Editor's Picks
Opinion
Travel & Tourism
The study draws on the views of 1,300 people from government, international organizations, civil society, the private sector and academia, spanning every region of the world. They rated 28 political, economic, environmental, societal and technological threats…
Most Read
Share It!
World News
The study draws on the views of 1,300 people from government, international organizations, civil society,…
These transfers, known as remittances, grew by 94 per cent between 2016 and 2025, far…
Features
Subscribe to Updates
Get the latest creative news from FooBar about art, design and business.
Health & Fitness
Trending Now
To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and…
Latest Articles
The six-month-old US war against Iran has cost $38bn so far and that amount is projected to rise by $3bn a month, Congress’ nonpartisan bookkeeper reported Tuesday, as the Trump administration searches for ways to end the conflict and reopen the vital Strait of Hormuz.The war is expected to increase inflation by 0.5% in the first three months of 2027, according to the Congressional Budget Office accounting, which totaled expenses through August 1.The mounting costs have strained US munitions stockpiles and driven up energy prices, raising concerns about the country’s ability to respond to other potential conflicts and adding pressure on an already stretched federal budget.The cost was close to the $37.5bn that Defense Secretary Pete Hegseth reported at a Senate hearing on July 21.The budget office said the majority of the costs stem from the rapid drawdown of munitions, estimating that it could take five years to replenish US stockpiles. Reuters reported in August that the US had used “virtually all” of its long-range precision missiles during the war.The Department of Defense did not cooperate with congressional financial auditors, CBO reported.Representatives from the White House and Department of Defense did not immediately respond to requests for comment.The inquiry was conducted at the request of the top Democrat on the US House of Representatives Budget Committee, Brendan Boyle of Pennsylvania.”Donald Trump’s disastrous war in Iran has already taken the lives of brave American service members and left others wounded,” Boyle said in a statement.”Beyond that human toll, this nonpartisan CBO report makes clear that the war has also cost American taxpayers tens of billions of dollars and counting, while continuing to drive up costs.”Eighteen US military service members have died in the Iran war.The report did not include costs of recent strikes on commercial vessels in the Strait of Hormuz and attacks on US military installations in the region. It also did not factor in the borrowing expenses associated with financing the war, which could add tens of billions of dollars to the total cost.The CBO accounting found the war could have sprawling consequences for the US defense posture and the domestic economy.The deficit in critical munitions, including missile interceptors, risks hampering the Pentagon’s response in the event of another major conflict, such as potential hostilities involving China and Taiwan, CBO said.At the July hearing in the Senate, Hegseth pleaded for nearly $90bn emergency funding legislation to restock munitions supplies.”Without these funds, we face critical shortfalls,” Hegseth said.Energy shocks caused by attacks in the Strait of Hormuz — the narrow waterway through which roughly 20% of the world’s oil traveled before the war — and on energy facilities in neighboring Gulf countries have sharply increased prices for consumers and global producers.The rising cost of the war also threatens to weigh on deteriorating US fiscal health. The nation’s total public debt surpassed $40tn in August.Trump regularly contrasts the Iran war with the US invasions of Iraq and Afghanistan that followed the September 11, 2001, attacks.The eight-year US war in Iraq, which involved more than 100,000 ground troops at its peak, cost $2tn, Reuters reported. The two-decade-long US conflict in Afghanistan, which also involved more than 100,000 troops at its most intense, cost $2.3tn, according to Brown University’s Costs of War project. Related Story Source link
Khaled finished with figures of 5 for 42 from 15.5 overs, including four maidens. TBS Report 16 September,…
Ukrainian President Volodymyr Zelensky said he would be willing to meet Russian leader Vladimir Putin at the G20 summit in Miami for talks on ending the war, in a media interview released yesterday. But the Kremlin said it had not yet made a decision on whether Putin would attend the gathering of world leaders on December 14-15, and repeated the Russian leader’s demand that Zelensky come to Russia for talks. Putin has repeatedly rejected offers for a face-to-face meeting with Zelensky aimed at brokering an end to more than four years of war. But the latest offer comes as Washington seeks to kick-start long-stalled talks onEurope’s deadliest conflict since World War II, with US negotiators visiting Kyiv and Moscow and President Donald Trump and Putin this week holding talks over the phone. The US holds this year’s presidency of the Group of 20 major economies, which comprises 19 countries plus the European Union and the African Union, and Russian’s finance minister has already attended one G20 meeting. Asked whether he would be willing to meet Putin at the December summit if both leaders were invited, Zelensky told German broadcaster Deutsche Welle: “Yes, of course.