New Zealand's Garbett ruled out of World Cup with injury
- 17-Jun-2026
New Zealand midfielder Matt Garbett has been ruled out of the World Cup after suffering a hamstring injury in training ahead of his side’s 2-2 draw with Iran in their Group G opener on Monday. “The whole squad’s thoughts are with Matt at this time and we are gutted he won’t be able to play […]
US-Iran framework deal reveals $300 billion private investment fund for Iran: Reuters
- 16-Jun-2026
DUBAI, June 16: A $300 billion private fund designed to trigger investment into Iran is outlined in the US-Iran deal and more than half that sum has already been committed, a source with direct knowledge of the deal told Reuters. The fund is designed to give both sides an economic incentive to conclude a final […]
Burberry faces potential investor pushback over CEO pay package
- 16-Jun-2026
Burberry faces potential shareholder opposition over executive pay at its annual general meeting next month, after a governance advisory body recommended investors vote against the British fashion house’s proposed new remuneration policy. In a report circulated to clients on Tuesday, Institutional Shareholder Services acknowledged Burberry’s rationale for the overhaul and noted the company had modified […]
Starbucks to give staff history training after backlash
- 16-Jun-2026
Starbucks Korea will shut all stores in the country at 3 p.m. on June 22 for staff training on historical awareness and social sensitivity, the operator Shinsegae Group said on Monday, following public backlash over a marketing campaign. The coffee chain faced widespread criticism and suffered a “very significant” drop in sales after last month’s […]
Yum Brands to sell struggling Pizza Hut chain
- 16-Jun-2026
Yum Brands said on Tuesday it would sell its Pizza Hut chain for $2.7 billion, as the fast-food business struggles with stiff competition and cautious consumer spending. Pizza Hut in Mainland China will be acquired by Yum China Holdings for $1.2 billion, while the rest of the business will go to private equity firm LongRange […]
US-Iran deal may not bring quick relief for auto shops
- 16-Jun-2026
Tokyo auto shops and Detroit car dealerships have been running short of motor oil, paint and other products for months since the Middle East conflict snarled global supply chains. Now, while a potential deal between the U.S. and Iran may bring an end to the fighting, industry experts and executives say it is unlikely to […]
Trump warns Iran against nuclear weapons, floats Syria role against Hezbollah
- 16-Jun-2026
EVIAN-LES-BAINS, France, June 16: U.S. President Donald Trump maintained on Tuesday that an interim accord with Iran makes clear that Tehran would never be allowed to develop a nuclear weapon, and he also suggested Syria could be better positioned to disarm Iran-backed Hezbollah. Speaking ahead of talks with Qatar’s Emir Sheikh Tamim bin Hamad Al […]
India curbs Telegram use over medical exam fraud concerns
- 16-Jun-2026
NEW DELHI: India has blocked the Telegram messaging app until June 22, saying the platform has been used to “defraud candidates” taking a national medical entrance examination, the Ministry of Education said in a statement on Tuesday. The government said it was restricting access to the Telegram platform in India for a defined and limited […]
Strait of Hormuz transit will take ‘weeks’ to resume, largest tanker operator tells FT
- 16-Jun-2026
Shipowners will not resume transit through the Strait of Hormuz for weeks until they are confident that the U.S.-Iran deal is “material”, the chief executive of Japan’s Mitsui O.S.K. Lines told the Financial Times in an interview published on Tuesday. The Iran war that began on February 28 with U.S.-Israeli strikes largely stopped shipping through […]
Pakistan can improve 2027 economic projections after Iran war end: Aurangzeb
- 16-Jun-2026
ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb hoped improvement in economic projections for FY2027 following the end of the Iran war, but saying it is too early to revise the budget presented just days ago. In an interview to Reuters, he said damaged energy infrastructure meant supply chains would take time to return to normal, after […]