Tech stocks in demand, but broader markets falter Friday

Fri, 01 May 2026 20:37:44 GMT

NEW YORK, New York - World stock markets closed with a split personality on Friday, as technology-heavy indexes posted solid gains while blue-chip Dow industrials stumbled. Investors digested a fresh batch of economic signals, leading to a mixed finish for major indices across the globe.

In New York, the NASDAQ Composite led the char

Fed chief Powell exits after defining battles over policy, power

Fri, 01 May 2026 20:30:22 GMT

WASHINGTON, D.C.: Jerome Powell's tenure as Federal Reserve chair is drawing to a close, ending a period defined by clashes with political leaders, historic crisis management, and ongoing debate over how far the central bank should go in shaping the U.S. economy.

From his appointment in 2018 to his final expected policy meeting this week, Powell's time at the Fed has been mark

UAE leaves OPEC, threatening cartel’s grip on oil markets

Fri, 01 May 2026 04:25:48 GMT

FRANKFURT, Germany: The United Arab Emirates' decision to leave OPEC marks one of the most significant shifts in the global oil market in decades, potentially weakening the cartel's ability to control supply and influence prices over the long term.

The UAE said it will formally exit the Organization of the Petroleum Exporting Countries on Friday, ending its membership in a group that has for decades coordinated

Solid gains on Wall Street Thursday but greenback takes a dive

Thu, 30 Apr 2026 20:09:09 GMT

NEW YORK, New York - North American stock markets closed sharply higher on Thursday, delivering broad-based gains as investors returned to risk assets following a string of positive economic signals and strong corporate updates. All three major U.S. averages finished in the green, while Canada's main benchmark posted an even larger percentage gain.

U.S. plans fresh tariffs as earlier levies near expiration

Wed, 29 Apr 2026 19:03:50 GMT

WASHINGTON, D.C.: The Trump administration is racing to rebuild its tariff regime after the Supreme Court struck down a key legal tool earlier this year, forcing officials to find new ways to maintain import taxes and the revenue they generate.

Temporary tariffs imposed in February under emergency powers are set to expire in less than three months, leaving the White House scrambling for longer-term solutions. Th

Fed likely to pause as inflation risks cloud outlook

Wed, 29 Apr 2026 11:12:40 GMT

WASHINGTON, D.C.: The U.S. Federal Reserve is expected to leave interest rates unchanged this week, as policymakers weigh rising inflation risks tied to energy prices and growing uncertainty over the central bank's leadership.

The Federal Open Market Committee is widely expected to keep its benchmark rate in the 3.50 percent to 3.75 percent range when it concludes its meeting on April 29. The decision would exte

Nasdaq Composite slides 223 points as U.S. markets falter

Tue, 28 Apr 2026 20:06:08 GMT

NEW YORK, New York - With President Donald Trump unable to bring to a close the war in Iran, and with negotiations stalled, investors and traders on Wall Street kept buying at bay on Tuesday. With oil prices 40 percent above pre-war levels, the impact on the global economy is heightening by the day. Adding to the world's worries with oil, the UAE announced Tuesday it would withdraw from OPEC next month, and will

Italy to become euro zone’s top debtor as Greece cuts debt load

Tue, 28 Apr 2026 15:40:28 GMT

ATHENS/ROME: Italy is set to become the euro zone's most indebted country this year, overtaking Greece as Athens continues to bring down its debt burden after years of fiscal reforms.

Greece's public debt is expected to fall to about 137 percent of gross domestic product (GDP) in 2026, down from 145.9 percent in 2025, according to two senior officials familiar with the country's fiscal outlook.

By compari

State Dept flags DeepSeek, others over alleged AI IP theft

Tue, 28 Apr 2026 06:00:31 GMT

WASHINGTON, D.C.: The U.S. State Department has directed diplomats worldwide to raise concerns with foreign governments over what it describes as attempts by Chinese companies to extract and replicate American artificial intelligence models, according to a diplomatic cable seen by Reuters.

The cable, sent to U.S. embassies and consulates, instructs officials to engage counterparts on "concerns over adversaries'

Nasdaq Composite gains 51 points in cautious trading Monday

Mon, 27 Apr 2026 20:06:46 GMT

NEW YORK, New York - U.S. stock markets closed with a divided performance on Monday, as technology shares lifted the Nasdaq Composite while a pullback in blue-chip stocks weighed on the Dow Jones Industrial Average.

The Standard and Poor's 500 managed a fractional gain to start the trading week. The broad-market index rose

US sentiment drops to record low despite Iran ceasefire

Mon, 27 Apr 2026 19:41:12 GMT

WASHINGTON, D.C.: U.S. consumer confidence fell to its lowest level on record in April, as rising energy costs linked to the Iran war continued to weigh on household sentiment despite a ceasefire.

The University of Michigan's Surveys of Consumers said its Consumer Sentiment Index dropped to a final reading of 49.8, down from 53.3 in March. Although slightly higher than the preliminary reading of 47.6 earlier in

China warns EU after firms included in latest Russia sanctions

Mon, 27 Apr 2026 02:57:26 GMT

BEIJING, China: China has sharply criticized the European Union's decision to include Chinese companies in its latest sanctions against Russia, warning of retaliatory steps and calling for their removal.

The country's commerce ministry said it "firmly opposes" the move and urged the EU to immediately take Chinese entities off its sanctions list.

