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Pakistan arrests suspect following viral video of couple killed in name of "honor"
Authorities said that Pakistan arrested a suspect on Sunday after a video appeared on social media showing a woman and man being shot to death for marrying in defiance of their families. According to the provincial authorities who conducted an investigation after the viral video, the couple, which was not identified, had been shot dead last month on the orders from a local tribe council in Pakistan's southwest Balochistan Province. Sarfraz Bugti said that one of the suspects was arrested after the location, and the people, in the video, were identified. He said that a case had been filed against everyone involved. The video shows people driving pickup trucks and SUVs in the desert. A woman receives a copy the Quran (the holy book of Islam) and then says to a man, "Come take seven steps with me. After that, you can shoot at me." He then followed her for a couple of steps. According to a local police official, the woman didn't cry out for mercy or ask for help. You are only allowed to shoot at me. "Nothing more," says the woman in regional Brahavi, as translated by an official. She did not explain what she meant when she said "nothing else". A man who had been following her then pointed a pistol in her direction. As shots were fired, the woman in a shawl stood still. After two close-range shots, she remained upright, but fell to the ground following the third. Then, a series gunshots follow. A man is shown lying bloodied on the ground near the body of the woman. Men are then shown firing at both bodies. The video's authenticity could not be independently verified. The Human Rights Commission of Pakistan stated that by 2024 there would be at least 405 “honour murders”, criticizing the authorities for their failure to eradicate these crimes. Human rights groups claim that the majority of victims are women and that most killings are carried out by family members who are claiming to be defending their family's image. Families conservatives do not permit couples to get married against their will. These killings are illegal.
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Russia Rosneft criticizes EU sanctions against India's Nayara Refinery
Rosneft - Russia's largest oil producer - slammed Sunday the European Union's sanctions against India's Nayara Energy Refinery, calling them unjustified, illegal and a direct threat to India's energy independence. The 18th package against Russia for the conflict in Ukraine was approved by the European Union on Friday. It is designed to deal further blows to Russia’s oil and energy industries. Nayara Eenrgy is one of the companies targeted. The Nayara Energy Refinery is an important strategic asset for India's energy industry. It provides a steady supply of petroleum products on the domestic market. "The imposition of sanctions on the refinery will directly threaten India's energy and have a negative effect on its economy," Rosneft stated. Rosneft has said that it does not own more than 50% of Nayara, and the company is run by an independent board. It called the EU's explanation for the sanctions "farfetched and false when taken in context." Rosneft stated that "Nayara Energy" is a legal entity in India whose operations are designed to support the development and growth of its assets. The company has never paid dividends and invests all profits back into refinery, petrochemicals and retail operations. The Russian oil giant has accused the EU for disregarding international law, as well as the sovereignty of third-country countries. It also said that the EU's actions were part of an effort to destabilize the global energy market and engage in unfair competitiveness.
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Tasnim reports that Iran could hold nuclear negotiations with European powers next Week
Iran, Britain France and Germany may hold talks on Tehran's Nuclear Programme next week, according to the semi-official Iranian Tasnim News Agency. This follows warnings from three European countries, that if negotiations are not resumed, international sanctions will be reimposed against Iran. The principle of the talks is agreed, but the consultations continue on the date and location of the talks. Tasnim quoted a source as saying that the country where the talks may take place next week is not finalized. The report about possible talks comes just a few days following the first phone call between the E3 nations' foreign ministers and Abbas Araqchi, the Iranian foreign minister, since Israel and the U.S. launched their attack on Iranian nuclear facilities one month ago. Three European countries along with China, and Russia are the last remaining parties of a nuclear deal signed in 2015 with Iran, from which the United States resigned in 2018. The agreement lifted sanctions against the Middle Eastern nation in exchange for restrictions to its nuclear program. The E3 has said that they will restore U.N. Sanctions on Tehran by the end August via the "snapback" mechanism if the nuclear talks between Iran and the U.S., which were in progress before the Israel-Iran Air War, do not resume or produce any concrete results. Araqchi stated earlier this week that "if EU/E3 wants to play a role in the region, they must act responsibly and abandon the tired policies of pressure and threat, including'snap back', for which there is no moral or legal basis." snapback mechanism The U.N. Security Council Resolution enshrining this deal expires October 18th. Oman mediated five rounds of nuclear negotiations between Tehran and Washington prior to the Israel-Iran conflict. However, there were major obstacles, such as Iran's uranium enrichment, which Western powers wanted to reduce to zero in order to minimize any threat of weaponisation. Tehran insists that its nuclear program is only for civil purposes. (Reporting and editing by Dubai Newsroom)
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In June, China's rare earth magnet exports to the U.S. soared.
