Default Action: directlink
Default Link Follow: nofollow
Default Link Target: newtab
Affiliate Code:
Default Link Color is defined : #096194
JOHANNESBURG (AP) — Poorer nations attending the Group of 20 summit in South Africa have used the meeting to push leaders on climate action and high levels of debt, issues directly affecting the developing world.They have also sought to position themselves as economic partners with much to offer in sectors including mining, technology and artificial intelligence, among others.Many lauded South Africa, which hands over the rotating G20 presidency to the U.S., for promoting an inclusive agenda prioritizing the needs of poorer nations by focusing on global inequality. The United States boycotted the Johannesburg meeting meant to bring rich and developing nations together over President Donald Trump’s claims that South Africa is violently persecuting its Afrikaner white minority.In addition to the G20 countries, the African Union and the European Union, many developing nations were invited as guests, like Zimbabwe, Namibia, Jamaica and Malaysia.“We are not here to speak of despair, we are here to speak of possibilities and shared responsibilities," Ethiopian Prime Minister Abiy Ahmed told delegates.He said that debt relief must translate into investments that benefit people. "In Ethiopia, we have learnt that inclusivity is not charity, it is efficiency.”Namibian President Netumbo Nandi-Ndaitwah called for fair financing terms for developing nations. She said her country had recently paid back its $750 million bond on time.“However, we are considered by decision makers as a risky country. We need fair international financial institutions,” she said.Jamaica's Prime Minister Andrew Michael Holness reflected on climate-fueled natural disasters and their impact on developing nations, like that of Hurricane Melissa that had devastated his country.“One external shock can undo years of progress," he said.World Trade Organization Director General Ngozi Okonjo-Iweala on Sunday urged African leaders to think carefully about future trade with other countries when adopting policies.“How we position ourselves depends on us and our policymakers. So if we continue to export, and see that 60% of our exports are commodities and raw materials, then things will not change," she said. "We can go from raw materials all the way to finished product by creating subregional and regional value chains.”Nabil Ahmed, director of economic and racial justice at think tank Oxfam, said it was the first time that a G20 agenda had inequality as one of its central pillars.“The world recognizes that we have a climate emergency. It's now time that we recognize that we have an inequality emergency as well," he said.“One thing that South Africa managed to do as the first host of a G20 meeting on African soil, was to prioritize the interests of African nations and the interests of global south nations,” he said.
BEIRUT (AP) — An Israeli airstrike Sunday struck Beirut for the first time since June.Israel’s military said that it targeted Hezbollah’s chief of staff, without giving further details. Hezbollah has yet to comment.Smoke could be seen in the busy Haret Hreik neighborhood, with one video circulated on social media showing dozens of people crowded around the area of the strike, which appeared to be on an apartment building.There was no immediate word on casualties.The strike in the south of the capital comes days before Pope Leo XIV is scheduled to visit the country and as Israeli airstrikes over southern Lebanon have intensified in recent weeks.Israel and the United States have been piling the pressure on Lebanon to disarm the powerful militant group. The Lebanese military issued a plan approved by the government that would disarm Hezbollah.Israel says Hezbollah is trying to rebuild its military capabilities in southern Lebanon, whereas the Lebanese government has denied those claims.
LONDON (AP) — Pressure is increasing for the former Prince Andrew to give evidence to a U.S. congressional committee investigating the convicted sex offender Jeffrey Epstein after Britain’s prime minister suggested he should testify.Keir Starmer declined to comment directly about King Charles III’s disgraced younger brother, but told reporters traveling with him for the Group of 20 summit in Johannesburg that as a “general principle” people should provide evidence to investigators.“I don’t comment on his particular case,’’ Starmer said. “But as a general principle I’ve held for a very long time is that anybody who has got relevant information in relation to these kind of cases should give that evidence to those that need it.’’The former prince, now known as Andrew Mountbatten-Windsor, has so far ignored a request from members of the House Oversight Committee for a “transcribed interview” about his “long-standing friendship” with Epstein. Andrew was stripped of his royal titles and honors last month as the royal family tried to insulate itself from criticism about his relationship with Epstein.Starmer’s comments came after Rep. Robert Garcia of California, the committee’s ranking Democrat, and Rep. Suhas Subramanyam, a Democrat from Virginia, said Andrew “continues to hide” from serious questions.“Our work will move forward with or without him, and we will hold anyone who was involved in these crimes accountable, no matter their wealth, status or political party,” they said in a statement released on Friday. “We will get justice for the survivors.”
