Crypto Pulse Media

ASTANA —Kazakhstan’s Prime Minister Olzhas Bektenov met with Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef in Astana on Wednesday.
During the meeting, they discussed ways to enhance economic cooperation between the two countries and opportunities to develop investment partnerships in the industrial and mining sectors.
The meeting highlighted the growing fraternal and economic relations between Saudi Arabia and Kazakhstan and emphasized the importance of expanding bilateral trade and enabling the private sector to capitalize on opportunities in priority industrial sectors in support of the economic diversification goals of the two friendly countries.
The meeting also reviewed opportunities for cooperation in the mining sector and discussed mechanisms to strengthen Saudi-Kazakh partnerships in strategic minerals. These efforts contribute to developing mining value chains and enhancing the utilization of mineral resources to achieve sustainable industrial development.
The meeting was held as part of Alkhorayef’s official visit to Kazakhstan, which aims to strengthen economic relations between the two countries and expand cooperation in the industrial and mining sectors.
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Iran’s Revolutionary Guards Corps (IRGC) said it launched strikes on US targets in the region, including military bases in Bahrain, Kuwait and Jordan in retaliation for US strikes on Iranian ports and islands in the Strait of Hormuz.
In a statement carried by state media on Wednesday, the IRGC said it launched drone attack on the US Fifth Fleet in Bahrain and the Ali Al Salem base in Kuwait, as well as a long-range missile strike on an air base in Azraq, Jordan.
The latest flare-up comes after the US military attacked Qeshm Island and ports along the Iranian coast in the Strait of Hormuz after blaming Iran for the downing of a US Apache helicopter earlier on Tuesday.
We intercepted and downed five missiles launched from Iran toward Azraq,” said the General Command of the Jordanian Armed Forces in a statement, according to the state-run Jordan News Agency.
Sirens sounded in Bahrain early Wednesday with residents urged to head to a safe place, Bahrain’s Ministry of Interior said in a post on X.
Webcam video geolocated by CNN appears to show the moment of a bright flash coming from the direction of the US Fifth Fleet naval facility in Manama.
The video was captured by an EarthTV webcam positioned 3.5 miles northeast of the facility. According to the timestamp on the footage, the flash occurred just three minutes after Bahraini officials announced that sirens had sounded, suggesting an incoming attack.
The cause of the flash was not immediately clear, but Iran’s Revolutionary Guards said earlier that they had launched a drone attack targeting the Fifth Fleet headquarters in Bahrain.
The Iranians are trying to make clear that any attack on them would be responded to, regardless of the size and the scope,” Trita Parsi, executive vice president of the Quincy Institute for Responsible Statecraft in the US, told Al Jazeera news channel.
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Saudi Minister of Foreign Affairs Prince Faisal bin Farhan attended the joint ministerial meeting of the Gulf Cooperation Council-Canada Strategic Dialogue in Manama on Wednesday.
The meeting reviewed relations between the GCC member states and Canada and explored ways to enhance cooperation in economic and trade fields, as well as boost coordination on issues of mutual interest.
The participants also discussed regional and international developments and exchanged views on current events and their implications for regional security and stability. They stressed the importance of intensifying international efforts to protect maritime corridors and ensure freedom of international navigation in a manner that safeguards shared interests and promotes regional and global stability.
The meeting further discussed Iranian escalation and attacks targeting a number of countries in the region, most recently Bahrain, Kuwait, and Jordan. Participants expressed condemnation and denunciation of these attacks and their implications for the security and safety of the territories and airspace of these countries, as well as their impact on efforts aimed at de-escalation and the restoration of security and stability in the region.
Meanwhile, Minister of Foreign Affairs Prince Faisal bin Farhan met with Canadian Minister of Foreign Affairs Anita Anand on the sidelines of the joint ministerial meeting between the Gulf Cooperation Council (GCC) and Canada in Manama. During the meeting, they reviewed bilateral relations and discussed the latest regional developments and related efforts.
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The United States launched fresh attacks against Iran on Thursday, prompting Tehran to retaliate by targeting US bases across the Gulf, as US leaders accused their counterparts of dragging out negotiations for a deal to end the three-month war.
