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Pope Francis kicks off a yearlong Jubilee that will test his stamina and Rome's patience VATICAN CITY (AP) — Pope Francis has opened the great Holy Door of St. Peter's Basilica. The ceremony kicks off the 2025 Holy Year. It's a celebration of the Catholic Church that is expected to draw some 32 million pilgrims to Rome. And it will test the pope’s stamina and the ability of the Eternal City to welcome them. This begins the Christmas Eve Mass. The ceremony inaugurates the once-every-25-year tradition of a Jubilee. Francis has dedicated the 2025 Jubilee to the theme of hope. Bethlehem marks a second subdued Christmas Eve during the war in Gaza BETHLEHEM, West Bank (AP) — Bethlehem is marking another somber Christmas Eve under the shadow of war in Gaza. Manger Square lacked its usual festive lights and crowds of tourists on Tuesday. Instead, the area outside the Nativity Church was quiet. The church was built atop the spot where Jesus is believed to have been born. The war, the violence in the occupied West Bank it has spurred and the lack of festivities has deeply hurt Bethlehem's economy. The town relies heavily on Christmas tourism. The economy in the West Bank was already reeling because of restrictions placed on laborers preventing them from entering Israel during the war. Heavy travel day starts with brief grounding of all American Airlines flights WASHINGTON (AP) — American Airlines briefly grounded flights nationwide due to a technical problem just as the Christmas travel season kicked into overdrive and winter weather threatened more potential problems for those planning to fly or drive. Government regulators cleared American flights to get airborne Tuesday about one hour after the Federal Aviation Administration ordered a national ground stop, which prevented planes from taking off. American said in an email that the problem was caused by an issue with a vendor technology that maintains its flight operating system. Aviation analytics company Cirium said flights were delayed across American’s major hubs, with only 37% leaving on time. Nineteen flights were cancelled. Middle East latest: Israel expels patients from a hospital in Gaza TEL AVIV, Israel (AP) — The Palestinian Health Ministry says Israeli soldiers raided a hospital in isolated northern Gaza after forcing all the patients and most of the doctors to leave. The Israeli military confirmed its troops had entered the Indonesian Hospital in the town of Jabaliya on Tuesday, as part of an operation searching for Hamas fighters. Winter is hitting the Gaza Strip and many of the nearly 2 million Palestinians displaced by the devastating 15-month war are struggling to protect themselves from the wind, cold and rain. In the occupied West Bank, the Palestinian city of Bethlehem was marking a somber Christmas Eve under the shadow of war in Gaza, with most festivities cancelled and crowds of tourists absent. Caitlin Clark honored as AP Female Athlete of the Year following her impact on women's sports Caitlin Clark has been named the AP Female Athlete of the Year after raising the profile of women’s basketball to unprecedented levels in both college and the WNBA. She led Iowa to the national championship game, was the top pick in the WNBA draft and captured rookie of the year honors in the league. Fans packed sold-out arenas and millions of television viewers followed her journey on and off the court. Clark's exploits also put other women's sports leagues in the spotlight. A group of 74 sports journalists from AP and its members voted on the award. Other athletes who received votes included Olympic gold medalist Simone Biles and boxer Imane Khelif. Clark’s only the fourth women’s basketball player to win the award since it was first given in 1931. Major storm pounds California's central coast, blamed for man's death and partially collapsing pier SANTA CRUZ, Calif. (AP) — A major storm has pounded California’s central coast bringing flooding and high surf that was blamed for fatally trapping a man beneath debris on a beach and later partially collapsing a pier, tossing three people into the Pacific Ocean. The storm was expected to bring hurricane-force winds and waves up to 60 feet Monday as it gained strength from California to the Pacific Northwest. Some California cities have ordered beachfront homes and hotels to evacuate early Monday afternoon. Forecasters have warned that storm swells would continue to increase throughout the day. Medellin Cartel victims demand truth and justice as cartel boss Fabio Ochoa walks free in Colombia BOGOTÁ, Colombia (AP) — The return of the notorious drug trafficker Fabio Ochoa to Colombia, following his deportation from the United States, has reopened old wounds among the victims of the Medellin cartel, with some expressing their dismay at the decision of Colombian authorities to let the former mafia boss walk free.Some of the cartel victims said on Tuesday