921 stories · Page 41 of 93
On 11-12 May 2026, after receiving Iran’s 10-May reply, President Trump said the April-7 ceasefire has only a “1 % chance” of survival and threatened renewed strikes unless Tehran drops demands over the Strait of Hormuz and sanctions relief.
On 10 May 2026, Prime Minister Narendra Modi issued seven austerity-style appeals—cut fuel use, skip foreign travel, postpone gold purchases, revive WFH, curb oil and fertiliser consumption—framing them as “economic self-defence” against the West Asia war; within 24 hours Congress leaders Rahul Gandhi and Sachin Pilot demanded a parliamentary briefing, calling the appeals proof of policy failure and price spikes.
On 11 May 2026, President Donald Trump urged lawmakers to pass a temporary “gas-tax holiday,” seeking to halt the federal levy while U.S. pump prices spike in the wake of the stalled Iran cease-fire.
Saudi Aramco’s Q1 2026 net income leapt 25% to about $32.5 billion as it diverted up to 7 million barrels a day through its East-West pipeline, cushioning a market hit by Iran’s two-month closure of the Strait of Hormuz that has already removed roughly 1 billion barrels from global supply.
Nintendo will raise the Switch 2’s MSRP by roughly 10-20% worldwide—starting with a ¥10,000 jump in Japan on May 25 and a US$50 increase elsewhere on September 1—citing sustained component and tariff pressures.
Between 8-10 May 2026, Apple quietly signed a first-stage agreement for Intel’s U.S. 18A fabs to build some of its future A- and M-series processors, breaking Apple’s single-supplier dependence on TSMC.
Within 48 hours, quantum tech moved from lab demo to market reality: China’s Origin Quantum put a 180-qubit computer online for global users while U.S. start-up Quantinuum sought a Nasdaq listing at a >$20 billion valuation, signalling an abrupt escalation of commercial and geopolitical stakes in quantum computing.
On 8 May 2026 a nationwide class-action lawsuit was filed in Portland accusing Nike of planning to keep government refunds for $1 billion in now-invalid Trump-era IEEPA tariffs after already recouping the duty costs from shoppers through price hikes.
In April 2026, the UN FAO Food Price Index rose 1.6 % to 130.7—its highest since Feb 2023—marking a third straight monthly increase largely because the Iran-Hormuz war pushed vegetable-oil prices up 5.9 %.
On 7 May 2026 the U.S. Court of International Trade struck down President Trump’s February-imposed 10 % blanket tariff, and the same day Trump warned he will lift tariffs on EU vehicles from 15 % to 25 % unless Brussels enacts the stalled Turnberry trade pact by Independence Day.
Multi-perspective news analysis delivered to your inbox—free. We read 1,000s of sources so you don't have to.