The EU's 20th sanctions package targets suppliers from third

"Unity in diversity is India's greatest strength": Himachal Governor celebrates foundation day of Gujarat, Maharashtra in Shimla

Fri, 01 May 2026 23:21:43 GMT

Shimla (Himachal Pradesh) [India], May 2 (ANI): A felicitation programme was organised at Lok Bhavan in Shimla to celebrate the Foundation Day of the states of Gujarat and Maharashtra.
Himachal Pradesh Governor Kavinder Gupta invited people from both states residing in Himachal Pradesh to join the celebrations and mark the occasion in a spirit of unity and cultural exchange.On the occasion, participants from Guja

Gujarat CM Bhupendra Patel allocates Rs 7.50 crore for development works of Surat city and district

Fri, 01 May 2026 23:10:26 GMT

Surat (Gujarat) [India], May 2 (ANI): Gujarat Chief Minister Bhupendra Patel allocated Rs 7.50 crore for development works in Surat city and district during the state-level celebration of Gujarat Gaurav Diwas-2026 held at Dumas Sea Face on Friday, according to a press release.
The grand cultural programme titled 'Gauravvanti Gujarat, Virasat thi Vikas' was organised under the chairmanship of Governor Acharya Devv

"Whole of Humanity paying price," says UN Secy General Guterres as West Asia crisis enters third month

Fri, 01 May 2026 22:59:04 GMT

New York [US], May 2 (ANI): United Nations Secretary General Antonio Guterres on Friday urged all parties to avoid 'actions' that could jeopardise the ceasefire in Middle East.
In a post on X, Guterres said, 'The Middle East crisis is in its third month & the whole of humanity is paying the price.'
https://x.com/antonioguterres/status/

"Bumrah and Suryakumar Yadav are match winners": MI head coach Mahela Jayawardene

Fri, 01 May 2026 22:18:52 GMT

Chennai (Tamil Nadu) [India], May 1 (ANI): Amid the Mumbai Indians (MI) drifting down the bottom of the Indian Premier League (IPL) 2026 points table, with star players like Suryakumar Yadav and Jasprit Bumrah unable to influence matches, MI head coach Mahela Jayawardene said that Yadav and Bumrah are key match-winners, but also human beings who can go through lean phases.
He stressed that their character and re

WATCH Popular Russian TV host take a stab at Italy's PM over economy and immigration

Fri, 01 May 2026 20:41:46 GMT

Vladimir Solovyov has questioned Giorgia Meloni's policies on Ukraine, the economy, and immigration in an interview with Il Fatto Quotidiano

Russian journalist Vladimir Solovyov has accused Italian Prime Minister Giorgia Meloni of betraying the interests of her own voters by following the EU line on Ukraine and Russia

ITALY-ROME-ECONOMY SITUATION

Fri, 01 May 2026 18:47:22 GMT

(260501) -- ROME, May 1, 2026 (Xinhua) -- People walk past the Rome Branch of the Bank of Italy in Rome, Italy, May 1, 2026. Euro area annual inflation is expected to rise to 3.0 percent in April, up from 2.6 percent in March, while economic growth remained weak in the first quarter, Eurostat said on Thursday. (Xinhua/Wang Kaiyan)

India in talks with Nepal for ethanol exports, exploring shipments to SAARC nations: GEMA President

Fri, 01 May 2026 18:40:40 GMT

By Kaushal Verma
New Delhi [India], May 1 (ANI): India is in talks with Nepal for ethanol exports and is also exploring opportunities to supply ethanol to SAARC nations, CK Jain, President of the Grains Ethanol Manufacturers Association of India (GEMA), told ANI.
'Our GEMA delegation went to Nepal two days ago. We just heard that Nepal wants to start 10 per cent blending. We suggested that till their domes

Himachal faces 'horticulture crisis' due to Centre's policies: Congress MLA Kuldeep Rathore

Fri, 01 May 2026 18:28:25 GMT

Shimla (Himachal pradesh) [India], May 1 (ANI): All India Congress Committee Spokesperson and Congress MLA from Theog, Kuldeep Singh Rathore, has raised concerns over the reduction in apple import duty and its impact on Himachal Pradesh's horticulture sector before Leader of Opposition Rahul Gandhi during his visit to Kangra on Thursday.
He also attacked the Centre over rising inflation and demanded compensation

Young Chinese gear up for new job opportunities amid China's tech boom

Fri, 01 May 2026 16:15:44 GMT

BEIJING, May 1 (Xinhua) -- On a rooftop in Shenzhen, the tech hub in south China's Guangdong Province, 24-year-old Xue Haoran watched as drones carrying packages took off one after another, weaving through the city skyline along invisible threads.
He is the person behind those routes. Xue is a drone route planner at SF Express, one of China's largest delivery companies. He spends his days walking the streets with

Airbus lands fresh China order as carriers bet on long-haul growth in market with largest air-travel population

Fri, 01 May 2026 16:15:37 GMT

TIANJIN, May 1 (Xinhua) -- Airbus has won another major order from China, extending a months-long run of large aircraft deals in its biggest single-country market and highlighting Chinese carriers' long-term confidence in air travel demand.
China Southern Airlines said in a Wednesday announcement that it and its holding subsidiary Xiamen Airlines will purchase 137 A320neo family aircraft from Airbus. The combined

Foreign Secretary Vikram Misri meets outgoing Nepal envoy, reaffirms strong ties

Fri, 01 May 2026 15:12:40 GMT

New Delhi [India], May 1 (ANI): Foreign Secretary Vikram Misri on Friday met the outgoing Ambassador of Nepal to India, Shankar Prasad Sharma, during a farewell call in the national capital, where both sides reviewed the longstanding bilateral partnership between the two countries.
According to the post on X by the Ministry of External Affairs, during the meeting, the Foreign Secretary reaffirmed India's commitme

"Geopolitical Earthquake": UAE quits OPEC to defy Saudi energy dominance, says analysis

Fri, 01 May 2026 15:08:34 GMT

UAE quits OPEC: 'Geopolitical earthquake' as Abu Dhabi breaks with Saudi leadership
Abu Dhabi [UAE], May 1 (ANI): In a move that has been described by analysts as a 'watershed moment' for West Asia, the United Arab Emirates on Tuesday announced its withdrawal from the OPEC and OPEC+ groupings, marking a definitive end to decades of economic deference to Saudi Arabia.
A new strategic analysis by PSIFOS Consu

Tattva Wellness Spa Wins 'Best Spa Chain' at GlobalSpa Awards 2026

Fri, 01 May 2026 14:58:28 GMT

HT Syndication
Mumbai (Maharashtra) [India], May 1: Tattva Wellness Spa, one of India's leading wellness brands, has been awarded the Best Spa Chain (Audit Awards) at the prestigious GlobalSpa Awards 2026, held on 22 April at JW Marriott Juhu, Mumbai.
The awards evening brought together leading names from the wellness, hospitality, and lifestyle sectors, with notable presence of Karan Johar, Soha Ali Khan,

