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CNNW CNN July 6, 2024

this is cnn breaking news. i m max foster joining you live from london. bianca is off for the day. we ve got breaking news to bring you at this hour. it is that essentially the second largest bank failure in american history has been announced. first republic taken over by the authorities late last night. and they have sold a large proportion of the assets to jpmorgan chase. thos those assets we re being told is just announced by the federal deposit insurance agency. that s the agency that ensures deposts for customers. this is the third bank to fail in two months. there s a relief other banks haven t failed. as you can see, the medium-size banks are struggling in the united states. there s concern that contagion may spread to other parts of the world. but so far, the authorities seem to be handling each one on a case-by-case basis. as i was aing, j.p. morningen will take over the assets, the deposits held with the bank. customer deposits are safe for now. authorities ....

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Unqualified health practitioners arrested in Riyadh

The Saudi Ministry of Health announced the arrest of a number of unqualified health practitioners in Riyadh after detection of their violations ....

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Saudi Arabia strongly condemns Israeli confiscation of 8,000 dunums of Palestinian land

Saudi Arabia strongly condemned the Israeli confiscation of 8,000 dunums of land in the Jordan Valley in the occupied Palestinian territories, the Saudi Press Agency reported. ....

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HMS Hail Arrives at King Faisal Naval Base in Jeddah

The Royal Saudi Navy (RSN) received on Tuesday the HMS Hail at King Faisal Naval Base in Jeddah. The ship arrived from the manufacturing site in Spain. A formal ceremony was held to mark the arrival of HMS Hail. The event was attended by Commander of the Naval Forces Lieutenant General Fahad bin Abdullah Al-Ghofaily who boarded the vessel upon arrival, and toured its various sections. He received a detailed briefing on the ship's advanced equipment and technologies, after which he signed the ship's logbook. ....

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Saudi Flag: Centuries-Long Emblem of National Unity

Saudi Flag Day, which is observed on March 11 as decreed by King Salman bin Abdulaziz, commemorates the adoption of the Saudi flag, finalized in 1937 by King Abdulaziz’s endorsement of the Shura Council’s decision. For over three centuries, the green flag has symbolized Saudi national identity, resonating with meanings and uniqueness for Saudis. Asharq Al-Awsat seized the opportunity to interview researcher Adnan bin Saleh Al-Turaif, who has extensively studied Saudi Arabia’s history and cultural legacy across its three stages. ....

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