus life and upcoming commencement ceremonies.
At Brown University in Rhode Island, administrators agreed to consider a vote to divest from Israel in October — apparently the first US college to agree to such a demand.
The nationwide campus demonstrations began at Columbia on April 17 to protest Israel’s offensive in Gaza, which followed Hamas launching a deadly attack on southern Israel on Oct. 7. Hamas killed about 1,200 people, most of them civilians, and took roughly 250 hostages. Vowing to stamp out Hamas, Israel has killed more than 34,000 Palestinians in the Gaza Strip, according to the Health Ministry there.
Israel and its supporters have branded the university protests antisemitic, while Israel’s critics say it uses those allegations to silence opposition. Organizers of the protests, some of whom are Jewish, say it is a peaceful movement aimed at defending Palestinian rights and protesting the war.
Meanwhile, protest encampments elsewhere were cleared by the police, resulting in arrests, or closed up voluntarily at schools across the US, including The City College of New York, Fordham University in New York, Portland State in Oregon, Northern Arizona University in Flagstaff, Arizona and Tulane University in New Orleans.


Hugo Boss Beats Q1 Operating Profit Expectations 

The logo of German fashion house Hugo Boss is seen on a clothing label at their outlet store in Mezingen near Stuttgart October 29, 2013. (Reuters)
The logo of German fashion house Hugo Boss is seen on a clothing label at their outlet store in Mezingen near Stuttgart October 29, 2013. (Reuters)
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Hugo Boss Beats Q1 Operating Profit Expectations 

The logo of German fashion house Hugo Boss is seen on a clothing label at their outlet store in Mezingen near Stuttgart October 29, 2013. (Reuters)
The logo of German fashion house Hugo Boss is seen on a clothing label at their outlet store in Mezingen near Stuttgart October 29, 2013. (Reuters)

Hugo Boss' first-quarter operating profit on Thursday beat expectations despite further investment into the business helped by efficiencies and improving costs.

Earnings before interest and taxes rose 6% to 69 million euros ($74 million), slightly above the 65 million in a company-provided poll of analysts.

Efficiency gains in sourcing as well as more favorable product and freight costs offset promotion costs and negative currency effects, the company said.

Quarterly group sales rose 5% to 1.01 billion euros.

Brand and product initiatives including the launch of the latest spring/summer 2024 collection drove growth for its BOSS and HUGO brands in the quarter, the company said.


Greek Summer Wildfire Threat Nears, Outpacing Plans to Contain it 

A firefighter sprays water on smoke grenades during a disaster risk training exercise to effectively deal with wildfires, in Athens, Greece, April 4, 2024. (Reuters)
A firefighter sprays water on smoke grenades during a disaster risk training exercise to effectively deal with wildfires, in Athens, Greece, April 4, 2024. (Reuters)
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Greek Summer Wildfire Threat Nears, Outpacing Plans to Contain it 

A firefighter sprays water on smoke grenades during a disaster risk training exercise to effectively deal with wildfires, in Athens, Greece, April 4, 2024. (Reuters)
A firefighter sprays water on smoke grenades during a disaster risk training exercise to effectively deal with wildfires, in Athens, Greece, April 4, 2024. (Reuters)

When firefighters arrived at a blaze in a pine forest on the Greek island of Rhodes last July, flames were already leaping above the trees into the night sky. The volunteers needed to act fast, but dense vegetation on the forest floor blocked access.

With crews unable to get close, the fire spread and within days had engulfed the Mediterranean island, forcing 19,000 people to flee - one of the biggest disaster evacuations in Greece's history.

"Have you ever tried walking through a forest that has not been cleared for more than 10 years? It's so difficult," said firefighter Nikos Karpathakis, who was at the scene.

As another summer approaches, and as climate change makes wildfires ever more deadly across southern Europe, Greece has developed a new doctrine to contain the damage, including deploying an extra fire truck to each new blaze, speeding up air support and clearing forests.

But five firefighters and three experts said the initiative doesn't address shortfalls in planning and prevention and more devastation awaits.

"We are clinging to a doctrine which insists on fire suppression instead of adopting an integrated fire management strategy," said Theodore Giannaros, a fire meteorologist at the National Observatory of Athens.

Heat waves triggered wildfires across swathes of Portugal, France, Spain and Italy last year and caused dozens of deaths.

The situation is especially dire in Greece, which has just recorded its warmest winter on record, creating ideal conditions for fires that threaten crops, homes and the booming tourism industry.

Last August, a fire in the northern Evros region destroyed an area larger than New York City and killed at least 20 people - the deadliest European blaze of 2023. Fires this year have begun earlier than expected, including one in March in a mountainous area normally blanketed by snow.

"It will be a very tough wildfire season. Climate change is here," Vassilis Kikilias, Minister for Climate Crisis and Civil Protection, told Reuters.

MORE NEEDED

Greece has made strides to combat fires, including building firebreaks around power poles in forested areas and stepping up training.

Some 700 additional forest rangers were hired this year. Crews have cleared 12,000 hectares of forest since 2022 and another 7,000 hectares will be completed by the end of May, the environment ministry said.

