Page 8 - Bloomberg/reuters

US-Iran peace negotiations stall as conflict approaches two-month mark

While a ceasefire has mostly held since early April, both countries are maintaining a blockade on the Strait of Hormuz, making the key energy chokepoint virtually impassable

US Fed, G7 central banks likely to keep interest rates on hold this week

Three days of decisions in Washington, Ottawa, London, Frankfurt and Tokyo are widely anticipated to result in unchanged borrowing costs across the club of rich nations

Trump's renewed crypto push fails to stop his memecoin's deep slide

In his speech, Trump reiterated support for passing the crypto market-structure legislation known as the Clarity Act, which has stalled in Congress

Luxury giants slump as West Asia demand seizes up due to prolonged war

Shoppers in the West Asia are some of the world's biggest spenders, splashing out at retail hubs like Dubai and other luxury destinations including Paris and Milan

Elon Musk drops fraud claims against OpenAI, Altman ahead of trial

US District Judge agreed to Musk's request to 'streamline' the case, leaving just two claims to proceed to trial of the 26 included in his November 2024 complaint

SBI Funds Management likely to start marketing $1.5 billion IPO next week

SBI Funds Management plans a major IPO that could raise $1.5 billion, marking one of India's biggest asset management listings in recent years

Rupee 'fundamentally undervalued,' levels may attract investors: CEA

The currency has given up much of the gains fueled by the central bank's recent measures to curb speculative arbitrage bets that had pushed the rupee to record lows last month,

Iranian Foreign Minister heads to Pakistan as Hormuz standoff deepens

Iran's top diplomat heads to Pakistan as Hormuz tensions deepen, with US blockade, stalled talks, and oil supply disruptions intensifying the regional crisis

Israel PM Netanyahu says he underwent successful prostate cancer treatment

The tumor was discovered during a routine check-up after surgery for an enlarged benign prostate a year and a half ago, he said

India ramps up refinery output to cope with enduring cooking gas crisis

India has raised local output by over a fifth since strikes on Iran began in February, to about 46,000 tons a day

Paris Airport Group slashes stake in India's GMR in $1 billion deal

ADP will sell 3.4 per cent of its shares for €256 million and receive a put option to sell an additional 3.9 per cent for about €285 million

DeepSeek rolls out new flagship AI model a year after breakthrough

The Chinese startup unveiled the V4 Flash and V4 Pro preview series, touting top-tier performance in coding benchmarks and big advancements in reasoning and agentic tasks

Indonesia rules out levies for Malacca shipping, backs open sea lanes

The Strait of Malacca, which runs between Indonesia, Malaysia and Singapore, is one of the world's busiest shipping lanes and a strategic bottleneck for Asia

India needs two time zones to electrify its future, reduce energy stress

The load on the national grid would get less spiky if the entire nation doesn't simultaneously ramp up electric stoves, EV chargers, and high-intensity cooling in factories and data centres

Trump's order to attack Iran gunboats highlights danger of 'mosquito fleet'

The target, Iran's so-called 'mosquito fleet', has been known to US officials for years and weapons testers have regularly evaluated new warships' ability to counter it

Meta, Microsoft plan job cuts, buyouts that may affect up to 23,000 roles

Meta told personnel in an internal memo on Thursday that it planned to cut 10 per cent of workers, or roughly 8,000 employees, starting on May 20

Tens of thousands of Samsung workers rally, demand bigger AI profit share

Workers have pointed to rising payouts at SK Hynix, which last year agreed to allocate 10 per cent of its annual operating profit to a performance bonus pool

US Navy Secretary ousted after infighting with top Pentagon leaders

A White House official said Trump and Hegseth agreed new leadership was needed over the Navy

Singapore Airlines deepens role at Air India amid losses, safety concerns

While relying on its minority shareholder for operational support, Tata Group, which owns 74.9% of Air India, is focusing on commercial, human resources, finance and information technology functions

Trump 'gold card' visa granted to only one person so far, says Lutnick

The president has promoted the Gold Card visa program as a critical way of attracting talent to the US. Visa recipients pay $1 million to receive US residency