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Subscribe to enjoy similar stories.Pakistan has stepped up to play a useful role in mediating between the United States and Iran in attempting to bring the latest West Asian war to an end. It should not surprise us that the Pakistani establishment, which has a culture of geopolitical risk-taking, has turned adversity into an opportunity.Not only does the continuation of the war mean economic disaster, there is a real chance that Pakistani armed forces can be summoned to a war that they do not want to fight.

Subscribe to enjoy similar stories.When the 1973 oil crisis struck, it dramatically changed the way that economies used fossil fuels such as petroleum. Economies are still fossil-fuel dependent, but much less than about 50 years ago. The West Asia war could prove another turning point in the story of dependence on fossil fuels.

Subscribe to enjoy similar stories.It has been a bruising week for the news cycle, starting with gunfire outside the White House Correspondents’ Dinner and ending with a geopolitical jolt from the United Arab Emirates’ (UAE) exit from the Organization of the Petroleum Exporting Countries (Opec).Let’s begin with Washington.President Donald Trump, Vice President J.D. Vance and other senior officials were rushed to safety after shots were heard outside the venue hosting the annual gathering of journalists and political leaders.

Subscribe to enjoy similar stories.BENGALURU: Cognizant Technology Solutions Corp. is cutting jobs as it pivots towards artificial intelligence (AI), marking one of the first instances of a large IT services firm explicitly linking AI-led disruption to headcount.In an internal memo to more than 350,000 employees, Surya Gummadi, head of Cognizant’s US business, said the layoffs reflect a “real” and “accelerated” shift in how the industry operates, with the company moving to redeploy resources towards AI capabilities and partnerships.

Subscribe to enjoy similar stories.When France opens their World Cup campaign on 17 June against Senegal at the Metlife Stadium in New Jersey, they will do so as one of the firm favourites to lift the greatest prize in the game. Winners in 2018 and finalists in 2022, France will arrive on US soil brimming, as usual, with some of the finest players on the global stage right now.

Subscribe to enjoy similar stories.The Iran war has offered China, Russia and North Korea—the U.S.’s biggest security threats—a rare opportunity to learn about the capabilities and limitations of the U.S. military.The three powers have witnessed certain new American weapons in combat for the first time, including lightning-fast precision airstrikes assisted by artificial intelligence.

Subscribe to enjoy similar stories.Mumbai: Fast-moving consumer goods makers are leaning on a mix of price increases, smaller pack sizes and tighter cost controls to navigate raw-material volatility triggered by the ongoing US-Iran war, while still reporting robust volume growth for the March quarter. The ongoing war blew up end February this year, disrupting global supply chains.Executives at top firms said calibrated pricing and ‘shrinkflation’ are helping them protect margins. The trend shows staples demand have held up, but also points to a gradual pass-through of higher commodity and packaging costs to consumers as geopolitical disruptions keep input prices elevated.At Hindustan Unilever Ltd, the strategy is already in motion.

Subscribe to enjoy similar stories.Last year was a major step forward in the clean energy revolution, with installations of renewable sources such as solar panels and wind turbines hitting record highs not only in the developed world, but in emerging economies too. But then came the war in Iran, a global curve ball that’s bound to change our collective future in unpredictable ways.

Subscribe to enjoy similar stories.Is curbing oil demand the way ahead to stabilize global energy markets? That could be the case as the global energy landscape stares at a critical rebalancing act.The escalating conflict in West Asia is forcing the global oil market into a phase of “demand destruction”, with nearly 4.8 million barrels per day (mbpd) of supply shortfall expected to be absorbed through lower consumption, according to a report by PL Capital.Global oil prices have been on the boil since the outbreak of the conflict between the US and Iran, triggering the biggest energy crisis. However, prices fell briefly on account of the two-week ceasefire agreed on 8 April.

Subscribe to enjoy similar stories.For almost five decades, Iran’s Islamic government has survived financial pressure from the U.S. by selling oil to China. It confronted American military might with guerrilla tactics.

Subscribe to enjoy similar stories.The US Federal Reserve kept its main policy rate unchanged on Wednesday as Jerome Powell presided over the rate-setting committee’s meeting for the last time. The Fed is concerned about inflation, which has exceeded its 2% target and could rise further as the supply shock caused by the war in West Asia sends prices of goods and services soaring in the US and elsewhere.

