IMF cuts global growth forecast during Hormuz blockade
Higher global inflation forecast at 4.4 percent, up 0.6 points, driven by surging oil, gas and fertiliser costs.

Higher global inflation forecast at 4.4 percent, up 0.6 points, driven by surging oil, gas and fertiliser costs.





Relief for global markets comes after Trump says Iranian officials are keen on a deal.
Signing of defence partnership follows reports that US is seeking overflight access in Indonesia for military planes.
Slow-moving Sinlaku is weakening as it heads towards Guam, but it will still bring dangerous conditions to the region.
Officials warn cyanide could harm marine life and weaken the reef supporting a grounded warship.
Zahra Ghanbari, one of the six players who sought asylum in Australia, reversed her decision and returned to Iran.
The US restrictions on maritime navigation and transit in international waters are illegal, Iranian military says.
Lieutenant General Susan Coyle has held several senior command roles over a nearly 40-year military career.
Gout Gout breaks the under-20 world record for 200m, while also making him faster than Usain Bolt at the same age.
South Korea’s president says it’s disappointing Israel does not ‘even once reflect on criticisms from around the world’.
KMT leader Cheng Li-wun stressed shared cultural heritage and suggested she would slow Taiwan’s military build-up.