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DUBAI, United Arab Emirates (AP) — Saudi Arabia ’s low-cost carrier Flynas sold within minutes of opening all of the $1.1 billion in shares from its initial public offering on the Riyadh stock exchange on Monday.The carrier, backed by billionaire Alwaleed bin Talal, is offering 51.2 million shares at around $20 to over $21 apiece, representing about 30% of the company’s share capital. Flynas, which describes itself as the kingdom’s only independent airline, hopes to build out its fleet and expand its four bases, according to a statement from the company. The move to go public comes despite worldwide market…

CHICAGO (AP) — Recruiting women into construction has for years been a painstaking but broadly popular effort, with growing bipartisan and industry support amid persistent labor shortages. But President Donald Trump’s aim to stamp out diversity and inclusion programs threaten to cripple community-based organizations that have been critical to that goal.The Trump administration has moved swiftly to cut off federal funding to dozens of community groups that implement programs on the ground, including apprenticeship readiness programs designed for women, anti-harassment training, and child care and transportation support for workers who need them. The overhaul stems from a pair of anti-DEI…

Joey LynchCloseJoey Lynch is a Melbourne-based sports journalist and AYA cancer advocate. Primarily working on football, he has covered the Socceroos, Matildas and A-Leagues for ESPN for over a decade.May 12, 2025, 01:50 AM ETMelbourne City entered the second leg of their A-League Women semifinal on Sunday unbeaten all season, eyeing off a spot in this week’s Grand Final and the chance to win the second trophy of what they hoped would become a historic treble.But then everything that could go wrong did go wrong, capped off by an offside 121st-minute winner from Isabel Gomez that secured the Central Coast…

May 12, 2025, 01:28 AM ETIt’s Monday, and another week of NWSL action is in the books, which means it’s time for ESPN’s Power Rankings.Who’s climbing the table? Who’s in free fall? Our writers studied the action from across Matchday 8 to come up with this week’s order of all 14 teams in the league. Let’s dive in.Previous ranking: 3Next match: Friday, May 16 vs. Orlando Pride, 8 p.m. ETHow do you bounce back from a couple of disappointing weeks? The Current were up 3-0 on Bay FC in the 38th minute on the way to a 4-1 victory at…

Editor’s note: A version of this story appeared in CNN’s Wonder Theory science newsletter. To get it in your inbox, sign up for free here. CNN  —  Sometimes, a great find is hiding right beneath one’s nose in the humblest of places: on paper. Indecipherable documents can languish in storage for years. Case in point: a treasure trove of lost letters written by Mary, Queen of Scots, that got a closer look in 2023. After retrieving the letters from a box of unmarked documents, three researchers were able to decode the letters to uncover more about the queen’s secrets. Now,…

Hong Kong CNN  —  The United States and China agreed Monday to drastically roll back tariffs on each other’s goods for an initial 90-day period, in a surprise breakthrough that has de-escalated a punishing trade war and buoyed global markets. The announcement, which was made in a joint statement, comes after a weekend of marathon trade negotiations in Geneva, Switzerland by officials from the world’s two largest economies, during which both sides touted “substantial progress.” Both sides recognize “the importance of a sustainable, long-term, and mutually beneficial economic and trade relationship,” they said in the statement. Global investors are cheering…

CNN  —  The Kurdistan Workers Party (PKK) said on Monday it would dissolve itself, according to media close to the militant separatist group, in what would be a historic move after decades of conflict with Turkey that have killed tens of thousands of people. “The 12th Congress of the PKK decided to dissolve the organizational structure of the PKK and to end the armed struggle method,” the group said in a statement, according to the pro-Kurdish news outlet Firat News Agency. It added that the “practical process” of dissolution would be managed by their imprisoned leader, Abdullah Ocalan, and that…

Recent aerial skirmishes over Kashmir saw India lose multiple combat aircraft, including prized French-made Rafale fighters, a Russian-made Su-30 MKI and MiG-29, and an unmanned aerial vehicle (UAV)—an outcome that, if true, would challenge assumptions about India’s airpower superiority over Pakistan.The skirmishes may also have showcased the effectiveness of China’s fighter and missile technology over its Western and Russian counterparts, though the human element on each side obviously played a role in the outcomes. At the tactical level, Pakistan’s edge in missile and fighter aircraft may have been its decisive factor over India. Chief among these was the Chinese-made PL-15E beyond…

New Delhi CNN  —  Victory has a thousand fathers, as they say, but defeat is an orphan. And so it goes after the brief but bruising conflict between nuclear rivals India and Pakistan with both sides loudly talking up their successes while quietly down-playing losses. On India’s frantic television news channels, minutes after a US-brokered ceasefire came into force, the headline “Pakistan Surrenders” was splashed across the screens. India’s military action against Pakistan, sparked by the killing of tourists in India-administered Kashmir last month, sent a bold message to terrorists, India’s defense minister, Rajnath Singh, said later. Meanwhile, in Pakistan,…

CNN  —  For a fortnight every May, Cannes hosts more stars than there are in heaven (or the old MGM backlot). This year the French film festival will be even glitzier than usual as a who’s-who of Hollywood talent descends on the Côte d’Azur to rub shoulders with the great and good of the international film community. All signs point to a stellar year for Cannes, riding high off a strong showing at the Academy Awards, with filmmakers queuing up to hit the red carpet and risk the barbs of sleep-deprived critics. The US contingent at the festival, which begins…