China's rare earth magnet exports to the United States increased by six times in June from May. This is a dramatic increase in the flow critical minerals that are key for electric vehicles and windmills following a Sino-US Trade Deal. Data from the General Administration of Customs on Sunday showed that the number of shipments from China to the United States, the world's biggest producer of rare-earth magnets, increased by 660% in June compared to May. The talks were part of pacts made in June, which resolved issues relating to the shipments of magnets and rare earth minerals to the United States. Nvidia also announced its intention to sell H20 AI chips from China. In retaliation to U.S. Tariffs, China, which supplies more than 90% global supply of rare-earth magnets, added several rare-earth items to its list of export restrictions in early April. Global suppliers were rattled by the sharp drops in shipments that followed in April and in May due to the long time required to obtain export licenses. Some automakers outside China had to stop partial production because of a shortage of rare Earths. China exported 3,188 tonnes of rare earth permanent magnetic materials last month. This is up 157.5% compared to 1,238 tons shipped in May. However, the volume in June was still 38.1% below the same month in 2024. Analysts said that the shipment of magnets is likely to increase in July, as more exporters have obtained licenses since June. Exports of rare-earth magnets dropped 18.9% year on year, to 22,319 tonnes in the first half 2025.
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Heritage Foundation founder Feulner died at age 83
Heritage Foundation released a statement stating that Edwin Feulner died at the age of 83. He was the founder and longtime President of the influential U.S. think tank, the Heritage Foundation. The statement on Friday did not mention when Feulner died, or what caused his death. Feulner is a Chicago born political scientist who founded Heritage in 1973. He became president of the organization in 1977 and held that position until 2013. In 1989, Ronald Regan, Republican president of the United States, awarded him with the Presidential Citizens Medal. In a joint press release, current Heritage president Kevin Roberts wrote that Feulner established Heritage "to plant a flag for the truth in a city too often seduced with power". They wrote: "What began as a small outpost of conservative ideas, became - with Ed's tireless guidance - the intellectual weapon for the Reagan Revolution and modern conservative movement." Heritage continues to have a profound impact on American conservatism. It is the institution which created Project 2025 - widely regarded as the policy blueprint for President Donald Trump's fast-moving second tenure. Mitch McConnell (a Republican senator and long-time leader) wrote on Facebook that Feulner was "a great man." He added that his dedication to promoting the peace of strength at the end Cold War is a lesson that will endure. Representative Steve Scalise (a Republican majority leader in Congress) wrote on social media about Feulner, saying that he "was one of those architects who built this country's conservative movement." (Reporting from Brad Brooks, Colorado; Editing and proofreading by Christopher Cushing).
