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Amazon's $11.6 bn deal with Globalstar ramps up rivalry with Elon Musk

The e-commerce giant has been trying for years to break into satellite services to gain new sources of growth beyond its enormous retail and cloud-computing businesses

US, Iran seek second round of talks as Hormuz blockade stops ships

The war has damaged Gulf energy infrastructure and disrupted oil and gas supplies beyond the region, rattling markets and triggering fears of a global inflation crisis

Disney to cut 1,000 jobs in first layoffs under new CEO Josh D'Amaro

While the cuts are company wide, they will fall particularly hard on the marketing department, which is being consolidated under Asad Ayaz, who was appointed chief marketing and brand officer in Jan

US-sanctioned tanker 'Rich Starry' tests Trump blockade with Hormuz exit

Shipowners, energy traders and investors across financial markets have been keenly following its route through Hormuz as they try to understand the latest US effort to pressure Tehran

Iran war-driven price surge wipes out global oil demand growth in 2026: IEA

Last month, the Paris-based IEA oversaw the release of a record 400 million barrels from emergency oil reserves by members including the US, Japan and Germany in an effort to tame spiralling costs

World order 'crumbling into disarray': Xi Jinping as Iran war drags on

China has also criticised the military action against Iran and warned it risks plunging West Asia into deeper instability

China's Evergrande Group founder pleads guilty to fraud in downfall

Evergrande Group's founder Hui Ka Yan had been accused of a litany of crimes including illegally absorbing public deposits and fundraising fraud

Why Donald Trump's Hormuz blockade is as much about China as Iran

If US enforces the blockade, the Iranian economy will suffer an enormous blow on top of the war destruction and will need to start shuttering oil wells in next few days as its storage tanks fill up

Trump deletes post seemingly depicting him as Jesus after backlash

Trump said that he posted the image because he thought it showed him as a doctor but didn't explain his decision to delete it

Amazon nears deal to acquire Globalstar in push to rival Musk's Starlink

Globalstar's shares have almost quadrupled in the past year, giving the company a market value of about $9.4 billion

US opposes Adani push to shift cargo carriers to new Mumbai airport

US Department of Transportation wrote to India's aviation ministry in March, arguing that Adani Airport Holdings Ltd.'s push to relocate freighters violates the bilateral Air Transport Agreement

Texas man charged with attempted murder in attack on Sam Altman's home

The US Department of Justice, meanwhile, charged Moreno-Gama with possession of an unregistered firearm and attempted damage and destruction of property by means of explosives

Pakistan weighs multi-source financing to sustain reserves after UAE move

Pakistan this month failed to reach an agreement with the UAE to roll over the debt for the first time in seven years

Chinese carmakers should be kept out of US, says Ford CEO Jim Farley

Farley warned of national security risks from allowing technology-laden Chinese vehicles to navigate US roads

US, Iran mull second meeting in attempt to revive ceasefire talks

US President Donald Trump signalled his own openness to more talks earlier Monday, saying good people from Iran had reached out

Shapoorji Pallonji Group seeks to delay paying $1.5 billion of debt

Shapoorji Pallonji Group seeks to delay ₹14,300 crore debt repayment amid refinancing challenges and market volatility linked to its Tata Sons stake

China's Wang Yi urges talks to sustain 'fragile' Iran-US ceasefire

The top Chinese envoy made the remarks during a call with his Pakistani counterpart Ishaq Dar on Monday, according to a readout from China's Foreign Ministry

Lufthansa faces deeper disruption as cabin crew joins pilots' strike

Flights from Germany to several Middle Eastern destinations are exempt due to the current conflict in the region, the union said

Ships with Iran oil anchor off India as Donald Trump announces blockade

The US had allowed the temporary sale of Iranian oil and petrochemical products already loaded on tankers in late March, as it sought to put a lid on rising oil prices due to the West Asia war

Three tankers attempt Strait of Hormuz transit after US flags blockade

The New Future, which has no clear links to Iran, and the US-sanctioned Auroura, began moving northeast early Monday from waters off the United Arab Emirates