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Rixos Hotels Bets on Gulf Boom With $3 Billion Qatar Project

Rixos Hotels Bets on Gulf Boom With $3 Billion Qatar Project

Bloomberg4 days ago

The Turkish owner of the Rixos Hotels is expanding beyond Europe and Central Asia to bet big on the Gulf with a $3 billion investment in Qatar's capital.
The firm will build hotels, an amusement park as well as some residential and retail properties on beach-front land north of Doha, Chairman Fettah Tamince said in an interview. They will be part of Qatar's mammoth Simaisma tourism development and the investments will be made over the next three to four years.

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Russia and Ukraine may meet again for peace talks. But neither side gives reason for optimism
Russia and Ukraine may meet again for peace talks. But neither side gives reason for optimism

CNN

time3 hours ago

  • CNN

Russia and Ukraine may meet again for peace talks. But neither side gives reason for optimism

Since last sitting down with Ukraine to talk peace, Russia has launched four of its five largest drone attacks against the country, killed more than 340 of its civilians and continued to peddle its false narrative about the unprovoked war it has been waging for more than a decade. Now, Moscow wants to talk. Again. Russian Foreign Minister Sergey Lavrov said the next round of talks between Russia and Ukraine would take place in Turkey on Monday. On Sunday, Kyiv confirmed that it would be sending a delegation to the meeting, as Russian state media reported that a Russian delegation was flying to Istanbul for the talks. Kyiv says that Russia and Ukraine agreed to exchange their requirements for a ceasefire during their previous meeting in Istanbul last month. But while Kyiv said it presented its plan last week, Russia has not. The Kremlin has so far ignored the call by Ukraine to present the plan. In a post on Telegram on Wednesday, Lavrov said the Russian delegation would present its memorandum to Ukraine at the meeting on June 2. Ukraine's President Volodymyr Zelensky said that the Kremlin's failure to hand over its plan was 'another Russian deception' and accused Moscow of not wanting to end the war. 'For a meeting to be meaningful, its agenda must be clear, and the negotiations must be properly prepared,' Zelensky wrote on X on Friday, after hosting Turkey's foreign minister for talks in Kyiv. Zelensky said he'd also discussed the potential second round of peace talks with Turkey's President Recep Tayyip Erdogan on Friday, writing on Telegram: 'We discussed a possible next meeting in Istanbul and under what conditions Ukraine is ready to take part in it. We share the view that this meeting cannot and should not be empty.' In a post on X on Sunday, the Ukrainian leader said that he had requested 'preparation of the (Istanbul) meeting at the highest level' in order to 'establish a reliable and lasting peace and ensure security.' Zelensky added that Ukrainian Defense Minister Rustem Umerov would lead the delegation again. But even though Russian and Ukrainian officials have agreed to meet on Monday, their summit is unlikely to yield any immediate results. Statements made by Russian officials in recent days make it clear that Moscow is sticking to its maximalist demands. Speaking after a phone call with US President Donald Trump on May 19, Russian President Vladimir Putin reiterated his demand that the 'root causes' of the conflict must be eliminated. The 'root causes' include long-held Russian grievances that include the existence of Ukraine as a sovereign state, and NATO's eastward expansion since the end of the Cold War. Kyiv has dismissed these demands, as accepting them would effectively amount to capitulation. The talks on Monday may be designed mostly to appease Trump, who has repeatedly told both Ukraine and Russia that there will be consequences if they don't engage in his peace process. Trump has been pressuring Kyiv to talk to Moscow, threatening to walk away from the talks and cut US aid if he concludes that Ukraine isn't cooperating. And while he has threatened 'massive sanctions' against Russia if it doesn't agree with his 30-day ceasefire proposal, he has also voiced concern that potential new sanctions on Russia could jeopardize a deal. On Friday, a bipartisan pair of US senators met with Zelensky in Kyiv. Republican Sen. Lindsey Graham of South Carolina and Democratic Sen. Richard Blumenthal of Connecticut are co-sponsoring a bill to impose more sanctions on Russia – including a 500% tariff on goods imported from countries that buy Russian oil, gas, uranium and other products. It must pass both chambers of Congress and be approved by Trump to become law. Asked by reporters on Friday if he would support the bill, Trump responded: 'I don't know, I'll have to see it. I'll take a look at it.' Putin has not explicitly rejected the ceasefire proposals, choosing instead to delay and distract. Russia's insistence on having the talks and presenting its ceasefire proposal only once the two sides meet is just the latest example of this tactic. Putin initially proposed the first round of the talks in response to the ceasefire-or-sanctions ultimatum given to Moscow by Ukraine's European allies. The Russian president ignored the ultimatum, proposing instead 'direct talks' between Moscow and Kyiv. This prompted Trump, who initially backed the ultimatum, to change his tune and call on Zelensky to 'take the meeting.' Moscow's conduct since the talks last month suggests no desire to end the war with a ceasefire. Russian forces have intensified airborne attacks against Ukraine in recent weeks, are stepping up ground attacks in many areas along the front line, and Moscow is building up its forces elsewhere. At the same time, Putin ordered one of the largest expansions of the Russian military in recent years. Meanwhile, over the weekend, Ukraine carried out its most ambitious simultaneous strikes on Russian airbases since the war began, using drones to destroy multiple Russian combat planes on Sunday, according to a source in the Ukrainian Security Service (SBU). The Russian Ministry of Defense confirmed Ukraine had targeted Russian airfields across five regions, calling the drone strikes 'terrorist attacks.' The day before, two bridges in western regions of Russia collapsed, killing at least seven people and injuring dozens. It was not clear on Sunday morning whether the two incidents — which both involved trains — in neighboring Bryansk and Kursk were related, or what exactly caused the separate collapses. Investigators from Russia's Investigative Committee were working at the scenes to establish the circumstances of what happened. Expectations were running high ahead of the talks last month, the first direct meeting between Ukraine and Russia since the early days of the full-scale war. This was mostly because of speculation that Putin himself might show up, after being challenged to travel to Turkey by Zelensky. When the Russian leader sent a low-level delegation in his place, it became clear no breakthrough was in sight. Although the two sides agreed to hold the largest ever prisoner exchange during the meeting, there was no sign of a ceasefire agreement being any closer. As for the latest meeting, while it's obvious that neither Moscow nor Kyiv are particularly keen on talking to each other, and have little expectation of actual progress, they are likely to play along just to keep Trump interested. CNN's Catherine Nicholls, Jessie Yeung, Svitlana Vlasova and Billy Stockwell contributed to this report.

