Reuters

SEOUL (Reuters) - Stabilising prices are creating an environment to cut rates in South Korea, a senior presidential official said on Sunday.

"(South Korea) is one of the countries with the most stable price levels compared to other countries globally," Sung Tae-yoon, policy chief for South Korean President Yoon Suk Yeol, told a public broadcaster KBS.

"Therefore, I believe an environment where rates can be lowered is being created," Sung... (continue reading...)

CAIRO (Reuters) - The U.S. Naval Forces Central Command (NAVCENT) said on Sunday that it had rescued the crew from the Liberian-flagged, Greek-owned bulk carrier M/V Tutor that was attacked by Yemen's Iran-aligned Houthis on 12 June in the Red Sea.

Sailors assigned to the Dwight D. Eisenhower Carrier Strike Group airlifted the crew out on Saturday, NAVCENT said, adding that one civilian sailor remained missing.

The attack, which occurred... (continue reading...)

CAIRO (Reuters) -Hamas' response to the latest Gaza ceasefire proposal is consistent with the principles put forward in U.S. President Joe Biden's plan, the group's Qatar-based leader Ismail Haniyeh said in a televised speech on the occasion of the Islamic Eid al-Adha on Sunday.

"Hamas and the (Palestinian) groups are ready for a comprehensive deal which entails a ceasefire, withdrawal from the strip, the reconstruction of what was destroyed and a... (continue reading...)

MOSCOW (Reuters) -Russian special forces freed two guards and killed several men linked to Islamic State who had taken them hostage at a detention centre in the southern city of Rostov on Sunday, the prison service said.

Intense automatic gunfire could be heard in footage published on Russian Telegram channels.

"The criminals were eliminated," Russia's Federal Penitentiary Service said in a statement, which said a "special operation" had... (continue reading...)

CAIRO/RIYADH (Reuters) -Saudi Arabia's annual inflation rate remained at 1.6% for the third month running in May, government data showed on Sunday, with higher housing rents still the main driver.

Housing rents rose 10.5% from a year earlier underpinned by a 14.3% rise in apartment rents, according to the General Authority for Statistics.

Overall, prices in the subcategory of housing, water, electricity, gas and other fuels rose 8.7% from... (continue reading...)