JOHANNESBURG (AP) — The Group of 20 summit in South Africa is set to end Sunday with another diplomatic spat involving the United States after the host country refused to hand over the rotating presidency of the bloc to what it described as a junior U.S. official.The U.S. boycotted the two-day meeting of leaders from rich and emerging economies in Johannesburg over the Trump administration's claims that South Africa is violently persecuting its Afrikaner white minority.The U.S. is due to take over as G20 president for 2026 — and says it will host its summit at President Donald Trump's golf club in Doral, Florida. But South Africa insisted that a traditional handover ceremony at the end of this summit likely won't happen because the U.S. only wanted to send a diplomatic official from its embassy, calling it an insult to South African President Cyril Ramaphosa.“The United States is a member of the G20 and if they want to be represented, they can still send anyone at the right level,” South African Foreign Minister Ronald Lamola said. “It is the leaders’ summit. The right level is the head of state, a special envoy appointed by the president of that country, or it could also be a minister.”South Africa said the handover would happen later, possibly at its foreign ministry building.A deepening riftIt was not clear if any U.S. officials would attend the closing day of the summit. The diplomatic rift between the U.S. and South Africa deepened this week when Ramaphosa said the U.S. had changed its mind and wanted to participate in the summit at the last minute. The White House denied that and said U.S. officials would only attend the formal handover.White House Press Secretary Karoline Leavitt said Ramaphosa was “running his mouth a little bit against the United States and the president of the United States.”South Africa broke with tradition at the first G20 summit in Africa by issuing a leaders' declaration on the opening day of the talks on Saturday. Declarations usually come at the end of the summit.That declaration came in the face of opposition from the U.S., which has been critical of a South African agenda for the group that largely focuses on climate change and global wealth inequality. Argentina said it also opposed the declaration after Argentinian President Javier Milei — a Trump ally — also skipped the summit.Other G20 nations, including China, Russia, France, Germany, the U.K., Japan and Canada, backed the declaration, which largely called for more global attention on issues that specifically affect poor countries, such as the need for financial help for their recovery efforts after climate-related disasters, finding ways to ease their debt levels and supporting their transition to green energy sources.The G20 is ‘struggling’South Africa championed the declaration as a victory for the summit and for international cooperation in the face of the Trump administration's “America First” foreign policy. However, G20 declarations are general agreements by member countries that aren't binding, and their long-term impact has been questioned.Also, while the declaration included many of South Africa's priorities, some concrete proposals didn't make the final document. There was no mention of a new international panel on wealth inequality, similar to the United Nations-appointed Intergovernmental Panel on Climate Change, that South Africa and others had called for.Some questioned the G20's effectiveness in solving the most prominent global crises, like the Russia-Ukraine war and tensions in the Middle East.The 122-point G20 declaration made just one reference to Ukraine in a general call for an end to global conflicts and the summit appeared to have made no difference to the nearly four-year war, even as leaders or high-level delegations from all the major European nations, the European Union and Russia sat in the same room in Johannesburg.“Meeting for the first time on the African continent marks an important milestone,” French President Emmanuel Macron said, but added the bloc was “struggling to have a common standard on geopolitical crises.”A symbolic summit for poorer countriesStill, some activists said the Johannesburg summit was a significant symbolic moment for the G20, made up of 19 nations, the European Union and the African Union, because it dedicated more attention than ever to issues affecting poorer countries.“This is the first ever meeting of world leaders in history where the inequality emergency was put at the centre of the agenda," said Max Lawson of Oxfam, the international non-profit that works to alleviate global poverty.“The importance of addressing development priorities from the African perspective cannot be overemphasized,” said Namibia President Netumbo Nandi-Ndaitwah, whose southern African country of three million people was one of more than 20 smaller nations invited as guests to attend the summit alongside the G20 members.___Follow AP’s coverage of the G20 summit in South Africa: https://apnews.com/hub/g20-summit
CAIRO (AP) — A Houthi-controlled court in Yemen's capital convicted 17 people of spying for foreign governments and sentenced them to death in the latest development in a yearslong Houthi crackdown on local staff from foreign agencies.The Specialized Criminal Court in Sanaa handed down the verdict on Saturday, according to the Houthi-run SABA news agency.The people convicted were part of “espionage cells within a spy network affiliated with the American, Israeli and Saudi intelligence," said the court, which handed down a death sentence by firing squad in public.The court also sentenced a man and a woman to 10 years in prison, while another defendant was acquitted.Saturday’s verdict can be appealed, said Abdulbasit Ghazi, a lawyer representing some of the defendants who were convicted.The defendants were accused of “spying with foreign countries in a state of enmity with Yemen during the 2024-2025 period," SABA reported.Prosecutors said the defendants collaborated with intelligence officers from Saudi Arabia, Britain and the United States, as well as Israel’s Mossad intelligence service, SABA reported.The defendants provided “the enemies with information about dozens of locations and movements of the state leaders, as well as information about the missiles … which led to the targeting of several military, security and civilian sites resulting in the death of dozens and widespread destruction of infrastructure,” SABA reported.The verdict was the latest in a yearslong crackdown by the Houthis in the areas of Yemen under their control. The Iranian-backed rebels have imprisoned thousands of people during Yemen’s civil war that began in 2014, including United Nations staff members detained in June.Over the course of the past two years, the rebels have detained dozens in a crackdown focused on the U.N. and others working for international aid groups and foreign embassies. The rebels repeatedly alleged without evidence they were spies. The U.N. fiercely denies the accusations.Courts in Sanaa and other Houthi-held areas in Yemen previously gave harsh sentences to those accused of collaborating with the Saudi-led coalition. In September 2021, the rebels executed nine people who were convicted of involvement in the killing of a senior Houthi official, Saleh al-Samad, in an airstrike by the Saudi-led coalition in April 2018.In late 2023, the rebels began missile and drone attacks on Israel and on ships in the Red Sea. The Houthis have said they are acting in solidarity with the Palestinians over the war in Gaza. The U.S. and Israel launched an air and naval campaign against the Houthis in response. One Israeli strike earlier this year killed the prime minister of the rebel government and most of his cabinet.
