World News

EU ready to implement Mercosur trade deal despite parliament vote to delay

The EU would be ready to act as soon as at least one Mercosur country ratifies, European Commission President Ursula von der Leyen said

Stable policies power India's rise as fastest-growing major economy: CG

Consul General in Shanghai Pratik Mathur also highlighted initiatives like Make in India and Digital India as important drivers of India's rise through the global rankings

Icebreakers, key to unlock Greenland, built only by US allies or rivals

China currently has five icebreakers compared to the US's three, and is rapidly building more as they expand their ambitions in the Arctic, said Marc Lanteigne, a professor at the University of Tromso

Supreme Court signals limits on Trump's power over Federal Reserve

While backing the president's authority to fire leaders of independent agencies, the court appears poised to protect the Fed's independence in a case involving Governor Lisa Cook

Key events from WEF 2026: Carney's speech, Macron's sunglasses, and more

Over the last four days, global leaders from across the world, including India, China, the United States, and Europe, gathered at the forum in Davos, Switzerland

First US-Russia-Ukraine trilateral talks to be held in UAE from today

The US, Ukraine and Russia will hold their first trilateral meeting in the UAE, as efforts to end the Ukraine war intensify following talks between President Donald Trump and Volodymyr Zelenskyy

Trump hints at invoking Nato's Article 5 to address illegal immigration

Trump has proposed invoking Nato's Article 5 to protect America's southern border, questioning whether the alliance would defend the US while reiterating concerns over illegal immigration

Asian shares, US futures gain as BOJ keeps its key interest rate unchanged

Chinese markets also saw moderate gains as the Hang Seng in Hong Kong added 0.3 per cent to 26,718.13, while the Shanghai Composite index also was up 0.3 per cent, at 4,133.58

Trump withdraws Canada's invite to join Board of Peace after Davos face-off

US President announced the move in a Truth Social post, a day after formally launching the Board of Peace at the World Economic Forum in Davos

Putin meets Trump's envoys as Kremlin links Ukraine settlement to territory

Witkoff and Kushner were joined by Josh Gruenbaum, the head of the Federal Acquisition Service who serves as a senior adviser on Trump's Board of Peace that Russia has been invited to join

Over 5,000 killed in Iran's protest crackdown as US moves warships closer

The US-based Human Rights Activists News Agency offered the death toll, adding that more than 26,800 people had been detained in a widening arrest campaign by authorities

'Massive fleet heading towards Iran': Trump renews warning to Tehran

US President Donald Trump said American warships are moving towards Iran as tensions rise over protests and nuclear concerns, adding the US is ready to act if Tehran escalates

For every $1 spent on protecting nature, $30 went into destruction: UNEP

Despite climate and biodiversity risks, a UN report finds the world spent $7.4 trillion damaging nature in 2023, around 30 times more than it invested in protecting ecosystems

US moves to rewrite defence pact to expand military presence in Greenland

White House spokeswoman Anna Kelly said that if the deal goes through, the US would achieve all its strategic goals in Greenland 'at very little cost, forever,' adding that Trump is hopeful about it

JPMorgan raises CEO Jamie Dimon's pay by 10.3% to $43 million for 2025

The bank has been benefiting from heightened volatility in markets fueling trading activity among its clients, as well as an uptick in dealmaking

Trump says Federal Reserve chair interviews done, has pick in mind

Trump's shortlist includes National Economic Council Director Kevin Hassett, BlackRock executive Rick Rieder, current Fed Governor Christopher Waller and a former governor, Kevin Warsh

WEF 2026 Day 5: Key speakers and major discussions at Davos today

Topics scheduled for discussion include protecting scientific freedom, the future of the internet, mental health, and geopolitical risk outlook for 2026, among others

US walks away from WHO leaving behind $260 million in unpaid dues

The withdrawal notice left the health organisation without its top donor. Between 2022 and 2023, the US contributed nearly $1.3 billion to the WHO

Amazon to cut thousands more jobs in efforts to streamline bureaucracy

The cuts, conducted in rounds on either side of Amazon's busy holiday quarter, echo layoffs the Seattle-based company instituted in late 2022 and early 2023 that ultimately snared about 27,000 people

Woman shot during immigration stop sentenced for illegally entering US

A woman shot and wounded by a Border Patrol agent during an immigration stop in Portland pleaded guilty to illegal entry and was sentenced to one year of probation by a federal court