live Iran-U.S. peace deal to be signed within 24 hours, Pakistan's Prime Minister says
The final text of a peace agrement has been agreed by the U.S. and Iran, with the signing of the deal expected to take place electronically within 2...
The World Bank has approved a $200 million concessional credit to help Uzbekistan modernize its irrigation and drainage infrastructure, aiming to cut water losses and improve energy efficiency across five regions.
Uzbekistan will receive $200 million in concessional credit from the World Bank to modernize its aging irrigation and drainage systems. The initiative, focused on Karakalpakstan, Bukhara, Kashkadarya, Namangan, and Surkhandarya regions, seeks to reduce water losses, enhance energy efficiency, and improve the quality of irrigation service delivery. The Government of Uzbekistan will contribute an additional $23.2 million in co-financing, with the Ministry of Water Resources responsible for project implementation.
The project involves large-scale upgrades to eight major primary canals linked to the Amu Darya and Syr Darya rivers. These include laying modern concrete and geomembrane linings over 259 kilometers of canals, reshaping and elevating canal beds to enable gravity-fed water supply and minimize the need for pumping, and building approximately 470 hydraulic structures to strengthen water control. In addition, the project will introduce flow-regulated outlets equipped with meters and a SCADA (Supervisory Control and Data Acquisition) system for automated monitoring and management.
As a result of the project, irrigation service delivery is expected to improve across 232,000 hectares of farmland, boosting agricultural productivity and resilience to climate change. Around 180,000 water users, including 80,000 women, are expected to directly benefit from more reliable irrigation services. Furthermore, the project is projected to reduce annual water losses by 540 million cubic meters and cut electricity consumption by over 165 million kilowatt-hours, significantly lowering operational costs and enhancing the sustainability of water use in Uzbekistan.
SpaceX has made history with the largest initial public offering ever in the United States, pricing its shares at $135 each and achieving a market valuation of $1.77 trillion.
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
While France hosts next week’s Group of Seven summit, businesses in neighbouring Switzerland have already begun taking precautions, with many shops in Geneva boarded up ahead of a large anti-G7 demonstration expected on Sunday.
Italian Prime Minister Giorgia Meloni and Polish Prime Minister Donald Tusk have criticised Britain, France and Germany for leaving them out of talks with Russia about a potential future peace deal for Ukraine.
Formula 1 driver Pierre Gasly’s Monaco Grand Prix podium has been reinstated after Alpine successfully challenged his post-race penalties through a Right of Review request with the FIA.
Uzbekistan will launch a new digital financial platform from 1 July aimed at simplifying access to finance for entrepreneurs, as part of broader efforts to support small businesses, encourage innovation and accelerate private sector development.
Pakistan has warned that any attempt by India to block or significantly reduce river flows under the Indus Waters Treaty could have “far-reaching consequences”, after India's water minister said New Delhi was working to ensure that “not a single drop” of water reaches Pakistan in the coming years.
The global race to develop quantum computing is accelerating, with governments and technology firms investing heavily in what is expected to become a major new computing era.
Japan’s birth rate and fertility levels have fallen to their lowest levels on record, highlighting the country’s worsening demographic crisis as fewer people marry and have children.
Iran said no final decision has been made on a proposed agreement with Washington, despite suggestions from U.S. President Donald Trump that a deal could soon be signed in a European capital.
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