G7 to exempt US multinationals from global minimum tax
The deal will see US companies benefit from a "side-by-side" solution under which they will only be taxed at home, on both domestic and foreign profits, the G7 said in a statement released by Canada, which holds the group's rotating presidency.
UN ‘alarmed’ by US strikes in Yemen that Huthis say killed 68 migrants
The United Nations expressed deep alarm on Monday at reports that US strikes on Yemen killed scores of people at a migrant detention centre in a stronghold of the Huthi rebels.Iran, US discuss nuclear deal in third round of talks
Muscat, Oman - The United States and Iran went into detail about a potential nuclear deal Saturday at their third consecutive round of talks, hoping to strike an accord that would ease regional tensions. US special envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi again led the talks, which...Gold hits record, dollar drops as tariff fears dampen sentiment
With several markets still closed for the Easter holiday, business was limited ahead of a week that will see the release of key data that should give an insight into the impact of the US president's trade war. Several nations have moved to cut a deal with Washington to stem...US Supreme Court intervenes to pause Trump deportations
Washington, United States - The US Supreme Court, in a dramatic nighttime intervention Saturday, paused President Donald Trump's unprecedented use of an obscure law to deport Venezuelan migrants without due process. The emergency ruling, delivered in two terse paragraphs, noted that two of the most conservative of the nine justices...Saudi Arabia’s merchandise imports rise 8 percent to $19.34bn in Jan
Riyadh, Saudi Arabia -- Saudi Arabia’s merchandise imports increased 8 percent year-on-year (YoY) to SAR 72.6 billion ($19.34 billion) in January, according to data issued by the General Authority for Statistics (GASTAT). Meanwhile, merchandise imports fell by 8 percent, or nearly SAR 6.4 billion, month-on-month (MoM). Machinery and mechanical appliances,...Iran’s top diplomat to visit Russia after US nuclear talks
Iran's foreign minister is to visit ally Russia this week to discuss nuclear negotiations with the United States, ahead of a new round of talks planned between the foes.US exempts several consumer electronics from Trump’s import tariffs
Washington, United States -- The Trump administration has exempted a raft of consumer electronics from its punishing import tariffs -- offering relief to US tech firms and partially dialling down a trade war with China. A notice late Friday by the US Customs and Border Protection office said smartphones, laptops,...Accord reached ‘in principle’ over tackling future pandemics: negotiating body
WHO members on Saturday reached agreement over how to tackle future pandemics after three years of discussions, the co-chair of the negotiating body told AFP.Trump warns of military option; Iran threatens to end UN nuclear inspections before Oman talks
Last month, Trump sent a letter to Khamenei, who has the final say in matters of state in Iran, calling for direct negotiations but warning of military action if the diplomacy fails.Zelensky slams US lack of response to Putin truce rejection
Ukrainian President Volodymyr Zelensky on Sunday lamented the lack of a US response to Russia's refusal to sign "a full, unconditional ceasefire" as two people were killed in Moscow's latest aerial bombardment.Tens of thousands march in US against Trump ‘devastation’
Opponents of the Republican president's policies -- from government staffing cuts to trade tariffs and eroding civil liberties -- rallied in Washington, New York, Houston, Florida, Colorado and Los Angeles, among other locations. "I am so angry, I'm so mad, all the time, yes. A bunch of privileged, white alleged...TikTok’s US future uncertain
It must find non-Chinese owner to avoid ban.Military confrontation ‘almost inevitable’ if Iran nuclear talks fail, says French foreign minister
Western countries including the United States have long accused Iran of pursuing a nuclear weapon, which Tehran has denied, insisting that its enrichment activities are solely for peaceful purposes.Trump admin sent journalist classified US plan for Yemen strikes
A US journalist was inadvertently included in a group chat in which Defense Secretary Pete Hegseth, Vice President JD Vance and other top officials discussed upcoming strikes against Yemen's Huthi rebels, the White House confirmed Monday.US, Russia negotiations on partial Ukraine ceasefire end after 12 hours in Saudi Arabia
The US-Ukraine and US-Russia talks were originally planned to take place simultaneously to enable shuttle diplomacy, with the United States going back and forth between the delegations, but they are now taking place one after the other.Perplexity eyes TikTok buy
TikTok faces a deadline to divest from its Chinese owner or be banned in the US.Russia hopes for ‘progress’ at upcoming Saudi talks: negotiator
Moscow has rejected a joint US-Ukraine proposal of a full and unconditional 30-day ceasefire, instead suggesting just to halt aerial strikes on energy facilities. Despite that offer, both sides have continued to launch aerial attacks in the run-up to the negotiations.Russia to hold talks with US in Riyadh Monday: Kremlin
