live Key Gulf shipping routes remain stable despite uncertain peace talks
Shipping traffic through the key Gulf waterways of Bab el-Mandeb and the Strait of Hormuz remained largely unchanged at the start of the week, shippin...
The U.S. envoy to Türkiye has confirmed that a Turkish Airlines’ Boeing aircraft deal has been finalised, marking a significant step in expanding the carrier’s fleet.
Tom Barrack told reporters outside the White House, that “The deal is done,” offering no further details on the transaction. His remarks followed a meeting between Turkish President Recep Tayyip Erdogan and U.S. President Donald Trump.
Last week, Turkish Airlines said talks with Boeing were still ongoing over a potential new plane order. The airline’s Communications Senior Vice President, Yahya Üstün, said discussions had been long-running, but “no definitive decision has been reached yet.”
Turkish Airlines previously reached an agreement last year for four Boeing 777 freighters to boost its global air cargo operations.
Pegasus, another Turkish carrier, also placed an order for 200 Boeing aircraft in 2024.
U.S. President Donald Trump says Iran has a "last chance" to sign what he described as "a good document", claiming talks are continuing at Tehran's request with backing from Saudi Arabia, the UAE and Qatar.
U.S. President Donald Trump said late on Saturday he would hold off on a fresh attack on Iran as long as a deal could be reached quickly to halt Iran's nuclear ambitions and reopen the Strait of Hormuz.
Two firefighting helicopters collided while battling a major wildfire in Greece on Sunday, killing two crew members as emergency services continued efforts to contain fires fuelled by extreme heat and dry conditions across Europe.
Apple Pay has launched in Kyrgyzstan and Tajikistan, expanding digital payment services across Central Asia and supporting the region's shift towards cashless transactions.
French Prime Minister Sebastien Lecornu said wildfires that swept across France were now under control. Authorities warned that risks remained as Greece and Spain continued battling active blazes across parts of Europe.
Ford raised its full-year earnings forecast after reporting stronger-than-expected second-quarter adjusted profit, as resilient demand for its vehicles and operational improvements helped offset tariff-related costs.
SK Hynix reported record quarterly profit on Wednesday, but its shares slumped 10 per cent after the South Korean chipmaker fell short of investor expectations built around the artificial intelligence (AI) boom.
Oil prices have fallen more than six per cent as a pause in U.S.-Iran hostilities eased fears of wider supply disruption around the Gulf.
Paramount Skydance agreed to pause its acquisition of Warner Bros Discovery until after a ruling on a challenge by states to the deal, plunging the $110 billion deal into further uncertainty.
China's Foreign Ministry has said it is closely monitoring the United Kingdom's nationalisation of British Steel. Prior to the British government fully taking over the loss-making company on Thursday, it was previously owned by Chinese private steelmaker Jingye.
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