Cargo Vessel Hit By Rockets Off Yemen In Red Sea; UK Agency Says Fire Aboard Ship
Elon Musk, a former ally of US President Donald Trump, said Saturday he had launched a new political party in the United States to challenge what the tech billionaire described as the country's "one-party system." "When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy," Musk, who had a bitter falling out with Trump after leading the president's effort to slash spending and cut federal jobs, posted on X. "Today, the America Party is formed to give you back your freedom." WATCH.
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News18
26 minutes ago
- News18
US Revokes 'Foreign Terrorist' Designation For Syria's HTS
Last Updated: The US revoked the "foreign terrorist organization" label for HTS, formerly linked to Al-Qaeda, after HTS toppled Syria's government. The US State Department revoked the 'foreign terrorist organisation" designation for Hayat Tahrir al-Sham (HTS), a group formerly affiliated with Al-Qaeda that toppled Syria's government in December. 'In consultation with the Attorney General and the Secretary of the Treasury, I hereby revoke the designation of al-Nusrah Front, also known as Hay'at Tahrir al-Sham (and other aliases) as a Foreign Terrorist Organisation," said US Secretary of State Marco Rubio in a memo. An armed coalition led by Hayat Tahrir al-Sham (HTS) and headed by Ahmed al-Sharaa successfully toppled Syrian President Bashar al-Assad, bringing an end to the decades-long rule of the Assad family. Sharaa took over as interim president, a move that has been cautiously welcomed in Washington, Europe and elsewhere, with historic foe Israel seeking to build ties with the new government. Washington's move will formally take effect on Tuesday and comes after US President Donald Trump last week formally dismantled his country's sanctions against Syria. Trump lifted most sanctions against Syria in May, responding to appeals from Saudi Arabia and Turkey to help reintegrate the war-battered country into the global economy. After Trump came to power, the United States removed a bounty on Sharaa's head. HTS was earlier known as Al-Nusra Front and was formerly the branch of Al-Qaeda in Syria, but it broke ties with the jihadist group in 2016 and sought to soften its image. By 2017, HTS had claimed control over significant areas of Idlib province in northwest Syria, establishing a civil administration amidst allegations of severe human rights abuses against dissenters. In January, after overthrowing Assad's regime, the new authorities announced the dissolution of all armed factions, with some groups, including HTS, being integrated into bodies such as the country's new police force. International Re-Engagement Last week, Syria expressed willingness to work with the United States to revive the 1974 disengagement agreement with Israel, aiming to restore stability in the region. The United States and European countries have moved steadily to reengage with Syria since Sharaa took over as interim president, with Britain reestablishing diplomatic ties on Saturday after more than a decade. Britain has also removed sanctions from Syria's interior and defence ministries, media groups, intelligence agencies, and certain economic sectors, marking a significant policy shift. The Assad regime was toppled after more than 13 years of civil war by a rebel offensive led by Sharaa. The rebellion was sparked in 2011 by protests against the Assads' brutal rule that were part of the Arab Spring movement. Advertisement The growing international backing comes as Syria's new leaders attempt to rebuild the country and reboot its moribund economy, both ravaged by the conflict and crippling sanctions. From wanted jihadist to statesman embraced by world leaders, interim president Sharaa has undergone a stunning transformation in just six months. He now leads a government through a five-year transitional period under a temporary constitution that experts and rights groups say concentrates power in his hands. top videos View All (With inputs from AFP) Get breaking news, in-depth analysis, and expert perspectives on everything from geopolitics to diplomacy and global trends. Stay informed with the latest world news only on News18. Download the News18 App to stay updated! tags : Syria United States of America Location : United States of America (USA) First Published: July 07, 2025, 23:36 IST News world US Revokes 'Foreign Terrorist' Designation For Syria's HTS

The Hindu
41 minutes ago
- The Hindu
Iran President says open to dialogue with U.S., accuses Israel of assassination attempt
Iranian President Masoud Pezeshkian said he believes Iran can resolve its differences with the United States through dialogue, but trust would be an issue after U.S. and Israeli attacks on his country, according to an interview released on Monday (July 7, 2025). "I am of the belief that we could very much easily resolve our differences and conflicts with the United States through dialogue and talks," Mr. Pezeshkian told conservative U.S. podcaster Tucker Carlson in an interview conducted on Saturday (July 6, 2025). The Iranian leader urged U.S. President Donald Trump not to be drawn into war with Iran by Israeli leader Benjamin Netanyahu, who is visiting Washington on Monday (July 7, 2025) for talks at the White House. "The United States' President, Mr. Trump, he is capable enough to guide the region towards peace and a brighter future and put Israel in its place. Or get into a pit, an endless pit, or a swamp," Mr. Pezeshkian said. "So it is up to the United States president to choose which path." He blamed Israel, Iran's arch-enemy, for the collapse of talks that were in place when Israel began its strikes on Iran on June 13, starting a 12-day air war with Israel in which top Iranian commanders and nuclear scientists were killed. "How are we going to trust the United States again?" Mr. Pezeshkian said. "How can we know for sure that in the middle of the talks the Israeli regime will not be given the permission again to attack us?" Mr. Pezeshkian also said that Israel tried to assassinate him. "They did try, yes," he said. "They acted accordingly, but they failed." Mr. Trump said he expected to discuss Iran and its nuclear ambitions with Mr. Netanyahu, praising the U.S. strikes on Iranian nuclear sites as a tremendous success. On Friday, he told reporters that he believed Tehran's nuclear programme had been set back permanently, although Iran could restart efforts elsewhere. Iran has always denied seeking a nuclear weapon.