'Cruel irony on Labour Day': CM Siddaramaiah calls LPG hike "Modi's 'gift' to working class"

Fri, 01 May 2026 14:52:18 GMT

Bengaluru (Karnataka) [India], May 1 (ANI): Karnataka Chief Minister Siddaramaiah on Friday accused the Centre of hiking commercial LPG cylinder prices immediately after Assembly elections, calling it 'organised looting'.
In a post on X, Siddaramaiah said the price of a 19-kg commercial LPG cylinder was increased by Rs 993 on May 1, taking the cost to Rs 3,071.50 per cylinder. He alleged the Centre had 'deliberat

"May Day Gift by Modi...": KTR demands immediate rollback of LPG price hike

Fri, 01 May 2026 14:48:10 GMT

Hyderabad (Telangana) [India], May 1 (ANI): Working President of the Bharat Rashtra Samithi (BRS) K T Rama Rao on Friday has demanded that the Central Government immediately roll back the steep hike in LPG cylinder prices, terming it an unprecedented burden on the poor and working classes.
Addressing May Day celebrations at Telangana Bhavan, KTR criticised the Bharatiya Janata Party-led Central Government for inc

Xiconomics: China's zero-tariff treatment boosts Africa's development prospects

Fri, 01 May 2026 14:45:25 GMT

Observers say that China's zero-tariff policy will further dismantle trade barriers, deepen China-Africa cooperation, and generate lasting benefits for the people of China and Africa, opening new avenues for jointly advancing modernization.
BEIJING, May 1 (Xinhua) -- In the rolling, lush fields of Ibiza Village in Kayonza District, eastern Rwanda, farmers are busy cultivating red chili peppers. G

Iran FM accuses Pentagon of lies in revealing cost of war

Fri, 01 May 2026 14:43:00 GMT

Tehran [Iran], May 1 (ANI): Foreign Minister of Iran, Abbas Araghchi on Friday accused the Pentagon of distorting war costs on Iran. Araghchi said that the 'gamble' war has costed the US USD 100 billion.
In a post on X, he said, 'The Pentagon is lying. Netanyahu's gamble has directly cost America $100b so far, four times what is claimed. Indirect costs for U.S. taxpayers are FAR higher. Monthly bill for each Amer

'I had said it,' says Rahul Gandhi; flags 993 LPG price jump in a day, alleges 81% rise in 3 months

Fri, 01 May 2026 12:13:31 GMT

New Delhi [India], May 1 (ANI): Leader of Opposition and Congress leader Rahul Gandhi on Friday alleged that domestic inflationary pressures were expected to rise after the elections, pointing to a sharp increase in the price of commercial LPG cylinders.
In a post on the social media platform X, Gandhi said the commercial gas cylinder price has gone up by 993 in a single day, calling it the 'biggest increase in a

Atishi slams BJP over commercial LPG price hike, calls it "return gift" after polls

Fri, 01 May 2026 09:51:05 GMT

New Delhi [India], May 1 (ANI): Leader of Opposition (LoP) in the Delhi Assembly, Atishi, on Friday criticised the Bharatiya Janata Party (BJP) over the sharp increase in commercial LPG cylinder prices, calling it a 'return gift' to the public following the election cycle.
In a post on X, Atishi wrote, 'BJP's 'Return Gift' to the People! A massive 993 hike in commercial LPG cylinder prices. In Delhi, a cylinder w

Rashid Khan opens up on back injury recovery, discusses GT's middle-order issues after win over RCB

Fri, 01 May 2026 09:31:34 GMT

Ahmedabad (Gujarat) [India], May 1 (ANI): Following Gujarat Titans' win over defending champions Royal Challengers Bengaluru (RCB), spinner Rashid Khan spoke about his recovery from a back injury and the team's ongoing middle-order concerns, saying he deliberately gave himself more time to complete rehabilitation and regain full fitness.
The Titans' sensational fielding and containment with the ball, spearheaded

Bulgaria Marks May 1 Labor Day

Fri, 01 May 2026 08:06:00 GMT

Labor Day on May 1 is a public holiday in Bulgaria and remains one of the most widely observed dates in the country's annual calendar. It marks international workers? solidarity and is traditionally associated with labor rights, public gatherings, and political messaging. In Bulgaria, the day carries both historical weight and modern social relevance, reflecting changes in the country's economy and workforce over the p

"Cylinders don't get expensive; roti-thali gets costlier": Akhilesh Yadav slams BJP over LPG price reduction

Fri, 01 May 2026 07:51:23 GMT

Lucknow (Uttar Pradesh) [India], May 1 (ANI): Samajwadi Party Chief Akhilesh Yadav on Friday criticised the BJP government for a mere Rs 7 reduction in commercial LPG cylinder prices, terming it insignificant in the face of rising inflation that is making the 'roti-thali' costlier for ordinary citizens.
In a post on X, Yadav wrote,'Cylinders don't get expensive; the roti-thali does. This is known only by the one

U.S.-VIRGINIA-ARLINGTON-PCE-INFLATION

Fri, 01 May 2026 07:48:11 GMT

(260501) -- ARLINGTON, May 1, 2026 (Xinhua) -- A woman fuels a vehicle at a gas station in Arlington, Virginia, the United States, on April 30, 2026. Fast-rising gasoline prices pushed the U.S. Federal Reserve's preferred inflation gauge to 3.5 percent in March, marking its highest rate in almost three years, according to new economic data released on Thursday.
The U.S. personal consumption expenditures (PCE) pr

PM Modi will be remembered as 'price hike man': Congress MP Pramod Tiwari

Fri, 01 May 2026 07:42:15 GMT

New Delhi [India], May 1 (ANI): Congress Rajya Sabha MP Pramod Tiwari on Friday sharply criticised the recent increase in LPG cylinder prices, alleging that the Centre has burdened citizens with rising inflation and timed the hike after elections.
Targeting Prime Minister Narendra Modi, Tiwari said the country would remember him as the 'Price Hike Man,' alleging that inflation under the current government has ris

