The US is readying unprecedented economic measures against Iran, as President Donald Trump seeks to intensify efforts to force Tehran to capitulate after almost six months of war. The president said in a brief interview with Fox News that the US was planning to hit Iran’s economy hard, and that he did not care if the conflict were to end before the November US midterm elections, which would hinge on voter perceptions of the economy. Trump has struggled to find an off-ramp to the war, which has...

Malaysian Prime Minister Anwar Ibrahim said he would speed up the pace of reforms and strengthen an anti-corruption drive as he sought to rebuild public support after a string of electoral defeats and party departures. Anwar acknowledged shortcomings by his administration that had led to frustration among Malaysians. While the economy grew 6 per cent last quarter and unemployment was low, Anwar said he “won’t deny” that Malaysians faced higher living costs. “The economic numbers are not winning...