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OECD cuts 2026 global growth forecasts over Mideast war fallout
If energy disruption persists well into next year, some economies could fall into outright recession, with Asian countries reliant on Middle East energy supplies expected to be hit hardest.
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Fire sweeps through New Delhi building, killing at least 21 people
NEW DELHI: At least 21 people were killed in a fire at a hotel in Delhi on Wednesday (Jun 3), police said, in one of the worst such incidents in the capital in recent years.”It is with profound sorrow that 21 persons have been declared dead in this tragic incident,” police said in a press…
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Amazon launches Prime in South Africa for under $4 a month
June 3 : E-commerce giant Amazon.com said on Wednesday it has launched its paid Prime service in South Africa, offering faster deliveries and media content for 59 South African rand ($3.61) a month or 399 rand a year. Here are some details: • Amazon Prime is already available in 26 other countries, w
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Democracy in Africa: Coups, crises and foregone conclusions
As Ethiopia formally counts the votes following Monday’s election, attitudes toward democracy appear to be shifting across Africa. In April, Burkina Faso’s junta leader told the Burkinabe people to “forget” democracy.
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Ukrainian drones hit Saint Petersburg
Ukraine has been stepping up long-range strikes as the war grinds on, with Russia’s northerly second city now hit. The latest attack on Saint Petersburg takes place as an event long known as “Russia’s Davos” kicks off.
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US plans extra tariffs for 60 countries over forced labor
A new wave of Trump tariffs could unsettle US trade partners which have already signed new trade deals or have been negotiating them for months.
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UK: Protest erupts over student murder
Protesters have clashed with police in Southampton over the December murder of finance student Henry Nowak. The fatally injured victim was handcuffed by police after his killer accused him of racist abuse.
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Iranian drone attack hits Kuwait airport as US and Iran trade strikes
Kuwait suspended commercial flights after drones heavily damaged its international airport, hours after Iran fired missiles at Kuwait and Bahrain and the US struck an Iranian military facility on Qeshm Island. Iran’s IRGC said it had targeted the US Navy’s 5th Fleet headquarters in Bahrain.
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Alphabet’s $80 billion stock sale leaves Wall Street in ‘unprecedented territory,’ says Goldman’s Gutman
Goldman Sachs is acting as a joint book-running manager for Alphabet’s underwritten offerings.
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