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Time:2026-06-12T03:02:29Z

Trump calls off strikes on Iran amid peace deal breakthrough, sending global stock markets higher. The UK suffers a political crisis as two top defense officials resign over military spending, dealing a fresh blow to Prime Minister Keir Starmer. China's ports top a World Bank ranking as the most efficient globally, while Beijing pushes for greater European imports. Thailand's Princess Bajrakitiyabha has died at 47 after years in a coma.

China's ports ranked world's most efficient

China's ports ranked world's most efficientA World Bank study has ranked China's ports as by far the most efficient in the world. Beijing is simultaneously seeking to increase imports from Europe to balance trade relations. US farmers, meanwhile, express cautious optimism about renewed trade engagement with China, signaling potential thaw in agricultural trade tensions.

Two UK defense officials resign over spending

Two UK defense officials resign over spendingTwo senior UK defense officials have resigned, including the defense secretary, citing the government's unwillingness to adequately fund the military. The resignations deal a significant political blow to Prime Minister Keir Starmer's leadership. The departing officials levelled scathing critiques of the government's defense policies and budget priorities.

Thai Princess Bajrakitiyabha dies at 47

Thai Princess Bajrakitiyabha dies at 47Thailand's Princess Bajrakitiyabha has died at the age of 47 after spending more than three years in a coma, the Royal Palace has confirmed. The princess, a senior member of the Thai royal family, had been hospitalized since late 2022. Her passing marks the end of a prolonged medical ordeal that had captured national attention.

Trump calls off Iran strikes, peace deal imminent

Trump calls off Iran strikes, peace deal imminentDonald Trump has called off planned strikes on Iran, citing a major breakthrough in negotiations to end the war. He announced a peace agreement is likely to be signed within days, sending positive signals across financial markets. However, Iranian officials state that no final decision has been made, creating continued uncertainty around the deal's timeline.

Global stocks surge on Iran peace hopes

Global stocks surge on Iran peace hopesGlobal stock markets rallied sharply after Trump called off strikes on Iran and touted a looming peace deal. Analysts are divided on whether Trump's approach is a deliberate negotiation tactic or erratic policy making. Trump also threatened to hit Iran 'very hard' and later seize its oil and gas sectors, adding uncertainty despite the apparent diplomatic progress.