Iranian President Masoud Pezeshkian has called for greater use of local currencies in international trade, saying closer financial cooperation among emerging economies could help countries reduce the impact of sanctions and strengthen economic integration. Pezeshkian made the remarks while discussing economic cooperation among BRICS countries, where reducing dependence on traditional international financial channels has become an increasingly important issue.

Iran has faced extensive US sanctions that have restricted its access to international banking and financial networks. Tehran has consequently been seeking alternative mechanisms to maintain trade with countries that remain willing to conduct business with it. Pezeshkian's proposal focuses on increasing settlements in national currencies instead of relying predominantly on the US dollar for cross-border transactions. Such arrangements could reduce exposure to sanctions-related restrictions and provide countries with additional options for conducting bilateral trade.

The Iranian president also stressed the importance of strengthening economic ties among BRICS members. Greater cooperation in trade, investment, banking and infrastructure, he argued, could help create a more integrated economic network among emerging economies. The issue has particular relevance for India-Iran economic relations. The two countries have maintained strategic and commercial ties despite the challenges created by international sanctions. India has also continued its engagement with Iran through projects such as the development of Chabahar Port, which is important for regional connectivity.

Bilateral trade has faced significant difficulties in recent years. Sanctions, payment restrictions and complications surrounding financial transactions have made it harder for companies in both countries to conduct business through conventional channels. The push for local-currency settlements is part of a wider discussion within BRICS about developing alternative financial mechanisms. Several member countries have expressed interest in expanding trade conducted in their national currencies and improving cross-border payment systems.

Analysts, however, note that wider adoption of local currencies would require practical arrangements involving banks, businesses and governments. Exchange-rate fluctuations, currency convertibility and differences in financial regulations could present challenges. For Iran, expanding local-currency trade could provide additional options for maintaining international commerce despite sanctions. For other BRICS members, it could offer greater flexibility in cross-border transactions and reduce reliance on a single dominant currency. Pezeshkian's remarks come as BRICS continues to explore ways to deepen economic cooperation among its members. The push for stronger financial links could become an important part of the group's broader efforts to increase trade and investment among emerging economies.

Disclaimer: This image is taken from Hindustan Times.

The Indian Space Research Organisation (ISRO) has successfully completed the flight-acceptance hot test of a CE20 cryogenic engine that is set to power the upper stage of the upcoming LVM3-M7 mission, marking a significant step in preparations for India's next heavy-lift launch. The test was conducted on July 6, 2026, at the Main Engine and Stage Test facility of the ISRO Propulsion Complex in Mahendragiri, Tamil Nadu. During the test, the CE20 engine initially operated at a thrust level of 19.5 tonnes for 45 seconds before being raised to 22 tonnes for another 25 seconds. ISRO said the engine systems and the Nozzle Protection System performed satisfactorily throughout the test.

The engine will now undergo refurbishment before being integrated into the C32 flight stage being prepared for the LVM3-M7 launch vehicle. The CE20 is an indigenous cryogenic engine developed by ISRO for the upper stage of the LVM3 rocket. The engine is designed to operate in the 19-22 tonne thrust range and has powered multiple LVM3 missions, including Chandrayaan-2, Chandrayaan-3 and commercial launches.

The latest hot test is particularly significant because ISRO is working to establish the CE20's operation at the higher 22-tonne thrust level for future LVM3 missions. Increasing the thrust of the upper-stage engine is expected to contribute to improvements in the launch vehicle's payload capability. ISRO had earlier conducted a major sea-level test of the CE20 at 22-tonne thrust on March 10, 2026. The engine was operated for 165 seconds during that test using a Nozzle Protection System and a multi-element igniter. The test was aimed at demonstrating the engine's performance at the higher thrust level under sea-level conditions.

Testing a large cryogenic engine at sea level presents technical challenges because of the large-area-ratio nozzle used by the CE20. The low pressure at the nozzle exit can lead to flow separation, which may cause excessive vibration and thermal loads. ISRO's Nozzle Protection System was developed to address this challenge and enable extended engine testing under sea-level conditions.

The CE20 has undergone an extensive testing programme as ISRO continues to improve the reliability and performance of the LVM3 propulsion system. Previous testing has demonstrated technologies including multi-element ignition, higher-thrust operation, indigenous turbopump bearings and sensors, as well as bootstrap-mode engine start-up.

The successful flight-acceptance test of the engine assigned to LVM3-M7 brings the mission another step closer to launch. Once refurbishment is completed, the engine will be integrated into the C32 flight stage and subsequently into the LVM3 vehicle. The development of the 22-tonne CE20 configuration is also important for India's wider space programme. Improved upper-stage performance could give the LVM3 greater flexibility for future missions involving heavier spacecraft and more demanding orbital requirements. With the latest test successfully completed, ISRO is continuing its efforts to strengthen the LVM3's capabilities and build greater reliability into India's heavy-lift launch operations.

Disclaimer: This image is taken from The Pioneer.

Thousands of passengers, including Indians travelling between India and the United Kingdom, faced disruption after a major technical failure in the UK's air traffic control system led to more than 2,000 flight cancellations and widespread delays. The disruption was linked to a technical problem in the flight-processing system operated by National Air Traffic Services (NATS), which manages air traffic control across the UK. Although the immediate fault was resolved, its effects continued to disrupt airline schedules as aircraft and crew were left out of position following the cancellations and diversions.

Major airports, including London Heathrow and Gatwick, were among those affected. Passengers reported long delays, cancelled services, missed connections and problems with baggage and rebooking as airlines attempted to clear the backlog. The disruption also affected flights connecting India with the UK. Air India and IndiGo services were among the India-UK operations hit by the situation, while other international carriers also made changes to their schedules. Some flights were cancelled or delayed, while others were diverted because of the disruption at UK airports.