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Trump's funding cuts halt water projects and increase risks for millions
According to new research, the Trump administration's decision of cutting nearly all U.S. aid to foreign countries has left dozens water and sanitation projects in the middle of completion around the world, creating hazards for those they were intended to help. After speaking with 17 sources who are familiar with infrastructure plans, we have identified 21 unfinished construction projects in 16 different countries. The majority of these projects were not reported before. Workers have abandoned their shovels, left half-dug holes, and unguarded building materials after hundreds of millions in funding were cancelled since January. This is according to internal documents and interviews with U.S. officials. The United States has left millions of people to their own devices, despite having promised them clean drinking water and reliable sanitation. According to two anonymous U.S. officials, water towers that were intended to serve Mali's schools and clinics have been abandoned. Construction on more than a hundred drinking water systems in Nepal was stopped, and plumbing supplies, 6,500 bags cement, were left behind. According to Pradeep Yadav, the water minister of the Himalayan country, the nation will finish the project with its own money. The project in Lebanon to supply cheap solar energy to water utilities has been scrapped. This resulted in the loss of 70 jobs and stopped plans to improve services for the region. Suzy Hoayek is an advisor to Lebanon's Energy Ministry. She said that utilities now depend on diesel to power their systems. Residents of Taita Taveta County in Kenya say that they are more susceptible to flooding now than before because half-finished irrigation channels could collapse, sweeping away crops. Community leaders estimate that it will cost $2,000 for the community to reduce the flood risk. This is twice the average income of the area. Mary Kibachia (74), a farmer, said: "I am not protected from the flooding caused by the canal. The floods are only going to get worse." SUPPORT BIPARTISAN Trump's demise of the U.S. Agency for International Development left food and medical aid that could save lives rotting and in warehouses. It has also thrown humanitarian efforts all over the world into chaos. According to a study published in The Lancet, the cuts could cause 14 million additional deaths by 2030. Trump's administration and its supporters say that money should be spent on Americans in the United States rather than sent abroad. They also claim USAID has strayed away from its original purpose by funding LGBT rights projects in Serbia. The U.S. Water Projects, with an annual budget $450 million dollars, accounted for only a fraction of the $61 Billion in foreign aid that the United States distributed last year. Washington's water projects were not controversial before Trump was re-elected in November. Both chambers of Congress passed a 2014 law that doubled the funding. According to advocates, the United States improved the lives tens of thousands of people over the years by building toilets, irrigation canals, and other water and sanitation project. John Oldfield is a consultant for water infrastructure and a lobbyist. He said that by building water infrastructure, the United States has improved the lives of tens of millions over time. Do we want girls to carry water for their families on their heads? "Or do you want girls carrying schoolbooks?" he asked. The U.S. State Department has not responded to a question about the impact on the water projects of the halting. The agency has restored funding for some life-saving project, but Secretary Marco Rubio said that American assistance would be limited in the future. At least one project has been restarted. After King Abdullah's diplomatic push, funding for a $6 Billion desalination facility in Jordan has been restored. Those familiar with the programs, who spoke under condition of anonymity, said that funding for other countries, including Ethiopia, Tanzania and the Democratic Republic of the Congo has not been resumed. Women in these areas will walk hours to get unsafe water. Children will also be at risk of disease, and the health facilities in these areas will close. This is according to Tjada McKenna CEO of Mercy Corps. The nonprofit worked with USAID to implement water projects that benefited 1.7 million people in Congo, Nigeria, and Afghanistan. She said: "This isn’t just about the loss of assistance -- it’s about the unraveling progress, stability and human dignity." The Perils of Fetching Water Former USAID water kiosks are now used as playgrounds for children in eastern Congo where the fighting between Congolese troops and M23 rebels have claimed thousands of victims. Evelyne Mbaswa told how her son, 16, went to fetch some water in June but never returned home. This is a common experience for families living in the violent region. The mother of nine stated, "When we send girls to school, they're raped and young boys are abducted . All of this is due to the lack of drinking water." A spokesperson for Congo's government declined to comment on requests. USAID in Kenya was amidst a $100 million, five-year project to provide drinking and irrigation water for 150,000 people, when, according to documents viewed by, contractors and staff were told to stop working in January. DAI Global LLC's memo