Market to track Middle East conflict, earnings and auto sales after flat week; Indian equities closed today for Maharashtra Day

Fri, 01 May 2026 07:28:52 GMT

New Delhi [India], May 1 (ANI): The Indian stock market will closely monitor developments in the Middle East, the earnings season, and April auto sales data in the coming week, as investors navigate persistent global and domestic headwinds, SBI Securities said in its weekly outlook.
'Any positive breakthrough in the Middle East could improve risk appetite and support equity markets,' the brokerage noted, adding t

Trump's upcoming China visit influences strategic options on Iran: Reports

Fri, 01 May 2026 06:22:48 GMT

Washington, DC [US], May 1 (ANI): Reports from American media suggest that President Donald Trump's forthcoming diplomatic mission to China is significantly influencing his strategic deliberations concerning the conflict in Iran.
According to NBC, an anonymous White House official indicated that the scheduled trip is among the various factors currently being considered by the President as he evaluates his militar

China implements historic zero tariffs for all African nations with diplomatic ties

Fri, 01 May 2026 05:15:20 GMT

BEIJING, May 1 (Xinhua) -- China on Friday expanded its zero-tariff treatment to cover all 53 African countries with which it has diplomatic ties, creating new opportunities for Africa to boost exports and industrialization amid the global headwinds of protectionism.
In the early hours of Friday, 24 tonnes of apples from South Africa cleared customs in south China's Shenzhen, becoming the first batch of African g

US lawmakers probe Chinese AI firms over security risks and alleged exploitation of American models

Fri, 01 May 2026 05:09:20 GMT

Washington, DC [US] May 1 (ANI): House Select Committee on China Chairman John Moolenaar (R-MI) and House Committee on Homeland Security Chairman Andrew R. Garbarino (R-NY) have announced a joint investigation into the national security and cybersecurity threats linked to the expanding use of Chinese-developed artificial intelligence models.
These include low-cost, open-weight and API-accessible systems created b

Iran Delivers New Negotiation Plan To Pakistan

Fri, 01 May 2026 05:00:00 GMT

New posts
16:24
Iran Delivers New Negotiation Plan To Pakistan
Iran has delivered a new negotiation proposal to Pakistan, which is acting as mediator in talks with the United States.
Irans state news agency IRNA reported that the Islamic republic handed over the text of its latest plan on the evening of April 30, as part of efforts to end the ongoing conflict and advance diplomatic talks with

Trump 'Not Satisfied' With New Iranian Peace Proposal

Fri, 01 May 2026 05:00:00 GMT

Newest first

Newest first

Oldest first

19:06
Trump 'Not Satisfied' With Iranian Proposal
US President Donald Trump speaks with the media prior to departing from the the White House on May 1.
US President Donald Trump said he is "not satisfied" with a new Iranian proposal delivered by Tehran to Pakistan, which is acting as a mediator in talks with the U

KP's deepening CNG crisis paralyzes economy as 600 stations shut, province denied gas share

Fri, 01 May 2026 04:07:10 GMT

Khyber Pakhtunkhwa [Pakistan], May 1 (ANI): Khyber Pakhtunkhwa's worsening CNG crisis has brought economic activity close to a halt, with hundreds of filling stations closed and millions of people struggling to access affordable fuel, prompting the KP Zone of the All Pakistan CNG Association to seek urgent government intervention, according to Dawn.
Speaking at a press conference at the Peshawar Press Club on Tue

UN chief Guterres warns Hormuz Strait disruption could lead to "global recession"

Fri, 01 May 2026 04:03:18 GMT

New York [US], May 1 (ANI): United Nations Secretary General Antonio Guterres has urged the reopening of the Strait of Hormuz, saying that the longer it is choked, 'the higher the cost to humanity.'
'My message is clear: Open the Strait. Let all ships pass. Let the global economy breathe again,' he said on Thursday.
The world may face the 'spectre of a global recession' if the freedom of navigation through

Bhuvneshwar Kumar becomes 2nd Indian to reach 350 T20 wickets

Fri, 01 May 2026 03:30:39 GMT

Ahmedabad (Gujarat) [India], May 1 (ANI): Royal Challengers Bengaluru (RCB) and India pace veteran Bhuvneshwar Kumar became the first pacer and second Indian overall to reach the 350 wicket mark in T20s on Thursday.
Bhuvneshwar achieved this milestone during his side's Indian Premier League (IPL) match against the Gujarat Titans (GT) in Ahmedabad on Thursday. During a defence of 156 runs, Bhuvneshwar was sensati

No need for Congressional approval as ceasefire pauses Iran war 60-day clock: US War Secy

Fri, 01 May 2026 01:36:09 GMT

Washington DC [US], May 1 (ANI): US Secretary of War Pete Hegseth on Thursday (local time) told lawmakers that the Trump administration does not currently need congressional authorisation to continue military actions related to Iran, arguing that a ceasefire effectively pauses legal war powers deadlines, according to CNN reporting from a Senate Armed Services Committee hearing.
Under the 1973 War Powers Resolutio

Trump says only "couple of other people" know real status of Iran talks

Fri, 01 May 2026 00:52:28 GMT

Washington DC [US], May 1 (ANI): US President Donald Trump said negotiations with Iran are progressing behind closed doors and insisted that only a small circle inside his administration knows the true status of the talks.
Speaking to reporters in the Oval Office on Thursday (local time), Trump said, 'Nobody knows what the talks are, except myself and a couple of other people.'
The president acknowledged u

"Iran is dying to make a deal, I don't call it a war": Trump

Fri, 01 May 2026 00:04:11 GMT

Washington DC [US], May 1 (ANI): US President Donald Trump on Thursday (local time) made a series of claims about Iran, its internal situation, and ongoing Washington's actions there, asserting that American intervention has prevented mass executions and significantly degraded Iran's military capabilities.
Speaking during an executive order signing event in the Oval Office, Trump said Iran had carried out mass ki

