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Press releases published on June 24, 2025

Brent Oil Prices Drop Below USD70
(MENAFN) The cost of Brent crude oil dropped Monday, dipping under the USD70 per barrel threshold for the first time since the outbreak of confrontations between Israel and Iran. Iran responded on Monday after US airstrikes over the weekend targeted three …

Israel Accepts Mutual Ceasefire Proposal
(MENAFN) Israel has formally acknowledged its agreement to a mutual ceasefire with Iran, following an initiative presented by U.S. President Donald Trump on Tuesday. According to an official government release, “In light of achieving the operation’s goals …

Gaza Bleeds: Israeli Assaults Kill Over Fifty Palestinians
(MENAFN) In the Gaza Strip on Tuesday, renewed Israeli assaults claimed the lives of at least 50 civilians, most of whom were seeking food, with over 200 more wounded, medical sources reported. An Anadolu medical official revealed that 37 people were …

Trump’s Tariffs Threaten to Cut German Exports to U.S.
(MENAFN) A new analysis from the ifo Institute, a prominent German think tank, warns that sweeping tariffs proposed by U.S. President Donald Trump could slash Germany’s exports to the United States by a staggering 38.5%. The report outlines a potential 2. …

Iraq Lifts Airspace Closure to International Flights
(MENAFN) On Tuesday morning, the Iraqi Civil Aviation Authority (ICAA) declared that it has lifted the closure of its airspace to international flights, citing a marked improvement in security following recent tensions between Israel and Iran. The ICAA …

Trump’s Tariffs Could Slash German Exports to US
(MENAFN) US Leader Donald Trump’s tariffs might cause a reduction of more than 38 percent in German exports to the United States, according to the most recent report from the German think-tank, the ifo Institute. The German manufacturing sector is …

Chinese President Welcomes Singapore’s PM
(MENAFN) Chinese President Xi Jinping welcomed Singapore’s Prime Minister Lawrence Wong in Beijing on Tuesday during Wong’s five-day state visit to China. Xi extended his congratulations to Wong for leading the People’s Action Party to victory in last …

US House Bans WhatsApp on Government Devices
(MENAFN) The United States House of Representatives has officially prohibited the use of Meta's WhatsApp messaging service on all government-distributed devices. This restriction was implemented following a memorandum distributed to all House employees on …

Landslide Causes Bridge to Buckle in Southwest China
(MENAFN) A highway bridge in southwestern China gave way on Tuesday following a landslide caused by relentless heavy rainfall, according to reports from media. The collapse took place in Guizhou province, which has been relentlessly battered by intense …

Malaysia’s Inflation Drops to 1.2 Percent in May
(MENAFN) Malaysia reported a 1.2 percent inflation rate for May, marking its slowest pace in 51 months, according to official figures released Tuesday. The Department of Statistics Malaysia explained in a statement that the country’s easing inflation …

S. Korea’s Foreign Minister Pledges to Drive Peace on Korean Peninsula
(MENAFN) Media reports that South Korea's newly appointed nominee for foreign minister pledged Tuesday to prioritize peace efforts on the Korean Peninsula, with a strong focus on rekindling talks between Pyongyang and Washington. Cho Hyun, tapped by …

US Issues Regional Travel Alerts
(MENAFN) Amid escalating tensions in the Middle East following an Iranian retaliatory attack on the US Al Udeid Air Base in Qatar, the US State Department released extensive travel alerts across the region on Monday. In Kuwait, the US Embassy urged its …

German Industry Body Cuts Growth Forecast
(MENAFN) The Federation of German Industries (BDI) announced on Monday that it had revised its 2025 economic outlook for Germany, lowering the growth projection from minus 0.1 percent to minus 0.3 percent. This adjustment comes in response to the …

France Condemns Israeli Attack on Tehran Prison
(MENAFN) France has accused Israel of putting its citizens at risk by carrying out an attack on Evin Prison in Tehran on Monday. Iranian authorities reported that parts of the prison sustained damage during the strike. A video shared on social media seems …

Hungary Intends to Block Ukraine’s NATO, EU Membership Bid
(MENAFN) Hungarian Prime Minister Viktor Orban declared on Monday evening via social media that Hungary intends to block Ukraine’s integration into both NATO and the European Union during pivotal summits scheduled this week. Orban emphasized that Hungary’s …

Two Drones Target Iraqi Military Installation Near Baghdad
(MENAFN) In the early hours of Tuesday, the Iraqi armed forces reported that two unknown drones targeted a military installation north of Baghdad, resulting in no injuries. Major General Saad Maan, spokesperson for the Security Media Cell connected to the …

Israeli Airstrike Kills Family in Lebanon
(MENAFN) Media outlets reported that three members of a Lebanese family were killed on Tuesday when an Israeli drone targeted their vehicle in southern Lebanon, despite an ongoing ceasefire. The attack occurred on the Nabatieh-Kfar Dajjal road in Lebanon’s …

EU, Canada Forge Security, Defense Partnership
(MENAFN) Leaders from the European Union and Canada convened Monday for the EU-Canada Summit, solidifying a major advancement in transatlantic collaboration with the signing of a far-reaching security and defense partnership. European Council President …

NATO Gears Up to Endorse 5 Percent Defense Spending Target
(MENAFN) The NATO summit kicked off Tuesday in The Hague under stringent security measures, as member state leaders prepare to endorse a proposed defense spending target of 5 percent of their GDP. This two-day event unfolds against the backdrop of …

Study Reveals Stingless Bee Honey Could Combat Antibiotic Resistance
(MENAFN) University of Sydney researchers have identified powerful antimicrobial properties in honey made by native stingless bees, suggesting it could be a game-changer in the global effort to combat antibiotic resistance. Commonly referred to in …