World News

Iran war-driven price surge wipes out global oil demand growth in 2026: IEA

Last month, the Paris-based IEA oversaw the release of a record 400 million barrels from emergency oil reserves by members including the US, Japan and Germany in an effort to tame spiralling costs

Earthquake of magnitude 5.7 jolts rural Nevada in US, damage reported

The US Geological Survey said some residents in nearby communities reported strong to very strong shaking and light to moderate damage

Luxury watch industry faces fresh headwinds as Iran war dents demand

Soaring prices for precious metals like gold and silver over the last year and US President Donald Trump's Liberation Day tariffs launched a year ago already affected the market

Asian stocks gain, oil prices fall on hopes of renewed US-Iran talks

Investors are still hopeful for a lasting de-escalation of the Iran war, which is in its seventh week, as the US and Iran are said to be weighing a second round of talks

China export growth slows to 2.5% in March amid Iran war uncertainty

The March export data released by China's customs agency Tuesday missed analysts' estimates and was sharply down from the 21.8 per cent export growth recorded for January and February

World order 'crumbling into disarray': Xi Jinping as Iran war drags on

China has also criticised the military action against Iran and warned it risks plunging West Asia into deeper instability

China's Evergrande Group founder pleads guilty to fraud in downfall

Evergrande Group's founder Hui Ka Yan had been accused of a litany of crimes including illegally absorbing public deposits and fundraising fraud

Pak issues notice to channel for airing Indian content on Asha Bhosle death

Pakistan Electronic Media Regulatory Authority issued the show-cause notice to GeoNews seeking an explanation as to why it aired Indian content along with the news of Bhosle's death

Why Donald Trump's Hormuz blockade is as much about China as Iran

If US enforces the blockade, the Iranian economy will suffer an enormous blow on top of the war destruction and will need to start shuttering oil wells in next few days as its storage tanks fill up

Iran calls US blockade 'gross violation' of sovereignty, urges UN action

Iran's Ambassador to UN Amir Saeid Iravani denounced Washington's move as an 'illegal act of aggression' that threatens regional and international peace and security

West Asia war: Iran offers 5-yr enrichment halt; talks likely on Apr 16

The US and Iran may again hold negotiations on April 16 after Islamabad talks failed; Tehran has offered a 5-year pause on uranium enrichment, shorter than the US's 20-year demand

Trump deletes post seemingly depicting him as Jesus after backlash

Trump said that he posted the image because he thought it showed him as a doctor but didn't explain his decision to delete it

Canadian PM Mark Carney secures majority government in special election

Five defections from opposition parties to Carney, including four from the main opposition Conservative party, put Carney's Liberals on the cusp of the majority

How the US naval blockade of Iran might work and what it could mean

US military has provided few details on how it might carry out President Trump's orders as he seeks to pressure Tehran on a peace deal; but history and established practices offer some clues

US State Secy Marco Rubio likely to join Israel-Lebanon talks in Washington

The negotiations, set to take place at the United States Department of State, will also include US Ambassador to Lebanon Michel Issa and State Department counsellor Michael Needham

US-Iran war: Hormuz blockade tests which side can endure more pain

US President Trump is trying to choke off the country's lifeline with a blockade of the Strait of Hormuz; but the Iranians are betting that his tolerance for political pain is limited

Amazon nears deal to acquire Globalstar in push to rival Musk's Starlink

Globalstar's shares have almost quadrupled in the past year, giving the company a market value of about $9.4 billion

Trump threatens to 'kill' Iranian warships that get near US blockade

Trump later suggested he was willing to engage with Iran, saying he had spoken to 'the other side'

Trump slams US media outlet for 'false narratives' on Iran, demands apology

Trump alleged that despite media portrayals, Iran had been 'totally obliterated, militarily, and otherwise'

'National resistance' shattered enemy dream of Iran's collapse: Pezeshkian

Pezeshkian asserted that the enemies' objective of destabilising Iran had failed, as the Iranian people demonstrated significant resistance and perseverance