Dubai: Global markets rallied on Monday after the US and Iran reached an interim agreement to end hostilities and reopen the Strait of Hormuz, easing concerns over energy supplies, inflation and the risk of further pressure on interest rates. Sign up for our daily business newsletter, Cheques & Bal»»»

The British prime minister is once again fighting for his political survival, on the back foot after his defence secretary and armed forces minister quit the government over complaints of a lack of military spending and sufficient commitment to keep Britain safe from the spectre of Russian attack. »»»

The memorandum of understanding between the United States and Iran was announced on the eve of the G7 summit in Evian-les-Bains, France, where leaders from some of the world’s wealthiest nations will begin meeting Monday. Gathered in the Alps through Wednesday, they will also discuss the war i»»»

Traicho Traikov has been elected mayor of Sofia’s Sredets district, according to the Sofia Municipal Election Commission, as cited by BTA. Running on a nomination from We Continue the Change-Democratic Bulgaria (PP-DB), Traikov secured a decisive victory with 77.33% of the vote. The result was conf»»»

An unidentified individual set fire to vehicles belonging to the Bulgarian Embassy in central Skopje, according to BGNES. Initial information indicates that the attacker allegedly poured a flammable substance over a Suzuki Vitara and ignited it, with the blaze subsequently spreading to a second car»»»

A major police operation in Sofia targeted the so-called “Kalashniks” group, which investigators link to a range of criminal activities including extortion, racketeering, and pimping. The Interior Ministry said the coordinated action led to checkpoints, searches, and arrests across the capital, wit»»»

Dubai Police have issued a traffic alert after an accident led to obstruction on Sheikh Mohammed bin Zayed Road in the direction towards Sharjah. Motorists are advised to exercise caution, remain attentive, and follow traffic instructions while passing through the affected stretch. Authorities have»»»

Agriculture Minister Plamen Abrovski has said that Bulgarian producers have been left without adequate state support for decades, pointing to systemic neglect over the past 30 years in comments made during an interview with BNT. He stated that this long-standing lack of attention toward farmers and»»»

Kyiv, Ukraine: An overnight Russian barrage of missiles killed at least 11 people across Ukraine and sparked a fire at one of the most important Orthodox monasteries in the capital, Kyiv said Monday. AFP journalists across Kyiv witnessed residents running through the streets seeking shelter through»»»

The State Committee for National Security (SCNS) of Kyrgyzstan detained a citizen suspected of leading an organized criminal group involved in international drug trafficking. According to the security services, the suspect had been on the wanted list since 2015. Investigators believe he organized a»»»

NEW DELHI: Policymakers, representatives of global space agencies and industry leaders gathered in New Delhi on Monday for the India Space Congress 2026 to discuss new partnerships, market creation and industrial scale-up. Organized by the Space Industry Association of India, the congress is one of»»»

The deal between the United States and Iran to end their war, negotiated in secret and still not revealed in detail, was greeted with skepticism but a measure of relief among ordinary people across the Middle East. In Lebanon, AFP saw displaced people preparing to return to homes they fled in the s»»»

TEHRAN: Iran and the United States have reached an agreement to end nearly four months of war, paving the way for detailed negotiations on the Islamic republic’s nuclear program and sanctions relief. Few details have been officially released, but Iranian media have published what they say are eleme»»»

GENEVA: The WHO chief and Brazil’s president on Monday urged the G7 to summon the “courage” to finish the international treaty on handling future pandemics. Wealthy countries and developing nations are at loggerheads over how the pandemic agreement, which was adopted last year, will work in practic»»»

Dubai: More than 70 kilometres from Delhi, India’s newest aviation gateway — the Noida International Airport in Jewar — officially began operations on Monday, marking a major milestone for western Uttar Pradesh and the National Capital Region (NCR). The first commercial flight, operated by IndiGo, »»»

Dubai: A Pakistan Air Force trainer aircraft crashed in northwestern Pakistan on Monday, killing both pilots on board, the military said, in the second deadly aviation accident involving the armed forces in less than a week. The aircraft went down near the city of Mardan during a routine training s»»»

An Israeli drone targeted Monday a car in the southern town of Kfartebnit near the Israeli-designated "Yellow Line", where Israeli troops remain despite the announced of a U.S.-Iran deal. Israeli figures slammed on Monday the deal between the United States and Iran to end the Middle East war, inclu»»»

