Middle East war a boon for UAE defence giant with global ambitions

In the heart of the Abu Dhabi desert, workers toil inside warehouses assembling drones and missiles for the UAE’s Edge group, riding high on a wave of new demand for its weapons battle-tested by the Middle East war. Throughout six months of US-Iran conflict, nearly 3,000 missiles and drones targeted the UAE, denting its image […]

US draws European pushback with Russia G20 finance invite

Russia’s attendance at the opening of US-hosted G20 finance meetings sparked European pushback on Monday, adding a surprise element to talks already clouded by the Iran war and President Donald Trump’s trade policies. Russian finance minister Anton Siluanov made an unexpected appearance as talks opened Monday, and he held a meeting with US Treasury Secretary […]

US Supreme Court allows Trump ballroom project to proceed

The US Supreme Court on Monday allowed President Donald Trump to continue construction of his White House ballroom, granting him a major victory as he works to leave a permanent mark on Washington. The conservative-dominated court ruled 5-4 to lift a lower order demanding most construction be halted, saying that the plaintiff in the case […]

Trump says US reviewing position on Falkland Islands

President Donald Trump said Monday that the United States is reviewing its position on the Falkland Islands, after reports that Washington threatened to oppose Britain’s sovereignty if it does not increase defense spending. The proposal concerning the South Atlantic archipelago, over which Britain and Argentina went to war in 1982, was among measures being drawn […]

Oil prices surge on renewed fighting in US-Iran war

Oil prices jumped more than two percent on Monday, with the Brent international benchmark rising above $90 a barrel after a fresh flare-up in the US-Iran war. In equity trading, Wall Street and Europe’s main markets dipped as investors continued to react to  hawkish comments from Federal Reserve chief Kevin Warsh. After a run lower for most of […]

Russian finance minister makes unexpected appearance at G20

Russia’s finance minister Anton Siluanov made an unexpected appearance at the US-hosted G20 finance leaders’ talks Monday, and his physical attendance of the gathering after Moscow’s 2022 invasion of Ukraine has drawn ire. On Monday morning, Siluanov also met with US Treasury Secretary Scott Bessent, the Treasury Department said. Finance ministers and central bank governors […]

Nepal toll surges as rescuers struggle through ‘unimaginable’ disaster

Rescuers struggled on Monday through mud and debris for a sixth day, as the number of missing people soared to nearly 4,500 since tsunami-like glacial floods roared down from the China-Nepal border, creating an “unimaginable” disaster. The latest confirmed death toll surged above 900, with unidentified bodies buried in mass graves after DNA sampling. The […]

Galliano pulls Met Gala exhibit after antisemitism backlash

Top fashion designer John Galliano announced Monday he was cancelling an exhibition of his work that was to kick off New York’s Met Gala next spring, following criticism from donors and political leaders over his past antisemitic remarks.”After much reflection and discussion with all those involved, I have decided, with great sadness, that it is […]

Trump says AI data center opponents want to be ‘backwards and poor’

US President Donald Trump on Monday attacked opponents of artificial intelligence data centers, saying they would end up “backwards and poor” and were helping rival China. A backlash against the energy-guzzling centers has become a surprise issue in November’s US midterm elections, with Trump at odds with many Republicans. Polls show a majority of Americans […]