dated May 15, 2015, states that only 15% of the project was completed. According to correspondence, $100,000 worth of pipe, fencing, and other materials were left exposed on construction sites where they could be damaged or stolen. USAID signage on those sites clearly shows who is responsible, according to several memos. According to a draft of a memo sent by the U.S. Embassy in Nairobi to State Department, this could harm the United States’ reputation and give a boost for extremist groups looking to recruit new members in the region. Al Shabaab, a Somalia-based group with ties to al Qaeda, has been responsible in Kenya for a series of high-profile assaults. One such attack in 2015 on a Kenyan university killed at least 147. The memo stated that "the reputational risk of failing to complete these projects could become a security threat." DAMAGING FLOODS Community leaders in Kenya's Taita Taveta county, which is a rural area that has experienced cyclical flooding and drought, said workers were only able to construct brick walls for 220 meters of a 3.1 kilometre irrigation canal (1.9 miles) before they were told to stop. These walls are not plastered and therefore vulnerable to erosion. Juma Kubo is a leader in the community. She said that without plaster, walls would collapse during heavy rains, and water flow will destroy farms. The community asked for the Kenyan Government and international donors' help to finish the project, with a projected cost $526,000. Kubo stated that they will sell the steel cables and cement left at the site to raise funds to backfill and plaster the canal. Stephen Kiteto Mwagoti is an irrigation officer for the county. He said that the county needs "funds so we can finish the project as much as we can, with the materials available, if we cannot complete it completely." Kenyan authorities did not reply to our request for comment. Kibachia has been living with flooding for many years and needs help now. After three months of work on the project was completed, her mud-hut was inundated with water up to her knees. It was bad this time. She said that she had to use dirt to repair the damage done by the floods. Where can I go?" "This is home."
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SHANA reports that a fire was contained at Iran's Abadan Refinery. One person died.
The Iranian oil ministry's SHANA News Agency reported that the fire, which started on Saturday and killed one employee at Abadan's refinery unit, was brought under control. The operations are not affected, it was said. Shana reported that "according to preliminary technical investigations, the cause of fire was a leaking pump in Unit 70. No evidence of human intervention or sabotage has yet been observed." Firefighters from Abadan, and other nearby areas, were reported by state television. Local news agencies had earlier published videos of large flames and smoke stacks rising from a section of the refinery. The facility is Iran's oldest crude-processing facility, located in the oil-rich Khuzestan Province in the southwest, which has been ranked as one of the world's hottest locations. The temperatures are near 50 degrees Celsius. Refineries in Iran, as well as other oil and gas processing facilities, need major renovations and repairs. Reporting by Menna al-Din, Dubai Newsroom and Barbara Lewis.
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China promises tougher measures against the smuggling strategic minerals
China pledged on Saturday that it would intensify its crackdown against the smuggling and enforcement of laws in relation to strategic minerals, which are deemed vital for national security and development. The comments by the ministry of commerce came after the state security minister accused foreign spy agencies that they had tried to "steal", rare earths, and promised to crackdown on infiltration and cyber espionage targeted at the crucial sector. China, the world's biggest supplier of strategic minerals and chips, began export restrictions in 2023. At a meeting with officials in charge of export control coordination, the commerce ministry described smuggling of strategic minerals and their export as a serious problem that must be addressed. In a press release, it stated that "cases of smuggling are still being committed by criminals who use their selfish interests to smuggle goods and there is collusion between foreign and domestic parties." It added that evasive methods, such as false statements and transshipment to third countries, were becoming increasingly hidden. The report urged government agencies to stop the illegal export of strategic minerals and technologies. The Ministry of Foreign Affairs said that China will take a zero-tolerance approach to the smuggling, and export, of strategic minerals. It will also intensify its efforts to enforce laws. China announced in May that it would tighten its grip on critical materials and the supply chains for strategic minerals. Beijing had earlier launched a campaign to combat the smuggling strategic minerals like gallium, germanium and antimony. (Reporting and editing by Clarence Fernandez; Shanghai Newsroom)
Investors see the beginning of a tectonic move away from US markets
The global money flows are being upended by a historic trade war, the proposed European fiscal bazooka of $1.2 trillion and China's rise as the leader in the tech race. This could be a turning point, with investor capital moving away from the United States.
