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US sees first combat loss of valuable E-3 AWACS jet after Iranian strike

The so-called AWACS plane, which has a rotating radar disc mounted above its fuselage, is used to spot distant threats and direct other combat aircraft

RBI's boldest currency move in years brings rupee only brief relief

The intervention underscores the RBI's shrinking flexibility, as foreign-exchange reserves have shrunk in the first three weeks of March amid efforts to defend the rupee following the Iran conflict

Chinese cargoes signal fuel relief for Asian neighbours despite curbs

China, a major Asian fuel exporter, halted overseas oil product sales, forcing refiners to cancel or renegotiate shipments to prioritise domestic supply

BYD sees EV exports beating target by 15% as overseas demand drives growth

BYD's optimistic export outlook follows disappointing results, including the company's first annual drop in profit in four years even as it toppled Tesla Inc. as the world's top-selling EV maker

Israel approves revised war budget to $222 bn extending reliance on debt

The spending plan, approved by Knesset lawmakers early Monday in a vote of 62 to 55, totals 699 billion shekels ($222 billion) and sets a deficit target of 4.9 per cent of gross domestic product

West Asia war's gas supply shock pushes top consumers back to coal

Gas prices in Europe and Asia have yet to reach 2022 levels, but they have already soared - pricing many emerging economies out, with industrial clients already severely impacted across Asia

Foreigners dump record $12 bn Indian equities amid Iran war, energy crisis

Soaring energy costs have hurt oil-importing Asian peers, but the scale of outflows from India points to already bearish global sentiment

Gold finds footing near $4,500 as West Asia conflict enters fifth week

Bullion recovered some early losses to hold near $4,500 an ounce, showing resilience despite the continued rise in oil prices and downturn in equities

DeepSeek down for 7 hours in biggest outage since debut, services restored

The extended downtime is unusual for a globally used app like DeepSeek, which has for over a year carried the mantle of China's breakthrough artificial intelligence service

Why south Indian states fear they must populate or risk political decline

States fear losing political clout as faster population growth in states like UP, Bihar could tilt parliamentary representation, reshaping India's federal balance and democratic power structure

How a 35-year-old crypto bro helped Pakistan win over Trump world

Led by Bilal Bin Saqib, Pakistan's crypto diplomacy deepens engagement with Trump's inner circle, boosting Islamabad's bid to mediate in US-Iran tensions amid fears of disruption to global energy supp

RBI forces banks to unwind rupee bets, squeezing short sellers amid crisis

Late Friday, the RBI announced new rules capping the open positions banks can hold in the onshore currency market at $100 million at the end of each trading day

Trump claims Iran gave in to US demands, considers seizing Kharg Island

Taking Iran's oil would require a risky military operation involving the invasion and occupation of its main export hub, Kharg Island, which also houses an Iranian naval base

Iranian strikes spread as US troop buildup spurs escalation concern

The arrival of a US amphibious assault group and the entry of Iran-backed Houthi forces heightened fears of escalation as the war entered its second month

US sees first combat loss of valuable E-3 aircraft in missile strike

US bombers, including B-52s and B-1Bs, continue to use long-range strike cruise missiles to strike targets in Iran safely

Trump's war with Iran may be ushering in a new nuclear age for the world

China and Russia, both longstanding members of the exclusive club of nuclear-armed nations, have raised alarm about the risk of weapons proliferation in Japan and South Korea

US hiring bounces back in March after February chill, 60,000 new jobs added

Payrolls haven't increased in consecutive months since May of last year, illustrating a labour market that lacks any notable hiring momentum but also few signs of a concerning deterioration

Street stalls in Delhi show cost of India's energy crunch amid Iran war

War-driven fuel shock hits fast in India as urban poor struggle with LPG costs, forcing labourers in tenements to rely on black market cylinders and making home cooking increasingly unaffordable

Inside 'Project Eagle,' JPMorgan's high-wire act to fund $55 bn EA deal

For weeks, JPMorgan bankers had anxiously watched events in the West Asia as they worked to sell the financing for the biggest buyout ever, the $55-bn private equity takeover of Electronic Arts

Germany to review restarting coal plants as Iran conflict hits energy costs

While Germany is due to phase out coal by 2038, the review shows Europe's biggest economy may still fall back on the dirty fossil fuel in times of crisis