SENSEX
NIFTY
GOLD
USD/INR

Weather

image 22    C

Global Business News

The Economic Times

Global Business / The Economic Times

Hantavirus scare: Evacuations planned as suspected outbreak traps 150 on ship off Cape Verde

Medics are working to evacuate two individuals with hantavirus symptoms from a luxury cruise ship off West Africa after an outbreak claimed three lives. The Dutch-flagged MV Hondius, carrying mostly British, American, and Spanish passengers, has been denied docking as a precaution.

5 May 2026 7:01 am
U.S. Stock market prediction for Tuesday: Will S&P 500, Dow Jones, Nasdaq trade in green? These factors will decide

U.S. stocks fell from their record heights, while oil prices jumped following escalations in the Middle East that may undermine the ceasefire in the war with Iran.

5 May 2026 6:46 am
Trump warns Iran would be 'blown off the face of the Earth' if Tehran attacks US vessels in Strait of Hormuz

US President Donald Trump has intensified warnings against Iran, stating that the United States can't let Iran have a nuclear weapon and threatening severe retaliation if US assets are targeted under Project Freedom.

5 May 2026 6:38 am
SIR Effect: 'Ineligible' voters exceed win margins in 25 BJP seats in West Bengal

A large number of assembly seats in West Bengal have reported that electors marked ineligible under the Special Intensive Revision (SIR), along with those still under adjudication, exceed the final victory margins.

5 May 2026 6:30 am
Will continue to work towards strengthening Tamil culture, pride: Amit Shah thanks Tamil Nadu voters, reaffirms NDA's commitment to development

Union Home Minister Amit Shah and Prime Minister Narendra Modi thanked Tamil Nadu voters for supporting the BJP and NDA. They reaffirmed the central government's commitment to the state's development. Actor-turned-politician Vijay's party, TVK, made a significant debut, winning many seats. This marks a potential shift in Tamil Nadu's political landscape.

5 May 2026 6:29 am
South Korean-operated vessel ablaze in Strait of Hormuz; Trump says Iran fired at ship

A South Korean ship experienced an explosion and fire in the Strait of Hormuz. U.S. President Trump stated Iran was responsible for the attack. No casualties were reported. Authorities are investigating the cause of the blaze. The incident occurred as the U.S. initiated an operation to secure shipping lanes. South Korea is reviewing intelligence and considering its response.

5 May 2026 6:24 am
PM Narendra Modi hails BJP victory in West Bengal calls it vote for stability and development

Prime Minister Narendra Modi hailed the BJP's West Bengal election win. He stated the victory signifies a vote for stability and development amidst global economic challenges. Modi urged an end to violence and vendetta in the state. He assured the new government will work for public aspirations and act against illegal immigrants.

5 May 2026 6:00 am
Met Gala 2026 protests: Why is Amazon founder Jeff Bezos facing criticism even as wife Lauren Sanchez Bezos attends Metropolitan Museum of Arts Costume Institute event?

Met Gala 2026: Outside the museum, protesters in colorful outfits held letters spelling out ax the rich and banners reading esistance red carpet and eat the rich.

5 May 2026 5:58 am
BJPs big bang: Bengal breached, Assam secured; Vijay, Congress flip the south

India has a brand new political map. A massive topple in Bengal, a twist in the Tamil Nadu potboiler, power grip in Assam and Puducherry, and anti-incumbency in Kerala this crucial round of Assembly elections sees BJP tighten dominance across the country, with a very special appearance by Vijays TVK.

5 May 2026 5:58 am
Blake Lively Justin Baldoni settlement: It Ends With Us stars ends controversial litigation saga. All you may want to know

Blake Lively-Justin Baldoni settlement ends more than a year of acrimonious litigation that drew intense publicity as details of Lively's allegations and Baldoni's counterclaims trickled out in court filings.

5 May 2026 5:50 am
No World Cup 2026 telecast in India, China? Here's why FIFA faces broadcast crisis in world's two most populous countries

FIFA has concluded agreements with broadcasters in over 175 territories globally, it said in a statement to Reuters.

5 May 2026 5:30 am
The whistle blew, DMK fell: How TVK's Vijay did what decades of politics could not

Actor Vijay's new political party, Tamilaga Vettri Kazhagam, has achieved a stunning victory in Tamil Nadu. The party has become the largest in the state, unseating the incumbent DMK government. MK Stalin has lost his chief minister position. This marks a significant political shift, with Vijay becoming an overnight sensation.

5 May 2026 5:30 am
White House mulls order directing government executives to review AI models before public review. What does it mean for Aritificial Intelligence?

Donald Trump had positioned himself as a champion of unfettered AI development, rolling back Biden-era safety evaluation requirements and casting regulation as a threat to US competitiveness with China.

