US led ‘historic’ foreign aid decline in 2025 amid Trump cuts: OECD
A forum of top economies in Europe and Americas says aid from members declined 23 percent as humanitarian needs grow.
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Trump threatens 50% tariffs on countries that supply Iran with weapons
It’s not clear under what legal authority Trump can tack on this tariff, and analysts called it an ’empty threat’.
EXPLAINER
Empty ships and shut wells: Why the Iran war oil crisis is not over yet
The war on Iran has removed hundreds of millions of barrels from oil markets. We visualise what that looks like.
In Strait of Hormuz, Iran and China take aim at US dollar hegemony
Tehran and Beijing both stand to gain from boosting status of the Chinese yuan.
Oil prices slide, stocks surge as Trump announces two-week Iran ceasefire
Investors welcome the possible resumption of oil and gas flows through the Strait of Hormuz.
Yemen’s teachers pushed to the brink as salaries collapse
Yemeni teachers juggle multiple jobs and endure hunger as protests grow over meager and delayed salaries.
Billionaire investor Ackman makes $64bn bid for Universal Music Group
Universal Music, the label behind superstars Taylor Swift and Bad Bunny, is expected to list in NY from Amsterdam.
Trump to pursue stability with China’s Xi in May meeting, USTR Greer says
The US is ‘not looking for a massive confrontation’, Greer says, adding the two countries have a stable relationship.
EXPLAINER
From 9pm shutdowns to remote work: Egypt cuts fuel amid power crisis
Egypt is one of the countries implementing energy conservation measures amid the US-Israel war on Iran.
Vietnam’s gig workers slammed by rising fuel costs amid fallout of Iran war
Diesel prices have more than doubled in the Southeast Asian nation amid Iran’s blockade of the Strait of Hormuz.
Libya’s oil disputes mirror Hormuz crisis, fuel European energy fears
Libyan oil sector proxy wars occur during Hormuz tensions, creating dangerous supply vulnerabilities for global markets.
