The Economic Times

America is pushing for United Nations backing of a resolution demanding Iran stop attacks in the Strait of Hormuz. However, China and Russia are expected to block the move. This comes as a previous resolution also faced vetoes from these nations. The US views this as a crucial test for the UN's effectiveness. Iran has called the resolution one-sided.

U.S. Stock Market saw even sharper swings earlier in the war, when hopes rallied for a reopening of the Strait of Hormuz, only to get quickly dashed.

Iran has formed a new government agency to control passage through the Strait of Hormuz. This move raises concerns for international shipping. Meanwhile, peace talks continue between Iran and the U.S. mediated by Pakistan. Both sides are reviewing proposals. Hopes for an end to the conflict are growing, impacting global markets. Saudi Arabia has stated it will not support U.S.

America has imposed sanctions on Iraq's deputy oil minister and certain militias. These actions are due to their alleged support for Iran. The deputy minister is accused of misusing his position to help Iran and its allied groups. This move comes as the U.S. and Iran are in discussions regarding a potential agreement.

Ukraine President Volodymyr Zelenskiy said Russia had continued to flout a ceasefire starting from the night of May 5-6 that had been proposed by Kyiv in response to the declared Russian ceasefire.

President Donald Trump has set a July 4 deadline for the European Union to fulfill trade deal promises. Failure to comply will result in significantly higher tariffs on EU products, including cars. European Commission President Ursula von der Leyen confirmed discussions and commitment to the deal's implementation.

United States and Iran exchanged fire testing a month-long ceasefire. Iran stated the situation returned to normal. The US military said it fired in response to Iranian attacks. President Trump described the exchange as a 'love tap'. Renewed hostilities occurred as Washington awaited Iran's response to a US proposal. The war has impacted oil prices and US politics.

NFL schedule: NFL could opt for an immediate Super Bowl 60 rematch since New England is scheduled to visit Seattle. Last season, the Super Bowl 59 rematch between Philadelphia and Kansas City took place on Week 2.

U.S. President Donald Trump is visiting next week to Beijing to meet with China's leader Xi Jinping.

Iran's top joint military command accused the U.S. of violating the ceasefire by targeting an Iranian oil tanker and another ship, and of carrying out air attacks on civilian areas on Qeshm Island in Strait of Hormuz.

ShinyHunters group warned that it would release all stolen data of Canvas if schools did not make contact by May 12. The message included a link to a list of schools ShinyHunters claims to have breached through Canvas.

Franz Kafka, a master of capturing modern anxieties, believed profound understanding comes from quiet observation. His quote, You do not need to leave your room. Remain sitting at your table and listen... The world will freely offer itself to you, emphasizes patience and introspection over frantic pursuit. This timeless message resonates today, encouraging stillness amidst a noisy world.

Air travel may become costlier this summer as airlines face rising fuel prices and supply problems. Many carriers are cutting flights and increasing ticket prices to handle growing expenses. Experts say the global fuel crisis could continue affecting passengers during the busy travel season.

The Supreme Court has appointed former Chief Justice of India DY Chandrachud to mediate a family dispute. The case involves the ownership of the RK Family Trust, which holds a stake in Sona Comstar. The court urged all parties to participate with an open mind. The matter will be heard again in August after the mediator's report.

Bitcoin BTC USD price drop today reason: Bitcoin's surge cooled, dipping below $80,000 as traders reacted to US-Iran negotiation uncertainties and booked profits after a significant rally. The cryptocurrency now eyes key support levels, with market sentiment hinging on geopolitical developments and ongoing profit-taking activity.

The Bombay High Court declined to halt a Sir Ratan Tata Trust meeting. A petitioner argued the trust's board composition violates new Maharashtra laws. The court stated the petitioner can seek further relief from a vacation bench. The trust's agenda includes reviewing its representation on Tata Sons' board. The court's decision allows the meeting to proceed as planned.

Economic offences in Indian cities have surged, with an average of 117 daily cases reported in 2024, a significant increase from 86 in 2018. Forgery, cheating, and fraud, particularly in the Rs 1-10 lakh range, constitute the majority of these crimes, with larger scams also prevalent.

Multinationals are reassessing their tax strategies. A new safe harbour regime offers lower margins for IT and ITeS services. Companies with existing Advance Pricing Agreements face a choice. They can opt out of higher APA margins for the new safe harbour. Those with pending APA applications are waiting for clarity.

U.S. mortgage rates are moving higher again as global tensions and inflation worries affect the housing market. Home buyers are facing higher monthly costs, while demand for homes is slowing down. Experts say rates may stay high for some time, making it harder for many people to afford homes in the current market.

The Enforcement Directorate is now looking into employee stock options from foreign firms given to Indian workers. This move aims to uncover potential money laundering and ways to bypass foreign remittance rules. Experts suggest fake ESOPs could be used to hide overseas funds or exceed remittance limits.

The Ministry of Statistics and Programme Implementation has issued new guidelines for calculating Gross State Domestic Product. The base year is now 2022-23, aligning with national GDP revisions. This aims for better accuracy and consistency in regional economic data. States and Union Territories will adopt these new standards.

The Prime Minister's Employment Generation Programme has successfully created jobs for over 36 lakh individuals. It also supported the establishment of more than four lakh new businesses. The scheme, implemented by KVIC, fully utilized its budget. A significant portion of these new enterprises are located in rural areas, boosting local economies and promoting balanced development across regions.

