Ipo Market Parties Like It’s 1999 - The Wall Street Journal

(CAPE CANAVERAL, Fla.) — An unusually strong solar storm headed toward Earth could produce northern lights in the U. S. this weekend and potentially disrupt power and communications. The National Oceanic and Atmospheric Administration issued a rare geomagnetic storm watch — the first in nearly 20 years. That was expected to become a warning Friday night, when the effects of the solar outburst were due to reach Earth. [time-brightcove not-tgx=”true”] NOAA already has alerted operators of power plants and spacecraft in orbit to take precautions. “As far as the worst situation expected here at Earth, that’s tough to say and I wouldn’t want to speculate on that,” said NOAA space weather forecaster Shawn Dahl.

(UNITED NATIONS) — The U. N. General Assembly voted by a wide margin on Friday to grant new “rights and privileges” to Palestine and called on the Security Council to favorably reconsider its request to become the 194th member of the United Nations. [time-brightcove not-tgx=”true”] The 193-member world body approved the Arab and Palestinian-sponsored resolution by a vote of 143-9 with 25 abstentions. The United States vetoed a widely backed council resolution on April 18 that would have paved the way for full United Nations membership for Palestine, a goal the Palestinians have long sought and Israel has worked to prevent. U.

A working paper from an independent body that gives economic advice to the Indian government has published controversial findings that critics say could sow communal discord between Hindus and Muslims during the ongoing parliamentary elections. The paper, titled “Share of religious minorities: A cross-country analysis,” was published on May 7 by the Economic Advisory Council to the Prime Minister (EAC-PM).

Late last year, over 50 African leaders gathered in Riyadh for the first ever Saudi-Africa summit. Convened by Crown Prince Mohammed bin Salman, it brought together a mélange of democrats and dictators, reformers and kleptocrats, young go-getters and long-ruling dinosaurs. Their objective? To wangle a slice of the $40 billion Saudi Arabia plans to invest in Africa. [time-brightcove not-tgx=”true”] For the African leaders in attendance, the summit was a golden opportunity to obtain generous aid and inexpensive loans from one of the world’s richest countries.

Thailand’s move to reclassify cannabis as a narcotic threatens to trigger street protests and class-action suits by owners of thousands of dispensaries which sprung across the country in the wake of decriminalization two years ago. A complete re-criminalization ordered by Prime Minister Srettha Thavisin on Wednesday will also push the cannabis trade underground, said Rattapon Sanrak, owner of Bangkok-based dispensary Highland Cafe.

Mexico is fighting 159 active wildfires across the country amid the year’s second heat wave that has also put the nation’s power grid under stress. Mexico’s national weather service issued an alert that at least 12 states would experience temperatures higher than 45°C (113°F), with large swathes of the rest of the country expected to see temperatures higher than 30°C. [time-brightcove not-tgx=”true”] The heat wave has increased demand for power, prompting the country’s grid operator to declare the system in a state of emergency on Thursday evening for the second time this week.