World News

First LNG tanker exits Strait of Hormuz along Omani coast since war

LNG ships have avoided Hormuz since the conflict broke out on Feb. 28, disrupting about a fifth of the world's supply of the fuel

Trump budget seeks 10% cut in discretionary spend, defence outlay $1.5 trn

The president's proposed budget changes need to be approved by the U.S. Congress, which requires bipartisan support, and the spending requests are often treated by lawmakers as suggestions

US pilot ejected over southwest Iran, claims Iranian TV affiliate

The US did not respond immediately to requests for comment over the claim

US employment growth rebounded in March; unemployment rate falls to 4.3%

The labor market has been buffeted by uncertainty, starting with President Donald Trump's aggressive import tariffs

Oil tanker headed for India shifts course to China amid payment concerns

Iranian crude tanker reroutes from Gujarat to China amid tightening payment terms, underscoring rising sensitivity of oil trade flows during West Asia tensions

Crude sustaining above $100 will push inflation beyond 6%, says HSBC

Amid speculation ahead of next Wednesday's monetary policy announcement on whether the RBI uses interest rates to defend the rupee, the report suggested risks of such a move

Why insurers are turning to hedge funds to cover AI data centre risks

As billions flow into AI data centres, insurers are turning to hedge funds and private investors through catastrophe bonds to help cover disasters, cyber attacks and other risks

China to regulate 'digital humans', bans addictive services for children

China proposes strict rules for digital humans, mandating labels, curbing misuse and protecting minors amid rapid AI expansion

Israel reopens largest gas field after West Asia war shut it for a month

Israel had ordered the temporary shutdown of some gas fields as a security measure after the conflict broke out on Feb 28

Iranian drones strike Kuwait's Mina al-Ahmadi oil refinery, fire reported

The state-run Kuwait Petroleum Corp. issued a statement on the attack and said firefighters were working to control the blazes

Drone company backed by Trump sons targets Gulf sales amid Iran war

The sales drive by Florida-based Powerus which announced a deal last month to bring aboard Eric Trump and Donald Trump Jr positions the company to potentially benefit from the war

Pakistan hikes petrol, diesel prices by record 43% and 55% amid Iran war

The price of petrol has been increased by PKR 137.23 per litre (42.7%) to PKR 458.41 from PKR 321.17, while HSD by PKR 184.49 per litre (55%) to PKR 520.35 from PKR 335.86, with immediate effect

Myanmar parliament elects ruling general Min Aung Hlaing as new president

The move marks a nominal return to an elected government but is widely considered to be an effort to keep the army in power

French, South Korean leaders agree to work together on Strait of Hormuz

Their summit in Seoul came as US President Donald Trump slammed allies for not supporting the US and Israeli war against Iran

Indian-origin Bodhana Sivanandan becomes England's top female chess player

The 11-year-old, whose parents moved from Tiruchirappalli in Tamil Nadu to England in 2007, has 2366 FIDE rating points

Satellite imagery shows damage at Iran's Qeshm port after US-Israel strikes

Smoke was seen rising from a port area on the island on Thursday

Iran strikes targets across West Asia, US-Israel hit Tehran as war rages

Iran's attacks on Gulf region energy infrastructure and its tight grip on the Strait of Hormuz have sent oil prices skyrocketing and are impacting global economies

Trump immunity ruling brings focus on Indian-origin judge Amit Mehta

Mehta, a federal judge of the US District Court, in 2022 rejected Trump's effort to dismiss three lawsuits accusing him of bearing responsibility for Jan 6 attack on US Capitol

US tariffs on medicines decoded: Why Washington wants pharma production back

The US plans tariffs of up to 100 per cent on imported medicines to reduce foreign dependence and boost domestic manufacturing, a move that could reshape global pharmaceutical supply chains

Oil prices surge on Iran war risks; Asian markets trade cautiously

Wall Street, where trading is closed Friday, finished its first winning week since the start of the Iran war, although trading started out with a decline driven by a surge in oil prices