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High oil prices help Saudi Aramco earn $88B in first half

DUBAI, United Arab Emirates (AP) — Saudi energy company Aramco said Sunday its profits jumped 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion. The increase is a boon for the kingdom and the crown prince's spending power as...

Analysis: Israeli PM's Gaza gamble seems to have paid off

TEL AVIV, Israel (AP) — Israel’s caretaker prime minister took a gamble with his preemptive strike against Islamic Jihad militants in Gaza, less than three months before he is to compete in general elections to retain his job. Yair Lapid had counted on Gaza’s militant Hamas rulers to...