World News

Donald Trump raises global tariffs to 15%: What Sections 122, 232, 301 mean

US President Donald Trump has raised the global baseline tariff to 15 per cent after a court setback, using older trade laws. Here's what Sections 122, 232 and 301 mean and how they allow tariffs

Winter storm hits New York City; blizzard warning, travel ban in place

Cellphones across New York City received wailing push alerts Sunday night announcing a ban on non-emergency travel on all streets through noon Monday because of "dangerous blizzard conditions

From bakeries to salons, Russian firms struggle under wartime tax policy

Amid war with Ukraine, Russia is now tapping consumers and small businesses for funds

Iran signs €500 mn missile deal with Russia to rebuild air defences

Iran has signed a nearly €500 million deal with Russia to buy portable air-defence missiles, aiming to quickly rebuild its weakened air shield after last year's conflict damaged key defence systems

Air India scraps New York, Newark flights as blizzard batters US East Coast

The move follows a massive winter storm sweeping across the US East Coast, triggering travel bans, school closures and over 7,500 flight cancellations

EU diplomats to meet 'Board of Peace' director over Gaza's future

Nikolay Mladenov, a former Bulgarian politician and UN diplomat chosen by Trump to manage the Board of Peace, will meet the EU's foreign policy chief Kaja Kallas

Trump considers targeted strike against Iran, followed by larger attack

The top negotiators plan to meet in Geneva on Thursday for last-ditch talks, debating a new proposal that could create an off-ramp as two carrier groups massed within striking distance of Iran

KKR to buy majority stake in XCL Education Holdings in $1.3 billion deal

KKR invests widely in education, backing firms including Lighthouse Learning in India and Taylor's Education Group

Mexico erupts after cartel boss killed; India issues advisory: What we know

Mexico saw gun battles, arson and road blockades after its army killed cartel boss El Mencho. With violence spreading across states, India and the US advised citizens to shelter in place

India, China among winners after US Supreme Court blocks Trump tariffs

China, India and Brazil are among those now seeing lower tariff rates after SC ruled that Trump's use of the International Emergency Economic Powers Act to impose duties was illegal

Trump pegs new tariffs to a 'payments crisis' that experts doubt exists

The issue most economists see is that despite the president's proclamation, there's no evidence the US isn't able to pay its bills or meet the obligations it has to international investors

Mexican army kills leader of powerful Jalisco New Generation Cartel

The killing of the powerful drug lord set off several hours of roadblocks with burning vehicles in Jalisco and other states

Xi Jinping gains leverage ahead of summit with Trump after tariff reversal

Xi's team will likely push harder for access to advanced semiconductors, removal of trade restrictions on Chinese companies and reduced US support for Taiwan

Gold rises above $5k as Trump tariff defeat throws trade deals into doubt

Bullion climbed as much as 1.3 per cent to above $5,170 an ounce. Trump said Saturday he would impose a global tariff of 15 per cent to preserve protective trade measures

Donald Trump may turn to old trade laws after Supreme Court tariff blow

With the Supreme Court striking down Trump's use of IEEPA for tariffs, the president may rely on older trade statutes to revive tariff action. Each carries implications for India

US Homeland Security suspends 'Global Entry' programme amid govt shutdown

Global Entry is a US Customs and Border Protection programme that allows pre-approved, low-risk travelers to use expedited kiosks when entering the United States from abroad

North Korea's Kim Jong Un reelected as chief of ruling Workers' Party

The report from the party congres suggests Kim will double down on accelerating a military nuclear program already equipped with missiles capable of threatening Asian US allies and American mainland

Next round of US-Iran talks to be held on Thursday in Geneva, says Oman

US President Trump warned earlier that limited strikes against Iran are possible, even as Iranian FM at the time said Tehran expected to have a proposed deal ready in the next few days

Inside Iran's preparations for war and the regime's plans for survival

Probable successor to Khamenei: A former commander in the Revolutionary Guards Corps and the current head of the Supreme National Security Council

US Secret Service kills man attempting to unlawfully enter Trump's resort

The man was carrying what appeared to be a shotgun and a fuel can, the agency said, adding that he was observed at the resort's north gate around 1:30 a.m. EST (0630 GMT)