US Central Command (CENTCOM) said American forces began "additional self-defense strikes" at 5:15 pm on Wednesday in Washington (early Thursday in Iran) in response to what it called Tehran's "unwarranted and continued aggression".
The second consecutive day of attacks came after US President Donald Trump, who had repeatedly said negotiations with Tehran were close to an end, said Tehran had taken "too long to make a deal" to end the war.
Iranian media reported explosions across in cities in the south near the Strait of Hormuz, with explosions heard in Bandar Abbas, Qeshm and Minab, and sources reporting hits by "enemy projectiles" in Kargan and Sirik.
CENTCOM said later that it had "completed" its strikes on "Iranian military surveillance capabilities, communication systems, and air defense sites".
American forces "fired precision munitions on Iranian targets that posed a threat to US forces and international commercial ships transiting regional waters", the command said.
In response, Iran said it had attacked US military bases in Bahrain and Kuwait, the same targets of retaliatory Iranian strikes conducted the day before.
The confrontation has triggered months of military exchanges, retaliatory attacks and diplomatic tensions across the Middle East.
Despite ongoing diplomatic efforts, relations between Washington and Tehran remain strained as both sides continue to exchange accusations and military actions.
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LONDON —⁠Britain’s Prime Minister Keir Starmer suffered a fresh blow on Thursday after Secretary of Defense John Healey resigned after ‌a disagreement with the prime minister about defence spending.
In a letter addressed to Keir Starmer and posted on X on Thursday, Healey accused the prime minister of failing to commit the resources needed to defend the country
Starmer, whose government’s popularity has collapsed just two years after a landslide general election victory, has been under pressure recently from within his own party.
Britain’s defence and finance ministries have been locked in talks for months over how to meet rising demands to expand military spending, delaying the country’s Defence Investment Plan since last year.
Healey said the financial settlement he received on Monday “falls well short of what is required for defence and the country at this dangerous time,” rising only to 2.68 percent of gross domestic product (GDP) in 2030 at a time when he argued a firm 3 percent headmark by that year was essential.
Healey’s resignation comes ahead of the government’s announcement on how it will fund a much-needed overhaul of Britain’s defenses, expected before a NATO summit next week. Publication of those plans has been postponed multiple times amid deep disagreements within the government.
You have been unable, and the Treasury has been unwilling, to commit the resources that the nation needs to defend the country at this time of rising
The loss of another Cabinet member is worrying news for Starmer, who was already fighting to keep his job. Many in his governing Labour Party have called for him to quit following disastrous results in last month’s local elections.
While no formal leadership bid has been launched, this could change after next week’s key by-election in Makerfield, northwest England, in which Starmer’s arch-rival, Manchester Mayor Andy Burnham, is running. Should he win that, Burnham is widely expected to challenge Starmer.
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The Board of Trustees of the Future Investment Initiative (FII) Institute has appointed Princess Dr. Maha bint Mishari bin Abdulaziz as the institute's new chief executive officer, succeeding founding CEO Richard Attias.
Princess Dr. Maha brings extensive leadership experience across healthcare, higher education, research, institutional development and international engagement.
Most recently, she served as Vice President of External Relations and Advancement at Alfaisal University, where she played a key role in strengthening the university's global partnerships and reputation.
In her new role, Princess Dr. Maha will lead the next phase of growth for the FII Institute, advancing its mission of bringing together investors, innovators, policymakers and business leaders to address global challenges through investment and collaboration
Yasir Al-Rumayyan, chairman of the FII Institute Board of Trustees and governor of the Public Investment Fund (PIF), said Princess Dr. Maha's leadership, vision and international perspective would help strengthen the institute's position as a global platform for investment, ideas and solutions.
He said she would work closely with Richard Attias, who will continue as chairman of the Executive Committee, as the institute expands its global impact.
"The Institute has become a globally recognized platform for dialogue, innovation and investment," she said. "I look forward to working with the Board of Trustees, the Executive Committee, our partners and our talented team to further advance our mission and create meaningful impact for future generations."
