World News

Talks with US won't happen while interim deal is breached: Iranian minister

Iran says it will not resume talks with the US while Washington breaches a June interim deal, while an agreement with Oman on Strait of Hormuz shipping lanes nears completion

Currency defence gets makeover as central banks in Asia guard reserves

Asian central banks are seeking new ways to support weak currencies and preserve forex reserves as West Asia tensions, oil risks and high US rates weigh on markets

Yemen's Houthis claim attack on Aramco oil facility in Saudi Arabia

Meanwhile, Iran has made new demands about the restart of negotiations and the reopening of the Strait of Hormuz

Israel rejects Trump's 15-point plan for Gaza, says PM Benjamin Netanyahu

Israel rejects Trump's Gaza peace plan and says it will not withdraw until Hamas fully disarms, raising fresh uncertainty over the ceasefire

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

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

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

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

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

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

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

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

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.

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

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

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.

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

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

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