World News

G7 finance ministers look to contain economic fallout from Iran war

Officials discuss oil-price shock, sanctions on Iran, inflation risks and support for Ukraine amid growing global economic uncertainty

US issues 30-day general licence to provide access to Russian oil: Bessent

Treasury Secretary Scott Bessent says 30-day extension will help stabilise crude markets and support countries affected by Gulf supply disruptions

Adani settles alleged Iran sanctions violation case with US Treasury

The settlement does not constitute a finding of guilt or wrongdoing and resolves all related liabilities

US deportation push separated 100,000 families, report estimates

Brookings Institution analysis says most children affected by immigration enforcement are likely US citizens

Elon Musk says he will not sell SpaceX stake ahead of planned IPO launch

SpaceX could file publicly for a record-breaking IPO next week at a valuation exceeding $2 trillion

China's economic slowdown revives calls for stronger stimulus measures

Weak retail sales, industrial output and investment data raise pressure on Beijing to step up policy support amid global energy turmoil

Iran war saddles global companies with over $25 billion in losses so far

Rising oil prices, supply disruptions and shipping bottlenecks are forcing companies to cut output, raise prices and suspend payouts

Pakistan conveys revised Iranian peace proposal to US amid fragile truce

Fragile ceasefire remains under strain as Tehran, Washington continue to differ over nuclear programme and Strait of Hormuz

PM Modi conferred Norway's top civilian honour, his 32nd global award

The Grand Cross is the highest grade of the Royal Norwegian Order of Merit. It is awarded for exceptional service in advancing Norway's interests and international relations

Deeply concerned: India on drone strike near UAE's Barakah nuclear plant

No one has claimed responsibility for the attack. The UAE's Ministry of Defence said it is working to determine the source of the drone strike

Norway stood firmly with India against terrorism in difficult times: Modi

Speaking after talks with Norwegian Prime Minister Jonas Gahr Støre, Modi said India and Norway shared a common belief in a rules-based global order

Iran announces new authority to regulate shipping, tolls through Hormuz

Iran's top security body said the newly formed Persian Gulf Strait Authority (PGSA) would regulate and administer transit operations in the Strait of Hormuz

Congo announces 3 Ebola treatment centres in Ituri amid ongoing outbreak

Although the outbreak is centred in Ituri, cases have been reported in the capital, Kinshasa, and in Goma, the largest city in eastern Congo

5.2 magnitude quake in south China kills 2, damages buildings in Guangxi

At least 13 buildings collapsed, while landslides triggered by the quake blocked roads to the area, according to the Chinese media

Oil touches 2-week high after drone attack on UAE nuclear power plant

Brent ‌crude futures climbed $1.65, or 1.51 per cent, to $110.91 a barrel by 0703 GMT, but were off the $112 they had touched earlier for their highest since May 5

Trump filing reveals investments in sushi chain, Nvidia, Apple and Amazon

The filing shows that he or his investment advisers made more than 3,700 trades in the first quarter, reigniting conflict-of-interest concerns around the Trump administration

Hantavirus-stricken cruise ship expected to arrive in Netherlands today

The outbreak on the ship has reached 11 cases, nine of which have been confirmed, according to the World Health Organisation

Russia expands LNG dark fleet with four tankers to ramp up Arctic exports

The developments mean that there are now at least 20 tankers being used to ferry LNG from sanctioned Russian projects

Iran war cripples Qatar's gas-powered economy as Hormuz crisis deepens

Iranian attacks and the stoppage of seaborne transit have paralyzed Qatar's vital gas exports, stalling the economic pivots intended to anchor the country's growth

China's April growth slows as factory output, retail sales miss forecasts

Retail sales, a gauge of consumption, rose just 0.2 per cent in April, cooling sharply from 1.7 per cent in March and marking the weakest gain since December 2022