Category: English

The global oil market is showing signs of a ​return to excess supply as demand drops due to high prices, analysts and traders said, despite the lack of a resolution to ‌the Iran war, which has disrupted exports from the Middle East since March. The market was widely expected at the start of 2026 to be in a surplus, but the outbreak of the Iran war in late February led to what the International Energy Agency called the world’s biggest ever supply disruption and cut Middle East exports, overturning the…

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Iran has sent the United States a nuclear proposal via Qatar, to ​be discussed only after Washington meets Tehran’s seven demands, ‌a senior Iranian official told Reuters on Thursday. The official, who spoke on condition of anonymity, said the US was reviewing the proposal but ​declined to provide further details. Mediators have intensified efforts to ​end the war between Iran and the United States ⁠amid fears it could reignite after the US midterm ​elections, with Trump on Tuesday declining to rule out a resumption ​of combat operations after the vote…

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At least eight people were killed and 20 others injured after a passenger coach collided with a dumper truck on the Hazara Motorway in Abbottabad on Friday, prompting two major hospitals to declare an emergency. According to the Abbottabad Deputy Commissioner, the injured were immediately shifted to nearby hospitals, where they are receiving medical treatment. An emergency was declared at Benazir Shaheed Hospital and Ayub Medical Complex to ensure immediate medical assistance for the injured. Further details about the cause of the accident and the identities of those killed are…

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US President Donald Trump has threatened further military action against Iran, saying Washington may have to “destroy” the rest of the country, without specifying what strikes could follow, according to Gulf News. US Defence Secretary Pete Hegseth is also facing growing pressure over the war, with Democrats planning congressional action while some Republicans blame the conflict for their party’s election losses. Meanwhile, Iranian Foreign Minister Abbas Araghchi held talks with regional counterparts on security and efforts to de-escalate tensions. Russian President Vladimir Putin also met Iran’s security chief. Separately, Saudi…

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Jailed former Malaysian Prime Minister Najib Razak’s fine has been paid as part ​of the terms of a royal pardon, his ‌political party said on Friday, paving the way for his transfer to house arrest. Najib, prime minister from 2009 to 2018, was found ​guilty of corruption in relation to the embezzlement of ​billions of dollars tied to 1Malaysia Development Berhad, a ⁠state investment fund he co-founded while in power. He has ​consistently denied wrongdoing. Malaysia’s king agreed in September to allow jailed ​Najib to serve the remainder of his…

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Chen Lifeng, who runs a Chinese company exporting dresses to Europe, says the yuan’s recent strength has made his products too expensive and has all but swallowed his profit margins. “It has hurt our ability to take orders. We barely have any ​profit left,” said Chen, the owner of Ningbo Tengsheng Garments in eastern Zhejiang province. “If it keeps rising, we won’t be able to stay in business.” His concerns underscore a dilemma for Beijing. While European ‌leaders and IMF officials argue the yuan remains undervalued and unfairly benefits exporters,…

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Pope Leo leaves on Friday ​for an ambitious 12-day trip across South America expected to attract millions-strong crowds, as the first US-born pope returns to a Catholic stronghold where ‌he lived for decades as a missionary. Leo, who is 71 and underwent lung cancer surgery last month, will visit Uruguay, Argentina and Peru through November 17 on one of the most demanding overseas tours undertaken by a Catholic leader in decades. The Vatican said this week that the pope had completely healed from his operation and no special precautions were…

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Democrats are framing their sweeping midterm victory as a mandate for change, but already disagree over how far voters want them to go. Beyond broad agreement on tackling “affordability,” Democrats disagree over whether voters also gave them license ​to investigate President Donald Trump and his family aggressively, and on progressive priorities such as government-run “Medicare for All” healthcare. This week, consensus emerged on a handful of big-ticket items Democrats aim ‌to pursue once the new Congress convenes in January: making Obamacare health plans more affordable, reversing some of Trump’s cuts…

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Democratic socialist-backed candidate ‌Nithya Raman defeated incumbent Karen Bass in a closely fought race for Los Angeles mayor. Bass conceded on Thursday to one of the latest among a new wave of fast-rising democratic socialists and progressives who have dethroned centrist politicians in recent elections across the country. Raman, ​a city council member, advocate for the homeless and former ally of Bass, stunned the political establishment ​in the second-largest US city when she challenged the mayor. She is the first ⁠Los Angeles mayoral candidate to defeat an incumbent since 2005.…

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At least 11 people were killed and 33 injured when a passenger bus collided with a 10-wheeler truck on Depalpur Road in Punjab’s Pakpattan district on Thursday. The bus was travelling from Multan to Kasur when it hit the truck. The impact was so severe that 11 people died on the spot. Rescue teams and police reached the site soon after and began relief work. The bodies and the injured were shifted to the District Headquarters (DHQ) Hospital in Pakpattan, where the injured are receiving treatment. An emergency has been…

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