Nepal marks day of mourning as flood death toll rises above 1,380
Nepal marked a national day of mourning on Monday for victims of last month's catastrophic floods, as search and rescue teams continued to look for people still missing. Government offices and missions abroad lowered the national flag to half-mast, while families observed mourning rituals on the 13th day after the disaster. The latest figures cited by officials put the death toll at at least 1,380, with more than 5,500 people still missing.The Ministry of Home Affairs said there would be no wider government events because rescue and search operations were still under way in flood-hit areas. Phanindra Paudel of the... [Continue Reading]
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Breakfast News Recap: US Iran tensions deepen as Germany swings right and China boosts banks
The biggest geopolitical story was the worsening US Iran confrontation, with Energy Secretary Chris Wright saying there may not be a nuclear agreement as Washington and Tehran continue exchanging attacks. The comments underline fading hopes for a deal while the military and diplomatic standoff intensifies. đź”—In the Middle East, Israel ordered residents in a zone of Deir Zahrani in southern Lebanon to evacuate ahead of strikes it said were aimed at a Hezbollah target. The warning came as cross border pressure remained high and the risk of wider escalation stayed in focus. đź”—Ukraine said US envoys had brought new proposals... [Continue Reading]
Philippines warns China may exploit cuts to US-South Korea drills
Philippine Defence Secretary Gilberto Teodoro has warned that China could try to take advantage of recent cuts to joint US-South Korea military drills to reassert itself in the Asia-Pacific. He made the remarks on the sidelines of the Seoul Defense Dialogue, an annual multilateral security forum, where he was asked about the regional implications of the reduced exercises. Teodoro said Beijing is "very quick to exploit gaps" and argued that any perceived opening could affect the wider security environment.Teodoro also said Washington had given Manila "definite assurances" that US commitments to the Philippines remain unchanged. His comments come as South... [Continue Reading]
China injects $54bn into state banks and insurers to support slowing economy
China is injecting 360 billion yuan, or about $53.6bn, into eight state-owned banks and insurance companies in a move aimed at strengthening the financial system and supporting the country's slowing economy. The package is being led by the finance ministry, according to state media reports. It comes as Beijing faces pressure from trade tensions, a prolonged property market slump and weaker domestic demand.The funding will go to three major lenders and five insurers, including Industrial and Commercial Bank of China, Agricultural Bank of China and China Export & Credit Insurance Corporation. State media said the measure is intended to improve... [Continue Reading]
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Von der Leyen in Greenland to announce EU investment package amid Arctic tensions
European Commission President Ursula von der Leyen has arrived in Greenland for a two-day visit that is expected to culminate in a new European Union investment package. The planned announcement is set to cover critical minerals, satellite communications and renewable energy, according to the supporting material. The trip is being presented as a signal of support for Greenland and Denmark at a time of renewed strategic competition in the Arctic.Von der Leyen said in Nuuk on Sunday that the package would be "substantial", although she did not give details. Greenland Premier Jens-Frederik Nielsen said the territory wanted to build on... [Continue Reading]
Nepal woman found alive after family began funeral rites as flood death toll rises
A woman believed to have died in Nepal's flooding has been found alive under the ruins of her collapsed home in Betrawati, ten days after her family began funeral rites. Chandika Kumari Shrestha was discovered beneath mud and rubble in a market town devastated by the disaster. Rescuers heard her calling for help as they searched the wreckage of a four-storey house that had been swept away by flash flooding.Police officer Mahendra Darnal said the woman was trapped in a confined space and was freed in about 45 minutes before being taken to an army hospital for treatment. He said... [Continue Reading]
US sanctions Turkish bank over alleged IRGC-Qods Force ties
The United States has imposed sanctions on a Turkish bank and two subsidiaries, accusing them of helping move funds linked to Iran's Islamic Revolutionary Guard Corps-Qods Force. The action targets Golden Global Yatirim Bankasi Anonim Sirketi, also known as Golden Global Bank, and places the institution on the US Treasury's sanctions list. The move is part of Washington's wider effort to restrict Iran's access to the international financial system.According to the Treasury Department, the bank facilitated tens of millions of dollars in transactions for the IRGC-Qods Force and provided banking access that allowed Iranian funds to move internationally. The department... [Continue Reading]
