Floodwaters batter Indian towns
Torrential monsoon rains continue to wreak havoc across northern and eastern India, with widespread flooding reported in Uttar Pradesh and West Bengal...
The U.S. Treasury Department has imposed sanctions on more than 30 individuals and entities tied to a massive Iranian shadow banking network accused of laundering billions of dollars to benefit the regime in Tehran.
The sanctions target figures linked to Iranian brothers Mansour, Nasser, and Fazlolah Zarringhalam. According to the Treasury’s Office of Foreign Assets Control (OFAC), the trio operated through Iranian exchange houses and dozens of front companies—mainly based in Hong Kong and the UAE—to funnel funds from Iran’s oil and petrochemical sales into the international financial system.
The scheme helped Iran evade sanctions, fund its nuclear and missile programs, and support proxy groups across the region.
“Iran’s shadow banking system is a lifeline for the regime,” said Treasury Secretary Scott Bessent. “We will keep targeting these critical networks that enrich elites and fuel corruption at the people’s expense.”
This marks the first round of sanctions targeting Iran’s shadow banking infrastructure since President Trump’s National Security Presidential Memorandum 2 revived the U.S. “maximum pressure” campaign on Tehran.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
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.
Talks on a global treaty to reduce plastic pollution risk falling apart as countries remain divided over how to limit plastic production.
The Kremlin responded cautiously to U.S. President Donald Trump's order to reposition nuclear submarines, urging restraint in nuclear rhetoric and emphasizing the importance of diplomacy during rising tensions over Ukraine.
On Monday, the Kremlin announced that Russian President Vladimir Putin may meet U.S. envoy Steve Witkoff this week as part of ongoing efforts to mediate the Russia-Ukraine conflict. U.S. President Donald Trump also warned of possible sanctions if a ceasefire is not reached soon.
Two new videos released by Palestinian militant groups Hamas and Islamic Jihad have sparked international condemnation and renewed pressure on Israel and the global community to secure the release of hostages held in Gaza since the October 7, 2023 attacks.
Preliminary discussions between Thai and Cambodian defence officials began on Monday in Malaysia, setting the stage for a high-level ministerial meeting scheduled for Thursday, as a fragile ceasefire continues to hold following last week's border clashes.
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