live U.S., Iran closer to deal, timing remains unclear
U.S. and Pakistani leaders forecast a Sunday signing of a long-elusive framework agreement to end fighting between the United States and Iran, as Reut...
UN Secretary-General António Guterres has unveiled a sharp reduction to the organisation’s 2026 regular budget, proposing a cut of $577 million and an 18% reduction in staffing, as the United Nations faces one of its most severe liquidity crises in years.
Presenting his plan to the General Assembly’s budget committee on Monday, Guterres said he intends to bring next year’s core budget down to $3.238 billion, a 15% decrease compared with 2025.
The proposal would see the UN’s staffing table fall to 11,594 posts, including Special Political Missions — a reduction of 2,681 positions.
Guterres said the changes would require one-off costs tied to staff separations, relocations, and temporary support in human resources, legal affairs, and the administration of justice to ensure the transition is managed “responsibly.”
He warned, however, that even sweeping cuts will not stabilise the UN’s financial situation unless member states settle their outstanding contributions.
“Liquidity remains fragile,” Guterres said, noting that the UN ended 2024 with $760 million in arrears, of which $709 million has still not been paid. In addition, the UN has yet to receive $877 million in 2025 dues, pushing total arrears to $1.586 billion.
Guterres repeated his call for member states to pay assessed contributions “in full and on time,” adding that the Secretariat is operating far below approved budget levels and has proposed temporarily suspending the return of credits to safeguard liquidity.
“It is difficult for us to return money that we never received,” he said, urging members to agree on a temporary mechanism that protects their rights while allowing refunds once the UN’s cash position improves.
The United States — which pays the maximum 22% of the regular budget — remains the largest contributor.
President Donald Trump has criticised the UN’s performance and signalled he wants to reduce U.S. funding, adding uncertainty to future budget negotiations.
The UN is marking its 80th anniversary this year, and Guterres has launched a reform effort, known as UN80, to streamline operations and reduce expenditure.
Peacekeeping, which is funded through a separate budget, is also under pressure. Senior officials warned in October that a lack of funds could force cuts to a quarter of peacekeeping personnel across nine missions.
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.
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.
Armenia has every right to choose Europe. But Europe’s support for Armenia’s direction should not become automatic approval of its political process.
U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Foreign Ministry spokesperson Esmaeil Baghaei saying no deal would be approved this weekend.
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.
The New York Knicks defeated the San Antonio Spurs 94-90 to close out the series 4-1 and claim their first NBA championship since 1973, sparking celebrations across New York City.
In the runup to the G7 summit, hosted by France in Évian-les-Bains on Monday, 15 June, China has addressed global economic balances in a videoconference hosted by French President Emmanuel Macron. It is a rarity for Beijing to engage directly with the group.
Switzerland on Sunday rejected a referendum proposal to cap its population at 10 million, a projection showed, as voters prioritised economic stability and the country's ties with the European Union over immigration concerns.
Romania's centrist President Nicușor Dan on Sunday designated Adrian Veștea, a member of the liberal party, as prime minister, after independent candidate Eugen Tomac withdrew.
North Korea said on Sunday, 14 June, that denuclearisation is a matter that is irreversibly terminated, in a condemnation of recent nuclear deterrence talks between the U.S. and South Korea.
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