World this week


Thursday, November 30th, 2017


 

Time Inc to be sold for $2.8b

Time Inc. is selling for $2.8 billion to media conglomerate Meredith Corporation, which is backed by the billionaire Koch brothers, who are known for supporting conservative causes. Time, which also publishes its eponymous magazine, Fortune, and Sports Illustrated, began looking for a buyer late last year before giving up several months later, while welcoming options. Meredith had expressed interest in buying Time earlier this year then walked away because it could not secure the necessary financing. Time revealed in October an aggressive plan to boost revenue that included focusing less on magazine journalism and more on digital activities.

 

Prince Harry to marry US actress Meghan Markle

Britain’s Prince Harry is to marry his US actress girlfriend Meghan Markle early next year, as announced on November 27, with the Queen leading a chorus of approval and best wishes for the couple who got engaged in secret earlier this month. Royal officials ended fevered speculation about the 33-year-old prince, once the bad boy of the House of Windsor but now seen as one of its biggest assets. “His Royal Highness The Prince of Wales is delighted to announce the engagement of Prince Harry to Ms Meghan Markle. The wedding will take place in Spring 2018,” Clarence House, Prince Charles’s office, said a statement.

 

Thousands flee as Bali on red alert

Indonesia closed the airport on the tourist island of Bali on November 27 and ordered 100,000 residents living near a grumbling volcano spewing columns of ash to evacuate immediately, warning that the first major eruption in 54 years could be “imminent”. The airport was closed for 24 hours from Nov 27 morning, disrupting 445 flights and some 59,000 passengers, after Mount Agung, which killed hundreds of people in 1963, sent volcanic ash high into the sky, and officials said cancellations could be extended.

Egypt mosque attack kills 235

Armed attackers on November 24 killed at least 235 worshippers in a bomb and gun assault on a packed mosque in Egypt’s restive North Sinai province, state media reported, the country’s deadliest attack in recent memory. A bomb explosion ripped through the Rawda mosque frequented by Sufis roughly 40 kilometres west of the North Sinai capital of El-Arish before gunmen opened fire on those gathered for weekly Friday prayers, officials said. Witnesses said the assailants had surrounded the mosque with all-terrain vehicles then planted a bomb outside.

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