World News

A wave of oil from the Persian Gulf set to leave Asian refiners swamped

Around 31 supertankers, capable of carrying about 62 million barrels of crude, are stuck inside the Persian Gulf and set to sail out once the waterway opens up

Large-scale Ukraine drone attack hits Moscow refinery, Russia fires back

The attack is the second in just a few days after a drone strike on Tuesday halted operations at the refinery

Pentagon chief urges Europe to take lead as he pushes a 'Nato 3.0' reboot

His remarks came a few weeks after the UnAt a meeting of Nato defence ministers, Hegseth called for a reboot of the 32-nation organisation to turn it into a "NATO 3.0" capable of deterring any threat.

From war to diplomacy: Versailles and the treaties that shaped history

US President Donald Trump's signing of the US-Iran deal at Versailles has renewed focus on the palace's long history as a venue where wars ended and major diplomatic decisions were made

Oil and gas ships resume Strait of Hormuz transit after US-Iran peace deal

Traffic through the Strait was light, with smaller cargo vessels passing through, hours after Trump said he had signed the deal with Iran that involved a rapid reopening of the critical waterway

UK bypoll could hasten the rise of Andy Burnham and the end for Starmer

Voters in England's Makerfield district are choosing a new lawmaker, with Labour's Andy Burnham widely seen as the frontrunner and a leading contender for the prime minister's post

PM Modi, Trump push for early India-US trade deal; Greer to visit next week

US Trade Representative, Jamieson Greer, will be visiting India next week to take forward the talks on the proposed trade deal

Taiwan says Chinese pressure on countries over it is 'new normal'

In recent months, Beijing has ramped up a campaign of pressuring other countries to limit the access of Taiwanese officials or delegates to various events

Microsoft builds strong AI presence in China by selling OpenAI models

Social media and AI giant ByteDance Ltd. has generally been Microsoft's biggest AI customer in recent years, largely using OpenAI models

Trump blows through long-held red lines on Iran to secure peace deal

Trump's support for deal has drawn attention as it appears to permit uranium enrichment, ballistic missiles and access to frozen funds-issues he had criticised as major flaws in past Iran agreements

Kevin Warsh puts stamp on Fed with immediate changes to usual routine

The changes underscored the new chairman's intent to deliver immediately on past criticisms of the practice of offering 'forward guidance' on the future path of interest rates

President Lula warns Trump against interfering in Brazil's elections

Lula has frequently defended Brazil's sovereignty since Trump imposed tariffs on the country last year citing a 'witch-hunt trial' against his ally, former President Jair Bolsonaro

Apple may raise product prices due to memory chip shortage: CEO Tim Cook

Apple is reportedly on track to release its first foldable iPhone in September, alongside the iPhone 18 Pro and Pro Max

Unfair to deny Iran ballistic missiles if other nations have them: Trump

The US and Israel launched the war on Iran on February 28, assassinating the 86-year-old Supreme Leader Ayatollah Ali Khamenei and military leaders on the first day

Trump's Iran deal falls short of his demand for 'unconditional surrender'

While the Iranians suffered substantial losses in the war, they emerged from a confrontation with the world's most powerful military, having proved they can use economic chaos as a weapon

US-Iran deal seeks uranium curbs, sanctions relief, Hormuz reopening

The document also has provisions to ensure the territorial integrity of Lebanon after Israel's latest attacks against Hezbollah in Lebanese territory

US-Iran deal takes 'immediate effect' after both sides sign: Pakistan PM

Pakistani Prime Minister Shehbaz Sharif said leaders of both the US and Iran had signed the agreement and endorsed him as a mediator

PM Modi, Zelenskyy discuss trade, bilateral ties on sidelines of G7 Summit

Following the meeting, PM Modi said the two leaders discussed various aspects of India-Ukraine cooperation and reaffirmed the importance of peace and dialogue

US, Iran unveil 14-point interim pact to halt conflict, reopen Hormuz

Agreement sets stage for 60-day negotiations on sanctions relief, nuclear programme and regional security

Fed begins Warsh era by keeping rates on hold, sees a hike later this year

The Fed kept rates unchanged but signalled a possible hike later this year as inflation concerns persisted under new Chair Kevin Warsh