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The United States has completed the withdrawal of its remaining troops from Iraq, ending Operation Inherent Resolve there. Baghdad now assumes primary security responsibility as concerns persist over ISIS remnants and Iran-aligned armed groups.
S&P Global Ratings has raised India’s FY2026-27 GDP growth forecast to 7% from 6.6% after stronger industrial activity, consumption, exports and government investment. It also sees inflation averaging 5.1% and a possible 25-bps RBI rate hike.
Iran’s economy contracted by 10.1% year-on-year during the first quarter of its current Persian calendar year, according to official data, with a collapse in oil and natural-gas activity driving much of the decline. The figures cover the first months of the US-Israel conflict with Iran, although the
British singer Ed Sheeran addressed the Israel-Gaza conflict and the controversy surrounding Macklemore’s removal from his Loop Tour during a concert in Philadelphia, saying the situation in Gaza is “catastrophic and unjustifiable” while apologizing for mistakes he said he had made during a turbulen
The Bank of Japan has raised its benchmark interest rate to 1.25%, taking borrowing costs to their highest level in 31 years as policymakers step up efforts to prevent inflation from moving persistently above the central bank’s target.
Vice President JD Vance says Washington is shifting from degrading Iran’s capabilities to preventing Tehran from rebuilding them, while President Donald Trump says the conflict may be nearing an end. Separately, a UN-mandated fact-finding mission says there are reasonable grounds to believe two US s
The Federal Reserve unanimously lifted its benchmark rate by 25 basis points to 3.75%-4.00% as inflation remained stubbornly above target. President Donald Trump demanded rates of 1% or lower and attacked the Fed board as political, although he said he still has confidence in Chair Kevin Warsh.
Brent crude has surged above $100 as US-Iran hostilities disrupt Middle East oil supplies, raising concerns over inflation, markets and India’s import costs.
Israeli strikes in southern Lebanon have killed 12 people in Kfar Rumman, including children, women and a medic, as tensions with Hezbollah rise despite a June ceasefire.
The US-Iran conflict has entered another dangerous phase as strikes on tankers, missile attacks and renewed disruption in the Strait of Hormuz threaten global energy supplies.
