Strikes

Aeroplane maker said to have watered down plans to restrict working from home to one day a weekAirbus has reportedly bowed to employee demands on remote working, after a series strikes over its chief executive’s return-to-the office orders.The world’s largest aeroplane maker is said to have watered down plans to restrict remote working to one day a week from September. Currently, staff are able to work remotely for two. Continue reading...

US president pivots towards ‘crushing’ economic operation against Iran and its trading partners as military strikes fail to bring Tehran to the tableDonald Trump has announced a new campaign to isolate Iran’s economy, threatening “tremendous economic consequences” on any country that helps or does business with Tehran, a move that could set up a fresh confrontation with China if implemented.“Today, I am announcing the most crushing economic operation ever taken against any country!” Trump wrote on Truth Social. “Any country that allows its financial institutions, businesses, airports, or government entities to provide any type of lifeline to Iran will itself face tremendous economic consequences.” Continue reading...

Foreign minister says Australia is ‘outraged’ after Israeli government decided not to pursue criminal proceedings over 2024 triple drone strike on humanitarian convoyFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralia’s foreign minister has expressed “outrage” and will call in the Israel ambassador over the IDF decision overnight not to open a criminal investigation into Gaza strikes that killed Australian aid worker Zomi Frankcom.In a statement released on Thursday, Penny Wong called the timing of the decision, on World Humanitarian Day, “ especially insulting”. Australia’s ambassador to Israel has been directed to convey the government’s views directly. Continue reading...

• The UN Security Council received updates on Libya's deteriorating situation, characterized by a political impasse that continues to delay long-planned national elections. • Recent escalations include armed clashes and drone strikes that resulted in a major oil refinery being set ablaze, threatening critical infrastructure. • An activist warned the Council that political division and insecurity are colliding with environmental shocks, including extreme heat and water scarcity, to create a severe peace and security crisis.

Two airstrikes reportedly hit homes in Ansar and Deir al-Zahrani with rescue services trying to find survivorsNine people have been killed, including three children, and 11 injured in two Israeli airstrikes on south Lebanon, the worst toll since deals in June brought a lull in hostilities between Israel and Hezbollah.Israeli warplanes bombed a home on the outskirts of the village of Ansar in south Lebanon, killing seven people early on Saturday morning, flattening the home. Rescue services were working at the site to try to find survivors and locate bodies. Continue reading...

Quake hit Indonesia’s Flores region with a depth of 10km early on Saturday morningA powerful 7.7-magnitude quake has struck off the coast of Indonesia, the US Geological Survey said. No immediate casualties or damage were reported.The quake hit Indonesia’s Flores region with a depth of 10km at 5:58am on Saturday Indonesia time. It’s epicentre was 68km (42 miles) north-northwest of the city of Ende in East Nusa Tenggara province. Continue reading...

Kobe, 18, who made discovery on site of former brewery in Sint-Gillis-Dendermonde, at first thought trove was €1 coinsFor a student with a summer job working on a Belgian building site, “money down the drain” has taken on a whole new meaning: excavating the trenches for a sewage system, he stumbled across a hidden trove of gold worth an estimated €9m (£8m).“We suddenly saw something lying there,” 18-year-old Kobe told the Belgian news network VTM. “At first I thought it was €1 coins. So we started digging them up. Then we saw a gold bar. It turned out to be a bit more than we thought.” Continue reading...

Rio Tinto makes power supply deal with federal and NSW government to cut emissions and decarbonise, preventing potential closureFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastResources giant Rio Tinto says Australia’s largest aluminium smelter will run entirely on renewable energy by 2033 after it struck a $2.5bn subsidy deal with the federal and New South Wales governments to prevent a potential closure.The deal – announced by Anthony Albanese and the NSW premier, Chris Minns, at the Tomago smelter near Newcastle on Thursday – is for a 10-year below-market power supply guarantee that begins after the facility’s existing coal-focused electricity contract with AGL ends in December 2028. Continue reading...

Russian attacks on the Ukrainian city of Zaporizhzhia killed at least six people and injured 20, officials saidOvernight Russian attacks on the southeastern Ukrainian city of Zaporizhzhia killed at least six people and injured 20, officials said. Another six people were killed and 16 injured in attacks on Dnipropetrovsk and Donetsk, Reuters reported.Ukraine’s Volodymyr Zelenskyy said Zaporizhzhia “was struck with North Korean ballistic missiles, Zircons, and guided aerial bombs.”“Every step Russia takes – increasing ballistic missile production, bringing in North Korean equipment, preparing for mobilisation – all of this shows that Moscow is preparing not for peace, but for escalation. And the world needs to respond now, not wait.” Continue reading...