China and the United States compete for Egypt AI data-centre contract amid Xi Jinping visit
Egypt is weighing competing offers for a new artificial intelligence data-centre project as China and the United States vie for influence in Cairo. The issue has emerged during Chinese President Xi Jinping's three-day visit to Egypt, which also marks the 70th anniversary of diplomatic relations between the two countries. The contract has become a focal point in a wider strategic contest, with the winner likely to gain both commercial and political leverage.According to the supplied material, Huawei has submitted a tender to build Egypt's AI data centres, while the United States is reportedly preparing a counteroffer. The Chinese company has... [Continue Reading]
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Volkswagen confirms 100,000 job cuts by 2030 in sweeping restructuring
Volkswagen has announced plans to cut 100,000 jobs by the end of the decade as part of a major restructuring of its business. The German carmaker said the move comes amid pressure from US tariffs and intense competition from Chinese rivals. It also said the number of models it produces will be reduced by half, while up to four plants in Germany could face closure.The company said management and unions had agreed to the plan, which includes a further reduction of about 50,000 jobs by 2030 on top of 50,000 already agreed. Volkswagen said the supervisory board had unanimously approved... [Continue Reading]
Pacific leaders criticise China over recent ICBM test amid forum split
Pacific Islands Forum leaders have criticised China over a recent intercontinental ballistic missile test, after weeks of internal disagreement over how strongly to respond. The issue was raised at the region's most significant annual diplomatic meeting, where leaders sought a common position on security concerns in the Pacific. The final wording said leaders registered concern about the test and called for transparency and reassurance from states carrying out such launches.Palau's President Surangel Samuel Whipps Jr, who chairs the forum, had pressed leaders to agree a joint statement during a retreat at his private residence in the north of Palau. After... [Continue Reading]
China's support for Iran shows its limits as US pressure intensifies
China's backing for Iran is being tested as the United States steps up pressure on Tehran, according to analysts cited in the supplied material. Beijing remains one of Iran's most important economic partners, but the row says it is unlikely to go far beyond its existing trade links to shield Tehran from sanctions and military pressure. The issue has also been visible this week at the Shanghai Cooperation Organisation gathering, where Chinese President Xi Jinping and Iranian President Masoud Pezeshkian were both present.The supplied analysis says China opposes the latest US pressure campaign, including sanctions and military attacks, but is... [Continue Reading]
US and global energy firms expand Venezuela oil projects as Chris Wright oversees Caracas signing
US Energy Secretary Chris Wright oversaw the signing of a new package of oil and energy agreements in Caracas on Wednesday, adding fresh detail to the wider US-Venezuela arrangement announced days earlier. The deals involve Chevron, Italy's Eni and GE Vernova, and were presented at a ceremony in the Venezuelan capital alongside interim President Delcy Rodriguez. The agreements are separate from the broader oil arrangement that has already drawn scrutiny over the scale of US access to Venezuelan reserves.According to the supplied material, the new contracts are worth tens of billions of dollars and are aimed at expanding production, increasing... [Continue Reading]
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USS Abraham Lincoln pauses in Thailand after 286-day deployment
The USS Abraham Lincoln has arrived at Laem Chabang in Thailand after 286 days at sea, marking a pause in one of the US Navy's longest recent deployments. The nuclear-powered aircraft carrier reached the port on Wednesday after a mission that began in the Pacific and was later redirected to the Middle East. The stop is being treated as a rest-and-recreation visit for the crew.The carrier is carrying about 5,000 sailors and Marines, and its flight deck has been seen with helicopters and combat aircraft, including F-35 jets. According to the supplied reporting, the ship left California in November 2025... [Continue Reading]
Global bond sell-off deepens as Strait of Hormuz closure keeps borrowing costs elevated
Markets are continuing to price in higher borrowing costs for governments as tensions in the Middle East keep energy prices elevated. The latest analysis says the closure of the Strait of Hormuz and renewed hostilities between the United States and Iran are feeding expectations of higher inflation and interest rates across major economies. That has added fresh pressure to government bond markets already under strain from heavy issuance and persistent fiscal concerns.The report says the immediate market response is being driven by the assumption that oil and gas prices will stay higher for longer, rather than ease as some investors... [Continue Reading]
