World News

US imposes fresh sanctions on Iran-linked exchange firms, oil vessels

The action is part of the Trump administration's 'Economic Fury' campaign aimed at intensifying pressure on Iran amid the geopolitical standoff due to the conflict in West Asia

42 US aircraft lost or damaged during Op Epic Fury: Congressional report

Military operations against Iran began on February 28, 2026, under the designation Operation Epic Fury in coordination with Israel

US Senate passes resolution to limit Trump's powers to wage war on Iran

Senators approved a motion to discharge the resolution from committee in a 50-47 vote, with four Republican lawmakers joining most Democrats in support of the measure

US State Secy Marco Rubio to visit India from May 23-26 ahead of Quad meet

India is set to host a meeting of Quad foreign ministers next week that is expected to deliberate on pressing global challenges, including the fallout of the West Asia crisis

Nobel-winning economist Edmund Phelps reshaped modern thinking on inflation

The Nobel laureate's work on inflation expectations and unemployment transformed economic policymaking and influenced central banks around the world

OpenAI celebrates court win against Musk, but more challenges lie ahead

A US court victory against Elon Musk has removed one obstacle for OpenAI's IPO ambitions, but rising competition, copyright cases and safety concerns continue to mount

West Asia crisis: Russian oil waiver extension a huge relief, say experts

he US has extended sanctions waiver on Russian oil purchases till June 17, easing pressure on Indian refiners reliant on discounted crude imports

Putin heads to China days after Trump's visit as Beijing balances ties

Putin is scheduled to be in China on Tuesday and Wednesday in a visit likely to be closely watched as Beijing seeks to maintain stable relations with US while also preserving strong ties with Russia

Trump says Iran wants deal but fresh US strikes remain possible soon

US President Donald Trump said Washington could attack Iran again within days if Tehran fails to agree to a deal, even as Iran seeks sanctions relief and an end to hostilities

Ebola outbreak in Congo kills 131, over 500 suspected cases reported

World Health Organisation (WHO) on Sunday declared the Ebola outbreak a public health emergency of international concern

Peace deal seeks reparations for war damage, US troop withdrawal, says Iran

The terms as described in the Iranian reports appeared little changed from Iran's previous offer, which US President Donald Trump rejected last week as 'garbage'

OpenAI avoids costly court loss to Elon Musk, but both sides left bruised

Musk had accused OpenAI, Altman and his top lieutenant Greg Brockman of betraying a shared vision for it to remain a nonprofit dedicated to guiding AI's development for the good of humanity

Japan's economy expands at 2.1% annual pace, boosted by consumer spending

Private consumption rose 0.3 per cent quarter-on-quarter, or at an annualised rate of 1.1 per cent, according to the preliminary data from the Cabinet Office

US to host G20 foreign ministers' meeting in Atlanta on October 30-31

The meeting will bring together foreign ministers from the world's leading economies to advance the G20'scoremission of promoting global stability and prosperity

Trump threatens Iran, then pulls back from planned strikes, all in same day

President Trump has repeatedly said he'll restart military action against Iran, only to stop short of plunging the United States directly back into an unpopular war

Philippines to be involved in any Taiwan conflict due to proximity: Marcos

Philippines, which has a territorial dispute with Beijing over the South China Sea, is increasing its engagement with China to help maintain peace, Marcos said

From medical tourism to casinos, Southeast Asia hit hard by oil shock

The aviation industry is among the hardest hit as more expensive tickets disrupt travel demand.

Trump admin targets Cuba's leaders, generals and spies with new sanctions

The punitive action is part of the president and Secretary of State Marco Rubio's push to squeeze the island's economy, most notably through a de facto energy blockade

StanChart planning to lay off thousands of support staff amid AI push

London-headquartered bank said it would cut corporate functions roles by more than 15 per cent by 2030 and scale practical uses of AI to streamline processes

NYT sues Pentagon for second time over Hegseth's media restrictions

On X, Defence Department spokesperson Sean Parnell called the NYT's latest lawsuit 'nothing more than an attempt to remove the barriers to them getting their hands on classified information'