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Ukraine is struggling to defend against Russian ballistic missile attacks due to a critical shortage of Patriot interceptor missiles, a problem exacerbated by global stockpile depletion and European refusals to supply more. The situation has prompted urgent appeals from Ukrainian officials and raised questions about alternative defense systems.
The South Korean won edged higher against the U.S. dollar in recent trading sessions, supported by exporter dollar sales and falling oil prices, while traders remained cautious over U.S. inflation data and Middle East tensions. Foreign investors showed mixed activity in local stocks, with the KOSPI experiencing sharp fluctuations.
Iranian President Masoud Pezeshkian publicly acknowledged the difficulty of communicating with Supreme Leader Mojtaba Khamenei, who has not appeared in public since taking office in March. The remarks come amid reports of internal political infighting over the country's war strategy and the peace deal with the US.
South Korean stocks opened higher on Wednesday, driven by gains in technology shares, despite overnight losses on Wall Street and fading optimism over a potential U.S.-Iran peace deal. The KOSPI traded up 2.35 percent in early trading, with Samsung Electronics leading gains.
A 54-year-old Halifax man already charged with uttering threats and public mischief is now facing a terrorism-related charge after an alleged bomb threat against the U.S. Consulate. The new charge, laid under the Criminal Code's section on threats against internationally protected people, carries a maximum sentence of 14 years. The accused remains in custody as his bail hearing was adjourned for a fourth time.
California Attorney General Rob Bonta canceled settlement talks with Paramount over the blockbuster Warner Bros. Discovery merger, accusing the company of leaking confidential discussions. Meanwhile, major theater chains now support the deal, while Paramount CEO David Ellison has threatened to move operations out of California.
Pakistan's government has announced a mixed fuel price adjustment, cutting petrol by Rs1.70 per litre while raising high-speed diesel by Rs1.39, effective August 12. The move comes amid fluctuating international oil prices and a shift to daily price reviews, which has drawn opposition from dealers.
Robert Gilman, a former US Marine detained in Russia since 2022, has been released and is en route to a US military hospital in Texas. Advocacy groups and his family had raised alarms about his deteriorating health, including a reported dissociative stupor requiring tube feeding.
US President Donald Trump has admitted the military needs to replenish weapons stockpiles, while blaming predecessor Joe Biden's billions in Ukraine aid for any potential munitions shortfalls. Trump also denied reports of frustration with Defense Secretary Pete Hegseth.
The Trump administration is escalating economic pressure on Iran with new sanctions and a naval blockade, announcing what President Trump called an 'economic D-Day.' Iran has threatened retaliation, and the UAE has suspended trade with Tehran, severing a key economic lifeline.
South Korea's KOSPI opened sharply lower on Thursday, falling 119.51 points, following losses on Wall Street and amid reports of progress on the Strait of Hormuz. The index had opened 59.6 points lower earlier in the week, with markets also tracking U.S. declines.
Iran's Supreme Leader has appointed six senior military commanders, signaling preparations for a prolonged confrontation with the US and Israel. Meanwhile, IRGC commander Ahmad Vahidi declared Iran would continue developing nuclear weapons, drawing a firm response from Israeli Prime Minister Benjamin Netanyahu and warnings from President Donald Trump.
President Donald Trump announced what he called the most crushing economic operation ever against Iran, threatening consequences for any country providing a financial lifeline as talks remain stalled. Iranian officials blamed external pressure for domestic difficulties while reports detailed soaring food inflation and currency collapse. Analysts pointed to both sanctions and long-term regime spending priorities as drivers of the crisis.
Nvidia is reportedly in talks with major US investment firms, including Apollo Global Management, Blackstone, and Goldman Sachs, to fund $500 billion in AI infrastructure projects. The deal could be announced as soon as Monday, and analysts are raising concerns about the circular nature of financing in the AI ecosystem.
A senior Pentagon official reiterated calls Monday for Asian allies to make greater defense contributions, stressing that the Trump administration seeks partnerships 'not dependencies.' The remarks, made in Manila, come as regional concerns mount over US commitment amid shifting strategic priorities.
Uganda's Parliament voted in early August to authorize the deployment of Uganda People's Defense Forces troops to Gaza as part of a U.S.-backed international stabilization mission. The decision, introduced by Defense Minister Kiryowa Kiwanuka, has sparked debate among lawmakers over risks and funding, while officials continue to finalize details of participation.
More than five months into the US war with Iran, President Trump has signalled a move from military force to economic pressure, according to Al Jazeera. The blockade of Iranian ports and the closure of the Strait of Hormuz are central to the strategy, but analysts question whether it can force Tehran to capitulate.
Israeli Prime Minister Benjamin Netanyahu has rejected a US-backed 15-point peace plan for Gaza, marking a rare public break with President Donald Trump. Meanwhile, Iran has issued tough new demands for reopening the Strait of Hormuz, and the conflict has stranded thousands of seafarers.
Washington plans to lift its blockade on Iranian ports immediately after an agreement is reached to restore unimpeded shipping through the Strait of Hormuz, according to US and Iranian sources. The talks, announced by President Donald Trump, also address ending regional strikes and renewing Iranian oil exports.
Saudi Arabia, Turkey, and Pakistan have signed a joint defense agreement in Mecca, including a collective-defense commitment. The deal has drawn attention for its potential regional implications, including remarks by Pakistan's defense minister calling for a united front against Israel.