“We have to come. We have to meet, to speak, and make decisions. It’s not about words. What I will tell him or what he wants to tell me, it doesn’t matter.” All that mattered were “results”, he added. But Kremlin spokesman Dmitry Peskov was cited by Russia’s TASS news agency as saying that “we do not know yet whether we will be going to Miami”. Peskov repeated Putin’s demand that Zelensky come to Russia — which launched a full-scale invasion of Ukraine in 2022, triggering the war — for any talks: “If he really wants to meet Putin, then Putin has said before that he can fly to Moscow.” In June Zelensky said he had proposed meeting Putin in the US during a call with Trump, and was waiting to see what came of it.The Ukrainian leader previously said that Putin ignored an invitation to meet him at a G7 summit in France the same month. Last weekend, US negotiators Steve Witkoff and Jared Kushner visited Moscow and Kyiv.In the Deutsche Welle interview, which took place Friday in Canada, Zelensky said that Witkoff and Kushner’s visit was a “good signal”, and it was important the pair had made a trip to Kyiv as well as Moscow. Zelensky has also announced he plans to meet Trump in late September, as Washington pushes for fresh face-to-face talks between Moscow and Kyiv. Asked about Ukraine’s position ahead of possible negotiations, Zelensky responded: “Ukraine now is much more stronger than last year on the battlefield. “That’s why we think that we have now (a) good position for negotiations.” Kyiv has said the talks could happen as early as this month, but the Kremlin on Monday said it was “too early” to discuss a venue or dates. Several previous rounds of negotiations have failed. Trust between the sides is low, and there is no sign that Moscow or Kyiv have shifted their positions. Both Moscow and Kyiv have escalated long-range strikes on each other in recent months, leading to the highest civilian death toll since the early days of the war. Source link
Leaders pose for a family photo during during the Brics summit in New Delhi yesterday. (Reuters) Iran and the United Arab Emirates (UAE) signed up to a joint statement from the Brics group of nations that called for restraint in the Middle East war yesterday, in what was seen as a sign of diplomatic progress between the countries divided by the war.Iranian President Masoud Pezeshkian also met the Crown Prince of Abu Dhabi on the sidelines of the first day of the New Delhi summit, in the countries’ highest-level meeting since the start of the conflict. The two leaders discussed regional and international issues, de-escalation, stability, and efforts to advance regional peace and development, the Abu Dhabi media office said on X, without referring to any resolution to the discussions. The Brics summit is a test of the diplomatic clout of a bloc set up in 2009 to challenge a world order dominated by the United States and its Western allies. It originally comprised Brazil, Russia, India, China and South Africa and expanded to include Egypt, Ethiopia and Indonesia as well as Iran and the UAE. Summit organisers and diplomats have been focused on bridging the Iran-UAE divide, even as the United States and Iran resume tit-for-tat strikes in the six-month-old war. Iran has launched repeated attacks on the UAE during the conflict, most recently in late August when it targeted the Al Minhad Air Base that housed US forces and helicopters. Egyptian…
In the markets of old Dubai, saffron, cumin, pistachios and almonds from Iran still fill the stalls, as if the two shores of the Gulf were not separated by war.Last month, the United Arab Emirates announced the suspension of trade and financial exchanges with Tehran, which has responded to American attacks by targeting the US-allied country and tightening its grip on the strategic Strait of Hormuz.But in old Dubai, where Iranian merchants are firmly established, they do not believe there will be a break in the ties forged over decades between the UAE's financial hub and southern Iran.Since the start of the war, certain Iranian products have become scarcer, and others have seen their prices soar, says Morteza Asaadi, who runs the grocery store his father founded in 1963. Most traditional foodstuffs, such as nuts or zereshk — small red berries used in Persian cuisine — remain available, however.’It's just coming. How? I don't know, but it's coming,’ he said.Two wholesalers interviewed by AFP on condition of anonymity said they are still sourcing from Iran, notably via Omani ports. ‘We can't export from the Emirates anymore, but we can still bring in certain goods,’ one of them said.In Yasser's saffron shop, the precious spice arrives by air from Mashhad, in northeastern Iran, thanks to the resumption of air links after a brief interruption.- Dubai's Iranian community Dubai is home to a large Iranian community, estimated at several hundred thousand people, which has contributed to the emirate's commercial development and weathered the various periods of tension with Tehran.After the US tightened its sanctions against the Islamic republic in 2012, ‘those in Dubai managed to convince their partners in Abu Dhabi that the trade, regardless of the sanctions, needed to continue because it was contributing to the UAE economy,’ Mehran Haghirian of the London-based Bourse & Bazaar Foundation think tank told AFP. In 2024, the UAE was the main entry point for goods into Iran, accounting for more than 30 percent of imports, worth $21 billion. It was also Iran's third-largest customer, absorbing nearly 12 percent of its exports, worth more than $7 billion, according to the World Trade Organization. Dubai is an important financial hub for Iranian businesses, with Washington accusing it of being a key node in financial networks used to circumvent sanctions. As part of its policy of economic pressure on Iran, the United States announced new measures at the end of August targeting Iran's trading partners, and sanctioned the director of the Dubai branch of Iran's Bank Melli. Source link
Players from both sides shake hands at the end of play on day four of the third Test…