U.S. key inflation gauge in March hits highest level in almost 3 years

Thu, 30 Apr 2026 23:15:15 GMT

NEW YORK, April 30 (Xinhua) -- Fast-rising gasoline prices pushed the U.S. Federal Reserve's preferred inflation gauge to 3.5 percent in March, marking its highest rate in almost three years, according to new economic data released on Thursday.
The U.S. personal consumption expenditures (PCE) price index for March rose 0.7 percent from February, a faster-than-expected acceleration from the previous monthly pace o

Eurozone teeters on stagflation in Q1 as Mideast conflict bites

Thu, 30 Apr 2026 20:15:08 GMT

European officials warned that prolonged conflict in the Middle East is adding to fiscal and economic pressures across the region. Mikko Spolander, director general of the economics department at Finland's finance ministry, said a swift resolution is critical to contain economic damage, warning the shock is compounding fiscal pressures.
BRUSSELS, April 30 (Xinhua) -- Latest Eurostat data released

India positioned to absorb global shocks and emerge stronger, says CEA Nageswaran

Thu, 30 Apr 2026 17:17:23 GMT

New Delhi [India], April 30 (ANI): The Indian economy is in a 'good position to absorb the shocks' and then 'emerge stronger' at the end of it, according to Chief Economic Adviser to the Government of India, V Anantha Nageswaran.
Speaking exclusively to ANI, Nageswaran noted that while the ongoing West Asia conflict presents immediate challenges, the country maintains a foundation capable of withstanding externa

Closer cooperation with China set to fuel growth in neighboring countries

Thu, 30 Apr 2026 17:15:26 GMT

BEIJING, May 1 (Xinhua) -- As global geopolitical uncertainties rise and the world accelerates toward multipolarity, neighboring countries increasingly view closer cooperation with China not merely as a strategic choice, but as a vital pathway to shared prosperity, high-level officials and scholars from across Asia said at a forum in Beijing.
Against a backdrop of global turbulence, China has rolled out its 15th

U.S.-NEW YORK-U.S. Q1 GDP

Thu, 30 Apr 2026 15:46:27 GMT

(260430) -- NEW YORK, April 30, 2026 (Xinhua) -- This photo taken on April 29, 2026 shows a container terminal at the Port of New York and New Jersey, the United States. The U.S. Commerce Department reported Thursday that the U.S. economy grew at an annualized rate of 2 percent in the first quarter, falling short of Wall Street expectations. (Xinhua/Zhang Fengguo)

The UAEs OPEC gambit: Clever power play or road to chaos

Thu, 30 Apr 2026 14:46:18 GMT

Abu Dhabis break with the oil cartel is less about barrels than power testing Riyadh, helping Trump, and redrawing Gulf alliances
Although the United Arab Emirates has tried to present its upcoming exit from OPEC and the wider OPEC+ framework as part of its sovereign energy strategy and long-term economic planning, its timing and regional context suggest that this is a political act.
With i

GERMANY-FRANKFURT-ECB-INTEREST RATES-UNCHANGED

Thu, 30 Apr 2026 14:45:32 GMT

(260430) -- FRANKFURT, April 30, 2026 (Xinhua) -- European Central Bank (ECB) President Christine Lagarde attends a press conference in Frankfurt, Germany, on April 30, 2026. ECB on Thursday left the three key interest rates unchanged. (ECB/Handout via Xinhua)

Iran's Supreme Leader vows security in Strait of Hormuz, says will "eliminate hostile enemy's abuses of this waterway"

Thu, 30 Apr 2026 14:43:02 GMT

Tehran [Iran], April 30 (ANI): Iran's Supreme Leader Ayatollah Mojtaba Khamenei on Thursday asserted that Tehran will ensure security in the strategically vital Strait of Hormuz and counter what he described as hostile activities in the region amid geopolitical tensions due to the Islamic Republic's recent confrontation with the US and the power struggle between the two sides over the virtual control of the strategic w

Pentagon lowballing Iran war cost CNN

Thu, 30 Apr 2026 14:29:10 GMT

The $25 billion figure given to Congress excludes the rebuilding of US bases damaged in Iranian strikes, sources have told the outlet
The Pentagon's latest cost assessment of the war against Iran is a lowball figure that does not include the extensive damage to US military bases during the conflict, CNN has reported, citing three people familiar with the matter.
On Wednesday, senior Pentago

GERMANY-BERLIN-INFLATION

Thu, 30 Apr 2026 13:16:59 GMT

(260430) -- BERLIN, April 30, 2026 (Xinhua) -- A train departs from Bornholmer Street station in Berlin, Germany, April 30, 2026. Escalating conflict in the Middle East is driving up living costs in Germany, with official data released Wednesday pointing to renewed inflationary pressure in Europe's largest economy and raising concerns over its fragile recovery.
TO GO WITH "Roundup: Mideast tensions push up Germa

Seasonal Direct Flights Between Varna and Paris Resume on April 30

Thu, 30 Apr 2026 13:10:00 GMT

Starting April 30, Bulgaria Air will resume its seasonal connection between Varna and Paris, reinforcing direct air access between Bulgaria's Black Sea coast and one of Europe's major capitals. The route will operate twice a week, with flights scheduled on Mondays and Thursdays, offering both leisure and business travelers a regular link during the warmer months.
One-way economy fares begin at 169 euros, position

"Young scientists must achieve new milestones in research": Governor Kavinder Gupta

Thu, 30 Apr 2026 12:29:33 GMT

Shimla (Himachal Pradesh) [India], April 30 (ANI): Himachal Pradesh Governor Kavinder Gupta called upon young scientists to achieve new milestones in the field of research that can assist farmers in improving their economic well-being.
He emphasised the need to cultivate a scientific temper among students, noting that this would not only empower farmers to become self-reliant but also contribute to boosting the

Rising temperatures spark comeback for India's consumer durables sector: Report

Thu, 30 Apr 2026 12:10:20 GMT

New Delhi [India], April 30 (ANI): India's consumer durables, electricals and EMS sector is poised for a gradual recovery after a volatile start to the summer season, with demand momentum improving sharply in recent weeks amid rising temperatures, according to a report by Nuvama Institutional Equities.
The report highlights that while early 2026 demand remained uneven, impacted by regional slowdowns, recent heat

