Russia’s Vladimir Putin and China’s Xi Jinping began talks Monday in Kyrgyzstan, where a dozen other heads of state also gathered for a two-day summit of the Shanghai Cooperation Organisation (SCO), which seeks to be a counterbalance to the West. Iran’s leader Masoud Pezeshkian, Turkey’s Recep Tayyip Erdogan, India’s Narendra Modi and Pakistan’s Shehbaz Sharif […]
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Shein valued at $26.3 bn in Hong Kong market debut
Fast-fashion giant Shein raised $1.7 billion in its long-awaited Hong Kong initial public offering, valuing the online retailer at around $26.3 billion, the company said Monday. Known for its ultra-low prices and rapidly produced clothes, the Chinese-founded behemoth’s stock sale in the Asian financial hub comes after IPO plans for New York and London were derailed […]
Crude prices rise above $90 per barrel on US-Iran strikes
Oil prices jumped more than two percent 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 last […]
Tribunal says India cannot withdraw from water treaty with Pakistan
An international tribunal ordered India on Monday to “observe its obligations” under a treaty with Pakistan on the sharing of the Indus and other rivers, which the New Delhi government sought to suspend. The Permanent Court of Arbitration, based in The Hague in the Netherlands, also made an order “prohibiting” India from carrying out works […]
Turkey says regional defence pact not against any country
Turkey’s top diplomat stressed Monday the regional defence pact with Pakistan and Saudi Arabia was not aimed at any particular country and open to others, including Egypt. Foreign Minister Hakan Fidan’s remarks came after the first ministerial meeting of the Mecca Joint Defence Agreement which commits Turkey, Pakistan and Saudi Arabia to mutual defence in […]
Trump vows to hit back ‘hard’ after first exchange of fire with Iran in weeks
Donald Trump threatened to hit Iran “hard” after the two foes traded fire for the first time in over a month, while Iran’s president warned that more fighting with the US was not in his country’s interest. After six months of war, the foes remain at an impasse, with Iran keeping the strategic Strait of […]
President says more war not in Iran’s interest after fighting flares
Iran’s president said Monday that more war with the United States was not in his country’s interest after the two sides traded fire for the first time in over a month. Tehran attacked US military targets in the Middle East in retaliation for American strikes on an island in the Strait of Hormuz, raising fears […]
Putin, Xi, Iran’s Pezeshkian in Kyrgyzstan for summit
The leaders of Russia, China, Turkey, India and Iran were in Kyrgyzstan Monday for a two-day summit of the Shanghai Cooperation Organisation (SCO), which seeks to be a counterbalance to the West. The regional SCO bloc — which brings together Russia, China, India, Pakistan, Iran, four central Asian countries and Belarus — is celebrating its 25-year […]
Swollen rivers, washed-out roads hamper Nepal rescue effort
Nepali rescue teams battled difficult terrain, an unpredictable river and treacherous marshland on Monday, the sixth day in their search for survivors and victims of devastating floods. The catastrophic flooding has killed more than 900 people, while the number of people unaccounted for has also risen, reaching more than 4,793 on Monday.”There are too many […]