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MIDDLE EAST CONFLICT UPDATES
Iran says Hormuz won’t reopen until US ‘corrects’ its behaviorIran issued new demands for the Strait of Hormuz reopening and the UAE reported an Iranian missile attack. Yemen's military launched attack...- India's resilient economy to support markets but global risks remain elevated: SebiIndia's financial markets are poised for growth, buoyed by robust domestic economic fundamentals like strong consumer demand and proactive ...
- Israel shuts one of its consulates in China amid growing strain in tiesIn a significant shift, Israel has shuttered its consulate in Chengdu, China, effectively ending operations last month. This decision refle...
- Saudi Arabia, Turkey and Pakistan sign joint defence deal amid regional turmoilSaudi Arabia, Pakistan, and Turkey signed a joint defense pact in Mecca. This agreement aims to strengthen collective deterrence against ag...
- Iran warns Gulf states of strikes on energy assets if US attacks resumeIran has warned Gulf states of retaliatory strikes on their energy and water facilities. This diplomatic push aims to deter further United ...
- As Iran war drags on, Americans are bracing for more chaos in Middle East, Reuters poll findsAccording to recent surveys, many Americans fear that the ongoing U.S. war with Iran could destabilize the Middle Eastern region. Disruptio...
- Global Market: UK stocks rise after services PMI signals economic recoveryBritain's services sector returned to growth in July, with the S&P Global Services PMI rising to 52.1 as stronger domestic demand and easin...
- Global Market: China stocks hit one-week high as chip rally offsets optical module slumpChinese equities climbed to a one-week high, led by semiconductor stocks, while Hong Kong shares edged higher. Improving global risk sentim...
- Yen finds footing after intervention, dollar near 6-week low on Mideast hopesCurrency markets took a breather as the Japanese yen gained traction, influenced by recent intervention measures. Meanwhile, the U.S. dolla...
- Iran, Oman near Hormuz reopening deal as talks advanceIran and Oman are making progress on a deal to reopen the Strait of Hormuz. This potential agreement involves shared control and service fe...
- Global Market: Saudi Aramco Q2 profit jumps 44% as Middle East conflict boosts oil pricesSaudi Aramco reported a 44% year-on-year jump in second-quarter net profit, beating analyst estimates as higher crude oil prices offset low...
- Global Market: European shares edge higher as earnings offset Middle East concerns; Lufthansa, Zalando slideEuropean shares saw modest gains as investors reviewed corporate earnings reports. Energy stocks edged higher while oil prices rebounded fr...
- Factories faced weaker demand, higher costs in July as Iran war grinds onIn July, China's manufacturing activity experienced a decline attributed to dwindling demand alongside escalating costs. Meanwhile, the Eur...
- Trump says Gulf leaders' input weighed heavily in decision to hold off new Iran strikesUS President Trump opted against launching new strikes on Iran after receiving counsel from Gulf allies, advocating for diplomatic solution...
- Global Market: Euro zone, US bond yields log biggest monthly rise since March on Middle East inflation concernsEuro zone and US bond yields recorded their largest monthly increase since March as Middle East conflict concerns renewed inflation fears. ...
- 16 Indians, including 10 seafarers, killed in Middle East conflict: GovtSixteen Indian nationals, including ten seafarers, have died in the Middle East conflict this year. Seventy-five Indians sustained injuries...
- US inflation slows in June, but reversal likely amid Middle East conflictUS inflation slowed in June, but oil prices may cause a temporary easing. The Personal Consumption Expenditures Price Index rose 3.7 percen...
- Oil prices slip as tankers continue to ply Middle East conflict zonesOil prices saw a decline as tankers continued to move out of the Middle East. Escalating tensions and expanded conflict fronts are impactin...
- Lamborghini profit slips as tariffs, Middle East conflict weighLamborghini's operating profit declined over eight percent in the first half. This reflects sector-wide fragility spurred by tariffs and Mi...
- LVMH sales rise as US luxury demand offsets Europe slowdown, Iran War impactLuxury giant LVMH saw quarterly sales increase, boosted by strong United States demand. This growth helped offset weaker spending in Europe...
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