Wednesday, October 14Global edition

Understand this

The stories that explain a thing properly, so the next headline makes sense.

Saudi Arabia seeks long-term oil contracts to bypass Hormuz

Talks with Asian customers over alternative delivery routes must conclude by year-end, though pricing, freight and eligible volumes are unresolved. The push comes after a drone attack on 13 September knocked out the East-West Pipeline, Saudi Arabia's main overland route around the strait.

2 min read

Pakistan sends forces to Saudi Arabia without a parliamentary vote

Islamabad agreed to the rapid deployment at an emergency meeting in Riyadh, invoking a joint defence pact with Saudi Arabia and Turkey for the first time. It is a sharp reversal of the restraint parliament imposed in 2015, when it voted to keep Pakistan out of the Saudi-led war in Yemen.

3 min read

Ripple moves into Wall Street's leveraged ETF financing business

The crypto firm has renamed its $1.25 billion acquisition Hidden Road as Ripple Prime, putting it in direct competition with banks in the business of financing and clearing trades. The US leveraged-ETF market it is targeting holds more than $256 billion in assets across 593 funds.

2 min read

WHO says no to obesity drugs and surgery for children under 10

New global guidelines recommend diet, exercise and behavioural support as the only first-line care for younger children. The WHO cited doubts about the safety and long-term effectiveness of medicines and surgery — even as drug companies test obesity treatments in children as young as six.

2 min read

Houthi attacks on Saudi Arabia up 333% as strikes reach Riyadh

At least 37 Saudi sites were hit between July and September, with drones temporarily disrupting a pipeline carrying 4–5% of global crude supply. The Houthis have also declared a maritime embargo, striking ten ships and tightening their grip on the Red Sea coast.

3 min read

EU opens €35 million tender to detect rogue attempts to block out the sun

The EU's Horizon Europe research arm wants to build a framework that can identify and attribute unauthorised attempts to alter the atmosphere by reflecting sunlight back into space. The move comes as private companies and governments step up work on solar geoengineering, with few international rules in place to govern it.

2 min read

EU would strip new members of voting rights for up to 15 years under Commission plan

The European Commission wants incoming members to give up the power to block some Council decisions for as long as 15 years, with voting rights removable if they breach EU values. The rules would not apply to existing member states, making backsliding by older members harder to punish. EU leaders debate the plan at a Brussels summit on 15-16 October.

2 min read