Syrian President al-Sharaa makes landmark Visa payment as country reconnects with global financial system
A restaurant payment with a Visa card in Damascus has become a symbol of Syria’s reconnection with the global financial system....
China has called on the United States to cease its investigation into potential new tariffs on copper imports, warning that any imposition of tariffs could provoke retaliatory measures.
The probe, directed by President Donald Trump and to be carried out under Section 232 of the Trade Expansion Act of 1962, is part of an effort to rebuild U.S. copper production—critical for electric vehicles, military hardware, power grids, and consumer goods.
At a recent news conference, He Yadong, a spokesperson for China’s commerce ministry, condemned the U.S. investigation. “The decision to direct the Commerce Department to start a new national security probe, using the same law that was applied to impose 25% global tariffs on steel and aluminum during Trump’s first term, will further undermine the rules-based multilateral trading system and disrupt the stability of global industrial supply chains,” He said.
He added that allegations claiming China is using subsidies and excess capacity to undermine competition are “completely groundless.” The Chinese government has urged U.S. authorities to withdraw the investigation immediately. “If the U.S. insists on imposing tariffs and other restrictive measures, China will resolutely take the required steps to safeguard its legitimate rights and interests,” He stated, without providing further details.
The outcome of the probe remains uncertain, but the remarks underscore the heightened tensions between the two nations over trade policies and the potential disruption of global supply chains.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Rescuers in Nepal used helicopters on Thursday to scour for hundreds still missing after a wall of mud and rock collapsed into a river on the Himalayan border with China's Tibet, sending catastrophic floods through towns and valleys, killing 162 people.
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time being”, Axios reports. Meanwhile, Iran and Oman have resumed talks on a temporary shipping route through the Strait of Hormuz.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Iranian President Masoud Pezeshkian has called for greater economic cooperation among Muslim countries, saying their combined economic weight remains disproportionately small compared with their population, strategic location and resources.
Ratko Mladić, the former Bosnian Serb military commander convicted of genocide for his role in the 1995 Srebrenica massacre, has died, according to a United Nations official.
A glacial collapse that triggered catastrophic flooding along the Nepal-Tibet border on Wednesday has killed at least 270 people, with more than 1,000 still missing. Here are some of the most devastating glacier-related disasters recorded around the world:
The UN Children’s Fund (UNICEF) says 3.7 million children across Afghanistan are suffering from acute wasting, a dangerous form of malnutrition, including around one million with severe acute malnutrition, as hospitals and aid services face rising demand and funding shortages.
Kremlin Spokesperson Dmitry Peskov has dismissed media reports that CIA Director John Ratcliffe visited Moscow earlier this week to warn Russia against attacking NATO, dismissing them as "scare stories," which had nothing to do with reality.
Icelanders will vote on Saturday, 29 August, on whether to resume negotiations with the European Union, in a referendum that could reopen the country’s long-debated membership question.
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