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Is a Trade Deficit Really That Terrifying?

If there is one thing on which the vast majority of serious economists agree, whether they lean politically left or right, it is that free trade and commerce are beneficial to a nation. Yet, this truth is being contested today. Trade deficits are generating a lot of ink in the media, and they are being used to justify counterproductive policies. ...

Red Crescent Says Israeli Troops Shot Gaza Crew 'with Intent to Kill'

The Palestine Red Crescent Society said on Monday that 15 medics and rescuers killed by Israeli forces last month in Gaza were shot in the upper body with "intent to kill." The killings occurred in the southern Gaza Strip on March 23, days into a renewed Israeli offensive in the Hamas-ruled territory. They have since sparked ...

Recovering Pope Makes Surprise Appearance with Crowd at Vatican Square

Pope Francis, who is recovering after a serious case of pneumonia, made a surprise public appearance Sunday as he mingled with crowds at the Vatican just two weeks after leaving the hospital. "A good Sunday to all. Thank you very much", the 88-year-old Pope said as he was wheeled through Saint Peter's Square in his wheelchair after ...

Under US Pressure, Iran May Withdraw from Yemen

According to information reported by British media outlet The Telegraph on Thursday, Iran has ordered its military forces in Yemen to withdraw from the country due to the intensification of US airstrikes on its Houthi allies. A senior Iranian official stated that the decision aimed to avoid a direct confrontation with the United States if an ...

Donald Trump 'Perfecting' New Tariffs as Nervous World Braces

US President Donald Trump kept the world's leading economies on edge Tuesday as he made final preparations for a "Liberation Day" announcement of sweeping new tariffs that could trigger a global trade war. Trump has promised to be "very kind" when he unveils the so-called reciprocal tariffs on Wednesday, but uncertainty reigned over which ...

Trump Upbeat after Speaking to Egyptian President on Gaza, Yemen

US President Donald Trump said Tuesday that he had a positive conversation with Egyptian counterpart Abdel Fattah al-Sisi on issues including Gaza, where Washington has proposed displacement of the population. "My telephone call with President El-Sisi, of Egypt, went very well," Trump wrote on his Truth Social platform, using another spelling for ...

Convalescing Pope Francis's Condition Improving: Vatican

A chest X-ray has confirmed a "slight improvement" in Pope Francis's lungs as he recovers from five weeks in hospital with life-threatening pneumonia, the Vatican said on Tuesday. The 88-year-old Catholic leader left Rome's Gemelli hospital on March 23 after a stay in which doctors said he had almost died twice, returning to the Vatican for a ...

US and Saudi Arabia Ink Massive $142 Billion Arms Deal

The US and Saudi Arabia signed a mammoth arms deal Tuesday that the White House called the largest "in history" amid a raft of agreements inked by Donald Trump and Saudi Crown Prince Mohammed bin Salman in Riyadh. "The United States and Saudi Arabia signed the largest defense sales agreement in history -- nearly $142 billion, providing Saudi ...

Protection Racket? Asian Semiconductor Giants Fear Looming Tariffs

Inside one of South Korea's oldest semiconductor research institutes, the cleanrooms and workshops are calm and immaculate, but outside the Seoul National University campus, a chip storm is brewing. Last month, Washington announced a national security probe into imports of semiconductor technology, which could put the industry in the crosshairs ...

Airport Operations Restored After Cairo Telecom Blaze Disrupts Internet

A major fire erupted at a key telecommunications hub in the Egyptian capital on Monday, the Cairo governorate said in a statement, causing significant phone and internet disruption. The health ministry said in a statement that 14 people had been injured in the fire. The blaze began on the seventh floor of the historic 10-storey telephone ...

Macron Says Europeans to 'Accelerate Negotiations' with Iran 

French President Emmanuel Macron said on Saturday that France and its European partners would ramp up talks with Iran following more than a week of hostilities between the Islamic Republic and Israel. "I am convinced that there is a way out of war and to avoid even greater dangers," Macron said on X after holding phone talks with ...

Pakistan to Nominate Trump for Nobel Peace Prize

Pakistan announced on Saturday that it would recommend U.S. President Donald Trump for the Nobel Peace Prize, recognizing his role in resolving the recent conflict between India and Pakistan – an accolade he has openly said he craves, Reuters reports. Some Pakistani analysts believe the move could be a calculated effort to influence ...

Khatchig Babikian: A Perfect Symbiosis of Lebanese and Armenian Identities

Christine Babikian Assaf offers us an unfinished yet invaluable work: the Memoirs of her father, Khatchig Babikian—a towering figure of Lebanese parliamentary history in the 20th century and one of the key architects of the Taif Agreement. Published under the title “My Lives”, this book is essential reading for anyone seeking to understand ...

Lebanon’s Tense Summer: When Fear Meets Humor

As summer gets underway, a new conflict, this time between Israel and Iran, has once again cast a shadow over Lebanon. “Our summers are always ruined,” says Karl bitterly. In his forties, he launches into a familiar lament, recalling the many local and regional summers marred by war that inevitably spill over into Lebanon and wear down the ...

Russia Steps out from Shadows in Africa with State Paramilitary

With the rise of a paramilitary force that analysts say is controlled by the Kremlin, Russia is openly expanding its state military footprint in Africa, after years of distancing itself from mercenaries deployed on the continent to support pro-Russian rulers. Russia is using the Africa Corps force to increase its influence in particular in ...

