360LiveNews Noontime News: Russia claims huge drone intercepts as Asia stocks slide and Heathrow warns on traffic
Russia said it intercepted 660 Ukrainian drones overnight, one of the largest cross border attacks it has reported since the full scale war began, with damage also reported in the Tula region. 🔗In the Middle East, Saudi Aramco resumed crude loading at its Ras Tanura terminal on Saudi Arabia's Gulf coast after nearly four months of disruption, a sign that exports from the key facility are back under way. 🔗 The International Atomic Energy Agency's Rafael Grossi said Iran will need a very advanced verification system once the war ends to ensure its nuclear programme is properly monitored. 🔗North Korea... [Continue Reading]
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EU proposes extending temporary protection for Ukrainians while excluding new military-age men
The European Commission has proposed extending temporary protection for Ukrainians already living in the European Union until March 2028, while stopping the scheme from covering newly arriving military-age men. The move would affect the bloc's response to people fleeing Russia's war in Ukraine, which has continued for a fifth year. It would still allow those excluded from temporary protection to seek asylum under existing rules.The proposal was announced in Brussels by the EU's internal affairs chief, Magnus Brunner, who said the change follows a request from Kyiv. He said the plan means temporary protection should not be granted to newly... [Continue Reading]
360LiveNews Breakfast News: Venezuela quake toll climbs as Gulf tensions, storms and markets jolt the day
Venezuela is reeling after two major earthquakes struck the north and west of the country, with the death toll rising from 188 to at least 235 and more than 1,500 people injured as rescuers searched for survivors in collapsed buildings. Damage estimates are already running into the billions of dollars, adding to the scale of the disaster. 🔗 🔗Officials said the quakes near Caracas left nearly 190 people dead and thousands homeless, with emergency crews still racing to pull people from the rubble. The reports point to a widening humanitarian crisis as reconstruction costs mount and the full extent of... [Continue Reading]
Europe opens mixed as FTSE 100 jumps, metals and oil slide, and crypto extends its selloff
Executive summary: European markets opened with a split tone, led by a strong FTSE 100 advance while the DAX was little changed and the Euro Stoxx 50 slipped. The biggest moves were in commodities and crypto, where gold, silver, platinum, palladium, Brent crude and Ether all fell sharply. Natural gas was the main notable riser. The price action points to a market still adjusting to lower oil, softer precious metals and a firmer dollar backdrop, even as some European equity benchmarks hold up. [Continue Reading]
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Tokyo and Asia-Pacific markets slide as Nikkei, Kospi and Hang Seng lead broad risk-off move
Executive summary: Asia-Pacific equities closed sharply lower in Tokyo trading, with the Nikkei 225, Kospi and Hang Seng all posting heavy losses. Gold, silver, platinum and palladium also fell, while WTI crude weakened and natural gas rose. The move points to a broad de-risking across equities and commodities, with the yen and yuan little changed against the dollar. [Continue Reading]
360LiveNews Day Recap News: Venezuela quake toll climbs as Middle East tensions and Europe heat intensify
Venezuela has declared a state of emergency after twin earthquakes collapsed buildings in Caracas and other cities, with the death toll rising to at least 164 as rescue teams searched through rubble and international help began to arrive. France said it would send 85 search and rescue specialists, while other European governments also moved to assist. 🔗 🔗In the Middle East, violence continued in southern Lebanon despite Washington talks, after Israeli strikes killed three people and wounded one other in an attack on a car. At the same time, Israel said it would keep troops in southern Lebanon until Hezbollah... [Continue Reading]
Zimbabwe Senate approves constitutional amendment extending Mnangagwa's term until 2030 amid backlash
Zimbabwe's Senate has approved a constitutional amendment that would keep President Emmerson Mnangagwa in office until 2030. The vote took place on Wednesday and passed by 75 votes to four, according to Senate President Mabel Chinomona. The measure now needs Mnangagwa's signature before it can become law.The amendment is part of a wider package of changes that would extend presidential and parliamentary terms from five years to seven years. It would also allow the president to be elected by parliament rather than by direct popular vote. The bill had already passed the National Assembly last week, where 216 lawmakers voted... [Continue Reading]
Europe closes lower as metals, oil and crypto slide, while dollar strength weighs on FX and equities
Executive summary: European markets ended lower, with the Euro Stoxx 50, DAX, CAC 40 and FTSE 100 all in the red. The sharpest moves came in commodities and crypto, where silver, gold, platinum, palladium, Brent crude and Ether all fell hard. The dollar also strengthened against the euro and pound, adding pressure to risk assets and exporters. [Continue Reading]
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Tamil Nadu takes Karthigai Deepam hilltop lamp dispute to Supreme Court
Tamil Nadu has moved the Supreme Court in a fresh legal challenge over the lighting of the Karthigai Deepam at Thirupparankundram Hill in the state's south. The dispute centres on a stone pillar known as the Deepathoon, located near the Sikandar Badusha Dargah, and has become the latest flashpoint in a long-running religious and property rights row. The state's petition follows a Madras High Court ruling that allowed the ceremonial lamp to be lit at the site during the annual festival.Court records show the state filed its appeal on 11 June through counsel B Karunakaran. The challenge is directed against... [Continue Reading]
Japan announces fivefold increase in visa and residency charges from July 1
Japan has announced a sharp rise in visa and residency-related charges for foreign nationals, with the new fees due to take effect on July 1. The move will raise the cost of single-entry and multi-entry visas, as well as several residency-related applications, in what officials describe as the first revision of this kind since 1978. The policy change is expected to affect travellers, long-term residents and applicants for permanent residence.Under the new schedule, the fee for a single-entry visa will increase from 1,755.27 rupees to 8,776.36 rupees. Multi-entry visa fees will rise from 3,509.50 rupees to 17,547.49 rupees. The statutory... [Continue Reading]
Australia signs $2.5bn over-the-horizon radar export deal with Canada
Australia has signed a $2.5 billion deal to sell Canada an over-the-horizon radar system, in what is being described as the country's most valuable defence export ever. The system will be used to help Canada monitor the Arctic, extending a technology modelled on Australia's Jindalee Operational Radar Network, or JORN. The agreement marks the first time Australia has sold the technology abroad.The deal was announced on 22 June and follows a March commitment by Canadian Prime Minister Mark Carney to spend billions on the project. Canada's secretary for defence procurement, Stephen Fuhr, said the agreement represented a significant shift in... [Continue Reading]
United States and Iran sign 14-point truce memorandum as nuclear terms remain unresolved
The United States and Iran have signed an initial 14-point memorandum of understanding that sets out a ceasefire window and leaves the nuclear question as the main unresolved issue. The document was signed this week and is described as an initial peace agreement rather than a final settlement. It gives both sides 60 days to negotiate the remaining details, with the possibility of extending that period by another 60 days if no deal is reached.According to the row, the memorandum includes guarantees that Tehran will never obtain nuclear weapons, the suspension of US sanctions against Iran, and financial compensation for... [Continue Reading]
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