World News

Israel hits Iran petrochemical plant amid renewed West Asia tensions

Israel earlier on Sunday launched strikes in the Beirut area for the first time since the US ‌announced a truce plan for Lebanon last week

World isn't ready for shocks that are piling up: IMF chief Georgieva

Georgieva, who's been at the helm of the Washington-based lender since 2019, has been through the Covid pandemic, the war in Ukraine, the tariffs turmoil and now the conflict in the West Asia

Trump dismisses idea that Iran betrays his 'no new wars' campaign message

In his 2024 campaign, Trump repeatedly cast his Democratic opponents as warmongers and said he was a president who started 'no new wars' and would bring an era of peace

4 killed, over 200 injured after 7.8-magnitude earthquake hits Philippines

Numerous aftershocks followed the 7:37 am Monday quake, which was felt in nearby Malaysia. Tsunami waves were also detected in Indonesia and Malaysia

Iranian envoy says Hormuz strait will be open but with transit fees: Report

The US-Israeli war on Iran has largely cut oil flows via the strait, which before the conflict saw one-fifth of the world's ‌oil pass through

Xi Jinping hails 'new start' in ties ahead of summit with Kim Jong Un

China's ‌unwavering policy is to develop ties with the ​North and both will strengthen exchanges in all ​areas, Xi Jinping said ahead of his visit

China's global ecommerce push slows as Iran war lifts costs, weakens demand

The business models, based on flying $5 dresses from Chinese factories to shoppers, were already under pressure after Trump introduced tariffs and axed customs waivers on low-value parcels last year

Israel activates air defence systems to intercept missiles from Yemen

The development occurs against the backdrop of sharply rising friction across West Asia following the recent cross-border missile strikes exchanged between Iran and Israel

European airlines expect gains to fade as Gulf carriers stage comeback

Airline executives sense their moment of opportunity will soon come to an end as Emirates, Qatar Airways and Etihad Airways get more of their planes back into the air and increase capacity again

After months of war, Iranians sink into disillusionment and despair

An imploding economy is causing hopelessness among both pro- and anti-government Iranians. And for those who wished for regime change, the letdown is palpable

AI reshaping diplomacy: Can technology replace human understanding?

As global tensions rise, governments are turning to AI to analyse data, model negotiation outcomes and identify compromise options, reshaping modern diplomacy

'Get back to table, make a deal': Trump asks Netanyahu not to strike Iran

Iran launched missiles at Israel on Monday, marking the first Iranian missile attack since the April 8 ceasefire

Asian markets tumble as AI rally cools, oil jumps on West Asia tensions

The Nasdaq had dropped 4.2 per cent on Friday after a hot jobs report ramped up expectations for Federal Reserve interest rate hikes

Israel announces closure of Gaza crossings amid tensions with Iran

The Coordinator of Government Activities in the Territories (COGAT) said the move is part of 'necessary security measures'

WHO unveils $518 million Ebola preparedness and response plan for DRC

WHO chief also shared that earlier this week he held a constructive meeting with President of the Democratic Republic of the Congo Felix Tshisekedi to discuss the Bundibugyo Ebola outbreak

Iran fires several rounds of missiles at Israel as Trump defends ceasefire

Negotiations between Washington and Tehran are bogged down over the fate of billions of dollars of frozen Iranian assets and a parallel conflict between Israel and Iran-backed Hezbollah in Lebanon

Pak minister meets Iran FM in Tehran; discusses status of peace talks

Pakistan's interior minister delivered a message from PM Shehbaz Sharif to Iran's supreme leader amid efforts to advance US-Iran diplomacy

China puts EVs on a diet as battery boom makes cars heavier: Report

The trend is drawing attention as larger vehicles put pressure on existing infrastructure. Some EVs are becoming too large for parking spaces designed under standards introduced a decade ago

Trump says he would not unfreeze Iran's assets before peace deal is done

Trump says sanctions relief and access to frozen assets will come only after a peace deal with Iran, while signalling openness to talks with its leadership

World's hottest market has Korea bulls turning cautious after rally

Hedge fund Golden Horse Fund Management has trimmed exposure and added derivative protection, while M&G Investments has cut memory and foundry holdings to broaden out down the AI supply chain