Trump says 10 to 12 countries will get letters on tariff rate on Friday
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The Star
2 hours ago
- The Star
Bosnia's prosecutor lifts arrest warrant against separatist Serb leader
FILE PHOTO: Bosnian Serb leader Milorad Dodik arrives at the Kremlin to attend a festive concert, held on the occasion of the 80th anniversary of the victory over Nazi Germany in World War Two, in Moscow, Russia, May 8, 2025. Alexander Kryazhev/Host agency RIA Novosti/Handout via REUTERS/File Photo BELGRADE (Reuters) -Bosnia's prosecutor's office said it had lifted an arrest warrant against separatist Serb leader Milorad Dodik after he surprisingly appeared at a hearing investigating allegations against him of violating the constitutional order. After months of ignoring summons to attend the prosecutor's office to answer questions, Dodik appeared at a hearing on Friday, authorities said in a statement issued late on Friday. Dodik is a long-time advocate of the secession of the autonomous Serb Republic, one of two regions in Bosnia linked by a weak central government, and the crisis precipitated by his separatist push represents one of the biggest threats to peace in the Balkans since the 1990s conflicts that followed Yugoslavia's collapse. In February, he was sentenced to one year in jail and banned from holding office for six years for defying the decisions of an international peace envoy, the ultimate interpreter of Bosnia's constitution under the Dayton peace accords that ended the 1992-95 war in which 100,000 people were killed. In March, Bosnian state prosecutors ordered Dodik's arrest for ignoring a court summons. Following Friday's hearing, Bosnia's prosecutor's office and the court issued a statement saying that the arrest warrant for him was withdrawn, though he will still have to report periodically to state authorities. (Reporting by Ivana Sekularac; Editing by Alex Richardson)
The Star
3 hours ago
- The Star
Pope Leo takes first action to address abuse by Catholic clergy
FILE PHOTO: Pope Leo XIV looks on during a meeting promoted by the Dicastery for the Clergy in Rome, Italy, June 26, 2025. REUTERS/Remo Casilli/File Photo VATICAN CITY (Reuters) -Pope Leo on Saturday appointed a French archbishop as the new leader of the Vatican's commission on clergy sexual abuse, in the U.S. pontiff's first public move to confront an issue that has damaged the global Church's credibility. Thibault Verny, 59, will be president of the Pontifical Commission for the Protection of Minors while also remaining the archbishop of Chambery in southeast France. The Vatican commission was created by Pope Francis in 2014 in an effort by the late pontiff to respond after sexual abuse scandals affected the Church in countries across the world. The scandals have damaged the Church's standing as a moral voice, led to lawsuits costing millions in countries across the globe, and resulted in a number of resignations of bishops. Verny said he was committed to improving the Church's safeguarding measures. "We will promote the ... equitable sharing of resources so that all parts of the Church, regardless of geography or circumstance, can uphold the highest standards of protection," he said in a statement. Verny replaces Cardinal Sean O'Malley, the former archbishop of Boston. O'Malley, 81, had been serving beyond the Church's traditional retirement age of 80 for bishops. O'Malley had led the group since its creation. While some victims have praised the commission's efforts, it has also been roiled by the resignations of several of its members over the years. In 2023, a prominent Jesuit priest and papal adviser stepped down, saying publicly that he had concerns over the way the group was operating. Verny was first made a member of the commission by Francis in 2022. He has also led the French Church's safeguarding efforts. O'Malley praised the appointment, saying in a statement Verny is "a collaborative leader committed to advancing the global adoption of protection and safeguarding, to as best possible assure the safety of those in the care of the Church throughout the world". (Reporting by Joshua McElwee; Editing by Alison Williams)
The Star
4 hours ago
- The Star
Oil falls ahead of expected OPEC+ output increase
CALGARY (Reuters): Oil futures slipped slightly in thin holiday trading on Friday evening, as the market looked ahead to this weekend's OPEC+ meeting and the likelihood that member countries will decide to raise output. Brent crude futures settled down 50 cents, or 0.7%, at $68.30 a barrel while US West Texas Intermediate crude was down 50 cents, or 0.75%, at $66.50 just before 1300 EDT (1700 GMT). Trade was sparse due to the U.S. Independence Day holiday. Brent settled about 0.8% higher than last Friday's close and WTI was around 1.5% higher. Eight OPEC+ countries are likely to make another oil output increase for August at a meeting on Saturday in their push to boost market share. The meeting was moved forward a day to Saturday. "If the group decides to increase its output by another 411,000 barrels per day (bpd) in August, as expected, for the fourth successive month, oil balance estimates for the second half of the year will be reassessed and will suggest accelerated swelling in global oil reserves," said PVM analyst Tamas Varga. "There seems to be some profit-taking on concerns that OPEC will raise production by more than expected," said Phil Flynn, senior analyst with the Price Futures group. He added that investors seem to be in wait-and-see mode, getting ready to react to OPEC's move while also watching for implications of U.S. President Donald Trump's massive package of tax and spending cuts, which was set to be signed into law at a ceremony at the White House on Friday. Crude prices also came under pressure from a report on US news website Axios, which said the United States was planning to resume nuclear talks with Iran next week, while Iranian foreign minister Abbas Araqchi said Tehran remained committed to the nuclear Non-Proliferation Treaty. Meanwhile, uncertainty over U.S. tariff policy was back in the spotlight as the end of a 90-day pause on higher levies approaches. European Union negotiators have failed so far to achieve a breakthrough in trade negotiations with the Trump administration and may now seek to extend the status quo to avoid tariff hikes, six EU diplomats briefed on the talks said on Friday. Separately, Barclays said it had raised its Brent oil price forecast by $6 to $72 a barrel for 2025 and by $10 to $70 a barrel for 2026 on an improved demand outlook. (Reporting by Amanda Stephenson in Calgary, Robert Harvey in London, Mohi Narayan in New Delhi and Florence Tan in Singapore Additional reporting by Arathy Somasekhar in Houston Editing by Emelia Sithole-Matarise, Chizu Nomiyama and Matthew Lewis) - Reuters