that they are hoping the former drug lord will at least cooperate with ongoing efforts by human rights groups to investigate one of the most violent periods of Colombia’s history, and demanded that Colombian prosecutors also take Ochoa in for questioning. Man arraigned on murder charges in NYC subway death fanned flames with a shirt, prosecutors say NEW YORK (AP) — Prosecutors say a man accused of burning a woman to death inside a New York City subway train used a shirt to fan the flames, causing her to become engulfed. The suspect, identified by police as Sebastian Zapeta, was arraigned in Brooklyn criminal court on Tuesday. He faces murder charges that could put him in prison for life. Federal immigration officials say 33-year-old Zapeta is a Guatemalan citizen who entered the U.S. illegally after being deported in 2018. The apparently random attack occurred Sunday morning on a stationary F train at the Coney Island station in Brooklyn. Amsterdam court sentences 5 men over violence linked to Ajax-Maccabi soccer game THE HAGUE, Netherlands (AP) — An Amsterdam District Court has issued sentences of up to six months in jail against 5 men who were involved in violent disorder after a soccer match between the Dutch club Ajax and Israel’s Maccabi Tel Aviv in November. The riots caused an international outcry and accusations of deliberate anti-Semitic attacks. The violence following a UEFA Europa League match left 5 people in hospital. More than 60 suspects were detained. The court on Tuesday sentenced one man to 6 months in prison, another to 2 1/2 months, two to 1 month and one to 100 hours of community service.State-owned IIFCL has requested the government to bring the space sector under the harmonized list of infrastructure for easier financing of satellite vehicle manufacturing activity in the country. Currently, India Infrastructure Finance Company Limited (IIFCL) is providing advisory services to the Indian Space Research Organisation ( ISRO ) through its subsidiary IIFCL Projects Limited (IPL). "Space sector is something which we have been engaged in through our subsidiary IPL. IPL got repeated mandates from ISRO for helping them in many of their endeavours, including transfer of space satellites," IIFCL managing director P R Jaishankar told PTI. IIFCL subsidiary has helped in transferring 13 satellites from ISRO to NSIL which involved a very complicated legal process, he said, adding IPL has also done their business plans. NewSpace India Ltd (NSIL), is the commercial arm of ISRO with the primary responsibility of enabling Indian industries to take up high-technology space-related activities and is also responsible for the promotion and commercial exploitation of the products and services emanating from the Indian space programme. At the same time, he said, "We would like to engage with the space sector in terms of financing the space satellite vehicles manufacturing and other related areas. So, we have requested the government to include the space sector in the harmonized list of infrastructure so that we can be enabled to provide funding to this sector." 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Presently, it includes five main sectors and 37 sub-sectors. Earlier this year, the Union Cabinet liberalised Foreign Direct Investment (FDI) policy allowing up to 100 per cent FDI through the automatic route in the space sector. Foreign firms now planning to build satellites would not require government approval up to 74 per cent of the investment while up to 49 per cent in the case of launch vehicles. This increased private sector participation would help to generate employment, enable modern technology absorption and make the sector self-reliant. Besides, Jaishankar said, IIFCL is planning to set up a subsidiary for issuance of asset backed securities (ABS) or covered bonds, as it aims to securitize its assets and conserve capital for further growth in business. The idea is to hive off part of our assets, he said, adding, "We will maintain a threshold, and we will focus on increasing the sanctions and disbursements more as compared to growing the asset size or loan book size". Presently, the company is working on details, he said, adding that once it is crystalised, we will take it to the board for its approval. During FY24, IIFCL reported a 44 per cent jump in standalone net profit to Rs 1,552 crore, aided by an increase in lending and moderation in bad loans. The state-owned infrastructure finance company had earned a net profit of Rs 1,076 crore in the previous fiscal. The company recorded the highest-ever profit, recovery, sanction and disbursement, furthering turnaround performance that began three years ago. For the first half ended September 2024, the infra lending company earned a standalone profit of Rs 811 crore, more than half of it earned in the entire FY24. (You can now subscribe to our Economic Times WhatsApp channel )
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