NABUMALI, Uganda (AP) — Among the most sensitive family disputes Moses Kutoi mediates are those involving upset men questioning why some of their children don’t resemble them.For the Ugandan clan leader attuned to the wisdom of his ancestors, the matter is taboo, never to be discussed with others. Yet Kutoi feels compelled to intervene in the hope of saving marriages that sometimes turn violent and are on the verge of breaking.“Even me, I don’t resemble my father,” the clan leader recently told one disbelieving man he was helping.Paternity has become a key test of faith in this east African country as DNA testing becomes more widely available, fueled in part by published reports of well-known Ugandans who eventually discovered they were not the biological fathers of some of their children.The matter has become so heated that clerics and traditional leaders now urge tolerance and a return to the kind of African teachings that village elders like Kutoi say they stand for.At last year’s Christmas Day service, the Anglican archbishop of Uganda, Stephen Kaziimba, cited the example of the virgin birth of Jesus — the bedrock of Christian belief — in a sermon that sought to discourage DNA testing among the faithful.“You take DNA and you find out that out of the four children, only two are yours," he warned. “So just take care of the children the way they are, like Joseph did.”Paternity disputes are proliferatingThe Ministry of Internal Affairs runs a government-accredited lab that conducts court-ordered investigations. It says the number of men seeking voluntary DNA testing has soared recently, with often “heartbreaking” outcomes.“About 95% of those coming for DNA tests are men, but more than 98% of the results show these men are not the biological fathers,” Simon Peter Mundeyi, a spokesman for the Ministry of Internal Affairs, told reporters in July.His advice for men was not to seek DNA proof of paternity “unless you have a strong heart," he said.DNA testing centers have sprouted all over Uganda, with aggressive advertising by clinical labs on radio and in public spaces. Some passenger taxis in Kampala, the Ugandan capital, have had their back windows plastered with ads for facilities offering DNA testing.In Nabumali, a small town where Kutoi is the mayor, most families can’t afford DNA testing fees, which exceed $200 at the only private laboratory equipped to do such work in nearby Mbale city.The couples who seek Kutoi’s assistance can barely tolerate each other by the time they approach him. He tries to ease the tension with self-deprecating jokes and by sharing his own experience with the taboo topic. Kutoi likes to point out that although he doesn't resemble his father, he was picked as the family heir anyway, allowing him to become a clan leader among the Bagisu people.In the past, if a man spoke publicly about paternity concerns, community elders would pay him a visit. He could be punished, including being forced to pay a fine, Kutoi said.“You are not supposed to pronounce that I am suspecting that this child is not mine,” said Kutoi, adding that being drunk was no excuse for such an utterance.Disputes are tied to property and divorce proceedingsThese days many paternity disputes in Uganda revolve around the distribution of property after the family patriarch has died, but also during divorce proceedings when spousal support is contested.In the most prominent recent case, court-ordered DNA testing showed a wealthy academic in Kampala was not the father of one of this three children. That case has been widely covered by the local press, underscoring paternity as an issue affecting a wide range of families.The Rev. Robert Wantsala, vicar of a small Anglican parish in the eastern district of Mbale, spoke about the array of paternity disagreements he has encountered. He recalled a woman who had her late husband’s son DNA tested before he could be considered an estate beneficiary, two men who tussled over a child each believed to be his and a man who told his grown son he wanted a DNA test for not behaving like a family member.“The man said to his son, ‘This character is not in my family,’” Wantsala said, recalling an incident from 2023.The son responded forcefully, winning the approval of his community by telling his father that he would agree to a test “on condition that you invite my (dead) mother.”Wantsala echoed the advice of Kaziimba, the Anglican primate, saying he always tells doubting men to leave the matter to God.“When they come, in whichever way they come, children are children,” he said. “A child that is born in the home, that is your child. Even in African tradition that is how it was.”The men who seek DNA testing without thinking of the consequences are wasting their time, Kutoi said.“For us, they knew the child belonged to you regardless,” he said, speaking of African traditional society.Disowning children was unheard of, although some men were known to discreetly take measures like offering the disputed son a land inheritance far removed from the ancestral compound in which the heir would be installed, Kutoi said.Faith leaders counsel familiesOther religious leaders have organized counseling sessions.Andrew Mutengu, pastor of Word of Faith Ministries in Mbale, said paternity is a recurring subject in many disputes he mediates among his 800 congregation members.Last month he helped the wife of a rich businessman whose young daughter was claimed by a former boyfriend, a local barber. After the woman confessed she had been unfaithful, Mutengu summoned the barber, who agreed to stop publicizing his claim in the child's interest.“He goes around bragging that ‘I am the father,’” he said of the barber. “It was actually causing issues because this woman is in a home with another man who is actually the known husband."Mutengu said he believes more men in his community would seek DNA testing if it were cheaper, no matter faith leaders' appeals.Even Kutoi sounded doubtful when his 29-year-old son crossed the compound one recent afternoon at their home in Nabumali. The son is of light skin and taller than his father, who used the opportunity to tell a joke.“You saw this tall boy. That is my son,” he said. “When you looked at him, did he look like me?"___Associated Press religion coverage receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content.
