U.S. posts $27 billion budget surplus in June amid rising customs revenue
The U.S. unexpectedly recorded a $27 billion budget surplus in June, reversing last year’s deficit. This improvement reflects stronger customs colle...
Germany said on Tuesday it had halted new development aid to Rwanda and was reviewing its existing commitments in response to the African nation's role in the conflict in neighbouring Democratic Republic of Congo.
The German development ministry said Berlin had informed Rwanda in advance of the move and urged it to withdraw support for the M23 rebel group, which has made advances in eastern Congo.
Congo, U.N. experts and Western powers accuse Rwanda of backing the group. Rwanda denies this and says it is defending itself against ethnic Hutu-led militias bent on slaughtering Tutsis in Congo and threatening Rwanda.
Rwanda's foreign ministry called Germany's action "wrong and counterproductive".
"Countries like Germany that bear a historical responsibility for the recurring instability in this region should know better than to apply one-sided, coercive measures," Rwanda's foreign ministry said in a statement late on Tuesday.
The German ministry said Berlin last pledged aid of 93.6 million euros ($98 million) to Rwanda in October 2022 for the period 2022 to 2024.
The M23 group has captured swathes of eastern Congo and valuable mineral deposits since January.
The ongoing onslaught is the gravest escalation of a long-running conflict rooted in the spillover into Congo of Rwanda's 1994 genocide and the struggle for control of Congo's vast mineral resources.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
French member of parliament Olivier Marleix was found dead at his home on Monday, with suicide being considered a possible cause.
Norway could soon receive a major boost to its airborne defence, as Washington signals readiness to expand military cooperation through a new high-value arms deal.
A British man accused of running a $100 million fake wine loan scam pleaded not guilty in New York, denying claims that he sold investors a vintage collection that didn’t exist. The high-stakes fraud allegedly duped victims with promises of rare bottles and big returns.
The U.S. is set to support Lebanon’s military readiness with a $100 million deal to sustain A-29 Super Tucano aircraft, enhancing the Lebanese Armed Forces’ ability to uphold the recent ceasefire in southern Lebanon.
The U.S. unexpectedly recorded a $27 billion budget surplus in June, reversing last year’s deficit. This improvement reflects stronger customs collections and significant cuts in education spending amid ongoing fiscal challenges.
China has introduced its first renewable energy consumption targets for key industrial sectors and data centres.
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