She is scheduled to deliver the opening remarks on the second day of the FII PRIORITY Europe Summit in Rome on June 19.
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ISLAMABAD — A Pakistani army helicopter crashed in Pakistan-controlled Kashmir due to a technical fault on Wednesday, killing all military personnel on board, the military said.
The military didn’t immediately disclose how many people were aboard the helicopter.
An Mi-17 helicopter of Pakistan Army Aviation crashed near Muzaffarabad today during take-off due to technical fault," the military's media wing said in a statement.
Rescue and recovery teams immediately reached the crash site,” the military said, adding that a board of inquiry had been ordered to determine the exact cause of the crash.
Residents in Muzaffarabad said that the helicopter was carrying an unspecified number of paramilitary Rangers deployed by the government for security duties in the region, where tensions have been high since the weekend, when members of an outlawed group attacked police and security forces, killing four personnel.
Pakistani President Asif Ali Zardari and Prime Minister Shehbaz Sharif expressed sorrow over the crash, paying tribute to those killed. In separate statements, they conveyed sympathies to the victims’ families.
Pakistan’s army chief, Field Marshal Asim Munir, also expressed deep sorrow over the loss of life and extended condolences to the families of those killed, according to the statement.
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Saudi Arabia and Türkiye have signed two major memorandums of understanding covering railways and logistics services, marking a significant step toward developing a land transport corridor linking the Gulf region with Europe.
The agreements were signed by Saudi Minister of Transport and Logistic Services Saleh Al-Jasser and Turkish Minister of Transport and Infrastructure Abdulkadir Uraloglu.
Uraloglu described the agreements as the beginning of a new phase of cooperation aimed at strengthening technical expertise, logistics infrastructure and regional connectivity.
In this context, we are launching a new phase that will strengthen the exchange of expertise and technical cooperation across a wide range of areas, from logistics centers to modern applications,” he said.
The logistics cooperation agreement focuses on the development and operation of logistics centers, knowledge sharing and joint activities, while the railway agreement seeks to expand cooperation in technology, infrastructure, training and human resources across the rail sector.
The agreements form part of broader regional efforts to establish an overland trade route connecting the Gulf with Europe through Türkiye, Syria and Jordan.
The initiative follows recent coordination between transport ministries in Türkiye, Syria and Jordan, which agreed on a roadmap to rehabilitate cross-border transport infrastructure over the next four to five years. Turkish authorities have already begun restoring railway lines near the Syrian border that have been out of service for nearly 15 years
Uraloglu said the two countries are closely monitoring developments along regional transport routes and noted that trial shipments from Türkiye through Iraq to Saudi Arabia have demonstrated the viability of the corridor.
Two test runs starting from Türkiye through Iraq and extending to Saudi Arabia have clearly demonstrated the feasibility of this route,” he said.
Earlier this month, Uraloglu also announced plans to modernize the historic Hejaz Railway and eventually extend it to Oman, creating an alternative trade route that could reduce reliance on maritime shipping through the Strait of Hormuz.
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The Philips Skylight is designed to replicate natural lighting and outdoor environments indoors, using a blend of advanced LED and Philips’ NatureConnect technologies. Signify, Philips’ manufacturer, says the skylight is “inspired by the natural brightness, depth and rhythm of sunlight”.
Before now, Signify limited the Philips Skylight to professional settings (offices, medical environments, and so on), but now the ceiling light will be available for everyone when it launches later this month in most regions (Signify says the Skylight be available in the US in September).
The Philips Skylight comes in four models: the Philips Skylight Medium, Philips Skylight Large, Philips Skylight VitaUp Medium, and Philips Skylight VitaUp Large, with prices starting at 499.99 euros (about $580 / £430).
Each variant comes with a slim ceiling profile for mounting, a remote control, five preset lighting scenes, and Philips’ Day Rhythm tool which automatically adjusts color temperature and brightness throughout the day. All models have an IP44 rating, meaning the Philips Skylight can be fitted in bathrooms and other humid environments.