5 May 2026 5:19 am
He was drafting his resignation when layoff hit here's how he got 5 months' severance, a 30% pay rise and 3 weeks' vacation

Layoff resignation timing story: A worker proactively prepared for potential layoffs during a company restructuring by applying for new roles and optimizing his job search with AI tools. This foresight led to a senior position offer with a 30% salary increase, just before his company announced layoffs, resulting in a fortunate transition with severance and a new job lined up.

5 May 2026 2:51 am
Quote of the Day by Helen Keller: 'Although the world is full of suffering, it is...'Helen Kellers timeless reminder that strength can rise from suffering

Quote of the Day: Helen Keller's life, marked by blindness and deafness from infancy, became a testament to resilience. Her journey, guided by Anne Sullivan, led to groundbreaking achievements in education and communication. Keller's powerful quote, Although the world is full of suffering, it is full also of the overcoming of it, reflects her profound personal experience and enduring message of hope.

5 May 2026 2:44 am
Trump slams Fed Chair Jerome Powell as Disaster as Mortgage rates Stay above 6.5% and 10-year yield nears 4.5%

US interest rates are still high and causing problems for home buyers. Donald Trump criticized Fed Chair Jerome Powell over this issue. Mortgage rates are above 6.5% and changing often. Inflation, global conflict, and economic slowdown are key reasons. Even without a Federal Reserve meeting, rates can move. People planning to buy homes are waiting and watching closely.

5 May 2026 1:04 am
Will UAE fight back Iran? US Navy reopens Strait of Hormuz as UAE faces Iranian missile and drone attacks

Will UAE fight back Iran? The United States moved to reopen the Strait of Hormuz after Iran launched missile and drone attacks on the UAE and commercial ships. The conflict has raised oil prices, disrupted shipping, and increased global economic pressure. Military operations, sanctions, and naval blockades are now shaping the next phase of the crisis.

5 May 2026 1:01 am
Congress-led UDF sweeps to power in Kerala by riding anti-LDF wave

The United Democratic Front has achieved a historic win in Kerala, defeating the Left Democratic Front. This marks a significant setback for the Communist party, leaving them without any government in India. The Congress now governs four states, showcasing its Kerala unit's strength. The election also saw the incumbent government voted out, a return to Kerala's political trend.

5 May 2026 12:45 am
Europe signals retaliation if Trump raises auto tariffs

The dispute adds to tensions over a long-delayed transatlantic trade pact. The two sides reached an initial agreement last July, but EU lawmakers have yet to ratify it as they seek amendments. Trump said Friday the bloc had failed to fully comply with the deal.

5 May 2026 12:44 am
Pharma exports surpass $31 billion in FY26 despite global headwinds

Indian pharmaceutical exports reached over $31 billion in FY26. March saw a significant 23% drop, primarily due to a slowdown in the United States and China. However, other markets like Africa and Oceania showed strong growth. Vaccines emerged as the fastest-growing export category. The industry is navigating challenges in key markets while exploring new growth avenues.

5 May 2026 12:43 am
Reliance Trust challenges I-T move to cancel registration

Several prominent charitable organizations in Mumbai are facing the cancellation of their tax registrations. The tax department cites commercial activities as the reason for rejecting renewals. The Reliance charitable trust is challenging this decision. Other organizations like PD Hinduja Hospital and ISKCON are also in the process of appealing. This situation impacts tax relief for these trusts and donor deductions.

5 May 2026 12:40 am
BJP gains in Bengal may accelerate reforms push amid economic headwinds

The dominant National Democratic Alliance constituent at the Centre has registered its maiden victory in West Bengal, retained Assam and Puducherry (with alliance partners) and won a record three seats in Kerala. It won only one seat in Tamil Nadu, against four in 2021.

5 May 2026 12:40 am
Puducherry backs NDA for second straight term; N Rangasamy wins big

The AINRC-led NDA is poised to form the government in Puducherry. Chief Minister N Rangasamy secured victory in the Thattanchavady constituency. Election Commission figures show AINRC leading in multiple seats. The alliance requires 16 seats for a majority in the 30-member assembly. Rangasamy's win marks a significant step towards his second consecutive term as chief minister.

5 May 2026 12:39 am
UAE defends OPEC exit; Warns Hormuz must stay open amid West Asia tensions

The UAE has exited OPEC and OPEC+ stating it is a sovereign decision. This comes after an ADNOC tanker was hit by Iranian drones in the Strait of Hormuz. The UAE called it a terrorist attack. Officials emphasized the Strait of Hormuz must remain open for global economic stability.