Financier Blames Greedy Traders for Driving Inflation in Bulgaria

Thu, 30 Apr 2026 11:00:00 GMT

Bulgarian FinancierLevon Hampartzoumian criticized the effectiveness of state efforts to ease price pressures, commenting on the closure of government-backed stands dubbed "People Shop" offering cheaper goods. In his view, the initiative had limited impact from the outset. ??People Shop? is not a large-scale scheme? with a budget of 10 million leva, nothing substantial can be achieved,? he said, suggesting that only a

China's manufacturing PMI shows resilience in April

Thu, 30 Apr 2026 10:46:27 GMT

BEIJING, April 30 (Xinhua) -- China's manufacturing sector remained in expansion for the second consecutive month in April, with small and medium-sized enterprises (SMEs) returning to growth territory, signaling that policy support is gradually taking effect.
The purchasing managers' index (PMI) for China's manufacturing sector stood at 50.3 this month, down 0.1 percentage points from March but still above the 50

Deficient monsoon may push inflation higher, impact CPI by 0.4% in FY27: ICICI Bank Report

Thu, 30 Apr 2026 10:31:40 GMT

New Delhi [India], April 30 (ANI): A below-normal monsoon in 2026 could push inflation higher in India, with an estimated 0.4 per cent impact on Consumer Price Index (CPI), according to a report by ICICI Bank.
The report highlighted that the impact will largely be driven by rain-fed crops, which account for 6.1 per cent of the CPI basket, even as the overall food basket carries a weight of 34.8 per cent.
It

Artificial Intelligence Cannot Replace a Human Being: Arjun Ram Meghwal at JGU Book Launch on Technology Law

Thu, 30 Apr 2026 10:30:38 GMT

OP Jindal University
New Delhi [India], April 30: 'Innovation, Technology or Artificial Intelligence cannot replace a human being. AI poses many challenges, and we have become exceedingly technologically advanced, but it cannot replace a person,' said Shri Arjun Ram Meghwal, Hon'ble Minister of State for Law & Justice (IC), Government of India at the Launch of the book, Technology Law: Regulations, Cyber Poli

Opinion: Who pays for the war?

Thu, 30 Apr 2026 10:15:19 GMT

The U.S. administration vowed that Iran would "pay a big price." Yet the first measurable price has been paid by Washington: the Pentagon reports that U.S. military spending on the war has already reached 25 billion U.S. dollars.
It is American taxpayers who are footing the bill. Beyond the official ledger, the fallout is harder to count but easier to feel in daily life: higher fuel prices, rising transport costs

India's GDP forecast of 7-7.4% for FY27 clouded by West Asia war: Finance Ministry

Thu, 30 Apr 2026 08:45:49 GMT

New Delhi [India], April 30 (ANI): India's GDP growth forecast of 7-7.4 per cent for FY2026-27 is facing uncertainty due to the evolving macroeconomic outlook amid the ongoing West Asia conflict, according to the Finance Ministry's monthly economic review.
The ministry said India enters FY2026-27 at a point where strong domestic fundamentals are being tested by external challenges. It noted that the economy grew

EcoMedia Solutions introduces 'EcoMeter' to bring carbon accountability into advertising, media and marketing & events

Thu, 30 Apr 2026 08:42:46 GMT

New Delhi / Gurugram (Haryana) [India], April 30 (ANI): Sustainability has become a priority for most brands today, but when it comes to advertising, media, marketing and events, there is still no clear way to understand their actual environmental impact. EcoMedia Solutions (EcoMS) is looking to change that with the introduction of EcoMeter.
Built on its proprietary platform EMS (Environment Media Solutions), Eco

AUSTRALIA-CANBERRA-ECONOMY-INFLATION

Thu, 30 Apr 2026 06:45:12 GMT

(260430) -- CANBERRA, April 30, 2026 (Xinhua) -- A petrol station displays fuel prices in Canberra, Australia, on April 30, 2026. Australia's rate of inflation rose to its highest level in over two years in March as a result of record fuel prices driven by the conflict in the Middle East, the Australian Bureau of Statistics (ABS) said on Wednesday. (Photo by Zhang Na/Xinhua)

West Asia crisis poses supply shock risk, if recovery delayed inflation may spread across economy: Finance Ministry

Thu, 30 Apr 2026 06:31:40 GMT

New Delhi [India], April 30 (ANI): The Finance Ministry has warned that the ongoing West Asia crisis could lead to a supply shock for the Indian economy, with risks of rising inflation if oil supply disruptions persist, according to its monthly economic review for April.
The ministry noted that repairing damage to oil and gas production and supply infrastructure in the Gulf region may take several months.
I

Pezeshkian Says US Naval Blockade Will Ultimately Fail

Thu, 30 Apr 2026 05:00:00 GMT

New posts
11:25
Iranian President Says US Naval Blockade 'Doomed To Failure'
Iranian President Masud Pezeshkian said on April 30 that the US naval blockade of Iranian ports is contrary to the interests of regional countries and will ultimately fail.
In a written message read by government spokeswoman Fatemeh Mohajerani at a meeting marking Persian Gulf National Day, Pezeshkian said the securit

"Cut him some slack....": MI batting coach on Bumrah's poor IPL season following loss to SRH

Thu, 30 Apr 2026 04:55:06 GMT

Mumbai (Maharashtra) [India], April 30 (ANI): Following the Mumbai Indians' (MI) defeat to Sunrisers Hyderabad (SRH), MI batting coach backed struggling pace spearhead Jasprit Bumrah to bounce back and urged the fans to cut him some slack amid his poor season with the ball.
Mathematically, while MI is still in the tournament, things only continue to get worse for them, one, because they have slipped to their six

US Fed holds rates at 3.5%-3.75% amid dissent from four officials, flags Middle East tensions adding uncertainty

Thu, 30 Apr 2026 03:17:27 GMT

New Delhi [India], April 30 (ANI): The US Federal Reserve kept interest rates unchanged in the range of 3.5 per cent to 3.75 per cent at its latest policy meeting, even as four officials dissented and ongoing developments in West Asia added to uncertainty over the economic outlook.
In its statement, the Federal Open Market Committee (FOMC) said it decided 'to maintain the target range for the federal funds rate a

