World Business Report Israel-Iran conflict economic impact
Many of the people of Tehran have been heading out of the city, while social media videos show the lines of cars stretching into the distance, as many thousands of citizens speak of massive disruption and a fear of Israeli airstrikes. Ed Butler hears about people in Iran and looks at the economic impact of the conflict inflicted on the country's economy.
Also in the show we hear from Thailand as the latest deadline for US President Donald Trump's increased tariffs on US imports looms.
And why the Canary Islands and other parts of Spain are protesting against tourism.
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Powys County Times
33 minutes ago
- Powys County Times
Trump talks down prospect of US sanctions on Russia despite G7 push
Splits have opened up in the G7 approach to Russia after Donald Trump signalled his reluctance to impose more US sanctions on Moscow despite a European push to heap further pressure on Vladimir Putin. The US president said he wanted to 'see whether or not a deal is done' over the Ukraine war before targeting the Kremlin with further measures, insisting they would cost Washington 'a tremendous amount of money'. During an appearance next to Sir Keir Starmer, who earlier on Monday announced allies at the leaders' summit would 'squeeze' Russia with more sanctions, Mr Trump said the prospect of fresh action was 'not easy'. Asked whether Washington supported European efforts to impose further measures, he told reporters ahead of a bilateral meeting with the UK Prime Minister, he said: 'Well Europe is saying that, but they haven't done it yet. 'Let's see them do it first.' Asked why he wanted to wait to impose sanctions, Mr Trump said: 'Because I'm waiting to see whether or not a deal is done… and don't forget, you know, sanctions cost us a lot of money. 'When I sanction a country that costs the US a lot of money, a tremendous amount of money. 'It's not just, let's sign a document. You're talking about billions and billions of dollars. Sanctions are not that easy. It's not just a one-way street.' His remarks will prove awkward for Sir Keir, with whom he appeared to announce the completion of the US-UK deal, after the Prime Minister said G7 allies would seek to target Russian energy revenues used to fund its war machine. Downing Street would not expand on what the sanctions package was likely to include but said it would aim to keep 'up the pressure on Russian military industrial complex'. President Donald J. Trump arrives in Canada for the G7 Summit. 🇺🇸🇨🇦✈️ — The White House (@WhiteHouse) June 16, 2025 A Number 10 spokesman earlier dismissed suggestions that the limited detail about the announcement reflected divisions within the G7 on the issue of Moscow, which Donald Trump on Monday said should not have been kicked out of the former G8. 'I don't agree with that characterisation at all,' the official said. 'It's just a point of fact that the G7 has only just begun. 'The sessions are just beginning now, and it would be premature to get ahead of what those sessions will yield.' In a bilateral meeting with Canadian Prime Minister Mark Carney on Monday, Mr Trump said the decision to oust Russia from the former G8 had been a 'mistake'. Moscow was expelled from the group following its annexation of Crimea in 2014. Sir Keir said: 'The fact is, Russia doesn't hold all the cards. 'So, we should take this moment to increase economic pressure and show President Putin it is in his, and Russia's interests, to demonstrate he is serious about peace. 'We are finalising a further sanctions package and I want to work with all of our G7 partners to squeeze Russia's energy revenues and reduce the funds they are able to pour into their illegal war.' UK intelligence has assessed Russia's forces as likely having sustained approximately 1,000,000 casualties since it launched its full-scale invasion in 2022, but it continues pounding Ukraine with drone and missile attacks. Ukrainian President Volodymyr Zelensky is expected to attend the conference in Kananaskis, along with leaders from Canada, the US, France, Italy, Japan, Germany and Britain.
