Top World News

Asia scrambles to confront energy crisis unleashed by Iran war – with no end in sight

From fuel caps to four-day work weeks, the Middle East conflict has left the world’s top crude oil importing region desperate to shore up suppliesDonald Trump has scrambled in recent days to reassure the world that the economic impact of his war on Iran can be contained.Sure, one of the most important waterways in global trade has, in effect, been shut for almost two weeks – but it might reopen before long. In the meantime, US oil-related sanctions on “some countries” will be lifted. And besides, the entire conflict could be over soon. Continue reading...

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China’s rubber-stamp parliament set to approve ‘ethnic unity’ law

New legislation will require schools to use Mandarin by default, taking priority over minority ethnic languages such as Tibetan, Uyghur and MongolianChina’s National People’s Congress (NPC), the state legislature, will vote on Thursday on a suite of new laws agreed at this year’s annual two sessions gathering, including a piece of legislation that will diminish the role of minority ethnic languages in the education system.NPC delegates are expected to approve a new ethnic unity law, along with a new environmental code and the 15th five-year plan, the economic planning document for 2026-2030. Delegates have spent the last week debating Beijing’s proposed bills, which they are all but certain to approve. The NPC, which is often described as a rubber-stamp parliament, has never rejected an item on its agenda. Continue reading...

Ex-rapper Balendra Shah set to be Nepal PM after party’s landslide election win

Shah’s Rastriya Swatantra party secures thumping victory in first poll since gen Z protests that toppled government Balendra Shah, the rapper turned politician and popular figurehead of a gen Z revolution, looks set to become Nepal’s next prime minister after his party won by an unprecedented margin.Shah, known widely as Balen, and his Rastriya Swatantra party (RSP) secured a rare landslide victory in the first election since youth-led protests during which dozens were killed and the former government was toppled. Continue reading...

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US grants waiver to allow India to buy Russian oil amid Iran war

‘Stopgap measure’ designed to keep oil flowing into global market as Middle East crisis disrupts crude shipmentsBusiness live – latest updatesThe US has temporarily allowed India to buy Russian oil currently stuck at sea in an effort to keep global supplies flowing and temper further price increases.The US treasury has issued a 30-day waiver allowing India to buy Russian oil, having previously imposed heavy sanctions related to the war in Ukraine. Continue reading...

Sri Lanka evacuates crew from Iranian navy vessel days after warship was destroyed by US

Urgent request to dock is submitted by vessel after US submarine sank Iranian warship in same area on TuesdayMiddle East crisis – live updatesSri Lanka has evacuated 208 crew members from an Iranian navy vessel that made an emergency request to dock, a day after a US submarine strike sank another Iranian frigate, killing more than 80 people on board.Sri Lanka’s president, Anura Kumara Dissanayake, on Thursday confirmed that the country’s navy would take over Iranian military support ship IRIS Bushehr and allow it to dock at the north-eastern port of Trincomalee. Continue reading...