Int’l news worth noting
International stories worth noting in brief this morning include:
- Saudi Arabia looks set to raise petrol prices by as much as 80% by November at the latest, Bloomberg reports. Goodbye, gravy train.
- KSA is also reportedly seeking bids for a 1,600 km rail line linking its Red Sea coast to its Eastern shores.
- It’s not a good day to be Qatar, as Bahrain rejected yesterday Qatari investors’ offers on its largest-ever bond sale, unnamed sources tell Bloomberg. This comes as Bahrain accuses Qatar of seizing some of its vessels off its coat.
- Adding insult to injury Snapchat’s decision yesterday to remove Al Jazeera’s channel from its app in Saudi Arabia, The Financial Times reports.
- Good luck getting ahold of lawyers and nominated directors in the Caribbean in the next couple of days: Yet another hurricane is moving into the area, this one now rated as category five.
- John Chambers will be stepping down from his role as chairman of US tech giant Cisco once his term runs out in December, the Financial Times says.
Oh, and yesterday’s Emmy telecast was flat this year — on par with last year’s “new low” as it competed with American football for eyeballs, the Wall Street Journal reports. You can catch the New York Times’ excellent recap of the “best and worst moments” awards here.