Best photos of August 13: Limp Bizkit fans in Abu Dhabi to fisherman taking shelter in Xiamen
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.
- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico
- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000
- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950
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The National
2 hours ago
- The National
Oil prices fall more than 1% amid Trump-Putin summit in Alaska
Oil prices fell by more than 1 per cent to end the week lower as leaders of the US and Russia held a meeting in Alaska to end the Ukraine war that has shaken oil markets for more than three years with supply concerns. Brent, the benchmark for two thirds of the world's oil, settled 1.48 per cent lower at $65.85 a barrel, while West Texas Intermediate – the gauge that tracks US crude – was down 1.81 per cent at $62.8 a barrel. For the week, Brent dropped 1.1 per cent, while WTI eased 1.7 per cent. Russian President Vladimir Putin and US President Donald Trump met in Alaska on Friday to hold discussions to end Ukraine war that has killed hundreds of thousands of people and disrupted global financial and commodity markets. However, the summit ended without a ceasefire deal but Mr Trump described his meeting with his Russian counterpart as 'productive', adding that they 'really made some great progress' on ending the war. 'There were many, many points that we agreed on, most of them, I would say, a couple of big ones that we haven't quite got there, but we've made some headway,' Mr Trump told reporters. 'I've always had a fantastic relationship with President Putin, with Vladimir.' Mr Trump offered no further details of their discussions in an interview with Fox News after the meeting, but raised the possibility of another summit that included Ukrainian President Volodymyr Zelensk yy. "While there was no ceasefire, US President Trump made also clear that he doesn't plan to penalise the largest buyer of Russian oil, China," Giovanni Staunovo, a strategist at Swiss bank UBS told The National. "I guess market participants will today track comments from European leaders, but for now Russian supply disruption risks will remain contained." Oil markets were heavily affected after war broke out between Russia and Ukraine more than three years ago. Oil prices surged to $140 a barrel in March 2022, following Russia's invasion of Ukraine and the subsequent sanctions by the US and the UK on the import of crude from Moscow. However, prices fell in the subsequent months, amid a number of factors impacting markets, including concerns of a global economic slowdown, high inflation and a China slowdown. A ceasefire deal between Ukraine and Russia could have a bearish effect on oil markets as more Russian oil could flow into global markets if sanctions are eased on Moscow. However, if the peace agreement is not reached between the two countries, it will support oil prices by limiting Russian supply. 'US crude recently breached the $65 support and is consolidating in a medium-term bearish zone, where ample supply and cloudy demand argue for further downside – though a softer dollar is cushioning the slide,' said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. Supply forecast for 2025 The International Energy Agency this week raised its forecast for oil supply growth this year following a decision by the Opec producer group to hike production and lowered its demand forecast due to lacklustre demand across the major economies. The IEA expects world oil supply to rise by about 370,000 barrels a day to 2.5 million barrels a day in 2025 and by 620,000 bpd to 1.9 million bpd in 2026, after the eight Opec members this month decided to raise production by another 547,000 bpd in September, fully unwinding the 2.2 million bpd cuts agreed to in November 2023. World oil demand will rise by 680,000 bpd this year, down from 700,000 bpd previously forecast, the Paris-based agency said. 'The latest data show lacklustre demand across the major economies and, with consumer confidence still depressed, a sharp rebound appears remote,' the Paris-based agency said. Consumption in emerging and developing economies has been weaker than expected, with China, Brazil, Egypt and India all revised down compared with last month's IEA report.
Khaleej Times
6 hours ago
- Khaleej Times
'No deal': Trump-Putin summit yield no breakthrough on Ukraine
A highly anticipated summit between US President Donald Trump and Russian President Vladimir Putin on Friday yielded no agreement to resolve or pause Moscow's war in Ukraine, though both leaders described the talks as productive. During a brief appearance before the media following the nearly three-hour meeting in Alaska, the two leaders said they had made progress on unspecified issues. But they offered no details and took no questions, with the normally loquacious Trump ignoring shouted questions from reporters. "We've made some headway," Trump said, standing in front of a backdrop that read, "Pursuing Peace." "There's no deal until there's a deal," he added. The talks did not initially appear to have produced meaningful steps toward a ceasefire in the deadliest conflict in Europe in 80 years, a goal Trump had set ahead of the summit. Stay up to date with the latest news. Follow KT on WhatsApp Channels. But simply sitting down face-to-face with the US president represented a victory for Putin, who had been ostracized by Western leaders since Russia's full-scale invasion of Ukraine in 2022. Following the summit, Trump told Fox News' Sean Hannity that he would hold off on imposing tariffs on China for buying Russian oil after making progress with Putin. He has targeted India, another major buyer of Russian crude, with an additional 25% tariff on U.S. imports. "Because of what happened today, I think I don't have to think about that now," Trump said of Chinese tariffs. "I may have to think about it in two weeks or three weeks or something, but we don't have to think about that right now." Trump has also threatened sanctions on Moscow but has thus far not followed through, even after Putin ignored a Trump-imposed ceasefire deadline earlier this month. In the Fox News interview, Trump also suggested a meeting would now be set up between Putin and Ukrainian President Volodymyr Zelenskiy, which he might also attend. He gave no further details on who was organizing the meeting or when it might be. Putin made no mention of meeting Zelenskiy when speaking to reporters earlier. He said he expected Ukraine and its European allies to accept the results of the U.S.