The Guardian
33 minutes ago
- The Guardian
Trump news at a glance: Axing Russia from G8 was a mistake, says Trump before leaving summit early
Donald Trump has told G7 leaders gathered for its summit in Canada that removing Russia from the former G8 was a mistake, and is lobbying for the country to be readmitted. Russia was thrown out of the group after it invaded Crimea in 2014. Trump's defence of Russian leader Vladimir Putin came a day before he was scheduled to meet his Ukrainian counterpart, Volodymyr Zelenskyy, on the fringes of the summit. However, that meeting appears unlikely to go ahead after the White House said in a statement that the US president was leaving the summit early due to ongoing developments in the Middle East. Here are the key stories at a glance: Donald Trump has displayed his disdain for the collective western values supposedly championed by the G7 group of industrialised countries by again demanding that Russia be readmitted to the group. He also said the war in Ukraine would not have happened if Moscow had been kept in the club. Trump also announced he is leaving the G7 to return to Washington citing the conflict between Israel and Iran. Read the full story US immigration raids continued to target southern California communities in recent days, including at a popular flea market and in a Los Angeles suburb where US citizens were detained. Read the full story Donald Trump has promised an expanded immigration crackdown in several large Democratic-led cities as apparent vengeance for 'No Kings' protests against his administration on Saturday that drew millions of people – despite questions over whether the agency in charge of the effort is set to run out of money. Separately, a prominent Spanish-language journalist in metro Atlanta who frequently covers Immigration and customs enforcement raids, will be turned over to Ice detention after being arrested by local police while covering the 'No Kings' protests. Read the full story The Trump administration scored its most significant legal victory in its sweeping effort to reshape American higher education when a federal judge on Monday dismissed a lawsuit brought by faculty groups over the government's cuts to Columbia University's federal funding. Read the full story As Iran and Israel exchange missile attacks for a fourth day, Democrats in Washington are moving swiftly to reassert congressional authority over US military engagement in the region amid fears of American involvement in a broader conflict. Read the full story A man accused of dressing up as a police officer and shooting two Minnesota state lawmakers in their homes – killing one and her husband – also showed up at the houses of two other legislators the same night intending to assassinate them too, authorities revealed on Monday. Read the full story Donald Trump has launched a mobile phone service and $499 gold smartphone, the latest monetization of his presidency by a family business empire now run by his sons. The Trump Organization unveiled Trump Mobile with a $47.45 monthly plan – both the service name and price referencing Trump as the 47th president. Read the full story A federal judge ruled on Monday that the Trump administration's termination of more than $1bn in research grants at the National Institutes of Health was 'void and illegal'. Jane Goodall chimpanzee conservation project in Tanzania hit by USAID cut Catching up? Here's what happened on 15 June 2025.
The Independent
35 minutes ago
- The Independent
After a calm night, LA mayor shortens downtown curfew hours imposed after violent protests
After a calm night in downtown Los Angeles, Mayor Karen Bass on Monday slightly trimmed the hours of a curfew imposed last week after days of violent protests and looting that followed President Donald Trump's immigration crackdown. Bass' announcement that the nightly curfew would be narrowed — it will start at 10 p.m. Monday, rather than at 8 p.m., and extend until 6 a.m. Tuesday — followed the disclosure that there were no arrests by police in the area on Sunday. The mayor's office said the slightly trimmed curfew time reflects a marked reduction in violence, vandalism and looting in downtown that followed the protests. When the curfew was imposed on June 10, officials said it was necessary to stop vandalism and theft by agitators looking to cause trouble. At the time, Bass said the city "reached a tipping point' after 23 businesses were looted. In a statement Monday, Bass said 'the curfew, coupled with ongoing crime prevention efforts, have been largely successful in protecting stores, restaurants, businesses and residential communities from bad actors who do not care about the immigrant community.' Bass has given no indication when the curfew will end. The curfew covers a relatively tiny slice of the sprawling city — a 1-square-mile (2.5 square kilometer) section of downtown that includes the area where protests have occurred. Last week, Trump ordered the deployment of roughly 4,000 National Guard troops and 700 Marines to the second-largest U.S. city following protests over his stepped-up enforcement of immigration laws. On Sunday, Trump directed federal immigration officials to prioritize deportations from Democratic-run cities, a move that comes after large protests erupted in Los Angeles and other major cities against his administration's immigration policies.