US President Donald Trump marked his 80th birthday with a highly unusual White House spectacle, hosting a UFC cage fight on the South Lawn just hours after announcing a memorandum of understanding with Iran, in a made-for-television display blending politics, sport and patriotic pageantry. US Presi»»»

Israeli Defence Minister Israel Katz said on Monday that Israeli ground forces would remain in land they hold in Lebanon, Syria and Gaza, potentially challenging a memorandum of understanding announced a day earlier between the US and Iran to end the war in the Middle East. Israel’s defence ministe»»»

Dubai: Bahrain has sentenced 12 defendants to 10 years in prison after convicting them in a series of cases involving support for treacherous Iranian attacks against the kingdom, according to the Public Prosecution. The rulings were issued on Monday by the High Criminal Court in 11 separate cases t»»»

US President Donald Trump’s looming Iran peace deal looks like a “surrender document” and fails to deliver anything America did not have before the war, Democratic congressman Seth Moulton has said. The comments come after Trump announced on Saturday that a peace framework would be signed the next »»»

This week, a town north of Tokyo shut down nearly 100 schools following a spate of bear sightings. In another Japanese town last week, a bear attacked four people, opened a water tap and unlatched a window to escape a building it had been trapped in. So are bears becoming a bigger threat? FRANCE 24»»»

BAT is positioning itself at the forefront of innovation, sustainability, and reduced-risk alternatives. Under the leadership of Chief Executive Tadeu Marroco, the company is accelerating its transition towards a predominantly smokeless business model, driven by science-backed innovation, digital t»»»

The two-day Impact’26 event in Poznan, Poland, brought together influential voices to debate the future of business, technology, and society. The numbers speak for themselves: over 7,000 participants, 650 speakers, 25 themed tracks, 9 stages, and a total of 94 hours of panel talks. At the opening, »»»

RAMALLAH: The economy in the West Bank is teetering toward collapse as Israel maintains a web of restrictions that limit opportunities for Palestinians living under long-term military occupation, according to a new report from a leading conflict tracker. The International Crisis Group says that Isr»»»

RIYADH: Saudi Arabia’s construction industry returned to expansion in May, marking a modest recovery after two months of contraction, driven by renewed growth in new work orders, an economy tracker showed. According to the latest Al Rajhi Capital Saudi Construction Index released by S&P Global, the»»»

Frankfurt, Germany: Germany's working-age population will shrink by 4.3 million by 2036 as people retire, the birth rate drops and tougher migration policies deter foreign workers, a study warned Monday. Falling numbers of workers spell yet another challenge for Europe's struggling top economy, alr»»»

ANKARA: Foreign Minister ‌Hakan Fidan will repeat Turkiye’s offer to host talks between Russia and Ukraine on a visit ​to Moscow this week at which he will also discuss Black Sea shipping safety and the South Caucasus, a diplomatic source said on Monday. The visit on Tuesday and Wednesday comes ahe»»»

Dubai: Stanford University’s 2026 graduation ceremony was disrupted on Sunday when around 200 students walked out in protest as Google CEO Sundar Pichai took the stage, turning a celebration for thousands of graduates into a demonstration over the company’s ties to Israeli government contracts. As »»»

BusinessIranUS-Iran deal: When will oil prices fall?Srinivas MazumdaruA US-Iran deal to end the war and reopen the Strait of Hormuz could ease the global energy crunch, but oil prices and supplies may take months to stabilize as shipping restarts and infrastructure recovers. https://p.dw.com/p/5FPQ»»»

The army on Monday urged displaced residents to delay their return to southern border villages, hours after an agreement was announced between Washington and Tehran to end the Middle East war, including in Lebanon. "The army command emphasizes the need for residents to delay returning to southern b»»»

Videos show South Lebanon after the ceasefire announcement pic.twitter.com/qgOdNbk25S — Al-Manar English (@manarenglish) June 15, 2026 Pakistani Prime Minister Shehbaz Sharif announced on Monday that a “peace deal” between the Islamic Republic of Iran and the United States has been reached. In a st»»»

The Cabinet of Ministers of the Kyrgyz Republic adopted a resolution aimed at ensuring an uninterrupted supply of petroleum products to the domestic market, supporting importers, and implementing measures to curb rising fuel prices. According to Resolution No. 369 of May 25, 2026, «On Measures to S»»»

Prime Minister Benjamin Netanyahu has told U.S. President Donald Trump that Israel will not withdraw from its current positions in Lebanon and does not consider itself bound by the Lebanese clause in the emerging U.S.-Iran agreement, Israeli media reported Monday. During a phone conversation last n»»»

