
Mideast governments condemn Syria church bombing as death toll jumps to 25
DAMASCUS: The death toll from an attack on a church in Syria has gone up to 25, state media said Monday.
The attack Sunday on the Mar Elias Greek Orthodox church during a Divine Liturgy in Dweil'a near Damascus was the first of its kind in Syria in years, and comes as Damascus under its de facto Islamist rule is trying to win the support of minorities.
As President Ahmad al-Sharaa struggles to exert authority across the country, there have been concerns about the presence of sleeper cells of extremist groups in the war-torn country.
The ministry and most witnesses said a gunman entered the church, and started firing at the people there before detonating his explosive vest.
SANA, citing the Health Ministry, said 63 other people were wounded in the attack. Father Fadi Ghattas told The Associated Press after the attack that some 350 people were praying at the church.
The United States, the European Union and governments across the Middle East condemned the attack, decrying it as a terrorist attack.
No group immediately claimed responsibility, but the Syrian Interior Minister has blamed the extremist Islamic State group.
Since the toppling of Bashar Assad and his family's decades-long dictatorial rule of Syria last December in a lightning insurgency, al-Sharaa has been pushing to win the support of Syria's non-Sunni-Muslim minority groups who are concerned about life under Islamist rule.
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Hindustan Times
27 minutes ago
- Hindustan Times
A road map for the Quad Critical Minerals Initiative
At the Quad foreign ministers' meeting in Washington earlier this month, Australia, India, Japan and the US announced a Quad Critical Minerals Initiative (QCMI) — a signal of shared intent, but one still in search of substance. China has asserted its dominance in critical minerals — first through export controls on gallium and germanium, and more recently by curbing rare earth shipments. The US responded with executive orders to secure supply chains. Allies are moving to re-shore and diversify. The logic is clear: From electric vehicles (EVs) to jet engines and semiconductors, critical minerals will shape both economic competitiveness and strategic autonomy in the 21st century. Despite growing convergence, Quad members differ on which minerals are 'critical' to them. India lists 30 minerals, such as copper, cadmium and potash for agriculture and energy needs. The US list of 50 minerals emphasises aluminium, barite and graphite for the defence and tech industries. Australia focuses on 31 minerals, including lithium, rare earth elements (REEs) and zirconium. Japan's list of 35 minerals emphasises gallium, dysprosium and yttrium. Quad has 20 minerals in common — including cobalt, graphite, lithium and REEs — low-hanging fruit for alignment. Yet, 36 minerals are unique to just one member, opening opportunities for swaps and co-investment. Quad supply chains remain highly vulnerable, especially graphite, copper, REEs and lithium. For example, China dominates REE refining, accounting for more than 90% of global capacity. The US lacks heavy REE separation. India, despite significant reserves, produces just 1% of global output. Even Australia's only major non-Chinese producer, Lynas, depends on China for refining. Japan, targeted by China's 2010 export ban, still sources more than half of its REEs from China. This is illustrative of the larger vulnerabilities of the Quad supply chain. India is 100% import dependent for its lithium, cobalt and nickel needs. The US lacks refining capacity, while Japan compensates with export-grade refining expertise. Australia holds the upstream edge but relies on external processing. India faces dual challenges: import dependence and limited domestic processing. However, growing demand from EVs and solar energy creates incentives for integration. The government has introduced sweeping reforms, from a National Critical Mineral Mission (NCMM) to duty exemptions on critical minerals and scrap metal imports. With the right partnerships, India can emerge as a hub for minerals processing and manufacturing. India's critical minerals sector, especially downstream, is not yet globally competitive. But a nascent market is not a novel challenge. India built its IT services hub through telecoms investments, tax incentives and talent development. Japan spurred semiconductor growth via co-ordination and export credit, while Australia built lithium dominance through exploration incentives and export infrastructure. Even China, the global EV leader, invested ₹12 trillion ($230 billion) to build its ecosystem in battery R&D and manufacturing. Critical minerals policy is fragmented across nations and industries. Without a co-ordinating forum, exploration, ESG standards and procurements remain unaligned. The QMCI could serve as a government-industry platform to align policies, share analysis, harmonise standards and co-ordinate projects. Pooling expertise and negotiating power can dismantle barriers to diversified supply chains as shown by the US-led Minerals Security Partnership and G7 Sustainable Critical Minerals Alliance. The QMCI should go beyond convening towards joint stockpiling, financing and standards harmonisation efforts to improve offtake. Access to patient capital is a major hurdle for critical minerals projects, which require high investments and long timelines. BloombergNEF estimates ₹179 trillion ($2.1 trillion) will be needed by 2050 to meet global demand for transition metals — about ₹5.9 trillion ($70 billion) annually. A supply-demand mismatch will threaten net-zero targets and clean energy scalability. To address this, the QMCI should establish a joint Critical Minerals Investment Platform to pool concessional finance, like the US-Qatar-backed TechMet sovereign fund, worth ₹24.3 billion ($285 million), or Australia's ₹222 billion ($2.6 billion) Critical Minerals Facility. These efforts underscore how strategically deploying public capital through joint vehicles can derisk frontier mineral ecosystems. Technological fragmentation and R&D underinvestment are slowing minerals sector growth. Of the ₹4.2 trillion ($49.7 billion) invested in global public R&D in 2023, only a small fraction went to critical minerals. Mining talent pipelines also lag demand. While the US and Australia face shortages, India's 110 mining engineering colleges produce an exponentially higher number of graduates annually, suggesting strong complementarity. Without co-ordinated R&D and talent investment, the Quad risks missing productivity gains needed for value-added mineral activities. In the coming decade, countries setting standards, financing infrastructure and training workforces for critical minerals will shape the next industrial era. The Quad can lead this transformation — or be compelled to follow others, at its cost. Kaira Rakheja is energy analyst, IEEFA South Asia, and Akshat Singh is an independent policy consultant and previously was an associate fellow at the Center for Strategic and International Studies (CSIS). The views expressed are personal


Indian Express
27 minutes ago
- Indian Express
US, China officials to hold trade talks in Stockholm: What to expect?