The VitaUp models come with an integrated UV-B module built to support the body’s natural vitamin D production indoors. This also includes a handful of safety measures, including automatic shut-off which happens after eight hours.
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Driverless cars will soon be available for public use in London, a first for the British capital that brings vehicles powered by artificial intelligence to one of the world’s most congested cities.
The launch marks the beginning of British-born Wayve’s global rollout of robotaxis, which will extend to more than 10 cities, including Tokyo later this year. “We’re really excited to launch this imminently and get public riders into our (vehicles),” Kaity Fischer, Wayve’s vice president of operations, told CNN Monday.
Wayve has been testing its technology on the “complex” streets of London since 2018 and plans to launch to the public later this summer. The initial rollout would include “dozens, not hundreds” of cars, she said.
The launch in London comes as self-driving vehicles are being increasingly rolled out in major cities across the United States and elsewhere. The sudden proliferation has heightened scrutiny of what once seemed a highly futuristic technology but is now a present-day reality.
Initially, Wayve rides will be supervised by licensed Uber drivers with specialized training, before fully driverless operations begin. This approach would “prove safety” and “build trust” among the public, Fischer said. “It allows us to build a safety case… so that when we remove the drivers from the vehicles, we have a strong track record,” she added.
Back when Wayve was founded (in 2017), nobody thought automotive would put AI on a car,” said Fischer. Now, more AV companies were adopting Wayve’s approach, she said, noting that wider public awareness of generative AI systems, such as ChatGPT, had also helped.
Unlike some of its competitors, Wayve’s hardware is integrated directly into vehicles at the manufacturing stage, rather than being retrofitted afterwards.
Our technology equips vehicles with a ‘robot brain’ that can learn from and interact with real-world environments,” Wayve says on its website.
Fischer applauded the UK government’s clear legal approach to self-driving technology under the Automated Passenger Services framework. “The UK government has also really doubled down on investing in AI,” she added.
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Apple on Monday announced an all-new version of Siri during its Worldwide Developers Conference, a move that could bring its roughly 15-year-old digital helper up to speed with rivals like ChatGPT and Google’s Gemini.
The tech giant also announced performance improvements for its iPhone, Mac and iPad software and new child safety features. But the new Siri is the biggest indication yet of how Apple is revamping its products as more people use chatbots and AI agents for everyday tasks.
Many will be looking to see whether Apple’s history of turning nascent technologies into popular products will apply to AI, especially after the company’s AI ambitions have faced delays.
If Apple delivers this well, Siri stops being a feature and becomes a new interaction layer for the iPhone, iPad, Mac and eventually future categories of hardware,” Francisco Jeronimo, a tech analyst for market research firm the International Data Corporation, told CNN over email.
Apple also showed how it’s infusing more AI across apps like Messages, its Safari browser and its Home app for managing smart home devices. Apple Intelligence will be able to organize Safari tabs by topic, and users will be able to create new browser extensions with a prompt. The Messages app will suggest actions, like creating a reminder or a note, based on the content of a conversation. And the Home app will be able to analyze clips from connected cameras generate descriptions.
On a personal note, some of the greatest highlights of my time as CEO have been events like this,” Cook said at the end of Apple’s presentation.
Dan Ives, global head of technology research for Wedbush Securities, called the Siri upgrades a “step in the right direction” for Apple’s AI strategy and said it sets up Cook to pass the baton to Ternus.
Apple’s large market share – more than 2.5 billion Apple devices are in use globally – could give it an edge in AI.
That could be Apple’s big opportunity. More than half of iPhones in use globally, or about 1 billion iPhones, don’t support Apple Intelligence since the technology is only available on the iPhone 15 Pro and later, according to Rana.
They’re not going to mess it up,” Munster said. “They’ve got too much at stake to drop the ball.”
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OpenAI, Anthropic and SpaceX will soon have a new boss to answer to: Wall Street.
