United States Of America
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Trump approves nuclear deal with Saudi Arabia. Here’s what is in 30-year agreement
Fp Explainers •US President Donald Trump has approved a landmark 30-year civilian nuclear agreement with Saudi Arabia, allowing US companies to build the kingdom’s nuclear infrastructure and potentially a uranium enrichment facility. Here’s why it is controversial, and what it could mean for security in the region
2-year shield, 200% cliff: Trump’s drug tariff roadmap poses a tough challenge for Indian generics
Dheeraj Kumar •Trump has announced a phased tariff plan for imported generic drugs, keeping tariffs at 0% for two years before imposing a 100% duty in 2028 and 200% thereafter
0% now, 200% later: What Trump’s phased generic drug tariffs mean for India
Fp Explainers •US President Donald Trump has announced that generic drugs will face zero tariffs for two years from August 1, before a 100 per cent levy takes effect in August 2028 and rises to 200 per cent a year later. This move could impact India, as it supplies nearly 40 per cent of all such drugs to the nation
US Iran War Live Updates: Hegseth says US war on Iran has cost $37.5bn as strikes enter 11th night
Fp Staff •US-Iran War Live Updates: The Iran-US war escalated as both sides exchanged fresh attacks, regional powers stepped up diplomacy and the Pentagon revealed the conflict has cost the United States $37.5bn
Pakistan seeks $10 billion US currency lifeline after Iran war mediation role: Report
Fp Business Desk •Pakistan has sought a $10 billion currency stabilisation facility from the US to bolster foreign exchange reserves and ease pressure on the rupee after its diplomatic role in Iran war talks, Reuters reported
Saudi oil tankers bound for China, India turn back after Houthi Red Sea threat
Fp Staff •The vessels had loaded crude at Saudi Arabia's Red Sea port of Yanbu before turning back towards the Suez Canal instead of continuing through the Bab el-Mandeb Strait into the Indian Ocean, signalling the immediate impact of the Houthi announcement on commercial shipping
US bombs Iran's aircraft hangars and drone storage sites as it 'finishes' 11th night of strikes
Fp Staff •The US launched an 11th consecutive night of strikes on Iran as diplomatic efforts in Pakistan struggled to revive a collapsed ceasefire and tensions over the Strait of Hormuz continued to escalate
US sends first tranche of $100 million aid package to Cuba
Fp Staff •The aid will be distributed directly through the Catholic Church rather than the Cuban government. Washington said the arrangement is intended to ensure the supplies reach those in need and prevent any diversion or misuse by Cuban authorities
$37.5 billion and counting: Hegseth reveals Iran war cost as Pentagon seeks billions more
Fp Business Desk •US Defence Secretary Pete Hegseth says the Iran war has cost Washington $37.5 billion so far as the Pentagon seeks billions more in funding amid rising casualties and growing opposition to the conflict
US doesn’t have enough missiles to return to full-scale war with Iran: Report
Fp Staff •Despite escalating violence and struggling to achieve minimal goals of the war, the United States has not yet returned to a full-scale war with Iran because it does not reportedly have enough missiles to sustain such a campaign.