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Greek officials and residents of a region west of the capital Athens on August 5, 2026, began to assess the damage suffered by homes, businesses and…
A projectile struck an Indian-flagged vessel near Yemen, causing it to capsize and sink, but all 14 seafarers on board were rescued, India’s shipping minister Sarbananda Sonowal said yesterday in a post on X. All 14 crew members, including 13 Indians, were rescued by the Yemeni Coast Guard and taken to the Port of Mokha, Sonowal said. The commercial vessel, MSV Faize Noore Oliya, sank in the Red Sea off the coast of Yemen on August 4, India’s Foreign Ministry said, adding that it is co-ordinating with the Yemeni authorities over this incident. Indian refiners have switched to cargoes from the Middle East on a delivered basis since the Houthi attacks on several Saudi tankers.Red Sea traffic has been disrupted off the coast of Yemen by the Tehran-aligned Houthis, who want to blockade Saudi exports, expanding the US-Iran conflict that has already choked oil supply through the Strait of Hormuz. Source link
Mourners light candles before the portraits of mountaineer Nirmal Purja and his companions, who were killed in an avalanche in Pakistan, during a memorial ceremony in…
The United States was hopeful that a deal to reopen the Strait of Hormuz would be done “today or tomorrow”, a top official said yesterday, sending oil prices tumbling on optimism for increased shipments in the vital waterway. US Treasury Secretary Scott Bessent told broadcaster CNBC “there is a chance we may have a deal” in the coming hours, echoing remarks from President Donald Trump the day before. Speaking from the White House on Monday, Trump kept up his now familiar combination of optimism for diplomacy and bellicose threats, warning that this was Iran’s “last chance before decapitation”.Underlining the fragility of the situation, one crew member was listed missing yesterday on a merchant ship hit by a projectile in Hormuz, with fire erupting in the accommodation area. To Page 5 In what has become a regular pattern, Trump last week threatened to hit Iran “very hard”, potentially with attacks against civilian infrastructure, only to pull back later, hinting that a deal was near.But Iran’s foreign ministry denied negotiations with Washington were taking place, even as Trump insisted they were happening “right now”. Secretary of State Marco Rubio said yesterday that the United States was involved in negotiations between Oman and Iran on increasing traffic through the Hormuz.“There’s been progress made in those talks but not finality yet. We’re hoping that will happen very shortly,” he told journalists. Trump had previously said he expected to know by yesterday how the talks were going, “one way or the other”, but insisted “it’s not very complex”.Early yesterday, Britain’s maritime security agency UKMTO said an unnamed cargo vessel had been struck by an “unknown projectile” in the Strait of Hormuz off the coast of Oman. Iran continues to impose an effective blockade on the strait and insists ships coordinate crossings with it. Yesterday, the Indian ship MSV Faize Noore Oliya sank in the Red Sea off Yemen following an unattributed attack, with all of its crew rescued, according to India’s foreign ministry and a local official in Yemen.“The targeting of commercial shipping in the region must end,” a foreign ministry spokesperson said. Source link
Business travel in the Gulf has become more intensive and rapid, with executives consolidating numerous meetings, site visits, and airport transfers within one working day. In this type of planning, ground transportation is the most underestimated variable by most organizations. The car that transports a visitor from the airport terminal to the boardroom is now part of the business travel itinerary rather than an afterthought, and how this is organized can determine if the day falls apart or works.With regards to the more affluent portion of that market, the calculation has gone beyond comfort. A late arrival can reset negotiations, and an unpredictable transfer can erase hours of preparation. The premium rental segment is increasingly being seen as an operational decision involving time, reputation and cost, rather than a voluntary luxury.The Arrival and What It SignalsMost of the business sectors in the Gulf have retained relationship-driven commerce, where first impressions hold economic significance long before the actual terms of business are discussed. The type of car that a visitor arrives in is interpreted either consciously or unconsciously as a reflection of their social status and level of earnestness. Therefore, driving an expensive car creates a sense of prestige before any conversation occurs, especially during the critical period when potential business partners assess each other.Fleet depth is what makes that judgement practical rather than cosmetic. Operators in the premium tier compete on range, and a company booking through Trinity Rental can select from a fleet of more than 80 cars, most of them under a year old and barely driven, with the latest 2024 models among them. A luxury sedan suits a quiet client dinner; an exotic model may be chosen for a product launch or a visiting VIP; a discreet executive car fits a regulatory meeting where restraint reads better than a statement. The aim is appropriateness, not display, and a wider fleet gives a traveller more room to get that call right.Time and Control on a Compressed ScheduleThe most obvious benefit of a premium car booked in advance is time control. Rideshares and street taxis add time-related variables that can’t be absorbed by a tight