Economic Times
an hour ago
- Economic Times
tsla: Elon Musk's net worth dips by $14 Billion in a single day, Here's what investors are saying
Wall Street Grows Wary of Musk's Political Maneuvers Elon Musk Net Worth Takes a Major Hit ADVERTISEMENT Tesla's Sales and Shareholder Confidence Slipping ADVERTISEMENT Musk-Trump Rift Adds Fuel to the Fire The America Party: Strategic Move or Political Overreach? ADVERTISEMENT Musk Political Party Yet to Find Favor Among Investors FAQs Why did Elon Musk lose $14 billion in a single day? What is the 'America Party'? Tech billionaire Elon Musk, known for his sweeping influence in both the corporate and political arenas, suffered a sharp blow to his personal wealth and business standing on Monday. With Tesla shares tumbling 7 per cent, Musk's net worth fell by approximately $14 billion in a single day—an erosion tied closely to Wall Street's growing unease over his escalating political drop follows Musk's announcement of a new political outfit, the 'America Party,' and his increasingly public rift with U.S. President Donald Trump, a development that analysts say has distracted from Tesla's core business performance, as per a report by announcement of Musk's political venture comes at a time of volatility in the electric vehicle (EV) sector and heightened scrutiny of regulatory frameworks under the Trump administration. In a client note issued Monday, William Blair analyst Jed Dorsheimer downgraded Tesla stock from 'Buy' to 'Hold,' citing what he called a 'less favourable federal regulatory credit environment' resulting from recent legislation.'Investors are growing tired of the distraction,' Dorsheimer wrote, referring to Musk's increasing political theatrics and public feuds. The sentiment was echoed across trading desks, with Tesla's shares plunging by $24 apiece during an otherwise uneventful day for the broader Tesla's market value taking a dip, Musk's personal wealth—which remains the largest in the world—now stands at $391 billion, down from $405 billion the previous day, according to Forbes estimates. Despite the decline, he still maintains a commanding lead of over $100 billion compared to the next richest net worth slide comes amid a 32% drop in Tesla stock since President Trump's second term began—a stark contrast to the 4% gain logged by the S&P 500 benchmark in the same struggle is not confined to the stock market. Analysts at J.P. Morgan reported Monday that the company is headed toward its worst annual vehicle delivery numbers since 2022. Data from the first two quarters of 2025 reveal significant declines in deliveries, attributed in part to waning public sentiment towards Musk polling data compiled by Silver Bulletin indicates that 55% of Americans now hold an unfavourable view of Musk, up from 45% at the end of last year. The souring of opinion spans party lines—Democrats, Republicans, and independents alike have all expressed declining confidence in the Tesla CEO, as per a report by Forbes.'The concern isn't just political,' noted Wedbush analyst Dan Ives, a long-time supporter of Tesla stock. 'Musk diving deeper into politics and now trying to take on the Beltway establishment is exactly the opposite direction that Tesla investors and shareholders want him to take.'Initially viewed as a strategic alliance between two high-profile power players, the Musk-Trump relationship has deteriorated rapidly over the past few weeks. Musk reportedly contributed $288 million toward Trump's re-election campaign last year, positioning himself as a key political their alignment began to unravel following disagreements over Trump's recently signed fiscal package, which the Congressional Budget Office warns could expand the national debt by $3.4 trillion. Their feud reached a public climax last week when Trump labelled Musk a 'TRAIN WRECK' in a scathing post, while Musk retaliated by accusing the Trump administration of misrepresenting the controversial Epstein Files—a post he later launch of the 'America Party' is seen by some observers as an effort to channel public dissatisfaction into political capital. However, financial markets appear unconvinced, interpreting the move as a distraction from Tesla's operational priorities at a time when competition in the EV market is a twist of irony, Musk's losses on Monday—nearly $14 billion—were nearly equivalent to the total market capitalization of Rivian, Tesla's closest American rival in the EV Musk doubles down on political ambition, industry watchers and financial analysts are raising alarms over the implications for Tesla's long-term trajectory. With analysts now sounding cautionary notes and shareholders increasingly vocal in their discontent, questions remain about how Musk plans to balance corporate leadership with his emerging political the 'America Party' may yet shape U.S. political dynamics, its immediate impact on investor sentiment has been unambiguously negative. For now, the market message is clear: stakeholders would prefer the world's richest man to steer clear of Capitol Hill and return focus to the factory personal wealth dropped by approximately $14 billion on Monday, July 7, 2025, after Tesla shares fell by 7%. This sharp decline is tied to investor concerns over Musk's growing political involvement, particularly the launch of his new political outfit, the 'America Party.'The 'America Party' is a new political movement launched by Elon Musk. Although full details remain limited, it appears to be Musk's attempt to influence U.S. politics independently, diverging from traditional party lines and challenging political norms—an effort many investors view as a distraction from his business priorities.