Brent crude crosses USD 120 after Trump says Hormuz blockade will continue till Iran agrees to deal

Thu, 30 Apr 2026 02:54:15 GMT

New Delhi [India], April 30 (ANI): Brent crude oil prices surged above USD 120 per barrel on Thursday after US President Donald Trump said the naval blockade of the Strait of Hormuz will continue until Iran agrees to a deal with the United States.
In an exclusive interview with Axios on Wednesday, Trump said the blockade is being used as a key tool to pressure Iran over its nuclear programme.
'The blockade

At Beijing auto show, rising fuel costs boost China's NEV opportunity

Thu, 30 Apr 2026 01:48:18 GMT

BEIJING, April 30 (Xinhua) -- Turmoil in the Middle East and the rising cost of filling a tank are giving drivers yet another reason to switch to Chinese new energy vehicles (NEVs), which are already all the rage with their competitive prices, chic designs and intelligent systems.
This shift is palpable at the world's biggest auto show, which is being held in Beijing. Sprawling across 380,000 square meters and wi

Trump welcomes UAE's OPEC exit, says move could bring down global fuel prices

Thu, 30 Apr 2026 01:32:13 GMT

Washington DC [US], April 30 (ANI): US President Donald Trump on Wednesday welcomed the United Arab Emirates' decision to exit the OPEC and OPEC+ alliance, saying the move could help bring down global oil and gas prices.
'I think it's great. I know him very well, Mohammed. He is very smart. And he probably maybe wants to go his own way. That's a good thing for getting the price of gas down, getting oil down, gett

No deal unless no nukes: Trump calls US naval blockade against Iran 'genius'; CENTCOM says 42 ships turned back

Thu, 30 Apr 2026 01:00:52 GMT

Washington DC [US], April 30 (ANI): US President Donald Trump on Wednesday described the ongoing US naval blockade against Iran as 'genius,' asserting that Tehran would have to concede defeat while ruling out any agreement unless it abandons its nuclear ambitions.
'The blockade is genius. The blockade has been 100% foolproof. It shows how good our Navy is, I can tell you that. Nobody's going to play games. We hav

Indian carriers plan to resume operations at Hamad International Airport as fragile ceasefire holds in West Asia

Thu, 30 Apr 2026 00:37:01 GMT

Doha [Qatar], April 30 (ANI): In a significant move, India's leading airlines are set to restore full-scale operations at Hamad International Airport (DOH) starting today, May 1.
The resumption comes exactly two months after Operation Epic Fury (launched Feb 28, 2026), a joint US-Israeli military campaign that targeted Iranian leadership and nuclear infrastructure. This triggered a massive regional conflagration.

Railway Minister Ashwini Vaishnaw to flag off extended Srinagar-Jammu Vande Bharat today

Thu, 30 Apr 2026 00:19:34 GMT

New Delhi [India], April 30 (ANI): Union Minister for Railways Ashwini Vaishnaw will flag off the extended Srinagar-Katra Vande Bharat Express service from Jammu Tawi Railway Station on Thursday.
The train, which previously operated from Srinagar up to Shri Mata Vaishno Devi Katra, will now run all the way to Jammu Tawi, bringing the country's most modern train directly to J&K's largest city and railway hub.<

Update: U.S. Fed keeps interest rate unchanged amid high energy prices

Thu, 30 Apr 2026 00:15:15 GMT

Of the 12 FOMC members, 11 voted for keeping the rate unchanged. Stephen Miran, who voted against the action, preferred to lower the target range for the federal funds rate by 25 basis points at the meeting.
WASHINGTON, April 29 (Xinhua) -- The U.S. Federal Reserve on Wednesday decided to maintain its target range for the federal funds rate at 3.5-3.75 percent as high energy prices added inflatio

World economy will suffer terrible crisis amid rising crude prices: Economist Jeffrey Sachs

Thu, 30 Apr 2026 00:10:17 GMT

New Delhi [India], April 30 (ANI): Renowned economist Jeffrey Sachs on Wednesday issued a stark warning that the global economy is teetering on the edge of a 'terrible crisis,' primarily driven by the escalating geopolitical tensions in West Asia and the resulting surge in crude oil prices.
'The world economy will suffer a terrible crisis,' Sachs said while addressing FICCI Legend Series, cautioning that sustaine

U.S.-WASHINGTON, D.C.-FEDERAL RESERVE-CHAIR-JEROME POWELL

Wed, 29 Apr 2026 23:45:33 GMT

(260429) -- WASHINGTON, April 29, 2026 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, April 29, 2026. The U.S. Senate Committee on Banking, Housing and Urban Affairs on Wednesday advanced confirmation of Kevin Warsh's nomination as the next Federal Reserve chair with a vote on party lines. Fed Chair Jerome Powell's term as Fed chair ends on May 15

Delhi govt holds stakeholder consultation on Draft EV Policy 2026 under chairmanship of Transport Minister Pankaj Kumar Singh

Wed, 29 Apr 2026 22:54:16 GMT

New Delhi [India], April 29 (ANI): The Government of NCT of Delhi on Wednesday convened a Stakeholder Consultation Conference on the Draft EV Policy 2026, bringing together key players from across the electric mobility ecosystem.
The consultation aimed to gather actionable feedback and recommendations from industry stakeholders to support the evidence-based refinement and finalisation of the policy, according to

China wont fight the US, but may still pay the price

Wed, 29 Apr 2026 22:17:22 GMT

Beijings cautious foreign policy reflects deeper strategic constraints
The dramatic events of the first months of 2026 offer a useful lens through which to assess the evolving role of the world's major powers. Among those often cast as architects of a new international order, China stands out, arguably even ahead of Russia and the United States, both of which remain preoccupied with their rivalry

GIFT City to take centre stage at Vibrant Gujarat Regional Conference in Surat

Wed, 29 Apr 2026 22:14:23 GMT

Gandhinagar (Gujarat) [India], April 29 (ANI): The Government of Gujarat, in association with GIFT City, will host high-impact seminars at the Vibrant Gujarat Regional Conference (VGRC) - South Gujarat, scheduled to be held on May 1 and 2 at AURO University, Surat.
These sessions will spotlight GIFT City - India's first operational International Financial Services Centre (IFSC) and its emerging role as a global