schedule: surge pricing during peak times, drivers who do not know the specific tower or the free-zone entrance, and unexpected long wait times. An unknown situation is handled by a pre-booked premium car.Several recurring points of friction disappear once the car is booked ahead: Airport pickups timed to the flight rather than to app availability, including after a delayed landing. One vehicle held for the full day, so there is no repeated hailing between appointments. Routing handled by a driver who already knows the district, its access gates and its parking. A price fixed at booking, which keeps a transfer from inflating during rush hour.An executive who needs to rent car in Dubai for a week of consecutive meetings sees that predictability as the difference between arriving calm and arriving embarrassed. The time savings at each transfer add up over the course of a trip. It may not always be listed in an expense report, but it determines how much work is actually completed. Working En Route with a Professional DriverThe subsequent level involves the activities taking place inside the vehicle once it is operational. In this context, a chauffeured arrangement turns travel duration into an opportunity for work, allowing an executive to attend to calls, go over paperwork, or prepare for the upcoming meeting instead of dealing with traffic. During an entire day of travel between different districts, these regained time spans accumulate to an addition of productive capacity instead of a loss of hours. There is also a dimension of confidentiality. An isolated cabin is a more private space than a public vehicle where a stranger could be listening to the conversation about the figures being discussed. Moreover, a driver who understands the flow of the city can predict and avoid congestion, thus the passenger can concentrate on the conversation instead of the driver. As such, booking a car with driver is more about scheduling than it is about luxury, and a professional driver can be supplied on request for this very purpose. The same booking can switch to self-drive in case the schedule becomes more relaxed, so a manager driving between day meetings is also able to take the wheel in the evening for some personal time. One booking indeed provides two different travel options without a second contract. Predictable Cost and Corporate Cash FlowThe cost of premium rentals is where they earn a place on the finance team’s ledger. With regard to executive travel, the common complaint is rarely about the headline rate. Instead, it is the underlying and ancillary costs, deposits, excess-mileage charges, insurance “add” fees, and tolls that only appear on the final invoice. Total charge transparency addresses those concerns and transforms a variable cost into a fixed cost.A client can rent without a deposit, which means the corporate card is never ring-fenced, and the balance remains usable for the business instead of being parked as a guarantee. What the daily rate from Trinity car rental already covers is set out plainly and not added later: Included in the daily rateTreatmentToll-road chargesCoveredVATCoveredDaily distance300 km before any extraInsuranceFull coverTwo more administrative details that close the gap even further are the fuel policy and payment options. Each vehicle is delivered with a full tank at no charge, removing a persistent reconciliation item at return. In regard to payment, invoices can be paid via cryptocurrency, Visa or Mastercard, and even cash (which accommodates both a company card and a principal who wishes to pay privately). For a finance function, this results in a ground-transport line that can be proactively forecasted instead of being reactively reconciled post-event.Flexibility Across a Multi-City Gulf ItineraryIt is uncommon for a regional trip to remain in a single location. An itinerary might open in Dubai, then move to Abu Dhabi for a government meeting, and then close with a private engagement somewhere else in the emirate, meaning that the transport must keep up with each leg. Delivery makes this possible; an executive will never be left behind between segments of a journey. This is because a vehicle is brought to the hotel forecourt, the head office, or the arrivals terminal.A dedicated manager makes those logistics a single point of contact. Changes in plans, earlier flights, additional stops and other changes that would normally require a new booking can all be managed via one message. Continuity is essential for a compressed schedule and this is the elite service level corporate travelers have come to expect. They do not want a transaction at every city, but instead a flexible arrangement that enables them to make changes as their plans shift. A Changing Default for Ground TransportWhat used to be considered an incidental cost is now budgeted with the same attention to detail as flights and accommodation. With the Gulf’s increasing competitive business environment and expanding calendar, a reserved, all-inclusive vehicle is quickly becoming the working automotive default, rather than the exception, for those traveling to negotiate and close deals. Source link
