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NEW YORK (AP) - U.S. stocks closed out their worst week since the Iran war began and their fifth losing week in a row. The S&P 500 fell 1.6% and is now 8.7% below the all-time high it reached in January. The Dow Jones dropped 1.7%, and the Nasdaq composite sank 2.1%. Crude oil prices rose again with no clear end in sight for the conflict.
SEOUL, South Korea (AP) – North Korean leader Kim Jong Un observed a test of an upgraded solid-fuel engine for weapons capable of reaching the U.S. mainland, and called it a significant development boosting his country’s strategic military arsenal, state media reported Sunday.
ISLAMABAD, Pakistan (AP) – Pakistan announced Sunday that it will soon host talks between the U.S. and Iran, though there was no immediate word from the U.S. or Iran, and it was unclear whether the talks would be direct or indirect.
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PARIS (AP) – French police have thwarted a suspected bomb attack outside a Bank of America building in Paris, authorities said Saturday. One suspect was detained and another escaped. The national anti-terrorism prosecutor’s office, or PNAT, told The Associated Press that it has opened an investigation into alleged terrorism-related offenses.
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LAGOS, Nigeria (AP) – Lagos taxi driver Adegbola Isaac went to the gas station twice last weekend. Each time, the price in the Nigerian city had climbed further and hit 1,350 naira ($0.99) per liter, a nearly 35% increase since the Iran war started. That’s wiped out most of his daily profit.
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HONG KONG (AP) – Chinese automaker BYD said Friday its annual sales rose to a record $116 billion, outpacing Tesla’s, but its profit fell for the first time since 2021 under pressure from cutthroat competition. BYD, the largest electric vehicle maker, has been expanding into global markets including Latin America and Europe.
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Iranian forces “are waiting for the arrival of American troops on the ground to set them on fire and punish their regional partners forever,” the country’s parliament speaker Mohammad Bagher Qalibaf said. Qalibaf added: “Our firing continues. Our missiles are in place. Our determination and faith have increased.”
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SEOUL, South Korea (AP) – North Korean leader Kim Jong Un observed a test of an upgraded solid-fuel engine for weapons capable of reaching the U.S. mainland, and called it a significant development boosting his country’s strategic military arsenal, state media reported Sunday. Some experts speculate North Korea’s claim may be an exaggeration.
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WASHINGTON (AP) – U.S. and Israeli attacks on Iran have driven up prices, darkened the outlook for the world economy, sent global stock markets reeling and forced developing countries to ration fuel and subsidize energy costs to protect their poorest.
JERUSALEM (AP) – The Hamas militant group is weighing a new proposal for disarming its fighters in Gaza, a major concession that would clear the way for U.S. President Donald Trump’s plan for rebuilding the war-ravaged territory.
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