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OBITUARY - Former Qatar ruler Sheikh Hamad has died. A moderniser, who took power, Hamad was a former leader of Qatar.
Sheikh Hamad Bin Khalifa al-Thani died aged 74. He was a moderniser and a powerful leader who took power in 1995, but broke tradition by handing it over to his son, 18 years later. The Amiri Diwan in Qatar, Qatar's top government body, announced on Sunday that Sheikh Hamad died. The cause of death was not mentioned. It did not mention?the cause of his death. Sheikh Hamad presided in one of the most significant periods of history of the country, driving a fast transformation of the small desert state, which reshaped the economy, global status and political ambition. He was a strong, independent personality who explained in his 2013 speech marking his abdication that he wished for a new generation to take charge "with their innovative thoughts and active energies". Sheikh Hamad was responsible for Qatar's efforts to develop its LNG infrastructure, which allowed the country to export its vast reserves of gas to the global market. This made Qatar one of the largest exporters in the world and laid the foundations of its immense wealth. He founded the?media network Al Jazeera which gave Qatar a voice that was unmatched in Arab politics, and extended its influence beyond the Gulf. He also led the successful bid for the 2022 "soccer World Cup", a move which firmly placed Qatar on the international stage, and accelerated the decade-long infrastructure construction that transformed the capital Doha. LAYING THE GROUNDWORK OF QATAR'S PART AS A PEACE BROKER In his foreign policy, he carved out a role as a peace broker for Qatar. He mediated talks in conflicts ranging from Lebanon to Yemen to Darfur and maintained ties with both the United States - which hosts U.S. Central Command - and?Iran as well as groups that aligned themselves with it. This balancing act laid a foundation for Qatar's role today in the negotiations between the United States, Iran and its allies. Qatar, under Sheikh Hamad, played a prominent role in the Arab Spring of 2011, using its resources and influence to support revolutionary movements and Islamists groups throughout the region. Doha's policy was portrayed as a support for the popular demand for political change. However, critics accused Doha -- and Sheikh Hamad - of backing only factions that aligned to its interests, notably groups connected?to?the Muslim Brotherhood. Sheikh Hamad was at odds with other Gulf monarchs, such as Saudi Arabia and the United Arab Emirates. They viewed these movements negatively and as a threat against regional stability and monarchical authority. Qatar's activism raised its regional profile, but it also?deepened the tensions with neighbours. It left a legacy which continues to influence Gulf politics. COUP AND ATTEMPTED COUNTER COUP Sheikh Hamad abdicated to "ensure a smooth transition" and minimise any discord in a family that has a history of palace intrigue. In 1995, he took power in a bloodless revolution from his father. He survived a counter-coup attempt that analysts attributed to his dad, who had seized power in a similar manner in 1972, by ousting his own cousin. Sheikha Hamad bint Nasser was one of Sheikh Hamad’s most influential partners in Qatar’s modernisation effort. She developed a profile public that was unusual for the wife of a Gulf leader. Sheikha Moza’s influence was boosted by his efforts to reposition Qatar at home and abroad. Sheikh Hamad's political and economic reforms, which reshaped the trajectory of the country, were accompanied by parallel initiatives in education, social development, and research. The emir was 44 when he took over as the leader of the region. He was seen as being less distant than other Gulf Arabs leaders and would often be found in his favourite café at Doha's souq talking to the customers. (Writing by Michael Georgy, Andrew Mills and Emelia Sithole Matarise; Editing by Emelia S. Sithole Matarise)
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Former emir, Sheikh Hamad Bin Khalifa al Thani, has died at the age of 74
The nation's Amiri Diwan (its top government body) announced on Sunday that Qatar's former emir had died at the age of 74. Sheikh Hamad bin Khalifa Al Thani, Qatar's former ruler from 1995 until 2013, abdicated to his son Sheikh Tamim. Sheikh Tamim is now the current leader of this gas-rich Gulf nation. The Amiri Diwan has announced the death of HH Father Amir Sheikh Hamad Bin Khalifa Al-Thani. The Diwan stated that Allah would have mercy on him and give him the best reward possible for his achievements for 'his homeland and nation. Sheikh Hamad has raised Qatar's profile globally through the Al Jazeera TV network and its successful bid for the 2022 World Cup soccer tournament. This?U.S. allied state, which has more than 2.5million people, is a small country, but it is the largest?exporter in the world of liquefied gas. It is also a major player in Middle East diplomacy, international media, and global investment. In June '2013, Sheikh Hamad abdicated power to his son, the crown prince at that time, in an unusual move by a hereditary Gulf Arab leader to "ensure a smooth succession". He had himself overthrown his own father in 1995 in a bloodless revolution.