MEXICO CITY (AP) — Mexican artistic director Jorge Díaz used to have a unique selection of bedtime stories for his son.Setting aside well-known books like “Pinocchio,” they read tales closer to home. Among their favorites was the Popol Vuh, a compendium of sacred Maya myths.“Recalling those stories is important,” said Díaz, whose grandmother told him legends from her Indigenous lineage as a child. “We have plenty of beautiful, pre-Hispanic tales. But we sometimes forget.”The one he enjoyed with his son recounts the story of hero twins Ixbalanqué and Hunahpú.In the Popol Vuh, the brothers embark on a perilous journey to the Maya underworld. There, they outwit death, confront its lords and ultimately rise transformed.The myth inspired Díaz’s adaptation, “Mortal Leap into Xib’alb’a.” Blending circus arts with theater, the piece employs acrobatics and ritual to reimagine the ancestral story on stage.“We sought to give the piece its own identity through circus, but I didn’t want the work to rely only on tricks or spectacle,” Díaz said. “The idea was for the techniques to blend with the story and the characters, creating atmospheres rather than just showcasing skills.”The show has returned to the stage periodically since its debut in 2023. New performances were held in Mexico City in late November.Circus as storytellingThe troupe behind “Mortal Leap into Xib’alb’a” was founded 20 years ago by Díaz and fellow artist Jessica González. Initially a theater company, “Tránsito Cinco” evolved into a group devoted to circus arts.“Fresh out of university, we searched for tools that would allow us to grow as actors,” said González, who also performs as a narrator in the Maya myth piece. “We wanted to find something that could connect theater with dance and the circus became a meeting place.”Their current repertoire includes 16 productions. There’s not a shared theme among them. Yet Díaz and González aim to create pieces with a clear narrative thread.“Our shows are built around a theme or storyline,” she said. “We believe that circus arts can also be a way to say something, whether it’s about social issues or any other subject.”How they work hand in hand with artists is reflected in “Somnia,” a documentary about Tránsito Cinco’s history and vision.“This is one of the most influential art forms I’ve ever witnessed,” said director Arely Cantellano during a recent showing of her film. “It opens those doors to many different arts and invites us all to take part.”Circus as ritualAside from adapting the Maya myth and directing fellow artists, one of Díaz’s jobs in “Mortal Leap into Xib’alb’a” is rigging work. That is, as Yareli Reyes performs while being suspended from a rig by her hair, Díaz oversees her safetyHer performance is close to Díaz’s heart. She plays one of the Maya twins, a role the director once envisioned for himself.His brother — also an actor — plays the main character in the Maya-inspired piece and Díaz dreamed of performing alongside him. “I love that fragment of the Popol Vuh,” he said. “It felt important to me to create it onstage together.”He let go of the role so he could avoid overloading himself. But watching his beloved sacred story from a distance provides him with a fresh understanding of his art.“Circus has the power to astonish and play with risk,” he said. “When I’m holding the performer who does hair suspension, there are moments when I see the light, the atmosphere, and it feels like a ritual.”Several scenes feel full of energy to him. The way the music, the light and the artists’ bodies fuse into stagecraft creates an immersive environment for audiences, he said.“It’s fantastic,” said marketing strategist Alba Vida about Tránsito Circo’s work after the recent showcase of their documentary. “I love circus arts because, within them, the frontier with entertainment shifts.”A tale of rebirthDíaz’s son is now 14. However, the work inspired by their nights delving into the Maya underworld is still aimed at children and families.For an hour, “Mortal Leap into Xib’alb’a” depicts the twins’ journey between the living realm and the underworld. The performance kicks off, portraying how the brothers are born after their mother becomes pregnant when the skull of their father spits into her hand, a symbolic transfer of life.The twins are raised among humans. Yet as they learn to play a pre-Hispanic ritual sport that infuriated the Xib’alb’a lords, several fights take place and the pair eventually perishes — only to return transformed in the myth’s final cycle.“Under the Mayan worldview, death is not an ending, but a chance to be reborn,” Díaz said. “So even as they throw themselves into the fire as a sacrifice, they become the Sun and Moon.”Conveying how the ancient Maya perceive death as a possibility to reinvent oneself is as important to Díaz as taking care of every detail in his colleagues’ risky, brilliant acts.“There are many elements from pre-Hispanic Indigenous traditions that can be brought into circus performance,” he said. “Ways to use them, reinterpret them and give them new meaning onstage.”____Associated Press religion coverage receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content.
