World News

Iran fires drones at commercial ships in Hormuz after peace deal: Report

The firing took place after the signing of the US-Iran memorandum of understanding (MoU) on Sunday, and the drones were intercepted by the US military

US to give $300 bn to Iran: Does Trump's deal mirror Obama's nuclear pact?

According to the memorandum, the US, with its regional partners, will provide at least $300 billion in reconstruction funds to Iran "for the rehabilitation and economic development."

Iran deal includes $300 bn fund, more than half of which already committed

Iran has attracted almost no significant foreign direct investment in the past four decades, frozen out of global capital markets by successive waves of US and international sanctions

Why G7 nations are concerned about mounting global economic imbalances

G7 finance ministers agreed last month coordinated action, long elusive in the broader G20 grouping, was needed and warned imbalances could otherwise unwind in a financial crisis

Pizza Hut sold to LongRange Capital and Yum China for $2.7 billion

LongRange Capital will acquire Pizza Hut's operations outside mainland China for roughly $1.5 billion. Yum China will acquire the remaining franchise rights for about $1.2 billion

Iran now has powers to shut Strait of Hormuz at will, warns US Intel report

Iran's ability to hurt the economy using the critical waterway can crop up again regardless of the framework agreement to be signed on Friday, the assessment revealed

Fifa World Cup 2026: Counter-drone systems deployed at all US match venues

Giuliani said all 78 World Cup matches in the United States, along with fan festivals in every host city, will be protected by counter-drone systems throughout the tournament

Messi becomes 2nd player to score in 5 World Cups, joins Ronaldo in club

Messi joins Cristiano Ronaldo of Portugal as the only players with goals in five World Cups

'Restoring legacy': US renames Indo-Pacific Command back to Pacific Command

The US Department of Defence announced the decision on Tuesday, stating that the designation honours the Command's deep historical roots, established in 1947 by then-President Harry Truman

US set to offer broad financial incentives to Iran in peace agreement

The two sides agreed to the deal on Sunday and plan to formally sign it on June 19 in Switzerland, clearing the way for 60 days of talks intended to end the war for good

Fifa World Cup 2026 exposes growing global prediction market rift

The World Cup could generate roughly $3 billion in additional wagers and drive as much as $10 billion in betting volume across sports-betting and prediction-market platforms, according to analysts

SpaceX deal with Cursor turns four MIT classmates into billionaires

SpaceX formally agreed to buy Cursor Tuesday in an all-stock deal that values the company at $60 billion

Howard Lutnick's letter to Anthropic warned of curbs on top AI models

The letter ordered Anthropic not to give its Fable 5 and Mythos 5 artificial intelligence models to foreign nationals anywhere in the world without a license from the Commerce Department

SpaceX overtakes Amazon in value to become 5th largest stock in world

At the stock's intraday high, the market value of Elon Musk's rocket and AI company topped Microsoft Corp. to briefly become the world's fourth-largest stock

What is inside the 14-point draft memorandum between the US and Iran

Draft US-Iran pact proposes sanctions relief, nuclear curbs and $300 bn aid

Trump's push for Iran deal puts friendship with Netanyahu to test

The tension comes as Trump criticises recent Israeli attacks in Lebanon, which threatened to jeopardise negotiations between Washington and Tehran

Democrat Senators ask Trump not to extend sanction waiver on Russian oil

Senators Jeanne Shaheen and Elizabeth Warren said the waiver from sanctions has only helped Russia finance its 'illegal war' with Ukraine

Senate fails to advance war powers resolution on US action against Iran

The vote was 47-48, with four Republicans joining most Democrats in supporting the war powers resolution. That fell short of the majority needed to advance it

PM calls for secure maritime routes, days after 3 Indian mariners killed

PM Modi also underlined that India's vision of international partnership is rooted in the timeless philosophy of 'Vasudhaiva Kutumbakam' - the world is one family

UNSC reform would be failure if only non-permanent category expanded: India

India's Permanent Representative to the UN Ambassador Harish Parvathaneni made these remarks on Monday while addressing the Inter-Governmental Negotiations (IGN) meeting on Security Council reforms