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The World Trade Organization warns that the Middle East war could sharply slow global trade growth this year. Rising energy prices may increase risks to food security and add cost pressures for consumers and businesses.
The Tel Aviv Stock Exchange ended slightly higher, led by gains in Tower and Shapir, while Elbit Systems fell on profit taking. The shekel strengthened against both the dollar and the euro.
An Iranian strike forced a United States stealth fighter jet to make an emergency landing, escalating tensions in the widening war. Regional attacks on energy infrastructure have driven oil prices higher and intensified global concern.
Federal Bureau of Investigation Director Kash Patel said agents who worked on the Mar-a-Lago documents investigation were fired for ethics violations. The dismissals are being questioned by lawmakers and the agents' professional association.
An Iran-backed Iraqi group says it will halt attacks on the United States embassy in Baghdad for five days under specific conditions. The pause depends on developments in Lebanon and an end to strikes on residential areas in Iraq.
Aid groups have warned that Government cuts to overseas assistance will cause widespread harm and damage the United Kingdom’s global standing. Ministers say difficult choices are needed but insist the country will remain a leading development partner.
A Michigan synagogue released photos showing extensive fire damage after a man drove a truck into the building and killed himself. Authorities said no children or staff were injured, and a motive has not been determined.
War between the United States, Israel and Iran has disrupted Dubai’s once-thriving luxury retail scene. With tourism stalled and security concerns rising, analysts warn sales could be cut in half if the conflict continues.
Nigel Farage has called for a ban on all mass religious observances in public spaces after a Ramadan event in Trafalgar Square sparked political controversy. The issue has intensified debate between Reform, the Conservatives, and the Prime Minister over freedom of religion and public expression.
The Bank of England kept interest rates at 3.75 per cent as soaring energy prices stoke inflation fears. Markets are now betting on further rate rises, pushing up mortgage costs and deepening pressure on households.
Iran has expanded missile and drone attacks to several Gulf nations as pressure from Israel and the United States intensifies. The strikes highlight Tehran’s opposition to growing regional cooperation, even as momentum builds for expanded diplomatic agreements.
Senator John Fetterman said he believes opposition to President Donald Trump is currently guiding the Democratic Party. He criticized fellow Democrats for refusing to acknowledge policies they agree with when they come from the opposing party.
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