ChatGPT maker OpenAI is the latest AI giant to announce plans to go public, coming after Anthropic said it confidentially filed for an IPO last week. SpaceX, which includes Elon Musk’s AI company xAI, is set to make its market debut on Friday. The three public offerings are expected to provide the closest look yet at the state of the AI market – and potentially rack up hundreds of billions of dollars in massive stock sales.
It also means their AI businesses, which are already approaching valuations in the trillion-dollar range, will be subject to more scrutiny than ever as Wall Street demands explosive growth every three months.
Expectations that seem manageable in private markets can become relentless under the glare of public ownership,” Nigel Green, CEO of financial advisory firm deVere Group, said in an email to CNN.
Wall Street already has sky-high expectations for AI, leaving no room for anything short of blockbuster growth each quarter. For example, Broadcom, which previously struck partnerships with OpenAI and Anthropic, reported jaw-dropping earnings: revenue growth of 48% for the second quarter and expected semiconductor growth of 180% compared to last year. But that wasn’t enough to impress investors; Broadcom shares were down over 13% last week, marking its worst week since September 2024.
The IPO could indicate OpenAI and Anthropic have grown confident enough in their respective paths to profitability to face Wall Street. OpenAI and Anthropic did not immediately respond to CNN’s request for comment regarding the timing of their IPO filings.
But the numbers are just the beginning. Analysts will likely grill OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei about the future of their businesses and upcoming products on earnings calls, looking for signs that they have endless potential for growth.
That means they may have to answer publicly about things like delays in upcoming model releases, and how they plan to translate those models into paid products. Product pivots, like OpenAI’s decision to shutter its video app Sora, will likely face much more questioning.
Private investors can back a vision and wait years for results,” Green wrote. “Public markets rarely offer that luxury.”
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Investors sold stocks, bonds, bitcoin and gold Friday after strong jobs data raised odds for Federal Reserve interest rate hikes, and Wall Street wrestled with weakness in AI stocks.
The S&P 500 fell 2.64%, its worst day since October. The index fell into the red for the week and snapped a nine-week winning streak. The tech-heavy Nasdaq Composite fell 4.18%, its worst day since April 2025. The Dow, which has less exposure to tech, fell 695 points, or 1.35%, its worst day in about three months.
Volatility in markets picked up this week as investors took profits from recent stock surges and digested shifts in expectations for Fed interest rates. Wall Street’s fear gauge, the VIX, surged 40% and hit its highest level in two months.
The economy added 172,000 jobs in May, smashing expectations, according to data released Friday from the Bureau of Labor Statistics. The strong job gains come after recent data showed inflation was heating up because of the oil spike from the war with Iran.
A strong labor market could shift the Fed’s focus to prioritizing inflation, raising the odds of an interest-rate hike later this year. Traders expect a 43% chance the Fed hikes its benchmark lending rate in December, up from 26% a month ago, according to CME FedWatch
In the near term the data confirms that Fed easing is off the table this year, and markets continue to worry that the next move could be a hike,” James McCann, senior economist for investment strategy at Edward Jones, said in a note.
proxy for market sentiment, dipped into “fear,” a swift change from recent weeks. The F&G Index had been in “greed” since April 15, when the S&P 500 hit its first record high during the war with Iran.
Oil prices were lower Friday: Brent crude futures fell about 2% to just above $93 per barrel
Treasury yields have traded in lock-step with oil prices in recent weeks, rising on nerves about inflation when oil rises – and then falling when oil falls. But that shifted Friday.
Treasury yields jumped higher despite the fall in oil prices, signaling that traders are focusing on the strong jobs data and how the labor market might be stabilizing, which could heighten the Fed’s focus on inflation.
Markets have spent months searching for a reason for the Federal Reserve to cut rates. Today’s jobs report gave policymakers a reason not to do so,” Nigel Green, CEO at deVere Group, said in a note.
One report does not make policy, but a report of this magnitude changes probabilities,” Green said. “And markets have recognized that immediately.”
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One of the biggest mysteries of the global economy is why the oil market has remained so calm during one of the greatest supply shocks in history.
The Strait of Hormuz has been paralyzed by three months of war — a nightmare scenario that few thought was possible before the war with Iran started. Visible traffic through the Strait of Hormuz remains sparse, estimated at just 15% of pre-war levels, according to JPMorgan.