5 May 2026 12:39 am
TVK meet in Chennai today; AIADMK and Congress tie-up options on table

The TVK party has become the largest in Tamil Nadu, leading in over 100 constituencies. Plans are now in motion to form the government. Candidates are being called to the party office. Discussions with potential allies like the Congress are expected. The DMK has accepted the election results. This marks a significant shift in Tamil Nadu's political landscape.

5 May 2026 12:35 am
In blockbuster debut, TVK emerges as single largest party

Vijay-led TVK has emerged as the single largest party in Tamil Nadu, disrupting the long-standing dominance of Dravidian parties. The actor-turned-politician's party is leading in 107 constituencies, surpassing the majority mark needed to form the government. This electoral debut saw significant gains across northern, central, and southern districts, including a major upset with CM MK Stalin losing his seat.

5 May 2026 12:35 am
RBI flags false loan waiver claims by some, warns of legal action

RBI cautioned such campaigns can mislead borrowers into believing their obligations can be written off outside formal processes, which could affect repayment behaviour and weaken credit discipline. Such campaigns not only mislead the general public but also interfere with the orderly functioning of the credit system of the country, it said.

5 May 2026 12:33 am
Is US going to strike Iran within hours as Tehran strikes ships at Hormuz and attacks the Fujairah oil terminal? What we know

Tensions in the Gulf are escalating rapidly, with a UAE official warning of a potential US or Israeli strike on Iran within 24 hours. Recent missile attacks, naval clashes in the Strait of Hormuz, and heightened military activity suggest a major confrontation may be imminent, impacting global markets and oil prices.

5 May 2026 12:20 am
Korean proverb of the day Knowing the road and walking the road are clearly different: Everyone learns, few act what secret fear keeps you stuck despite knowing exactly what to do today? The uncomfortable truth about successinformation is everywhere, but execution is where real progress begins

Korean proverb proves action matters more than knowledge: There is an ancient Korean proverb that cuts straight to the bone of human experience: Knowing the road and walking the road are clearly different. Most people who hear it nod immediately. It feels simple at first glance. Almost obvious. But that simplicity hides an uncomfortable truth. That is why this Korean proverb of the day is not just wisdom. It is a mirror.

5 May 2026 12:20 am
Student loan forgiveness changes hit middle class hard: New bill counts jobless months, speeds up debt relief for laid-off workers

New student loan rules may help people who lose jobs. The plan could count no-payment months for loan forgiveness. This can help middle-class workers avoid delays in becoming debt-free. Many people on income-based plans may benefit. The bill also talks about faster relief. But it is not final yet and depends on government approval before becoming law.

4 May 2026 11:55 pm
IRS tax deadline extension for Washington disaster relief: New 2026 filing date, eligibility, process, refund insights and key updates

IRS tax deadline extension 2026: Washington residents hit by severe weather now have until August 15, 2026, to file taxes, thanks to an IRS extension. This relief, triggered by a FEMA disaster declaration, automatically applies to eligible individuals and businesses. Meanwhile, nationwide, Americans anticipate an average $1,700 refund, primarily for essentials like rent and groceries.

4 May 2026 11:54 pm
Do you always try to impress others and seek validation? Psychology says this could be a sign of deeper insecurity quietly destroying your happiness and stopping you from having meaningful relationships

The psychology of people who constantly try to impress others reveals a complex mix of emotional needs, learned behaviours, and social pressures. While the desire for approval is natural, losing oneself in the process comes at a cost.

4 May 2026 11:47 pm
US stock market crashes today: Whats happening with Dow Jones, S&P 500 and Nasdaq as $200 billion vanishes in minutes from US stocks - Dow plunges 565 points, all sectors sink while oil surges with WTI up 3.4% and Brent jumping 5%

US stock market crashes today. Investors are asking whats happening with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite. Nearly $200 billion vanished in minutes. The Dow fell 565 points. The S&P 500 and Nasdaq slipped as well. Every sector turned red. This was not random. Oil surged fast. WTI jumped 3.4%. Brent climbed 5%. Rising tension near the Strait of Hormuz changed sentiment instantly.

4 May 2026 11:43 pm
How BJP's well-oiled vote machine breached Mamata's Bengal fortress

The Bharatiya Janata Party achieved a significant victory in the West Bengal Assembly elections. Their campaign focused on booth-level organization and local leadership. The party also utilized digital tools and revised electoral rolls. This strategy effectively countered the Trinamool Congress's long-standing dominance, leading to a decisive outcome.

4 May 2026 11:42 pm
Russia declares May 8-9 truce, threatens attack if Ukraine breaks it

Russia on Monday declared a unilateral ceasefire with Ukraine between May 8-9, when Moscow marks its annual World War II Victory Day commemorations, and threatened a massive missile strike on Kyiv if Ukraine violated it. In accordance with a decision of the Supreme Commander-in-Chief of the Russian Armed Forces, Vladimir Putin, a ceasefire has been declared from May 8-9, 2026 ...

