World News

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

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

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

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

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

Trump admin says war in Iran has been 'terminated' before 60-day deadline

While the ceasefire has since been extended, Iran maintains its chokehold on the Strait of Hormuz, and the US Navy is maintaining a blockade to prevent Iran's oil tankers from getting out

Trump to remove scotch whiskey tariffs in 'honour' of UK royals' visit

Trump added that the decision was driven by longstanding trade ties between the two regions, particularly in barrel production and the whiskey supply chain

Elon Musk's Tesla compensation totals reaches $158 billion for 2025

Tesla reported the 2025 total in a regulatory filing Thursday, almost six months after more than 75% of voting shares supported the chief executive officer's massive stock award

Texas AG Ken Paxton launches probe in 'ghost offices' in alleged H-1B fraud

The companies under investigation include Tekpro IT LLC, Fame PBX LLC, 1st Ranking Technologies LLC, Qubitz Tech Systems LLC, Blooming Clouds LLC, Virat Solutions, Inc., Oak Technologies Inc, Techpath

US House votes to end DHS shutdown as Senate grills Hegseth on Iran

The bipartisan package would end the agency's longest shutdown and avoid another round of airport disruptions

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's supreme leader vows to protect nuclear, missile capabilities

In his remarks, Khamenei seemed to signal Iran would maintain its control over the waterway, which sits in the territorial waters of Iran and Oman

Alphabet, Amazon outpace Meta in AI race during earnings bonanza

On that front, Google was able to point to solid growth at its cloud computing unit, which recorded sales of $20 billion last quarter

Why Powell chose a high-stakes path to stay at Fed after chair term ends

The question now is whether Powell's continued presence at the Fed will further inflame tensions between the administra- tion and the central bank