LONDON: An influx of taxes paid by businesses put Britain’s budget deficit on track to meet official forecasts at the start of the 2025/26 financial year, welcome news for finance minister Rachel Reeves as she seeks to repair the public finances. Official data on Friday showed public sector borrowing for May was 17.686 billion pounds…
SHANGHAI: Small, fuzzy and baring sharp teeth, Chinese toymaker Pop Mart’s Labubu monster dolls have taken over the world, drawing excited crowds at international stores and adorning the handbags of celebrities such as Rihanna and Cher. Beijing-based Pop Mart is part of a rising tide of Chinese cultural exports gaining traction abroad, furry ambassadors of…
SINGAPORE: Oil prices fell on Friday after the White House delayed a decision on U.S. involvement in the Israel-Iran conflict, but remained on course for a third consecutive weekly rise. Brent crude futures fell $2, or 2.5%, to $76.85 a barrel by 0648 GMT but still looked set to gain more than 3% on the…
JERUSALEM: Israel’s military said Friday it struck dozens of targets in Tehran overnight, including what it called a centre for the “research and development of Iran’s nuclear weapons project,“ in the eighth day of war between the two foes. In a statement, the army said it had “completed a series of strikes in the heart…
JERUSALEM: Israel and Iran exchanged fire again on Friday, a week into the war between the longtime enemies. Here are the latest developments: Iran meetings European top diplomats are meeting with Iran’s Foreign Minister Abbas Araghchi in Geneva on Friday to discuss Iran’s nuclear programme. “I’ve received several phone calls reassuring me that the Zionist…
TOKYO: A total of 87 Japanese nationals and their family members have evacuated from Iran and Israel amid intensifying tensions in the Middle East, the Japanese government said Friday. According to Kyodo news agency, the evacuees arrived by bus in Azerbaijan and Jordan as local airports remained closed and none had health issues, Foreign Minister…
TURKEY: Sitting in his spacious office with a view of the Black Sea, Tayfun Denizer smiles: his rainbow trout, raised in submerged cages, have made him a wealthy man. “Our exports surged from $500,000 in 2017 to $86 million last year, and this is just the beginning,“ said Denizer, general manager of Polifish, one of…
SYDNEY: Australia has shuttered its Tehran embassy and ordered officials to leave Iran, the government said Friday, citing a “deteriorating security situation”. It joins a string of countries closing diplomatic missions in Iran since Israel launched air strikes a week ago, claiming its arch enemy was on the verge of developing a nuclear weapon. Australia…
BEIJING: Chinese President Xi Jinping said on Friday that Beijing had “no fundamental conflicts of interest” with New Zealand, as he welcomed Prime Minister Christopher Luxon on an official visit. Luxon’s trip comes at a time of tension with New Zealand’s close partner the Cook Islands over its ties with Beijing. The self-governing Pacific island…
WELLINGTON: Cook Islands Prime Minister Mark Brown on Friday defended a string of contentious deals with China, saying they did not “compromise” the Pacific island nation’s sovereignty. The agreements prompted major donor New Zealand to halt aid funding to close partner the Cook Islands, citing a “lack of consultation”. The Cook Islands has a “free…
