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Without reforms, Gulf oil wealth could vanish by 2034: IMF

Energy-addicted Gulf states must undertake much deeper reforms or risk seeing their wealth drain away in 15 years as global demand for oil slides, the IMF warned Thursday. "At the current fiscal stance, the region's financial wealth could be depleted by 2034," the International Monetary...

High-speed train derails in northern Italy, two drivers die

A high-speed train derailed in northern Italy in the early hours of Thursday, killing its two drivers, injuring scores of people and disrupting traffic on the busy line between Milan and Bologna. The train skipped the tracks while traveling at an estimated 280 kph (175 mph), with the front...

U.S. citizen kidnapped in east Afghanistan: media reports

A U.S. citizen has been kidnapped in Afghanistan’s eastern Khost province, according to media reports on Thursday. American current affairs magazine Newsweek reported that a 57-year old U.S. contractor was abducted last week in Khost, citing unnamed U.S. officials. The U.S. State...

UK PM Johnson backs U.S. peace plan in call with Netanyahu

 British Prime Minister Boris Johnson reiterated his support for a U.S. Middle East peace plan and a two-state solution in a call with Israeli Prime Minister Benjamin Netanyahu, Johnson’s spokesman said on Thursday. Last month, U.S. President Donald Trump proposed the creation of a...