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hormuz chaos

Washington/Islamabad, April 19 -- At least two merchant vessels reported they were hit by gunfire as they attempted to cross the Strait of Hormuz on Saturday, three maritime security and shipping sour... Read More


Trump says review of UFO docs uncovered 'interesting' stuff

PHOENIX, April 19 -- President Donald Trump said on Friday that his administration's review of Unidentified Flying Object (UFO)-related material uncovered a number of "interesting" documents, adding t... Read More


India's first maritime-focused lender eyes $1 bn FY27 fundraise

NEW DELHI, April 18 -- Sagarmala Finance Corp., India's first maritime-focused non-banking financial company, plans to raise as much as Rs.10,000 crore ($1.08 billion) in financial year 2027 to expand... Read More


China steps up Iran diplomacy while seeking smooth summit with US president next month

BEIJING/HONG KONG, April 18 -- China is accelerating its efforts to end the Iran war, walking a diplomatic tightrope as it prepares for a summit next month with U.S. President Donald Trump while tryin... Read More


Myanmar cuts ex-leader Aung San Suu Kyi's sentence, frees former president

Naypyidaw, April 18 -- Myanmar has reduced the sentence of imprisoned ex-leader Aung San Suu Kyi, her lawyer told Reuters on Friday, as part of an amnesty by a new president who ousted her government ... Read More


UK PM pleads ignorance over Mandelson vetting, resists renewed pressure to quit

LONDON, April 18 -- Prime Minister Keir Starmer expressed anger on Friday over not being informed that his former ambassador to the United States had failed security vetting before being handed the jo... Read More


'US to delay arms deliveries to some European nations due to war in Middle East'

WASHINGTON, April 18 -- US officials have informed some European counterparts that some previously contracted weapons deliveries are likely to be delayed as the Iran war continues to draw on weapons s... Read More


Foreign investors grow more wary as FX curbs hit bonds

MUMBAI, April 18 -- India's foreign exchange restrictions have made it costlier and more complex for overseas investors to hedge against rupee swings, denting the appeal of Indian bonds, while a war-d... Read More


Flipkart plans foray into ticketing market as live events boom

BENGALURU/NEW DELHI, April 18 -- Walmart-owned Indian e-commerce firm Flipkart plans to sell movie and concert tickets in India, moving into a fast-growing space driven by consumers spending more on e... Read More


Indian refiners pay for Iran oil in yuan via ICICI Bank

NEW DELHI/MUMBAI, April 18 -- Indian refiners are settling payments for rare cargoes of Iranian oil purchased under a temporary U.S. sanctions waiver using Chinese yuan through Mumbai- based ICICI Ban... Read More