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News18
34 minutes ago
- News18
Asian shares mixed after Wall Street sets more records for US stocks
Agency: PTI Last Updated: Bangkok, Jul 28 (AP) Stock markets in Asia were mixed on Monday after US stocks rose to more records as they closed out another winning week. US futures and oil prices were higher ahead of trade talks in Stockholm between US and Chinese officials. European futures rose after the European Union forged a deal with the Trump administration calling for 15% tariffs on most exports to the US. The agreement announced after President Donald Trump and European Commission chief Ursula von der Leyen met briefly at Trump's Turnberry golf course in Scotland staves off far higher import duties on both sides that might have sent shock waves through economies around the globe. Tokyo's Nikkei 225 index lost 1% to 41,056.81 after doubts surfaced over what exactly the trade truce between Japan and US President Donald Trump, especially the $550 billion pledge of investment in the US by Japan, will entail. Terms of the deal are still being negotiated and nothing has been formalized in writing, said an official, who insisted on anonymity to detail the terms of the talks. The official suggested the goal was for a $550 billion fund to make investments at Trump's direction. Hong Kong's Hang Seng index gained 0.4% to 25,490.45 while the Shanghai Composite index lost 0.2% to 3,587.25. Taiwan's Taiex rose 0.3%. Elsewhere in Asia, South Korea's Kospi was little changed at 3,195.49, while Australia's S&P/ASX 200 rose 0.3% to 8,688.40. India's Sensex slipped 0.1%. Markets in Thailand were closed for a holiday. On Friday, the S&P 500 rose 0.4% to 6,388.64, setting an all-time for the fifth time in a week. The Dow Jones Industrial Average climbed 0.5% to 44,901.92, while the Nasdaq composite added 0.2%, closing at 21,108.32 to top its own record. Deckers, the company behind Ugg boots and Hoka shoes, jumped 11.3% after reporting stronger profit and revenue for the spring than analysts expected. Its growth was particularly strong outside the United States, where revenue soared nearly 50%. But Intell fell 8.5% after reporting a loss for the latest quarter, when analysts were looking for a profit. The struggling chipmaker also said it would cut thousands of jobs and eliminate other expenses as it tries to turn around its fortunes. Intel, which helped launch Silicon Valley as the U.S. technology hub, has fallen behind rivals like Nvidia and Advanced Micro Devices while demand for artificial intelligence chips soars. Companies are under pressure to deliver solid growth in profits to justify big gains for their stock prices, which have rallied to record after record in recent weeks. Wall Street has zoomed higher on hopes that President Donald Trump will reach trade deals with other countries that will lower his stiff proposed tariffs, along with the risk that they could cause a recession and drive up inflation. Trump has recently announced deals with Japan and the Philippines, and the next big deadline is looming on Friday, Aug 1. Apart from trade talks, this week will also feature a meeting by the Federal Reserve on interest rates. Trump again on Thursday lobbied the Fed to cut rates, which he has implied could save the US government money on its debt repayments. Fed Chair Jerome Powell has said he is waiting for more data about how Trump's tariffs affect the economy and inflation before making a move. The widespread expectation on Wall Street is that the Fed will wait until September to resume cutting interest rates. In other dealings early Monday, US benchmark crude oil gained 24 cents to $65.40 per barrel. Brent crude, the international standard, also added 24 cents to $67.90 per barrel. The dollar rose to 147.72 Japanese yen from 147.71 yen. The euro slipped to $1.1755 from $1.1758. (AP) NSA NSA (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 28, 2025, 11:15 IST News agency-feeds Asian shares mixed after Wall Street sets more records for US stocks Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.