One theory is that a surprisingly large amount of crude is escaping the double blockade of the Strait of Hormuz, helping the global energy system absorb the historic shock. Tankers carrying these so-called “clandestine flows” may be dodging the blockade by turning off transponders to avoid detection, experts told CNN.
JPMorgan estimated that clandestine flows amounted to about 2.1 million barrels per day over the final two weeks of May. That would represent a small but notable chunk of the 15.6 million barrels that flowed through the Strait of Hormuz per day before the war.
Despite the ongoing naval blockade and the steep decline in commercial traffic, surprising volumes of crude and petroleum products still appear to be transiting the Strait,” Natasha Kaneva, JPMorgan’s head of global commodities strategy, wrote in a client note last week.
Taken together, these adjustments help explain why prices near $100 are not signaling that the disruption is small,” Kaneva wrote. “Rather, they are signaling that the market has found ways — albeit costly ones — to absorb it.”
Some oil veterans worry the market, lulled by these workarounds, is underestimating the real-world impact.
Commercial oil stockpiles have declined sharply since the war started. America’s emergency pile of crude, the Strategic Petroleum Reserve, is rapidly heading toward the lowest level since the early 1980s.
Things are going to get worse,” said Stuart of Piper Sandler.
If that forecast is right, it implies gas prices will surge above $5 a gallon this summer, compared with around $4.20 today.
Stuart is forecasting Brent will average $130 a barrel in July and August.
Stuart suspects higher oil prices will need to rise quickly to incentivize further emergency oil releases and to encourage the world to consume less.
You’ll need to persuade people. That’s far easier to do when prices are high,” he said.
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As President Donald Trump searches for a way to reopen the Strait of Hormuz and curtail Iran’s nuclear ambitions, Washington and Tehran appear to be engaged in a standard negotiation.
Washington tends to view negotiations with Iran through the lens of power. Tehran views them through the lens of possession.
Washington aims to force Iran to succumb to demands through economic pressure and sanctions. Tehran aims to force the US to succumb after acquiring something valuable and refusing to give it back.
Twice over the last decade, I was involved in protracted negotiations with Iran for the release of American hostages held in Tehran’s notorious Evin Prison.
Hostage negotiations collapse power advantages. Iran understands this. It’s why Tehran, since the 1979 revolution, has repeatedly used hostages as bargaining chips with the US.
As a diplomat representing the most powerful country in the world, there was nothing in my hand to overcome the imbalance at the table. My counterparts possessed something we wanted (people), and they would hold onto it until we were prepared to pay a sufficient price.
Short of a hostage rescue operation, there was nothing Washington could do outside of paying an agreed price.
Time favored the Iranians. They felt little urgency. Their strategy was to wait as hostages suffered and pressure mounted on Washington to secure their freedom.
Seek to outlast the macro pressure and rising gasoline prices as economic pain compounds inside Tehran to some distant and uncertain breaking point.
Pay the up-front cost with billions to Iran in exchange for a return to status quo before the war — a humiliating retreat for Trump given the stated objectives at the outset.
Seek to control the strait militarily and renew major operations inside Iran, with risk that Tehran then seeks to expand the war to other fronts.
This is the dilemma of negotiating with a party that possesses what you want back.
Unless and until the leverage changes, Iran will not surrender it cheaply — and talks will remain as today: deadlocked.
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The Trump administration is making a new bid to prove a core assumption the Iran war so far suggests is flawed: that punishing strikes from a far superior US military force will force Tehran to capitulate.
President Donald Trump ordered new attacks on multiple Iranian targets on Wednesday, hours after accusing the Islamic Republic of “tapping us along” and not making a deal. “They keep playing us for suckers,” he said.
Defense Secretary Pete Hegseth explained that Washington was “clearly signaling” to Iran’s leaders and hoped to “enhance” its diplomatic position. “If we need to negotiate with bombs, we will negotiate with bombs,” he said.
