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The Latest Breaking News from Asia

Global Market Today: Asian stocks advance, oil gains on Iran deadlock

Asian stocks advanced, buoyed by continued optimism in the AI sector, even as US-Iran peace talks faltered. Oil prices climbed, with West Texas Intermediate holding above $98 a barrel. Higher oil prices contributed to rising Treasury yields, as investors priced out Fed rate cuts this year.

The Economic Times

10 Most Dangerous Man-Eaters in the World- Real Cases

Man-eating animals are not mythical creatures or horror legends. They are real predators whose behavior, under rare but documented conditions, has led to human deaths. Scientists emphasize that these cases are extremely uncommon and usually driven by survival factors such as injury, habitat loss, or prey scarcity. As wildlife researchers…

Times Pets

Ambani's Reliance Jio: Businesses and investors of the IPO-bound firm

Reliance Jio Platforms, owned by billionaire Mukesh Ambani, is preparing to seek approvals for a Mumbai IPO that could become India’s biggest stock market listing. Reuters reported the offering may raise up to $4 billion, though timelines were delayed due to weaker IPO sentiment after tensions in West Asia.

The Economic Times

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Deadliest Animal Attacks That Humans Somehow Survived

Nature can be beautiful, peaceful, and breathtaking. But in rare moments, it can also become terrifyingly brutal. Around the world, people have survived attacks from some of the deadliest animals on Earth, including sharks, crocodiles, bears, snakes, and massive wild predators. In many of these cases, doctors believed survival was…

MyLifeXP

Oil prices rise as US and Iran exchange fire in Strait of Hormuz

Asian stocks head for stellar weekly gains despite pulling back slightly on Friday

The Independent UK

Heat waves spell more trouble for oil-hit Asia

Asia faces a new inflation threat from El Niño as rising temperatures and dry weather are all set to increase food costs. This comes on top of existing oil price shocks. Countries like the Philippines and Pakistan are already seeing high inflation. El Niño is expected to intensify these pressures…

The Economic Times

AI Surge Powers Asian Stocks To Records Despite Ongoing Iran War And Oil Shock

Japan's Nikkei 225, South Korea's Kospi and Taiwan's Taiex have all reached new highs, tracking a broader global rally that has also pushed U.S. indexes such as the S&P 500 and Nasdaq Composite to record territory.

International Business Times

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Hantavirus Outbreak: Could It Become the Next Covid-19?

The world changed after Covid-19. Every outbreak, every mysterious virus, and every sudden health warning now triggers one terrifying question: Is this the next pandemic? Recently, hantavirus has entered public conversation again after reports of infections and deaths raised alarm online. Search trends for terms like “hantavirus death rate,” “is…

MyLifeXP

Economic growth in the Pacific could slow as energy disruptions spread, ADB warns

Rising fuel and fertiliser import costs are placing growing pressure on economies across Asia and the Pacific, especially small island states that rely heavily on imports. The Asian Development Bank (ADB) says governments are accelerating energy transition and resilience measures in response.

Euronews

AirAsia's Tony to give the world new airline

Tony Fernandes, co-founder of AirAsia X, is set to launch a new airline. This aggressive expansion comes despite rising oil prices. The new carrier is expected to be announced soon. Fernandes sees opportunities within the current market challenges. AirAsia is reallocating aircraft for this new venture. This move follows a…

The Economic Times

Oil drops below $100 while markets rise as US and Iran near a deal

Brent crude has fallen below $100 a barrel while Asian markets reached new all-time highs and European stocks rose at the open on reports that the US and Iran are nearing a deal for the gradual reopening of the Strait of Hormuz.

Euronews

Seth R Freeman on why global markets continue to climb amid West Asia conflict

Global markets are ignoring geopolitical tensions, focusing instead on robust corporate earnings and the excitement around artificial intelligence. Investor sentiment is positive on Wall Street and in parts of Asia. Strong financial sector performance and gains in technology companies are driving this optimism. This trend suggests a market prioritizing growth…

The Economic Times

Southeast Asian leaders will reaffirm core values in veiled Mideast war rebuke

Southeast Asian leaders plan to issue a contingency plan that upholds international law, sovereignty and freedom of navigation in what could be seen as a veiled rebuke to the United States, Israel and Iran over the Middle East war which has impacted their region, according to a draft declaration seen…

The Independent UK

Samsung Hits $1 Trillion Valuation — Stock Explodes As AI Chip Race Intensifies

Samsung Electronics became the second Asian firm after TSMC to reach a $1 trillion valuation as shares surged 15%, driven by record AI chip profits.

International Business Times UK

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Fortune

Europe’s jet fuel supplies should fall below the key 23-day shortage threshold in June, so plan your travel accordingly

Europe, Asia, and Africa all face potentially dire jet fuel shortages. "There is little doubt there is going to be a disaster,” says one economist.

Fortune

The Iran war's oil shock causes a plastic shortage in Asia, squeezing industries and prompting a 'Middle East plus one' rethink of supply chains

South Korea is probing firms suspected of hoarding syringes, which, alongside products like needles and gloves, are produced from petrochemicals.

The Independent UK

Oil prices fall as Trump pauses Project Freedom to seek final peace deal with Iran

Wall Street had already set records on Tuesday, with the S&P 500 rising 0.8 per cent to a new all-time high

The Times of India

These ancient scars in Kazakhstan tell the story of a violent world lost 300 million years ago

The vast Saryarka steppe in Kazakhstan hides a violent prehistoric history, marked by volcanic scars dating back 300 million years. New geological studies have revealed that these rugged ridges are remnants of an ancient, massive volcanic belt. This belt was once as active as the ‘Ring of Fire’ we know…

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Euronews

Asian Development Bank announces €65bn regional investment plan across Asia

At its annual meeting in Samarkand, the Bank outlined a programme focused on cross-border energy and digital infrastructure.

Euronews

EU's Kallas visits Baku to advance 'strategic partnership' with Azerbaijan

The EU's High Representative Kaja Kallas met Azerbaijan’s leadership in Baku for talks to advance what she called “our strategic interest” in connectivity between the EU, the South Caucasus and Central Asia, and to contribute to the regional peace process.

The Guardian - UK

Wu Yize cements China’s status as premier snooker force as younger generation takes over

The new world champion is the fourth consecutive first-time winner and the UK game faces a challenge to keep up with investment in Asia

The Independent UK

The five British passport issues that could prevent you from travelling this summer

Damaged passports: British holidaymakers are being urged to check their travel documents for any damage, as a compromised passport could lead to being denied travel. A passport is deemed damaged if crucial information is illegible, pages torn or missing, the cover is detached or ripped, or if is water damaged…

Euronews

Italy’s PM Meloni visits Baku to reinforce key energy links

During her visit to Baku, the Italian premier said she wanted Azerbaijan to strengthen its role as an energy hub between Europe and Asia, with Italy serving as "the privileged gateway to the European market."

The Guardian - UK

‘People crave friendship’: thousands flock to resurgence of centuries-old south Asian board game

Carrom, a game in which players flick counters into pockets on a board, has drawn hundreds to events across the UK

The Economic Times

Airlines slash flights and raise fares as fuel crisis begins to hit travellers hard

Global airlines are slashing flights and hiking fares due to soaring jet fuel costs and supply worries, exacerbated by the Iran conflict. Millions of seats are gone from schedules as carriers grapple with disrupted routes and fuel price spikes. Expect fewer options and pricier tickets as airlines adjust operations.

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