World News

Trump signals openness to reducing US troops in Spain, Italy amid tensions

Trump's comments were the latest in his attacks on European allies for not doing enough to pay for their own defence and support the US war in Iran

Asian markets rebound as oil cools, strong earnings lift tech stocks

Market holidays limited the reaction across Asia on Friday, with the Nikkei up 0.4 per cent and Australian shares adding 0.7 per cent

Trump admin says war in Iran has been 'terminated' before 60-day deadline

While the ceasefire has since been extended, Iran maintains its chokehold on the Strait of Hormuz, and the US Navy is maintaining a blockade to prevent Iran's oil tankers from getting out

Trump to remove scotch whiskey tariffs in 'honour' of UK royals' visit

Trump added that the decision was driven by longstanding trade ties between the two regions, particularly in barrel production and the whiskey supply chain

Elon Musk's Tesla compensation totals reaches $158 billion for 2025

Tesla reported the 2025 total in a regulatory filing Thursday, almost six months after more than 75% of voting shares supported the chief executive officer's massive stock award

Texas AG Ken Paxton launches probe in 'ghost offices' in alleged H-1B fraud

The companies under investigation include Tekpro IT LLC, Fame PBX LLC, 1st Ranking Technologies LLC, Qubitz Tech Systems LLC, Blooming Clouds LLC, Virat Solutions, Inc., Oak Technologies Inc, Techpath

US House votes to end DHS shutdown as Senate grills Hegseth on Iran

The bipartisan package would end the agency's longest shutdown and avoid another round of airport disruptions

Iran 'dying to make a deal': Trump calls conflict a 'military operation'

He asserted that US actions had significantly degraded Iran's military capacity, saying, 'Their navy's gone. Their air force is gone, their drone factories are about 82 per cent down'

USTR keeps India on IPR watch list; Vietnam faces toughest scrutiny

Placement of a trading partner on the Priority Watch List or Watch List indicates that particular problems exist in that country with respect to IP protection, enforcement, or market access

Iran's supreme leader vows to protect nuclear, missile capabilities

In his remarks, Khamenei seemed to signal Iran would maintain its control over the waterway, which sits in the territorial waters of Iran and Oman

Alphabet, Amazon outpace Meta in AI race during earnings bonanza

On that front, Google was able to point to solid growth at its cloud computing unit, which recorded sales of $20 billion last quarter

Why Powell chose a high-stakes path to stay at Fed after chair term ends

The question now is whether Powell's continued presence at the Fed will further inflame tensions between the administra- tion and the central bank

US jobless claims fall to decades low as layoffs stay largely subdued

Continuing claims, a proxy for the number of people receiving benefits, dropped to 1.79 million in the previous week, the lowest in two years

US Q1 GDP growth rises 2% as Iran war clouds outlook, fuels inflation

Gross domestic product increased at a 2.0 per cent annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said in its advance GDP estimate on Thursday

Alphabet's Q12026 sales at $94.7 bn, Google Cloud sees 63% revenue surge

Alphabet shares jumped 7.6% to $376.35 in early trading in New York on Thursday. The stock had risen 12% this year through Wednesday's close

BOE holds rates at 3.75%, warns Iran war may need forceful rate hikes

The Bank of England held interest rates at 3.75 per cent and flagged risks to inflation from the Iran conflict, particularly through higher energy and food costs

Mojtaba Khamenei says new phase ahead for Gulf, Strait of Hormuz after war

Iran's Supreme Leader signals a 'new phase' in the Gulf, raising concerns over Strait of Hormuz security and global oil supply disruptions

Iran conflict creates two-speed diesel market across Asian economies

Asia typically sources most of its diesel from plants within the region, which in turn rely on flows of crude from West Asia for a substantial share of their input

Hezbollah adopts new weapon: Fibre-optic drones, used widely in Ukraine war

Hezbollah - the Iran-backed militant group in Lebanon - has mostly been using the fibre optic drones on Israeli soldiers operating in southern Lebanon or towns on the border

US shifted from 'managing world's energy' to 'disruption' strategy: IRGC

IRGC said that the disruption project was launched by the US to contain China, Russia and Europe