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Toronto police report that 2 people have died and 5 others were injured in an active shooter incident.
According to an emergency alert posted by the police on X, two people were killed and five injured in a shooting incident that occurred in Toronto 'on Saturday. Five people were found with gunshot injuries by police officers. Two victims were declared dead on the spot. It was not immediately clear what the conditions were of the other victims. CTV News reports that the shooting took place in Midtown Toronto, during the Salsa on St. Clair Festival, an annual Latin festival. The authorities urged the public to avoid the area, and to follow the directions of the police as the investigation and response continued. In a X.com post, Canadian Prime Minister Mark Carney expressed his "horror" at the shooting. He also said that the police have his full backing in their efforts in apprehending those responsible. He said: "My prayers go out to the families who are grieving, those in critical condition, and all who have been affected by this horrible event." Toronto Police declined to give 'additional information beyond that posted on the department's official feed?on X. The police said that updates would be given 'as new information becomes available. No details were immediately released about the suspect, motive, or arrests. (Writing and reporting by Wa Lone, Additional reporting by Disha in Bengaluru. Editing by Thomas Derpinghaus).
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Police say that 2 people were killed and 5 injured in an active shooter incident in Toronto.
According to an emergency alert posted by the Toronto police on X,?five people were injured and two were declared dead?after an active shooter incident?incident?in Toronto?on Saturday. Five people were found injured with gunshots, according to the police. Two victims were declared?dead on the spot. It was not immediately clear what the condition of?the other victims' were. CTV News reports that the shooting took place?in Midtown Toronto, during a Latin festival called 'Salsa on St. Clair. Police urged people to avoid the area, and to follow the police's instructions as they continue their investigation. A 'Toronto Police spokesperson refused to 'provide a?additional detail beyond the information that was posted on the official X feed of the department. The police?said that updates would be given as soon as new information was?available. There were no immediate details about the suspect, arrests or motive.
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The Tour de France stage nine will be shortened due to the heatwave.
The organisers of the race announced on Saturday that Sunday's stage nine will be reduced by 30 km due to heat risks. However, it will still have its original start and finish locations. In a press release, the organizers announced that the stage from Malemort, originally planned for 185.5km, will now be a 155.5km route. The statement said that Meteo-France had placed the Department of?Correze under red alert because of an intense heatwave. "In light of that... the race is going to?divert the original route in the neutral area, taking the D921 from Brive-la-Gaillarde and heading straight to Lanteuil 147.8km from the finish at Ussel." Western Europe has experienced the warmest June in?record. This led to an increase in deaths due to heat. The heat forced French nuclear reactors to reduce output on Friday. The organisers stated that "all government offices, local authorities and security forces as well as emergency and health services and accredited civil protection organisations, volunteers, and other stakeholders are fully committed to making sure this stage runs smoothly." After the eighth stage, the four-time Slovenian champion,?Tadej Pogacar, is leading. (Reporting by Vincent Daheron; Writing by Chiranjit Ojha in Bengaluru)
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Iran's supreme Leader vows revenge for the slain father
