live Oil prices fall as Iran vows retaliation over U.S. sanctions
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concer...
United Nations Secretary-General Antonio Guterres said on Monday that only 35% of the Sustainable Development Goals (SDGs) are currently on course to meet their targets, while 18% are regressing.
Marking 10 years since the adoption of the 2030 Agenda, Guterres highlighted that millions of people have gained access to electricity, clean cooking facilities, and the internet in recent years. Social protection now covers over half of the world’s population, representing significant progress.
The Secretary-General noted increased access to education, more girls attending school, and a decline in child marriages. He also pointed to advances in renewable energy led by developing countries, and rising representation of women in society and business.
However, Guterres stressed that progress remains insufficient.
“We are facing a global development emergency,” he said, noting that more than 800 million people still live in extreme poverty, climate impacts are worsening, and debt repayments are draining countries’ resources needed for investment.
He emphasised the close link between ending conflicts and development, calling for an end to conflicts such as those in Gaza and Ukraine.
Despite these challenges, the report launched on Monday (14 July) outlines roadmaps for transformation in food, energy, digital access, education, employment, and climate action.
Guterres underlined that progress is impossible without large-scale financing, urging reforms in the international financial system, debt relief measures, and a tripling of lending capacity at multilateral development banks.
“Sustainable Development Goals can still be achieved, but only if we act with urgency, unity, and unwavering resolve,” he concluded.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Canada has announced nearly $20 billion in retaliatory tariffs on U.S. goods and billions in support for workers and businesses, escalating its trade dispute with Washington after President Donald Trump's latest duties took effect.
Pakistani exporters are facing soaring shipping costs to the U.S., with freight rates more than tripling on some routes as the Iran-U.S. conflict drives up war-risk insurance and fuel costs.
The trial of a Libyan man accused of building the bomb that destroyed Pan Am Flight 103 over the Scottish town of Lockerbie in 1988, killing 270 people, has been postponed by a U.S. federal judge.
France and Saudi Arabia have agreed on plans for a $7 billion manga-themed amusement complex near Paris, inspired by the hugely popular Japanese franchise Dragon Ball Z.
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