Washington’s naval blockade of the Strait of Hormuz is threatening to tip Asia into its worst energy crisis in living memory, with peace talks on the Iran war stalled and no clear timeline for when oil flows might resume.
Iran said it could suspend uranium enrichment for up to five years but the Trump administration insisted on 20 years, officials from both countries said.
Chinese president says Spain and China are ‘morally upright’ nations that should strengthen their co-operation Chinese president says Spain and China are ‘morally upright’ nations that should strengthen their co-operation.
Also in today’s newsletter: Iran and the US keep talking while OpenAI’s $852bn valuation comes under scrutiny from backers Also in today’s newsletter: Iran and the US keep talking while OpenAI’s $852bn valuation comes under scrutiny from backers.
The government should treat prolonged disruption in global energy and raw materials markets as a given and reinforce its emergency response system, said President Lee Jae Myung in a Cabinet meeting.
Migrant workers in the United Arab Emirates, whose hospitality industry has been hit hard by the war with Iran, are facing furloughs, pay cuts and even repatriation.
The United Nations has issued a grim warning about the costs to the Asia-Pacific region of a prolonged conflict in Iran, forecasting job losses, crippling inflation and food insecurity, with the poorest nations brutally exposed to the oil shock and millions of informal workers facing the body blow of rising transport costs. More than 8 million people across the Asia-Pacific could be plunged into p More than 8 million people across the Asia-Pacific could be plunged into p.
China and Spain should work closely to resist “the law of the jungle” and defend true multilateralism in a turbulent world caught in “a contest between justice and power”, Chinese President Xi Jinping told visiting Spanish Prime Minister Pedro Sanchez in a meeting on Tuesday. The meeting came after both sides strongly condemned the US-Israel miliary actions on Iran and criticised the US blockade o The meeting came after both sides strongly condemned the US-Israel miliary actions on Iran and criticised the US blockade o.
Nepal’s tourism industry is scrambling to offset a sharp fall in Western visitors during the peak spring trekking season, with operators and officials turning their attention to Asia-Pacific markets as conflict-linked travel disruptions ripple through the Middle East. Arrivals from the Americas and Europe, which account for a sizeable share of Nepal’s higher-spending long-haul tourism business, dr Arrivals from the Americas and Europe, which account for a sizeable share of Nepal’s higher-spending long-haul tourism business, dr.
Several other such posts have been shared by Iranian missions across the globe Several other such posts have been shared by Iranian missions across the globe.
At a top-level meeting of her 26 department chiefs in March, European Commission President Ursula von der Leyen quietly approved a plan to stop EU funds from going to clean technology projects containing Chinese inverters. Inverters are the essential power electronics at the heart of solar and wind systems. Industry groups estimate that Chinese companies led by Huawei Technologies control more tha Industry groups estimate that Chinese companies led by Huawei Technologies control more tha.
A statutory advisory body in Hong Kong will be given new powers as early as June to investigate government department heads over “serious, widespread or systemic” problems, as part of a broader push to institutionalise official accountability. The subsidiary legislation drafted by the Civil Service Bureau, which was submitted to the Legislative Council on Tuesday, sought to grant the Public Servic The subsidiary legislation drafted by the Civil Service Bureau, which was submitted to the Legislative Council on Tuesday, sought to grant the Public Servic.
First-quarter results come amid growing concerns around the links between traditional lenders and the private credit boom First-quarter results come amid growing concerns around the links between traditional lenders and the private credit boom.
Hong Kong’s sole legal betting operator and lawmakers were caught off guard by the government’s abrupt decision to suspend the rollout of legal basketball betting, which some believe was intended to align with Beijing’s efforts to curb gambling amid a surge in prediction markets. The government confirmed on Monday that it would suspend its plan to launch basketball betting, which had been schedule The government confirmed on Monday that it would suspend its plan to launch basketball betting, which had been schedule.
A former student opened fire at his former high school on Tuesday in Turkey, where school shootings are rare, wounding 16 people including students before killing himself, officials said. Special security forces were deployed to the school in southeastern Turkey’s Sanliurfa province, where students were evacuated, local governor Hasan Sildak said. Television footage showed ambulances standing by o Television footage showed ambulances standing by o.
Regulator urges governments to fast-track long-delayed idea to help break down merger barriers Regulator urges governments to fast-track long-delayed idea to help break down merger barriers.
As Rolex confirmed the end of the legendary "Pepsi" GMT-Master II, the watchmaker also unveiled a slate of new models at Watches and Wonders 2026 to mark the Oyster's 100th anniversary.
A leading sovereign wealth fund from Central Asia has cast a vote of confidence in Chinese debt and the country’s currency by becoming the first institution from the region to sell yuan-denominated debt, known as panda bonds, in China’s onshore market. The decision by Kazakhstan’s sovereign wealth fund, Samruk-Kazyna, to sell 3 billion yuan (US$440 million) in China’s interbank market comes as glo The decision by Kazakhstan’s sovereign wealth fund, Samruk-Kazyna, to sell 3 billion yuan (US$440 million) in China’s interbank market comes as glo.
A Moroccan man studying in eastern China has been hailed as a hero by local residents and received an award for saving a drowning woman from a lake. On the evening of April 6, Ayoub Fadil, 21, a student at Hangzhou Dianzi University in Hangzhou, Zhejiang province and several foreign friends were walking around Jinsha Lake when they noticed a woman floating in the water. A lifebuoy thrown by some r.
The 68-year-old assumed the presidency while retaining his role as Communist Party chief – a dual mandate analysts say could bolster Vietnam’s global ambitions.
Watch sanctioned ship pass through Strait of Hormuz after US blockade The Independent Watch sanctioned ship pass through Strait of Hormuz after US blockade The Independent.
The incoming prime minister of Hungary is no fan of Ukraine, but he says he wants to work with the European Union, raising hopes he'll lift a Hungarian veto on a $100 billion EU loan to Kyiv.
George Robertson’s focus is on defence but highlights failings elsewhere in Keir Starmer’s government George Robertson’s focus is on defence but highlights failings elsewhere in Keir Starmer’s government.