The impact was not limited to passengers who were travelling on flights cancelled during the initial outage. As aircraft and flight crews were unable to reach their planned destinations, subsequent services were also affected. This created a knock-on effect across airline schedules, making it difficult for carriers to return to normal operations immediately after the technical issue was fixed.

NATS said the incident was caused by a technical failure and not a cyberattack. The UK government has ordered an investigation into the incident, while the country's aviation regulator is also reviewing what happened. The failure has renewed concerns about the resilience of critical air traffic control infrastructure after previous technical problems have caused significant disruption to UK air travel.

For Indian passengers currently travelling to or from the UK, airlines have advised checking flight information before leaving for the airport. Travellers whose services have been cancelled or significantly delayed may need to contact their respective airlines for rebooking and other assistance. While the air traffic control system has returned to operation, the disruption is expected to take time to fully clear because airlines must reposition aircraft and crews and accommodate passengers affected by cancelled services. The incident has demonstrated how a technical failure in a key aviation system can quickly spread across international routes, affecting passengers far beyond the country where the original problem occurred.

Disclaimer: This image is taken from Hindustan Times.

Students living in paying guest accommodations around Delhi’s Satya Niketan area have started vacating their rooms following the collapse of a nearby building that left seven people dead, including five Delhi University students. The incident has triggered fresh concerns over the safety of buildings being used as student accommodation in the densely populated locality. The five-storey building, which was being used as a boys’ PG, collapsed on September 6. Seven people were killed and several others were injured in the incident, prompting a large-scale rescue and relief operation. The tragedy has since raised questions about the structural condition of other buildings in the neighbourhood, which has a high concentration of PGs and private hostels because of its proximity to Delhi University’s South Campus.

Following the collapse, a number of students staying in nearby properties began leaving with their belongings. The atmosphere in the area remained tense as residents and students expressed concern about the condition of buildings surrounding the collapsed structure. Some parents have also reached Delhi to help their children move to safer accommodation.

The Municipal Corporation of Delhi has meanwhile started the controlled demolition of an adjoining building that was declared unsafe. The structure, identified as Property No. 13, was being used as a girls’ PG and was evacuated after the neighbouring building collapsed. Civic officials ordered its demolition after determining that it posed a potential danger to occupants and nearby properties.

Demolition workers began by removing parts of the structure, including the water tank and tin roofing, as authorities moved to reduce the risk of another structural failure. The demolition operation was later halted and is expected to continue as the civic authorities assess the site and surrounding buildings. The incident has also prompted authorities to examine other structures in Satya Niketan. The MCD has issued evacuation directions for some buildings considered potentially dangerous and is carrying out inspections in the locality. Officials are also looking at the condition of PG accommodations and the number of people staying in buildings that may not have been designed for such high occupancy.

Satya Niketan has become a popular residential area for students because of its location close to several Delhi University colleges. Over the years, many residential properties in the area have been converted into PGs and hostels to meet the growing demand for student housing. The collapse has now put renewed focus on whether such buildings are being properly maintained and whether structural and safety requirements are being followed.

The Delhi government is also considering tighter rules for PG and hostel operators. The proposed regulatory framework is expected to include requirements related to licensing, police verification, structural safety and fire-safety clearances. Authorities are also looking at ways to improve monitoring of PG establishments so that students and their families can have greater access to information about the safety and approval status of accommodation.

The investigation into the Satya Niketan building collapse is continuing. Authorities are examining the condition of the structure, construction and renovation work carried out at the property and other factors that may have contributed to the collapse. Action has also been taken against individuals and officials as part of the wider investigation into the incident.

With students leaving nearby PGs and demolition work underway, attention in Satya Niketan has shifted toward preventing another tragedy. The incident has highlighted concerns surrounding ageing buildings, increasing occupancy and the rapid conversion of residential properties into student accommodation in parts of Delhi.

Disclaimer: This image is taken from Hindustan Times.

Prime Minister Lawrence Wong has announced a broad set of initiatives covering family support, housing, technology and Singapore’s national resilience. Hairianto Diman and Justine Moss speak to SMU School of Law Associate Professor Eugene Tan about the major measures, their significance for Singaporeans and what they reveal about the Government’s priorities for the country’s next stage of growth.
Disclaimer: This podcast is taken from CNA.

Myanmar's military government has released rare images of detained leader Aung San Suu Kyi meeting a Red Cross official, marking her first known contact with the outside world since the 2021 coup. The photos were released just ahead of junta chief Min Aung Hlaing's first official visit to Thailand, prompting speculation about their political significance.

Disclaimer: This podcast is taken from CNA.

In a conversation with political editor Tom McIlroy and chief political correspondent Dan Jervis-Bardy during the 50th Labor conference in Adelaide, South Australian Premier Peter Malinauskas discussed his state’s political battle with One Nation. He said progressive groups should avoid dismissing or talking down to Pauline Hanson’s supporters, arguing that their concerns need to be understood rather than ignored. Addressing the ongoing debate over the AUKUS submarine deal, Malinauskas acknowledged concerns after the US revealed that Virginia-class submarine production rates had not improved. However, he maintained that walking away from the agreement would create greater strategic risks than the challenges surrounding the controversial defence partnership.

Disclaimer: This podcast is taken from The Guardian.

On Made in SG, Melanie Oliveiro chats with Singaporean singer-songwriter Frances Tan, who recently competed in the Commonwealth Song Contest — an international music competition featuring participants from all 56 Commonwealth countries. Tan shares her experience of being chosen as a Grand Finalist, representing Singapore alongside six other finalist nations. She also discusses her original track, Just Me, which she submitted as her contest entry.

Disclaimer: This podcast is taken from CNA.