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Japan to Sell More Rice Reserves as Prices Soar

Japan will sell more rice from its emergency stockpile through July in an attempt to stabilize soaring prices, the agricultural minister said Wednesday. After rice prices nearly doubled year-on-year, the government began auctioning its stockpile last month -- the first time since it was started in 1995. "In order to stabilize rice prices ...

Italy’s Prada Says to Buy Rival Versace for 1.25 Bn Euros

Italian fashion house Prada announced Thursday that it had reached a deal with US group Capri Holdings to buy Versace for 1.25 billion euros ($1.39 billion). The acquisition will create a luxury group with revenues of over 6 billion euros, which could better compete with industry giants such as the French conglomerates LVMH and Kering amid a ...

Customs Duties: When China Gets Hit with a Tax — and We Get a Shock at the Checkout!

American president Donald Trump announced on Wednesday that he would suspend his “reciprocal” customs surtaxes for 90 days. However, this decision does not apply to China. With the new American customs duties taking effect — reaching an impressive 104% for certain Chinese products — many American companies that have long relied on China to ...

Trump’s Tariff Disruption: Chaos or Strategy?

In the age of globalization, few leaders have dared to question the structure that underpins the modern world economy. Donald Trump didn’t just question it, he took a wrecking ball to it. His tariff-first economic approach, widely criticized as reckless, may actually represent the beginning of a hard but necessary conversation: Should America ...

Zelensky Says Russia Dragging Beijing Into War by Recruiting Chinese Fighters

President Volodymyr Zelensky on Wednesday said Russia was "dragging" China into the war in Ukraine, as he accused Beijing of knowing that dozens of its citizens were being recruited by Moscow's army to fight. Zelensky -- whose war leadership has hit turbulence with Donald Trump in the White House -- also said that Kyiv was ready to buy up to $50 ...

‘Always Be Drunk:’ Remedy or Illusion in the Face of Existential Emptiness?

In The Spleen of Paris, Baudelaire advises the reader to “always be drunk. That’s it: the only question. In order not to feel the horrible burden of Time, breaking your shoulders and bending you toward the earth, you must get drunk without ceasing. But on what? On wine, on poetry, or on virtue, as you wish. But get drunk.” This work ...

HTS: From a War Economy to a Fully-Functioning State

After seizing control of most of the Idlib region, Hay’at Tahrir al-Sham (HTS) evolved from a mere Islamist group into a de facto governing authority responsible for millions of civilians. It was thus forced to rebuild an economy ravaged by years of war while also shifting the sources of its internal funding. Following Jabhat al-Nusra’s split ...

US Targets Zuckerberg’s Social Media Empire

Barring any eleventh-hour intervention, social media juggernaut Meta will stand trial next week facing serious US government allegations that it abused its market power to acquire Instagram and WhatsApp before they could become competitors. By moving forward, the trial in a Washington federal court dashes any hopes from Meta boss Mark Zuckerberg ...

New U.S. Sanctions on Iranian Oil

The United States has intensified sanctions against a growing number of oil tankers and companies accused of being involved in the trade of Iranian oil, Bloomberg reported,. Nine ships and eight companies have been added to the sanctions list, according to a government statement released on Thursday. Among the vessels targeted is the MS Enola, ...

Those Who Bear Arms Are Not the New Faces of Revolution

The concept of counter-revolutions is far from novel. Throughout history, each revolution has been met with an opposing force determined to challenge the revolutionaries and regain lost ground. As political movements evolved alongside society, the nature of revolutions changed, increasingly relying on military coups, shifts in power dynamics and ...

Syrian President Sharaa Meets With EU Chief von der Leyen: State Media

Syria's President Ahmed al-Sharaa met with European Commission chief Ursula von der Leyen on Friday, state media said, as she became the highest ranking EU official to visit since longtime ruler Bashar al-Assad was ousted. After the meeting, Ursula von der Leyen said Europe would do everything possible to assist Syria's recovery and ...

Iran Executes Another 'Political Prisoner,' NGO Says

Iran on Thursday hanged a man convicted of membership in a banned opposition group, the judiciary said, with an NGO describing him as the latest "political prisoner" to be executed in an unprecedented trend. Sultan Ali Shirzadi Fakhr was hanged on charges of membership of the People's Mujahedin (MEK) and "collaboration with the Israeli regime's ...

Aoun’s Anticipated Washington Visit a Rare Opportunity for Lebanon

As Lebanon prepares to continue U.S.-mediated talks with Israel later this week, a potential trip by President Joseph Aoun to Washington is increasingly being viewed in Beirut as a rare opportunity that cannot be missed. “President Aoun should absolutely go to Washington,” Lebanese Forces MP Ghayyath Yazbeck told This is Beirut.  “He ...

U.S. Sanctions 12 Iran-Linked Individuals, Entities Over China Oil Sales

The United States on Monday issued sanctions against 12 individuals and entities that it said facilitated the sale and shipment of Iranian oil to China, days ahead of U.S. President Donald Trump's visit to Beijing. In a statement, the U.S. Treasury alleged that Iran's Islamic Revolutionary Guard Corps (IRGC) "relies on front companies in ...