-Russia negotiation constructively and not try to "disrupt the emerging progress." He also repeated Moscow's long-held position that what Russia claims to be the "root causes" of the conflict must be eliminated to reach a long-term peace, a sign he remains resistant to a ceasefire. There was no immediate reaction from Kyiv to the summit, the first meeting between Putin and a U.S. president since the war began. When asked by Hannity what he would advise Zelenskiy, Trump said, "Gotta make a deal." "Look, Russia is a very big power, and they're not," Trump added. The war has killed or injured well over a million people from both sides, including thousands of mostly Ukrainian civilians, according to analysts. Rolling out the red carpet Zelenskiy has ruled out formally handing Moscow any territory and is also seeking a security guarantee backed by the United States. Trump said he would call Zelenskiy and NATO leaders to update them on the Alaska talks. As the two leaders were talking, the war raged on, with most eastern Ukrainian regions under air raid alerts. Governors of Russia's Rostov and Bryansk regions reported that some of their territories were under Ukrainian drone attacks. Ukraine's opposition lawmaker Oleksiy Honcharenko said on the Telegram messaging app, "It seems Putin has bought himself more time. No ceasefire or de-escalation has been agreed upon." The anticlimactic end to the closely watched summit was in stark contrast to the pomp and circumstance with which it began. When Putin arrived at an Air Force base in Alaska, a red carpet awaited him, where Trump greeted Putin warmly as U.S. military aircraft flew overhead. Putin is wanted by the International Criminal Court, accused of the war crime of deporting hundreds of children from Ukraine. Russia denies the allegations, and the Kremlin has dismissed the ICC warrant as null and void. Russia and the United States are not members of the court. The day before the summit, Putin held out the prospect of something Trump wants - a new nuclear arms control agreement to replace the last surviving one, which is due to expire in February. It was unclear if the issue was discussed on Friday. 'Counting on America' Zelenskiy, who was not invited to Alaska, and his European allies had feared Trump might sell out Ukraine by essentially freezing the conflict and recognizing - if only informally - Russian control over one-fifth of Ukraine. Trump had sought to assuage such concerns on Friday ahead of the talks, saying he would let Ukraine decide on any possible territorial concessions. "I'm not here to negotiate for Ukraine, I'm here to get them at a table," he said. Asked what would make the meeting a success, he told reporters: "I want to see a ceasefire rapidly ... I'm not going to be happy if it's not today ... I want the killing to stop." The meeting also included U.S. Secretary of State Marco Rubio; Trump's special envoy to Russia, Steve Witkoff; Russian foreign policy aide Yury Ushakov; and Foreign Minister Sergei Lavrov. Trump, who said during his presidential campaign that he would end the Ukraine war within 24 hours, conceded on Thursday it had proven a tougher task than he had expected. He had said if Friday's talks went well, quickly arranging a second, three-way summit with Zelenskiy would be more important than his encounter with Putin. Trump ended his remarks on Friday by telling Putin, "I'd like to thank you very much, and we'll speak to you very soon and probably see you again very soon." "Next time in Moscow," Putin responded. Trump said he might "get a little heat on that one" but that he could "possibly see it happening." Zelenskiy said ahead of Friday's summit that the meeting should open the way for a "just peace" and three-way talks that included him, but added that Russia was continuing to wage war. "It's time to end the war, and the necessary steps must be taken by Russia. We are counting on America," Zelenskiy wrote on Telegram.
Dubai Eye
6 hours ago
- Dubai Eye
Trump says it will be up to Ukraine to decide on territorial swaps
US President Donald Trump said he would not negotiate on behalf of Ukraine in his Friday meeting with Russian President Vladimir Putin and would let Kyiv decide whether to engage in territorial swaps with Russia. Trump said his goal was to get the two sides to start a negotiation, with any territorial swaps to be addressed then. "They'll be discussed, but I've got to let Ukraine make that decision, and I think they'll make a proper decision. But I'm not here to negotiate for Ukraine, I'm here to get them at a table," Trump told reporters aboard Air Force One. Trump's remarks are likely to offer some assurance to Ukraine, which is worried that the US-Russia talks could freeze the conflict at Ukraine's expense. Trump said the Russian offensive in Ukraine was likely aimed at helping to strengthen Putin's hand in any negotiations to end the war. "I think they're trying to negotiate. He's trying to set a stage. In his mind that helps him make a better deal. It actually hurts him, but in his mind that helps him make a better deal if they can continue the killing," he said. The US president said he expected his meeting with Putin to produce results, given the stakes involved and weakness in the Russian economy. "He's a smart guy, been doing it for a long time but so have I... we get along, there's a good respect level on both sides, and I think, you know, something's going to come of it," he said. Trump said it was a good sign that Putin was bringing business executives with him from Russia, but said no deals could be made until the war was settled. "I like that 'cause they want to do business, but they're not doing business until we get the war settled," he said.