Heavy rains and floods battered parts of southern India over the weekend, killing at least 11 and displacing thousands in the state of Kerala, and setting off a landslide that killed at least three in neighbouring Karnataka, authorities and news reports said. The death toll in rain-related incidents rose to 11 by Sunday and nearly 7,700 people were evacuated to around 275 relief camps across Kerala, a state government minister said.Kerala’s Chief Minister V D Satheesan said yesterday he would be meeting district officials to review relief camp arrangements. On Sunday, he said clean-up operations had begun in flood-affected areas. The state is likely to see strong winds and moderate rainfall in some areas yesterday, the state’s disaster management authority said. Heavy rains also forced closures of many schools across the state, while the government postponed a state-level teacher recruitment exam.In the northern neighbouring state of Karnataka, heavy rains triggered a landslide that killed a couple and their son on Saturday, newspaper the Hindu reported. Source link
Spider-Man: Brand New Day, Sony and Marvel’s latest chapter in the comic book adventure starring Tom Holland as the iconic web-slinger, raked in a massive $355mn in its North American debut, industry estimates showed Sunday. The opening was the second-biggest in domestic box office history, only behind Avengers: Endgame (2019) at $357mn, not adjusted for inflation, according to Box Office Mojo. The film — which also stars Zendaya (who happens to be Holland’s wife), Mark Ruffalo, Florence Pugh, and Sadie Sink — sees Peter Parker living in isolation after he erased his identity from the world, confronting a personal transformation and new threats. “This is a colossal opening,” said analyst David A Gross of Franchise Entertainment Research. “The summer has been without a big action title for nine weeks — an eternity at the box office. The market is ripe-ripe-ripe for this film.” Spider-Man — the ninth live-action film featuring the hero, previously played by Tobey Maguire and Andrew Garfield — earned an additional $573mn abroad, according to industry tracker Exhibitor Relations. That puts its worldwide total at a staggering $928mn. Source link
The US has signed a more than $3bn deal with Lockheed Martin and Northrop Grumman to ramp up production of Patriot and THAAD interceptor missile parts, as conflicts in Iran and Ukraine strain stockpiles.The deal, announced by the Pentagon and Northrop yesterday, follows last week’s announcement of a contract for Lockheed worth up to $58.6bn to produce Patriot interceptor missiles. The US has supplied large amounts of arms to allies while also using munitions in the Iran conflict, raising concerns about inventories of air defence and precision-guided weapons.The Pentagon said in its statement yesterday that the framework deal would allow production of Patriots to triple and THAAD systems to quadruple. The Center for Strategic and International Studies, a Washington-based think tank, estimated recently that the US military has fewer than 1,000 Patriot interceptors on hand and fewer than 250 THAAD interceptors — two key air defence systems. Both have been heavily used in the Middle East. Pentagon negotiators have pressed contractors to move faster with tentative production agreements struck earlier this year to increase missile output. Ukraine has run chronically low on supplies of Patriots, which remain the only weapon in its arsenal capable of downing ballistic missiles. The Pentagon said the agreement would establish a second source for PAC-3 solid rocket motors and ramp up output of ignition safety devices. The US has struck a similar framework deal with Raytheon’s parent company RTX to boost production of Tomahawk cruise missiles from the current rate of about 60 per year for the US to eventually 1,000 units annually. Source link
Americans picked Democrats over Republicans as better stewards of the economy for the first time in nearly a decade in a Reuters/Ipsos poll, which also found their approval of President Donald Trump’s performance falling to 35%. The finding, in a poll conducted Wednesday through yesterday, showed how Trump’s handling of the economy, including rising energy prices resulting from the Iran war, could weigh on his party’s chances in the November midterm elections that will determine control of Congress for the next two years. Trump’s presidential approval rating fell to 35% from 37% in a prior Reuters/Ipsos poll last month, with the share of Americans who approve of his presidency within just one percentage point of the lowest level of his term. Source link
Restriction could still be modified or shelved, sources sayOfficials hope to publish measure this yearMove seeks to avert entrenchment in critical US infrastructureChina says it will respond to measures that harm its interests The Trump administration is drafting a ban on US imports of new models of Chinese data center components, four people familiar with the matter told Reuters, as it seeks to protect the infrastructure that undergirds the AI boom.The Federal Communications Commission, which oversees the U.S. telecom industry, is working on the measure to bar imports of new Chinese optical transceivers, which allow data to travel over fiber-optic cables at the speed of light within data centers. Officials hope to publish it this year, when it would take effect.The move, not previously reported, aims to prevent Chinese firms from stealing data, installing malware or disrupting service at U.S. data centers, which house the chips to train and run AI models.The FCC could still modify or shelve the restriction, the sources stressed, speaking on condition of anonymity to discuss sensitive matters. But it is the latest example of the Trump administration trying to limit Chinese technological incursions into cutting-edge U.S. industries before they become embedded in the supply chain.”Transceivers definitely pose a risk,” said Divyansh Kaushik, an AI policy expert at Washington, D.C., advisory firm Beacon Global Strategies. “As the data center buildout scales up, you want to make sure the data center supply chain is secure from the get-go,” he added. Source link
