World News

Xi says rule of law must be upheld for West Asia peace, stability

The visit comes amid heightened tensions in the Middle East after weekend talks between Washington and Tehran failed to reach a deal to end the war

Stocks edge up, oil slips to $98, dollar weakens on Iran-US talks

US President Donald Trump said Iran wants to make a deal, but added he would not agree to any outcome that allows Tehran to have a nuclear weapon

China's export engine stutters as crisis in West Asia dents global demand

But the conflict has disrupted global growth, leaving China especially vulnerable as it has relied on foreign demand to offset a prolonged inability to revive consumption at home

Netflix co-CEO makes rare overture to cinema owners at Las Vegas meet

At the time Netflix was openly courting cinema owners with promises to show the studio's films in theatres, before it backed out of the bid in February

Modi, Trump hold 40-min call, discuss Hormuz blockade, energy deals

This marked the first interaction between the two leaders since the initial round of peace talks in Islamabad failed without an agreement after nearly 21 hours of negotiations

Disney to cut 1,000 jobs in first layoffs under new CEO Josh D'Amaro

While the cuts are company wide, they will fall particularly hard on the marketing department, which is being consolidated under Asad Ayaz, who was appointed chief marketing and brand officer in Jan

Lebanon, Israel hold first direct diplomatic talks in decades in Washington

Secretary of State Marco Rubio called it a "historic opportunity" and made it clear no breakthrough agreement was immediately expected

Amazon to buy Globalstar in $11.57 bn deal to rival Musk's Starlink

Amazon has been working to ramp up its network by deploying about 3,200 satellites in Earth's low orbit by 2029, with roughly half required to be in place by a July 2026 regulatory deadline

US-sanctioned tanker 'Rich Starry' tests Trump blockade with Hormuz exit

Shipowners, energy traders and investors across financial markets have been keenly following its route through Hormuz as they try to understand the latest US effort to pressure Tehran

Iran war-driven price surge wipes out global oil demand growth in 2026: IEA

Last month, the Paris-based IEA oversaw the release of a record 400 million barrels from emergency oil reserves by members including the US, Japan and Germany in an effort to tame spiralling costs

Earthquake of magnitude 5.7 jolts rural Nevada in US, damage reported

The US Geological Survey said some residents in nearby communities reported strong to very strong shaking and light to moderate damage

Luxury watch industry faces fresh headwinds as Iran war dents demand

Soaring prices for precious metals like gold and silver over the last year and US President Donald Trump's Liberation Day tariffs launched a year ago already affected the market

Asian stocks gain, oil prices fall on hopes of renewed US-Iran talks

Investors are still hopeful for a lasting de-escalation of the Iran war, which is in its seventh week, as the US and Iran are said to be weighing a second round of talks

China export growth slows to 2.5% in March amid Iran war uncertainty

The March export data released by China's customs agency Tuesday missed analysts' estimates and was sharply down from the 21.8 per cent export growth recorded for January and February

World order 'crumbling into disarray': Xi Jinping as Iran war drags on

China has also criticised the military action against Iran and warned it risks plunging West Asia into deeper instability

China's Evergrande Group founder pleads guilty to fraud in downfall

Evergrande Group's founder Hui Ka Yan had been accused of a litany of crimes including illegally absorbing public deposits and fundraising fraud

Pak issues notice to channel for airing Indian content on Asha Bhosle death

Pakistan Electronic Media Regulatory Authority issued the show-cause notice to GeoNews seeking an explanation as to why it aired Indian content along with the news of Bhosle's death

Why Donald Trump's Hormuz blockade is as much about China as Iran

If US enforces the blockade, the Iranian economy will suffer an enormous blow on top of the war destruction and will need to start shuttering oil wells in next few days as its storage tanks fill up

Iran calls US blockade 'gross violation' of sovereignty, urges UN action

Iran's Ambassador to UN Amir Saeid Iravani denounced Washington's move as an 'illegal act of aggression' that threatens regional and international peace and security

West Asia war: Iran offers 5-yr enrichment halt; talks likely on Apr 16

The US and Iran may again hold negotiations on April 16 after Islamabad talks failed; Tehran has offered a 5-year pause on uranium enrichment, shorter than the US's 20-year demand