Xi urges Middle East states to oppose external interference during rare Egypt visit
Chinese President Xi Jinping has called on Middle East countries to oppose external interference and to shape their own security arrangements during a rare visit to Egypt. The remarks came during talks in Cairo with Egyptian President Abdel Fattah al-Sisi, Xi's first visit to the country in a decade. The meeting took place at the Ittihadiya Presidential Palace in the Egyptian capital, where Xi was greeted with a 21-gun salute.According to the supplied material, Xi said the people of the Middle East should be the masters of their own affairs and should support regional dialogue on peace and security. He... [Continue Reading]
Joshua Wong pleads guilty in Hong Kong foreign-collusion case as sentencing looms
Joshua Wong has pleaded guilty in Hong Kong to a foreign-collusion charge under the city's national security law, in a second case that could carry a life sentence. The 29-year-old pro-democracy activist entered the plea at the High Court in Admiralty on Wednesday, according to court reporting from the hearing. Prosecutors allege he asked foreign countries, individuals or institutions to impose sanctions, blockades or other hostile measures against Hong Kong and China in 2020.The court heard that Wong is accused of supporting efforts to draw international pressure on Hong Kong and China after the national security law took effect in... [Continue Reading]
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G20 finance talks end in North Carolina amid dispute over Russia's presence
G20 finance leaders have ended a two-day meeting in Asheville, North Carolina, with most members backing the chair's statement despite disagreement over Russia's attendance. The United States said the presence of Russian Finance Minister Anton Siluanov did not affect the talks, while European allies voiced frustration at the optics of welcoming him at a US-hosted gathering. The meeting also took place against the backdrop of the war in the Middle East and US President Donald Trump's tariffs.US Treasury Secretary Scott Bessent said the fact that nearly all participants agreed to the chair's statement showed there had been no impact from... [Continue Reading]
US presses G20 to curb trade imbalances and Chinese import pressure
US Treasury Secretary Scott Bessent has urged fellow G20 finance chiefs to take stronger steps to protect their economies from Chinese imports. His remarks came during a two-day meeting in Asheville, North Carolina, where officials were also discussing wider concerns about debt and inflation. The comments placed trade imbalances and industrial policy at the centre of the gathering.Bessent said he had warned trading partners last year that higher US tariffs could push more Chinese goods into other markets. He told the meeting that some economies now needed to take a harder look at how to protect jobs and domestic industries.... [Continue Reading]
Zambia's Hakainde Hichilema sworn in for second term amid disputed election and arrests
President Hakainde Hichilema has been sworn in for a second term in Zambia after winning last month's election, even as his main rival remained in detention on treason charges and opposition figures faced arrests. The inauguration took place at National Heroes Stadium in the capital, Lusaka, on Tuesday. The ceremony came against a backdrop of persistent allegations of vote rigging and a sharp political dispute over the result.Hichilema was re-elected after securing 60% of the vote, according to the figures cited in the supporting material. His challenger, Brian Mundubile, received 38% and has alleged that the election was rigged. Mundubile... [Continue Reading]
Russia says Trump-Putin-Xi meeting is being discussed for APEC summit in November
Russia says talks are under way on a possible trilateral meeting involving Donald Trump, Vladimir Putin and Xi Jinping. The discussion was confirmed on Tuesday by Yuri Ushakov, an adviser to the Russian government, according to the supplied report. The meeting could take place at the Asia-Pacific Economic Cooperation summit in November, if all three leaders attend.Ushakov said the matter is being discussed and that there is an expectation the three presidents may be present at the summit. The report also says Putin and Xi met on Tuesday at a summit in Kyrgyzstan. It adds that Xi is expected to... [Continue Reading]
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SCO leaders in Bishkek condemn strikes on Iran and Western sanctions
Leaders of the Shanghai Cooperation Organisation have signed a declaration in Bishkek condemning military strikes on Iran and Western sanctions, adding a sharp diplomatic note to the two-day summit in Kyrgyzstan's capital. The joint statement, known as the Bishkek Declaration, was endorsed by leaders including Chinese President Xi Jinping, Russian President Vladimir Putin, Indian Prime Minister Narendra Modi and Pakistani Prime Minister Shehbaz Sharif. It also backed Iran's sovereignty and territorial integrity, and called for disputes to be resolved through political and diplomatic means.The declaration said the strikes on Iranian territory had caused civilian casualties and damage to the country's... [Continue Reading]
