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...
The core United Nations (UN) budget could be cut by $577 million next year under a proposal from UN's Secretary-General António Guterres, who is also seeking to eliminate more than 18% of jobs.
Guterres is seeking to improve efficiency and reduce costs as the United Nations marks its 80th year while confronting a worsening cash crisis driven largely by unpaid U.S. dues.
“We ended 2024 with 760 million dollars in arrears, of which 709 million dollars remains outstanding. We have also not received 877 million dollars of 2025 contributions, and arrears now stand at 1.586 billion dollars,” Guterres told the 193-member General Assembly budget committee.
He proposed a core budget of 3.238 billion dollars for 2026, a reduction of 15 percent compared with this year. The core budget covers the UN’s political, humanitarian, disarmament, economic and social affairs, as well as communications functions.
Contributions to most UN agencies, funds and programmes, such as the World Food Programme and UNICEF, remain voluntary.
“Liquidity remains fragile, and this challenge will persist regardless of the final budget approved by the General Assembly, given the unacceptable volume of arrears,” Guterres said.
The United States is the largest contributor to the UN’s core budget, paying the maximum 22 percent under the General Assembly’s assessment scale.
President Donald Trump has said the UN has “great potential” but argues it is not meeting expectations, and he wants to significantly reduce U.S. funding.
In March, Guterres launched a reform task force known as UN80, aimed at cutting costs and improving efficiency across the organisation.
UN peacekeeping has a separate budget. In October, senior UN officials said a quarter of personnel across nine missions would be cut because of funding shortages and uncertainty over future U.S. contributions.
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.
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.
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.
British Prime Minister Sir Keir Starmer has pledged to publish the UK government's long-awaited Defence Investment Plan ahead of next month's NATO summit in Ankara, following growing pressure over the UK's military spending commitments.
British Prime Minister Sir Keir Starmer says British armed forces intercepted a Russian shadow fleet oil tanker early on Sunday, as it attempted to pass through the English Channel.
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