Subscribe to enjoy similar stories.President Trump says he is weighing whether to reduce the number of U.S. troops stationed in Germany. If he goes ahead, it would reshape the military presence that has allowed America to project power in Europe, the Middle East and beyond.Trump’s remarks came amid a spat with German Chancellor Chancellor Friedrich Merz, who told a group of students that the U.S.

Subscribe to enjoy similar stories.Talk of the Indian rupee at 100 to the dollar is back. The currency has been among the worst performers globally since 2025, and 2026 hasn’t offered much relief. It has continued to weaken, even as the 95 level against the US dollar holds, for now.The rupee on Thursday settled at 94.84 against the dollar, up 4 paise on the day—little to change the broader direction.

Subscribe to enjoy similar stories.Last month, France did something that would have been unimaginable a few years ago; certainly before the outbreak of the Ukraine war, when US-led sanctions cut Russia off from the Swift payment system, the main messaging network that enables secure international financial transactions, and froze more than $300 billion of its assets. Its central bank, the Bank of France, pulled out its remaining gold reserves held in New York. Admittedly, no central bank today relies on gold to back its currency.

Subscribe to enjoy similar stories.Indian equities ended the holiday-truncated week only marginally higher, as stalled talks between the US and Iran and president Donald Trump's rejection of Tehran's proposal to remove the blockade of Hormuz pushed crude prices to a three-year high of $126 per barrel.Still, benchmark indices posted their best monthly show in nearly three years in a relief rally, as investors piled into beaten-down stocks after US and Iran announced a ceasefire early in April following more than a month of conflict.Surging crude prices pushed the rupee to a record low of 95.32 against the US dollar, sparking concerns that a fragile West Asia truce could unravel, intensifying inflationary and margin pressures. The weakening currency also accelerated foreign outflows, further dampening market sentiment.The Nifty 50 slipped 0.3% to 23,997.55, while the Sensex fell 0.8% to 76,913.5 on Thursday amid geopolitical concerns.

Subscribe to enjoy similar stories.How should you invest now that Kevin Warsh is almost certain to be the next Federal Reserve chair? The short answer: Stay the course.Warsh is headed for Senate confirmation and is likely to take over from Jerome Powell in mid-May. His first meeting leading the Federal Open Market Committee will be in June.

Subscribe to enjoy similar stories.When Yeats wrote his celebrated poem The Second Coming in 1919, the lines “Things fall apart; the centre cannot hold;/Mere anarchy is loosed upon the world” caught the world’s attention, recovering as it was from the wanton violence of World War I. What inspired the poet is contested, but his words are as relevant today as they were a century ago. The senseless Iran war is taking the core of global certainties apart, with much of the globally accepted compact coming unstuck.

Subscribe to enjoy similar stories.WASHINGTON—Just weeks after President Trump declared the Strait of Hormuz “COMPLETELY OPEN AND READY FOR BUSINESS” only to see ship traffic stall, the administration is now asking other countries to join a new international coalition that would enable ships to navigate the waterway.The effort, called the “Maritime Freedom Construct,” was spelled out in an internal State Department cable sent to U.S. embassies on Tuesday that called on U.S.

Subscribe to enjoy similar stories.India is planning to build a six-month strategic reserve of critical minerals to shield its green energy and manufacturing sectors from supply shocks and price swings, two people aware of the matter said. The Union ministries of mines and heavy industries are working on a plan to stockpile imported and locally sourced critical minerals such as lithium, cobalt, nickel, copper and rare earth elements, a segment dominated by China.The strategic reserve will act as a long-term safeguard for sectors such as electric mobility, energy storage and electronics manufacturing, which are increasingly dependent on imports, the people cited above said on the condition of anonymity.

Subscribe to enjoy similar stories.Anthropic’s Mythos, a frontier artificial intelligence (AI) model, can outperform humans in detecting vulnerabilities across systems, including banks, telcos and utilities. While it can detect flaws faster and better than humans, global agencies warn it could be used as a potential cyberweapon too. Mint decodes.Claude Mythos or Mythos is US-based Anthropic's advanced AI model designed to handle complex cybersecurity tasks such as identifying bugs, analyzing systems and even generating exploits.

Subscribe to enjoy similar stories.This summer’s World Cup was supposed to be the triumphant return of the planet’s favorite sport to America. But as the U.S. men’s national team prepares to host the tournament for the first time since 1994, its opening game has even hardcore fans feeling left out.The first match, against Paraguay on June 12 in Los Angeles, should have been a sold-out celebration.