World News

United Airlines flight hits pole on highway before landing at Newark

United Flight 169 from Venice, Italy, hit a pole on the New Jersey Turnpike around 2 pm local time Sunday before touching down

Ship struck by projectiles in Strait of Hormuz, says British military

The British military issued the alert, saying a tanker had been targeted off Fujairah, United Arab Emirates, in the strait around 11:40 pm Sunday

US sanctions suffocating Iran economy, oil infra starting to creak: Bessent

Bessent suggested that the Iranian petroleum sector is facing an imminent crisis and may be forced to begin shutting in wells in the next week, as the nation's crude storage is 'rapidly filling up'

Three dead after suspected hantavirus outbreak on cruise ship in Atlantic

WHO said an investigation was underway but that at least one case of hantavirus had been confirmed

US announces 'Project Freedom' to escort stranded ships through Hormuz

At the same time, Trump said that his representatives were having positive discussions with Iran, which could lead to something 'positive for all'

Canada declares Khalistan extremists as 'national security threat'

Khalistani extremist groups demand the creation of a sovereign state within India and are designated as terrorist organisations by New Delhi because of their involvement in separatist activities

Airlines scramble to help stranded Spirit flyers after carrier collapses

Spirit Airlines ceased operations on Saturday following a doubling in jet fuel prices due to Iran war

Opec+ agrees to third oil output quota hike since Hormuz closure

Seven members to raise output targets by 188,000 bpd in June

Iran sends new proposal to US; US President Donald Trump warns of strikes

Asked if he might restart strikes on Iran, Trump replied: "I don't want to say that. I mean, I can't tell that to a reporter. If they misbehave, if they do something bad, right now we'll see"

ADB launches $70 bn push to connect Asia's power grids, digital networks

The bank announced two major programmes -- the Pan-Asia Power Grid Initiative and the Asia-Pacific Digital Highway -- with proposed investments of $50 billion and $20 billion, respectively

Iran presses for end to war within 30 days; Trump expresses doubts

President Donald Trump said on Saturday that he was reviewing a new Iranian proposal to end the war, but also expressed doubt it would lead to a deal

Foxconn launches second-generation satellites via SpaceX Falcon 9

The company's PEARL-1A and PEARL-1B satellites entered their intended orbits and will conduct on-orbit missions for five years, it said

UK sets out fuel contingency plans for flights amid US-Iran conflict

The Department for Transport (DfT) issued a series of temporary plans amid ongoing jet fuel supply issues caused by the US-Iran conflict and the blockade of the Strait of Hormuz

Berkshire after Buffett: CEO Greg Abel signals patience on record cash pile

At his first Berkshire annual meeting as CEO, Greg Abel said the conglomerate would avoid bureaucracy, keep its structure intact and deploy capital only with discipline

US troop withdrawal announcement adds to friction between Europe, Trump

Trump's decision comes as he seethes at European allies over their unwillingness to join his campaign with Israel against Iran

Trump reviews Iran's new proposal, says deal unlikely to be acceptable

Trump posted on social media about the new proposal, saying he "can't imagine that it would be acceptable in that they have not yet paid a big enough price for what they have done to Humanity

India, Nepal draft roadmap for flood control, irrigation cooperation

The discussion took place at the two-day 11th meeting of the India-Nepal Joint Committee on Kosi and Gandak Projects, which concluded in Kathmandu on Friday

Vikram Doraiswami reaches China to take charge as India's new envoy

His appointment in March this year evoked considerable interest in the Chinese official media and the Chinese strategic community

US warns shipping firms of sanctions over paying Iranian tolls in Hormuz

Iran closed the strait and later began offering some ships safe passage by detouring them through alternate routes closer to its shoreline, charging fees at times for the service

Berkshire cash pile hits record $397 bn in Greg Abel's first quarter as CEO

After a slight decrease late last year, the firm's cash hoard jumped in the first quarter as it offloaded a net $8.1 billion of equity holdings in the period