NATO allies will try to ensure this week’s summit isn’t derailed by the fallout from U.S. military strikes on Iran, experts say, but the conflict may still be “the elephant in the room.” U.S. President Donald Trump late Monday announced that a ceasefire between Israel and Iran would be phased in over a 24-hour period. … Read more
Oil futures jumped 3% at the start of the first trading session since the U.S. launched direct attacks against Iran, casting further shadow over the supply outlook in the embattled oil-rich Middle Eastern region. U.S. crude oil on Sunday evening rose $2.30, or 3.1%, to $76.14 per barrel, while global benchmark Brent jumped $2.38, or … Read more
Steve Rosenberg Russia Editor Reporting fromSaint Petersburg Reuters While Moscow has talked up its partnership with Iran, the deal does not require Russia to come to Iran’s military aid When Israel launched Operation Rising Lion, officials in Russia described the current escalation in the Middle East as “alarming” and “dangerous.” Still, Russian media were quick … Read more
U.S. Treasury yields fell on Tuesday after retail sales narrowed more than Wall Street economists had expected, lifting bond prices and raising concern that the economy is headed for a slowdown or even a recession. The yield on the benchmark 10-year Treasury note fell more than 6 basis points to 4.387%, while the 2-year Treasury … Read more
Mohammed Allie BBC News, Cape Town Sibahle Mbasana The Mbasana brothers have to get up at 04:30 to get to school on time Fears of crime and gang violence in the notorious townships on the outskirts of the South African city of Cape Town are forcing some parents to make difficult decisions to send their … Read more
There has been a night of intense fighting between Israel and Iran, with the two sides trading fire and explosions heard in Tel Aviv, Jerusalem and Tehran. Ballistic missiles hit parts of Israel, with at least two people killed and dozens injured, according to Israeli emergency services. Iran launched its attack in retaliation for Israeli … Read more
At a used car market in Beijing, salesman Ma Hui said he fears China’s electric vehicle industry is in a race to the bottom. EV makers, led by the country’s market leader, BYD, have been engaged in a bruising price war, depressing profits for the brands, as well as sellers such as Ma. “All of … Read more
At a used car market in Beijing, salesman Ma Hui said he fears China’s electric vehicle industry is in a race to the bottom. EV makers, led by the country’s market leader BYD, have been engaged in a bruising price war, depressing profits for the brands, as well as sellers such as Ma. “All of … Read more