Donald Trump spoke to both Russia's Vladimir Putin and Ukraine's Volodymyr Zelensky this week and the US is also due to hold talks with Kyiv in the coming days. "These consultations will take place on Monday, March 24th, in Riyadh," Ushakov said Thursday in comments published by the Kremlin.OECD lowers global growth projections over tariffs, uncertainty
"We are navigating troubled waters," said the OECD's chief economist Alvaro Santos Pereira as he summed up the world's economic situation in the coming months, with inflation set to rise. US President Donald Trump's return to the White House is in part responsible for the coming turbulence, the OECD said...Putin tells Ukraine troops in Russian region to ‘surrender’, amid efforts for a ceasefire
Russia has mounted a rapid counteroffensive in the western border region of Kursk over the past week, recapturing much of the territory Ukraine seized in a shock incursion last August.Hamas says ready to free Israeli-US hostage, remains of 4 others
During the initial six-week phase of the ceasefire, Hamas released 33 hostages, including eight who were deceased, in exchange for about 1,800 Palestinians captive in Israeli prisons. Hamas also released five Thai captives outside the accord.Egypt, Jordan, Hamas, PLO hail Trump remarks on not ‘expelling’ Palestinians from Gaza
It was not immediately clear whether Trump's comments signalled further backtracking from his widely criticised proposal to take over the Palestinian territory, displacing its population to neighbouring countries.Arab ministers, US envoy discuss Gaza reconstruction amid ongoing ceasefire talks in Qatar
The plan by Muslim-majority nations has been rejected by both Israel and its key ally the United States, but has been endorsed by Britain, France, Germany and Italy.Ukraine to propose sky, sea truce at US talks in Saudi: official
The talks on Tuesday will be the first Ukraine-US meeting since a White House blow-up between Zelensky and US President Donald Trump that led to Washington halting military aid to Kyiv. "We do have a proposal for a ceasefire in the sky and ceasefire at sea," the official told AFP.Ukraine, US delegations to meet in Jeddah next week: Saudi
Riyadh, Saudi Arabia -- Saudi Arabia on Friday welcomed a meeting between the United States and Ukraine due next week in Jeddah, describing it as part of the kingdom's efforts "to end the Ukrainian crisis". Ukrainian President Volodymyr Zelensky had announced he would travel to Saudi Arabia on Monday to...Trump orders pause to Ukraine aid: White House official
President Donald Trump suspended military aid to Ukraine on Monday, a US official told AFP, sharply escalating pressure on Kyiv to agree to peace negotiations with Russia. The move comes just days after a stunning public clash at the White House between Ukrainian President Volodymyr Zelensky and Trump, who is...Two lunar landings in a week for NASA’s private Moon fleet
Washington, United States -- More than fifty years passed between the last Apollo mission and the United States' return to the lunar surface, when the first-ever private lander touched down last February. Now, starting Sunday, two more missions are set to follow within a single week, marking a bold push...Microsoft retires Skype, the online voice and video call pioneer
San Francisco, United States - Microsoft on Friday announced it was retiring Skype, the online voice and video call pioneer that the tech titan acquired in 2011. "Starting in May 2025, Skype will no longer be available," said a post from Skype support on X, directing users to sign into...US, Russia to appoint negotiators for Ukraine talks; Kyiv protests exclusion, Europe awaits role
Washington noted European nations would have to have a seat at the negotiating table "at some point", following the first high-level official Washington-Moscow talks since the 2022 invasion of Ukraine.Iran ready to negotiate with US but not under ‘maximum pressure’: minister
In 2015, Iran struck a landmark deal with the United States, France, Germany, Britain, China and Russia to regulate its nuclear programme in return for the easing of international sanctions. However, in 2018, during his first term, Trump unilaterally withdrew the United States from the agreement and reinstated heavy sanctions...Trump condemned for ICC sanctions over Israel, US probes
The United Nations and the European Union also urged Trump on Friday to reverse the decision ordering asset freezes and travel bans against ICC officials, employees and their family members, along with anyone deemed to have helped the court's investigations.Trump doubles down on Gaza shock plan, says Israel will turn over the territory to US
Trump said that by the time of the handover, Palestinians "would have already been resettled in far safer and more beautiful communities". Israel's defense minister meanwhile ordered the army to prepare for "voluntary" departures from Gaza, following Trump's remarks.Ceasefire agreement between Israel and Hamas goes into effect, marking first steps toward peace
As the first phase of the ceasefire takes effect, the world watches to see whether this temporary reprieve will be the first step toward lasting peace or whether the violence will soon resume.UAE discusses temporary Gaza governance with US, Israel, seeks two-state solution assurance: report