States that manage their finances prudently will receive priority for a 3,000 crore incentive fund. The Centre's new scheme rewards states for strong debt management, borrowing discipline, and fiscal transparency. This initiative aims to encourage better fiscal governance and debt sustainability across states.

Olivia Rodrigo expanded her Unraveled World Tour shortly after announcing it, following overwhelming global demand and rapid ticket sellouts during presales. Reports suggest Ticketmaster queues reached hundreds of thousands, forcing the addition of new dates across the US and Europe. New shows have been added in cities like Los Angeles, Boston, Brooklyn, London, Paris, and Amsterdam.

Analysis of the 2026 election results reveals a trend of parties retaining constituencies with the largest winning margins. West Bengal saw BJP and Trinamool Congress hold onto their strongholds. Kerala also followed this pattern, with IUML maintaining its dominance. Tamil Nadu experienced shifts, with the Tamilaga Vettri Kazhagam making significant gains in high-margin seats, though AIADMK held its ground.

Socrates' famous marriage quote, By all means marry. If you get a good wife, youll become happy; if you get a bad one, youll become a philosopher, offers a profound insight into personal growth. It suggests that both positive and challenging relationships can lead to self-reflection and wisdom, aligning with his belief that an unexamined life is not worth living.

India reaffirmed its right to self-defense against Pakistan-backed cross-border terrorism, marking the anniversary of Operation Sindoor with a strong response. The nation also categorically rejected Canadian allegations of foreign interference, emphasizing its commitment to democratic principles and international norms.

Prime Minister Narendra Modi reflects on two significant milestones at Somnath Temple. He attended an event marking 1,000 years since the temple's first attack and will attend another for the 75th anniversary of its restoration. The temple's journey from ruin to renewal embodies civilisational strength and unity. Special pujas will be held for 1,000 days.

India's top military officials stated no terrorist sanctuary in Pakistan is safe. They affirmed India is ready to strike any target at its chosen time and method. Operation Sindoor set a new standard for response. Acts of terrorism will have consequences. No misadventure will go unanswered. Indigenous weapon systems played a decisive role. Pakistan suffered significant losses.

Quote of the day by Charles Bukowski: His words highlight that saving the world starts with helping one person. Grand movements are less impactful than simple acts of kindness. A helping hand, a listening ear, or a moment of support can profoundly alter a life. Bukowski's message urges focus on genuine human connection over performative activism.

Quote of the Day: Ernest Hemingway's powerful quote, rue nobility is being superior to your former self, emphasizes personal growth over dominance. This philosophy, reflected in his life and work, highlights the enduring value of self-improvement, resilience, and inner strength in the face of life's challenges.

Qualcomm stock is getting attention after strong growth in AI, smartphones and data centers. Investors are watching the company closely because of new chip launches, better earnings and future AI plans. Qualcomm is also expanding into automotive technology and advanced computing, making it one of the biggest tech companies to watch in the AI market right now.

The average Social Security benefit for men stands near $2,282 per month in 2026. This is real data. This is current. It is higher than the overall retiree average. But it still falls short for many. Rising costs are faster. Inflation eats value quietly. Most men depend heavily on this income today. Yet Social Security was never designed to fully replace earnings. Not the whole plan. Your benefit depends on 35 earning years.

Chinese proverb of the day highlights the meaning of I was angry that I had no shoes. Then I met a man who had no feet. The saying explains how perspective can change human emotions from frustration to gratitude. It teaches lessons about empathy, humility, and appreciating what we already have instead of constantly focusing on what is missing. The timeless proverb also reflects how comparison and endless desire often create unhappiness in modern life, while awareness of others struggles can insp

India leads global economic growth with a 6.6% GDP expansion amidst international turmoil. Former NITI Aayog CEO Amitabh Kant highlights structural reforms and infrastructure as key drivers. The nation is accelerating renewable energy adoption and aims for self-reliance in semiconductors and critical technologies.

Virat Kohli was out for a duck in the IPL 2026 match between Royal Challengers Bengaluru and Lucknow Super Giants. Lucknow Super Giants scored 209 for three. Royal Challengers Bengaluru need 210 to win. Prince Yadav took Kohli's wicket early. Mohammed Shami also took a wicket. Mitchell Marsh scored a half-century for Lucknow Super Giants.

Pakistan has publicly announced its readiness to initiate talks with India, signaling a desire for impactful and productive dialogue. As the nation reflects on the anniversary of a critical conflict, it pledged a robust response to any future acts of aggression. With a focus on strengthening military capabilities, officials noted the historical conflict's influence on Indias perception of security.

Christopher Nolan's new film, The Odyssey, is generating buzz and controversy online. Critics are questioning the casting choices and historical accuracy of the movie. Some fans feel the visual style and tone do not represent ancient Greece. The film, set for a 2026 release, is reportedly Nolan's most expensive project to date.

Public sector companies and key government bodies significantly boosted capital spending in April. This surge of 63% marks a strong start to the fiscal year. The increased outlay underscores the government's focus on vital infrastructure projects. This spending provides economic stability amidst global uncertainties. The figures show a substantial increase compared to the previous year.

Quote of the Day: Agatha Christie's enduring advice, Follow your instinct. Its the best advice, resonates today, reflecting her mastery of human psychology in detective fiction. Her life and prolific career, marked by iconic characters like Hercule Poirot and Miss Marple, demonstrate the power of intuition in uncovering truth. Christie's legacy continues through her timeless stories and insightful observations on human nature.