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    South Korean President apologises for martial law, but doesn't resign

    South Korean President Yoon Suk Yeol on Saturday apologised for his attempt to impose martial law this week but did not resign, defying intense pressure to step down even from some in his ruling party

    Southeast Asia
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    Trump threatens 100% tariff on BRICS members if they dump dollar

    US President-elect Donald Trump warned BRICS — a China- and Russia-backed group of emerging economies — against any move to replace the US dollar threatening 100% tariffs if they fail to give any commitment.

    Business
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    Indian Economy In 'Sweet Spot', Says Moody's, Forecasts 7.2% Growth In 2024

    Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation, Moody's Ratings said, forecasting a 7.2 per cent GDP growth in the 2024 calendar year and 6.6 per cent in the next.

    Business
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    Vistara Bids Goodbye, Ends 9 Year Long Flight

    Vistara — a joint venture between​ Tatas and​ Singapore Airlines— has now merged with​ Air India, creating an enlarged entity that is now the country’s largest international carrier.

    Business
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    Israel, Turkey Restore Full Diplomatic Ties

    Prime Minister Yair Lapid and Turkish President Recep Tayyip Erdogan spoke on Wednesday and agreed on reinstating their respective ambassadors and general consuls, thus restoring full diplomatic ties.

    West Asia
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    Liz Truss Leads Race To Become Britain's Next PM: Poll Of Party Members

    Britain's Foreign Secretary Liz Truss is 22 percentage points ahead of her rival Rishi Sunak in the contest to become the country's next prime minister, a poll of Conservative Party members by Opinium Research showed.

    World
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    Russia Launches Iran Satellite, Stokes Ukraine Surveillance Concerns

    An Iranian satellite launched by Russia blasted off from Kazakhstan Tuesday and reached orbit amid controversy that Moscow might use it to boost its surveillance of military targets in Ukraine.

    Technology
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    Explosive Situation In Gaza Following Friday’s Bloodbath

    Israeli jets have pounded the besieged Gaza Strip for a second day following a wave of air strikes on the coastal enclave that killed at least 15 people, including a five-year-old girl.

    World
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    Kazakhstan Ranks 79 Among 132 Economies Featured In Global Innovation Index 2021

    NUR-SULTAN – Kazakhstan is ranked 79th out of 132 economies for its innovation capabilities, taking third place among the 10 economies in Central and Southern Asia, according to the Global Innovation Index 2021.

    Business
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    Russia To Launch Iran’s Most Advanced Monitoring Satellite

    Russia is set to launch an advanced satellite on behalf of Iran on 9 August, substantially boosting Iran’s current space capabilities, according to a statement by Roscosmos space agency.

    West Asia
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    Israel Pummels Gaza With Airstrikes, Palestinian Resistance Responds

    The Israeli army continued its offensive campaign on the Gaza Strip into the night of 5 August, killing at least 10 people and injuring dozens more. Palestinian resistance groups launched dozens of rockets in retaliation

    World
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    Hezbollah Does Not Rule Out ‘War’ With Israel Over Disputed Gas Field

    The Lebanese resistance movement of Hezbollah does not rule out going to war with Israel over the regime’s attempts at impinging on Lebanon’s natural resources.

    West Asia
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    Turkish Lira Hits All-Time Low As Tensions Mount With US

    The lira was down 3% versus the dollar at noon ET. It touched a record low of 5.5 against the greenback after Turkish officials returned from meetings with a delegation from the US Treasury and State Department.

    West Asia
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    World must hold end of bargain with Iran: Europe

    The European Union says the international community has an obligation to maintain economic relations with Iran, despite the United States’ unilateral withdrawal from a multilateral deal.

    West Asia
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    Europe readies for clash with US over renewed Iran sanctions

    Senior EU officials accused the US of violating international law by re-introducing the sanctions, which had been dropped in 2015 in exchange for concessions by Iran on its nuclear industry and weapons research.

    West Asia
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    Iran unveils new currency policies to strengthen rial

    As the United States is preparing for the snapback of economic sanctions against Iran, the country has unveiled a much-awaited package of policies that it expects to help strengthen its national.

    Business
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    Rouhani: No talks with US while under sanctions

    President Hassan Rouhani has slammed US President Donald Trump’s offer for direct talks as a disingenuous PR stunt for domestic consumption while the “untrustworthy” Washington

    World
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    At Trump’s hotel, revenue went up this spring — thanks to a visit from big-spending Saudis

    The general manager of the Trump International Hotel in Manhattan had a rare bit of good news to report to investors this spring: after two years of decline, revenue from room rentals went up 13.

    Business
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    China rejects US demand to reduce Iran oil imports

    China has rejected a demand by the United States to cut Iranian oil imports, according to Bloomberg news agency, which cited two officials familiar with the negotiations.

    Business
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    Rouhani warns over US push against buying Iran oil

    Iranian President Hassan Rouhani is warning that regional oil supplycould be jeopardised if the US manages to get its allies to stop buying Tehran's oil.

    Business
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    Pakistan hits back at 'inappropriate' US fears

    Pakistan Wednesday hit back at US assertion that any IMF bailout its new government might have to seek would be used to repay Chinese loans saying it was ‘totally wrong’ to link the two.

    South Asia
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    Syria Has Entered Reconstruction Phase: Envoy

    Claiming that the Arab Spring was an attempt to destabilise Syria, Abbas said, "This was done to safeguard the security of Israel, control natural resources in Syria, extend pipelines from Qatar to Syria to Europe.”

    South Asia
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    Pakistan’s IMF Problem 

    fter Pakistan’s recent election, Imran Khan and his Pakistan Tehreek-e-Insaf (PTI) party are now forming a new government. As usual, it will be greeted by an economic crisis.

    Business
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    Why is Saudi Arabia halting oil shipments through Red Sea?

    Saudi Arabia announced last week it was suspending oil shipments through the Red Sea’s Bab-el-Mandeb strait after Yemen's Iran-aligned Houthis attacked two ships in the waterway.

    Business

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