Luigi Di Maio, the European Union's Special Envoy to the Gulf, brings to this interview a firsthand account of how Brussels has responded to the US-Iran war since the US and Israel attacked Iran on 28 February—a crisis that has placed Gulf states under direct threat and forced the EU to clarify bot»»»

Bulgarian Prime Minister Rumen Radev Monday commented to reporters on the 2026 State budget procedure and the deficit. He said that the Cabinet is working on this year's draft budget "almost 24/7" and hopes that it will be adopted by the end of June. "Every option is being explored to cut the defic»»»

Beijing: China's Ministry of Transport on Monday activated a Level-II emergency response for heavy rainfall, after the country's weather agency issued an orange alert, which is the second-highest in its four-tier warning system. From Monday afternoon to Tuesday afternoon, downpours are expected to »»»

CAIRO - Serbian PM Djuro Macut, who is on a working visit to Egypt, met with Egyptian PM Mostafa Madbouly in Cairo on Monday, and announced the Chamber of Industry and Commerce of Serbia (PKS) would open an office in the city by the end of this year. The parties noted the significance of renewing a»»»

MINSK (Sputnik) - The meeting with French Ambassador to Russia Nicolas de Riviere, UK Ambassador to Russia Nigel Casey and German Ambassador in Moscow Alexander Graf Lambsdorff at the Russian Foreign Ministry brought nothing new in the Ukrainian conflict settlement, Russian Foreign Minister Sergey »»»

Romania is emerging as one of Europe’s most dynamic renewable energy markets, having already reached over 7 GW of installed solar capacity and around 1.5 GW of energy storage, with rapid ongoing expansion driven by strong investment in utility-scale solar projects, EU-backed funding, and increasing»»»

WASHINGTON: US Defense Secretary Pete Hegseth denied that the American military was facing a munitions stockpile shortage, saying on Sunday that it was a “manufactured story” peddled by the media. Hegseth’s comments came hours before the United States and Iran said they reached a deal to end the Mi»»»

Dubai: A magnitude 6.2 earthquake struck offshore waters southeast of Mindanao on Monday afternoon, according to the Philippine Institute of Volcanology and Seismology (DOST-PHIVOLCS). Get updated faster and for FREE: Download the Gulf News app now - simply click here.In an advisory issued at 5.18p»»»

The Finance Ministry is launching a new FIDELIS government bond issue between 15 and 22 June 2026, with tax-free interest rates of up to 7.60% for lei-denominated bonds and up to 6.80% for euro-denominated bonds. The June edition also includes two special tranches for blood donors, introduced in th»»»

Madrid: Real Madrid announced the signing of Spanish defender Marc Cucurella from Chelsea on Monday, for a fee reported to be 55 million euros ($63.8 million). "Real Madrid and Chelsea have reached an agreement for the transfer of the player Marc Cucurella, who will join our club for the next six s»»»

Kyiv: A barrage of missiles fired at several major Ukrainian cities set Kyiv’s historic Dormition Cathedral on fire and killed eleven, while Ukraine strikes claimed three lives in a city south of Moscow. AFP journalists across Kyiv witnessed residents running through the streets seeking shelter thr»»»

Hungary continues to reject the European Union’s Migration Pact in its current form, therefore the government has not completed a plan for its implementation in Hungary and it is “not planning to submit such a document in future“, the interior minister said in parliament’s European affairs committe»»»

Washington, United States: US President Donald Trump celebrated his 80th birthday with a brutal display of political machismo Sunday, turning White House lawn into an arena for a bloody evening of cage fights. In unprecedented scenes in the revered seat of American democracy, Trump sat with thousan»»»

In a geopolitical and economic context defined by constant pressure on liquidity and a continuous need for investment, companies in Romania are facing an increasingly complex reality. While in the past competitive advantage was supported mainly by lower costs and skilled human resources, today it d»»»

Dubai: Gold prices in Dubai jumped on Monday, reversing last week’s drop and pushing retail rates back near the levels seen earlier this month. (Check latest UAE gold prices here, alongside prices in Saudi Arabia, Oman, Qatar, Bahrain, Kuwait, and India.) Sign up for our daily business newsletter, »»»

Sergiu Manea, Executive Chairman of Banca Comerciala Romana, claims that ROBOR is relevant only for a samll part of the bank's clients and that the indicator only shows the price, the temperature of the economy. Its increase was determined by high inflation, generated by the war, rising energy pric»»»