Lebanese PM Pushes Border Crackdown and Security Coordination During Damascus Visit

Lebanese Prime Minister Nawaf Salam concluded his visit to Damascus on Saturday by emphasizing tighter border controls, anti-smuggling efforts, and expanded Lebanese-Syrian security coordination, signaling a shift in Beirut’s approach toward Syria amid growing pressure over Hezbollah-linked activity along the border. Speaking at the end of ...

Arrival of Third U.S. Carrier Marks First Triple Deployment in Middle East Since 2003

For the first time since the 2003 Iraq War, the United States has deployed three aircraft carrier strike groups simultaneously to the Middle East, marking a major escalation in its military posture in the region, according to the United States Central Command. The latest deployment follows the arrival of the USS George H. W. Bush strike group, ...

Berri Navigates Lebanon’s Ceasefire Opening

A fragile U.S.-brokered ceasefire has opened a narrow political window for Lebanon, with Parliament Speaker Nabih Berri’s stance on the talks evolving amid diplomatic contacts with Saudi Arabia. The latest came in a phone call with Saudi Foreign Minister Faisal bin Farhan Al Saud hours before a second round of talks with Israel on ...

NATO 'Will Always Defend' Turkey: Chief Says

NATO chief Mark Rutte said on Wednesday the alliance would do "what's necessary to defend" its members, including Turkey, after intercepting four missiles fired from Iran and heading into Turkish airspace over the past weeks. A member of the U.S.-led defense alliance, Turkey, which borders Iran, has been largely spared the sort of retaliation ...

Reports Point to Expanding Israeli-UAE Security Coordination During Iran Conflict

Cooperation between Israel and the United Arab Emirates reportedly deepened during the recent conflict involving Iran, according to reports from The Wall Street Journal and Bloomberg detailing high-level intelligence coordination and joint security measures between the two countries. According to The Wall Street Journal, David Barnea, the head of ...

No Date Set for Next Round of Iran-U.S. Talks: Iran Deputy FM

No date has been set for the next round of Iran–U.S. peace talks brokered by Pakistan following the failure of an initial round, Iran's deputy foreign minister said on Saturday. "Until we agree on the framework, we cannot set a date," Saeed Khatibzadeh told journalists on the sidelines of an annual diplomatic forum in Turkey's southern Antalya ...

Hegseth Hails Iran Victory as U.S. Military Presence Continues

U.S. Defense Secretary Pete Hegseth said Wednesday that American forces have achieved a “historic and overwhelming victory” against Iran, while stressing that U.S. troops will remain deployed in the region to ensure compliance with a tentative peace agreement. Speaking at a Pentagon press conference, Hegseth underscored that despite President ...

Defiant Iran Ramps up Attacks After Trump Warning

Iran launched fresh attacks across the Middle East on Monday and threatened "devastating" retaliation, after US President Donald Trump's expletive-laced warning that Tehran must reopen the Strait of Hormuz. Israel, Kuwait and the United Arab Emirates reported a barrage of missile and drone strikes early Monday. The attacks came as Tehran ramped ...

On the Streets of Tehran: Teenagers Armed With Machine Guns

In the security crackdown ordered by Iranian authorities since the start of the war, an unsettling new sight on the streets of Tehran has put residents on edge: teenagers armed with machine guns. During the first weeks of the war against the United States and Israel, checkpoints sprang up around the capital, often comprising police or military ...

Israel Strikes Tehran as Trump Says Iran Deal May be Reached 'Soon'

Israel said Monday it was striking military targets across Tehran, a day after US President Donald Trump insisted a deal could "soon" be reached, while not ruling out ground operations. Iran also launched fresh strikes on Israel, Kuwait and Saudi Arabia after its electrical facilities came under attack at the weekend, cutting power to parts of ...

Trump Warns Iran of Decisive Action, Signals No Need for Chinese Mediation Ahead of Beijing Visit

Answering questions from the press before departing for China, U.S. President Donald Trump outlined a series of strong positions regarding Iran, its nuclear program, and the ongoing regional tensions. Trump said he intends to hold an extended discussion with Chinese President Xi Jinping concerning the war involving Iran, suggesting that the issue ...

UAE 'Denies Reports' of Secret Netanyahu Visit

The United Arab Emirates said Thursday it "denies reports" that Israeli Prime Minister Benjamin Netanyahu secretly visited the country, after Netanyahu's office said he had met with the UAE president during the war with Iran. Netanyahu's office said Wednesday he had "paid a secret visit to the United Arab Emirates" ...

Ali Larijani, Iran’s strategic mastermind and de Facto Ruler

Israeli Defense Minister Israel Katz confirmed on Tuesday that the Israeli army had killed Ali Larijani, secretary of Iran's Supreme National Security Council, in an airstrike in Tehran as part of its operation against Iran. Larijani’s death comes amid an open war following the killing of Ayatollah Ali Khamenei in late February—an event that ...