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Oil prices continue slide amid hopes for peace, opening of Strait of Hormuz

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  Brent crude drops to lowest price since early March before signing of framework deal to end US-Israel war on Iran. Oil prices are continuing to drop, as hopes rise for a return to stability in global energy markets before the signing of a framework agreement on ending the United States-Israel war on Iran. Futures for Brent crude due for delivery in August dipped nearly 1 percent on Wednesday, extending declines of about 5 percent on each of the previous two days. The international benchmark stood at $78.24 a barrel as of 08:00 GMT, the lowest price since March 3, three days after the start of the war. After rising more than 50 percent during the conflict, the price of crude on Wednesday afternoon in Asia was only about 7 percent higher than before the US and Israel launched attacks on Iran on February 28. “The immediate prognosis, it seems, is optimistic and assumes no significant setbacks,” Tamas Varga, an analyst at PVM Oil Associates in London, said in a commentary. “Over the ...
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Messi hat-trick fires holders Argentina to win over Algeria at World Cup

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  Argentina open defence of their World Cup crown with a Lionel Messi-inspired 3-0 win against Algeria at 2026 edition. Lionel Messi  marked his record sixth World Cup appearance with his first hat-trick at a FIFA tournament – also becoming the joint-highest scorer at a World Cup – as Argentina  beat Algeria 3-0  to open the defence of their global crown. The former 38-year-old forward thought he had opened the scoring in the eighth minute in Kansas City on Tuesday when he slotted home from close range, but the offside flag was raised. The dream start to his record-setting appearance, which will be matched by Cristiano Ronaldo for Portugal against the Democratic Republic of the Congo on Wednesday, was not to be denied for long, though. A trademark, mazy run was capped by a drive on the edge of the box from that famed left foot. The power was too much for Algeria keeper Luca Zidane, son of World Cup winner with France, Zinedine. Messi doubled his tally on the hour mar...
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SpaceX buys AI coding startup Cursor for $60bn as AI race with OpenAI and Anthropic intensifies

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  SpaceX has agreed to acquire Anysphere, the company behind the popular AI coding tool Cursor, in an all-stock deal valuing the startup at $60 billion (€51.7bn), just days after Elon Musk's firm had a record-breaking IPO. SpaceX is pushing deeper into AI with its largest acquisition yet, striking a $60 billion (€51.7bn) all-stock agreement to buy Anysphere, the developer of the AI coding assistant Cursor. The purchase, announced on Tuesday, is intended to strengthen SpaceX's position in the enterprise AI market, where rivals such as OpenAI and Anthropic have found early commercial traction. Anysphere is a San Francisco startup that uses AI to automate large parts of software development, and its Cursor tool is widely used by programmers. According to a regulatory filing, the two sides signed a merger agreement under which a SpaceX subsidiary, X67 Inc., will merge into Anysphere, leaving Cursor as a wholly owned subsidiary. The merger is expected to close in the third quarter o...
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India blocks Telegram until Monday due to student exam fraud concerns

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  A viral youth satirical protest movement, the Cockroach Janta Party, has emerged following exam cancellations last month. India has blocked the Telegram messaging app until Monday and ordered the platform to disable the editing feature on messages already posted, saying the platform has been used to “defraud candidates” and for “paper leaks” regarding upcoming national student examinations. The restriction was issued on Tuesday under a stringent provision of the IT law, which empowers the government to block access to online sites in the interest of India’s “sovereignty and integrity”. Activists said the provision is used to  curb free speech  although Prime Minister Narendra Modi’s government said it ‌acts in compliance with the law and in the public interest. Last month, the government cancelled a key undergraduate entrance exam for medical schools known as the National Eligibility-cum-Entrance Test (NEET) after authorities discovered the questions had been leaked bef...
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Trump tells Netanyahu 'be responsible with Lebanon, let Syria handle Hezbollah' at G7

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  Trump questions Netanyahu's methods, says Beirut strike was excessive, and points to Syria’s President as the most “capable” of countering Hezbollah. US President Donald Trump said Benjamin Netanyahu must be “responsible about Lebanon” and let Syria “handle Hezbollah” in comments to reporters at the G7 summit. His remarks came during a bilateral meeting with Qatar’s Emir Tamim bin Hamad Al Thani, a mediator in US-Iran talks aimed at reaching a framework deal to end the war. Trump said Hezbollah remains a problem for the region, but suggested that Israel’s response had gone too far and could jeopardise stability in the Middle East. On Sunday, the Israel Defense Forces (IDF) struck a building in the Lebanese capital, Beirut, injuring more than a dozen people and killing three. Israel said the operation targeted a command centre belonging to Hezbollah. The attack came as the US prepared to announce a framework deal to end the war with Tehran. Trump acknowledged that Hezbollah is a p...
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Moscow oil refinery ablaze after retaliatory Ukrainian drone strike

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Kyiv claimed the attack as retaliation for Russia's intensifying aerial campaign, a day after drones damaged a UNESCO-listed monastery complex in the capital. Russian authorities confirmed the strike caused damage to the facility in the Kapotnya district of southeast Moscow, though no casualties were reported. Moscow Mayor Sergey Sobyanin announced the incident on Russia's state-run Maks platform, saying that "one of the drones damaged a Moscow oil refinery facility" and that there were no injuries. He added that 60 drones targeting Moscow had been intercepted on Tuesday alone — what the TASS state news agency described as one of the largest barrages aimed at the Russian capital this year. Local authorities closed the area around the refinery to traffic following the strike. Zelensky confirmed Ukraine was responsible, framing the operation as a show of long-range force. "This time, the Moscow region felt the reach of Ukraine's long-range capabilities. An oil ...
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Australia warns El Nino weather pattern set to be strongest in decades

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  The Bureau of Meteorology says forecasts point towards a ‘very strong El Nino event’. Australia’s weather bureau has warned that an  El Nino weather pattern  has formed in the tropical Pacific and could intensify in the second half of the year, becoming one of the strongest in seven decades. The Bureau of Meteorology said in a statement on Tuesday that sea surface temperatures in the region had exceeded El Nino thresholds, and atmospheric indicators also suggested the phenomenon has begun. “Forecasts are pointing towards a strong to very strong El Nino event, based on the extent of warming in the central tropical Pacific,” it said. “Around half of the models indicate this event could peak at levels among the highest observed since 1950.” Forecasters expect the weather to bring excessive rain to the Americas and hot, dry conditions to  Asia , which is already experiencing crop-planting issues, raising concerns about food supplies. According to the bureau, El Nino is...
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