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US firm to take over some Venezuela oilfields previously run by Chinese, Russian firms

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Washington secures board veto power, 35% stake under Trump’s newly announced production deal Workers of Venezuelan state oil company PDVSA labour at an operating pumpjack in Lake Maracaibo, in Cabimas, Venezuela, January 27, 2026. PHOTO: REUTERS United States oil company North American Blue Energy Partners (NABEP) will take over some oilfields previously controlled by several Chinese companies and a Russian firm, two US officials … Read more

Labuschagne dropped from Australia ODI squad

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Australia’s out-of-form Marnus Labuschagne has been axed from their ODI series. Photo: AFP SYDNEY: Marnus Labuschagne was axed Tuesday from Australia’s one-day squad to face Zimbabwe and South Africa, but rising stars Cooper Connolly, Ollie Peake and Joel Davies made the cut. The experienced batsman, a key pillar of their World Cup-winning side in 2023, … Read more

Bangladesh rout Indonesia in Asia Cup

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Marufa Akter’s three overs included two wickets and a maiden. Photo: ACC Bangladesh opened their Asia Cup campaign with a 71-run win over debutants Indonesia on Monday, overcoming a disciplined bowling effort before their own attack ran riot. Bangladesh were restricted to 129-8 after Indonesia kept the scoring in check, but their bowlers responded by … Read more

Japan, US agree to continue coordination on yen, Katayama says

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[ Bessent calls recent moves ‘pretty well contained’ as currency slides near 160 per dollar Japan’s Finance Minister Satsuki Katayama speaks to the media about the US-Japan joint forex action upon her arrival at the Finance Ministry in Tokyo, Japan, August 3, 2026. PHOTO: REUTERS Japan and the United States agreed to continue coordinating to achieve “orderly” yen moves, which were … Read more

Nepal rescuers reach remote areas, electricity restored nearly a week after devastating floods

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At least 939 killed, about 600 trapped in hydropower stations as rescue teams restore road networks An arial view shows buildings near Trishuli River damaged and covered in mud following deadly flash floods and a mudslide, in Betrawati Bazaar in Rasuwa district, Nepal, August 30, 2026. PHOTO: REUTERS Nepali rescuers built temporary bridges to reach remote areas and dug through the … Read more

Oil jumps 2% on US-Iran escalation

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[Oil prices gained more than 2% on Monday after a resumption of military action between the US and Iran rekindled market concerns about global supply disruption, as the conflict extended into its sixth month. Brent crude futures were up $2.17, or 2.46%, to $90.27 a barrel at 1612 GMT. US WTI crude was up $2.06, … Read more

Pakistan Test revamp faces backlash

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Pakistan’s sweeping Test changes face widespread criticism on Monday, with former players and coaches questioning the decision to overhaul the squad and coaching staff midway through the series against England. The Pakistan Cricket Board released seven players from the squad after heavy defeats in the opening two Tests and brought in seven replacements for the … Read more

Heavy rain batters twin cities, schools closed in Rawalpindi

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Around 200 mm of rain had been records in Rawalpindi; Islamabad records around 150mm of rain in E-11 RAWALPINDI: Torrential rain that began in the early hours of Tuesday caused widespread urban flooding in Rawalpindi and Islamabad, inundating low-lying areas, disrupting traffic and prompting authorities to put emergency services on high alert. According to the … Read more

Oil prices rise as latest fighting revives Mideast supply disruption risks

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[ Sunset clouds glow over pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau region, Kazakhstan, April 21, 2026. PHOTO: REUTERS Oil ​prices gained around $1 on Tuesday as the resumption of fighting between the US and Iran in the ‌Middle East renewed fears of supply disruptions from the world’s key … Read more

Iran warns any new US attack will trigger ‘much heavier’ response

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Iranian President Masoud Pezeshkian. Photo: Anadolu Agency/File Iran will immediately reciprocate if the US returns to its commitments under an interim deal signed in June, Iranian President Masoud Pezeshkian said on Tuesday at the Shanghai Cooperation Organisation Summit in Bishkek, the Iranian Student News Agency reported. His statements come as earlier Iran warned on Monday that any site … Read more