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Jet2 reports a 7.1% increase in summer bookings compared to last year, citing a fragile Middle East ceasefire and consumer confidence. UK hotels and holiday parks see a 35% jump in bookings, driven by fears of flight cancellations and EU border delays.
US President Donald Trump has expressed disappointment with NATO allies over their support during the war on Iran, calling the relationship 'one-sided' and labeling Spain a 'horror show.' He also declared the ceasefire with Iran over, vowing no negotiations. The statements came ahead of and during a NATO summit in Ankara, where Trump reportedly softened his tone.
Prime Minister Benjamin Netanyahu said Iran possesses chemical weapons and that its nuclear program was significantly set back by US and Israeli strikes. He also vowed Iran will never have a nuclear weapon, with or without a deal.
Oil prices jumped over three percent as the US and Iran exchanged strikes following attacks on ships in the Strait of Hormuz. Washington revoked a sanctions waiver, while Iran accused the US of violating a memorandum of understanding. Regional alerts sounded in Bahrain and Kuwait, and Jordan reported shooting down Iranian missiles.
Hong Kong stocks rebounded on Tuesday, with the Hang Seng Index rising 2.4% and the Hang Seng Tech Index surging 4.3%, led by technology shares. Concerns over lock-up expiries for Zhipu AI and MiniMax eased as cornerstone investors reaffirmed commitments, while Momenta Global posted a modest debut gain.
South Korea's economy continues its recovery, driven by strong semiconductor exports and improving domestic consumption, according to the finance ministry and state-run think tank KDI. Despite a manufacturing slowdown, exports hit a record high in June, and the finance ministry raised its growth projection for 2026.
South Korean Foreign Minister Cho Hyun met Japanese counterpart Toshimitsu Motegi on the sidelines of the NATO summit in Ankara, pledging deeper bilateral ties and cooperation. The two also joined US Secretary of State Marco Rubio for trilateral talks reaffirming commitment to denuclearizing the Korean Peninsula and signing an MOU on small modular reactors.
Finance Minister Koo Yun-cheol announced a 14.9 trillion won package of loans and guarantees to support small- and medium-sized enterprises hit by recent foreign exchange volatility. He also pledged to implement three megaprojects and unveil a second-half growth strategy, despite May's record current account surplus.
In the aftermath of the US-Israeli war in Iran, regional powers are shaping a new security architecture. While the US pushes a track linking Iran's containment to Gulf security and the Abraham Accords, a regional autonomy track involving Pakistan, Turkiye, Saudi Arabia, and Egypt is gaining momentum, and China supports de-escalation through Saudi-Iranian rapprochement.
Israeli Prime Minister Benjamin Netanyahu has publicly urged US President Donald Trump not to sell F-35 fighter jets to Türkiye, warning it would disrupt the Middle East power balance. Trump, meeting with Turkish President Recep Tayyip Erdogan at a NATO summit in Ankara, said he would consider reversing the ban. The dispute adds to existing tensions between the leaders over Iran policy and regional security.
At the NATO summit in Ankara, Ukrainian President Volodymyr Zelenskyy argued for Ukraine's membership, citing its strong defenses and slow Russian advances. Meanwhile, NATO leaders face divisions over the war in Ukraine, defence spending, and the US-Israel conflict in Iran, with Trump attending the summit.
During a visit to Ankara, US President Donald Trump announced he would lift sanctions on Turkiye and consider resuming F-35 fighter jet sales, despite opposition from Israeli Prime Minister Benjamin Netanyahu. The move signals a potential shift in US-Turkiye relations after years of tension over Turkiye's acquisition of Russian S-400 systems.
A new UN SDG Progress Report shows significant global advances in water access, HIV treatment, and electricity, yet warns that conflict, climate change, and financial shortfalls leave one in ten in extreme poverty and many goals off track.
US President Donald Trump is expected to signal support for Turkey's potential return to the F-35 stealth fighter program during a NATO summit in Ankara, despite legal and congressional hurdles. The move would mark a significant step in warming US-Turkey ties, though obstacles remain, including Turkey's possession of the Russian S-400 air defense system.
NATO leaders gathered in Ankara, Turkey, for their annual summit, with defence spending and the future of US commitments to the alliance at the forefront. Reports indicate a pledge to boost defence spending to 5% of GDP by 2035 and significant military aid for Ukraine, while concerns persist over US arms deliveries and President Trump's stance.
NATO's 32 member states are holding two days of talks in Ankara, Turkey, to review progress since last year's summit in The Hague and address divisions over defence spending, the Ukraine war, and the Iran conflict. US pressure on allies to raise budgets to 5% of GDP, along with a fragile US-Iran ceasefire, dominate discussions.
A tanker was struck by an unknown projectile off the coast of Oman near the Strait of Hormuz, catching fire. The incident has heightened concerns over shipping security in the vital waterway, with reports of multiple vessels attacked and suspicion falling on Iran.
Nato leaders gather in Ankara for a summit overshadowed by US pressure on allies to increase defence spending. Secretary General Mark Rutte calls for concrete plans to reach spending targets, while the alliance seeks to showcase unity and new arms contracts amid concerns over European defence industry capacity.
Prime Minister Benjamin Netanyahu has urged the US not to sell F-35 fighter jets to Turkey, warning the move could disrupt the regional balance of power. His comments come as President Trump heads to Ankara for a NATO summit where Turkey is expected to push for renewed access to the program.
Britain has scrapped a £45 million programme that aimed to help one million girls across Africa, Asia and the Middle East access higher education. The decision, announced just two years after the programme was launched, has drawn criticism from Labour MP Bambos Charalambous and development groups, who say it undermines the government's stated commitment to women and girls.