France begins fast-fashion penalties targeting Shein and Temu
France has begun imposing penalties on the most extreme end of fast fashion in a move aimed at curbing sales of cheap clothing sold through e-commerce platforms including Shein and Temu. The new charges are being applied under a law passed in June that is designed to address environmental concerns linked to overproduction and textile waste. The policy marks the first application of the regime and places France at the centre of a wider debate over the environmental cost of ultra-low-price online retail.The penalties range from €0.25 for items such as boxer shorts or socks to €12 for a coat,... [Continue Reading]
China warns of consequences over Taiwan's presence at Pacific Islands Forum in Palau
China has warned of consequences after Taiwan's foreign minister appeared at the opening ceremony of the Pacific Islands Forum leaders meeting in Palau. The warning came as Taiwan Foreign Minister Lin Chia-lung joined a large gathering of dignitaries in Koror, the country's commercial centre, for the formal start of the meeting. The event has drawn hundreds of politicians, officials, non-government organisations and journalists to the Micronesian nation.China's special envoy to the Pacific, Qian Bo, said Beijing had serious concerns about Taiwan's presence at the forum. He told reporters after the ceremony that China had made its position clear to the... [Continue Reading]
The Mirage of the Umbrella: The Shifting Sands of the U.S.-Israel-GCC Alliance
As I sat in a recent debate at the historic Carlton Club in London, listening to Faisal Abbas, the Editor-in-Chief of Arab News, I felt a tangible shift in the room, not because a new fact had been revealed, but because an old illusion had finally lost its last breath. The old-world order has not merely changed, it has evaporated, leaving the Gulf to realize it is no longer watching a distant fire from the safety of marble towers and air-conditioned ministries, but is instead standing directly inside the smoke. The GCC today is caught in a lethal crossfire between... [Continue Reading]
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The Madness of Power, From Balfour to the Edge of World War Three
A Voice in the Wilderness of War: Who Still Dares to Speak Truth While Empires March There are moments in history when the world suddenly accelerates toward disaster, moments when anyone who has studied history can feel the temperature rising even before the explosions reach their peak. The current escalation in the Middle East is one of those moments. According to the facts we now see unfolding, the United States and Israel made the unilateral decision to attack Iran without the approval of the United Nations, without a global coalition mandate, and without the support of most of the international... [Continue Reading]
The Proving Ground, When “Decent” Reporting Meets High-Tech Warfare
For two decades I have watched wars unfold not only on battlefields, but on screens. Today’s incident over Kuwait, involving the downing of a U.S. F-15 Strike Eagle, is not just another headline in the Iran conflict. It may be a signal that something larger is unfolding behind the noise. Iranian state outlets rapidly circulated imagery of an ejected pilot. Washington responded cautiously. But beneath the spectacle lies a deeper question, whose technology was truly being tested? The Gulf as a live-fire laboratory For years, China has refined export-ready variants of its air defense systems, particularly the HQ-9 family and... [Continue Reading]
Shadows of Fire: The Long Arc of Iran–United States Tensions
A Region on Edge: The Latest Escalation In recent months, tensions between Iran and the United States have intensified once again, fueled by disputes over regional security, nuclear development, maritime incidents in the Persian Gulf, and the broader strategic balance in the Middle East. Officials in Washington have expressed renewed concern over Iran’s uranium enrichment levels, while leaders in Tehran have accused the United States of economic warfare through sanctions and diplomatic isolation. The fragile equilibrium that followed earlier rounds of indirect negotiations appears increasingly strained, with both sides engaging in sharp rhetoric at the United Nations, reinforcing military postures... [Continue Reading]
There Is Good in Every Bad
Power, Greed, Oil, and the Theater of Modern Geopolitics The Business Model of Power Donald Trump does not govern like a traditional politician. He governs like a negotiator who believes every geopolitical crisis is leverage, every war threat is a bargaining chip, and every market panic is an opportunity. When markets tremble, someone profits. The question is, who? Global markets react instantly to political tension. Gold rises when conflict looms. Oil spikes when instability threatens production. Stock markets collapse on fear, then rebound on reassurance. Volatility is not chaos, it is opportunity. Historically, gold has surged during major geopolitical crises,... [Continue Reading]
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