The full extent of the target list and damage from the new air strikes was not immediately clear. US Central Command said in a statement that American forces fired precision munitions at Iranian military surveillance capabilities, communication systems and air defense assets.
Analysts will assess in coming days whether the attacks, some in southern Iran and apparently meant to loosen Tehran’s grip on the Strait of Hormuz, will narrow Iran’s options and shift its negotiating stance.
Sometimes in warfare, adjustments in strategy and strikes that reach a critical mass can change outcomes. But the risk is that this new offensive may simply prolong a pattern that has confounded Trump. While US forces repeatedly chalk up tactical wins, military options are yet to secure an overall strategic triumph.
Evidence of the last three months suggests that Washington only instills greater stubbornness among Iran’s leaders when it intensifies military pressure and reinforces a belief in Tehran that Trump can’t be trusted on any eventual deal.
No lasting agreement can be achieved through threats, intimidation or the use of force,” Iran’s ambassador to the United Nations Amir Saeid Iravani said Wednesday, according to Iran’s official Islamic Republic News Agency (IRNA).
If the new round of attacks doesn’t work, there’s sure to be a renewed focus on Trump’s return to coercion. One answer is his lifelong stance that each showdown has only a winner and a loser. His instinct that bringing down the hammer may force Iran to fold, meanwhile, is right out of the real estate magnate’s playbook — even if such an approach is yet to yield big wins for his diplomacy.
The president’s aggression infuses his administration’s worldview. “You can see when someone’s trying to tap, tap, tap on a deal,” Hegseth said. “Instead they’re going to have tap, tap, tap, bombs dropping on key facilities in Iran from the United States of America.
But if the new air strikes don’t force Tehran to concede, Trump will again be asked why he’s so wedded to an approach that keeps failing.
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this week were some of its most audacious attempts yet to redefine the boundaries of a confrontation that for decades has largely been fought through proxies, covert operations and carefully calibrated retaliation.
By targeting Israel in response to attacks in Lebanon, Tehran appeared to be signaling that its red lines no longer stop at its own borders – and that its leaders are ready to take greater risks.
Since the April 8 US-Iran ceasefire, Tehran has repeatedly accused Israel and the United States of eroding the truce through military action. The US has carried out strikes on Iranian targets even as indirect negotiations continued. Israel, meanwhile, has launched nearly 3,500 strikes in Lebanon, according to the country’s prime minister, including in the capital Beirut, despite restrictions
Iran responded with a series of calibrated retaliatory strikes against US and Gulf targets, while warning that if diplomacy failed it was prepared to resume the war and expand it beyond the Persian Gulf, potentially threatening shipping routes stretching from the Indian Ocean to the Red Sea and the Mediterranean.
Overnight Tuesday into Wednesday there were renewed exchanges of fire between the US and Iran following the downing of a US Army helicopter earlier in the week, underscoring the ongoing precariousness across the region.
This week’s strikes on Israel, however, appeared to mark a further step. Tehran signaled that Israeli military action against its regional allies could also trigger a direct Iranian response. The objective was to break the diplomatic deadlock in talks to reach an interim peace agreement and support Hezbollah.
Baghaei, the Iranian foreign ministry spokesman, said Washington “bears responsibility” for Israel’s actions and warned that they would “inevitably” affect the diplomatic process. An Israeli military official, meanwhile, stressed that US forces played no role in the attacks on Iran, though they did assist in intercepting incoming Iranian missiles.
Iran may have succeeded in forcing Washington to make a choice between supporting Israel’s military freedom of action and preserving a diplomatic track with Tehran.
Trump’s pressure on Netanyahu has “added another chit to the pot” for Iran, said Miller, referring to Tehran’s new leverage. “Which will be the creation of a new norm.
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Through an aggressive suite of structural reforms, the state is rolling out targeted overhauls spanning industrial licensing, tax automation, entrepreneurial incentives, and green energy deployment
For decades, navigating the regulatory labyrinth of setting up and operating a business has been a premier grievance within Bangladesh's commercial ecosystem.