Aston Martin Valkyrie Gets Washed For The First Time
Aston Martin Valkyrie Gets Washed For The First Time

Yahoo

time5 hours ago

  • Yahoo

Aston Martin Valkyrie Gets Washed For The First Time

Read the full story on Backfire News The Aston Martin Valkyrie is about as close to a street-legal racecar as you can get these days. In fact, the consumer version is more powerful than what's used in IMSA and FIA WEC racing. Not only is it a crazy hypercar, it's crazy expensive and complicated. As you're about to learn, just detailing the thing is quite the for a well-seasoned professional detailer who's worked on some rather pricey rides, like Larry Kosilla of AMMO NYC, the Valkyrie presents some real challenges. First, getting into the tight cabin isn't easy. He's also on edge because Aston Martin gave him a tutorial of the hypercar, warning him about what buttons to not press or to only press at certain times/in certain ways. Not following those complex directions could result in a $200,000 repair or something crazy like that. Also, just like a racecar, starting the Valkyrie isn't as simple as putting your foot on the brake pedal and pressing the ignition button. It's a multi-step process that's hardly intuitive. Considering the Valkyrie costs about $4.5 million, we can understand why the guy's nerves were a little raw just backing it out of the trailer to take delivery. The Valkyrie AMMO NYC was hired to detail is a beautiful gray with Gulf livery. While we love the hypercar in black, it does look great in that spec. Washing the hypercar comes with some unusual challenges. While Kosilla is always meticulous and careful, in addition he struggles to clean the undercarriage. The Valkyrie requires special lifts to get underneath it, but he does climb into the air passages to scrub them, a claustrophobic endeavor for sure. Like he's done on other exotics, Kosilla also does paint correction. One would think for such an expensive vehicle the paint would be perfect, but it's not and Kosila believes he knows why. Of course, you probably won't see too many Aston Martin Valkyries in your area getting detailed or even just driving around. Production globally has been capped at 275 units, so these are quite rare. Watch the detailing video here. Images via AMMO NYC/YouTube

Microsoft Issues New Emergency Update For Windows Users
Microsoft Issues New Emergency Update For Windows Users

Forbes

time7 hours ago

  • Forbes

Microsoft Issues New Emergency Update For Windows Users

Emergency update now available. Anadolu Agency Following on from Microsoft's warning that its most recent security update was failing for some users and breaking Windows, the company has just released an emergency out-of-band update. This is the second such fix within the last two weeks. Microsoft had already confirmed it was 'investigating reports of the May 13, 2025 Windows security update (KB5058405) failing to install on some Windows 11, version 22H2 and 23H2 devices.' Affected users will be warned 'your PC/Device needs to be repaired,' and that 'the operating system couldn't be loaded because a required file is missing or contains errors.' You will see error code 0xc0000098. Microsoft has released the out-of-band (OOB) update KB5062170, which it says is available through its Update Catalog. The update resolves the driver issue, which is the critical Advanced Configuration and Power Interface driver 'that enables Windows to manage hardware resources and power states.' Users are warned 'there are also reports of this same error occurring with a different file name.' This has impacted some physical setups, but primarily hits virtual environments 'including Azure Virtual Machines, ​Azure Virtual Desktop [and] on-premises virtual machines hosted on Citrix or Hyper-V.' That means enterprise rather than home users. This issue and fix impacts Windows 11 users, which balances out the other emergency update following May's security fixes which only hit Windows 10 users. That was more widespread, resulting in a BitLocker Recovery screen. 'Windows 10 might repeatedly display the BitLocker recovery screen at startup,' the company warned, as it confirmed that other out-of-band update was being made available. Microsoft also advises 'this [new] out-of-band update contains all of the improvements and fixes included in the May 2025 Windows non-security preview update, in addition to this issue's resolution. Since this is a cumulative update, you do not need to apply any previous update before installing KB5062170, as it supersedes all previous updates for affected versions.' Once installed, you will need to restart your device.

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