AnewZ Morning Brief - 1st July, 2025

Anewz

Start your day informed with AnewZ Morning Brief: here are the top news stories for 1st July, covering the latest developments you need to know.

1. Trump to host Netanyahu at The White House on 7 July

Israeli Prime Minister Benjamin Netanyahu will visit The White House next week for talks with President Donald Trump, a U.S. official said on 30 June.

The 7 July visit – Mr Netanyahu’s third since Mr Trump returned to power in January.

A Trump administration official confirmed the visit to AFP on condition of anonymity.

2. IMF approves $500 million for Ukraine, warns of 'exceptionally high' risks

 The International Monetary Fund (IMF) on Monday approved the disbursement of an additional $500 million to Ukraine, following the completion of its eighth review under the country’s $15.5 billion Extended Fund Facility.

The move brings total IMF disbursements to Ukraine under the four-year programme to $10.6 billion.

The IMF Board's approval comes amid ongoing war-related challenges, with the Fund reiterating its warning that Ukraine continues to face "exceptionally high" risks to its economic outlook due to Russia's ongoing invasion.

3. At least 12 dead in pharmaceutical factory blast in India

At least 12 people have been killed and dozens more injured following an explosion and fire at a pharmaceutical factory in the southern Indian state of Telangana, officials said on Monday.

The blast occurred at a Sigachi Industries facility in Sangareddy district, around 60 kilometres from Hyderabad. Local media showed black smoke rising from the ruins of the factory, which was reduced to rubble.

4. Saudi Arabia may raise August oil prices to Asia to 4-month high

Saudi Arabia, the world's biggest oil exporter, may raise its August crude oil prices for buyers in Asia to the highest in four months, after spot prices surged during the Iran-Israel conflict and on robust summer fuel demand, trade sources said.

The August official selling price (OSP) for flagship Arab Light crude may increase by 50-80 cents to between $1.70 and $2 a barrel from the previous month, five sources from four refineries said in a Reuters survey.

5. China-Kyrgyzstan-Uzbekistan railway project launched

The China-Kyrgyzstan-Uzbekistan railway construction has officially begun in Kyrgyzstan, a major step in regional infrastructure development. The project was announced by the Cabinet of Ministers of Kyrgyzstan, according to Trend.

Deputy Prime Minister Bakyt Torobaev convened a meeting with key stakeholders to review the project's progress.

Tags