Ford raises 2026 outlook after stronger-than-expected quarterly earnings
Ford raised its full-year earnings forecast after reporting stronger-than-expected second-quarter adjusted profit, as resilient demand for its vehicle...
The U.S. government is set to resume operations on Thursday after the longest shutdown in American history left air traffic disrupted, food aid suspended for low-income families, and more than one million federal workers unpaid for over a month.
Despite the reopening, the deep political fractures that caused the 43-day impasse remain unresolved. The funding agreement offers few limits on President Donald Trump’s control over spending, continuing tensions with Congress over budget authority. It also sidesteps the expiring health care subsidies that initially pushed Senate Democrats to block the earlier budget proposal.
The shutdown exposed sharp divides within the Democratic Party as well — between progressives demanding stronger opposition to Trump and moderates wary of overreach while Republicans maintain control of both chambers. Senate Democratic leader Chuck Schumer now faces mounting criticism, even though he voted against the final deal.
Around 1.4 million federal employees who worked without pay are expected to receive back wages starting Saturday, with full payments due by Wednesday, according to the White House. Trump’s team had earlier threatened to withhold pay for some categories of workers, but there was no indication that it will do so.
“I’m happy to see all my coworkers again. I brought in some pastries so we can enjoy our first day back,” said Stanley Stocker, an Interior Department employee returning to work.
Although Trump fired several thousand federal employees during the shutdown, the funding bill ensures their reinstatement, requiring agencies to reverse dismissals within five days.
Public opinion shows neither side escaped blame. A Reuters/Ipsos poll found 50% of Americans held Republicans responsible for the shutdown, while 47% blamed Democrats.
The reopening may prove short-lived: the new deal only funds the government until 30 January, raising fears of another standoff early next year.
Amid all the political turmoil, one topic was notably absent — discussion of the $38 trillion national debt, which remains on track to grow by about $1.8 trillion annually, as Congress once again postponed tough fiscal decisions.
U.S. President Donald Trump said on Monday that there is a good chance” of reaching a deal with Iran, but warned that Washington would resume military operation if negotiations fail.
The Russia-Ukraine war is increasingly reshaping the Caspian region. From threats to energy infrastructure to renewed diplomatic efforts, countries across the region are adapting to the wider consequences of a conflict that continues to disrupt trade, transport and security.
Yemen warned the Houthis were seeking to replicate Iran's Strait of Hormuz strategy in the Red Sea, as U.S. President Donald Trump said there was a "good chance" of a deal with Tehran but warned strikes could resume if talks failed.
Moscow should stop linking Russia-Armenia relations to Azerbaijan, Baku's Foreign Ministry spokesperson Aykhan Hajizada has said, after Russia again raised the Collective Security Treaty Organisation's role during the former Garabagh conflict.
The 27 July edition of Daybreak covers a pause in fighting between the U.S. and Iran, the latest developments in Russia's war against Ukraine, and mass evacuations as wildfires continue to spread across France and Spain.
Russia’s largest retailer Wildberries has begun searching for warehouse space in Kazakhstan, Moscow’s Kommersant newspaper has reported, citing sources in the real estate market. It comes after Ukrainian drone strikes damaged around 10 per cent of the online marketplace's logistics hubs in Russia.
Yerevan has seen a surge in Russians seeking apartments ahead of Moscow's parliamentary elections in September and amid rumours of mass mobilisation, Russian-language publication Verstka has reported, citing anecdotal evidence from local estate agents.
UNESCO has added 25 new properties to its World Heritage List during the 48th session of the World Heritage Committee in Busan, South Korea. The newly inscribed sites include cultural, natural and mixed properties, bringing the total number of World Heritage sites worldwide to 1,273.
Malaysian authorities have released more than 100 Rohingya Muslim asylum seekers who were detained earlier this week, with the group being sent to various locations across the country.
China expects Slovakia to play a constructive role in promoting the steady development of relations between China and the European Union, President Xi Jinping said during talks with Slovak President Peter Pellegrini in Beijing on Tuesday.
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