BELEM, Brazil (AP) — After two weeks of negotiations, this year's United Nations climate talks ended Saturday with a compromise that some criticized as weak and others called progress.The deal finalized at the COP30 conference pledges more money to help countries adapt to climate change, but lacks explicit plans to transition away from the fossil fuels such as oil, coal and gas that heat the planet.The conference didn't do as much as scientists thought the world needed. It wasn't as meaningful as activists and Indigenous people demanded. Few countries got everything they wanted. And the venue even caught fire.But that disappointment is mixed with a few wins and the hope for countries to make more progress next year.Here's what you need to know about the outcome.Leaders tried to nail down specifics on fighting climate changeLeaders have been working on how to fight the impacts of climate change, such as extreme weather and sea level rise, for a decade. To do that, every country had the homework of writing up their own national climate plans and then reconvened this month to see if it was enough.Most didn't get a good grade and some haven't even turned it in.Brazil, host of the climate conference known as COP30, was trying to get them to cooperate on the toughest issues like climate-related trade restrictions, funding for climate solutions, national climate-fighting plans and more transparency on measuring those plans' progress.More than 80 countries tried to introduce a detailed guide to phase out fossil fuels over the next several decades. There were other to-do items on topics including deforestation, gender and farming.Countries reached what critics called a weak compromiseNations agreed to triple the amount of money promised to help the vulnerable countries adapt to climate change. But they will take five more years to do it. Some vulnerable island countries said they were happy about the financial support.But the final document didn't include a road map away from fossil fuels, angering many.After the agreement was reached, COP President André Corrêa do Lago said Brazil would take an extra step and write their own road map. Not all countries signed up to this, but those on board will meet next year to specifically talk about the fossil fuel phase out. It would not carry the same weight as something agreed to at the conference.Also included in the package were smaller agreements on energy grids and biofuels.Responses ranged from happy to angry“Given what we expected, what we came out with, we were happy,” said Ilana Seid, chair of the Alliance of Small Island States.But others felt discouraged. Heated exchanges took place during the conference’s final meeting as countries snipped at each other about the fossil fuel plan.“I will be brutally honest: The COP and the U.N. system are not working for you. They have never really worked for you. And today, they are failing you at a historic scale,” said Juan Carlos Monterrey Gomez, a negotiator for Panama.Jiwoh Abdulai, Sierra Leone’s environment and climate change minister said: “COP30 has not delivered everything Africa asked for, but it has moved the needle.” He added: "This is a floor, not a ceiling.”The real outcome of this year’s climate talks will be judged on “how quickly these words turn into real projects that protect lives and livelihoods,” he said.Talks set against the Amazon rainforestParticipants experienced the Amazon’s extreme heat and humidity and heavy rains that flooded walkways. Organizers who chose Belem, on the edge of the rainforest, as the host city had intended for countries to experience firsthand what was at stake with climate change, and take bold action to stop it.But afterward, critics said the deal shows how hard it is to find global cooperation on issues that affect everyone, most of all people in poverty, Indigenous people, women and children around the world.“At the start of this COP, there was this high level of ambition. We started with a bang, but we ended with a whimper of disappointment," said former Philippine negotiator Jasper Inventor, now at Greenpeace International.Indigenous people, civil society and youthOne of the nicknames for the climate talks in Brazil was the “Indigenous peoples' COP.” Yet some in those groups said they had to fight to be heard.Protesters from Indigenous groups twice disrupted the conference to demand a bigger seat at the table. While Indigenous people's rights weren't officially on the agenda, Taily Terena, an Indigenous woman from the Terena nation in Brazil, said so far she is happy with the text because for the first time it includes a paragraph mentioning Indigenous rights.She supported countries speaking up on procedural issues because that’s how multilateralism works. “It’s kind of chaotic, but from our perspective, it’s kind of good that some countries have a reaction,” she said.___The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.___This story was produced as part of the 2025 Climate Change Media Partnership, a journalism fellowship organized by Internews’ Earth Journalism Network and the Stanley Center for Peace and Security.
