World News
Cyprus to supply natural gas to Europe by 2028 as EU seeks new sources
Gas from the Cronos field off Cyprus is expected to reach European markets by March 2028 via Egypt, offering an alternative supply as Europe seeks to reduce reliance on Russia
 "Cyprus to supply natural gas to Europe by 2028 as EU seeks new sources")
Households in India, Asia-Pacific regions vulnerable to El Nino shocks: S&P
S&P said the effects of the El Nino period starting in 2026 will reach Asia-Pacific mainly through weaker rainfall and climate disruption, and the macroeconomic impact is likely to be manageable
 "Households in India, Asia-Pacific regions vulnerable to El Nino shocks: S&P")
Russia, China take note as Iran conflict depletes US weapons stocks
The Iran war has depleted US weapons stockpiles, resulting in a significant erosion of firepower. A more drawn-out Iran conflict benefits Moscow and Beijing, some analysts say
 "Russia, China take note as Iran conflict depletes US weapons stocks")
China's producer inflation eases to 3-month low in July, CPI slows
China's leaders, confronting a two-speed economy of strong factory output and exports but weak domestic demand, have pledged to bolster growth by accelerating fiscal spending
 "China's producer inflation eases to 3-month low in July, CPI slows")
US CPI to show inflationary pressures easing after recent war-driven rise
The closely watched consumer price index is seen rising 0.1% in July following a 0.4% decline in the prior month
 "US CPI to show inflationary pressures easing after recent war-driven rise")
Pentagon asks defence firms to boost production of key weapon systems
There have been growing warnings about the state of US weapons stockpiles as the US military attacks Iran and repels its drone and missile strikes on American bases in the region
 "Pentagon asks defence firms to boost production of key weapon systems")
PM Modi speaks to JD Vance, discusses ways to deepen India-US ties
PM Modi also congratulated Vance and his wife, Usha Vance, on the birth of their son and extended his wishes to the family
 "PM Modi speaks to JD Vance, discusses ways to deepen India-US ties")
US Treasury pressures Harry Sargeant to divest from Venezuela oil venture
Sargeant served as a vital back channel between Washington and Caracas during years of deep hostility, accumulating outsized influence on both sides
 "US Treasury pressures Harry Sargeant to divest from Venezuela oil venture")
Drones spotted over German military base after explosives found at airport
The sightings came two days after a drone carrying explosives was found at Leipzig/Halle Airport, prompting a security investigation.
 "Drones spotted over German military base after explosives found at airport")
US weighs ending 60-day grace period for foreign workers to find new jobs
The proposed regulation would eliminate 60-day grace period accorded to certain principal non-immigrants and their dependents if the principal's employment ceases before period of stay expires
 "US weighs ending 60-day grace period for foreign workers to find new jobs")
Iran says Hormuz reopening depends on US accepting its conditions
A US official on Friday reported progress between Iran and Oman that could soon reopen the Strait of Hormuz
 "Iran says Hormuz reopening depends on US accepting its conditions")
UAE blames Iran after its oil company's vessel attacked in Hormuz
ADNOC said more than a dozen of its vessels have faced missile and drone attacks in the strait since February.
 "UAE blames Iran after its oil company's vessel attacked in Hormuz")
Todd Blanche confirmed as Trump's attorney general in 50-49 Senate vote
The vote followed a tumultuous confirmation fight that exposed deep concerns - from some Republicans as well as Democrats - about installing Trump's close ally atop a Justice Department
 "Todd Blanche confirmed as Trump's attorney general in 50-49 Senate vote")
Iran's leaders see victory within reach, believe time is on their side
Tehran believes US weapons shortages, war fatigue and rising energy prices could force Donald Trump to accept its control over the vital waterway, but the strategy carries risks
UN calls for accountability if people harmed during peaceful protest in PoK
UN spokesperson also backed High Commissioner Volker Turk's call for an impartial probe into the deaths of protesters and arrests of leaders
 "UN calls for accountability if people harmed during peaceful protest in PoK")
SpaceX shares surge 16%, near $135 IPO price again after $327 billion rally
Elon Musk-led company's stock has gained 23% in two sessions, adding over $327 billion to its market value despite lockup restrictions ending
 "SpaceX shares surge 16%, near $135 IPO price again after $327 billion rally")
Trump gets temporary reprieve from disclosing business finances in BBC suit
Florida judge pauses order requiring Trump to provide financial details as president seeks to narrow his $10 billion lawsuit against the broadcaster
 "Trump gets temporary reprieve from disclosing business finances in BBC suit")
Trump calls court ruling on WH ballroom a 'national security threat'
US president says his administration will challenge the ruling before the Supreme Court after a federal appeals court said the project requires congressional approval
 "Trump calls court ruling on WH ballroom a 'national security threat'")
US Senate clears Russia sanctions bill with 100% tariffs on India, China
The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 allows Donald Trump to impose 100 per cent tariffs on goods from countries among the top five buyers of Russian oil and gas
 "US Senate clears Russia sanctions bill with 100% tariffs on India, China")
Trump moves to fire Fed's Lisa Cook again after June court setback
The White House has asked Cook to respond within three weeks to mortgage-fraud allegations that her lawyer called baseless, according to a report by ABC News on Friday
 "Trump moves to fire Fed's Lisa Cook again after June court setback")