• A powerful 7.4 magnitude earthquake struck Colombia, killing at least 111 people and shaking major cities including Bogotá, Cali, and Medellín. • The UN humanitarian agency reports severe infrastructure damage, including 61 collapsed buildings, 77 destroyed homes, and 1,684 damaged residences. • The disaster disrupted critical water and electricity services and forced the total shutdown of five airports and four strategic roads in western Colombia.

Reports of collapsed and severely damaged buildings in several major cities, including Cali and PereiraColombia earthquake live – latest updatesA powerful earthquake has struck western Colombia, with reports of collapsed and severely damaged buildings in major cities including Cali and Pereira.The US and Colombian geological surveys reported that a 7.4 magnitude earthquake had struck at 7.34 am local time (13.34 BST) on Monday, with its epicentre in the western department of Chocó. It was also felt in neighbouring Venezuela. Continue reading...

• Iran-backed Houthi rebels have claimed responsibility for deadly strikes targeting government military camps across two eastern provinces in Yemen. • The attacks signal an escalation in hostilities following a tenuous 2022 truce between the Houthis and the Saudi-led coalition. • This surge in violence is driven by persistent factional rivalries and Houthi efforts to breach a Saudi-led blockade that has worsened the regional humanitarian crisis.

Zelenskyy says military managed to hit two refineries in targeted attacks At least six people were killed and 36 injured in another round of Russian overnight attacks on Ukraine, targeting the eastern city of Balakliia and the northern region of Sumy.But the Ukrainian president, Volodymyr Zelenskyy, noted that Ukraine’s military managed to hit two Russian refineries in targeted attacks, hitting “Russia’s oil revenues, which it uses to finance the war and the killing of Ukrainians.” Continue reading...

Hits on two towns among deadliest bombings since start of June ceasefire An Israeli airstrike in south Lebanon killed one person and injured 11, the Lebanese ministry of health said, in one of Israel’s deadliest bombings since the start of the June ceasefire.Israel carried out an airstrike in the town of Tebnine, hitting a cemetery, the Lebanese health ministry said. It said the town of al-Mansouri, in south Lebanon, was also bombed, forcing families to flee. Continue reading...

• US stock market futures surged, with Dow futures jumping over 680 points alongside rises in the S&P 500 and Nasdaq, following President Trump's decision to halt strikes on Iran. • The move improved investor sentiment and lowered oil prices at the start of the new trading month, though analysts warn that geopolitical uncertainty persists. • Economic focus shifts to July employment data, with expectations of 87,500 nonfarm payrolls added and a slight unemployment rate increase to 4.3%.

Brent crude drops by 5% after US president said talks on Middle East peace deal would resumeBusiness live – latest updatesCrude oil prices fell sharply and European stock markets rallied on Monday after Donald Trump cancelled planned strikes on Iran to focus on negotiations for a peace deal.Brent crude was trading 5% lower at $83.50 a barrel by mid-morning, after falling as low as $81.55 a barrel. US West Texas Intermediate dropped more than $5 to $79.47 a barrel. Continue reading...

• President Trump announced that talks regarding the US-Iran conflict will resume on Monday after he previously called off planned strikes. • Former Palestinian Authority leader Mohammed Dahlan claimed that Jared Kushner is working with Israel to halt attacks on Gaza, though the White House and State Department have not yet commented. • Israeli Energy Minister Eli Cohen contradicted reports of a ceasefire, stating there is no deal to stop attacks and arguing that Israel should take full control of the Gaza Strip, where it already controls 70%.

• A magnitude 5.4 earthquake struck Egypt on August 2, with tremors felt across the border in Israel. • In separate diplomatic developments, Saudi Crown Prince Mohammed bin Salman spoke with US President Donald Trump to emphasize the need for talks to prevent the conflict with Iran from escalating. • The Israeli Navy is scheduled to conduct military drills off the coast, while American Airlines announced it will not resume flights to Israel before March 27.

• Prime Minister Narendra Modi inaugurated the Alluri Sitarama Raju International Airport in Bhogapuram, Andhra Pradesh, on Saturday. • The Greenfield airport was developed via a Public-Private Partnership (PPP) model with a total investment exceeding Rs 5,640 crore. • Designed to enhance regional connectivity, the facility is capable of handling six million passengers annually during its initial phase.

