Will Saudi Aramco’s IPO succeed?

What does it mean when Iran says it will begin injecting gas into centrifuges?

It means that they're taking one further step, the most significant so far, to break their own commitment to the Iranian nuclear deal. Keep in mind, the Americans pulled out well over a year ago. And with new sanctions, the Iranian economy is contracted this year by almost 10 percent. So, they're pretty angry about it, and they're lashing out. That's where we are.


Will Saudi Aramco's IPO succeed?

It probably will, because they're actually taking their target price from two trillion, which the markets never believed. That's the high end of the Goldman Sachs estimate. Other banks said: "No way. Closer to 1.2 (trillion), 1.4 (trillion), 1.5 (trillion)." They're showing flexibility and they're going to give benefits to the Saudis that buy shares if they hold them for six months, some 10 percent bonus, something like that. On balance, you think it will succeed, but whether that means that Saudi Arabia will actually start diversifying their economy away from energy, that is a much higher bar.

What happens to the Paris climate accord now that the U.S. has formally withdrawn?

Nothing. Everyone else is still with it. In fact, additional countries have joined since the Americans said they'd pull out. Let's keep in mind that even though they're formally saying they're withdrawing, they aren't withdrawn until the day after Election Day in a year's time. Which means if Trump loses, when the next president comes in, almost certainly will re-sign the Americans into the Paris climate accord. If he wins again, the Americans are out. But hundreds of mayors, 25 governors at this point, and also CEOs in the United States say they're still committed. So, on balance, it is less of a fall apart than you would have otherwise expected.

On the latest episode of Bank of America's That Made All the Difference podcast, Ken Burns explores the opportunity to come out of this moment as better versions of ourselves — and reveals whether a film about this year is in the cards.

Listen to the new episode here.

The twin explosions at Beirut's port on Tuesday were so powerful that the aftershocks reverberated as far as the Eastern Mediterranean island of Cyprus, 150 miles away. The specter of fire and smoke was such that many suggested on social media that Beirut had experienced a nuclear blast.

In the days ahead, more details will come to light about why a deadly cache of materials was haphazardly stashed at a port warehouse, and why Lebanon's government failed to secure the site. So, what comes next for crisis-ridden Lebanon?

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Former Spanish King Juan Carlos I's decision to leave the country after being investigated for corruption has reignited the debate over the future of the monarchy in Spain. Opinions are divided between mostly older Spaniards who defend the institution's role as a symbol of national unity, and the younger generations and nationalist regions who want Spain to become a republic. More than three quarters of the world's countries are now republics, but 44 still have a king or queen as their head of state — among them the 16 Commonwealth countries officially ruled by British Queen Elizabeth II and 5 countries where the sovereign is all-powerful. We take a look at which countries remain monarchies today, and those that sent their royals packing in the post-World War II waves of decolonization and republicanism.

Modi riles up his base: Indian Prime Minister Narendra Modi on Wednesday set the first stone for a new Hindu temple to be built over the remains of a Mughal-era mosque in Uttar Pradesh state. The site, in the town of Ayodhya, has been disputed for decades by Hindus and Muslims, but the Supreme Court last November ruled, based on archeological findings, that construction of the temple could begin. The ruling dismayed many of India's 180 million Muslims, who worry that Modi — who was accompanied at the ceremony by Mohan Bhagwat, an ultranationalist Hindu activist whose followers helped to destroy the old mosque amid a wave of sectarian violence in 1992 — wants to replace India's secular foundations with his more explicitly Hindu vision of the country's identity. Although months ago Modi saw sizable protests over a controversial new citizenship law that discriminated against Muslims, he has so far proven to be extremely resilient and remains widely popular in India.

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280 million: Democratic candidate Joe Biden plans to spend $280 million on campaign ads in his battle against US President Donald Trump. Although Trump trails the former vice president by 7 points in an average of national polls, the incumbent has set aside less than half that amount for ads of his own.

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