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04 August 2022; MEMO: Saudi Arabia's envoy to the United Nations, Ambassador Dr. Abdulaziz bin Mohamed Al-Wasel, has warned of the repercussions of "Iran's nuclear practices" and Israel's non-accession to the Treaty on the Prohibition of Nuclear Weapons.

"The danger of nuclear weapons spread threatens the Middle East and the world," he said, stressing on the need to "confront nuclear proliferation in the Middle East".

UNITED NATIONS, Aug 03 (APP): United Nations Secretary-General Antonio Guterres urged governments on Wednesday to tax huge oil and gas profits to support the most vulnerable people, as the world grapples with energy, food and finance crises, resulting in part by the war in Ukraine.

“It is immoral for oil and gas companies to be making record profits from this energy crisis on the backs of the poorest people and communities,” Guterres told a press conference at UN Headquarters in New York.

UNITED NATIONS, Aug 2 (Reuters) - The conflict in Ukraine does not warrant Russia's use of nuclear weapons, but Moscow could decide to use its nuclear arsenal in response to "direct aggression" by NATO countries over the invasion, Russia said on Tuesday at the United Nations.

At a nuclear nonproliferation conference, Russian diplomat Alexander Trofimov rejected "utterly unfounded, detached from reality and unacceptable speculations that Russia allegedly threatens to use nuclear weapons, particularly in Ukraine."

NEW YORK (AP) — Michigan Republican Rep. Peter Meijer was trailing a primary challenger backed by former President Donald Trump as he and two other Republican U.S. House members who voted to impeach Trump fought to hang onto their seats.

NEW YORK (AP) — Wall Street is moving higher before the opening bell on Wednesday ahead of more corporate earnings and new jobs data.

Futures for the Dow Jones industrials rose 0.4%, as did futures for the S&P 500. Oil prices ticked up ahead of Wednesday’s OPEC+ meeting. Global markets were mixed.

NEW YORK, August 2. /TASS/: The United States sees no reasons for the escalation of tension with China in light of US House of Representatives Speaker Nancy Pelosi to Taiwan, National Security Council Strategic Coordinator for Communications John Kirby told reporters on Tuesday.

UNITED NATIONS, Aug 2 (NNN-AGENCIES) — UN head Antonio Guterres warned that a misunderstanding could spark nuclear destruction as the United States, Britain and France urged Russia to stop “its dangerous nuclear rhetoric and behaviour.”

At the opening of a key nuclear Non-Proliferation Treaty (NPT) conference in New York, Guterres warned that the world faced “a nuclear danger not seen since the height of the Cold War.”

NEW YORK, Aug 2 (Reuters) - Oil futures rose about 2% on Tuesday as traders worried that this week's meeting of OPEC+ producers may not lead to a further boost in crude supply.

The Organization of the Petroleum Exporting Countries and allies including Russia, known as OPEC+, meet on Wednesday. Two of eight sources said a modest output hike would be discussed. The rest said a boost was unlikely.

OPEC+ trimmed its forecast for an oil market surplus this yearby 200,000 barrels per day (bpd) to 800,000 bpd, three delegates told Reuters. [nL1N2ZE104]

UNITED NATIONS, Aug. 2 (Xinhua) -- China on Monday assumed the rotating presidency of the Security Council for August with the priorities of facilitating dialogue and cooperation for common security and supporting Africa's capacity-building for sustaining peace.

Amid a shifting international landscape, the Security Council must revisit the role of dialogue and cooperation for common security, said Zhang Jun, China's permanent representative to the United Nations.

NEW YORK (AP) — JetBlue Airways lost $188 million in the second quarter, as fuel costs nearly tripled and wiped out a large increase in revenue during the early part of the peak vacation-travel season.

The loss reported Tuesday was wider than Wall Street expected. JetBlue was unable to keep pace with bigger rivals, who posted profits for the quarter on full planes and higher fares.

Shares of JetBlue fell 6% in late-morning trading Tuesday.