4 May 2026 11:41 pm
Quote of the Day by Carl Rogers: 'The only person who is educated is the one'Inspiring quotes by the famous American psychologist, esteemed as one of the founders of humanistic psychology

Quote of the Day: Carl Rogers, a pioneering psychologist, believed true education is the ability to learn and change. His words remain relevant today, urging continuous adaptation. Rogers' life and work, from his early studies to developing client-centred therapy, highlight his focus on human growth.

4 May 2026 11:39 pm
US destroys six Iranian small boats, shoots down missiles, drones, admiral says

The U.S. military destroyed six Iranian small boats and intercepted drones and cruise missiles as it launched an operation to secure shipping through the Strait of Hormuz. Admiral Brad Cooper stated that ongoing IRGC efforts to interfere with the operation were defeated. He emphasized a multi-layered defensive arrangement, not traditional escorts, to protect commercial traffic.

4 May 2026 10:51 pm
India to testify at USTR overcapacity probe on May 8

India will challenge US accusations of excess manufacturing capacity on May 8. Indian trade officials and industry representatives will present their case. The US probe targets sectors like petrochemicals, steel, and solar modules. India denies these claims, stating trade surpluses are macroeconomic phenomena. This hearing is part of a broader US investigation into trade practices.

4 May 2026 10:40 pm
Quote of the Day by Martin Luther King Jr. Perhaps the worst sin in life is knowing right and not.... Hidden truth by MLK: you know whats right but what are you doing with it today, and why silent inaction remains the biggest moral failure?

Quote of the day by Martin Luther King Jr inspires global readers searching for moral responsibility and life direction. Hidden truth by Martin Luther King Jr. reveals a sharp reality. Most people already know what is right. Yet action remains rare. In todays fast digital world, awareness grows faster than courage. Social media spreads truth instantly. Real change still moves slowly. This gap defines modern moral failure. It shapes society, workplaces, and personal life. Experts call it the awar

4 May 2026 10:32 pm
UAE says Iran has resumed attacks as the US moves to reopen the Strait of Hormuz

The United Arab Emirates reported Iranian attacks. This happened after US President Donald Trump's initiative to reopen the Strait of Hormuz. Iran launched missiles and a drone. This caused fires and injuries. Two cargo vessels were also ablaze. US Navy ships are helping to restore traffic. Iran warns foreign forces will be targeted.

4 May 2026 10:30 pm
Teacher Appreciation Week 2026 Deals: Free meals, big discounts and why it matters more than ever

National Teacher Appreciation Week 2026 offers numerous deals and freebies for educators from May 4-8. Many businesses, including Chipotle, Whataburger, and various restaurants, are providing discounts, free meals, and special offers to acknowledge the hard work of teachers. These promotions aim to show gratitude during a time when many teachers face financial challenges.

4 May 2026 10:07 pm
BEL, Metamind and Kristellar sign MoU for developing futuristic technologies

Defence PSU BEL, Metamind Systems, and Kristellar Aerospace have signed an MoU to co-develop future-ready products and technologies for defence and non-defence sectors. This collaboration aims to leverage their combined strengths in manufacturing, AI-driven analytics, and aerospace R&D to boost competitiveness and deliver scalable solutions, supporting India's 'Make in India' and 'Atmanirbhar Bharat' initiatives.

4 May 2026 10:04 pm
Quote of the day by Jean Piaget: Intelligence is what you use when you don't know what to do simple life lessons on how thinking in tough situations builds real intelligence and why problem-solving matters more than just knowing answers

Todays quote of the day by Jean Piaget shows that intelligence is not only about knowing answers. It is about thinking when you feel confused. His life work explains how children learn step by step. The message is simpleuse your mind, try new ideas, and solve problems when you dont know what to do in life.

4 May 2026 10:04 pm
West Bengal govt asks officers to safeguard files

West Bengal government has ordered all departmental secretaries and heads of offices to strictly safeguard official files and documents. No important papers or files can be taken out of offices without authorization. Unauthorized copying or scanning of records is also prohibited. Departmental heads are personally responsible for ensuring compliance. Strict action will be taken for any deviation from these guidelines.

4 May 2026 10:00 pm
Babu, former MLA defeats Stalin in Kolathur

V S Babu, a former legislator, has caused a major upset by defeating DMK president M K Stalin in the Kolathur constituency. Babu, who joined the Tamilaga Vettri Kazhagam earlier this year, secured victory by a margin of 8,795 votes.

4 May 2026 9:54 pm