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Hong Kong to regain IPO crown this year, say PwC and Deloitte

Hong Kong is expected to lead the world in IPO financing this year despite uncertainty from geopolitical tensions and trade tariffs, accountancy giant PwC said on Wednesday.The Chinese financial hub’s capital market has rebounded strongly this year, with dozens of Chinese companies piling into the city to raise overseas capital despite regulatory pressure from Beijing …

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Iran suspends cooperation with UN nuclear watchdog

Iran on Wednesday formally suspended its cooperation with the UN nuclear watchdog, a measure drawn up in the wake of unprecedented Israeli and US strikes on the Islamic republic’s nuclear sites.The war between Iran and Israel, which broke out on June 13 and lasted for 12 days, has intensified tensions between Tehran and the International Atomic Energy Agency (IAEA).On June 25, a day after a ceasefire took hold, Iranian lawmakers overwhelmingly voted in favour of the bill to suspend cooperation with the agency.State media said on Wednesday that the legislation had cleared the final hurdle and was in effect.The text, published by Iranian media, states that the legislation aims to “ensure full support for the inherent rights of the Islamic Republic of Iran” under the nuclear non-proliferation treaty, and “especially uranium enrichment”.The issue of enrichment was at the core of disagreements between Washington and Tehran in nuclear negotiations that had been derailed by the war.Israel and some Western countries had for long accused Iran of seeking to quire nuclear weapons — an ambition Tehran has consistently denied.The text of the law did not specify concrete moves linked to the suspension of cooperation with the IAEA, whose inspectors have had access to declared nuclear facilities.Following the parliament vote, the bill was approved by the Guardian Council, a body tasked with vetting legislation, before a final ratification from the presidency.Iranian President “Masoud Pezeshkian promulgated the law suspending cooperation with the International Atomic Energy Agency”, state TV said on Wednesday.Iranian officials have sharply criticised the IAEA for what they described as the agency’s “silence” in the face of the Israeli and US attacks on Iranian nuclear sites.- ‘Deceptive and fraudulent’ -Tehran has also lambasted the UN agency for a resolution adopted on June 12 that accuses Iran of non-compliance with its nuclear obligations.Iranian officials said the resolution was among the “excuses” for the Israeli attacks.On Wednesday, senior judiciary official Ali Mozaffari said that IAEA director Rafael Grossi should “be held accountable” for what he called “preparing the groundwork for the crime” against Iran, referring to Israel’s air raids.Mozaffari accused Grossi of “deceptive actions and fraudulent reporting”, according to Iranian news agency Tasnim.Iran has rejected a request from Grossi to visit nuclear facilities bombed during the war, and earlier this week Pezeshkian decried his “destructive” conduct.Iran has said Grossi’s request to visit the bombarded sites signalled “malign intent” but insisted there were no threats against him or against inspectors from his agency.France, Germany and Britain have condemned unspecified “threats” against the IAEA chief.Iran’s ultra-conservative Kayhan newspaper has recently claimed that documents showed Grossi was an Israeli spy and should be executed.- Damage -On Monday, Iranian foreign ministry spokesman Esmaeil Baqaei said the parliament vote to halt cooperation with the IAEA reflected the “concern and anger of the Iranian public opinion”.The 12-day war began when Israel launched a major bombing campaign on Iran and killed top military commanders and nuclear scientists, with Tehran responding with waves of missiles and drones launched at Israel.On June 22, Israel’s ally the United States launched unprecedented strikes of its own on Iranian nuclear facilities at Fordo, Isfahan and Natanz.More than 900 people were killed in Iran, according to the judiciary.Iran’s retaliatory attacks killed 28 people in Israel, according to authorities.US President Donald Trump said the US attacks had “obliterated” Iran’s nuclear programme, though the extent of the damage was not clear.Iranian Foreign Minister Abbas Araghchi has admitted “serious” damage to nuclear sites.But in a recent interview with CBS Evening News, he said: “One cannot obliterate the technology and science… through bombings.”

Gaza rescuers say Israeli strikes kill 14 as Trump teases ceasefire push

Gaza’s civil defence agency said that Israeli strikes killed at least 14 people on Wednesday, as US President Donald Trump urged Palestinian group Hamas to agree to a 60-day ceasefire.After nearly 21 months of war which has created dire humanitarian conditions in the Gaza Strip, home to more than two million people, the Israeli military said this week it had expanded its operations.In southern Gaza on Wednesday, civil defence spokesman Mahmud Bassal told AFP that five members of the same family were killed and several others wounded in an Israeli air strike that hit a tent housing displaced people in the coastal Al-Mawasi area.AFP images from the nearby Nasser Hospital, in Khan Yunis city, showed medics treating young children covered in blood.Some appeared terrified while others lay still on hospital beds in bloodied bandages and clothes.Despite being declared a safe zone by Israel in December 2023, Al-Mawasi has been hit by repeated Israeli strikes.Further north, Bassal said that four people from the same family were killed in a pre-dawn Israeli air strike on a house in Gaza City, and another five in a drone strike on a house in the central Deir el-Balah area.Media restrictions in Gaza and difficulties in accessing many areas mean AFP is unable to independently verify the tolls and details provided by rescuers.Contacted by AFP, the Israeli military requested precise coordinates for the targeted locations and said it “will try to look into” the reports.- ‘End the war’ -On Tuesday the military said that in recent days its forces had expanded operations across Gaza, “eliminating dozens of terrorists and dismantling hundreds of terror infrastructure sites”.After months of stalled mediation efforts to bring an end to the war, Trump on Tuesday said on social media that a new ceasefire proposal has Israel’s support.”Israel has agreed to the necessary conditions to finalize the 60 Day CEASEFIRE, during which time we will work with all parties to end the War,” Trump said.He added that Qatari and Egyptian mediators, who have been in direct contact with Hamas throughout the war, would deliver “this final proposal”.”I hope, for the good of the Middle East, that Hamas takes this Deal, because it will not get better — IT WILL ONLY GET WORSE.”Trump is due to host Israel’s Prime Minister Benjamin Netanyahu at the White House next week.Israel launched its offensive in response to Hamas’s October 7, 2023 attack which resulted in the deaths of 1,219 people, mostly civilians, according to an AFP tally based on Israeli official figures.Israel’s retaliatory military campaign has killed at least 56,647 people in Gaza, also mostly civilians, according to Hamas-run territory’s health ministry. The United Nations considers these figures to be reliable.

Australian airline Qantas says hit by ‘significant’ cyberattack

Australian airline Qantas said Wednesday it was investigating a “significant” cyberattack, after hackers infiltrated a system containing sensitive data on six million customers.Qantas said hackers had targeted one of its customer contact centres, breaching a computer system used by a third party.They had access to sensitive information such as customer names, email addresses, phone numbers …

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