Rubio: U.S. will take action to mitigate oil price spike for Americans
The U.S. will take action to mitigate rising energy prices due to a spike in the price of oil caused ...
Pope Leo XIV, the first U.S. pope, has ignited global intrigue with his bold vision to reshape the Church’s role in modern economics, drawing inspiration from the transformative legacy of Leo XIII.
With Pope Leo XIV's inauguration underway, global attention is focused on how his pontificate could influence the intersection of theology and economics. Drawing inspiration from Pope Leo XIII’s encyclical Rerum Novarum, the new pontiff has signaled a commitment to addressing modern economic challenges rooted in social justice and human dignity.
Rerum Novarum (1891) established the Church's Social Doctrine, promoting workers' rights and equitable economic practices. Pope Leo XIV, with expertise in mathematics and law, is expected to adapt these principles to tackle modern challenges like AI and globalization.
Pope Leo XIV has already emphasized the need for a renewed evangelization in finance, technology, and economic policymaking. In his initial remarks to the College of Cardinals, he highlighted the urgency of promoting justice and fair competition.
The global economic imbalance, marked by income disparities and the dominance of Big Tech, could be a focal point of the new pope’s vision. While it remains to be seen how he will navigate these challenges, his symbolic and doctrinal messages suggest a balance between tradition and modernization.
Follow the latest developments and global reaction after the U.S. and Israel launched “major combat operations” in Iran, prompting retaliation from Tehran.
Saudi Arabia’s state oil giant Saudi Aramco closed its Ras Tanura refinery on Monday following an Iranian drone strike, an industry source told Reuters as Tehran retaliated across the Gulf after a U.S.-Israeli attack on Iranian targets over the weekend.
The Kremlin is utilising the recent United States and Israeli military strikes on Iran to validate its ongoing war in Ukraine. Russian officials are pointing to the escalation in the Middle East as evidence that Western nations do not adhere to international rules.
The Middle East crisis intensifies after the deadly attack on the compound of the Supreme Leader of Iran Ali Khamenei on Saturday that killed him, other family members and senior figures. Iran has launched retaliatory strikes on U.S. targets in the region.
Ayatollah Alireza Arafi has moved into a pivotal constitutional role following the death of Supreme Leader Ayatollah Ali Khamenei, becoming the clerical member of Iran’s temporary leadership council under Article 111 of the Constitution of the Islamic Republic of Iran.
Former U.S. President Bill Clinton told lawmakers that President Donald Trump told him he had "some great times" with convicted sex offender Jeffrey Epstein before their relationship soured, according to a video released on Monday (2 March).
The U.S.-Iran crisis has entered its third day, with further strikes reported across the Middle East and the death toll rising. Oil prices have surged to levels last seen during the Covid-19 pandemic, raising fears of economic disruption and higher prices worldwide.
The UK said it's allowing the U.S. to use its bases for defensive strikes against Iran amid escalating missile attacks, after a suspected drone strike hit a British airbase in southern Cyprus, causing limited damage.
The Kremlin is utilising the recent United States and Israeli military strikes on Iran to validate its ongoing war in Ukraine. Russian officials are pointing to the escalation in the Middle East as evidence that Western nations do not adhere to international rules.
European Union stands with its member states in the face of any threat, EU Commission President Ursula von der Leyen said in response to the drone strike that hit Britain's Royal Air Force base of Akrotiri in southern Cyprus overnight.
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