Italian PM Giorgia Meloni refuted Donald Trump's claim that she "begged" for a photo at the G7 summit, calling his statements "totally invented." The incident has caused political backlash in Italy, with the foreign minister canceling a US trip.
Thousands have died in the Middle East since the US-Israeli war with Iran began in February, with official figures reporting over 7,300 deaths in Iran and Lebanon alone. A peace deal has now been agreed to end the conflict, though analysts suggest the true toll may be higher due to reporting restrictions and unreliable data.
Norinco's display features advanced air defence systems, including surface-to-air missiles like the Sky Dragon 100 (100km range) and Yitian II (20km range), designed for layered defence. The company also highlights the SA2/LD76 anti-aircraft gun system, specifically targeting drones, cruise missiles, and precision-guided munitions.
Iranian Foreign Minister Abbas Araghchi stated that the US-Israeli war on Iran will only end with the cessation of hostilities in Lebanon. He emphasized that any ceasefire must include Lebanon and involve the withdrawal of Israeli forces, stressing Hezbollah's integral role in Lebanon.
Asian nations are prioritizing fuel needs over security risks associated with Russian oil imports, driven by high energy prices and supply disruptions. India's imports have surged, and Indonesia plans to import significant volumes from Russia.
Oil prices fell below $100 a barrel and stock markets rose amid hopes of a US-Iran peace deal, though analysts urge caution due to past failed talks. Inflation fears and expected interest rate hikes persist.
Oil prices, particularly Brent crude, fell sharply on Sunday due to tentative hopes for a US-Iran deal, while Japan's Nikkei 225 stock index surged to an all-time high. President Trump's mixed signals on negotiations with Tehran impacted market sentiment.
The ongoing US-Israeli war on Iran and the closure of the Strait of Hormuz are prompting global consideration of alternative energy routes, potentially boosting clean energy investments and exploring new land routes through Egypt, impacting the global economy.
Langkawi tourism operator Mohamad Zaki Najmi is struggling with increased operating costs due to higher fuel prices, linked to the US-Israeli war on Iran. He has raised prices for jet ski and boat tours. Additionally, Zaki reports a recent decline in tourist arrivals on the Malaysian island.
The Iran war is causing stagflation and starvation due to reduced oil and fertilizer supplies, with potential for a global economic shock. Rising bond yields could pop the AI bubble, and petrol prices may reach $10 a gallon this summer.
The UK government has relaxed sanctions on Russian crude oil, allowing imports of refined jet fuel and diesel from third countries like India and Turkey. This move, aimed at curbing surging fuel costs and protecting national interest amid global conflicts, has drawn criticism from opposition figures concerned about supporting Russia.
China's crude imports from Russia surged 11.3% year-on-year to nearly 9 million tonnes in April. The value of these imports rose 16.2% month-on-month, despite a quantity fall, driven by increased global demand for Russian oil following US sanctions waivers.
Global businesses face at least $25 billion in losses due to the US-Israeli war with Iran, driven by rising oil prices, disrupted trade routes, and higher operating costs. Airlines are most affected, but the impact is spreading across sectors.
UK businesses are halting investment and hiring due to the Iran war's economic fallout, rising costs, and political uncertainty. Surveys show companies prioritizing cost management over growth, with job vacancies falling. Some firms may shift production to the UK.
South Korea's KOSPI index fell 3.72% to 7,684.15 after briefly surpassing 8,000 points, driven by investor concerns over the US-Israeli war against Iran and profit-taking, especially in tech stocks like Samsung Electronics (-5.41%) and SK hynix (-3.71%).
A classified US intelligence analysis reveals China is exploiting the US-Israeli war with Iran to undermine US influence across diplomatic, informational, military, and economic fronts ahead of Trump-Xi talks.
Over 25% of European companies in China have adjusted supply chains due to the Middle East conflict, citing higher energy and logistics costs, with 81% struggling to source Middle Eastern inputs.
Vistry, a major UK housebuilder, anticipates significantly lower first-half profits due to heightened macroeconomic uncertainty and increased costs triggered by the US-Israeli war on Iran, prompting a 10.5% stock plunge.
Indonesian fishermen say soaring diesel costs linked to the US-Israeli war on Iran have left fleets stranded and crews without income Read Full Article at RT.com
A Pakistani delegation met with Iranian officials in Tehran to discuss proposals aimed at ending the US-Israeli war, as US Secretary of State Marco Rubio noted "some good signs" in recent talks. Key sticking points include Iran's nuclear program and control over the Strait of Hormuz.
Iran’s stockpile of enriched uranium must be “taken out” before the US-Israeli war against Iran can be considered over, Israeli Prime Minister Benjamin Netanyahu said in an interview on Sunday. “It’s not over, because there’s still nuclear material – enriched uranium – that has to be taken out of Iran. There’s still enrichment sites that have to be dismantled,” Netanyahu said in an excerpt of an interview due to air later Sunday on CBS’s 60 Minutes programme. “You go in and you take it out,” the...
US President Trump says American troops might be moved to Poland from Germany after Berlin’s refusal to back the US-Israeli war on Iran Read Full Article at RT.com
China’s export sector showed strong resilience last month, with the total value of outbound shipments hitting a monthly record even as the Strait of Hormuz crisis during the US-Israeli war in Iran showed little sign of abating after driving up energy and shipping costs. The value of China’s exports rose in April by 14.1 per cent, year on year, to US$359.44 billion, according to data released by the General Administration of Customs on Saturday. The reading was above the 6.96 per cent growth...
The European Commission is working on a new trade weapon as the continent struggles to contend with a flood of low-cost imports from China. The tool may be presented at a May 29 gathering of the European Union’s executive branch, the South China Morning Post reported on Tuesday. Plans for a China-focused meeting were delayed from last month after the US-Israeli war on Iran prompted a new agenda focused on energy prices. It’s not clear what form the instrument will take. Business groups have been...
