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UK economy shrinks in July amid bad weather and doctors' strikes

The British economy shrank by 0.5% in July amid a series of strikes, particularly by doctors at the start of their careers, and unseasonably wet weather, official figures showed Wednesday.

The Office for National Statistics said the strikes by so-called junior doctors weighed on health sector activity, while the sixth wettest July on record hit retailers after a buoyant June, when business was brisk as a result of warm weather.

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House passes measures against Iran over death of Mahsa Amini, missile program

The U.S. House overwhelmingly approved measures Tuesday targeting Iran for its human rights record and placing restrictions on the country's ability to import or export its expanding arsenal of weapons.

The measures would impose a series of sanctions on Iran's supreme leader, president and other individuals as Washington seeks to further punish the Islamic Republic ahead of the one-year anniversary of nationwide protests. The resolutions will now go to the Senate, where it is unclear if the Democratic-controlled chamber will take them up.

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Applications for UK's Chevening scholarship for master's degrees now open

The British Embassy Beirut on Wednesday announced that applications for the UK Government’s flagship Chevening Scholarships program are now open. Applicants should apply online via chevening.org/apply by November 7, 2023.

The scholarship, which is now in its 40th year, offers full financial support for scholars to study for any eligible master’s degree at over 150 UK universities whilst also gaining access to a wide range of exclusive academic, professional, and cultural experiences.

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US sanctions Lebanon-South America network accused of financing Hezbollah

The U.S. Treasury on Tuesday slapped terrorism sanctions on a family network of seven individuals and businesses in Lebanon and South America accused of financing the militant group Hezbollah, including a Lebanese man who officials say was involved in two deadly attacks in Argentina in the 1990s.

Amer Mohamed Akil Rada was described as "one of the operational members" who carried out the attack on the Argentine-Israelite Mutual Association in Buenos Aires in 1994, which killed 85 people and wounded hundreds. A 1992 attack on the Israeli Embassy in Argentina killed 29 people.

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Mikati hails 'achievement' as govt. approves 2024 budget

The caretaker Cabinet on Tuesday approved the 2024 state budget and submitted it to parliament, with caretaker Prime Minister Najib Mikati calling the move an “achievement.”

“This is the first state budget to be approved within the constitutional timeframe since 2002 and this is a major achievement and heroism,” Mikati said at a press conference.

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Poland says won't lift embargo on Ukraine grain to protect its farmers

Poland's prime minister says his government will not lift its embargo on imports of Ukrainian grain as scheduled Friday because it would hurt Polish farmers.

"Poland will not allow Ukraine grain to flood us," Prime Minister Mateusz Morawiecki said Tuesday on the social media platform X, formerly known as Twitter.

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Kim in Russia to meet Putin as both are locked in standoffs with West

North Korea's Kim Jong Un arrived in Russia on Tuesday for a meeting with President Vladimir Putin where they are expected to offer each other increased support in their escalating standoffs with the West.

Kim is expected to seek Russian economic aid and military technology in exchange for munitions to be used in Russia's war in Ukraine.

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World shares mostly higher as investors await US inflation, China economic data

World stock prices were mostly higher Monday as investors awaited an update on U.S. inflation and China's latest economic data.

Benchmarks fell in Hong Kong and Tokyo but rose in Shanghai, Paris, Frankfurt and London. Oil prices were mixed.

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France, Bangladesh sign loan deal during Macron's visit to Dhaka

French President Emmanuel Macron witnessed the signature of a deal Monday to facilitate loans to Bangladesh aimed at infrastructure development, as well as a letter of intent to provide the South Asian country with an earth observation satellite system.

This came during Macron's two-day visit to Bangladesh's capital, Dhaka, where he met with Prime Minister Sheikh Hasina, to bolster bilateral relations between the two countries.

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Europe's economic outlook worsens as high prices plague consumer spending

The European Union has lowered its forecast for economic growth this year and next, saying inflation is taking a heavy toll on people's willingness to spend in shops — while higher interest rates are sharply restricting the credit needed for investment and purchases.

The revised forecast Monday from the European Commission, the EU's executive arm, comes as fears of recession grow and as the European Central Bank faces a key decision this week on whether to keep raising rates, which are aimed at getting inflation under control.

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