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AI summaryUS President Donald Trump and Chinese President Xi Jinping are set to meet again for tea and a working lunch on Friday, the final day of Trump's state visit to Beijing. The leaders held two hours of formal talks on Thursday covering trade, fentanyl, Taiwan, Iran, Ukraine and North Korea, with Xi framing the discussions around 'constructive strategic stability.'
AI summaryThe US-China trade war is entering a new phase marked by legal confrontations and expanded export controls, including China's extraterritorial rare earth restrictions that could impact European and Ukrainian supply chains. Both Washington and Beijing are building rival regulatory regimes, leaving global businesses in a difficult position.
AI summaryAustralian shares are expected to open higher following a rally on Wall Street, with the S&P 500 notching another record close. Meanwhile, oil prices show mixed movements amid ongoing Middle East tensions and hopes for a peace deal, while investors also weigh US inflation data and the looming federal budget.
AI summaryUS federal prosecutors have moved to dismiss criminal fraud charges against Indian billionaire Gautam Adani, ending a case that accused him of bribing Indian officials and misleading investors. The decision follows a pledge by Adani to invest $10 billion in the US and comes alongside civil settlements with the SEC and OFAC.
AI summaryIran's economy, already strained by sanctions and corruption, has been pushed to the brink by war and a prolonged internet blackout. Officials estimate over a million jobs lost and two million indirectly unemployed, with businesses from manufacturing to tech collapsing under the pressure.
AI summaryRussian officials at the KazanForum highlighted an 86% surge in halal exports over five years, reaching $388 million in 2025, while acknowledging heavy reliance on Saudi Arabia. A separate agreement with the UAE aims to expand Russian food promotion in the Emirates.
AI summaryThe UK Maritime Trade Operations (UKMTO) reported that a vessel was boarded by unauthorized personnel while anchored northeast of Fujairah, UAE, and is heading toward Iranian territorial waters. The vessel is believed to be the Honduras-flagged Hui Chuan fishery research vessel, and communication with it has been lost.
AI summaryUS President Donald Trump arrived in Beijing for a state visit, with talks expected to focus on trade, rare earths, Taiwan, and the Iran conflict. The summit follows an October truce in the trade war, but both sides face pressures that could shape the outcome.
AI summaryAt the BRICS foreign ministers' meeting in New Delhi, Iran's foreign minister called on the bloc to condemn US and Israeli attacks, and accused the UAE of direct involvement in military operations against Iran. The meeting highlighted divisions within the expanded BRICS group over the ongoing conflict.
AI summaryPakistan's Foreign Office has clarified that Chinese Foreign Minister Wang Yi's recent remarks to Deputy PM Ishaq Dar regarding mediation efforts between the US and Iran were misrepresented in media reports. The clarification comes after Xinhua reported Wang urged Pakistan to 'step up' its mediation role, while Islamabad insists the call was held with 'traditional warmth and cordiality.'
AI summaryIranian Foreign Minister Abbas Araghchi addressed a BRICS foreign ministers' meeting in New Delhi, urging member states to condemn US-Israeli 'international law violations' and to help build a more just, balanced world order. Iran's Deputy Foreign Minister separately framed Tehran's BRICS membership as a strategic choice for multilateralism.
AI summaryA ship was boarded by unauthorized personnel off the UAE coast and is heading toward Iranian territorial waters, the UK Maritime Trade Operations reported. Media reports identify the vessel as the Honduras-flagged Hui Chuan, a suspected floating armoury, though details remain unconfirmed.
AI summaryDisruptions in the Strait of Hormuz, following US-Israeli strikes on Iran, are driving up food and fertiliser costs and could push tens of millions more people into hunger, according to UN warnings and expert analysis. Asia is particularly exposed, with heavy reliance on Gulf fertiliser exports and energy supplies.
AI summaryJapanese snack giant Calbee is temporarily switching to black-and-white packaging for 14 products due to shortages of naphtha, an ink ingredient, caused by the closure of the Strait of Hormuz amid the US-Iran conflict. The move highlights wider supply chain disruptions affecting Japanese businesses, including Mizkan and Toyota.
AI summaryRussian Foreign Minister Sergey Lavrov and Indian Foreign Minister Subrahmanyam Jaishankar met in New Delhi to discuss bilateral ties, high-level contacts, and the situation in the Middle East. The talks also covered trade, energy, and cooperation in multilateral forums, with both sides reaffirming their commitment to the strategic partnership.
AI summaryLebanon and Israel are set to resume peace negotiations in Washington on Thursday, even as the latest ceasefire remains fragile with hundreds killed in Israeli strikes. The talks come as the truce, effective since April 17 and extended through Sunday, approaches its expiration amid renewed violence that killed 22 people, including eight children, on Wednesday.
AI summaryRussian Security Council Secretary Sergey Shoigu said Western countries have frozen approximately $590 billion in assets belonging to Russia and several other nations, and called on the West to release Afghan assets and fund post-conflict reconstruction. He also highlighted efforts by Afghan authorities against drug trafficking, noting a significant decline in opium poppy cultivation.
AI summarySouth Korean officials say the possibility of a non-Iranian actor being behind the May 4 attack on a South Korean-operated vessel in the Strait of Hormuz appears low, though the investigation is ongoing. A technical team has been dispatched, and the foreign minister has said the findings will be disclosed once completed.