Latest News
- Angela Merkel receives European Order of Merit, highlights security concerns
- Diplomats finalise EU-US agreement to eliminate duties on US goods
- Iran warns of further surprises if conflict resumes amid US threats
- Israel launches direct flight to Argentina as part of Latin American outreach
- Housing market in Iran sees high prices leaving tenants with limited choices
- Maldives investigates cave diving deaths of six individuals from Italy
- EU negotiators seek agreement on defence readiness measures amid challenges
- Trump endorses Paxton in Texas Senate runoff, stirring GOP tensions
Financial Times - oil producers spring surprise output cut of more than 1mn barrels a day
Summary of the front page
The Financial Times splashes on the revelations from oil producing nations that they will be cutting back production by more than a million barrels a day.
According to the paper, the move has put Saudi Arabia on a “collision course” with the US as it attempts to boost prices.
Today's top stories
Angela Merkel receives European Order of Merit, highlights security concerns
May 20, 2026
2:31 am
Former German Chancellor Angela Merkel received the European Order of Merit on Tuesday. In her acceptance speech, she emphasised that Europe can no longer assume peace and security, highlighting concerns over Russia’s invasion of Ukraine and shifting US security policies that indicate a loss of established certainties.
Diplomats finalise EU-US agreement to eliminate duties on US goods
May 20, 2026
2:00 am
Diplomats and MEPs reached an agreement to implement the EU-US pact, which removes duties on most US industrial goods imported into Europe. The deal follows US President Trump’s threat of 25% tariffs on EU cars, with MEPs negotiating terms amid ongoing tensions in transatlantic relations.
Iran warns of further surprises if conflict resumes amid US threats
May 20, 2026
1:40 am
A warning has been issued following Donald Trump’s threat of military action against Iran, as he set a two to three day deadline for the country to agree to a deal. This development has raised concerns among international observers.
Israel launches direct flight to Argentina as part of Latin American outreach
May 19, 2026
11:24 pm
Israel and Argentina have announced a direct flight from Tel Aviv to Buenos Aires, commencing in November. This twice-weekly service aims to strengthen ties between Prime Minister Benjamin Netanyahu and President Javier Milei, reflecting Israel’s strategic interests in Latin America amidst regional shifts.
Housing market in Iran sees high prices leaving tenants with limited choices
May 19, 2026
11:17 pm
In Tehran, rising rents have left tenants with limited options as economic instability continues. A recent report indicates that monthly housing costs increased by 31% year-on-year, exacerbated by war-related inflation. Many residents struggle to meet these expenses, with incomes failing to keep pace.
Maldives investigates cave diving deaths of six individuals from Italy
May 19, 2026
10:00 pm
Six individuals have died in a cave diving incident in the Maldives, including ecology professor Monica Montefalcone and her daughter, Giorgia Sommacal. They were on a research trip when the tragedy occurred. An investigation is ongoing to determine the cause of death.
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