ANNOUNCEMENT
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REPORTS
UK budget announcement spells more pain for Brits
In London, finance minister Rachel Reeves unveiled a budget bringing more taxpayer pain amid a weak economy.
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DEFENSE
Iran to launch domestically-built Pars 1 research satellite into orbit
Iran's minister of Communications and Information Technology says the homegrown Pars 1 research satellite is set to be launched into space on Thursday.
BUSINESS
Saudi Arabia to slash oil output to 9 mln bpd from July
Saudi Arabia is to cut another 0.5 million bpd of its crude oil output in July to reinforce oil prices.
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