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Economy
US Treasury vows bigger buybacks after bond yields erased relief rally
Long-term US Treasury yields climbed back above where they stood before Wednesday's buyback announcement, wiping out the relief that move had briefly delivered, and prompting US Treasury Secretary Scott Bessent to signal that Washington is ready to intervene even more aggressively.
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Europe News
Europe faces race to refill gas storage as LNG cargoes flow to Asia
After spending much of the past two years rebuilding its gas security following the loss of Russian pipeline supplies, Europe is again facing high natural gas prices due to volatility in global markets linked to disruptions in the Strait of Hormuz.
Europe News
Banderol, Russia’s new low-cost weapon testing Ukraine’s air defences
Russia is stepping up its use of the Banderol, a relatively cheap new weapon that carries a smaller warhead than conventional cruise missiles but can force Ukraine to use the same scarce and costly air defences to intercept it.
USA
US officials coordinated deportation flights with Iran, emails reveal
Emails obtained by the National Iranian American Council lobby show ICE officials accepted last-minute changes to deportation lists requested by Tehran. A separate lawsuit alleged confidential asylum information was shared with Iranian officials, a claim the Department of Homeland Security denies.
United Arab Emirates
UAE halts all trade and financial dealings with Iran
Abu Dhabi announced the suspension after Iran fired two ballistic missiles toward the country on Tuesday. The move severs ties with what had been a major trading partner for sanctioned Iran, as crude flow through the Strait of Hormuz has fallen to less than a quarter of pre-war levels.
Iran
Iran executed at least 900 people since January, rights group says
The Abdorrahman Boroumand Center documented 901 executions in the first seven months of 2026, including 56 on political or national security charges and 98 members of ethnic minorities — a further rise in death penalties in the Islamic Republic in recent years.
Economy
Which food prices could rise as war and heatwaves hit supplies?
Global food prices are expected to increase by double digits in 2026 as Russia's escalating war in Ukraine worsens the impact of other food price shocks, according to Oxford Economics. Wheat is expected to face the greatest pressure, likely pushing up bread and pasta prices.