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China allocates millions in new disaster relief after storms and a deadly landslide

BEIJING, July 8, 2026 (AP) — China allocated millions of dollars in additional relief funding for disaster-hit areas Wednesday after severe storms destroyed homes and displaced thousands of people and a landslide killed 21 forestry workers. The central government allocated 50 million yuan ($7.4 million) to restore roads, schools and other facilities in central China’s Hubei province and another 20 million yuan to help rebuild homes and resettle residents there, state media said. Eleven people died and hundreds were injured Monday night in violent thunderstorms and rare tornadoes. The government also allocated 30 million yuan ($4.4 million) to Gansu province,

Trump says Iran deal is ‘over’ but talks can continue

DUBAI, United Arab Emirates, July 8, 2026 (AP) — Iran targeted American military sites in the Gulf on Wednesday after the U.S. launched strikes on several places in Iran and reinstated sanctions on its oil sales. Washington said it was responding to Iranian attacks on ships in the Strait of Hormuz. The crossfire raised fears that the war in Iran could reignite, and U.S. President Donald Trump fueled those concerns by saying that the interim agreement to pause fighting was “over,” although he added that he would allow negotiations to continue. Attacks have repeatedly threatened the shaky ceasefire, but Trump’s

Rupee tanks 59 paise to close at 95.55 against US dollar

Mumbai, Jul 8 (PTI) The rupee tanked 59 paise to settle at 95.55 (provisional) against the US dollar on Wednesday as the US launched fresh strikes on Iran after Tehran struck three ships in the Strait of Hormuz, pushing up crude oil prices and strengthening the dollar. The US military attacked Iran early Wednesday after it said Tehran struck three ships in the Strait of Hormuz, part of an American effort that also revoked the Islamic Republic’s ability to openly sell crude oil in the world market. Iran retaliated with strikes targeting Bahrain and Kuwait. Following the strikes, global crude

Stock markets tumble over 2 pc on escalating US-Iran tensions, sharp surge in oil prices

MUMBAI, Jul 8 (PTI) Equity benchmark indices Sensex and Nifty fell sharply by over 2 per cent during the fag-end of the trade on Wednesday amid reports that the US President Donald Trump said the interim agreement with Iran is over, leading to a sharp rally in crude oil prices. The 30-share BSE Sensex tanked 1,722.99 points, or 2.20 per cent, to 76,457.73 in intraday trade. The 50-share NSE Nifty tumbled 530.05 points, or 2.17 per cent, to 23,868.65. All the 30-Sensex firms were trading in the red. InterGlobe Aviation, Maruti, Hindustan Unilever, UltraTech Cement, Bajaj Finance and Mahindra &

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