Entrepreneurs seeking to establish industrial plants, expand operations, or deploy fresh capital have routinely run into a wall of multi-agency licensing requirements, opaque tax structures, and protracted administrative delays.
This cumbersome framework inflated the "hidden costs" of doing business, catalyzed systemic operational uncertainties, and consistently bottlenecked the nation’s investment potential.
Innovative technology platforms and startups will qualify for a 9-year corporate tax holiday, with additional tax incentives provided to companies that set up manufacturing bases outside Dhaka and Chattogram.
To safeguard national energy security and reduce dependence on expensive imported fossil fuels, the budget introduces substantial fiscal exemptions for green tech.
Customs duties on solar panels, inverters, and specialized industrial batteries will be dramatically reduced, backed by corporate tax exemptions on solar power generation.
Renewable energy infrastructure investments will enjoy guaranteed tax concessions extending until 2035.
Import tariffs on electric vehicles will be slashed, alongside tax breaks for entities setting up public EV-charging networks.
To release billions in corporate capital currently tied up in gridlocked tax litigation, the budget institutes strict, statutory timelines for resolving tax disputes across Appeals, Tribunals, the High Court, and Alternative Dispute Resolution (ADR) mechanisms.
Forcing swift and time-bound legal conclusions protects corporate cash lines while ensuring a predictable revenue stream for the state.
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Alongside ambitious domestic revenue targets, state planners are relying heavily on both external and internal borrowing to plug the fiscal deficit
The proposed national budget of approximately Tk938,000 crore for the upcoming FY27 brings a mix of high macroeconomic expectations and multi-layered structural challenges.
To implement a fiscal blueprint of this magnitude, the government must mobilize massive financial resources.
Alongside ambitious domestic revenue targets, state planners are relying heavily on both external and internal borrowing to plug the fiscal deficit.
Specifically, the government’s plan to borrow a net Tk112,000 crore directly from the domestic banking sector has triggered fresh anxieties among macroeconomists and policy analysts.
According to projections from the Finance Division, the overall budget deficit for the upcoming fiscal year will reach approximately Tk243,000 crore, representing roughly 3.6% of the country’s Gross Domestic Product (GDP).
Any resulting shortfall in external aid historically shifts the burden straight back onto domestic commercial banks.
The implementation of the 9th pay scale will channel substantial liquidity directly to public sector employees, likely driving up consumer demand and household consumption.
While Finance Division officials believe this demand shift will stimulate domestic economic activity, economists warn that boosting consumption without a corresponding increase in production or supply lines risks fueling inflation.
Given that the central bank has spent months enforcing tight monetary controls to cool the economy, this sudden liquidity injection could complicate efforts to achieve price stability.
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Having a TIN may be made mandatory not only for opening new accounts, but also for keeping existing bank accounts active
The government has taken the initiative to make Taxpayer Identification Number (TIN) mandatory for opening and operating bank accounts in order to expand the tax net and increase transparency in financial transactions.
Having a TIN may be made mandatory not only for opening new accounts, but also for keeping existing bank accounts active.
Sources concerned at the National Board of Revenue (NBR) said that the issue of exempting students, government pensioners and individuals and organizations exempted from tax through the gazette is under consideration.
Finance Minister Amir Khasru Mahmud Chowdhury may present a proposal in this regard in the upcoming budget for FY27.
Although tax is deducted at source at a relatively high rate on interest on bank deposits without TIN, TIN was not mandatory for opening bank accounts until now.
Tax administration officials believe that linking TIN with bank accounts will increase monitoring of financial transactions and reduce the scope for tax evasion. At the same time, it will be easier to increase the number of taxpayers.
In addition, there are plans to establish online connections with the databases of various government and private organizations, including National Identity Cards (NID), utility service providers, sub-registry offices
This may lead to small entrepreneurs moving out of the formal banking system, increasing dependence on cash transactions and negatively affecting bank deposit growth and liquidity.
He said that instead of imposing strict obligations, the government should focus on gradually expanding the cashless transaction system, creating opportunities for displaying bank account information digitally in tax returns, and strengthening coordination between the tax and banking systems.
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