$500 million oil bets placed minutes before Trump delays Iran strikes, prices plunge
Traders placed more than $500 million in oil bets minutes before Donald Trump announced a delay to planned strikes on Iran, ...
China is facing a dual weather crisis as torrential rain and a searing heatwave strain infrastructure and threaten lives.
In the wake of Danas, now downgraded from a typhoon, more tha 6,000 residents were evacuated from Yibin in Sichuan province following 14 hours of nonstop rainfall.
In nearby Zhaotong, more than 7,000 were displaced and five people reported missing after extreme rainfall overwhelmed the region. One county recorded nearly 228 millimeters of rain in a single day — the highest since 1958.
Meanwhile, China's coastal tech hubs in Zhejiang and Fujian provinces braced for up to 300 millimeters of rainfall. Emergency flood alerts were issued in key port cities like Fuzhou and Xiamen as authorities warned of flash floods caused by saturated rivers and urban overdevelopment.
Farther west, flash floods near Tibet’s Himalayan foothills forced hundreds to evacuate after a river burst its banks in Gyirong.
At the same time, a relentless heatwave continues to bake the $19 trillion economy’s northeast and central regions, including Shanghai, Wuhan, and Changsha.
Residents have been urged to stay indoors and hydrate as reports of heatstroke-related deaths rise. China, which does not officially publish national figures on heat-related fatalities, faced a record 79-day heatwave in 2022. A 2023 Lancet study estimated more than 50,000 people died from heat-related causes that year alone.
With climate change intensifying extreme weather patterns, experts warn the country’s ageing infrastructure and limited cooling resources could leave millions vulnerable to recurring disasters.
The pilot and co-pilot of an Air Canada Express regional jet were killed after it collided with a fire truck while landing at New York's LaGuardia airport late on Sunday, in an incident that closed the airport, authorities and U.S. media said.
Trump says U.S. found “major points of agreement” with Iran and has paused strikes on Iranian power plants, but Tehran denies any direct talks or negotiations, contradicting U.S. claims - latest on Middle East conflict.
Pakistan has offered to host talks between the U.S. and Iran to bring an end to the conflict, while Lebanon has ordered the Iranian Ambassador to leave the country. Meanwhile, oil prices continue rising as the fallout from the Middle East conflict continues.
Violent clashes broke out between police and opposition protesters in Tirana on Sunday (22 March) as demonstrators were demanding the resignation of the Albanian government following corruption allegations against the deputy prime minister.
FinaFinal results from Slovenia’s parliamentary elections indicate a near tie between the Slovenian Democratic Party (SDS) and the liberal Freedom Movement Slovenia (GS), leaving neither side with a clear path to power.
Eurozone private sector growth almost stalled this month, a key survey showed on Tuesday, adding to evidence that the bloc is already feeling economic fallout from the U.S. and Israeli war with Iran, with inflation rising and growth slowing.
China is raising domestic petrol and diesel prices under temporary measures to manage a sharp surge in global oil costs, aiming to support fuel suppliers while maintaining market stability during a period of heightened volatility.
Russia launched drones and missiles overnight on Tuesday at Ukraine, killing at least three people, damaging houses and triggering fires, Ukrainian officials said.
British Prime Minister Sir Keir Starmer said on Monday (23 March) that Britain must plan for the possibility that the Iran war could continue for some time, and added that he had no "meaningful concerns" about energy supply.
Australia and the European Union signed a trade deal on Tuesday that was eight years in the making, removing tariffs for almost all European goods and for nearly all exports of Australian critical minerals.
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