Discussions led by the UAE include provisional administration, PA leadership overhaul, and Gaza reconstruction, requiring extensive international cooperation and adherence to a two-state solution framework.In a change of tone, Syria’s new leader urges US to pressure Israel for withdrawal
Julani’s appeal comes as Syria signals a shift in its diplomatic tone. Maher Marwan, Damascus’ new governor, told NPR that Syria seeks peace and harbors no hostility toward Israel or any other nation. “We have no plans to interfere with anything that could undermine Israel’s safety. Our people yearn for...US proposes $8B arms deal with Israel; Biden plans strikes on Houthis as Gaza aid faces Trump-era cuts
The US proposes an $8 billion arms deal with Israel, plans intensified strikes on Yemen's Houthis, while Israel considers cutting Gaza aid following President-elect Trump’s inauguration, signaling shifting Middle East dynamics.Post-Assad Syria seeks peace; Erdogan pushes anti-terror agenda, US warns on Kurdish conflict
Barbara Leaf, Washington's top diplomat for the Middle East, told Syria's new leader Ahmed al-Sharaa of the "critical need to ensure terrorist groups cannot pose a threat inside of Syria or externally, including to the US and our partners in the region."UAE says will not arm Sudan paramilitary RSF: White House
Washington, United States -- The United Arab Emirates has informed the United States that it will not arm paramilitaries in Sudan's brutal civil war, US lawmakers long critical of the Gulf power's role quoted the White House as saying on Thursday.The assurance came as the United States announced $200 million in...Biden cancels $4.28 bn more in student debt before leaving office
Washington, United States -- US President Joe Biden said Friday he was canceling student loans for an additional 55,000 Americans, which would amount to wiping out $4.28 billion in debt in his final month in office.The mass cancellation of debt is for "teachers, nurses, service members, law enforcement officials, and other...US stocks mostly rise ahead of expected rate cut, bitcoin hits new record
The Fed is widely expected to cut its key lending rate for a third straight time, reducing it by a quarter point despite a recent uptick in inflation. But there are fears it will have to slow its pace of easing next year owing to sticky inflation and bets that...US Federal Reserve expected to cut rates in last meeting of Biden era
Washington, United States -- The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on Wednesday despite a recent uptick in inflation, in the central bank's last meeting of Joe Biden's presidency.The Fed is also tipped to signal a slower path of cuts...OPEC+ expected to extend oil supply cuts to avoid drop in prices
Without a new agreement, the eight countries which have been making voluntary additional production cuts of 2.2 million barrels per day are currently set to begin increasing production beginning in January to gradually return it to 2022 levels.Iran says ready to study any Syrian request for troops
Tehran, Iran - Iran will consider any request from its Syrian ally for troops to help tackle a sweeping rebel offensive in the north, Foreign Minister Abbas Araghchi said on Tuesday."If the Syrian government asks us to send forces to Syria, we will study their request," Araghchi said in an excerpt...Adani Group says it lost nearly $55 billion as US bribery charges sparked rout
The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading international investors as part of a bribery scheme.Adani Group tanks after US bribery charges
India's opposition leader demands Gautam Adani's arrest; Kenya scraps airport, power deals with the Group that has significant investments in the Middle East.US vetoes Gaza ceasefire call at UN
The resolution demanded "an immediate, unconditional and permanent ceasefire" in the war between Israel and the Palestinian group, along with "the immediate and unconditional release of all hostages."With Trump’s presidency, expect pro-Israel policies to replace Biden’s nuanced approach in Middle East relations
Trump’s return could shift US policy on Israel, with his Republican Party's pro-Israel stance and his preference for "America First" potentially altering military and diplomatic strategies.B-52 bombers arrive in Middle East: US military
Washington, United States -- American B-52 bombers have arrived in the Middle East, the US military said Saturday, a day after Washington announced their deployment in a warning to Iran."B-52 Stratofortress strategic bombers from Minot Air Force Base's 5th Bomb Wing arrived in the US Central Command area of responsibility," the...Israel, US envoys discuss possible ceasefire amid rising casualties in Lebanon conflict
With US mediation, a ceasefire proposal emerges for both Gaza and Lebanon, balancing Israel's security demands and Lebanon’s need for Hezbollah de-escalation and a potential truce with Hamas.Saudi, US FM says could move ‘quite quickly’ on some deals with US
Since last year Saudi Arabia has been bargaining hard for a defense pact with the United States as well as assistance with a civilian nuclear program. As part of that deal the Gulf kingdom, home to the holiest shrines in Islam, would recognize Israel for the first time.