Ayatollah?Khamenei, Iran's supreme leader, issued a written statement on Saturday threatening vengeance on behalf of his father and predecessor. He added that the vengeance would not be limited to Iran alone but also depend on the "free people" around the globe. The statement, read out on state TV, said that revenge was "the nation's demand" and "must definitely" be carried out. Ayatollah Khamenei died in an airstrike by the U.S. and Israel on?February 28 at the beginning of the war. The statement stated: "We promise to avenge all martyrs and criminals in these two wars, and the blood shed by the martyred leader." Mojtaba Khmenei has not been seen in public by Iranians since March 8, when he was named supreme leader. Senior sources claim that he suffered facial disfigurement as well as other injuries. The statement stated that "whether we are there or not, this will be achieved, and soon, every free person in the world will fulfill their part of this divine task." The U.S.-Iranian exchange of fire this week raised doubts about the truce that Washington and Tehran agreed to end their four-month war. Iran claims the deal will bring major economic benefits. Donald Trump declared that the ceasefire was over on Friday, but added that both countries agreed to continue talks. The continued absence of Mojtaba Khamenei from the public eye - there have been no photos, videos or audio recordings published since the air attack - has increased the uncertainty facing Iran. Some Iranians say the new leader should be seen, even if injured. With the support of the Revolutionary?Guards, he became the supreme leader. Ayatollah Khamenei was buried at the country's holiest site, according to state media, on Friday after massive crowds attended his funeral. (Reporting and editing by Enas Alashray, Ahmed Elimam, Tomasz Janovski, Joe Bavier, Thomas Perry)
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Russia attacks Ukraine with drones and missiles, killing two people and injuring 19 others
Officials said that Russia attacked Ukraine on Saturday with drones and missiles, killing two people and injuring 19. Kyiv is waiting for supplies of air defense munitions due to a shortage, which has left the country vulnerable to Russian attacks. A drone attack and a missile attack using ballistic, cruise, and cruise missiles in Kyiv's capital caused 11 injuries. "Civilian infrastructure had been hit before the air raid warning was issued," said President Volodymyr Zelenskiy, who added that rescuers are working at the scene. "Our defenders were able to shoot down the majority of the targets, but not ballistics," he said, calling on Ukraine’s allies for a quick delivery of the air defence support packages agreed at the NATO Summit this week. Ukraine's Air Force said that Russia had launched six ballistic rockets, six cruise missiles, and 121 drones. It also added that at least two cruise weapons and 111 drones were?downed. A drone struck a civilian enterprise located in Kharkiv in eastern Ukraine, injuring seven people. UKRAINE REQUESTS SUPPLIES FROM ALLIES In the last month, Ukraine has been largely unsuccessful in destroying ballistic missiles that travel at speeds several times faster than sound. The Ukrainian government has asked allies for more munitions and urged Europe to collaborate with Kyiv in developing its anti-ballistic system. The U.S. president Donald Trump announced this week that Ukraine would be given a license to manufacture its own Patriot missiles. After the attack on Saturday, Zelenskiy demanded that "those projects" move as quickly as possible. In recent weeks, Russia has intensified its attacks against the capital. In the last month, more than 60 people have been killed in strikes against Kyiv and its surrounding area. Kyiv has, on the other hand, 'been pressing Russia's military logistic in occupied Southern Ukraine by conducting strikes against trucks and vessels deep behind front lines. Robert Brovdi, Ukraine's drone forces chief, said that his units had struck 21 fuel tanker ships in the Sea of Azov over night, along with seven other cargo and supply vessels, bringing this week's total to 76 vessels. Max Hunder, Kyiv (Reporting and Editing by William Mallard Tomaszjanowski and Barbara Lewis).
