Turkey’s Defense Ministry said the strikes hit 89 separate targets associated with the Kurdistan Workers’ Party and its Syrian branch, which Turkey blamed on a bombing in Istanbul last week that killed six people and injured 81 others. Both the PKK – this is the name of the Kurdish group – and its Syrian branch have denied any involvement in the attack, and no one has claimed responsibility.
Iranian security forces crack down on protest movement in Kurdish region
Iranian security forces swept through the Kurdish region of the country with helicopters and armored vehicles, firing live ammunition and raiding homes in search of opponents, a show of force that shows how the government’s response to a movement of Two-month-old protest takes a more violent turn.
Protesters in and around Mahabad filled the streets of the city on Saturday, according to authorities and witnesses. After rumors circulated on social media that authorities were preparing to attack, balaclava-clad protesters wearing makeshift helmets set trash cans on fire, according to footage released by Tavaana, a US-based Iranian civic organization, and other social media accounts. Protesters then barricaded a key thoroughfare in Mahabad with cinder blocks and wooden doors, according to witnesses and footage.
Attack by Israeli pilgrims on Palestinians condemned
TEL AVIV — A riot by Jewish pilgrims in the West Bank city of Hebron over the weekend has been widely condemned, with Palestinian leaders warning that Israel’s new right-wing government could cause greater instability in the West Bank.
On Sunday, US Ambassador to Israel Tom Nides called the riot heinous and called for a rapid de-escalation of the situation. Outgoing Israeli Prime Minister Yair Lapid called the events, in which an Israeli soldier was injured, a “national disgrace”. Israeli Defense Minister Benny Gantz condemned the attacks on Palestinians and Israeli forces and said those responsible would be held accountable. Incoming Prime Minister Benjamin Netanyahu made no statement on the violence in Hebron and his spokesman did not respond to requests for comment.
COP27 sets up climate damages fund for poorer countries but rejects faster emissions cuts
SHARM EL SHEIKH, Egypt — Poorer countries struck a deal at the United Nations climate talks to establish a climate-related damages fund as part of a broader agreement that has failed to reduce more quickly the emissions sought by rich countries to avoid more serious global warming.
The agreement reached at the COP27 summit in this Egyptian resort offers a victory for the poorest nations who have demanded the money since the first United Nations climate treaty was signed three decades ago.
WORLD NEWS
Housing industry braces for downturn, but investors flock
Investors are taking advantage of any sign that inflation has peaked to grab battered stocks. Just look at housing stocks.
Shares of Redfin Corp. have climbed more than 50% since November 9, when the managing director of the real estate brokerage firm warned: “We have to assume that the sun will never rise. Shares of homebuilder PulteGroup Inc. have gained 11% over the same period, although its CEO recently described a general decline in demand as interest rates rose.
Earthquake in Texas’ oil hotspot prompts new fracking rules
A powerful earthquake in West Texas draws attention to frackers’ water management operations in the nation’s hottest oil-producing region.
A 5.4 magnitude earthquake, the fourth largest in Texas history, hit an oil and gas production hotspot in Reeves County on Wednesday afternoon, causing tremors felt up to Dallas, El Paso and San Antonio, where it damaged a historical monument. No injuries were reported.
FTX Says Top 50 Creditors Owe $3.1 Billion
FTX owes its 50 largest creditors about $3.1 billion, the bankrupt cryptocurrency exchange said in a filing in bankruptcy court on Saturday. The record did not name the creditors, but listed them as clients. Two creditors each owe more than $200 million.
FTX lawyers said that in total there could be over a million creditors across the various FTX entities.
As Republicans take command at home, fight against 2023 farm bill looms
WASHINGTON-House Republicans struggled to pass the latest farm bill, despite having a sizable majority in 2018. It’s about to get a lot tougher.
The bill, always a big lift for any Congress, is usually reauthorized every five years. The current version expires at the end of September next year, creating a looming legislative headache for GOP Leader Kevin McCarthy of California, who will have a narrow majority if elected president in January.
Central Bank of China keeps benchmark lending rates unchanged
China’s central bank kept benchmark lending rates unchanged this month, amid continued downward pressure on the yuan and slowing economic growth.
The one-year prime lending rate stood at 3.65% while the five-year rate was 4.3%, both unchanged from last month, the People’s Bank of China said in a statement on Monday. communicated.
China’s consumer spending slumps under Covid and property restrictions
HONG KONG-Chinese consumer spending slumps under the country’s dual campaign against rising house prices and Covid-19 outbreaks, warning global companies that have pinned their hopes on a Chinese customer more spendthrift.
Retail sales fell unexpectedly last month and are expected to continue to struggle as Chinese authorities launch sweeping lockdowns to contain the latest fastest-spreading Covid outbreaks, and easing measures are doing little to reverse the worsening housing market slump.
Chinese consumer, casino stocks fall as Covid-19 cases climb
Chinese consumer stocks sold off on Monday as investors’ attention shifted back to Covid-19 as infections in the country surged and virus-related deaths were reported for the first time in nearly six months .
Shares of Hong Kong-listed Macau restaurants, retailers and casinos were among the biggest decliners among blue chips midday, while liquor makers lagged in the onshore Chinese market. Hot-pot restaurant operator Haidilao International Holding Ltd. fell 6.9% and Chow Tai Fook Group Ltd. lost 6.0%, while Sands China Ltd. and Galaxy Entertainment Group Ltd. fell 6.7% and 6.0%, respectively. The city’s benchmark Hang Seng index fell 2.1% to 17616.06.
Elon Musk reinstates Donald Trump’s Twitter account after online poll
Elon Musk has reinstated Donald Trump’s Twitter Inc. account after polling users on the platform, expanding the former president’s potential reach days after declaring another White House bid.
The move also underscored how Mr. Musk has established himself as the primary decision-maker on all things Twitter after buying the platform for $44 billion late last month. Mr. Musk had previously said he would establish a content council to weigh in on account reinstatements.
Sam Bankman-Fried, FTX team among top political donors before bankruptcy
FTX founder Sam Bankman-Fried and his team have risen from relative obscurity in Washington to be among the biggest donors to American politics, contributing more than $70 million to election campaigns in less than 18 months.
Mr. Bankman-Fried personally gave $40 million to politicians and political action committees ahead of the 2022 midterm elections, mostly to Democrats and liberal-leaning groups, according to the Center for Responsive Politics, a group nonpartisan that tracks campaign donations. Another top FTX executive, Ryan Salame, has donated over $23 million, mostly to Republicans and conservative groups.
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This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswire
November 21, 2022 05:47 ET (10:47 GMT)
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