President claims delay is ‘subject to being able to rapidly make a deal’ as intervention by Saudi crown prince is revealed and Iran warns neighboursDonald Trump said on Saturday night that the US would hold off on any new strikes on Iran provided a deal to end the months-long conflict is quickly reached – marking the president’s latest climbdown from extravagant threats to hit the Tehran regime hard.The Saudi crown prince Mohammed bin Salman called Trump on Saturday to express concerns about his strike plans, it was reported. Trump’s reversal also came after Iran threatened to retaliate decisively against its neighbours in the event of US strikes, while Kuwait reported being hit by Iranian drones on Saturday and two ships were attacked off Oman in the strait of Hormuz. Continue reading...

• The U.S. and Israel are planning joint military strikes targeting energy sites in Iran, with bombing operations potentially continuing throughout the weekend. • These plans were discussed during a cabinet meeting at Camp David, where President Trump reportedly ordered fresh strikes to force the Islamic Republic to surrender. • In a separate legal development, a Turkish man was arrested in the UK for allegedly using a sham humanitarian organization to funnel money and supplies to Hamas.

• President Donald Trump has signaled that the U.S. will continue bombing operations in Iran, with officials indicating fresh strikes could occur as early as this weekend. • The decision comes despite increasing domestic pressure within the United States to wind down the ongoing conflict. • Separately, Trump announced a new agreement on Thursday aimed at disarming Hamas in Gaza, sparking intense political reactions in Israel ahead of October elections.

• The Senate Judiciary Committee postponed the vote on Todd Blanche’s nomination for attorney general after two GOP senators withheld support. • The delay stems from concerns over a settlement between Donald Trump and the IRS that provided tax audit immunity and established an “anti-weaponization” fund. • Separately, Iran vowed to "punish" the U.S. following a "heavy wave of strikes" conducted by the American military overnight.

• Iran has claimed responsibility for launching a drone attack on U.S. facilities in Kuwait and striking two tankers in the Strait of Hormuz. • The targeted tankers were reportedly under "aerial escort" from the United States at the time of the strikes. • Separately, an Israeli political source told CBS News that the IDF will not withdraw from the current "yellow line" unless Hamas is completely disarmed.

Energy prices have soared again since fighting between US and Iran resumed two weeks ago as conflict spreads across Middle EastMiddle East crisis live – latest updatesIran said it struck two tankers trying to pass through the strait of Hormuz under the escort of the US military, as Donald Trump gathered his cabinet at to discuss the stalling war and rising prices as midterm election in the US loom.Iran’s Islamic Revolutionary Guard Corps said they had hit two tankers trying to pass through the strait on Friday. Continue reading...

• The Senate Judiciary Committee postponed the vote to advance Todd Blanche's nomination for attorney general due to a lack of written assurances from the Justice Department. • Two Republican senators are seeking specific details regarding a settlement between Donald Trump and the IRS before proceeding with the nomination. • Simultaneously, Iran has vowed to "punish" the United States following a "heavy wave of strikes" conducted by the U.S. military overnight.

• A magnitude 3.8 earthquake struck the Nashik region of Maharashtra, India, according to reports from The Times of India. • Separately, Ukraine has intensified its long-range drone and missile campaign, specifically targeting Russian oil facilities. • Ukraine is utilizing domestically developed weaponry to disrupt Russian energy infrastructure and economic capabilities.

The Federal Reserve voted to hold its key interest rate steady, sending stocks tumbling, as US claimed to hit ‘dozens’ of Iranian targets. Plus the origins of Coca-Cola may have been found … in ItalyGood morning. US government borrowing costs have hit their highest level since 2007 after the Federal Reserve voted to hold its key interest rate steady, feeding fears that the central bank may not move fast enough to tame a rise in inflation. Kevin Warsh, the Fed chair, said the bank would “not waver” in its commitment to tackling rising prices.The decision to leave rates on hold has spooked investors, who are worried about the US economy’s ability to absorb a rise inflation, triggered by Donald Trump’s war in Iran. US inflation cooled to an annual rate of 3.5% in June after Washington and Tehran agreed a brief ceasefire – but this has since ended. US stocks fell sharply on Wednesday, with the blue chip S&P 500 index closing down 1.5%. The Dow Jones industrial average fell 2.2% and the tech-heavy Nasdaq was down 1.7%. Continue reading...