Author: Finance for Sight

Israel’s defence minister on Thursday warned Yemen’s Houthis will suffer heavy blows if they continue to fire at Israel and that its defence forces are prepared for any mission. US President Donald Trump announced on Tuesday the US would stop bombing the Iran-aligned Houthis in Yemen, saying that the group had agreed to stop attacking US ships. A ceasefire deal between Yemen’s Houthis and the US does not include sparing Israel, the Houthis said on Wednesday, later saying they targeted Israel with drones. “Israel must be able to defend itself on its own against any threat and any enemy,” Defence…

SEOUL: North Korea fired what appeared to be multiple short-range ballistic missiles off its east coast, South Korea’s military said on Thursday, in what may be a performance test of various projectiles for export. The missiles were launched from Wonsan, North Korea’s eastern coastal city, around 8:10 a.m. (2310 GMT Wednesday) and flew up to 800 km (497 miles) before splashing down in the sea, the military said in a statement. South Korea is closely communicating with the U.S. and Japan to share information about the launch, it added. South Korea’s Joint chiefs of Staff spokesperson Lee Sung-jun declined to…

U.S. President Donald Trump on Wednesday said he wants India and Pakistan to stop attacking each other now and offered to help the two countries work out their differences amid rising tensions. Trump calls Indian strikes a ‘shame’ “I want to see it stop. And if I can do anything to help, I will be there,” he told reporters in the Oval Office.

ANKARA: Turkish President Tayyip Erdogan spoke by phone on Wednesday with Pakistan’s Prime Minister Shehbaz Sharif to convey his solidarity after India hit Pakistan and Pakistani Kashmir with missiles, the Turkish presidency said. Pakistan, which has strong ties with Turkey, said it had shot down five Indian aircraft and vowed to retaliate further, in the worst clash between the nuclear-armed neighbours in more than two decades. During the call, Erdogan told Sharif that Turkey supported what he called Pakistan’s “calm and restrained policies” in the crisis, his office said in a statement. Indo-Pak tensions: overseas Pakistanis can mobilise $1bn monthly…

CAIRO/GAZA: Israeli strikes on a school housing displaced families and by a crowded market and restaurant in Gaza City killed at least 38 people on Wednesday, local health authorities said. Medics said two strikes targeted the Karama School in Tuffah, a suburb of Gaza City, killing 15. Later in the day, an Israeli strike near a restaurant and market in the city killed at least 23 people, including women and children, medics said. Reuters footage showed wounded men being rushed away on the back of pickups and carts. Ambulances sped down shattered streets and a woman in tears carried a…

NEW DELHI: India attacked on at least 6 locations in Pakistan early on Wednesday following a deadly attack on tourists in Occupied Kashmir last month. Pakistan reported at least 26 deaths and said it was responding to the Indian strikes. This is what global leaders have said about the latest hostilities between the nuclear-armed neighbours: US President Donald Trump “It’s a shame. Just heard about it. I guess people knew something was going to happen based on a little bit of the past. They’ve been fighting for a long time. They’ve been fighting for many, many decades. I hope it…

MOSCOW: Russia’s foreign ministry said on Wednesday that it was deeply concerned about the deepening military confrontation between India and Pakistan, and that it called for both countries to show restraint. Pakistan downs 5 Indian Air Force jets in retaliation for missile attacks, says DG ISPR Russia, which has warm relations with both India and Pakistan, said it condemned all forms of terrorism in a statement published on the foreign ministry’s website.

ADEN: The Israeli military carried out an airstrike on Yemen’s main airport in Sanaa on Tuesday, its second attack in two days on Iran-aligned Houthi rebels, after the group launched a missile attack near Israel’s Ben Gurion Airport. Three people were killed in the latest Israeli strike, according to Houthi-run Al-Masirah TV. Israel warned people to leave the area around Sanaa International Airport before Tuesday’s attack, which it said targeted Houthi infrastructure and “fully disabled the airport”. Witnesses later reported four strikes in the capital. Tensions have been high since the Gaza war began, but have risen further since a…

WASHINGTON: Canada has been caught up in the new administration’s stop-start tariff rollout, which has hit goods not covered under an existing free trade arrangement with levies of up to 25 percent. Canada’s autos, steel, and aluminum exports have also been hit by the tariffs. “We have a tremendous deficit with Canada,” Trump told reporters during an event at the White House, with Carney seated just a few feet away. Canada’s Liberals ride Trump backlash to comeback election win “It’s hard to justify subsidizing Canada to the tune of maybe $200 billion a year,” he said, adding: “We protect Canada…

WASHINGTON: “I believe in data, and there is nothing in the data that shows that we are in a recession,” Scott Bessent told lawmakers during an appearance in Congress. Bessent’s remarks contrast with those of Trump, who was asked in a recent interview if the United States could enter a recession. “Anything can happen,” he told NBC in the interview, which was broadcast on Sunday. “But I think we’re going to have the greatest economy in the history of our country. I think we’re going have the greatest economic boom in history.” Goldman Sachs raises odds of US recession to…