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High fuel costs to trigger airline failures and consolidation, industry chief says

High fuel costs to trigger airline failures and consolidation, industry chief says

By Joe Brock RIO DE JANEIRO, June 6 (Reuters) - Soaring jet fuel prices driven by conflict in the Middle East are likely to push more airlines into bankruptcy and spur more sector consolidation this year and next, the head of the global airline body said on Saturday.
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Greek Authorities Arrest Palestinian Man in Suspected Hamas Cell Targeting Israeli Tourists

Greek Authorities Arrest Palestinian Man in Suspected Hamas Cell Targeting Israeli Tourists

Greek authorities have arrested a 37-year-old Palestinian man on the island of Crete, suspected of being part of a terrorist cell linked to Hamas. The man is accused of planning attacks on Israeli tourists, according to a statement by Athens police. The suspect reportedly arrived in Greece about a year ago and was granted asylum. He was working seasonally at a hotel in Agios Nikolaos, a location frequented by cruise ships carrying Israeli tourists. The arrest follows the detention of two other Palestinians in Cyprus, believed to have received joint training in explosives. The Greek police have been monitoring the suspect for several days before his arrest, and he is expected to appear before a prosecutor as the investigation continues.
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Viking Expands European River Voyages with New Excursions and Experiences

Viking Expands European River Voyages with New Excursions and Experiences

Viking Expands European River Voyages with New Excursions and Experiences
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Aviation Industry Faces Challenges Amid Global Fuel Crisis and Geopolitical Tensions

Aviation Industry Faces Challenges Amid Global Fuel Crisis and Geopolitical Tensions

Aviation Industry Faces Challenges Amid Global Fuel Crisis and Geopolitical Tensions
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World shares mostly decline, with South Korea's Kospi down more than 5%

World shares mostly decline, with South Korea's Kospi down more than 5%

World shares are mostly lower and South Korea's benchmark dropped more than 5% after sharp declines for some big artificial intelligence-related stocks in the U.S. U.S. futures were also trading mixed, while oil prices slipped
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The US job market is strong but many Americans are still frustrated by prospects and rising prices

The US job market is strong but many Americans are still frustrated by prospects and rising prices

U.S. employers added a surprising 172,000 jobs in May as the labor market continued to show resilience in the face of rising costs from the Iran war
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Israel Democracy Institute Conference Highlights AI's Impact on Israeli Economy

Israel Democracy Institute Conference Highlights AI's Impact on Israeli Economy

The Israel Democracy Institute recently held a conference in Jerusalem focusing on the impact of artificial intelligence (AI) on the Israeli economy. The event, known as the Eli Hurvitz Conference, brought together various stakeholders from different sectors of society and the economy. Unlike traditional conferences, this event featured a unique horseshoe format that encouraged open dialogue and peer-level discussions among participants. The conference aimed to address the opportunities and challenges posed by AI, with discussions centered around policy-making, company funding, and institutional management. The event highlighted the potential of AI to influence economic strategies and the importance of collaborative efforts in leveraging AI for economic growth.
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Viking Introduces New European River Voyage Experiences with Unique Excursions

Viking Introduces New European River Voyage Experiences with Unique Excursions

Viking Introduces New European River Voyage Experiences with Unique Excursions
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Venice Biennale Faces Legal Threats from Artists Over Award Controversy

Venice Biennale Faces Legal Threats from Artists Over Award Controversy

A group of over 100 artists participating in the Venice Biennale have threatened legal action against the event's organizers due to their names being included in a visitor-voted award despite requests for removal. The artists, who are part of the 61st Venice Biennale, expressed their discontent in a statement published on June 3, claiming that their repeated requests to be withdrawn from the award consideration have been ignored by the Biennale organizers. The artists argue that the process lacks transparency and accountability, and they find it disrespectful that their names remain on the ballot. The Biennale organizers have stated that while the names will remain listed to ensure freedom of expression, votes for these artists will not be counted. This controversy follows the resignation of the jury for the Biennale's usual Golden and Silver Lion Awards, which were canceled due to geopolitical tensions involving Israel and Russia.
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Ben Jerry's Israel Triumphs Over BDS with New 'Milk and Honey' Flavor Launch

Ben Jerry's Israel Triumphs Over BDS with New 'Milk and Honey' Flavor Launch

Ben Jerry's Israel Triumphs Over BDS with New 'Milk and Honey' Flavor Launch
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IAEA Unable to Inspect Iran's Nuclear Facilities Amid Ongoing Conflict

IAEA Unable to Inspect Iran's Nuclear Facilities Amid Ongoing Conflict

The International Atomic Energy Agency (IAEA) has reported its inability to inspect nuclear facilities in Iran that were affected by a conflict last June. According to a confidential report circulated to member states, the IAEA cannot provide information on the current size, composition, or location of Iran's enriched uranium stockpile. This situation arises as tensions in the Middle East continue to escalate, with Iran maintaining a significant stockpile of uranium enriched up to 60% purity. This level of enrichment is close to weapons-grade, which is 90%, and could potentially allow Iran to build nuclear weapons if it chooses to weaponize its program. The IAEA has emphasized the urgency for Iran to comply with its obligations under the Nuclear Non-Proliferation Treaty.
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Gazan Charged with Hiding Israeli Soldier's Body for Hamas for Over a Decade

Gazan Charged with Hiding Israeli Soldier's Body for Hamas for Over a Decade

Ibrahim Hilo, a Gaza resident, has been indicted for holding the body of Israeli soldier Staff Sgt. Oron Shaul for Hamas for more than ten years. Shaul was killed in 2014 during the Gaza war, and his body was used by Hamas as a bargaining chip in negotiations with Israel. Hilo is charged with aiding the enemy in wartime, membership in a terrorist organization, and weapons offenses. The case was investigated by Israeli security agencies, and Hilo allegedly stored Shaul's body in a meat freezer at his business until it was recovered by Israeli forces in 2025.