Beneath the scorching sun in the Sindh mango belt, labourers balance on tree branches, working at a swift pace to throw the freshly picked fruit into sacks held ready by farmhands waiting below. Though mango season is well underway, far less of the fruit will be bound for the lucrative export market than usual, with an agriculturally dependent economy caught in the crosshairs of the Middle East crisis that the government has helped mediate. An initial deal between the warring sides announced by Islamabad this week has come too late for this mango season, which began in June in Sindh. Mango traders told AFP they expect export sales to fall at least 30 per cent this year due to dampened demand in key markets, including the Gulf, and soaring shipping costs. Adding to the financial pain, local households struggling with a spike in inflation emanating from the regional crisis are holding off on buying the fruit, depressing domestic sales. This photograph taken on June 4, 2026 shows mango farm owner Ali Palh showin...
Residents of Gaza, south Lebanon, northern Israel and Kuwait were all under fire this week despite United States-arranged ceasefires supposedly in force in their regions. Israeli airstrikes hit Gaza and Lebanon, with Israeli forces still actively deployed in both places. Hezbollah rockets struck northern Israel, and Iranian attacks hit Kuwait’s international airport. The continued violence prompted US President Donald Trump to comment on Wednesday that ceasefires in the Middle East involved “shooting in a more moderate manner” rather than a total halt in fighting. Three truces his administration has negotiated were meant to have stopped the warfare. But while major fighting has greatly reduced, munitions are still falling and people still dying. This is how the ceasefires — and ongoing fighting — are playing out: What’s happening with the ceasefire in Gaza? The US brokered a ceasefire between Israel and Hamas on October 10, 2025, ending major warfare. The ceasefire deal involved a halt to all fighting, Hamas ...
Bitcoin dropped under $75,000 after FOMC minutes showed the US Federal Reserve holding interest rates and expressing slight concerns over inflation and the war in Iran. Bitcoin (BTC) extended its two-day decline on Wednesday after the Federal Open Market Committee (FOMC) minutes confirmed the Fed’s decision to hold “the target range for the federal funds rate at 3-½ to 3-¾ percent.” While the Fed maintains its goal of achieving “maximum employment and inflation at the rate of 2 percent over the longer run,” the FOMC minutes cited the “developments in the Middle East” as factors fueling an environment of “uncertainty” and the Fed stressed its desire to maintain optionality as it evaluates the “risks to both sides of its dual mandate.” FOMC minutes with new statements in red. Source: CNBC Read more