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Oil falls after Trump announces Project Freedom to escort ships via Hormuz

Brent ‌crude futures fell 6 cents, or 0.1 per cent, to $108.11 a barrel by 0400 GMT after settling down $2.23 on Friday

Asian stocks inch higher, oil steady amid uncertainty in West Asia

President Donald ​Trump said the US would begin an effort to free up ships stranded in the Strait ​of Hormuz on Monday morning, but gave no details of the plan

Airlines scramble to help stranded Spirit flyers after carrier collapses

Spirit Airlines ceased operations on Saturday following a doubling in jet fuel prices due to Iran war

Opec+ agrees to third oil output quota hike since Hormuz closure

Seven members to raise output targets by 188,000 bpd in June

Foxconn launches second-generation satellites via SpaceX Falcon 9

The company's PEARL-1A and PEARL-1B satellites entered their intended orbits and will conduct on-orbit missions for five years, it said

Berkshire shareholders gather for Greg Abel's first annual meeting

Prior to the meeting, thousands of people lined up outside a downtown arena before doors opened at 7 a.m., though the lines were considerably shorter than in recent years

Air India CEO search narrows to Vinod Kannan, Nipun Aggarwal: Report

Singapore Airlines holds a roughly 25% stake in Air India, with the rest owned by Tata Sons

US troop cut underlines European defence responsibility: German minister

In response to heavy criticism from Washington over defence spending, European ‌Nato members, including Germany, have pledged to ‌take on more responsibility for their own ‌defence

Pentagon ties up with AI firms, keeps Anthropic out over supply-chain risks

The Pentagon labeled the AI start-up, which is widely used across the Department of Defense, a supply-chain risk earlier this year, barring its use by the Pentagon and its contractors

Trump lifts tariffs on British whisky to toast departing King Charles

The President said he would soon be removing tariffs and restrictions related to Scotland's ability to work with Kentucky on whisky and bourbon

Oil falls as Iran proposes talks but prices still set for weekly gains

Brent's June contract hit $126.41 a barrel on Thursday, marking the highest level since March 2022, before ending the session down

SEC clears Nasdaq plan for benchmark index-linked prediction market options

New York-based exchange operator's products are cash-settled contracts that pay a fixed amount at expiration depending on whether the index finishes above or below a set level

Apple accuses CCI of overstepping authority as antitrust dispute escalates

After the CCI this month gave Apple an ultimatum to submit its financials and scheduled a final hearing on May 21, the company has urged the Delhi HC to urgently intervene to put the matter on hold

Toyota to build 3 new assembly plants in Maharashtra to boost capacity

The new plants will bring Toyota's factories in India to six, with the other three existing facilities in the south

India's April gold imports seen down 57% to 15 tonnes, near 30-year low

In 2017, when India adopted the IGST, gold-importing banks were exempted from paying the 3% levy

US Q1 GDP growth rises 2% as Iran war clouds outlook, fuels inflation

Gross domestic product increased at a 2.0 per cent annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said in its advance GDP estimate on Thursday

Dr Lal Path Labs Q4 FY26 results: Profit down 15.5%, revenue up 16.6%

Consolidated net profit fell to 1.31 billion rupees ($13.8 million) in the quarter ended March, from 1.55 billion rupees a year earlier

Rupee falls 0.5% to record low of 95.33 as oil price surge sparks worries

The reversal has prompted traders and analysts to suggest that fresh regulatory measures could be on the cards

BOE holds rates at 3.75%, warns Iran war may need forceful rate hikes

The Bank of England held interest rates at 3.75 per cent and flagged risks to inflation from the Iran conflict, particularly through higher energy and food costs

Mojtaba Khamenei says new phase ahead for Gulf, Strait of Hormuz after war

Iran's Supreme Leader signals a 'new phase' in the Gulf, raising concerns over Strait of Hormuz security and global oil supply disruptions