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News
Iran and UAE back joint BRICS statement urging restraint in war
21+ hour, 6+ min ago (558+ words) NEW DELHI: Iran and the United Arab Emirates signed up to a joint statement from the BRICS group of nations that called for restraint in the Middle East war on Saturday (Sep 12), in what was seen as a sign of…...
Wall Street jumps, oil lower ahead of Fed vote next week
1+ day, 15+ hour ago (428+ words) WASHINGTON, Sept 11: Wall Street ticked up on Friday after a volatile, mostly down week and oil prices dipped after a week-long surge in which Gulf tensions and inflation concerns weighed on markets. Oil prices retreated from a four-month high on…...
BRICS agrees to joint declaration in test of unity despite Mideast tensions
21+ hour, 6+ min ago (321+ words) NEW DELHI: The BRICS group of emerging economies has agreed on a joint declaration, sources told Reuters on Saturday (Sep 12), a significant diplomatic breakthrough as its leaders began summit tal...
Saudi Arabia shuts down pipeline as Houthis seize island, opening new front in Iran war
1+ day, 13+ hour ago (1132+ words) Saudi Arabia shut down the East-West pipeline after it was attacked by drones, calling it "a precautionary measure". CAIRO: Saudi Arabia said on Friday (Sep 12) it shut down a major pipeline a day after it was attacked by drones, and…...
South Korean, Iranian FMs discuss Hormuz as Houthis reach strategic island in Bab el-Mandeb Strait
1+ day, 18+ hour ago (106+ words) Top diplomats from South Korea and Iran have held a phone call, spelling out concerns on developments in the Strait of Hormuz, South Korea confirmed an exchange between Foreign Affairs Minister Cho Hyun and his Iranian counterpart Abbas Araghchi had…...
Israel says ready for more strikes on Hezbollah after tunnel detonation
2+ day, 3+ hour ago (486+ words) A satellite image shows damage at the Ali al-Taher ridge near Nabatiah, Lebanon, on Mar 8, 2026. (Image: 2026 Planet Labs PBC/Handout via REUTERS) JERUSALEM: Israel said on Friday (Sep 11) that it was prepared for more strikes on Hezbollah after demolishing tunnels…...
US slaps new sanctions on networks aiding Iran's proxies in Middle East
2+ day, 7+ hour ago (325+ words) “Whether they finance terror, launder money, or help Iran evade sanctions, we will find them,” Treasury Secretary Scott Bessent says as the US widens its crackdown. WASHINGTON: The US government announced new sanctions on Thursday (Sep 10) against firms and individuals…...
Surging oil prices, higher bond yields weigh on stocks
2+ day, 10+ hour ago (578+ words) An oil pump jack pumps oil in a field near Calgary, Alberta, July 21, 2014. Pump jacks are used to pump crude oil out of the ground after an oil well has been drilled. REUTERS/Todd Korol NEW YORK: Oil prices surged…...
Commentary: The end of the ‘win-win’ era
2+ day, 10+ hour ago (766+ words) In these zero-sum times, the sunny optimism of the post-cold war phrase seems a quaint and distant memory, says Leo Lewis for the Financial Times. U.S. President Donald Trump speaks at the Republican National Midterm Convention in Dallas, Texas, U.S., September 9, 2026. REUTERS…...
Trading Day: Inflation palpitations
2+ day, 11+ hour ago (524+ words) In my column today, I look ahead to Friday's U.S. CPI inflation report, and specifically the importance it has assumed. If it is "hot", the Fed will almost certainly raise rates next week. But how have we got to a place…...