Saturday, October 25, 2025

BIG Wrap

Khamenei says U.S. wants to keep Ukraine war going

(Al Jazeera Media Network) Iran’s supreme leader, Ayatollah Ali Khamenei, says the United States is not interested in putting an end to the war in Ukraine, which he maintains the western military alliance created. “The U.S. actually started the Ukraine war,” he said during a speech on Tuesday in Mashhad. “The U.S. created the grounds for this war to expand NATO in the east.” “Now, it is also the U.S. that benefits the most from the...

Xi calls for ‘rational way’ out of Ukraine conflict

(Al Jazeera Media Network) Chinese President Xi Jinping, who is due to arrive in Moscow later on Monday for talks, has called for a “rational way” out of the Ukraine crisis, but has acknowledged it will not be easy to reach a solution. Writing in the Russian newspaper Rossiiskaya Gazeta, a daily published by the Russian government, Xi said discussions could be based on China’s 12-point proposal for a political settlement published last month. “The document serves...

Ukraine Black Sea grain export deal extended, UN and Turkey say

(Al Jazeera Media Network) A deal allowing the export of Ukrainian grain over the Black Sea, which had been due to expire today (Saturday), has been renewed, Turkish President Recep Tayyip Erdogan and the United Nations have announced. The agreement was concluded after talks with Russia and Ukraine, Erdogan said in a speech in the western city of Canakkale, but he did not specify how long the extension of the deal was for. Russia said it...

Trump says he expects to be arrested on Tuesday

(BBC News) Former U.S. President Donald Trump says he is expecting to be arrested on Tuesday in a case about alleged hush money paid to an ex-porn star. Trump called on his supporters to protest against such a move in a post on his Truth Social platform. One of Trump's lawyers said his claim was based on media reports that he could be indicted next week. If Trump is indicted, it would be the first criminal case...

Big U.S. banks inject billions into regional bank

(BBC News) A group of big U.S. banks has injected $30 billion into a smaller regional bank, First Republic, which had been seen as at risk of failure. The move came as authorities in the U.S are trying to quell panic over the health of the banking system, after a series of bank collapses in the U.S. Worries about the sector have spread globally, raising fears of a crisis. U.S. regulators called the move "most welcome," while...

Tonnes of uranium missing from Libyan site, says UN

(Al Jazeera Media Network) The United Nations’ International Atomic Energy Agency (IAEA) has said approximately 2.3 tonnes of natural uranium had gone missing from a site in Libya not under government control, news agencies have reported. IAEA chief Rafael Grossi told the organisation’s member states this week that inspectors reported that 10 drums containing uranium ore concentrate had gone missing and “were not present as previously declared” at the location in Libya. The IAEA will conduct...

Credit Suisse to borrow up to $54 billion from Swiss central bank after shares plunge

(The Telegraph) Credit Suisse has announced that it will borrow up to 50 billion Swiss francs ($54 billion USD) from Switzerland's central bank to reinforce the group after its shares plunged. In a statement, the troubled bank said it was also making buyback offers on about 2.8 billion francs of debt. "These measures demonstrate decisive action to strengthen Credit Suisse as we continue our strategic transformation to deliver value to our clients and other stakeholders," chief executive...

What we know about the Silicon Valley Bank and Signature Bank collapses

(BBC News) The value of shares in some banks tumbled around the world after the collapse of two U.S. banks. So how bad is this and what does it mean for you? When the U.S. president himself goes out of his way to tell people that their money is safe, then you know the government is taking a financial crash seriously. Joe Biden's assurances on Monday were not just for the customers of the two failed banks....

U.S. decries Russian downing of drone over Black Sea

(Al Jazeera Media Network) The White House has condemned Russia for “unsafe” and “reckless” jet manoeuvres that the United States says led to the downing of a U.S. drone over the Black Sea. The U.S. military’s European Command said in a statement that a Russian Su-27 fighter jet struck the propeller of the MQ-9 Reaper drone on Tuesday, requiring it to be brought down in international waters and resulting in the loss of the aircraft. The Black Sea borders both...

Saudi Aramco records $161 billion profit in 2022

(Al Jazeera Media Network) Oil giant Saudi Aramco has reported earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from activists. The monster profit by the firm, known formally as the Saudi Arabian Oil Co., came on the back of energy prices rising after Russia launched its war on Ukraine in February 2022, with sanctions limiting the sale of Moscow’s oil and natural gas in western...