Bloomberg

US-China relationship will be 'better than ever': Trump tells Xi Jinping

The two leaders met in the Great Hall of the People off Tiananmen Square on Thursday morning after a welcome ceremony featuring honor guards and carefully choreographed pageantry

War turmoil drains Asian reserves with India, Philippines among hardest hit

Philippines has led losses with its stockpile sinking 8.1 per cent since the conflict started to $104 billion, while India's dropped 5.2 per cent to $691 billion

Japanese crude tanker emerges after going dark near Strait of Hormuz

Eneos Endeavor had sailed into the Persian Gulf in late February to pick up crude from the United Arab Emirates' Das Island and Kuwait's Mina Al Ahmadi

UK Health Secretary Streeting prepares to challenge Starmer for top post

In the event of a contest sparked by Streeting, allies of Starmer said it was likely the premier would attempt to stand against him

Trump repeats war threats against Iran ahead of meeting with Xi Jinping

The war on Iran, which has sent energy prices soaring because of Tehran's effective closure of the Hormuz, will be high on the agenda of the talks between Trump and Chinese President Xi Jinping

India's foreign exchange reserves still robust to defend rupee: Economists

The central bank's reserves, despite being among the world's biggest, are facing tougher scrutiny from investors as the rupee hits record lows

Fuel prices may rise if West Asia war drags on: RBI Guv Sanjay Malhotra

His remarks came after Prime Minister Narendra Modi urged voluntary austerity, including cutting down on petrol and diesel use and putting off gold purchases, to preserve foreign exchange reserves

US federal court halts ruling against Trump's global tariffs for now

The order means importers will continue to pay the 10 per cent tariffs under Trump's use of Section 122 of the Trade Act of 1974 for now

Tariff refunds of $35.5 billion cleared for importers after US SC ruling

The scramble for refunds started immediately after the Supreme Court ruled that Trump unlawfully used IEEPA to impose tariffs on goods entering the country

Anthropic in talks with investors to raise $30 bn at $900 bn valuation

The new discussions coincide with a push by Anthropic to ramp up fundraising amid the breakout success of its AI software

US lawmakers query Iran war cost as Trump renews destruction threat

Defense Secretary Pete Hegseth declined to give a breakdown of costs as he faced questions about the conflict in Congress, as part of a hearing $1.5 trn defence request

Qatar asks LNG ships to go dark near export hub over security concerns

At least nine LNG tankers that were anchored near Qatar stopped sending signals from May 11, according to ship-tracking data compiled by Bloomberg

Thai anger at misbehaving foreigners triggers visa rules overhaul

Possible measures include reducing the 60-day visa-free stay for tourists to 30 days and reviewing the criteria for categories, including investment, long-term stay, student and digital nomad visas

Shipping disruption continues in Hormuz as US rejects Iran's peace proposal

Iran responded to last week's US peace proposal by demanding a lifting of Washington's naval blockade and sanctions relief, while maintaining a degree of control over traffic through the strait

Govt mulling emergency measures to protect foreign-exchange reserves

Officials in the Prime Minister's Office and Finance Ministry have held discussions with the Reserve Bank of India on several measures that could be taken to limit the damage from soaring oil prices

Trump to undergo annual medical, dental check-up at Walter Reed on May 26

Questions regarding the president's health have arisen from time to time during his second term, particularly after bruises were seen on his hands

US colleges report 20% drop in foreign students amid Trump's visa clampdown

The turning point for US schools came last spring, when ICE agents arrested and detained dozens of foreign students, sometimes on campus or in dorms, and revoked the legal residency of thousands more

Trump admin seeks to keep collecting tariffs after court ruling setback

In a 2-1 decision last week, a US Court of International Trade panel found that President Donald Trump's use of Section 122 of the Trade Act of 1974 to impose the tariffs was invalid

Netanyahu says Israel wants to phase out US military assistance: Report

The US currently provides Israel with $3.8 billion a year in military assistance under a 10-year agreement originally negotiated by the Obama administration that lasts through 2028

RBI should dial back rupee intervention, says former Guv Subbarao

Subbarao said raising interest rates, the "ultimate" exchange rate defence, should be the last resort, as the markets could read it as a sign the conflict poses a bigger threat to India's economy