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Trump Administration rule weakens protections of threatened species
The 'Trump administration' finalized on Friday, a major change to how threatened species are considered by agencies. They removed?regulatory lingo aimed at preventing damage to wildlife habitats and drew a legal challenge. The Endangered Species Act is no longer applicable. It was passed 50 years ago and has been credited for saving the bald eagle and California condor, among many other animals and plants, from extinction. The Endangered Species Act is an important?regulatory factor for government agencies in granting permits to oil and gas, mining and?electrical transmission operations and other activities on federal lands or water. The new rule excludes "habitat destruction" from the definition of "harm" under the ESA. This means that project developers can 'damage places where wildlife lives as long as the wildlife is not directly injured or killed. Interior and Commerce departments said that the final rule would reduce costs associated with permitting and compliance for energy producers, farmers, fishing interests and others. This move is in line with President Donald Trump's desire to reduce the regulations that, according to him, limit American businesses. Interior Secretary Doug Burgum stated that "this?action restores the common sense and respects private property. It provides much-needed clarity for landowners, and it follows the statute Congress passed." The rule was proposed by the administration in April 2025. Earthjustice, an environmental?group, said that it would sue. Earthjustice attorney Kristen Boyles said that for the first time, a president's administration has claimed?that species protected under the Endangered Species Act should not be safe from habitat modifications that destroy where they live, their young or look for food. "Let's be clear: the Trump administration's regulation has no support -- scientific, legal, or public. (Reporting and editing by Nichola?Groom, Sanjeev Miglani, Chizu Nomiyama)
FOREX Dollars rises, but not far from the pre-war levels.
The U.S. Dollar extended gains for the second consecutive session?on Tuesday. This was largely due to the sustained uncertainty surrounding the Middle East conflict, which drove investors towards the greenback in search of a "traditional safe haven".
The dollar rose sharply in March, as currencies of oil-dependent economies like?Japan?and the euro zone were heavily sold following the surge in oil prices after Iran's closure of the Strait of Hormuz. The greenback weakened after the ceasefire began on April 7. Donald Trump, who dismissed Iran's proposal Monday as "garbage," threatened to terminate it. The dollar is now close to pre-war levels.
Mohit Kumar is an economist with?Jefferies.
Trump is expected in Beijing to arrive on Wednesday. Iran will be one of the topics discussed between Trump and Chinese President Xi Jinping.
CRUDE OIL?PRICE SUPPORTING DOLLAR
"As long the crude oil price remains high, due to the U.S. blockade of Iranian ports and Iran's threats to tanker traffic, the dollar will remain strong," said Thierry Witzman, global forex rates and currency strategist at Macquarie Group.
He added that the impact of high oil prices on other countries' economies would be "much more harmful" than what the U.S. economy will suffer.
As hopes faded for an agreement to end the war against Iran, oil prices rose by 2% on Tuesday.
Wizman has also stated that the U.S. government is likely to have decided its economic blockade against Iran - the 'economic warfare' - could be more efficient than resuming the bombing campaigns.
The U.S. Dollar Index, which measures its value in relation to a basket major foreign currencies, rose 0.35%, reaching 98.30. The index was 97.85 in February and 100.64 at the end of March. Late last week, it fell below pre-war levels.
RATE OUTLOOK IN CENTRAL FOCUS
Investors also pay close attention to the monetary outlook. The Federal Reserve is expected to keep rates higher longer in order to combat inflationary pressures. Meanwhile, traders bet that the European Central Bank's depo rate will increase to around 2.75% from its current 2% by the end of the year.
The euro dropped 0.33% to $1.1744.
A survey of economists predicts that the U.S. consumer price index will show a 0.6% increase in April after a jump of?0.9% last month. The estimates ranged from 0.4% to 0.9%.
The data may confirm that the Federal Reserve will likely 'keep interest rates the same in the near future. The traders have already priced in the possibility of rate reductions for the year, compared to two cuts that were expected before the Iran War broke out.
YEN IS STILL IN THE INTERVENTION WATCH ARENA The Japanese yen surged suddenly during the late Asian session of Tuesday, fueling speculation about a "rate-check", which is often a prelude to currency intervention. The dollar last stood at 157.57 yens, up 0.25 percent on the day. This was after U.S. Treasury Sec. Scott Bessent stated that he has great confidence in Bank of Japan Governor Kazuo Ueda to guide the central banks towards a "very effective" monetary policy. Japan's authorities are said to have spent $63.7 billion on the current round.
(source: Reuters)