Latest News
Iran says it wants ‘fair agreement’ as nuclear talks with US begin in Oman
Iran and the United States have begun talks in Oman over Teheran’s nuclear programme – the highest level meeting between the two nations since 2018.
Iran’s Foreign Minister Abbas Araghchi told Iranian state television his country wanted a “fair agreement”, with his spokesperson saying he did not expect talks to last long.
President Donald Trump pulled the US out of a previous nuclear agreement between Iran and world powers in 2018, and has long said he would make a “better” deal.
It is unclear if the two delegations will sit in the same room, but the talks are seen as an important first step to establishing whether a deal can be done, as well as a framework for negotiations.
Araghchi has repeatedly emphasised that indirect talks were best at this stage.
Trump’s envoy Steve Witkoff, who is leading the US delegation, has only spoken of meeting face-to-face.
But the most important issue is what kind of deal each side would accept.
Trump sent a letter to Iran’s supreme leader via the United Arab Emirates last month, saying he wanted a deal to prevent Iran from acquiring nuclear weapons and to avert possible military strikes by the US and Israel.
Iran hopes a deal to limit, but not dismantle, its nuclear programme in exchange for sanctions relief.
“Our intention is to reach a fair and honourable agreement from an equal position, and if the other side also comes from the same position, then hopefully there will be a chance for an initial understanding that will lead to a path of negotiations,” Araghchi said.
He added that the team that came with him was made up of experts “knowledgeable in this particular field and who have a history of negotiating on this issue”.
An unnamed source in Oman told the news agency Reuters that the talks would also seek to de-escalate regional tensions and secure prisoner exchanges.
Trump disclosed the upcoming talks during a visit by Benjamin Netanyahu to the White House on Monday. The Israeli prime minister said on Tuesday that both leaders had agreed “Iran will not have nuclear weapons”.

Trump has warned that the US would use military force if a deal was not reached, and Iran has repeatedly said it will not negotiate under pressure.[BBC]
The US president told reporters in the Oval Office on Monday that this weekend’s meeting in Oman would be “very big”, while also warning that it would “be a very bad day for Iran” if the talks were unsuccessful.
Iran insists its nuclear activities are entirely peaceful and that it will never seek to develop or acquire nuclear weapons.
However, since Trump pulled out of the 2015 agreement – which expires later this year – Iran has increasingly breached restrictions imposed by the existing nuclear deal in retaliation for crippling US sanctions reinstated seven years ago, and has stockpiled enough highly-enriched uranium to make several bombs.
Witkoff has also been involved in peace talks on the Russia-Ukraine war, meeting Russian President Vladimir Putin in St Petersburg on Friday.
[BBC]
Foreign News
South Korea’s former first lady sentenced to jail term in bribery case
A South Korean court has sentenced former First Lady Kim Keon Hee to one year and eight months in prison after finding her guilty of accepting bribes from the Unification Church, according to South Korea’s official Yonhap news agency.
The Seoul Central District Court on Wednesday cleared Kim, the wife of disgraced ex-President Yoon Suk Yeol, of additional charges of stock price manipulation and violating the political funds act.
Kim was accused of receiving bribes and lavish gifts from businesses and politicians, as well as the Unification Church, totaling at least $200,000.
The prosecution team had also indicted Unification Church leader Han Hak-ja, now on trial, after the religious group was suspected of giving Kim valuables, including two Chanel handbags and a diamond necklace, as part of its efforts to win influence with the president’s wife.
Prosecutors in December said Kim had “stood above the law” and colluded with the religious sect to undermine “the constitutionally mandated separation of religion and state”.

