live Global markets weigh U.S.-Iran tensions as talks to end war continue
Global equities rose after mild inflation data strengthened expectations that the Federal Reserve will keep interest rates steady. Oil prices also edg...
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 13th of August, covering the latest developments.
Asian stocks rose on Thursday after U.S. inflation data came in line with expectations, reducing expectations of a near-term Fed rate hike. South Korean shares led gains, rising 4.4 per cent, while Japan’s Nikkei added 1.86 per cent. Oil prices remained elevated as the U.S. and Iran stayed deadlocked over efforts to end the Gulf war. The dollar weakened slightly against the yen as expectations grew that the Bank of Japan could raise rates as early as next month.
A Russian overnight strike damaged the area around Izmail, Ukraine’s largest Danube port, causing a fire near the Romanian border according to authorities. Romania says it scrambled two fighter jets after an aerial target entered its airspace for about 10 minutes before moving toward Ukraine. The attack came a day after Ukraine struck Novorossiysk, a major Russian grain export hub on the Black Sea.
Colombia’s President Abelardo De La Espriella has pledged an emergency fund to rebuild hospitals, schools, homes and infrastructure destroyed by Monday’s 7.4-magnitude earthquake. Rescue teams are focusing on collapsed buildings in Cali as they race against the critical 72-hour window for finding survivors. The quake killed 265 people, injured 3,770 and left nearly 500 others unaccounted for, with more than 9,550 homes destroyed.
Japan strongly protested against Russian President Vladimir Putin's visit to Iturup, one of four islands in the Kuril chain, on Thursday. Both Japan and Russia claim the chain of island as theirs and have been in a disputed over it for decades. The trip marked what Russian state media described as Putin’s first in-person visit to the island chain. Putin toured a fish-processing plant and met local residents during the visit. The trip came a day after Russia held major naval drills and North Korea fired a ballistic missile toward waters off the Korean Peninsula.
Millions of people across Spain and Iceland gathered to witness Western Europe’s first total solar eclipse in 27 years. The eclipse plunged parts of both countries into darkness, with totality lasting up to two minutes and 13 seconds in western Iceland.The spectacle was also visible as a partial eclipse across the UK, Poland, Italy and Belgium. In the UK, more than 90 per cent of the Sun was covered, with skies darkening over London’s Tower Bridge as people gathered to watch the partial eclipse.
Disruption in the Strait of Hormuz has increased the strategic importance of Bab al-Mandab, raising fears that instability in both waterways could trigger a wider global energy and trade crisis.
Iran and the United States remain at loggerheads over efforts to agree a permanent end to the war in the Gulf, according to a senior Iranian source who said there had been no progress in talks to revive the interim deal agreed in June and define a timeframe to implement it.
U.S. President Donald Trump has called for Iran to pay compensation for decades of deaths and damage, adding a new demand to peace talks as Tehran seeks compensation and sanctions relief before reopening the Strait of Hormuz.
A criminal court in Damascus has sentenced former Syrian President Bashar al-Assad to death in absentia for premeditated murder, torture, arbitrary detention and crimes against humanity, according to Syria’s state news agency SANA.
Millions of people across Spain and Iceland are preparing on Wednesday to witness a rare total solar eclipse, when the moon will pass directly between Earth and the Sun, briefly turning daylight into darkness along a narrow path.
Russian President Vladimir Putin has used Pacific Fleet drills to criticise Japan, NATO and possible Western moves against Russian commercial ships. He made the comments during his first visit to Iturup, a Japan-claimed island at the end of the Kuril chain near the island of Hokkaido.
Venezuelan authorities plan to focus on reconstruction efforts and recovering around 31 metric tons of gold, worth an estimated $4 billion, held in the Bank of England's underground vaults, National Assembly Chief Jorge Rodríguez said, as monthly inflation surged to 20 per cent.
Millions of people across Europe, including northern Spain and Iceland, watched the sky darken on Wednesday evening as Western Europe experienced its first total solar eclipse in 27 years.
Turkish Foreign Minister Hakan Fidan on Wednesday met Libya's eastern army commander Khalifa Haftar in Benghazi, as Ankara seeks to widen its outreach across divided Libya.
Colombia's President Abelardo De La Espriella has pledged to establish an emergency fund to rebuild infrastructure damaged by Monday's 7.4-magnitude earthquake. Rescuers, meanwhile, are racing to find survivors as search operations enter a critical phase.
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