NEW YORK (AP) — A strong year for initial public offerings on Wall Street has fizzled out due to the government shutdown and a cautious turn by investors.Many IPOs targeted for the end of this year will likely be pushed into next year as the Securities and Exchange Commission works to clear a backlog of hundreds of registration statements. Meanwhile, shares of companies that did make their market debuts haven't fared well lately amid concerns that stocks have gotten too expensive after another double-digit gain for the market this year.“A backlogged SEC, the approaching holiday slowdown, and pressure on AI and other tech stocks are all weighing on hopes for a near-term rebound,” wrote Bill Smith, CEO of Renaissance Capital, in a note to investors.Despite the backlog, Wall Street is still anticipating several IPOs in November and December that were already in the later stages of the regulatory process.Central Bancompany was one of the bigger companies going public following the end of the government shutdown. The bank holding company for The Central Trust Bank raised $373 million from its IPO on Thursday. Still, November is on track to be among the slowest months for IPOs in 2025, according to Renaissance Capital.Wall Street anticipates that medical supplies company Medline could go public in December, potentially raising up to $5 billion, while cryptocurrency technology company BitGo remains another potential IPO for next month.The more cautious turn for the market has also checked the gains of some more recent IPOs, sending some falling sharply since their debuts.Web design software company Figma has essentially lost all its gains since going public in July. It more than tripled on its first day of trading after pricing at $33 per share. It is now trading slightly above the IPO price.Klarna, the Swedish buy now, pay later company priced its IPO at $40 per share in September and is currently trading close to $29 per share. Cloud computing company CoreWeave also priced its IPO at $40 per share, in March. It surged in the months following its IPO, but has pulled back significantly to about $72 per share.Software company Navan went public at $25 per share in the midst of the government shutdown but failed to gain much ground and is now trading at about $15.The benchmark S&P 500 is having a bleak November. It’s down 3.5% for the month, with much of that decline being led by the tech sector, which had been driven higher by enthusiasm over developments in artificial intelligence. Wall Street has grown more concerned about whether the gains have been justified.The S&P 500 is still up more than 12% for the year and the tech-heavy Nasdaq is up more than 15%.Renaissance Capital's IPO Index is down about nearly 0.8% so far this year as of Friday and has been falling against the S&P 500 since mid-October.“What that shows is that investors very quickly monetized, they didn't want to take the long-term risk,” said Samuel Kerr, head of global equity capital markets at Mergermarket.Still, overall demand for IPOs remains strong. Even with the recent pullback, the broader market remains expensive, especially within the influential technology sector. IPOs have traditionally been another way for investors to get into the market at a less expensive entry point.“Increasingly, as a money manager, you have to find other places to make money and typically, IPOs are that place,” said, David Kaufman, partner and co-chair of the corporate & securities practice at Thompson Coburn LLP. “You continue to have all these large mutual funds and money managers with excess cash and no place to put this cash.”The broader market’s direction in the new year will determine the costs and types of IPOs. Some of the more anticipated big tech names that could go public in 2026 include AI-focused software company Databricks and graphic design app Canva. Wall Street also considers financial technology Plaid as another possible 2026 IPO.Any visible lull in IPO activity through the rest of the year is partially masking a flurry of activity beneath the surface as companies go through the regulatory process.“It's a busy time for lawyers and bankers trying to tee things up for the first and second quarter of next year,” Kaufman said.
SAN DIEGO (AP) — The Trump administration has sued California for providing in-state college tuition, scholarships, and state-funded financial aid to students who do not have legal status to be in the United States.The lawsuit, filed Thursday in the U.S. District Court for the Eastern District of California, alleges the practice harms U.S. citizens and encourages illegal immigration. Among the defendants are the state, top state officials, and the state's two public university systems, the University of California and California State.President Donald Trump's administration has filed similar lawsuits against policies in other states, including Illinois, Oklahoma, Minnesota, Kentucky and Texas. Half the country now has similar laws to California's.In June, after the administration sued, Texas ended its decades-old law. And Florida last year scrapped its law that allowed in-state tuition for high school graduates who weren't in the country legally.Supporters of the state tuition breaks argue that they don’t violate federal law if they provide the same rates to U.S. citizens in the same circumstances — meaning they are residents of the state and graduates of one of its high schools. The California Dream Act also allows such students to apply for state-funded financial aid.Many of the students were brought to the U.S. by their parents when they were children, and supporters of the laws say they are as much a part of their communities as U.S. citizens.It is the latest action by Trump's administration since he issued executive orders in February directing federal agencies to stop public benefits from going to immigrants living in the U.S. illegally and to challenge state and local policies seen as favoring those immigrants over some citizens. The lawsuit argues that the Republican president’s orders enforce federal immigration laws.“California is illegally discriminating against American students and families by offering exclusive tuition benefits for non-citizens,” Attorney General Pamela Bondi said in a statement. “This marks our third lawsuit against California in one week — we will continue bringing litigation against California until the state ceases its flagrant disregard for federal law.”The Justice Department also sued to block new congressional district boundaries approved by California voters last week, and over California’s new laws banning federal agents from wearing masks and requiring them to have identification while conducting operations in the state.The University of California defended its decades-old in-state tuition policy.“While we will, of course, comply with the law as determined by the courts, we believe our policies and practices are consistent with current legal standards,” it said in a statement.The lawsuit comes weeks after the California Supreme Court let stand a lower-court ruling that the University of California’s policy barring students without legal status in the U.S. from campus jobs is discriminatory and must be reconsidered.University system officials had warned that the decision would put them in a precarious position as they negotiate with the Trump administration after the withdrawal of federal research funds.The UC is dealing with federal grant suspensions and a White House demand that it pay a $1 billion fine over allegations including antisemitism and the illegal consideration of race in admitting students to its Los Angeles campus.The California State University system is the nation’s largest and among its most diverse, with more than 460,000 students. More than a quarter of undergraduates are first-generation college students, according to the university system.The University of California serves about 300,000 students.
