US allows Venezuela to begin debt restructuring process
The United States has allowed Venezuela to begin a debt restructuring process as the country seeks to stabilise its economy.The move comes as Venezuela faces about $60 billion in defaulted bonds, according to the supplied report.The decision is significant because it opens a path for talks over obligations that have remained unresolved for years.It also comes at a time when Venezuela is trying to address wider economic pressures.Debt restructuring can affect how a country manages repayments, negotiates with creditors and restores access to financial markets.In Venezuela's case, the scale of the defaulted bonds makes the process potentially important for its... [Continue Reading]
360LiveNews | 06 May 2026 00:01 LONDON
Trump downplays economic effects of Iran war at White House event
Donald Trump used a White House event for Small Business Week to present the US economy in upbeat terms, describing it as "roaring" and saying gas prices would go down soon.The remarks came as he addressed the economic backdrop of the Iran war, but the supplied material does not include any new policy announcement or specific economic measures.The comments are notable because they frame the conflict's economic impact in political messaging terms rather than as an immediate domestic crisis.They also suggest the White House is seeking to reassure businesses and consumers about prices.The event was held at the White House... [Continue Reading]
360LiveNews | 05 May 2026 03:32 LONDON
Trump endorses Dan Patrick, signaling continued Texas GOP alignment and border-focused agenda
President Donald Trump made multiple posts on Truth Social in the last hour: - "Greg Abbott is the strong and highly respected Governor of Texas, a State I love and WON BIG three times, including with 6.4 Million Votes in 2024 (The most Votes in History, BY FAR)! Thanks to Greg's bold and effective Leadership, the wonderful people of Texas will have the opportunity to elect 5 new MAGA Republicans in the 2026 Midterm Elections with the passage of their new, fair, and much improved, Congressional Map, A BIG WIN for Republicans in The Lone Star State, and across the... [Continue Reading]
Breaking-360LiveNews | 04 May 2026 20:00 LONDON
Trump says U.S. will escort neutral ships out of Strait of Hormuz as Iran talks continue
President Donald Trump made multiple posts on Truth Social in the last hour: - "Countries from all over the World, almost all of which are not involved in the Middle Eastern dispute going on so visibly, and violently, for all to see, have asked the United States if we could help free up their Ships, which are locked up in the Strait of Hormuz, on something which they have absolutely nothing to do with, They are merely neutral and innocent bystanders! For the good of Iran, the Middle East, and the United States, we have told these Countries that we... [Continue Reading]
Breaking-360LiveNews | 03 May 2026 22:00 LONDON
European Central Bank holds interest rates amid inflation surge
The European Central Bank (ECB) decided to keep its main interest rates unchanged on 30 April 2026 despite a rise in inflation across the Eurozone.Headline inflation increased to 3% in April, driven primarily by a sharp jump in energy prices.Energy inflation alone rose by 10.9% in April, contributing significantly to the overall inflation figure.However, the ECB's governing council opted against raising borrowing costs due to concerns that higher rates could further weaken economic growth.ECB President Christine Lagarde explained that the ongoing conflict is weighing on economic activity, with high energy costs reducing household and business incomes, leading to lower consumption... [Continue Reading]
360LiveNews | 30 Apr 2026 17:03 LONDON
US economy grows 2% in Q1 2026 amid Iran war clouds
The United States economy expanded at a 2 percent annual rate in the first quarter of 2026 despite emerging uncertainties linked to the ongoing war in Iran.Official data released by the Commerce Department showed a rebound from the previous quarter's modest 0.5 percent growth.Government spending and investment surged by 9.3 percent, contributing significantly to the overall growth.Business investment also rose sharply by 8.7 percent, likely driven by increased spending on artificial intelligence technologies.Consumer spending, which accounts for about 70 percent of US economic activity, slowed to 1.6 percent growth compared to 1.9 percent in the last quarter of 2025.The housing... [Continue Reading]
360LiveNews | 30 Apr 2026 15:33 LONDON
China bans drone sales and tightens regulations in Beijing
China will ban the sale, rental, and import of drones and key components in Beijing starting Friday under new regulations.Drone owners in the capital are now required to register their devices with the police.Additionally, all outdoor drone flights in Beijing will require prior approval, and users must complete online training and pass a test on drone regulations before flying.The new rules prohibit the sale, rental, and import of drones and related parts within Beijing.Drone owners must register their devices and obtain permits for flights.If drones are sent out of the city for repair, owners must collect them in person rather... [Continue Reading]
360LiveNews | 30 Apr 2026 08:02 LONDON
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]
360LiveNews-Opinion | 29 Apr 2026 21:40 LONDON
US extends blockade of Iranian ports amid Middle East war
The United States has announced plans to extend its blockade of Iranian ports amid ongoing conflict in the Middle East.President Donald Trump stated that Iran has been "militarily defeated" and has instructed aides to prepare for a prolonged blockade, aiming to further restrict Iran's oil exports and economic activities.This development was confirmed during a state dinner at the White House attended by Britain's King Charles III and other dignitaries.Trump emphasized that the US will continue to prevent shipping to and from Iranian ports, maintaining pressure on Iran's economy.The blockade extension has contributed to a surge in oil prices, with Brent... [Continue Reading]
360LiveNews | 29 Apr 2026 05:00 LONDON
