Page 587 - World News

Oil prices see drop 8% amid China retaliating with tariffs on US goods

Brent futures dived by $5.30, or 7.6 per cent, to $64.84 a barrel by 1254 GMT. US West Texas Intermediate crude futures lost $5.47, or 8.2 per cent, to $61.48

Cathay Pacific orders 100 new aircraft, to start deliveries this year

Raicar, in a press conference on Thursday, said the three cities - Chennai, Bangalore and Hyderabad constituted 43 per cent of the total over 1.30 lakh tonne of cargo it handled last year

China hits back with 34% tariff on US goods after Trump's trade salvo

China hits back at Trump's tariff hike with a 34% duty on all US goods from April 10, escalating tensions as fears of a deepening trade war between the two growing nations

WEF founder Klaus Schwab to step down as chair of board of trustees

He did not give a timeline for his departure from the organisation, but the WEF said in a statement to the FT that the process should be completed by January 2027

From deserts to defence posts, Trump's tariffs spare no ground or sea

From secret military bases to uninhabited islands, Trump's sweeping tariffs have left no corner untouched-even places with no trade, no civilians, and no exports

India to help rebuild Myanmar infrastructure, cultural sites after quake

The earthquake has left a trail of destruction, particularly in central regions like Sagaing and Mandalay where numerous bridges have collapsed

How much wealth did billionaires lose as Trump's tariffs rocked markets?

The drop in wealth is the fourth-largest single-day drop in the 13-year history of the Bloomberg Billionaires Index and the most substantial decline since the peak of the Covid-19 pandemic

Trump's reciprocal tariffs to threaten defence ties, Pentagon supply chains

In a statement delivered at the White House, US President Donald Trump described the imposition of reciprocal tariffs as 'a declaration of economic independence'

EU plans major fine for Musk's X over disinformation, may exceed $1 billion

The penalties, expected this summer, may include a hefty fine and product changes, marking the first enforcement under the EU's Digital Services Act to regulate social media content

BP Chair Helge Lund to step down by 2026 as search for successor begins

Lund had backed BP's 2020 strategy under former CEO Bernard Looney to move away from oil and gas, including an ambition to cut its hydrocarbon output by 40 per cent this decade

US tariffs risk slowing global growth significantly: ADB chief economist

US tariffs impose substantial levies on trading partners, including Southeast Asian nations, with Vietnam, Laos and Cambodia facing some of the highest rates

Trump slaps 44% tariff on quake-hit Myanmar, fuelling economic fears

Myanmar, already struggling with earthquake recovery, now faces a 44 per cent US tariff under Donald Trump's trade policy, threatening key industries and worsening its economic challenges

Sri Lanka's target to be land mines free by 2028 at risk as US reviews aid

Trump administration's suspension of aid threatens Sri Lanka's demining operations, pushing the livelihoods of thousands into uncertainty

London's Canary Wharf office vacancies hit record high amid tenant exodus

London's Canary Wharf struggles to recover from pandemic-era demand slump, even as central city areas and global hubs like New York and Paris show signs of commercial property rebound

Fliers stranded for 40 hours on Virgin Atlantic flight 'freezing in Turkey'

Over 250 passengers have been stranded for over 40 hours at Turkey's Diyarbakir airport after a Virgin Atlantic flight was cancelled due to medical and technical issues

White House sacks NSC officials after Trump meets with far-right activist

Far-right activist and conspiracy theorist Laura Loomer carried a list of people she believed were disloyal to Trump in her meeting with the US President

Donald Trump open to reducing tariffs in return for 'phenomenal' offers

Trump broadly defended his tariff program despite a stock market meltdown, saying he was happy that interest rates were falling and believed that the economic turbulence would settle

A look at turbulent life of S Korean leader Yoon ousted over martial law

Yoon was separately indicted by prosecutors for rebellion, a charge that can carry the death penalty or life imprisonment

Trump admin using new tactics to expel international students: US colleges

Students with revoked US visas now face immediate deportation orders, a shift from past policy that allowed them to remain and complete their studies

Asian stocks slid after Wall Street surrendered to hit by Trump's tariffs

Tokyo's Nikkei 225 lost 2.6 per cent to 33,818.18, and Korea's Kospi fell 0.8 per cent to 2,467.14 after the two countries pivoted to negotiating lower tariffs with Trump's administration