"For the first time in 50 years, we're stepping into forests and building firebreak zones," Kikilias said. "Certainly, it won't be done at once throughout Greece but it's a good start."

Under a 2.1 billion euro ($2.25 billion) plan, Greece has concluded tenders for more than 1,000 fire engines and seven DHC-515 aircraft, and plans to install sensors to detect smoke.

Experts worry it won't be enough.

The cleared forests make up only a tiny fraction of the nearly 7.5 million hectares of Greek woodland. Some of the tendered trucks and aircraft will not be delivered for years.

They said more money should be spent creating a corps of wildfire specialists who can draft risk maps and analyze how fires are likely to spread. They recommended embracing firefighting methods used in other parts of the world, such as "backfiring", where firefighters light new fires in the path of existing ones to starve them of fuel.

Volunteer firefighter Karpathakis is haunted by last summer. He said crews laid down 2 km of hoses to get closer to the Rhodes fire. It was too late. Gale force winds blew the blaze beyond their reach.

"I worked non-stop for so many days but the situation didn't get any better."


Pandora Raises Revenue Forecast as US Sales Sparkle 

People pass a shop of the Danish jewellery maker Pandora in central Copenhagen, Denmark February 6, 2024. (Reuters)
People pass a shop of the Danish jewellery maker Pandora in central Copenhagen, Denmark February 6, 2024. (Reuters)
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Pandora Raises Revenue Forecast as US Sales Sparkle 

People pass a shop of the Danish jewellery maker Pandora in central Copenhagen, Denmark February 6, 2024. (Reuters)
People pass a shop of the Danish jewellery maker Pandora in central Copenhagen, Denmark February 6, 2024. (Reuters)

Pandora, the world's largest jewellery maker, raised its full-year revenue guidance on Thursday after beating first quarter sales and profit forecasts as it won market share in the United States, its biggest market.

The Danish company's shares jumped 5% in early trading.

Pandora has invested heavily in marketing, store openings, and broadening its range of rings, necklaces, and lab-grown diamonds, though its charm bracelets ranging from $60 to more than $2,000 still make up around 60-70% of sales.

Sales jumped 11% in the first quarter to 6.8 billion Danish crowns ($977.8 million), including a 9% increase in the United States, where the brand is gaining market share even as overall demand for jewellery has weakened.

"The reason we are gaining share fundamentally is because we keep investing in this brand," CEO Alexander Lacik told Reuters in an interview. "Even when there is a shrinking pie, you will find winners and losers."

Operating profit rose to 1.51 billion crowns from 1.26 billion a year earlier, compared with 1.32 billion expected by analysts polled by the company.

Pandora now expects organic revenue growth of 8%-10% this year, compared with 6%-9% previously. It kept its operating margin guidance at around 25%.

Charm bracelets, a staple of 90s fashion, have enjoyed a renaissance, trending on social media platforms like TikTok.

Lacik said social media contributed to Pandora's growth but was not the underlying driver.

"This is a result of the overarching program that Pandora has been working on for many years now, and I think maybe we've hit a sweet spot with the type of audience that we're trying to serve," Lacik said.

In North America, Pandora's expansion into lab-grown diamond jewellery piqued shoppers' interest and increased their demand for the whole range of Pandora products, the company said.

China was a weak spot with sales down 17% in like-for-like terms, which Pandora blamed on a challenging market as it works to relaunch the brand there.


Colombia to Break Diplomatic Relations with Israel, President Petro Says 

Colombia's President Gustavo Petro delivers a speech during a May Day (Labor Day) rally in Bogota on May 1, 2024. (AFP)
Colombia's President Gustavo Petro delivers a speech during a May Day (Labor Day) rally in Bogota on May 1, 2024. (AFP)
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Colombia to Break Diplomatic Relations with Israel, President Petro Says 

Colombia's President Gustavo Petro delivers a speech during a May Day (Labor Day) rally in Bogota on May 1, 2024. (AFP)
Colombia's President Gustavo Petro delivers a speech during a May Day (Labor Day) rally in Bogota on May 1, 2024. (AFP)

Colombian President Gustavo Petro said on Wednesday he will break diplomatic relations with Israel over its actions in Gaza.

Petro has already heavily criticized Israeli Prime Minister Benjamin Netanyahu and requested to join South Africa's case accusing Israel of genocide at the International Court of Justice.

"Here in front of you, the government of change, of the president of the republic announces that tomorrow we will break diplomatic relations with the state of Israel ... for having a government, for having a president who is genocidal," Petro told cheering crowds in Bogota who marched to mark International Worker's Day and back Petro's social and economic reforms.

Countries cannot be passive in the face of events in Gaza, he added.

Israeli Foreign Minister Israel Katz accused Petro of being "antisemitic and full of hate".

He said Petro's move was a reward to the armed group Hamas, which on Oct. 7 led a deadly attack on Israeli military bases and communities.

Bolivia broke with relations with Israel at the end of October last year while several other countries in Latin America, including Colombia, Chile and Honduras, have recalled their ambassadors.