World News

ADB launches $70 bn push to connect Asia's power grids, digital networks

The bank announced two major programmes -- the Pan-Asia Power Grid Initiative and the Asia-Pacific Digital Highway -- with proposed investments of $50 billion and $20 billion, respectively

Iran presses for end to war within 30 days; Trump expresses doubts

President Donald Trump said on Saturday that he was reviewing a new Iranian proposal to end the war, but also expressed doubt it would lead to a deal

Opec+ likely to approve third oil output quota hike since Hormuz closure

Seven Opec+ countries have agreed in principle to raise oil output targets by about 188,000 barrels per day in June, the third consecutive monthly increase

Foxconn launches second-generation satellites via SpaceX Falcon 9

The company's PEARL-1A and PEARL-1B satellites entered their intended orbits and will conduct on-orbit missions for five years, it said

UK sets out fuel contingency plans for flights amid US-Iran conflict

The Department for Transport (DfT) issued a series of temporary plans amid ongoing jet fuel supply issues caused by the US-Iran conflict and the blockade of the Strait of Hormuz

Berkshire after Buffett: CEO Greg Abel signals patience on record cash pile

At his first Berkshire annual meeting as CEO, Greg Abel said the conglomerate would avoid bureaucracy, keep its structure intact and deploy capital only with discipline

Trump warns of possible US strikes on Iran if Tehran 'misbehaves'

Asked if he might restart strikes on Iran, Trump replied: "I don't want to say that. I mean, I can't tell that to a reporter. If they misbehave, if they do something bad, right now we'll see"

US troop withdrawal announcement adds to friction between Europe, Trump

Trump's decision comes as he seethes at European allies over their unwillingness to join his campaign with Israel against Iran

Trump reviews Iran's new proposal, says deal unlikely to be acceptable

Trump posted on social media about the new proposal, saying he "can't imagine that it would be acceptable in that they have not yet paid a big enough price for what they have done to Humanity

India, Nepal draft roadmap for flood control, irrigation cooperation

The discussion took place at the two-day 11th meeting of the India-Nepal Joint Committee on Kosi and Gandak Projects, which concluded in Kathmandu on Friday

Vikram Doraiswami reaches China to take charge as India's new envoy

His appointment in March this year evoked considerable interest in the Chinese official media and the Chinese strategic community

US warns shipping firms of sanctions over paying Iranian tolls in Hormuz

Iran closed the strait and later began offering some ships safe passage by detouring them through alternate routes closer to its shoreline, charging fees at times for the service

Berkshire cash pile hits record $397 bn in Greg Abel's first quarter as CEO

After a slight decrease late last year, the firm's cash hoard jumped in the first quarter as it offloaded a net $8.1 billion of equity holdings in the period

Berkshire shareholders gather for Greg Abel's first annual meeting

Prior to the meeting, thousands of people lined up outside a downtown arena before doors opened at 7 a.m., though the lines were considerably shorter than in recent years

US to withdraw 5,000 troops from Germany in 6-12 months amid Nato feud

Trump wrote Wednesday on social media that the US was reviewing possible troop reductions in Germany, with a "determination" to be made soon

Trump prefers not to strike Iran even as frustration over talks mounts

Speaking in Florida, Trump said, 'Maybe we're better off not making a deal at all,' without elaborating, he added, 'we can't let this thing go on'

US troop cut underlines European defence responsibility: German minister

In response to heavy criticism from Washington over defence spending, European ‌Nato members, including Germany, have pledged to ‌take on more responsibility for their own ‌defence

Spirit Airlines shuts down ops due to Iran war-driven fuel crisis

The collapse of the first carrier due to a doubling in jet fuel prices during the two-month-old Iran war will cost thousands of jobs

Iran inflicts 'unprecedented damage' to US bases in West Asian countries

US military bases in West Asian nations has become Achilles heel as Iran inflicts 'unprecedented damage'

Tech giants Microsoft, Amazon hand Pentagon more control over AI systems

Nvidia Corp., Microsoft Corp., Reflection AI Inc. and Amazon.com Inc. have all newly struck agreements with the US Defence Department 'for lawful operational use' of its AI systems