World News

Buffalo meat exporters recall West Asia consignments amid spoilage fears

Saudi Arabia, Bahrain, Dubai and the UAE are the major destinations for Indian buffalo meat exports

Trade in turmoil: Conflict and tariffs dim the shine of Surat diamonds

With the war in West Asia upending global trade, the first part of a series examines how the global diamond hub is grappling with the raging crisis and also tariff uncertainty

Trump reviews steps to tame oil prices after Iran war roils markets: Report

The turmoil in energy markets comes at a sensitive moment for the president, who has sought to keep fuel prices low as a cornerstone of his economic message to voters

Uber's women-only option goes nationwide in the US amid safety concerns

Uber's women drivers can set the app's preferences to request trips with female riders, and they can turn off that preference at anytime

Oil remains potent geopolitical tool, decades after energy crisis

In the West Asia, Iran has leaned on one of its strategic advantages: its ability to disrupt the flow of oil and natural gas through the Persian Gulf and hurt economies around the world

PM Modi speaks to Nepal leaders Rabi Lamichhane, Balendra Shah

In his telephonic conversations with the two leaders of Nepal, PM Modi said he was confident that with the joint endeavours, India-Nepal relations will scale new heights in the coming years

Anthropic sues Trump administration over Pentagon 'supply chain risk' tag

The Pentagon last week formally designated San Francisco tech company a supply chain risk after an unusually public dispute over how its AI chatbot Claude could be used in warfare

Trump calls on Australia to give asylum to Iranian women's soccer team

The Iranians' campaign in the Australian-hosted Asian Cup tournament started just as the US and Israel launched air strikes on Iran, killing the Islamic Republic's Supreme Leader Ali Khamenei

FATF adds Kuwait, Papua New Guinea to increased monitoring list

Kuwait and Papua New Guinea have been placed under FATF's increased monitoring, while Iran, DPRK and Myanmar continue on the high-risk list requiring enhanced due diligence

Saudi Aramco cuts output at two oilfields amid Strait of Hormuz crisis

Several of Saudi Arabia's neighbours have also cut production as shipping in oil transit chokepoint, carrying roughly a fifth of global oil and liquefied natural gas flows, has ground to a near halt

More small ships to West Asia from Apr 15 as freight rates jump 300%: FIEO

About 400 exporters participated in the meeting, as the crisis is impacting the movement of containers

West Asia conflict could boost palm oil demand from biodiesel sector

Indonesia, the world's largest user of palm oil-based biodiesel, said it may revive plans to roll out a B50 grade of palm oil biodiesel mid-year to counter surging crude oil prices

Central banks across Europe face rising rate hike bets amid Iran war

The unusually sharp repricing came as major oil producers cut supply and fears grew of prolonged shipping disruptions, pushing crude above $119 a barrel its highest level since mid-2022

What 'Save America Act' proposes for US voter registration rules

The proposed legislation has triggered debate in the US because it introduces documentary citizenship requirements for voter registration and sets out procedures for verifying eligibility

Customs issues norms for return of export cargo amid West Asia crisis

The field offices under the CBIC will recover all export incentives, including IGST, drawback, etc., manually from such cargo, if they have already been disbursed

Trump says ending Iran conflict will be 'mutual' decision with Netanyahu

US President Donald Trump said the decision to end the Iran conflict will be 'mutual' with Israeli PM Benjamin Netanyahu, claiming the strikes thwarted Iran's plans to destroy Israel

From rapper to Nepal's likely PM: All you need to know about Balendra Shah

From rapper and civil engineer to Kathmandu mayor and now prime minister-in-waiting, Balendra 'Balen' Shah has emerged as the face of Nepal's youth-driven political shift

Crude oil prices spike near $120 a barrel as Iran war impedes production

The price for a barrel of Brent crude, the international standard, surged to $119.50 per barrel early in the day but later was trading at $107.80 per barrel

IMF urges preparation for 'unthinkable' amid prolonged West Asia conflict

IMF Managing Director Kristalina Georgieva warns a prolonged West Asia conflict could hit market sentiment, growth and inflation, urging policymakers to prepare for a "new normal" of global shocks

West Asia crisis complicates rate outlook for Asian central banks

Share markets plunged and the safe-haven US dollar rose in Asia on Monday as oil surged past $110 a barrel, stoking fears of a protracted West Asia war on global energy supplies