UK retailer Next upgraded its profit guidance for the third time this year to £1.2bn after a hot summer boosted second-quarter full-price sales by 9%, driving its shares to a record high.
An estimated 72,000 migrants crossed into the Spanish enclave of Ceuta from Morocco last week before most returned home, with at least 88 deaths reported and right-wing figures seizing on the images to push hardline anti-immigration policies.
Global markets rallied as Wall Street hit new record highs driven by strong AI earnings and oil prices fell to a three-week low on Middle East de-escalation hopes. Meanwhile, SpaceX reported its first public earnings with a surge in revenue and AI spending.
BP reported a profit jump to $3.91 billion in the April-June period as fossil fuel prices soared amid the US-Iran conflict. CEO Meg O'Neill announced plans to sell several assets, including the North Sea business, as part of a strategic pivot back to oil and gas.
BP reports $5.73bn quarterly profit, more than double last year's, driven by oil price hikes due to the Middle East conflict. Critics accuse BP of profiteering as energy costs soar globally.
Jordan hosts emergency meeting with Arab and Islamic nations over fears of Israeli takeover of Al-Aqsa mosque, violating a status quo treaty, potentially triggering a religious conflict.
BP reports quarterly profits more than doubling to $5.73bn, driven by rising oil and gas prices from the Middle East crisis, as new CEO Meg O'Neill plans a major company overhaul.
A collection of news reports highlights transport logistics updates, diplomatic discussions involving the US and Iran, military engagements in the Ukraine conflict, and economic data such as Russia's manufacturing PMI.
Britain's BP reported a Q2 underlying replacement cost profit of $5.7 billion, beating analyst expectations of $5 billion, as high fossil fuel prices driven by the Middle East conflict boost major oil companies.
Seoul stocks fell late Tuesday morning, with KOSPI down 0.18% to 6,246.45 as tech shares slid amid lingering Middle East uncertainty; Samsung and SK hynix dropped while defense firms Hanwha Aerospace and Korea Aerospace Industries surged.
Global oil prices surged toward $100 per barrel as Middle East fighting disrupted the Strait of Hormuz and Red Sea, leaving global inventories critically low and threatening renewed inflation.
Iran is negotiating with Oman for a temporary commercial shipping route through the Strait of Hormuz, while its foreign ministry spokesperson denies any talks with the US, despite President Trump's claims and threats of military action. Tensions remain high over the strait's management and a disputed ceasefire agreement.
Experts warn the threat to oil ships in the Middle East is the worst since the Iran war began, following attacks in the Red Sea, an alternative route to the Strait of Hormuz, where traffic has significantly decreased.
Crude oil prices fell sharply and global stocks rallied after Donald Trump announced he cancelled strikes on Iran and claimed peace talks would resume, a claim Tehran denied. This occurred despite rising fuel prices for UK motorists.
Iran is employing a calibrated escalation strategy, threatening Middle East trade routes and energy infrastructure to raise costs for the US and its allies. Tehran seeks to strengthen its negotiating position and force concessions without triggering a full-scale war, keeping global oil markets and trade on edge.
UK manufacturing output grew for the fourth consecutive month at its fastest rate in nearly two years, driven by new domestic and export orders. However, the sector faces uncertainty from the Middle East conflict, rising energy costs, and subdued employment growth, despite optimism from some industry figures.
Missouri's first congressional district Democratic primary between incumbent Wesley Bell and challenger Cori Bush has become a national proxy battle over US support for Israel amid the Gaza conflict. The race, marked by heavy Aipac spending against Bush, highlights deep divisions within the Democratic party.
Iran is discussing a temporary shipping route through the Strait of Hormuz with Oman to resume commercial traffic, according to its foreign ministry spokesperson Esmail Baghaei. Tehran denied US claims of restarting broader talks, emphasizing bilateral negotiations with Oman on the route and future strait management.
Russian Senator Grigory Karasin predicts the US-Iranian conflict will be resolved by late 2026 or early 2027, citing discomfort among Middle Eastern countries living in confrontation. He also highlighted Russia's positive role in regional developments.
Russian Senator Grigory Karasin predicts the US-Iranian conflict will be resolved by late 2026 or early 2027. He cites discomfort among Middle Eastern countries and Iran with the ongoing confrontation, despite recent hostilities and a prior memorandum of understanding.
Australia's Morning Mail covers significant news including falling house prices, concerns over First Nations deaths in custody, and the start of Alan Jones' trial. International news features the Middle East crisis and wildfire tragedies.
U.S. President Donald Trump announced the cancellation of planned strikes on Iran, stating a rapid agreement had been reached with Tehran and other Middle Eastern countries to end the conflict. The deal reportedly includes opening the Hormuz Strait and ending Iran's nuclear threat, with Israel's support. Iran has not yet confirmed the agreement.
Hong Kong travellers are increasingly choosing mainland China for long-haul transit to Europe, avoiding Middle Eastern routes due to safety concerns from the US-Israel war on Iran and higher airfares. This shift has led to group discounts from mainland airlines, with some routes offering cheaper fares.
Donald Trump announced he cancelled planned strikes against Iran, claiming Iran and other Middle Eastern countries requested a halt as "perimeters" of a deal were agreed. This follows reports of US-Israeli strike plans and Iran's acting Defence Minister stating Tehran views threats as credible, despite past talks failing.
