Breaking 08:45 Volvo cars reports decline in sales despite growth in electric vehicle segment 08:20 Emirates restores 96% of its network as global aviation fuel crisis deepens 08:15 Audi moves forward with US launch of flagship suv despite tariff uncertainty 07:38 UAE air defenses intercept Iranian missiles and drones amid Gulf escalation 07:18 Iran's nuclear timeline unchanged despite ongoing war, US intelligence finds 16:20 OpenAI launches a $10 billion joint venture to embed AI in private equity firms 16:00 Wildfires spread across the Northern Hemisphere weeks ahead of schedule 15:38 Iranian supertanker carrying $220 million in crude breaks through US naval blockade 15:20 Bitcoin stalls near $78,000 as Binance logs five days of stablecoin outflows 14:55 Germany maps US potash dependency as potential lever in trade standoff 14:37 Oil shock and Wall Street euphoria put global economy on recession watch 13:42 US backs Lai after surprise Eswatini visit draws sharp rebuke from Beijing 13:20 Dubai airport traffic collapses 66 percent in March as regional war disrupts Gulf aviation 13:03 Rockstar Games developers allege unpaid overtime amid GTA 6 crunch at India studio 11:45 Fifa faces world cup broadcast crisis as India and China deals remain uncertain 11:21 Jet fuel crisis grounds airlines worldwide as Spirit Airlines shuts down operations 11:00 Pakistan facilitates return of Iranian cargo ship crew seized by the United States 10:30 New Mexico seeks changes to Meta platforms in youth harm trial 10:04 United Airlines Boeing 767 strikes lamppost and truck while landing at Newark airport 09:30 AI chipmaker Cerebras targets strong valuation in US IPO push

Audi moves forward with US launch of flagship suv despite tariff uncertainty

German automaker Audi is moving forward with plans to launch its flagship SUV, the Q9, in the United States market this summer. The decision comes despite uncertainty surrounding potential increases in tariffs on European automotive imports. Tariff concerns Loom The possible rise in tariffs—reportedly up to 25%—has raised concerns......

UAE air defenses intercept Iranian missiles and drones amid Gulf escalation

The United Arab Emirates issued an emergency alert on Sunday warning residents of potential missile threats before declaring the situation under control, as Iranian strikes against Gulf targets enter a new phase within a broader confrontation between Tehran and Washington over the Strait of Hormuz. The episode marks the latest escalation in......

Iran's nuclear timeline unchanged despite ongoing war, US intelligence finds

Two months into a United States military campaign against Iran, American intelligence assessments indicate that the time Tehran would need to build a nuclear weapon has not changed since last summer, when a joint US-Israeli strike pushed that estimate back to roughly nine months to one year. Three sources familiar with the matter confirmed......

OpenAI launches a $10 billion joint venture to embed AI in private equity firms

OpenAI has finalized a joint venture valued at $10 billion, raising more than $4 billion from 19 investors in what represents the company's most aggressive move yet to embed its artificial intelligence technology directly inside large enterprises ahead of an anticipated public offering. The entity, known internally as "DeployCo"......

Wildfires spread across the Northern Hemisphere weeks ahead of schedule

An unusually early wildfire season has taken hold across the Northern Hemisphere, with active fires burning from the American Southwest to central Europe. Drought conditions, record-low snowpack, and abnormally high temperatures have combined to create dangerous fire weather well before the traditional summer peak. In Arizona, the Hazen Fire......

Iranian supertanker carrying $220 million in crude breaks through US naval blockade

An Iranian supertanker loaded with more than 1.9 million barrels of crude oil has successfully navigated past the American naval blockade and reached Southeast Asian waters, in one of the most direct challenges yet to Washington's efforts to choke off Tehran's petroleum exports. The vessel, a very large crude carrier operating under......

Bitcoin stalls near $78,000 as Binance logs five days of stablecoin outflows

Bitcoin entered May under quiet but measurable strain. After a rally that carried the cryptocurrency from $74,000 to $78,000 between mid and late April, on-chain data from Binance now points to fading momentum, with five consecutive days of net stablecoin outflows draining liquidity from the world's largest exchange by trading volume.......

Germany maps US potash dependency as potential lever in trade standoff

German officials tasked with identifying vulnerabilities in American supply chains have singled out potash, a critical agricultural input that the United States imports in overwhelming quantities, as a potential pressure point in any future confrontation with the Trump administration. The analysis forms part of a broader effort by Berlin and......

Oil shock and Wall Street euphoria put global economy on recession watch

Global economies may be sleepwalking toward a deep recession even as American stock markets continue to set records, according to a warning from Amrita Sen, founder of Energy Aspects, who described the resilience of equity markets in the face of one of the worst oil supply shocks in history as "misplaced euphoria." The S&P 500......

US backs Lai after surprise Eswatini visit draws sharp rebuke from Beijing

Taiwanese President Lai Ching-te completed a surprise state visit to Eswatini, Taiwan's only remaining diplomatic ally on the African continent, after an earlier attempt was derailed when three Indian Ocean nations revoked overflight permissions for his chartered aircraft. Taipei described the move as Chinese economic coercion. The visit......

Dubai airport traffic collapses 66 percent in March as regional war disrupts Gulf aviation

Dubai International Airport, the world's busiest hub for international passenger traffic, recorded a 65.7 percent year-on-year drop in passenger numbers in March 2026, welcoming just 2.5 million travelers as the conflict involving the United States, Israel, and Iran triggered repeated airspace closures and drone incidents across the Gulf......

Rockstar Games developers allege unpaid overtime amid GTA 6 crunch at India studio

An anonymous review posted on Glassdoor by a developer at Rockstar Games' studio in Bengaluru, India, has reignited debate over crunch culture in the video game industry. The post, which appeared on May 3 and was attributed to a quality assurance analyst at Rockstar India, describes a sharp escalation in pressure over the past month as......

Fifa faces world cup broadcast crisis as India and China deals remain uncertain

The global football governing body FIFA is facing growing uncertainty over broadcasting rights for the upcoming World Cup, as negotiations with key markets such as India and China remain unresolved. Deadlock in India In India, a joint venture between Reliance and Disney has reportedly offered around 20 million dollars for the broadcasting......

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