Dollar Falls after US Jobs Data

The dollar was subdued on Wednesday, weighed by bearish US labor market data as investors fretted over the US debt ceiling and banking sector risks, while waiting for the Federal Reserves policy decision later in the day.

The dollar index, which measures the US currency against six rivals, eased 0.029% to 101.820 after sliding 0.245% on Tuesday.

The US central bank is widely expected to raise interest rates by 25 basis points when it concludes a two-day meeting on Wednesday and investor focus will be on whether the Fed hints at a pause or further tightening.

Meanwhile, the euro was up 0.12% at $1.1012 after rising 0.2% overnight ahead of the European Central Banks regular policy meeting on Thursday.

The Japanese yen strengthened 0.11% to 136.40 per dollar, clawing back some of its losses from last week when the Bank of Japan stuck to its ultra-loose monetary policy.

Source: Qatar News Agency

3 Injured in Earthquake in Southwest China

Three people were injured in the 5.2-magnitude earthquake which jolted the city of Baoshan in southwest China’s Yunnan Province on Tuesday evening.

Zhang Yunyi, deputy mayor of Baoshan, said in a statement Wednesday that the earthquake had a depth of 10 kilometers, China’s Xinhua News Agency reported.

Three people were slightly injured, he added.

The earthquake caused varying degrees of damage to residential houses, water, electricity, traffic, communication and other infrastructure in and around the epicenter area.

Local authorities have activated a level-III emergency response and rushed rescue teams to the disaster area.

Wayao Township, Shuizhai Township and Banqiao Township, all administered by Longyang District, are among the most affected. Currently, 2,805 houses in the three places have been damaged, and more than 11,000 local residents have been relocated to safer places.

Baoshan earthquake relief headquarters will keep tracking and monitoring the disaster situation and identifying potential geological disaster hazards, while ensuring adequate access to electricity, communication and traffic in the affected areas to restore local work and production order as soon as possible.

China usually suffers from earthquakes and strong tremors, especially the mountainous regions located in the west and southwest of the country.

Source: Qatar News Agency

US to Send Ukraine $300 Million in Additional Military Aid

The United States will send to Ukraine about $300 million in additional military assistance, including an enormous amount of artillery shells, howitzers, air-to-ground missiles and ammunition.

According to the Associated Press, the new package could include Hydra-70 missiles, which are non-guided missiles launched from aircraft.

Military assistance also includes an unknown number of high-mobility missile systems, mortars, rockets and Karl Gustav anti-tank rifles.

The Associated Press quoted officials spoke on condition of anonymity as saying that all weapons would be withdrawn from the Pentagon’s stockpile, so they could move quickly to the front lines.

According to the agency, the latest shipment comes as Ukrainian officials say they are preparing for a counter-attack, with Ukrainian Defence Minister Oleksiy Reznikov declaring: “Homeland will come back when we say yes, everything is ready”, and Ukrainian officials saying they are storing ammunition along potentially long supply lines.

The US in recent months has declined to say exactly how much materiel will be sent to Ukraine, but the latest package resembles other previous deliveries. Officials said there will also be trucks, trailers, spare parts, and other maintenance assistance.

This is the 37th package of Pentagon stocks to go to Ukraine since the war began in February 2022, and it brings the total US military aid to about $36 billion.

Officials have said the weapons and other equipment will help as Ukraine prepares to shift from what has been a long and bloody winter stalemate, focused on heavy fighting in Ukraines east, particularly around the town of Bakhmut in the Donetsk province.

The General Staff of Ukraine’s armed forces said Russia continued to focus its efforts on offensive operations in eastern Ukraine, focusing on attacks around the areas of Lehmann, Bakhmut, Avdiyevka and Marinka.

Source: Qatar News Agency

Settlers Storm Al-Aqsa Mosque Under Occupation Police Protection

Settlers stormed -once again- the blessed Al-Aqsa mosque on Wednesday, heavily guarded by the Israeli occupation police.

Jerusalem Islamic Waqf said that dozens of settlers stormed Al-Aqsa mosque from the Mughrabi Gate, carried out provocative tours and performed Talmudic rituals in its courtyards and near its gates.

Al-Aqsa mosque is subjected to daily incursions by settlers, under the protection of the Israeli occupation forces, in an attempt by the Israeli occupation to impose the temporal division in it.

Source: Qatar News Agency

Under Patronage of Custodian of the Two Holy Mosques, 43rd King Abdulaziz International Award for Memorization of Holy Quran to kick off in Safar at Grand Mosque in Makkah

Under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, the 43rd King Abdulaziz International Award for the Memorization, Recitation and Interpretation of the Holy Quran – organized by the Ministry of Islamic Affairs, Call and Guidance, represented by the Secretariat General of the Holy Quran Award – is scheduled to kick off in Makkah in the month of Safar, 1445 Hijri with the participation of several contestants from various countries.

On the occasion, Minister of Islamic Affairs, Call and Guidance Sheikh Dr. Abdullatif bin Abdulaziz Al Al-Sheikh extended appreciation and gratitude to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, for the attention and support they attach to this award. The minister said that the award is an extension of the Kingdom of Saudi Arabia’s efforts to stimulate Muslims worldwide to compete in memorizing, reciting and interpreting the Holy Quran.

Source: Saudi Press Agency

HRH Crown Prince Congratulates President of Poland on His Country’s Constitution Day

His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, has sent a cable of congratulations to President Andrzej Duda of the Republic of Poland on the anniversary of his country’s Constitution Day.

HRH the Crown Prince wished the Polish president continued good health and happiness, and the government and people of the Republic of Poland steady progress and prosperity.

Source: Saudi Press Agency