live U.S. downs Iranian drones as strikes deepen tensions in Gulf
The United States and Iran have traded fresh strikes, with the U.S. hitting military sites and Iran launching missiles and drones at bases and ship...
Brazil’s House and Senate elected new leaders on Saturday, with both pledging to maintain independence from President Luiz Inácio Lula da Silva during their two-year terms—the final stretch of Lula’s presidency.
Representative Hugo Motta was elected speaker of the House, while Davi Alcolumbre secured the Senate presidency. Their victories, while expected, could pose challenges for Lula’s leftist government, as his approval ratings dip below 50% for the first time since taking office in 2023.
Both leaders have gained support from conservatives and liberals, largely by advocating for greater Congressional control over federal spending. Currently, lawmakers control nearly a quarter of Brazil’s federal budget, a share that has significantly expanded over the past decade.
Alcolumbre acknowledged that tensions over earmarked funds remain a key issue, but he emphasized the need to "preserve the Senate’s independence." Meanwhile, Motta vowed to strengthen the House’s autonomy, stating that Congress must maintain a balanced relationship with other branches of government.
Despite concerns over his declining approval ratings and fiscal policies, Lula assured reporters ahead of the election that he would not interfere in the Congressional vote.
Lula is scheduled to meet with Motta and Alcolumbre next week. His administration’s priority includes pushing legislation to exempt Brazilians earning under 5,000 reais ($850) from income taxes, a policy that will require broad Congressional backing.
Mexico and South Africa meet in Thursday’s World Cup opener in Mexico City, with both teams approaching the match from very different positions but facing their own pressures.
SpaceX has made history with the largest initial public offering ever in the United States, pricing its shares at $135 each and achieving a market valuation of $1.77 trillion.
U.S. Donald Trump has said he has cancelled planned strikes on Iranian oil and gas ports announced earlier on Thursday. Trump said he made the decision after senior leadership in Iran agreed to peace talks.
While France hosts next week’s Group of Seven summit, businesses in neighbouring Switzerland have already begun taking precautions, with many shops in Geneva boarded up ahead of a large anti-G7 demonstration expected on Sunday.
The Armed Forces of the Philippines has expressed “absolute solidarity” with Defence Secretary Gilberto Teodoro following sanctions imposed on him by China.
Ukraine will increase military wages and expand recruitment of foreign volunteers, President Volodymyr Zelenskyy announced on Friday, as the armed forces face a critical personnel shortage after more than four years of war with Russia.
Poland will receive a new $4 billion loan from the United States through the Foreign Military Financing (FMF) programme, strengthening defence ties between the two NATO allies as Warsaw continues a major military modernisation drive.
Italian Prime Minister Giorgia Meloni and Polish Prime Minister Donald Tusk have criticised Britain, France and Germany for leaving them out of talks with Russia about a potential future peace deal for Ukraine.
The International Labour Organization has adopted the first-ever international agreement aimed at protecting digital platform workers, marking a major step in regulating labour conditions in the global gig economy.
Formula 1 driver Pierre Gasly’s Monaco Grand Prix podium has been reinstated after Alpine successfully challenged his post-race penalties through a Right of Review request with the FIA.
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