China released more stimulus on Tuesday and pledged to make greater efforts in order to mitigate the impact of a escalating U.S. Trade War. The likely next German government had agreed to the largest overhaul of fiscal policy since the reunification.
The U.S. trade war, which began this week, is hurting the mood both inside and outside of the world's largest economy.
Investors have bet heavily on the "U.S. exceptionalism" for the past three years. The country has been ahead of other countries in terms of economic growth, stock market prices, artificial intelligent and many other areas.
Tim Graf, State Street Global Markets' head of macro strategy in EMEA, said: "The U.S. has changed, and the world is now saying that we must adapt, as the U.S. no longer is a reliable trade partner. We have to look after our own defence needs."
A rare divergence on global stock markets has been fueled by the change in sentiment.
The S&P 500 index has fallen 1.8% in the past year. However, European shares have risen almost 9% to a new record high. Tech stocks in Hong Kong are up nearly 30%.
The euro has soared above $1.07 for the first time in four months, and many banks have backed away from their calls to drop it to parity with the dollar.
According to weekly data released by the Commodity Futures Trading Commission, investors have cut their bullish dollar bets in half since the inauguration of U.S. president Donald Trump in January.
Dario Perkins is the managing director of global macro for TS Lombard.
The aggressiveness and threat of tariffs by Trump has forced other countries to spend even more.
In his first 44 working days, Trump has completely rewritten the playbook of foreign relations that had been in place since 1945. He's also launched a trade war with his largest trading partners, and forced European leaders into a radical rethinking of how they fund security.
The U.S. economic growth is slowing down due to tariffs and trade uncertainties. Companies that are more susceptible to a slower rate of growth are beginning to show cracks.
In the past month, an index of U.S. bank stocks has dropped 8% while its European counterpart has increased 15%.
Investors are diversifying away from the U.S. markets by pouring money into Europe.
Spending Big
The dollar looks less attractive as Europe and China are poised to spend large amounts.
"We were long the dollar against euro, and we closed this position more than a week ago. Mark Dowding is chief investment officer of RBC's BlueBay Fixed Income team. The behaviour of Trump has reduced the appeal for U.S. investments in general.
The government has taken several steps to encourage spending at home after investors sold Chinese assets in the past year. As the economy slowed, and wealthy consumers closed their wallets, it took several measures to encourage domestic consumption. Many still saw China as an uninvestable country in the absence a jumbo-stimulus plan, as tensions from a real estate bubble burst that affected both companies and homeowners remained.
Lipper data shows that the almost uninterrupted outflows of China-focused funds following Trump's victory in November have reversed to some $3 billion in early February.
Megacap tech stocks are a major draw for the U.S. Stock Market. Nvidia has been a leader in the AI investment revolution, and is one of the most valuable companies on the planet.
It was not until late January that a low-cost Chinese AI model, previously unknown, made a serious impact on the AI arms race.
DeepSeek's appearance has not only challenged assumptions about AI costs and efficiency, but also revealed how far behind Western companies China was.
Hong Kong tech stocks are up 24% since January 27. A basket of U.S. megacap tech stocks is down 12%.
Yang Tingwu is vice general manager at asset manager Tongheng Investment. He said that China's stock markets are already immune to increased U.S. Tariffs, as the growing strength of China is supporting domestic assets.
Yang stated that "China's technological clout has expanded if you look at TikTok or Xiaohongshu, as well as DeepSeek."
In response to the imminent sale of a rival social media platform, American users are rapidly migrating to Xiaohongshu. This Chinese platform is known in English as RedNote.
TikTok's U.S. operations.
For some, the dollar's appeal will last over time due to a resilient U.S. economic climate and higher interest rates.
Nate Thooft is the CIO of Multi-Asset Solutions & Global Equities for Manulife Investment Management. He said: "I think there's a change in play. We view it as a tactic versus a major secular shift." Recently, he upgraded his maximum underweight position on European stocks to neutral.
(source: Reuters)