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World Today: Key News Stories to Follow

Republican Florida Governor Ron DeSantis to Announce 2024 US Presidential Nomination

Republican Florida Governor Ron DeSantis is set to make a major announcement regarding his candidacy for the 2024 US Presidential election. The announcement will be made via a live stream on Twitter Spaces, featuring a conversation with Mr. Elon Musk. The event is scheduled to take place on Wednesday evening in the United States.

Russian President Vladimir Putin’s Controversial Statements on Ukrainian History

Russian President Vladimir Putin recently made controversial remarks claiming that the Ukrainian Soviet Union was created by the Soviet government and that there was no Ukrainian presence in the history of mankind before that. These statements have sparked significant debate and scrutiny.

Russian Court Extends Detention of Wall Street Journal Correspondent

A Russian court has issued an order to extend the detention of Wall Street Journal correspondent Ivan Gershkovich until August 30. Gershkovich’s detention, which began on May 29, has been extended by the court, raising concerns about press freedom and freedom of expression.

Saudi Energy Minister Warns of Misinformation Regarding Russia’s Oil Production

Saudi Energy Minister Prince Abdulaziz bin Salman has raised concerns about misinformation surrounding Russia’s oil production. He referred to a forecast by the International Energy Agency (IEA) stating that Russia’s oil production could drop by 3 million barrels per day due to the conflict in Ukraine. Prince bin Salman emphasized the need for accurate information and warned speculators who have sold short in the market, anticipating further declines in oil prices.

US Republican Leaders Express Doubts on Debt Ceiling Deadline

Republican leaders in the US House of Representatives have expressed suspicion regarding Treasury Secretary Janet Yellen’s mention of a June 1 deadline for negotiating a debt ceiling deal. Questions have been raised about the origin of this specific date and its implications for the ongoing discussions.

U-Haul Truck Driver Identified in Security Fence Crash Near White House

US authorities have released the name of the U-Haul truck driver who crashed into the security fence of Lafayette Square, near the White House. The driver has been identified as 19-year-old Zay Varchit Khandula from Chesterfield, Missouri. A Nazi swastika flag was reportedly found in the vehicle, adding further concerns and raising questions about the motive behind the incident.

Alibaba Group Begins Layoffs in Cloud Intelligence Group

Reports from Bloomberg News Agency indicate that Chinese e-commerce giant Alibaba Group has initiated layoffs within its Cloud Intelligence Group business. Approximately 7% of the workforce is expected to be affected by the layoffs, highlighting potential shifts and challenges in the company’s operations.

Key Economic Data Releases Today

Several important economic data releases are scheduled for today. South Korea will unveil its May Business Confidence figures, while Britain will release April inflation data. Germany will publish the Ifo Business Confidence Index for May. In the United States, the Bureau of Energy Information Administration (EIA) will provide the weekly oil inventory report, and the Federal Open Market Committee (FOMC) will release the minutes of its May 2-3 meeting, offering insights into monetary policy discussions.

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