Putin, Xi 'Strongly Condemn' Israeli Strikes on Iran, Urge Diplomatic Solution

Russian President Vladimir Putin and his Chinese counterpart Xi Jinping on Thursday strongly condemned Israeli attacks on Iran in a phone call and stressed the need for a diplomatic solution, Moscow and Beijing said. Israel has launched an unprecedented wave of strikes at Iran that prompted Tehran to respond with its own attacks with missiles and ...

Gaza Rescuers say 25 Killed by Israeli Fire

Gaza's civil defense agency said Israeli fire killed at least 25 people on Thursday, including 15 who had gathered near an aid distribution site. Civil defense official Mohammad al-Mughayyir told AFP that 15 people were killed and 60 wounded, while waiting for aid in central Gaza's Netzarim corridor, where thousands of people have gathered daily ...

Gulf States on Iran's Doorstep Scramble for End of War

As Iran and Israel trade strikes and the US weighs joining in, wealthy Gulf states on the conflict's doorstep are engaged in frantic diplomacy to halt the war -- but solutions remain elusive. A spillover of the conflict or the Iranian government's collapse are both worrying outcomes for the energy-rich region, which hosts several major US ...

Iran-Israel War: Latest Developments

Israel and Iran exchanged fire again on Wednesday, the sixth day of strikes in their most intense confrontation in history, fueling fears of a drawn-out conflict that could engulf the Middle East. Here are the latest developments: Israel Says Hit 'Internal Security' HQ Israeli Defense Minister Israel Katz said Wednesday that air force jets had ...

WhatsApp 'Concerned' Services to be Blocked After Iran Calls to Delete App

WhatsApp said it was "concerned" that its services would be blocked in Iran after a state broadcaster urged the public to delete the messaging app, saying it was sharing data with arch-rival Israel. State television IRIB appealed to Iranians on Tuesday to delete WhatsApp from their phones, alleging that the app collected users' personal data and ...

G7 Shows Support for Ukraine but Avoids Condemning Russia Amid Trump’s Absence

Group of Seven leaders on Tuesday vowed greater support for Ukraine but stopped short of joint condemnation of Russia for its growing attacks, at a summit missing Donald Trump. The US president had been due to speak at the G7 summit with his Ukrainian counterpart Volodymyr Zelensky, with whom he has had a volatile relationship, but flew back ...

Day 6: Israel Strikes Key Iranian Sites, Tehran Fires Hypersonic Missiles

The conflict between Israel and Iran entered its sixth consecutive day on Wednesday with no sign of de-escalation, as both countries exchanged fresh missile strikes overnight. Israeli warplanes targeted several high-value sites in and around Tehran, while Iran responded by launching hypersonic missiles toward Tel Aviv and warning Israeli civilians ...

WhatsApp Introduces First Major Advertising Features

WhatsApp announced Monday it will introduce its boldest advertising features yet, marking a significant shift for the messaging platform that has largely remained ad-free since its launch. The move is a sensitive one for WhatsApp, whose chief firmly denied a report in 2023 that said the Meta-owned app was exploring advertisements as it sought to ...

Iran threatens 'more devastating' response to Israel's attacks

Iran's President Masoud Pezeshkian warned of a "more devastating" retaliation should Israel's nine-day bombing campaign continue, saying the Islamic Republic would not halt its nuclear programme "under any circumstances". Israel said on Saturday it had killed three more Iranian commanders in its unprecedented offensive, while Foreign Minister ...

Fifth Night of Israel-Iran Clashes: Missiles, Casualties, Diplomatic Deadlock

The military conflict between Israel and Iran escalated for a fifth consecutive night on Tuesday, with ongoing missile exchanges fueling growing concern among world powers. Despite repeated international calls for de-escalation, Tehran and Tel Aviv remain locked in an unprecedented military confrontation that began with Israel’s offensive ...

Fifth Night of Fighting Between Israel and Iran

Israel and Iran traded missile fire for a fifth straight day Tuesday, as US President Donald Trump warned Tehran residents to "immediately evacuate" and left a G7 summit early. Despite growing calls for the longtime foes to end hostilities, neither Israel nor Iran showed any signs of cutting short the missile blitz kicked off Friday, ...

Israel-Iran Conflict: Latest Developments

Israel and Iran traded deadly fire for a fourth day on Monday in their most intense confrontation in history, fueling fears of a drawn-out conflict that could engulf the Middle East. The longtime foes have fought a prolonged shadow war through proxies and covert operations, with Israel battling several Iran-backed groups in the region, including ...

Netanyahu Says Campaign 'Changing Face of Middle East' as Israel, Iran Trade Blows

Prime Minister Benjamin Netanyahu insisted on Monday that Israel's campaign against Iran was "changing the face of the Middle East," as the two countries traded heavy strikes for a fourth day. The remarks came hours after a dramatic Israeli attack on an Iranian state TV building that forced a presenter to flee mid-broadcast under a ...

Israel-Iran Conflict: Latest Developments

Israel and Iran traded deadly fire for a fourth consecutive day on Monday in their most intense confrontation in history, fueling fears of a drawn-out conflict that could engulf the Middle East. The longtime foes have fought a prolonged shadow war through proxies and covert operations, with Israel battling several Iran-backed groups in the ...