Page 3 - World News

US plans to sanction another bank over Iran transactions, says Bessent

Treasury Secretary Scott Bessent said the Trump administration will impose sanctions on another bank this week as Washington steps up pressure on countries doing business with Iran

BYD's overseas revenue tops China sales for first time as profit rises

BYD's overseas revenue accounted for 53% of first-half sales as domestic revenue fell 31%, highlighting the growing importance of foreign markets for Chinese carmakers

Norwegians line up to mourn late King Harald V, funeral set for September 9

Tens of thousands of Norwegians attended memorial services across the country for King Harald V, who died aged 89, as the royal family remains in official mourning

Iran launches missiles on two US bases in Jordan after attack in Larak

US Central Command said that the blockade remains in place against Iran and, as of Sunday, they have redirected 83 commercial vessels, disabled 3 and boarded 2 to ensure compliance with the blockade

US strikes Iranian rocket launchers in first military action in weeks

US forces struck Iranian rocket launchers near the Strait of Hormuz, ending a month-long pause in direct attacks as Tehran vowed to retaliate over the deadly strike

India geared up to supply more power to Nepal amid flash floods

India will be able to manage the impact of a cut in cross-border hydropower flows from Nepal, according to officials

Ukraine defence minister pledges 'clear' plan to get early loan release

Ukraine's new defence minister plans to seek an early release of EU loan funds as Kyiv faces a $27 billion military budget deficit amid its war with Russia

Battle to build $116 billion global defence bank faces major hurdles

Canada-backed DSRB aims to raise $116 billion to finance defence projects, but limited commitments from major economies threaten its funding and credit-rating ambitions

Iran's Supreme Leader Mojtaba Khamenei urges Gulf to confront 'real enemy'

Iran's Supreme Leader Mojtaba Khamenei calls for Muslim unity and mutual defence, urging Gulf states to unite against what he described as their "real enemy"

EssilorLuxottica clan's $47 billion fortune rift grows with heir's exit

A feud among Leonardo Del Vecchio's heirs over his €40 billion fortune is deepening, raising governance concerns at Delfin and its key investments

49 Indians missing after Tibet mudslide; death toll climbs to nearly 800

Search on for 537 workers at nine hydroelectric projects

Federal Reserve's chairman Kevin Warsh faces a 'no-win' situation on rates

Kevin Warsh faces a tough choice on September rates as persistent inflation pressures clash with market expectations and Donald Trump's push for lower borrowing costs

Iceland votes against resuming European Union re-entry talks in referendum

Icelanders reject reopening EU membership talks, citing sovereignty and control over fisheries, dealing a blow to the bloc's efforts to revive its appeal

Google Maps renames Lake Ontario to 'Lake America' for US users

Google Maps will show Lake Ontario as "Lake America" to US users after a US government geographic naming change ordered by President Donald Trump

US Treasury's Bessent faces G20 diplomacy test amid tariffs, Iran war

The unresolved conflict has kept the Strait of Hormuz closed, sapping growth from nearly all G20 economies

Over 500 workers remain missing at Nepal hydropower projects after floods

Rescue ops was hampered by debris blocking tunnel entrances, damaged infra, difficult terrain and adverse weather, prompting Nepal to seek specialised assistance from India, China and others

SpaceX set to launch Nasa's $4.3 bn dark energy-hunting space telescope

Perched on top of SpaceX's powerful Falcon Heavy rocket, Nasa's Nancy Grace Roman Space Telescope is slated to lift off at 7:26 a.m. local time from Cape Canaveral, Florida

Cash-strapped UK universities turn to mergers as funding pressures mount

The two mid-ranking institutions are merging into one of the UK's biggest, forging a blueprint for others in the economically challenged sector to follow

When skilled immigrants are overqualified, employers pay a price too

Nearly one in three immigrants in Canada with a post-secondary education report that they are overqualified for their jobs

Nepal to now bury unidentified flood victims after preserving DNA samples

Nepal will preserve DNA samples and identification records before burying unidentified flood victims, as mortuaries struggle to cope with hundreds of recovered bodies