CM Dhami attends Silver Jubilee Celebration of Uttarakhand Forest Development Corporation

Wed, 29 Apr 2026 22:00:59 GMT

Dehradun (Uttarakhand) [India], April 29 (ANI): Uttarakhand Chief Minister Pushkar Singh Dhami on Wednesday attended the 'Silver Jubilee Celebration' held at the Chief Minister's residence in Dehradun to mark the completion of 25 years of the Uttarakhand Forest Development Corporation.
On this occasion, he announced that a new office of the Corporation will also be opened in the Kumaon division. He further direct

U.S. Fed keeps interest rate unchanged amid high energy prices

Wed, 29 Apr 2026 18:15:31 GMT

NEW YORK, April 29 (Xinhua) -- The U.S. Federal Reserve on Wednesday decided to maintain its target range for the federal funds rate unchanged at 3.5-3.75 percent as high energy prices added inflation pressures.

Mideast tensions push up Germany inflation, threaten fragile recovery

Wed, 29 Apr 2026 17:45:07 GMT

Germany's inflation rate rose to 2.9 percent in April from 2.7 percent in March, as surging energy prices fed into broader consumer costs. The increase marks a clear shift from the roughly 2-percent level seen in recent months.
BERLIN, April 29 (Xinhua) -- Escalating conflict in the Middle East is driving up living costs in Germany, with official data released Wednesday pointing to renewed inflat

Middle East war to drive 24% surge in energy costs World Bank

Wed, 29 Apr 2026 17:40:55 GMT

The world is facing the biggest global energy supply shock on record, which will drive inflation and dampen economic growth globally
The Middle East war has triggered the biggest global energy supply shock on record and will drive a sharp rise in commodity prices, pushing inflation higher and slowing economic growth worldwide, the World Bank has warned.
Attacks on energy infrastructure and

Indian markets end higher despite brent crude topping $115, Nifty gains 0.8% led by ITC and Reliance

Wed, 29 Apr 2026 17:10:32 GMT

New Delhi [India], April 29 (ANI): The Indian stock markets displayed resilience on Wednesday, closing in the green despite Brent crude prices surging to $115 per barrel -- their highest level since 2022 -- amid heightened uncertainty over the Iran war and the UAE's decision to exit OPEC.
The Nifty 50 settled at 24,177.65 points, up 0.8 per cent, while the BSE Sensex closed 609.45 points higher at 77,496.36 point

Pakistan: Lockdown to conserve energy strangles trade in twin cities as traders demand immediate relief

Wed, 29 Apr 2026 17:07:28 GMT

Rawalpindi [Pakistan] April 29 (ANI): The Central Traders Association Rawalpindi Cantonment has called for the immediate removal of the ongoing 'smart' lockdown, urging authorities to restore normal business operations and create a supportive environment for commercial activity, as reported by The Express Tribune.
According to a previous report by Dawn, 'smart lockdown' in Pakistan is as part of the austerity mea

Shock and opportunity: The consequences of the UAEs OPEC exit

Wed, 29 Apr 2026 16:36:31 GMT

Abu Dhabis break with the cartel could flood markets, rattle prices, and redraw power lines from Riyadh to Moscow
The United Arab Emirates has announced its withdrawal from OPEC and the OPEC+ format effective May 1, 2026, ending nearly six decades of membership. This marks the largest institutional disruption to the oil production coordination system since the establishment of the expanded OPEC+

60 days later: the US-Israeli war on Iran so far

Wed, 29 Apr 2026 15:28:34 GMT

Donald Trumps misadventure in the Persian Gulf has become a quagmire
Sixty days into the US-Israeli war on Iran, peace talks are stalled and the world is bracing for yet more economic pain. RT asks how we got here, and who - if anyone - is really winning in the Persian Gulf?
April 29 marks 60 days since the US and Israel launched their war on Iran. The initial hours of the conflict were mar

Bulgarias Annual Inflation Jumps to 7.1% in April

Wed, 29 Apr 2026 14:00:00 GMT

Bulgaria's inflation accelerated sharply in April, with the National Statistical Institute (NSI) estimating monthly inflation at 2% and annual inflation reaching 7.1% under the consumer price index (CPI), according to its express preliminary assessment published on the institution's website.
This marks a significant rise compared to March, when the NSI initially projected monthly inflation at 0.7% and annual infl

US Fed likely to hold rates steady, amid inflation risks from conflict, in policy announcement today: Report

Wed, 29 Apr 2026 13:56:53 GMT

New Delhi [India], April 29 (ANI): The US Federal Reserve is expected to keep interest rates unchanged at its upcoming policy meeting on Wednesday, as rising inflation risks from geopolitical tensions and a slowing growth outlook complicate the policy environment, according to a report by ICICI Bank.
The report said that at the conclusion of its policy meeting scheduled for April 28-29, the Federal Open Market Co

IT services growth to stay range-bound at 3 per cent as AI deflation pressures margins, mid-tiers better placed says Kotak

Wed, 29 Apr 2026 13:54:50 GMT

New Delhi [India], April 29 (ANI): The Indian IT services sector faces a prolonged phase of slower growth and margin pressure as AI-driven budget shifts crowd out traditional services spending, with no meaningful recovery in sight for FY2027, according to a brokerage report. While total technology spending is accelerating, the incremental dollar is flowing into GPU infrastructure, foundation models and AI software rath

Trump's claims of "collapse" stem from "propaganda": Iranian Consul General in Mumbai

Wed, 29 Apr 2026 13:37:23 GMT

Mumbai (Maharashtra) [India], April 29 (ANI): Iran's Consul General in Mumbai, Saeid Reza Mosayeb Motlagh, has dismissed claims regarding Tehran's economic and political stability, describing assertions made by US President Donald Trump as often stemming 'either from misperceptions or from propaganda considerations.'
Speaking to ANI, the Consul General addressed the alleged financial losses and diplomatic pressur

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