Prosecutor Min Joong-ki also said South Korea’s institutions were “severely undermined by abuses of power” committed by Kim.
The former first lady had denied all the charges, claiming the allegations against her were “deeply unjust” in her final testimony last month.
But she has also apologised for “causing trouble despite being a person of no importance”.
[Aljazeera]
Foreign News
Plane crash kills prominent Indian politician Ajit Pawar
A plane crash has killed the deputy chief minister of India’s Maharashtra state, Ajit Pawar, the country’s aviation regulator has said.
The plane, which took off from the state capital, Mumbai, on Wednesday, crash-landed at the airport in Pawar’s constituency of Baramati, according to the Directorate General of Civil Aviation (DGCA).
Two members of the prominent politician’s staff and two crew members were also reported to have been killed.
The cause of the crash has not yet been officially confirmed.
Flightradar24, an online flight tracking service, said the aircraft was attempting a second approach to Baramati airport when it crashed.
The Times of India newspaper quoted DGCA officials as saying the aircraft, a Learjet 45 operated by a company called VSR, crashed at about 8:45am local time (03:15 GMT).
The daily said Pawar, the nephew of veteran politician Sharad Pawar, who founded the Nationalist Congress Party (NCP), was on his way to attend a public rally for the district council elections.
A witness quoted by the newspaper said the aircraft exploded moments after hitting the ground.
“When we rushed to the spot, the aircraft was on fire. There were four to five more explosions. People tried to pull the passengers out, but the fire was too intense,” said the witness.

Pawar, 66, built his political base through the grassroots cooperative movement. He was a key figure in state politics and served as the second-highest elected official in Maharashtra, as part of the larger federal governing coalition led by Prime Minister Narendra Modi.
He wielded considerable influence in the state’s vibrant sugar belt and was known for his ability to mobilise rural voters.
[Aljazeera]
Latest News
New circular issued to support disaster-affected Micro, Small and Self-Employed Businesses
A new circular has been issued by the Ministry of Finance, Planning and Economic Development to provide relief to micro, small and self-employed businesses affected by the emergency situation caused by Cyclone Ditwah. The circular has been issued in line with Circular No. 08/2025, which was introduced to restore disrupted livelihoods following the disaster.
The Government programme to empower communities affected by the disaster was introduced through Budget Circular No. 08/2025 dated December 5, 2025. Expanding this relief framework further and ensuring more effective and efficient delivery of assistance, additional circulars No. 08/2025(i) dated December 20, 2025 and No. 08/2025(iii) dated January 22, 2026 have been issued.
The social empowerment programme under the newly issued circular is structured as follows.
Assistance for affected individual, small and micro businesses
A one-time grant to restore businesses damaged by the disaster to a condition suitable for reopening.
LKR 200,000 for individual, small and micro-businesses registered with the Ministry of Industry.
LKR 200,000 for individual, small and micro-businesses registered with the Divisional Secretariat as a business entity.
LKR 50,000 for unregistered home-based businesses operated from a permanent structure.
LKR 50,000 per unit for unregistered production industries, including greenhouses.
LKR 25,000 for temporary business setups, including mobile and street hawking.
A grant will be provided to owners of the commercial buildings affected by the disaster to restore their business premises to operational condition.
A grant of Rs. 500,000/- will be provided to each business building owner who voluntarily opts to receive assistance without a damage assessment.
A grant of up to Rs. 5,000,000/- will be provided to each business building owner who opts to receive assistance after a damage assessment, based on the assessed value of the building.
In addition to the above grants, the following loan facilities have also been provided.
In addition to these grants, the Treasury has introduced a new credit scheme to provide loans for business owners whose enterprises were affected by the disaster, enabling them to restart their operations and meet essential requirements.
Accordingly:
Facilities have been provided for affected businesses to obtain loans ranging from Rs. 250,000 to Rs. 25,000,000 through the banking system at an interest rate of 3%, with a 6-month grace period and repayment over 3 years to restart their operations.
As part of the investment loans for business reconstruction, entrepreneurs whose businesses were damaged can access bank loans of up to Rs. 25 million at an interest rate of 5%, with a 12-month grace period and repayment over 10 years.
-
Business3 days agoComBank, UnionPay launch SplendorPlus Card for travelers to China
-
Business4 days agoComBank advances ForwardTogether agenda with event on sustainable business transformation
-
Opinion7 days agoRemembering Cedric, who helped neutralise LTTE terrorism
-
Business7 days agoCORALL Conservation Trust Fund – a historic first for SL
-
Opinion4 days agoConference “Microfinance and Credit Regulatory Authority Bill: Neither Here, Nor There”
-
Opinion6 days agoA puppet show?
-
Opinion3 days agoLuck knocks at your door every day
-
Features6 days ago‘Building Blocks’ of early childhood education: Some reflections