COLUMBUS, Ohio (AP) — An Ohio officer who shot and killed a pregnant Black mother in a supermarket parking lot after she was accused of shoplifting has been acquitted of all charges, including murder.Blendon Township police officer Connor Grubb could have faced up to life in prison.The Blendon Township police officer had pleaded not guilty to murder, involuntary manslaughter and felonious assault in the death of 21-year-old Ta’Kiya Young. Bodycam recordings showed Young refusing to exit her car and then turning her steering wheel to the right, before her car began slowly rolling forward against the body of Grubb, who fired one shot into her chest through the windshield.Franklin County Common Pleas Judge David Young, no relation to Ta’Kiya, dropped four of 10 counts relating to the death of Young’s unborn daughter, agreeing with defense attorneys that prosecutors failed to present proof that Grubb knew Young was pregnant when he shot her.Jurors were shown the bodycam video on the first day of the two-week trial, and heard testimony from a use-of-force expert, an accident reconstructionist, a police policy expert and Sgt. Erick Moynihan, the officer who with Grubb had ordered Young out of her car.They never heard from Grubb, whose side of the story was contained in a written statement read into the record by a special agent for the Ohio Bureau of Criminal Investigation. He attended the trial, but prosecutors were unable to question him directly.Grubb and Moynihan had approached Young’s parked car on Aug. 24, 2023, about a report that she was suspected of stealing alcohol from a Kroger store in the Columbus suburb. She partially lowered her window and protested as both officers cursed at her and yelled at her to get out. Bodycam video showed Grubb had his left hand on the car's hood while pointing his gun at her with his right. Young could be heard asking them, “Are you going to shoot me?”Then, she put on a turn signal and her car rolled slowly forward toward Grubb, who fired a single bullet into her chest, the recording showed.In the statement, Grubb said he had positioned himself in front of Young’s vehicle to provide backup and to protect other people in the parking lot. He said he drew his gun after he heard Young fail to comply with Moynihan’s commands. When she her car moved toward him, he said, he felt the vehicle hit his legs and shins and begin to lift his body off the ground as he shot.Moments later, after the car came to a stop against the building, they broke the driver’s side window. Police said they tried to save her life, but she was mortally wounded. Young and her unborn daughter were pronounced dead at a hospital.A full-time officer with the township since 2019, Grubb was placed on paid administrative leave after the shooting.Young had two young sons, ages 8 and 5, who are being raised by Ta'Kiya's grandmother, Nadine Young. Attorney Sean Walton, representing her family, told the AP shortly after the shooting that Young had not stolen anything. He said his law firm found a witness who saw Young put down bottles of alcohol as she left the grocery store.“The bottles were left in the store,” Walton said. “So when she’s in her car denying that, that’s accurate. She did not commit any theft, and so these officers were not even within their right to place her under arrest, let alone take her life.”
President Donald Trump is accusing half a dozen Democratic lawmakers of sedition “punishable by DEATH” after the lawmakers — all veterans of the armed services and intelligence community — called on U.S. military members to uphold the Constitution and defy “illegal orders” in a video posted to X.The 90-second video was first posted early Tuesday from Sen. Elissa Slotkin’s X account. In it, the six lawmakers — Slotkin, Arizona Sen. Mark Kelly, and Reps. Jason Crow, Chris Deluzio, Maggie Goodlander and Chrissy Houlahan — speak directly to U.S. service members, whom Slotkin acknowledges are “under enormous stress and pressure right now.”Here’s the latest:Supreme Court meets to weigh Trump’s birthright citizenship restrictions, blocked by lower courtsThe Supreme Court is to meet in private Friday with a high-profile issue on its agenda — President Trump ’s birthright citizenship order declaring that children born to parents who are in the United States illegally or temporarily are not American citizens.The justices could say as soon as Monday whether they’ll hear Trump’s appeal of lower court rulings that have uniformly struck down the citizenship restrictions. They haven’t taken effect anywhere in the United States.If the court steps in now, the case would be argued in the spring, with a definitive ruling expected by early summer.The birthright citizenship order, which Trump signed on the first day of his second term in the White House, is part of his administration’s broad immigration crackdown.▶ Read more about Trump’s order on birthright citizenshipTrump and Mamdani meet Friday in the Oval Office. They’ve cast each other as adversaries for monthsTrump has called New York City’s Mayor-elect Zohran Mamdani a “100% Communist Lunatic” and a “total nut job.” Mamdani has called Trump’s administration “authoritarian” and described himself as “Donald Trump’s worst nightmare.”So their first-ever meeting, scheduled for Friday at 3 p.m. EST at the White House, could be a curious and combustible affair.Despite months of casting each other as prime adversaries, the Republican president and new Democratic star have also indicated an openness to finding areas of agreement that help the city they’ve both called home.Mamdani, a democratic socialist who takes office in January, said he sought the meeting with Trump to talk about ways to make New York City more affordable. Trump has said he may want to help him out — although he has also falsely labeled Mamdani as a “communist” and threatened to yank federal funds from his hometown.But for both men, the meeting offers opportunities beyond any areas of potential bipartisan agreement.The two men are convenient political foils for each other, and taking the other one on can galvanize their supporters.