World News

Pentagon claims US blockade has cost Iran nearly $4.8 bn in oil revenue

The Department of War assessment suggests Iran has been denied close to $5 billion in oil earnings due to disruptions linked to US enforcement operations in the region

'Final proposal' to rescue Spirit Airlines under consideration: Trump

Trump suggested the government would be able to resell the airline known for its bright yellow planes and "no frills" service for a profit once oil prices driven up by the Iran war come down

Trump's pick for surgeon general has both praised and criticised his govt

Saphier has been a more vocal advocate for vaccination than Kennedy, and at times she has criticised the Trump administration's handling of health issues as 'embarrassing'

US approves $8.6 bn arms sales to West Asian allies amid Iran tensions

The approvals come as the US and Israel's war against Iran entered its ninth week since the conflict began, and more than three weeks after a fragile ceasefire took effect

Trump says deadline for Congress to approve Iran war doesn't apply

The message from President Trump effectively skirts a May 1 legal deadline to gain approval from members of Congress to continue the war with Iran

US sanctions China-based crude oil terminal operator for trading Iran oil

The action targets a China-based petroleum terminal operator that has imported tens of millions of barrels of sanctioned Iranian crude oil since February last year

US to withdraw 5,000 troops from Germany in 6-12 months amid Nato feud

Trump wrote Wednesday on social media that the US was reviewing possible troop reductions in Germany, with a "determination" to be made soon

USTR keeps India on IPR watch list; Vietnam faces toughest scrutiny

Placement of a trading partner on the Priority Watch List or Watch List indicates that particular problems exist in that country with respect to IP protection, enforcement, or market access

Iran has sent its latest proposal to US via Pakistani mediators: Report

The development follows Iran's absence from the last round of negotiations, held in Islamabad, aimed at ending the more than two-month-long conflict involving Iran, Israel and the United States

Pentagon ties up with AI firms, keeps Anthropic out over supply-chain risks

The Pentagon labeled the AI start-up, which is widely used across the Department of Defense, a supply-chain risk earlier this year, barring its use by the Pentagon and its contractors

Trump lifts tariffs on British whisky to toast departing King Charles

The President said he would soon be removing tariffs and restrictions related to Scotland's ability to work with Kentucky on whisky and bourbon

Filmmaker loses Oscar trophy after NY airport security dubs it weapon

Russian filmmaker Pasha Talankin said that he had flown more than a dozen times with the Oscar since winning it in March without any incident

May Day rallies worldwide call for peace, higher wages amid Iran war costs

Activists worldwide march in May Day rallies seeking peace, higher wages and better working conditions as workers face rising energy costs and shrinking purchasing power linked to the Iran war

Iran's internet shutdown crushing businesses in already battered economy

Iran's 90 million people have been cut off from the internet for most of 2026, one of the world's longest and strictest national shutdowns

Amid Kohinoor remark, Mamdani faces criticism over UK royals' rude welcome

Many articles slammed NYC mayor Mamdani over 'rude' reception to King Charles, accusing him of disrespecting Britain and prioritising colonial rhetoric over diplomatic courtesy during royal visit

US lawmakers probe Chinese AI firms over exploitation, security risks

Through adversarial model distillation and the rapid global distribution of PRC-developed models, China is working to undercut US leadership, weaken trusted American alternatives

SEC clears Nasdaq plan for benchmark index-linked prediction market options

New York-based exchange operator's products are cash-settled contracts that pay a fixed amount at expiration depending on whether the index finishes above or below a set level

Iran 'dying to make a deal': Trump calls conflict a 'military operation'

Trump's remarks came at a time when Iran threatened fresh strikes if the US resumed the war which has been paused since the warring sides agreed to a ceasefire on April 8

Asian shares gain amid May Day holiday; oil steady near $111 per barrel

Market holidays limited the reaction across Asia on Friday, with the Nikkei up 0.4 per cent and Australian shares adding 0.7 per cent

Trump signals openness to reducing US troops in Spain, Italy amid tensions

Trump's comments were the latest in his attacks on European allies for not doing enough to pay for their own defence and support the US war in Iran