▶ Read more about their upcoming meetingTrump administration announces plan for new oil drilling off the coasts of California and FloridaThe Trump administration announced on Thursday new oil drilling off the California and Florida coasts for the first time in decades, advancing a project that critics say could harm coastal communities and ecosystems, as President Donald Trump seeks to expand U.S. oil production.The oil industry has been seeking access to new offshore areas, including Southern California and off the coast of Florida, as a way to boost U.S. energy security and jobs. The federal government has not allowed drilling in federal waters in the eastern Gulf of Mexico, which includes offshore Florida and part of offshore Alabama, since 1995, because of concerns about oil spills. California has some offshore oil rigs, but there has been no new leasing in federal waters since the mid-1980s.Since taking office for a second time in January, Trump has systematically reversed former President Joe Biden’s focus on slowing climate change to pursue what the Republican calls U.S. “energy dominance” in the global market.▶ Read more about the plans for new oil drillingTrump’s Ukraine envoy Keith Kellogg expected to leave his post as new peace plan emergesTrump’s special envoy to Ukraine, Keith Kellogg, has informed the White House he’ll leave his post in January, according to two senior administration officials.The move comes as the White House is working on a new peace plan aimed at bringing an end to Russia’s war in Ukraine that is being largely coordinated by Trump envoy Steve Witkoff and Kirill Dmitriev, an adviser to Russian President Vladimir Putin. That plan calls for major concessions by Kyiv, including ceding territory to Russia and abandoning certain weaponry.The officials were not authorized to comment publicly and spoke on the condition of anonymity about Kellogg’s expected departure from the administration. They declined to comment on why Kellogg was departing. News of Kellogg’s expected exit was first reported by Reuters.Kellogg was initially named special envoy for Ukraine and Russia during Trump’s presidential transition. But his role shrank as Witkoff, a real estate developer turned diplomat, emerged as the president’s chief interlocutor with Putin and his advisers.▶ Read more about Kellogg’s departureTrump expands tariff relief on coffee, fruit and beef from BrazilTrump has further loosened tariffs on Brazil as part of his effort to lower consumer costs for Americans. The decision, released Thursday, affects coffee, fruit and beef, among other goods.The White House said last week that Trump was rolling back some worldwide tariffs that were originally announced in April.However, Brazil said that didn’t affect levies that Trump had enacted in July to punish the country for prosecuting his political ally, former President Jair Bolsonaro.Thursday’s decision harmonizes Trump’s plans, ensuring that neither the April nor July tariffs apply to certain products.Trump and Brazilian President Luiz Inácio Lula da Silva have been negotiating over trade, which could further reduce tariffs.Trump steps up attacks on ABC and Jimmy Kimmel, says network should ‘get the bum off the air’Trump stepped up his attacks against ABC and late-night host Jimmy Kimmel on Thursday, urging the network to “get the bum off the air” in a social media post sent shortly after the comic’s latest episode ended.The president this week had also expressed anger at the network’s chief White House correspondent, Mary Bruce, for questions she asked in an Oval Office meeting, which his press staff followed with a 17-point memo listing grievances against ABC News.Trump’s latest attack against Kimmel came two months after ABC temporarily suspended the comic for remarks made following the assassination of GOP activist Charlie Kirk. ABC lifted the suspension following a public outcry.Kimmel’s show Wednesday night began with a blistering monologue about Trump. Trump struck back in a Truth Social post sent at 12:49 a.m. Eastern. “Why does ABC Fake News keep Jimmy Kimmel, a man with NO TALENT and VERY POOR TELEVISION RATINGS, on the air? Why do the TV Syndicates put up with it?” Trump said.▶ Read more about Trump and KimmelTrump says Democrats’ video message to military is ‘seditious behavior’ punishable by deathTrump on Thursday accused half a dozen Democratic lawmakers of sedition “punishable by DEATH” after the lawmakers — all veterans of the armed services and intelligence community — called on U.S. military members to uphold the Constitution and defy “illegal orders.”The 90-second video was first posted early Tuesday from Sen. Elissa Slotkin’s X account. In it, the six lawmakers — Slotkin, Arizona Sen. Mark Kelly, and Reps. Jason Crow, Chris Deluzio, Maggie Goodlander and Chrissy Houlahan — speak directly to U.S. service members, whom Slotkin acknowledges are “under enormous stress and pressure right now.”Trump on Thursday reposted messages from others about the video, amplifying it with his own words. It marked another flashpoint in the political rhetoric that at times has been thematic in his administrations, as well as among some in his MAGA base. Some Democrats accused him of acting like a king and trying to distract from the soon-to-be-released files about disgraced financier and sexual abuser Jeffrey Epstein.▶ Read more about the video and Trump’s response




